Tinna Rubber Q4 & FY26 Investor Presentation: Revenue Up 8% to ₹546 Cr, PAT ₹53 Cr
Tinna Rubber's Q4 & FY26 investor presentation shows consolidated revenue grew 8% to ₹546 Cr, with PAT at ₹53 Cr. Tyre crushing capacity increased 9% to 185,000 TPA, and volumes rose 13%. The company completed ₹107 Cr capex in FY26 and plans more. It secured a ₹75.79 Cr contract from Indian Oil. Debt reduced by 10% to ₹121 Cr.
The announcement provides a comprehensive update on financial performance and operational progress. While positive, it does not contain a single, overwhelmingly significant event like a major acquisition or a substantial profit surge that would warrant a 'HIGH' impact. The improvements are steady and strategic.
The company has reported an increase in revenue and improved margins. Key operational metrics like tyre crushing capacity and volumes have shown growth. Strategic initiatives like capacity expansion, new projects, and securing new contracts indicate a positive outlook.
Tinna Rubber and Infrastructure Limited has released its Investor & Earnings Presentation for the fourth quarter and financial year ended March 31, 2026 (Q4 & FY26).
At the consolidated level, FY26 revenues increased by 8% to ₹546 crore from ₹505 crore in FY25. EBITDA and PAT margins improved by approximately 206 bps and 11 bps, respectively. The company reported a Profit After Tax (PAT) of ₹53 crore for FY26, an increase from ₹48 crore in the previous year. Standalone revenues increased by 6%, with EBITDA and PAT margins expanding by approximately 286 bps and 161 bps respectively.
Operational highlights for FY26 include a 15% increase in tyre crushing volumes to 155,000 TPA, driven by a 9% capacity expansion to 185,000 TPA. Crumb rubber production increased by 15%, with a higher proportion utilized for value addition towards Micronized Rubber Powder (MRP) and Reclaimed Rubber (RR). Production volumes for MRP increased by 34%, RR by 19%, and Crumb Rubber Modifier (CRM) by 50%. The company plans to expand MRP capacity by 3,500 TPA, with expansion expected by Q3FY27. The Polymer Composite & Masterbatch (PCMB) business, currently at 40% capacity utilization, contributed 4% to FY26 turnover and targets 8-10% in FY27. The company also commissioned a PP recycled compounding facility and is expanding PCMB capacity to 18,000 MTPA, with a new facility targeted for Q1FY27.
Strategically, Tinna completed INR 107 crore of Capex in FY26 and plans an additional ~INR 100 crore over FY27 and FY28. The company raised approximately INR 78.7 crore through a QIP in Q1FY26. Tinna received a two-year contract from Indian Oil Corporation Limited in January 2026 for the supply of Crumb Rubber Modifier, valued at approximately ₹75.79 crores. Starting FY27, approximately 50% of power requirements will be met through renewable sources. The company has also commenced operations of its recovered carbon black (rCB) and Tyre Pyrolysis Oil (TPO) plants. Tinna has qualified for incentives as a large-scale industry in Maharashtra, potentially receiving grants of approx. ₹22-24 crore over six years.
Internationally, the Oman facility contributed approximately INR 30 crore in FY26 revenue. Phase 1 capex in South Africa is complete, with operations begun and export of semi-processed material started; Phase 2, focusing on full-scale tyre recycling, has been initiated, with crumb rubber production expected by Q1 FY27. Plans for a tyre recycling plant in Saudi Arabia are outlined, with construction expected to begin mid-FY27, subject to geopolitical stability.
The company's balance sheet strength improved, with debt declining 10% to ₹121 crore in FY26. The interest coverage ratio increased to 7.49x, and the net debt-to-equity ratio improved to 0.39x.
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Tinna Rubber and Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Tinna Rubber and Infrastructure Limited. Read the original for the full detail.