New Risk • Jul 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • Jul 21
First quarter 2027 earnings released: EPS: ₹11.42 (vs ₹6.84 in 1Q 2026) First quarter 2027 results: EPS: ₹11.42 (up from ₹6.84 in 1Q 2026). Revenue: ₹1.57b (up 20% from 1Q 2026). Net income: ₹205.7m (up 75% from 1Q 2026). Profit margin: 13% (up from 9.0% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 21
Tinna Rubber and Infrastructure Limited, Annual General Meeting, Sep 15, 2026 Tinna Rubber and Infrastructure Limited, Annual General Meeting, Sep 15, 2026. New Risk • Jul 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,186, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 204% over the past three years. Annuncio • Jul 09
Tinna Rubber and Infrastructure Limited to Report Q1, 2027 Results on Jul 20, 2026 Tinna Rubber and Infrastructure Limited announced that they will report Q1, 2027 results on Jul 20, 2026 Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Vaibhav Dange was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹29.68 (vs ₹28.23 in FY 2025) Full year 2026 results: EPS: ₹29.68 (up from ₹28.23 in FY 2025). Revenue: ₹5.48b (up 8.4% from FY 2025). Net income: ₹528.5m (up 9.3% from FY 2025). Profit margin: 9.6% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 14
Tinna Rubber and Infrastructure Limited to Report Q4, 2026 Results on May 22, 2026 Tinna Rubber and Infrastructure Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 22, 2026 Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹841, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 259% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹622, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 201% over the past three years. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Feb 09
Third quarter 2026 earnings released: EPS: ₹7.22 (vs ₹4.76 in 3Q 2025) Third quarter 2026 results: EPS: ₹7.22 (up from ₹4.76 in 3Q 2025). Revenue: ₹1.39b (up 14% from 3Q 2025). Net income: ₹128.1m (up 57% from 3Q 2025). Profit margin: 9.2% (up from 6.6% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 31
Tinna Rubber and Infrastructure Limited to Report Q3, 2026 Results on Feb 07, 2026 Tinna Rubber and Infrastructure Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 07, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹6.87 (vs ₹7.08 in 2Q 2025) Second quarter 2026 results: EPS: ₹6.87 (down from ₹7.08 in 2Q 2025). Revenue: ₹1.20b (up 1.8% from 2Q 2025). Net income: ₹117.7m (down 3.0% from 2Q 2025). Profit margin: 9.8% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 10
Tinna Rubber and Infrastructure Limited to Report Q2, 2026 Results on Nov 14, 2025 Tinna Rubber and Infrastructure Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹986, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 265% over the past three years. Annuncio • Sep 13
Tinna Rubber and Infrastructure Limited Approves Final Dividend for the Financial Year 2024-25 Tinna Rubber and Infrastructure Limited announced at the AGM held on September 12, 2025, approved final dividend of INR 4.00/- (40%) per equity share of face value of INR 10/- each for the financial year 2024-25. Upcoming Dividend • Aug 28
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 04 September 2025. Payment date: 12 October 2025. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Annuncio • Aug 07
Tinna Rubber and Infrastructure Limited, Annual General Meeting, Sep 12, 2025 Tinna Rubber and Infrastructure Limited, Annual General Meeting, Sep 12, 2025. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: ₹6.84 (vs ₹9.57 in 1Q 2025) First quarter 2026 results: EPS: ₹6.84 (down from ₹9.57 in 1Q 2025). Revenue: ₹1.31b (down 4.0% from 1Q 2025). Net income: ₹117.4m (down 28% from 1Q 2025). Profit margin: 9.0% (down from 12% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 01
Tinna Rubber and Infrastructure Limited to Report Q1, 2026 Results on Aug 06, 2025 Tinna Rubber and Infrastructure Limited announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: ₹28.23 (vs ₹23.52 in FY 2024) Full year 2025 results: EPS: ₹28.23 (up from ₹23.52 in FY 2024). Revenue: ₹5.05b (up 39% from FY 2024). Net income: ₹483.6m (up 20% from FY 2024). Profit margin: 9.6% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹28.23 (vs ₹23.52 in FY 2024) Full year 2025 results: EPS: ₹28.23 (up from ₹23.52 in FY 2024). Revenue: ₹5.10b (up 40% from FY 2024). Net income: ₹483.6m (up 20% from FY 2024). Profit margin: 9.5% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 19
Tinna Rubber and Infrastructure Limited to Report Q4, 2025 Results on May 23, 2025 Tinna Rubber and Infrastructure Limited announced that they will report Q4, 2025 results on May 23, 2025 Recent Insider Transactions • Feb 18
Chairman & MD recently bought ₹4.1m worth of stock On the 17th of February, Bhupinder Sekhri bought around 5k shares on-market at roughly ₹885 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Bhupinder has been a net seller over the last 12 months, reducing personal holdings by ₹212m. Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: ₹4.76 (vs ₹5.81 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.76 (down from ₹5.81 in 3Q 2024). Revenue: ₹1.23b (up 32% from 3Q 2024). Net income: ₹81.6m (down 18% from 3Q 2024). Profit margin: 6.6% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 111% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (44% accrual ratio). Minor Risks High level of debt (73% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹1,086, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 737% over the past three years. Annuncio • Jan 23
Tinna Rubber and Infrastructure Limited to Report Q3, 2025 Results on Feb 08, 2025 Tinna Rubber and Infrastructure Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Feb 08, 2025 Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹1,310, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 32x in the Chemicals industry in India. Total returns to shareholders of 2,102% over the past three years. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹7.08 (vs ₹4.45 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.08 (up from ₹4.45 in 2Q 2024). Revenue: ₹1.18b (up 48% from 2Q 2024). Net income: ₹121.3m (up 59% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 184% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 31
Tinna Rubber and Infrastructure Limited to Report Q2, 2025 Results on Nov 09, 2024 Tinna Rubber and Infrastructure Limited announced that they will report Q2, 2025 results on Nov 09, 2024 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹1,431, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 34x in the Chemicals industry in India. Total returns to shareholders of 2,432% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,698, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 2,714% over the past three years. Annuncio • Oct 06
Tinna Rubber and Infrastructure Limited Announces Cessation Ashok Kumar Sood as Independent Director Tinna Rubber and Infrastructure Limited at its Board of Directors held on September 26, 2024 announced that Mr. Ashok Kumar Sood (DIN: 05120752), ceased to be an Independent Director of the Company with effect from closing
hours of September 28, 2024 consequent to completion of his second term of Independent Director. Recent Insider Transactions • Aug 13
Chairman & MD recently sold ₹216m worth of stock On the 9th of August, Bhupinder Sekhri sold around 122k shares on-market at roughly ₹1,764 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Bhupinder's only on-market trade for the last 12 months. Upcoming Dividend • Jul 19
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 26 July 2024. Payment date: 01 September 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.7%). Annuncio • Jul 16
Tinna Rubber and Infrastructure Limited to Report Q1, 2025 Results on Aug 02, 2024 Tinna Rubber and Infrastructure Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • Jul 13
Full year 2024 earnings released: EPS: ₹23.52 (vs ₹12.73 in FY 2023) Full year 2024 results: EPS: ₹23.52 (up from ₹12.73 in FY 2023). Revenue: ₹3.63b (up 23% from FY 2023). Net income: ₹402.9m (up 85% from FY 2023). Profit margin: 11% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 251% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 04
Tinna Rubber and Infrastructure Limited, Annual General Meeting, Aug 02, 2024 Tinna Rubber and Infrastructure Limited, Annual General Meeting, Aug 02, 2024, at 11:00 Indian Standard Time. Buy Or Sell Opportunity • Jul 02
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 163% to ₹1,966. The fair value is estimated to be ₹1,547, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 171% to ₹1,883. The fair value is estimated to be ₹1,534, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹1,476, the stock trades at a trailing P/E ratio of 62.8x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 5,301% over the past three years. Buy Or Sell Opportunity • Jun 04
Now 21% undervalued Over the last 90 days, the stock has risen 71% to ₹1,193. The fair value is estimated to be ₹1,508, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹23.52 (vs ₹12.73 in FY 2023) Full year 2024 results: EPS: ₹23.52 (up from ₹12.73 in FY 2023). Revenue: ₹3.64b (up 23% from FY 2023). Net income: ₹402.9m (up 85% from FY 2023). Profit margin: 11% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 281% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,178, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 5,233% over the past three years. Annuncio • May 07
Tinna Rubber and Infrastructure Limited to Report Q4, 2024 Results on May 27, 2024 Tinna Rubber and Infrastructure Limited announced that they will report Q4, 2024 results on May 27, 2024 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹806, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 4,669% over the past three years. Annuncio • Feb 28
Tinna Rubber and Infrastructure Limited Announces Resignation of Vaibhav Pandey as Company Secretary and Compliance Officer Tinna Rubber and Infrastructure Limited announced that Mr. Vaibhav Pandey has conveyed his decision to resign from the post of Company Secretary and Compliance Officer, due to his personal reasons from the close of business hours on 28th February 2024. Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₹5.81 (vs ₹2.75 in 3Q 2023) Third quarter 2024 results: EPS: ₹5.81 (up from ₹2.75 in 3Q 2023). Revenue: ₹932.6m (up 24% from 3Q 2023). Net income: ₹99.6m (up 112% from 3Q 2023). Profit margin: 11% (up from 6.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 220% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹696, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 3,328% over the past three years. Annuncio • Jan 20
Tinna Rubber and Infrastructure Limited to Report Q3, 2024 Results on Jan 29, 2024 Tinna Rubber and Infrastructure Limited announced that they will report Q3, 2024 results on Jan 29, 2024 Annuncio • Dec 07
Tinna Rubber and Infrastructure Limited Announces the Resignation of Dinesh Kumar as Independent Director Tinna Rubber and Infrastructure Limited announced that Mr. Dinesh Kumar, an Independent Director of the Company, has resigned due to his Pre-Occupation and other personal commitment, effective from close of business hours of December 07, 2023. New Risk • Nov 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹544, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 6,612% over the past three years. Reported Earnings • Oct 21
Second quarter 2024 earnings released: EPS: ₹4.45 (vs ₹2.46 in 2Q 2023) Second quarter 2024 results: EPS: ₹4.45 (up from ₹2.46 in 2Q 2023). Revenue: ₹798.5m (up 22% from 2Q 2023). Net income: ₹76.2m (up 81% from 2Q 2023). Profit margin: 9.5% (up from 6.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 281% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 05
Tinna Rubber and Infrastructure Limited to Report Q2, 2024 Results on Oct 20, 2023 Tinna Rubber and Infrastructure Limited announced that they will report Q2, 2024 results on Oct 20, 2023 Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹470, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 6,478% over the past three years. Annuncio • Aug 26
Tinna Rubber and Infrastructure Limited Appoints Mr. Subodh Kumar Sharma as Director Tinna Rubber and Infrastructure Limited announced that at its AGM held on August 24, 2023, shareholders approved the appointment of Mr. Subodh Kumar Sharma as a director of the company. Upcoming Dividend • Aug 09
Upcoming dividend of ₹5.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 16 August 2023. Payment date: 23 September 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.9%). Annuncio • Aug 04
Tinna Rubber and Infrastructure Limited, Annual General Meeting, Aug 24, 2023 Tinna Rubber and Infrastructure Limited, Annual General Meeting, Aug 24, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company (including Audited Consolidated Financial Statements) for the Financial Year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon; to declare dividend on equity shares for the financial year 2022-23; to appoint a Director in place of Mr. Subodh Kumar Sharma, who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment; and to consider other matters. Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: ₹8.23 (vs ₹7.17 in 1Q 2023) First quarter 2024 results: EPS: ₹8.23 (up from ₹7.17 in 1Q 2023). Revenue: ₹808.7m (down 1.5% from 1Q 2023). Net income: ₹70.5m (up 15% from 1Q 2023). Profit margin: 8.7% (up from 7.5% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has increased by 224% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks High level of debt (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹6.06b market cap, or US$73.4m). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹603, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 2,880% over the past three years. Annuncio • Jul 06
Tinna Rubber and Infrastructure Limited to Report Q1, 2024 Results on Jul 29, 2023 Tinna Rubber and Infrastructure Limited announced that they will report Q1, 2024 results on Jul 29, 2023 Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹25.45 (vs ₹19.73 in FY 2022) Full year 2023 results: EPS: ₹25.45 (up from ₹19.73 in FY 2022). Revenue: ₹3.02b (up 27% from FY 2022). Net income: ₹218.0m (up 29% from FY 2022). Profit margin: 7.2% (up from 7.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has increased by 236% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 25
Tinna Rubber and Infrastructure Limited Recommends Dividend for the Year Ended 31 March 2023 Board of Directors of Tinna Rubber and Infrastructure Limited held on 24 May,2023, has, inter alia, The Board has recommended dividend of INR 5/- Per Equity Shares of face value of INR 10/- each (i.e. 50%) for the year ended 31st March 2023, subject to approval of shareholders in theensuing Annual General Meeting (AGM) of the company. The record date will be intimated in due course of time. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹566, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 4,090% over the past three years. Annuncio • Feb 09
Tinna Rubber and Infrastructure Limited Decides to Merge Operations of Kala-Amb Unit into Panipat Unit Tinna Rubber and Infrastructure Limited informed that for optimum use of resources the company has decided to merge operations of Kala-Amb Unit into Panipat Unit. The entire workforce affected by this move is being relocated to other plant location or paid as per Industrial Dispute Act, 1947 along with all other statutory dues. The primary objective of this action is to harvest benefits of economies of scale by curtailing overall expenditure simultaneously increasing capacity utilization. The Plant and machinery of Kala Amb Unit shall be relocated to Panipat Plant. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹5.49 (vs ₹4.83 in 3Q 2022) Third quarter 2023 results: EPS: ₹5.49 (up from ₹4.83 in 3Q 2022). Revenue: ₹768.8m (up 11% from 3Q 2022). Net income: ₹47.0m (up 14% from 3Q 2022). Profit margin: 6.1% (up from 6.0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has increased by 168% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 18
Tinna Rubber and Infrastructure Limited (BSE:530475) entered into Shareholder Agreement to acquire 99.00% stake in Global Recycler LLC for Rs 50 million. Tinna Rubber and Infrastructure Limited (BSE:530475) entered into Shareholder Agreement to acquire 99.00% stake in Global Recycler LLC for Rs 50 million on January 17, 2023. All requisites approval have been taken in consonance with Indian Regulations/Oman Laws. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₹475, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 2,284% over the past three years. Annuncio • Dec 05
Tinna Rubber and Infrastructure Limited Appoints Shri Gaurav Sekhri as Joint Managing Director Tinna Rubber and Infrastructure Limited announced that at its Extra Ordinary General Meeting held on December 5, 2022, approved the appointment of Shri Gaurav Sekhri as Joint Managing Director. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹455, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 2,182% over the past three years. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: ₹4.91 (vs ₹4.82 in 2Q 2022) Second quarter 2023 results: EPS: ₹4.91 (up from ₹4.82 in 2Q 2022). Revenue: ₹659.4m (up 21% from 2Q 2022). Net income: ₹42.0m (up 1.8% from 2Q 2022). Profit margin: 6.4% (down from 7.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has increased by 197% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 26% share price gain to ₹658, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 3,831% over the past three years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 34% share price gain to ₹449, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 1,966% over the past three years. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: ₹7.17 (vs ₹4.31 in 1Q 2022) First quarter 2023 results: EPS: ₹7.17 (up from ₹4.31 in 1Q 2022). Revenue: ₹826.9m (up 68% from 1Q 2022). Net income: ₹61.4m (up 66% from 1Q 2022). Profit margin: 7.4% (down from 7.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has increased by 152% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 20% share price gain to ₹390, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 17x in the Chemicals industry in India. Total returns to shareholders of 1,785% over the past three years. Upcoming Dividend • Jun 14
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 21 June 2022. Payment date: 30 July 2022. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.8%). Reported Earnings • Jun 11
Full year 2022 earnings released Full year 2022 results: Net income: ₹169.0m (up ₹170.4m from FY 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 26
Tinna Rubber and Infrastructure Limited Recommends Dividend for the Year Ended 31 March 2022 Tinna Rubber and Infrastructure Limited at its board meeting held on May 25, 2022 recommended dividend of INR 4 Per Equity Shares for the year ended 31st March 2022, subject to approval of shareholders in the upcoming Annual General Meeting of the company. The record date will be intimated in due course of time. Annuncio • May 14
Tinna Rubber and Infrastructure Limited to Report Q4, 2022 Results on May 25, 2022 Tinna Rubber and Infrastructure Limited announced that they will report Q4, 2022 results on May 25, 2022 Buying Opportunity • Apr 29
Now 20% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be ₹460, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 23% share price gain to ₹303, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 638% over the past three years. Reported Earnings • Jan 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹4.83 (up from ₹1.77 in 3Q 2021). Revenue: ₹691.9m (up 83% from 3Q 2021). Net income: ₹41.3m (up 173% from 3Q 2021). Profit margin: 6.0% (up from 4.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 90% per year whereas the company’s share price has increased by 88% per year. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 20% share price gain to ₹212, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 376% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 16% share price gain to ₹150, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 267% over the past three years. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Director Gaurav Sekhri was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 21
Second quarter 2022 earnings released: EPS ₹4.82 (vs ₹0.16 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹551.4m (up 78% from 2Q 2021). Net income: ₹41.3m (up ₹39.9m from 2Q 2021). Profit margin: 7.5% (up from 0.4% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₹104, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 97% over the past three years. Executive Departure • Sep 23
Non-Executive Independent Director Rajender Indoria has left the company On the 12th of September, Rajender Indoria's tenure as Non-Executive Independent Director ended after 5.6 years in the role. We don't have any record of a personal shareholding under Rajender's name. A total of 2 executives have left over the last 12 months. Executive Departure • Sep 23
Non-Executive Independent Director Vivek Kohli has left the company On the 18th of September, Vivek Kohli's tenure as Non-Executive Independent Director ended after 9.5 years in the role. We don't have any record of a personal shareholding under Vivek's name. A total of 2 executives have left over the last 12 months.