Tinna Rubber & Infrastructure Limited · NSE:TINNARUBR
Tinna Rubber & Infrastructure — Q1 FY26 Earnings Presentation
44 slides from Tinna Rubber & Infrastructure's earnings presentation, Aug 7, 2025
Slide 1: Stock exchange cover letter for Investor and Earnings Presentation
Date: August 07, 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,
Slide 2: Tinna Rubber and Infrastructure Limited Investor & Earnings Presentation Q1-FY26
Tinna Rubber and Infrastructure Limited Investor & Earnings Presentation Q1-FY26 Crumb Rubber Gym Conveyor Rubber Tiles Rubber Moulded Tyres Belt Mat Infill Goods
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Tinna Rubber and Infrastructure Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 4: Table of Contents
Table of Contents Performance Highlights – 01 Q1 - FY26 02 Company Overview Key Investment Highlights Annexures 03 04
Slide 5: Performance Highlights Q1-FY26
Performance Highlights Qi- FY26
Slide 6: Q1 - FY26 - Standalone Financial Highlights
Q1 - FY26 - Standalone Financial Highlights Revenue from Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) EBITDA EBITDA Margin PAT PAT Margin (%) 10.5% 16.8% 8.6% 15.6% 8.1% 13.2% 1,360 1,288 1,273 229 198 143 170 110 104 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Figur
Slide 7: Q1 - FY26 - Consolidated Financial Highlights
Q1 - FY26 - Consolidated Financial Highlights EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) EBITDA EBITDA Margin PAT PAT Margin (%) 12.1% 18.1% 16.0% 9.1% 9.0% 13.6% 247 208 175 164 117 117 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Figures are in INR Mn. unless otherwise stated 6
Slide 8: Key Operational Performance
Key Operational Performance Quarterly Performance Annual Performance Volume of Tyres Processed (MT) Tyre Crushing Capacity (MT) Volume of Tyres Processed (MT) 134,000 38,500 250,000 34,995 34,130 200,000 185,000 99,280 73,395 100,000 80,000 72,000 Q1FY25 Q4FY25 Q1FY26 FY22 FY23 FY24 FY25 FY26E FY27E
Slide 9: Key Segment Performance (YoY) – Infrastructure & Industrial
Key Segment Performance (YoY) – Infrastructure & Industrial o While there was a 14% YoY dip in revenue, we are confident of a strong rebound post-monsoon, driven by a solid & growing business pipeline. Infrastructure Segment (INR Mn) o Despite Q1 being peak season for Infra, several factors caused d
Slide 10: Key Segment Performance (YoY) – Consumer & Steel
Key Segment Performance (YoY) – Consumer & Steel Consumer Segment (INR Mn) o Consumer Segment demand is expected to revive in the upcoming quarters, following a seasonal shift influenced by early monsoon patterns and short-term market liquidity adjustments. o Revenue saw a temporary 10% YoY decline,
Slide 11: Management Analysis on Q1FY26 Results
Management Analysis on Q1FY26 Results Operational & Financial Highlights Revenue stood flat on QoQ basis whereas it declined by 4% YoY, primarily due to a lower EPR 01 contribution of INR 41 Mn in Q1, compared to INR 105 Mn in the corresponding quarter of FY25. Gross margins improved by approximatel
Slide 12: Key Q1FY26 Strategic Highlights
Key Q1FY26 Strategic Highlights Operational & Financial Highlights Successfully raised approx. INR 787 Mn through a QIP in Q1FY26, with strong participation from 01 marquee institutional investors including ICICI Prudential Mutual Fund, JM Financial Mutual Fund, and Bank of India Mutual Fund. 02 Wit
Slide 13: Cost Saving Initiatives
Cost Saving Initiatives Renewable Energy Initiatives Debt Reduction Raw Material Cost The company is expanding its Out of the QIP proceeds, existing renewable energy to Increasing our optionality on more than 3x from 1.26 MW to INR 230 Mn (approx) is being using different type of ELTs allocated towa
Slide 14: Update on Capex
Update on Capex In Q1FY26, capex of INR 130 Mn has been 01 completed and is completely aligned with the guidance. Capex of approx INR 1,000 Mn is planned in next 02 2 years 13
Slide 15: Deployment of QIP Funds
Deployment of QIP Funds INR 117 Mn INR 230 Mn Solar Power 02 01 Expansion Debt Reduction Deployment of QIP Funds* (INR 787 Mn) INR 218 Mn INR 190 Mn 03 Pyrolysis & Recovered General Corporate 04 Carbon Black Purpose 14 *Deployment will start from Q2FY26 onwards.
Slide 16: Update on International Projects (1/2)
Update on International Projects (1/2) o Tinna successfully infused capital funding into Mbodla Investments Pty Ltd (JV Company) o The JV has received permission to export 24,000 ELT from South Africa to India. South Africa o First phase of operations has commenced in Q1 of FY 2026 o Tinna has outli
Slide 17: Update on International Projects (2/2)
Update on International Projects (2/2) Oman o Plant is running successfully at 85% capacity utilization. o Q1FY26 Revenue contributed by Oman is approx $1 Million. o Around 35% of total production is sold within GCC Region. o An increase in the cost of ELT has sharply raised input costs, thereby imp
Slide 18: Polymer Compounding Solutions - Progress and milestones
Polymer Compounding Solutions - Progress and milestones Sales Milestone Achieved - Masterbatch sales have reached close to 100 MT per month, marking consistent growth in 01 volumes. Product portfolio expanded to include Color, Additive, Silicone, and Biodegradable Masterbatches, strengthening our ma
Slide 19: Vision 2028: Powering the Next Phase of Growth
Vision Vision2028 2028- : POWERING THE NEXT PHASE OF GROWTH 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%
Slide 20: Company Overview
Company Overview
Slide 21: 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 22: 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 23: Geographical expansion
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 24: 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 25: 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 26: Key Investment Highlights
Key Investment Highlights
Slide 27: 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 28: Tinna's 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 29: Well-positioned to serve the infrastructure segment with products like CRM, CRMB, and 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 30: …complemented by its 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 31: Further diversifying its portfolio, the company serves 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 32: 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 33: Operations led by an 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 34: Sustainability and ethical growth have been 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 35: 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, 34 GMPD
Slide 36: To summarize - Tinna's strategies are 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 37: Annexures
Annexures
Slide 38: Consolidated Financial Performance Q1FY26
Consolidated Financial Performance Q1FY26 Particulars (INR Mn.) Q1FY26 Q4FY25 QoQ Q1FY25 YoY FY25 FY24 YoY Operational Income 1,303 1,290 1% 1,360 -4% 5,053 3,630 39% Total Expenses 1,095 1,115 -2% 1,113 -2% 4,292 3,004 43% EBITDA 208 175 19% 247 -16% 762 626 22% EBITDA Margin (%) 16.0% 13.6% 18.1%
Slide 39: 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 40: 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 41: 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 60 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 42: Through TP Buildtech, Tinna can capitalize on the growth in 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 43,639 250% 200% 150% 100% 21,701 50% 14,797 0% 4,639 6,231 -50% Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 31st 31st 31st 31st 31st 30th Tinna Rubbers & Infra Ltd BS
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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