Tolins Tyres Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Tyre: 100.0%
AI Sector View
AI GENERATEDAutomobile and Auto Components
Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.
PROS
- Company is almost debt free
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.1%
- Operating margins have improved to 17.4% from 6.3%
- Company comfortably covers its interest (7.5x coverage)
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 42.6% versus prior year
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.31x)
- Equity base is being diluted - shares outstanding up 1311.0%
- Working capital days have increased from 68 to 368 days
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MRF | 128476.05 | 22.56 | 54488.53 | 0.18 | 495.35 | -1.02 | 8415.50 | 9.64 | 16.04 | 11.77 |
| BALKRISIND | 2208.00 | 30.37 | 42684.44 | 0.72 | 450.77 | 56.35 | 3455.27 | 25.19 | 12.38 | 21.54 |
| APOLLOTYRE | 421.95 | 15.69 | 26798.08 | 1.42 | 348.87 | 2609.05 | 7397.79 | 12.76 | 9.22 | 11.73 |
| CEATLTD | 3294.00 | 22.60 | 13324.26 | 1.06 | 4.00 | -96.44 | 4318.00 | 22.34 | 18.60 | 8.57 |
| JKTYRE | 356.50 | 15.78 | 10277.52 | 1.12 | 44.09 | -73.01 | 3946.24 | 2.00 | 14.30 | 6.58 |
| TVSSRICHAK | 5174.45 | 42.89 | 3962.10 | 0.73 | 34.02 | 165.16 | 1067.61 | 30.29 | 4.80 | 7.57 |
| GOODYEAR | 729.20 | 31.21 | 1682.01 | 3.63 | 6.51 | -53.86 | 774.35 | 18.00 | 14.67 | 1.30 |
| TOLINS | 91.03 | 11.04 | 359.65 | 0.00 | 6.19 | -33.46 | 79.27 | -11.67 | 21.30 | 11.24 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 39 | 40 | 45 | 48 | 50 | 42 | 39 | 63 | 45 | 68 | 46 | 46 | |
| 28 | 32 | 32 | 38 | 38 | 40 | 36 | 33 | 57 | 41 | 59 | 41 | 41 | |
| Operating Profit | 6 | 7 | 8 | 7 | 9 | 10 | 6 | 6 | 7 | 3 | 9 | 5 | 4 |
| OPM % | 16.77% | 18.74% | 19.60% | 14.99% | 19.75% | 19.63% | 13.51% | 14.59% | 10.62% | 7.22% | 12.53% | 10.05% | 8.90% |
| 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 3 | 5 | 6 | 5 | 7 | 8 | 6 | 6 | 6 | 3 | 7 | 4 | 4 |
| Tax % | 32.27% | 9.11% | 45.19% | 19.74% | 25.17% | 25.10% | 15.78% | 29.59% | 25.04% | 24.00% | 25.84% | 32.14% | 25.09% |
| Net Profit | 2 | 4 | 3 | 4 | 5 | 6 | 5 | 4 | 5 | 2 | 5 | 3 | 3 |
| 0.79 | 1.49 | 1.19 | 1.34 | 1.57 | 1.43 | 1.78 | 1.22 | 1.33 | 0.57 | 1.36 | 0.67 | 0.79 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 106 | 113 | 118 | 157 | 178 | 204 | |
| 100 | 107 | 106 | 130 | 147 | 183 | |
| Operating Profit | 6 | 6 | 12 | 28 | 31 | 20 |
| OPM % | 5.34% | 5.39% | 10.41% | 17.49% | 17.40% | 10.00% |
| 1 | 1 | 1 | 2 | 3 | 1 | |
| Interest | 4 | 4 | 5 | 8 | 4 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 |
| Profit before Tax | 1 | 1 | 7 | 19 | 27 | 18 |
| Tax % | 15.75% | 26.11% | 28.96% | 27.33% | 23.95% | 26.72% |
| Net Profit | 1 | 1 | 5 | 14 | 21 | 13 |
| EPS | 0.43 | 0.35 | 2.55 | 4.45 | 5.26 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 220%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -48%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 17%
- 3 Years:
- 23%
- Last Year:
- 11%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 5 | 15 | 20 |
| 9 | 9 | 14 | 73 | 274 | |
| 44 | 46 | 45 | 59 | 1 | |
| Trade Payables | 31 | 39 | 13 | 20 | 9 |
| 4 | 4 | 6 | 9 | 8 | |
| Total Liabilities | 88 | 99 | 84 | 176 | 312 |
| 13 | 12 | 19 | 21 | 23 | |
| Capital Work in Progress | 7 | 8 | 0 | 5 | 5 |
| 0 | 0 | 0 | 40 | 64 | |
| 14 | 23 | 37 | 68 | 81 | |
| 0 | 0 | 0 | 34 | 57 | |
| Cash & Bank | 1 | 1 | 1 | 1 | 55 |
| 53 | 55 | 27 | 7 | 27 | |
| Total Assets | 88 | 99 | 84 | 176 | 312 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -1 | 3 | 2 | -12 | -41 | |
| Cash from Investing | -9 | -3 | 0 | -49 | -52 |
| Cash from Financing | 11 | 0 | -2 | 62 | 120 |
| 0 | 0 | -0 | 0 | 27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-05 - Tolins Tyres Limited has informed the Exchange about Copy of Newspaper Publication of 23rd AGM Notice
2026-09-04 - Tolins Tyres Limited has informed the Exchange regarding 'Web Link for Annual report'.
2026-09-04 - Tolins Tyres Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026
2026-08-29 - Tolins Tyres Limited has informed the Exchange regarding Outcome of Board Meeting held on August 29, 2026.
2026-08-24 - Tolins Tyres Limited has informed the Exchange regarding a press release dated August 24, 2026, titled "commencement of construction of a new Reclaim Rubber manufacturing facility by Wholly owned Subsidiary".
2026-08-14 - Tolins Tyres Limited has informed the Exchange about Copy of Newspaper Publication of financial results for the quarter ended June 30, 2026
2026-08-12 - Tolins Tyres Limited has informed the Exchange about General Updates on Investor presentation for the quarter ended June 30, 2026
2026-08-12 - Tolins Tyres Limited has informed the Exchange regarding a press release dated August 12, 2026, titled "Press release on financial results for the quarter ended June 30, 2026".
2026-08-12 - Tolins Tyres Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
News
Recent coverage and analyst commentary for TOLINS
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