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The share price of this  firm leading  in the business of producing rubber tyres surged by 4 percent to an intraday high of Rs 1,920.00 apiece on Monday after a prominent ace investor Dolly Khanna bought fresh stake in the firm in Q1FY25.

Share price movement:

With a market capitalization of Rs 3,127.85 crores, the shares of Tinna Rubber & Infrastructure Limited surged by 4.09 percent to an intraday high of Rs 1,920 apiece during Monday’s market hours. The stocks of Tinna Rubber generated both multi-bagger returns of 418.45 percent over the past year and 209.04 percent over the past 6 months.

What happened:

This percentage surge in the stock was noticed when the ace investor Dolly Khanna re-entered Tinna Rubber and Infrastructure Limited by buying a fresh stake in the firm as of Q1FY25 worth Rs 32.3 crores, a 1.03 percent stake or 1,76,289 equity shares. The ace investor entered this stock in December 2021, holding a 1.67 percent stake, and then excited the firm as of September 2023.

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Financials:

Reviewing the financials of Tinna Rubber Limited on a year-on-year basis, the revenues rose by 23 percent from Rs 295 crores in FY23 to Rs 363 crores in FY24. In the same time frame, the net profits increased from Rs 22 crores to Rs 40 crores, demonstrating an 81.80 percent growth.

The EBITDA of the company grew from Rs 367 crores in FY23 to Rs 626 crores in FY24. For Q4 FY24, the Debt Equity Ratio improved from 0.59 times to 0.46 times.

Ratios:

In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 31.52 percent and a return on capital employed (ROCE) of 31.55 percent. It has also reported a debt-to-equity ratio of 0.66 times for the same period.

Future Plans:

The company plans to introduce a new range of products, including accelerators and SNF admixtures for concrete, starting in Q4. These additions are expected to boost the company’s growth by 30 percent  in FY25 compared to FY24.

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Client base:

The major clients of the company include Reliance, ACC, Aditya Birla, PWD, Delhi Metro Rail Corporation, and MMRDA.

Shareholding Pattern:

As of June 2024, the firm’s shareholding pattern stood at 72.65 per cent for promoters, 26.22 percent for the public, and 0.79 percent for foreign institutional investors.

About the Company:

Tinna Rubber & Infrastructure Limited is primarily engaged in recycling waste tyres/end-of-life tyres (ELT) and manufacturing value-added products. The company was incorporated in the year 1987.

The company also manufactures shoes for established international shoe companies like Liverpool Shoe Company, Clark Shoes, British Bata, Kidderminster, Shoe Fayre, Bacons, L M International, all of the UK; CICIL Brothers and R Hannah Company etc.

Written By Zahal.

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