Is Tolins Tyres Ltd (TOLINS) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tolins Tyres Ltd is a below average quality company .

Is Tolins Tyres Ltd (TOLINS) undervalued or overvalued?

The key valuation ratios of Tolins Tyres Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Tolins Tyres Ltd (TOLINS) share price return in the past 10 years?

Data is not available for this company

Is Tolins Tyres Ltd (TOLINS) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tolins Tyres Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Tolins Tyres Ltd (TOLINS)?

Company share prices are keep on changing according to the market conditions. The current trading price of Tolins Tyres Ltd (TOLINS) on 04-May-2026 16:59:59 at 16:59 is 107.35.

What is the market cap of Tolins Tyres Ltd (TOLINS)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-May-2026 at 16:59, the market cap of Tolins Tyres stood at Rs. 428.00 Cr.

What is the P/E ratio of Tolins Tyres?

The latest standalone P/E ratio of Tolins Tyres as of 04-May-2026 is 25.62.

What is the P/B ratio of Tolins Tyres Ltd (TOLINS)?

The latest standalone P/B ratio of Tolins Tyres Ltd (TOLINS) as of 04-May-2026 is 1.40.

What is the 52-week high and low of Tolins Tyres Ltd (TOLINS)?

The 52-week high of Tolins Tyres Ltd (TOLINS) is Rs. 202.15 and the 52-week low is Rs. 83.30.

What is the TTM revenue of Tolins Tyres Ltd (TOLINS)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tolins Tyres is Rs. 214.67 (Cr.).

Tolins Tyres Ltd (TOLINS) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Tolins Tyres Ltd (TOLINS)
Brand: Tolins Tyres

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	8.4%	8.9%	19.2%	24.9%	14.2%	-
Value Creation Index ⓘ	-0.4	-0.4	0.4	0.8	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	106	113	118	157	178	215
Sales YoY Gr.	-	7.1%	4.3%	33.2%	13.3%	-
Adj EPS ⓘ	0.4	0.6	1.7	4.2	5.3	4.2
YoY Gr.	-	53.7%	165.1%	149.7%	25.9%	-
BVPS (₹) ⓘ	20.7	14.9	7.5	28.7	74.4	77.5
Adj Net Profit ⓘ	0.2	0.5	4.3	12.8	20.8	17
Cash Flow from Ops. ⓘ	-1.5	2.5	1.8	-12.4	-41	-
Debt/CF from Ops. ⓘ	-31.9	19.3	25.9	-5	-0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	16.3%	13.3%
Adj EPS ⓘ	NA	NA	102.7%	25.9%
BVPSⓘ	NA	NA	71%	159%
Share Price	-	-	-	-16.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	2	4.5	28.7	23.8	10.9	5.6
Op. Profit Mgn % ⓘ	5.3	5.4	10.4	17.5	17.4	11.2
Net Profit Mgn % ⓘ	0.2	0.4	3.7	8.1	11.6	7.8
Debt to Equity ⓘ	4.8	4.5	2.4	0.7	0	-
Working Cap Days ⓘ	0	232	218	200	281	231
Cash Conv. Cycle ⓘ	0	62	99	145	212	210

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.30%

Net Profit is growing at healthy rate in last 3 years 102.74%

Sales growth is good in last 4 quarters at 17.80%

Return on Equity has declined versus last 3 years average to 5.60%

	Standalone	Consolidated
TTM EPS (₹)	4.2	9.1
TTM Sales (₹ Cr.)	215	319
BVPS (₹) ⓘ	77.5	89
Reserves (₹ Cr.) ⓘ	286	332
P/BV ⓘ	1.40	1.22
PE ⓘ	25.62	11.88

From the Market
52 Week Low / High (₹)	83.30 / 202.15
All Time Low / High (₹)	83.30 / 259.00
Market Cap (₹ Cr.)	428
Equity (₹ Cr.)	19.8
Face Value (₹)	5
Industry PE ⓘ	25.1

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	106	113	118	157	178
Operating Expenses ⓘ +	100	107	106	130	147
Manufacturing Costs	3	3	3	1	3
Material Costs	90	95	95	117	131
Employee Cost	2	4	3	5	6
Other Costs ⓘ	5	6	5	6	7
Operating Profit ⓘ	6	6	12	28	31
Operating Profit Margin (%)	5.3%	5.4%	10.4%	17.5%	17.4%
Other Income ⓘ +	1	1	1	2	3
Exceptional Items ⓘ	0	0	0	0	0
Interest ⓘ	4	4	5	8	4
Depreciation ⓘ	2	2	2	2	2
Profit Before Tax ⓘ	1	1	7	19	27
Tax ⓘ	0	0	2	5	7
Profit After Tax	1	1	5	14	21
PAT Margin (%)	0.7%	0.6%	4.2%	8.7%	11.6%
Adjusted EPS (₹)	1.6	0.9	1.9	4.5	5.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	10	11	19	88	294
Share Capital ⓘ	1	1	5	15	20
Reserves ⓘ	9	9	14	73	274
Debt +	44	46	45	59	1
Long Term Debt	14	15	13	8	1
Short Term Debt	30	31	32	51	0
Minority Interest	0	0	0	0	0
Trade Payables	31	39	13	20	9
Others Liabilities ⓘ	4	4	6	9	9
Total Liabilities ⓘ	88	99	84	176	312
Fixed Assets
Net Fixed Assets ⓘ +	13	12	19	21	23
Gross Block	28	29	37	40	45
Accumulated Depreciation	14	16	18	20	22
CWIP ⓘ	7	8	0	5	5
Investments ⓘ	0	0	0	40	64
Inventories	14	23	37	68	81
Trade Receivables	37	37	24	34	57
Cash Equivalents	1	1	1	1	55
Others Assets ⓘ	15	18	3	7	27
Total Assets ⓘ	88	99	84	176	312

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-1	3	2	-12	-41
PBT ⓘ	1	1	7	19	27
Adjustment ⓘ	5	5	5	10	4
Changes in Working Capital ⓘ	-7	-3	-10	-39	-65
Tax Paid ⓘ	-0	-0	-0	-2	-7
Cash Flow From Investing Activity ⓘ +	-9	-3	0	-49	-52
Capex	-2	-1	-9	-3	-5
Net Investments	0	-0	0	-41	-50
Others ⓘ	-7	-1	8	-5	2
Cash Flow From Financing Activity ⓘ +	11	0	-2	62	120
Net Proceeds from Shares ⓘ	0	1	4	63	185
Net Proceeds from Borrowing ⓘ	4	1	-2	-5	-7
Interest Paid ⓘ	-2	-3	-4	-8	-4
Dividend Paid ⓘ	0	0	0	0	0
Others ⓘ	9	2	0	12	-54
Net Cash Flow ⓘ	0	0	-0	0	27

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	7.9	6.15	33.01	25.38	10.87
ROCE (%)	8.44	8.94	19.23	24.94	14.16
Asset Turnover Ratio	1.2	1.21	1.29	1.21	0.73
PAT to CFO Conversion(x)	-1	3	0.4	-0.86	-1.95
Working Capital Days
Receivable Days	128	119.10	93.70	66.90	93.40
Inventory Days	49.70	59.50	91.80	121.40	152
Payable Days	125.50	134.30	100.20	51.50	40.10

About Tolins Tyres Ltd

Tolins Tyres Limited was incorporated in the name and style of ‘Tolins Tyres Private Limited’ and a certificate of incorporation was issued on July 10, 2003 by the Registrar of Companies, Kerala. Subsequently, upon the conversion of the Company into a public limited company, pursuant a special resolution passed by its Shareholders on January 1, 2024, the name of the Company was changed to ‘Tolins Tyres Limited’ and a fresh certificate of incorporation dated January 26, 2024 was issued by the Registrar of Companies, Ernakulam, Kerala.

The company is one of the leading players in the industry with all India presence with a diverse product range. It is one of the companies that are present in both verticals -manufacturing of new tyres and tread rubber. The company has established itself as a major tyre retreading solutions provider across India and exported to many foreign countries, including the Middle East, East Africa, Jordan, Kenya and Egypt. The major products of the company include two-wheeler, three-wheelers, light commercial vehicle and agricultural tyres, precured tread rubber and other accessories including bonding gum, tyre flap, vulcanizing solutions, etc.

The company is primarily engaged in manufacturing of bias tyres for comprehensive array of vehicles (including light commercial, agricultural and two/three-wheeler vehicles) and Precured tread rubber and is also involved in manufacturing of ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes. It commenced operations in 1982 as a proprietorship concern for manufacture of tread rubber. It incorporated this Company in the year 2003 and commenced production and sales in the year 2005 and since then have been one of the players for retreading products manufacturing owing to its excellence and innovation in the industry. Under the ‘Tolins Tyres’ brand, it markets and sells tyres for use in light commercial vehicles, agricultural vehicles and two/three-wheeler vehicles, primarily in India and export to the Middle East, the ASEAN region, and Africa.

Business area of the company

The company is primarily engaged in manufacturing of bias tyres for vehicles (including LCV, agricultural and two/three-wheeler vehicles) and precured tread rubber. It also manufactures ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes.

Products of the company

Light Commercial Vehicle (LCV) tyres
Off the Road/Agriculture (OTR) tyres
Two-wheeler & Three-wheeler Tyres
Tyre Tubes & Tyre Flaps
Precured Tread Rubber (PCTR)
Conventional Tread Rubber
Bonding Gum
Vulcanising Solution
Rope Rubber & Others

Awards, accreditations or recognition

2010-11: Certificate of merit received from CAPEXIL, Auto Tyres and Tubes Panel.
2011-12: Certificate of merit received from CAPEXIL, Auto Tyres and Tubes Panel.
2013-14: Certificate of merit received from CAPEXIL, Auto Tyres and Tubes PanelMcMillan Woods Global Awards for recognition of international export.
2016-17: Export Merit Award for excellence in export of tyres, precured tread rubber & flap etc. by All India Rubber Industries Association (AIRIA).
2021-22: Certificate for recognition of export achievement in respect of rubber, plates, sheets, auto tyres, received from CAPEXIL, sponsored by Ministry of Commerce & Industry, Government of India.
2022-23: Achievement award received from Press Club Kalady.

History and milestones

2003: Incorporated as a private limited company.
2005: Commencement of precured tread rubber production
2007: First Capexil Export Award received from Government of India.
2008: Executed Company’s first direct export order bill of lading.
2008: Started manufacturing tyres for light commercial vehicles.
2011: Company accredited by Standards Organisation of Nigeria (SONCAP)-A product certification for exporting to Nigeria.
2012: Received certificate from U.S. Department of Transportation for meeting requirements of its federal system standards.
2015: Started manufacturing of tyres for two/three wheelers.
2016: Secured Bureau of Indian Standards Certification for two & three-wheeler.
2017: Secured Bureau of Indian Standards Certification for light commercial vehicle tyres.
2018: Started sales depot in Pune (Maharashtra).
2019: Started sales depot in Kerala.
2021: Started sales depot in Vijayawada (Andhra Pradesh), Delhi, Raipur (Chhattisgarh) and Guwahati (Assam).
2020-2022: Acquired plant & machinery in tranches to expand capacityof TTL Facility.
2023: Integrated the acquired machinery with the existing TTL Facility to increase the manufacturing capacity to 5,000 tyres/day.
2023: Acquired two wholly owned subsidiaries, namely Tolin RubbersPrivate Limited having its registered office in Kerala, Kalady and Tolins Tyres LLC (One Person) having its registered office in Ras-Al-Khaimah,UAE viderespective share purchase agreements.
2023: Geographical penetration of its products to Middle East & Africa Region
2023: Received E 32 certification mark from Road Traffic Safety Directorate, Europe for meeting its safety and performance standards.
2023: Conversion from private limited to public limited company and consequent change of name from ‘Tolins Tyres Private Limited’ to ‘Tolins Tyres Limited’.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Tolins Tyres Ltd (TOLINS) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Tolins Tyres Share Price