Tinna Rubber & Infrastructure Limited · NSE:TINNARUBR
Tinna Rubber & Infrastructure — Q4 FY2025 Earnings Presentation
44 slides from Tinna Rubber & Infrastructure's earnings presentation, May 25, 2025
Slide 1: Exchange filing cover letter for investor presentation
Date: May 25, 2025 To, To, To, Listing Department Listing Department Listing Department BSE Limited National Stock Exchange of India Limited The Calcutta Stock Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C-1, Exchange Limited Dalal Street, Mumbai- Block G, Bandra Kurla Complex, Ba
Slide 2: Investor & Earnings Presentation Q4/FY2025
Tinna Rubber and Infrastructure Limited Investor & Earnings Presentation Q4/FY2025 Crumb Rubber Gym Conveyor Rubber Tiles Rubber Moulded Tyres Belt Mat Infill Goods
Slide 3: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 4: Table of Contents
Table of Contents Performance Highlights – 01 Q4/FY25 02 Company Overview Key Investment Highlights Annexures 03 04
Slide 5: Performance Highlights Q4 & FY25
Performance Highlights Q4&FY25
Slide 6: Strong Financial Performance: Key Drivers
Strong Financial Performance: Key Drivers Robust Revenue Growth Management Commentary for FY25 5,053 Consistent upward trajectory with a 3-year CAGR of 30% 2,954 3,630 01 in revenue, 27% in EBITDA, and 42% in PAT. 2,292 FY22 FY23 FY24 FY25 Revenue grew by a robust 39%, successfully meeting the 02 gu
Slide 7: Key Operational Performance
Key Operational Performance Quarterly Performance Annual Performance Volume of Tyres Processed (MT) Tyre Crushing Capacity (MT) Volume of Tyres Processed (MT) 250,000 134,000 34,995 30,665 30,286 200,000 185,000 99,280 73,395 100,000 80,000 72,000 Q4FY24 Q3FY25 Q4FY25 FY22 FY23 FY24 FY25 FY26E FY27E
Slide 8: Q4 & FY25 Standalone Financial Highlights
Q4 & FY25 - Standalone Financial Highlights Revenue from Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) EBITDA EBITDA Margin PAT PAT Margin (%) Quarterly Results 19.2% 12.8% 13.2% 8.1% 11.5% 1,288 5.7% 1,231 1,099 211 170 141 142 70 104 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3
Slide 9: Q4 & FY25 Consolidated Financial Highlights
Q4 & FY25 - Consolidated Financial Highlights EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) EBITDA EBITDA Margin PAT PAT Margin (%) Quarterly Results 20.4% 14.3% 13.6% 12.1% 9.1% 6.6% 224 175 148 157 82 117 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25 EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) E
Slide 10: Healthy Financial Ratios Highlight Robust Fundamentals
Healthy Financial Ratios Highlight Robust Fundamentals ROCE (%) ROE (%) Working Capital Days Receivable Days Inventory Days Payable Days 31.53% 27.14% 62 62 40 42 30.84% 26.09% 21.83% 22.71% 52 51 47 44 46 41 40 18.17% 18.29% 34 34 27 30 30 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
Slide 11: Yearly Key Segment Performance – Infrastructure & Industrial
Yearly Key Segment Performance – Infrastructure & Industrial Infrastructure Segment (INR Mn) o FY25 experienced significant volume growth of 21% and revenue growth of 18% 2,220 o Significant 75% volume growth in CRMB Processing. 1,878 o Bitumen emulsion business volume has grown 50% in FY25 o Minist
Slide 12: Yearly Key Segment Performance – Consumer & Steel
Yearly Key Segment Performance – Consumer & Steel Consumer Segment (INR Mn) o Consumer Segment experienced strong volume growth of 58% and revenue growth of 55% in FY25 340 220 o Sales to Consumer Segment is growing and will remain our focus area for better capacity utilization at Varale, Maharashtr
Slide 13: Key Q4 & FY25 Strategic Highlights
Key Q4 & FY25 Strategic Highlights Strategic Highlights With its NSE listing in April 2025, Tinna has taken a major step forward in strengthening its 01 presence in India’s capital markets, complementing its existing BSE listing. 02 In FY25, Tinna has accrued EPR Credits worth of INR 296 Million. Re
Slide 14: Key Q4 & FY25 Operational Highlights
Key Q4 & FY25 Operational Highlights Operational Highlights Tyre recycling capacity increased by 85% to 1,85,000 TPA, exceeding the FY25 target of 01 1,50,000 TPA. 02 Tyre Crushing Volume has increased by 35% in FY25 compared to FY24. 03 Tinna added 10,000 TPA of TBR Recycling capacity in its existi
Slide 15: Update on Capex
Update on Capex In FY25 planned capex of INR 500 Mn approx has 01 been completed and was completely aligned with the guidance. Going forward Capex of approx INR 1,000 Mn is 02 planned in next 2 years 14
Slide 16: Update on International Projects
Update on International Projects o Tinna has signed a JV agreement with, a South African JV partner for investment in Mbodla Investment Pty Ltd. o The JV has received permission to export 24,000 ELT from South Africa to India o For first phase activity JV company has started building the plant infra
Slide 17: Update on Projects initiated in FY25
Update on Projects initiated in FY25
Slide 18: Varale Plant - Progress and milestones
Varale Plant - Progress and milestones o Tinna has made a capex of INR 44 crores to establish a state-of-the-art Tyre recycling plant in Varale, Maharashtra , having capacity to recycle 60,000 MT of car tyres o The plant commenced production in February 2024 o Tinna has further added capacity to rec
Slide 19: Polymer Compounding Solutions - Progress and milestones
Polymer Compounding Solutions - Progress and milestones o In FY25, Tinna has done extensive R&D on product development and have started sales during H2 FY 25. o Tinna started production under product categories like Recycled Engineered Plastics & Master batch which has contributed 1% to the total to
Slide 20: Vision 2028
Vision Vision2028 2028 Locations - Profitability Growth (3 Years CAGR) - o Current (FY25) : 6 o Current (FY25) : 42% o Vision 2028 : 10 o Vision 2028 : 33%+ Revenue (3 Years CAGR) - EBITDA Margin - o Current (FY25) : 30% o Current (FY25) : 15% o Vision 2028 : 25%+ o Vision 2028 : 18%+ Revenue - ROCE
Slide 21: Company Overview
Company Overview
Slide 22: One of the largest recyclers of ELTs in India
One of the largest recyclers of ELTs in India Market Leadership Industry Experience Diverse Product Portfolio Integrated Operations One of the largest recyclers 45+ Years of Industry One of the most diverse product Fully Integrated operations of ELTs in India Experience; Founded in 1977 portfolios g
Slide 23: Waste to Wealth – 400% Value Addition to Waste
Waste to Wealth – 400% Value Addition to Waste Automobile Rubber Parts 80, 120, 140, 170 RUBBER MESH (MRP) Conveyor Belts Reclaim Rubber Roads 30/40 MESH End of CRUMB RUBBER MODIFIER Sports CRMB Turfs Life Tyres (CRM) for road top layer CRM + Bitumen (ELT) application Gym Tiles STEEL BEAD WIRES Stee
Slide 24: Long-term strategies to build sustainable competitive moats
Tinna’s long-term strategies to build sustainable Geographical expansion Going global after establishing a strong domestic presence; gaining competitive moats access to Europe and Africa through new facilities. Planned expansions in South Africa and Saudi Arabia will enable Tinna to scale its operat
Slide 25: Strong focus on sustainability
Strong focus on sustainability Circular Economy Make Use Collect Transform Reuse TRIL recovers ~99% material from ELT, converting This recycled material is further supplied to various them into specialized and high quality customers and help them to reduce consumption of recycles material virgin pol
Slide 26: Our journey so far
Our journey so far 1977 1980 1982 1987 1990 Group founded under the Tie-up with Japan synthetic Introducing light weight TRIL was incorporated Commenced export of Thermo visionary leadership of Rubber for footwear rubber slippers under the and commissioned leather Plastic Rubber compounds Mr. Bhupin
Slide 27: Key Investment Highlights
Key Investment Highlights
Slide 28: Well positioned to capitalize on strong tailwinds
Well positioned to capitalize on strong tailwinds • Tinna is well-positioned to capitalize on the large market opportunity for recycled rubber Play on a large market with a strong focus on • Rising natural rubber prices are driving manufacturers to adopt recycling, which is boosting the global recyc
Slide 29: Industry Diversity Boosts Stability and Lowers Risk
Tinna's Industry Diversity Boosts Stability and Lowers Risk Infrastructure segment sales (INR Mn) 1,878 2,220 Infrastructure 984 1,446 Segment (48%)* Crumb Rubber, Bitumen FY22 FY23 FY24 FY25 CRM, CRMB Emulsion Industrial segment sales (INR Mn) 1,350 813 922 Industrial 683 Segment (22%)* Micronized
Slide 30: Serving the infrastructure segment with CRM, CRMB, bitumen emulsions
Well-positioned to serve the infrastructure segment with products like CRM, CRMB, and bitumen emulsions… Product Portfolio Demand for Recycled rubber in Infrastructure segment is expected to grow A blend of waste tire rubber, & Indian Market Breakup by End-User Industry (In Million metric tons) hydr
Slide 31: Presence in the industrial segment
…complemented by its presence in the industrial segment, offering products for a variety of applications Product Portfolio Indian Recycled Rubber products Market poised for growth by 2030 100% strained, devulcanized rubber, free Indian Recycled Rubber Product Manufacturing Market (In USD Million) fr
Slide 32: Serving the consumer segment as well
Further diversifying its portfolio, the company serves the consumer segment as well Product Portfolio Indian Recycled Rubber products market poised for significant growth by 2030 Ideal for low-tensile compounds, solid, It is 100 % REACH, PAH & RoHS Indian Recycled Rubber Product Manufacturing Market
Slide 33: Strategically located facilities
Strategically located facilities… Map of Oman not drawn to scale Map of India not drawn to scale Manufacturing presence Source of ELT tyres Panipat Mathura (Haryana) (Uttar Pradesh) Europe Middle Eastern USA countries Oman Saham Haldia (Al Batnah) Oman (West Bengal) Varale | Wada (Maharashtra) South
Slide 34: Experienced board and management team
Operations led by an experienced board and management team Mr. Bhupinder Kumar Sekhri Mr. Gaurav Sekhri Mr. Subodh Kumar Sharma Mr. Ravindra Chhabra Chairman & Managing Director Joint Managing Director Whole-time Director & COO Chief Financial Officer Mr. Sanjay Jain Mr. Vaibhav Dange Mr. Krishna Pr
Slide 35: Sustainability and ethical growth at Tinna's core
Sustainability and ethical growth have been at Tinna’s core long before ESG became a global focus CSR Initiatives Circular Economy Regular organizing of medical checkup, blood Follows a circular economy model, donation, and health awareness camps. CSR recovering 99% of materials from end-of-life Ini
Slide 36: Business for a Cause
Business for a Cause Tinna dedicated INR 7 Million in FY25 to CSR programs – driving meaningful change across sports, education, and healthcare sectors. PT uniforms, Pali Health Checkup, Varale School Uniforms, Panipat Tv to Sipcot Fire Station, 35 GMPD
Slide 37: Strategies in place to achieve growth going forward
To summarize - Tinna’s strategies are in place to achieve growth going forward Tinna’s strategy focuses on achieving strong Expanding tire crushing capacity revenue growth while maintaining stable enhances Tinna's revenue potential by EBITDA margins and high return ratios. With meeting the rising de
Slide 38: Annexures
Annexures
Slide 39: Consolidated Financial Performance Q4FY25
Consolidated Financial Performance Q4FY25 Particulars (INR Mn.) Q4FY25 Q3FY25 QoQ Q4FY24 YoY FY25 FY24 YoY Operational Income 1,290 1,227 5% 1,099 17% 5,053 3,630 39% Total Expenses 1,115 1,079 3% 875 27% 4,292 3,004 43% EBITDA 175 148 18% 224 -22% 762 626 22% EBITDA Margin (%) 13.59% 12.1% 20.4% 15
Slide 40: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn.) FY22 FY23 FY24 FY25 Operational Income 2,292 2,954 3,630 5,053 Total Expenses 1,923 2,587 3,004 4,292 EBITDA 369 368 626 762 EBITDA Margin (%) 16.1% 12.4% 17.2% 15.07% Other Income 34 61 13 45 Depreciation & Amortization Expenses 86 71 6
Slide 41: Historical Consolidated Balance Sheet Statement
Historical Consolidated Balance Sheet Statement Assets (INR Mn.) FY23 FY24 FY25 Equity and Liabilities (INR Mn.) FY23 FY24 FY25 Non-current assets Equity share capital 86 171 171 Property, Plant and Equipment 676 1,232 1,792 Other equity 874 1,107 1,610 Capital work-in-progress 3 66 106 Total Equity
Slide 42: TP Buildtech and the construction chemicals industry
Through TP Buildtech, Tinna can capitalize on the growth in the construction chemicals industry The positive outlook for the construction chemicals market presents growth Strong Financial Performance (INR Million) opportunities for TP Buildtech Sales, EBITDA & EBITDA Margin (%) Established in 2012,
Slide 43: Capital Market Data
Capital Market Data 1 Year Share Price Performance Number of Public Shareholders 300% 43,546 250% 200% 150% 100% 21,701 50% 14,797 0% 4,639 6,231 -50% Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 31st 31st 31st 31st 31st Tinna Rubbers & Infra Ltd BSE March'21 M
Slide 44: Contact Us
Contact Us Investor Relations Contact: Go India Advisors Sana Kapoor Sheetal Khanduja Senior Research Analyst Head – IR Practice +91 81465 50469 +91 97693 64166 sana@goindiaadvisors.com sheetal@goindiaadvisors.com
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