Tolins Tyres Ltd.

•

tolinstyres.comBSE: 544254NSE: TOLINS

Market Cap₹ 360 Cr.

Current Price

High / Low₹ 202 / 83

Stock P/E27.0

Book Value₹ 79

Price to Book1.55

Dividend Yield0.00 %

ROCE14.2 %

ROE10.9 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Tyre: 100.0%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

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.

Confidence

74%

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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

Automobile and Auto ComponentsAutomobile & AncillariesTyres & Allied

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MRF	128476.05	22.56	54488.53	0.18	495.35	-1.02	8415.50	9.64	16.04	11.77
2.	BALKRISIND	2208.00	30.37	42684.44	0.72	450.77	56.35	3455.27	25.19	12.38	21.54
3.	APOLLOTYRE	421.95	15.69	26798.08	1.42	348.87	2609.05	7397.79	12.76	9.22	11.73
4.	CEATLTD	3294.00	22.60	13324.26	1.06	4.00	-96.44	4318.00	22.34	18.60	8.57
5.	JKTYRE	356.50	15.78	10277.52	1.12	44.09	-73.01	3946.24	2.00	14.30	6.58
6.	TVSSRICHAK	5174.45	42.89	3962.10	0.73	34.02	165.16	1067.61	30.29	4.80	7.57
7.	GOODYEAR	729.20	31.21	1682.01	3.63	6.51	-53.86	774.35	18.00	14.67	1.30
8.	TOLINS	91.03	11.04	359.65	0.00	6.19	-33.46	79.27	-11.67	21.30	11.24

Detailed Comparison with:

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

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.53	68.53	68.53	68.53	68.53	68.53	68.53	68.53
	5.41	3.11	0.75	0.39	0.05	0.18	0.27	0.00
	2.15	1.63	1.70	2.18	1.90	2.25	1.78	1.44
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	23.91	26.74	29.02	28.90	29.52	29.04	29.42	30.04

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Tolins Tyres Limited has informed the Exchange about Copy of Newspaper Publication of 23rd AGM Notice

2026-09-04

Updates

2026-09-04 - Tolins Tyres Limited has informed the Exchange regarding 'Web Link for Annual report'.

2026-09-04

Shareholders meeting

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

Outcome of Board Meeting

2026-08-29 - Tolins Tyres Limited has informed the Exchange regarding Outcome of Board Meeting held on August 29, 2026.

2026-08-24

Press Release

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

Copy of Newspaper Publication

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

General Updates

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

Press Release

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

Statement of deviation(s) or variation(s) under Reg. 32

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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Tolins Tyres Ltd.

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Free 5nance Account

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

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

Operating Profit

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%

Interest

Depreciation

Profit before Tax

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

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

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

OPM %

5.34%

5.39%

10.41%

17.49%

17.40%

10.00%

Interest

Depreciation

Profit before Tax

Tax %

15.75%

26.11%

28.96%

27.33%

23.95%

26.72%

Net Profit

EPS

0.43

0.35

2.55

4.45

5.26

—

Dividend Payout %

0.00%

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

274

Trade Payables

Total Liabilities

176

312

Capital Work in Progress

Cash & Bank

Total Assets

176

312

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-1

-12

-41

Cash from Investing

-9

-3

-49

-52

Cash from Financing

-2

120

-0

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

68.53

5.41

3.11

0.75

0.39

0.05

0.18

0.27

0.00

2.15

1.63

1.70

2.18

1.90

2.25

1.78

1.44

Government

0.00

23.91

26.74

29.02

28.90

29.52

29.04

29.42

30.04

Tolins Tyres Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Tolins Tyres Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI