Tinna Rubber and Infrastructure
- Market cap
- ₹ 1,339 Cr.
- P/E
- 19.9x
- P/B
- 4.47x
- 52-week range
- 527.45 – 1,322
- ROE
- 22%
- ROCE
- 22%
- Dividend yield
- 0.4%
- Debt / equity
- 0.43
- Sector
- Industrial Products
- Industry
- Rubber
- Listed on
- NSE, BSE
About
Tinna Rubber and Infrastructure Limited is an India-based end-of-life tire (ELT) material recycler. The Company is primarily engaged in the recycling of waste tires/ELT and the manufacturing of value-added products. The Company is engaged in manufacturing crumb rubber, crumb rubber modifier (CRM), crumb rubber modified bitumen (CRMB), polymer modified bitumen (PMB), bitumen emulsion, reclaimed rubber/ultrafine crumb rubber compound, high carbon steel shot, high carbon steel grit, high carbon cut wire shot (polished), and high carbon cut wire shot (conditioned), among others. Its products are used in road construction and repair, tire manufacturing, and the automotive parts industry. The Company’s manufacturing units are located in Panipat (Haryana), Wada (Maharashtra), Haldia (West Bengal), Gummidipundi (Tamil Nadu), and Kala Amb (Himachal Pradesh). Its subsidiaries include Global Recycle LLC and Tinna Rubber B.V.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Rubber: 14 companies →Tinna Rubber and Infrastructure against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)19.9 against a typical 22.1: cheaper than most peers (1st = cheapest).6th of 14
- Sales growth+30.8% against a typical +27.2% from a year earlier.5th of 12
- Profit growth+41.7% against a typical +44.4% from a year earlier.7th of 11
- Share price, 3 months−25.5% against a typical −11.5%.12th of 14
- Size₹ 1,338.9 Cr. market value against a typical ₹ 269.7 Cr. (1st = largest).3rd of 14
Latest announcements
Exchange filings and their impact on the company.
- Strong Q2 with 31% revenue and 45% profit growth keeps full-year on track for double-digit growth.
Tinna Rubber reported strong Q2 FY27 results with consolidated revenue of Rs 156.6 crore, up 31% from last year, and net profit of Rs 17 crore, up about 45%. For the first half, revenue was Rs 312.8 crore and net profit was Rs 37.7 crore, up 60% year-on-year, backed by strong operating cash flow of Rs 66.6 crore. The auditor highlighted that the company's curative petition on its Panipat plant land was dismissed, but management said it expects no material impact while it seeks compensation or relocation.
- Tinna registers 19 of 40 acres in Andhra for future integrated recycling complex; no near-term earnings impact.
Tinna Rubber has completed registration of 19 acres out of a 40-acre land parcel in Andhra Pradesh. The land is for a planned fully integrated complex for tyre recycling, plastic recycling, pyrolysis and recovered carbon black as part of its long-term expansion strategy. This is an early-stage milestone with cash outflow for land and development but no sales contribution expected in the next 12 months.
- Tinna Rubber sets up Chile wholly-owned subsidiary, a small first step toward overseas expansion.
Tinna Rubber and Infrastructure has made an initial investment to set up Tinna Rubber Chile SpA in Santiago, Chile as a wholly owned subsidiary. No investment amount or business plan details were disclosed in the filing extract. It marks a first overseas footprint that is unlikely to move revenue or profit materially in the next 12 months beyond small setup costs.
- Tinna remitted Rs 3.9 cr as second tranche loan to its South Africa JV.
Tinna Rubber and Infrastructure has remitted the second tranche of USD 400,000, about Rs 3.86 crore, as a loan to Mbodla Investments (Pty) Ltd in South Africa, its joint venture. This follows an earlier disclosure on August 8, 2026. The amount is small versus its Rs 572 crore sales and Rs 300 crore net worth, so it is a minor growth investment to support the South Africa venture.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BBB | Stable | 9 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Oct 2026 | ▲ Upgrade1 notch | CARE BBB- → CARE BBB | Medium | CARE | ₹ 237.76 Cr. | |
| 13 Oct 2025 | Withdrawn | was CARE BBB- | — | CARE | ₹ 155.23 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 22 Oct 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 20 Jul 2026 | Financial Results/Other business matters | Board meeting is scheduled to be held on Monday, July 20, 2026, to consider and approve (i) the un-audited financial results for the period ended Jun 30, 2026; and (ii) other business matters |
| 22 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend if any and other business matters |
| 7 Feb 2026 | Financial Results/Other business matters | The Board of Directors meeting of Tinna Rubber And Infrastructure Limited is scheduled to be held on Saturday, February 07, 2026, inter alia, to consider and approve 1) Un-audited Standalone and Consolidated Financial Results of the Company for the third quarter and nine month period ended on December 31, 2025, along with Limited Review Report of Statutory Auditors thereon; and 2) Any other matter |
| 14 Nov 2025 | Financial Results/Other business matters | Tinna Rubber And Infrastructure Ltd has informed that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, November 14, 2025, inter alia, to consider and approve 1) Un-audited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended on September 30, 2025, along with Limited Review Report of Statutory Auditors thereon; and 2) Any other matter |
| 6 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 93 | 110 | 136 | 118 | 123 | 129 | 130 | 120 | 139 | 157 | 156 | 157 |
| Expenses | 78 | 87 | 111 | 98 | 108 | 111 | 109 | 98 | 117 | 129 | 122 | 127 |
| Operating Profit | 16 | 22 | 25 | 19 | 15 | 18 | 21 | 21 | 22 | 28 | 34 | 29 |
| OPM % | 17% | 20% | 18% | 16% | 12% | 14% | 16% | 18% | 16% | 18% | 22% | 19% |
| Other Income | 1 | 1 | 1 | 2 | 2 | 3 | 1 | 0 | 0 | 1 | 1 | 1 |
| Interest | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 2 | 3 | 3 | 3 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| Profit before tax | 13 | 20 | 22 | 16 | 11 | 15 | 16 | 16 | 17 | 23 | 28 | 23 |
| Tax % | 24% | 21% | 24% | 22% | 25% | 23% | 25% | 28% | 25% | 28% | 25% | 27% |
| Net Profit | 10 | 16 | 16 | 12 | 8 | 12 | 12 | 12 | 13 | 17 | 21 | 17 |
| EPS in Rs | 5.81 | 9.14 | 9.57 | 7.08 | 4.76 | 6.82 | 6.52 | 6.53 | 7.11 | 9.18 | 11.42 | 9.46 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 0%
- 5 Years
- 33%
- 3 Years
- 22%
- TTM
- 21%
- 10 Years
- 34%
- 5 Years
- 238%
- 3 Years
- 36%
- TTM
- 51%
- 10 Years
- 38%
- 5 Years
- 65%
- 3 Years
- 20%
- TTM
- —
- 10 Years
- 16%
- 5 Years
- 27%
- 3 Years
- 28%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Tinna Rubber and Infrastructure | ₹ 812.00 | ₹ 1,339 Cr. | 19.9x | 4.5x | 22% | — |
| Gujarat Fluorochemicals | ₹ 4,241.25 | ₹ 47,986 Cr. | 77.4x | 5.8x | 7.7% | 11.5% |
| DCM Shriram | ₹ 962.10 | ₹ 14,996 Cr. | 5.6x | 2.1x | 11.6% | 6% |
| Supreme Petrochem | ₹ 710.10 | ₹ 13,338 Cr. | 38.7x | 5.5x | 14.3% | 6.1% |
| Shaily Engineering Plastics | ₹ 2,953.20 | ₹ 13,594 Cr. | 75x | 17.7x | 26.9% | 17.2% |
| Styrenix Performance Materials | ₹ 1,944.00 | ₹ 3,417 Cr. | 21.2x | 2.9x | 14.7% | 5.4% |
Management
- Bhupinder Kumar Sekhri
- Executive Non Independent Chairman of the Board, Managing Director
- Abhay Kumar
- Chief Financial Officer
- Sanjay Banati
- Vice President - Sales and Marketing
- Gautam Sekhri
- Vice President
- Anurup Arora
- Vice President - Business Development
- Shobha Sekhri
- Vice President - Business Development
- Gaurav Sekhri
- Joint Managing Director
- Raj Krishan Gupta
- General Manager - HR and Administration
Prices are delayed and for information only. Nothing on this page is investment advice.