Tinna Rubber and Infrastructure

NSE: TINNARUBRBSE: 530475
Compare with peers
₹ 812.00▼ 8.3 (−1.01%)28 Oct, 03:29 pm IST
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.

  • 22 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −15.1% that day
    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.

    Filing
  • 15 Oct 2026UpdatesLow impactPositivePrice −0.4% on 16 Oct
    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.

    Filing
  • 7 Oct 2026General UpdatesLow impactPositivePrice −5.5% on 8 Oct
    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.

    Filing
  • 7 Oct 2026General UpdatesLow impactPositivePrice −5.5% on 8 Oct
    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.

    Filing

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
BBB
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CARECARE BBBStable9 Oct 2026
Credit rating actions
RatingDetails
9 Oct 2026
▲ Upgrade1 notch
CARE BBB- → CARE BBBMediumCARE₹ 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 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2026 and other business matters
20 Jul 2026Financial Results/Other business mattersBoard 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 2026Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026, dividend if any and other business matters
7 Feb 2026Financial Results/Other business mattersThe 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 2025Financial Results/Other business mattersTinna 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 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters

Share price

1M change −14.29%
1 of 3 filing days came with a big price moveBiggest −15.1% on 22 Oct 2026AI reading matched the move 0 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales93110136118123129130120139157156157
Expenses78871119810811110998117129122127
Operating Profit162225191518212122283429
OPM %17%20%18%16%12%14%16%18%16%18%22%19%
Other Income111223100111
Interest222332323333
Depreciation222223333344
Profit before tax132022161115161617232823
Tax %24%21%24%22%25%23%25%28%25%28%25%27%
Net Profit10161612812121213172117
EPS in Rs5.819.149.577.084.766.826.526.537.119.1811.429.46

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
0%
5 Years
33%
3 Years
22%
TTM
21%
Compounded Profit Growth
10 Years
34%
5 Years
238%
3 Years
36%
TTM
51%
Stock Price CAGR
10 Years
38%
5 Years
65%
3 Years
20%
TTM
—
Return on Equity
10 Years
16%
5 Years
27%
3 Years
28%
TTM
—

Shareholding

Latest: Sep 2026.

Promoters
67.21%
−0.37 pts in a year
FIIs
1%
+0.41 pts in a year
DIIs
3.09%
−2.75 pts in a year
Government
0.31%
0 pts in a year
Public
28.39%
+2.72 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 19.9xEPS (12 months) ₹ 37.16Median P/E 21.2x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Tinna Rubber and Infrastructure₹ 812.00₹ 1,339 Cr.19.9x4.5x22%—
Gujarat Fluorochemicals₹ 4,241.25₹ 47,986 Cr.77.4x5.8x7.7%11.5%
DCM Shriram₹ 962.10₹ 14,996 Cr.5.6x2.1x11.6%6%
Supreme Petrochem₹ 710.10₹ 13,338 Cr.38.7x5.5x14.3%6.1%
Shaily Engineering Plastics₹ 2,953.20₹ 13,594 Cr.75x17.7x26.9%17.2%
Styrenix Performance Materials₹ 1,944.00₹ 3,417 Cr.21.2x2.9x14.7%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

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