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10 Yrs X-Ray 
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About
Tolins Tyres Ltd (TOLINS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544254 NSE: TOLINS Tyres & Allied | Small Cap | Tolins Tyres Share Price
₹89.88 1.21 (1.36%)
As on 16-Oct'26 16:59
Tolins Tyres Ltd (TOLINS)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544254 NSE: TOLINS Tyres & Allied | Small Cap | Tolins Tyres Share Price
₹89.88 1.21 (1.36%)
As on 16-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹355 Cr.
Current Price
₹89.9
52-Week Low / High
₹83 / 198
TTM EPS
₹8.2
TTM Sales
₹317 Cr.
Book Value per Share
₹93
P/E Ratio
10.90
Lower than its 5-year historical median
Industry PE
20.4
Price to Book (P/B)
0.97
Lower than its 5-year historical median
Price to Sales (P/S)
1.12
Lower than its 5-year historical median
EV/EBITDA
7.92
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.41%
In line with industry median
Return on Capital Employed (ROCE)
13.02%
Underperforms industry median
Return on Assets (ROA)
9.36%
Operating Profit Margin
14.6%
Net Profit Margin
10.91%
Gross Profit Margin
14.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.12%
Operating Profit Growth (1 Year)
-
-14.6%
Net Profit Growth (1 Year)
-
-7.73%
Asset Quality
Promoter Holding
68.53%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹348 Cr.
Equity
₹19.8 Cr.
Face Value
₹5
All Time Low / High
₹83.30 / 259.00
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Tolins Tyres Ltd a good quality company?
Tolins Tyres Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Tolins Tyres Ltd performance compare with that of its Peers?
Revenue growth of Tolins Tyres Ltd vs industry peers?
Tolins Tyres Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 1.85%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Tolins Tyres Ltd?
Promoters hold 68.53% of the Tolins Tyres Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Tolins Tyres Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -43.93% based on the current price.
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)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tolins Tyres Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.4% | 8.9% | 19.2% | 24.9% | 14.2% | 7.1% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | 0.4 | 0.8 | 0.0 | -0.5 | - |
Growth Parameters ⓘ |
|||||||
| Sales ⓘ | 106 | 113 | 118 | 157 | 178 | 221 | 204 |
| Sales YoY Gr. | - | 7.1% | 4.3% | 33.2% | 13.3% | 24.1% | - |
| Adj EPS ⓘ | 0.4 | 0.6 | 1.7 | 4.2 | 5.3 | 3.8 | 3.4 |
| YoY Gr. | - | 53.7% | 165.1% | 149.7% | 25.9% | -28.2% | - |
| BVPS (₹) ⓘ | 20.7 | 14.9 | 7.5 | 28.7 | 74.4 | 78.2 | 79 |
| Adj Net Profit ⓘ | 0.2 | 0.5 | 4.3 | 12.8 | 20.8 | 14.9 | 13 |
| Cash Flow from Ops. ⓘ | -1.5 | 2.5 | 1.8 | -12.4 | -41 | -48.5 | - |
| Debt/CF from Ops. ⓘ | -31.9 | 19.3 | 25.9 | -5 | -0 | -0.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 15.9% | 23.3% | 24.1% | ||||
| Adj EPS ⓘ | NA | 55.9% | 31.2% | -28.2% | ||||
| BVPSⓘ | NA | 30.5% | 118.8% | 5.2% | ||||
| Share Price | - | - | - | -43.9% | ||||
Key Financial Parameters ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2 | 4.5 | 28.7 | 23.8 | 10.9 | 4.9 | 4.3 |
| Op. Profit Mgn % ⓘ | 5.3 | 5.4 | 10.4 | 17.5 | 17.4 | 10.4 | 10.5 |
| Net Profit Mgn % ⓘ | 0.2 | 0.4 | 3.7 | 8.1 | 11.6 | 6.7 | 6.6 |
| Debt to Equity ⓘ | 4.8 | 4.5 | 2.4 | 0.7 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 232 | 218 | 200 | 281 | 324 | 231 |
| Cash Conv. Cycle ⓘ | 0 | 62 | 99 | 145 | 212 | 282 | 213 |
Valuation of Tolins Tyres - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Sales | 227 | 292 | 327 |
| Operating Expenses ⓘ + | 180 | 236 | 279 |
| Operating Profit ⓘ | 47 | 56 | 48 |
| Operating Profit Margin (%) | 20.8% | 19.2% | 14.6% |
| Other Income ⓘ + | 1 | 3 | 3 |
| Interest ⓘ | 12 | 6 | 2 |
| Depreciation ⓘ | 3 | 3 | 4 |
| Profit Before Tax ⓘ | 33 | 49 | 45 |
| Tax ⓘ | 7 | 11 | 9 |
| Profit After Tax | 26 | 39 | 36 |
| PAT Margin (%) | 11.5% | 13.2% | 10.9% |
| Adjusted EPS (₹) | 8.5 | 9.8 | 9.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 101 | 324 | 361 | ||||||||
| Debt + | 76 | 17 | 11 | ||||||||
| Minority Interest | 0 | 0 | 0 | ||||||||
| Trade Payables | 32 | 15 | 9 | ||||||||
| Others Liabilities ⓘ | 13 | 14 | 12 | ||||||||
| Total Liabilities ⓘ | 222 | 370 | 393 | ||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 50 | 52 | 50 | ||||||||
| CWIP ⓘ | 10 | 10 | 12 | ||||||||
| Investments ⓘ | 0 | 0 | 0 | ||||||||
| Inventories | 84 | 139 | 181 | ||||||||
| Trade Receivables | 64 | 103 | 128 | ||||||||
| Cash Equivalents | 3 | 56 | 5 | ||||||||
| Others Assets ⓘ | 11 | 10 | 15 | ||||||||
| Total Assets ⓘ | 222 | 370 | 393 | ||||||||
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -4 | -61 | -40 |
| Cash Flow From Investing Activity ⓘ + | -54 | -28 | 24 |
| Cash Flow From Financing Activity ⓘ + | 58 | 117 | -8 |
| Net Cash Flow ⓘ | -0 | 27 | -24 |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 25.87 | 18.21 | 10.41 | |||||||
| ROCE (%) | 25.28 | 21.3 | 13.02 | |||||||
| Asset Turnover Ratio | 1.03 | 0.99 | 0.86 | |||||||
| PAT to CFO Conversion(x) | -0.15 | -1.56 | -1.11 | |||||||
| Working Capital Days | ||||||||||
| Receivable Days | 102.80 | 104 | 129 | |||||||
| Inventory Days | 134.70 | 139.30 | 178.70 | |||||||
| Payable Days | 72.20 | 41 | 17.50 | |||||||
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Tolins Tyres Ltd FAQs
The current trading price of Tolins Tyres on 16-Oct-2026 16:59 is ₹89.88.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Oct-2026 the market cap of Tolins Tyres stood at ₹355.1 Cr
The latest P/E ratio of Tolins Tyres as of 15-Oct-2026 is 26.62.
The latest P/B ratio of Tolins Tyres as of 15-Oct-2026 is 1.14.
The 52-week high of Tolins Tyres is ₹197.7 and the 52-week low is ₹83.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tolins Tyres is ₹204 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tolins Tyres Ltd is a below average quality company.
The key valuation ratios of Tolins Tyres Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
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.
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’.
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