Small-cap Rubber Stock Begin Trading On NSE From April 17 To Boost Liquidity; Company Eyes Rs 900 Crore Revenue By FY27 With Global Expansion Plans
Over the past year, the stock has delivered a return of 27.01 per cent, while the 3-year return stands at 496.74 per cent, indicating multibagger performance over the longer term.
The equity shares of Tinna Rubber and Infrastructure Limited, a major tyre recycler, were admitted to the trading on the National Stock Exchange of India Limited (NSE) as from 17th April 2025. This move is likely to improve liquidity and marketability, and is in line with the current listing on the BSE and CSE. The Company, which has a rich experience in the recycling of end-of-life tyres, has six state-of-the-art plants in India and Oman. Tinna Rubber products consist of crumb rubber, bitumen products, and reclaimed rubber, which are used in various industries like construction and automotive.
The company has shown strong financials with a revenue CAGR of 41 per cent over 3 years and EBITDA CAGR of 53 per cent and FY24 ROCE of 28 per cent and ROE of 32 per cent. With a well-defined Vision 2027, Tinna plans to achieve a revenue CAGR of over 25 per cent and profit CAGR of 33 per cent.
Mr. Bhupinder Kumar Sekhri, Chairman and Managing Director said “Tinna Rubber’s listing on the NSE marks a strategic step toward expanding investor participation and enhancing market visibility. With a strong performance track record and presence on both NSE and BSE, the company aims to deepen engagement with institutional and retail investors while driving long-term value.””
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Tinna Rubber and Infrastructure Limited was set up in 1977 and is one of the major tyre recyclers in Asia. The company concentrates on the conversion of waste tyres into higher value products such as crumb rubber, bitumen modifiers and reclaimed rubber used in road construction, tyre manufacturing and auto parts industries. Tinna has six manufacturing plants located near ports in India and Oman with plans to reach 250,000 MT by FY2027.
The revenue of the company is mainly from its infrastructure segment, which constituted 52 per cent of FY24 revenue, followed by industrial, steel and consumer segments. Some of the company’s major clients are big tyre manufacturers and industrial companies. The company has a Capex of Rs. 48 crore for FY25 towards recycling capacity expansion and polymer composites unit in Saudi Arabia. Tinna plans to reach a revenue of Rs. 900 crores by 2027 with the help of its recent acquisition of a 49 per cent stake in a South African joint venture.
As of April 17, 2025, the stock price of Tinna Rubber and Infrastructure Limited stands at Rs 1,018.5. The stock has touched a 52-week high of Rs 2,075.45 and a 52-week low of Rs 807.3. The company has a market capitalisation of Rs 1,756 crore. Over the past year, the stock has delivered a return of 27.01 per cent, while the 3-year return stands at 496.74 per cent, indicating multibagger performance over the longer term. The stock is currently trading at a price-to-earnings (PE) ratio of 35.46.
Investors should keep an eye on this Small-Cap rubber company.
Disclaimer: The article is for informational purposes only and not investment advice.