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Tinna Rubber Sets Sept 8, 2026 Record Date for Rs 3.25/Share Final Dividend and 39th AGM
Tinna Rubber and Infrastructure Limited has announced the book closure and record date for its recommended final dividend of Rs 3.25 (32.5%) per equity share for FY 2025-26. The record date to determine eligible shareholders is Tuesday, September 08, 2026. The share transfer books and register of members will remain closed from September 09, 2026 to September 15, 2026 for the 39th Annual General Meeting. The final dividend will be disbursed post-shareholder approval at the AGM after applicable TDS deductions.
Confidence: HIGH
What changedFormal intimation of record date and book closure dates for the payment of the FY26 final dividend and the 39th AGM.
Why it mattersConfirms the timeline and payout mechanism for shareholder returns following the FY26 financial performance.
Final Dividend per share: Rs. 3.25 (32.5%)Record Date: September 08, 2026Book Closure Start Date: September 09, 2026Book Closure End Date: September 15, 2026
📅 Short termThe stock will trade ex-dividend around the September 08, 2026 record date.
📈 Long termLimited; reflects routine annual corporate action and capital return to shareholders.
Key Highlights
Final dividend recommended at Rs 3.25 (32.5%) per equity share for FY 2025-26
Record date fixed for Tuesday, September 08, 2026
Book closure scheduled from September 09, 2026 to September 15, 2026 (both days inclusive)
Convening of the 39th Annual General Meeting (AGM)
👀 What to Watch
Investors seeking dividend eligibility must hold shares before the ex-dividend/record date of September 08, 2026, and submit relevant tax declaration documents by that date for appropriate TDS deduction.
Tinna Rubber Sets Sept 8, 2026 Record Date for ₹3.25/Share Final Dividend
Tinna Rubber and Infrastructure Limited has fixed Tuesday, September 08, 2026, as the record date to determine eligibility for a final dividend of ₹3.25 per equity share (32.50%) for FY 2025-26. The 39th Annual General Meeting is scheduled for September 15, 2026, to approve the distribution. Following shareholder approval, the payout will be completed within the statutory timeframe.
Confidence: HIGH
What changedThe company scheduled its 39th AGM and finalized the record date for its FY 2025-26 final dividend distribution.
Why it mattersProvides cash returns to shareholders, reflecting corporate capital allocation for the fiscal year ended March 2026.
Final dividend per share: Rs. 3.25Dividend percentage: 32.50%Record date: 08-Sep-2026AGM date: 15-Sep-2026
📅 Short termThe stock will adjust for the ₹3.25 dividend around the ex-date preceding September 08, 2026.
📈 Long termLimited; routine corporate action reflecting ongoing operational cash generation and distribution policy.
Key Highlights
Final dividend declared at ₹3.25 per equity share (32.50%) for FY 2025-26
Record date fixed as Tuesday, September 08, 2026
39th Annual General Meeting scheduled for Tuesday, September 15, 2026
👀 What to Watch
Track the ex-dividend date ahead of September 08, 2026, to determine eligibility, and monitor formal shareholder approval at the AGM on September 15, 2026.
Rs 1.31 Cr Investment in Saudi Arabian Subsidiary (2nd Tranche)
Tinna Rubber and Infrastructure Limited has infused a second tranche of capital into its wholly-owned subsidiary, Tinna Rubber Arabia Ltd. The investment involves SAR 5,10,000 (approximately Rs 1.31 Cr) for the subscription of 75 shares at SAR 6,800 each. This move supports the company's 'Vision 2028' strategy, which includes commissioning a Saudi Arabian unit by mid-FY27. While the current investment is small at 0.35% of TTM revenue, it marks a concrete step in the company's international expansion roadmap.
Confidence: HIGH
What changedThe company has increased its equity stake in its Saudi Arabian subsidiary through a second round of funding.
Why it mattersThis investment provides the necessary capital for the company's first major international expansion, which is critical for achieving its long-term growth targets and diversifying its geographic footprint.
Investment Amount: Rs 1.31 CrInvestment vs TTM Revenue: 0.35%Share Price (Subsidiary): SAR 6,800Number of Shares: 75Target Commissioning Date: mid-FY27
📅 Short termThe announcement is likely to be viewed neutrally to slightly positively as it demonstrates steady execution of previously stated expansion plans.
📈 Long termStructural significance is high as the Saudi expansion is a core pillar of the company's goal to reach Rs 1,000 Cr revenue by 2028.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk in a foreign jurisdiction
- Regulatory compliance in Saudi Arabia
Key Highlights
Infusion of SAR 5,10,000 (approx. Rs 1.31 Cr) as the 2nd tranche of investment.
Subscription of 75 shares in Tinna Rubber Arabia Ltd at SAR 6,800 per share.
Investment supports the planned Saudi Arabia unit commissioning targeted for mid-FY27.
Part of 'Vision 2028' plan to scale revenue to Rs 1,000 Cr from the current TTM Rs 376 Cr.
👀 What to Watch
Investors should track the execution timeline for the Saudi Arabian facility, with commissioning expected by mid-FY27, as it is a key driver for the company's long-term revenue targets.
Tinna Rubber remits $100,000 first tranche of $1M loan to South African JV
Tinna Rubber has remitted the first tranche of USD 100,000 (INR 95.26 Lakhs) from a total USD 1 million loan facility to its 49% South African Joint Venture, Mbodla Investments. The unsecured loan supports capital expenditure and working capital for the JV, which is expected to breakeven by Q4 FY26. The loan carries an interest rate of 8.68% (SOFR + 5%) and is repayable in 16 quarterly installments after a one-year moratorium. This funding is a key step in the company's 'Vision 2028' strategy to expand international operations.
Confidence: HIGH
What changedTinna Rubber has commenced the disbursement of a USD 1 million loan facility to fund its South African joint venture operations.
Why it mattersThis provides the necessary capital for the South African unit to scale, which is a key pillar of the company's international growth strategy under 'Vision 2028'.
Total Loan Value: USD 1,000,000First Tranche Remitted: INR 95,26,500Interest Rate: 8.68%Loan vs TTM Revenue: ~2.5%JV Ownership: 49%Loan Tenure: June 30, 2031
📅 Short termNeutral to slightly positive as it demonstrates the company's commitment to its international expansion timeline.
📈 Long termStructurally significant as part of the plan to reach INR 1,000 Cr revenue by 2028 through global footprint expansion.
⚠ Risk flags
- Unsecured loan to JV
- Currency volatility (USD/INR/ZAR)
- Execution risk in South African market
Key Highlights
Total loan facility of USD 1,000,000 (approx. INR 9.53 Cr) granted to 49% JV Mbodla Investments.
First tranche of USD 100,000 (INR 95,26,500) remitted for capex and working capital.
Interest rate linked to 6-month SOFR plus 5% spread, currently 8.68% per annum.
Repayment schedule consists of 16 equal quarterly installments starting after a 1-year moratorium.
Lender retains the option to convert the outstanding loan into equity at a face value of Rand 1 per share.
👀 What to Watch
Monitor the South African JV's operational updates and its progress toward the stated breakeven target of Q4 FY26.
₹15 Cr Investment in Saudi Arabia Subsidiary for International Expansion
Tinna Rubber and Infrastructure Limited has initiated its international expansion by infusing the first tranche of capital into its wholly-owned subsidiary, Tinna Rubber Arabia Ltd. The company plans a total investment of up to ₹15 crore to establish a tyre recycling facility in Saudi Arabia. This facility will process old tyre scrap into crumb rubber and steel scrap, aiming to secure economical raw materials and expand its manufacturing base in the Middle East. The initial investment of approximately ₹87.31 lakh (SAR 3.4 lakh) follows the completion of all requisite registrations in Saudi Arabia.
Confidence: HIGH
What changedThe company has moved from the incorporation phase to the active investment phase for its Saudi Arabian operations, infusing the first tranche of capital.
Why it mattersThis marks the company's first major international manufacturing foray, which is critical for its 'Vision 2028' goal of reaching ₹1,000 Cr revenue. It helps diversify raw material sourcing and provides proximity to Middle Eastern markets.
Total Investment Limit: ₹15 CrFirst Tranche Investment: ₹87.31 LakhInvestment vs TTM Revenue: ~4%Subsidiary Share Capital: SAR 68,00,000Ownership Stake: 100%
📅 Short termThe news is likely to be viewed positively as it demonstrates execution of the company's stated international growth strategy.
📈 Long termStructurally significant as it establishes a global footprint and secures a supply chain for raw materials, supporting long-term margin stability and revenue growth.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk in a foreign jurisdiction
- Currency fluctuation risk (SAR vs INR)
- Regulatory compliance in Saudi Arabia
Key Highlights
Total planned investment limit of up to ₹15,00,00,000 (₹15 crore) in the Saudi subsidiary.
First tranche of SAR 3,40,000 (approx. ₹87.31 lakh) infused for 50 shares at SAR 6,800 each.
Total authorized share capital of the subsidiary stands at SAR 68,00,000 divided into 1,000 shares.
Proposed CAPEX of approximately ₹15 crore for processing and recycling old used tyre scrap.
The subsidiary was incorporated on June 24, 2024, and has now completed all regulatory registrations.
👀 What to Watch
Investors should monitor the construction and commissioning timeline of the Saudi facility, which is expected to be operational by mid-FY27. Success in this geography could serve as a template for further international expansion into other Middle Eastern countries.
Tinna Rubber Q1 FY27: Record ‡20 Cr+ PAT; Plans ‡100 Cr Capex for Vision 2029
Tinna Rubber reported its best-ever quarterly performance in Q1 FY27, with PAT exceeding ‡20 Cr and EBITDA margins crossing 21%. The company is executing a ‡100 Cr capex plan for FY27-28 to expand tyre crushing capacity by 27% to 235,000 MT. Management reiterated its 'Vision 2029' target to reach ‡1,000 Cr in revenue, representing a ~2.6x growth over current TTM revenue of ‡376 Cr. International expansions in South Africa and Chile are progressing, with South African operations expected to breakeven in Q2 FY27.
Confidence: HIGH
What changedThe company has achieved record-high profitability margins and formalized a ‡100 Cr capex roadmap to nearly triple its revenue by FY29.
Why it mattersThe shift toward value-added products like Micronized Rubber Powder (MRP) and rCB is structurally improving margins (now >21% vs TTM 15.9%), reducing reliance on commoditized recycling.
Q1 FY27 PAT: ‡20 Cr+EBITDA Margin: 21%+Planned Capex (FY27-28): ‡100 CrCapex vs Market Cap: 5.3%Target Capacity FY27: 235,000 MTVision 2029 Revenue Target: ‡1,000 Cr
📅 Short termThe record profitability and margin expansion are likely to be viewed positively by the market in the coming weeks.
📈 Long termThe company is evolving into a global material science player with a presence in 10 locations by 2028, targeting high-margin industrial and infrastructure segments.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Geopolitical instability in the Middle East affecting Oman and Saudi projects
- Raw material price volatility in global rubber markets
Key Highlights
Achieved record quarterly PAT of over ‡20 Cr with EBITDA margins expanding to 21%+
Executed ‡27 Cr capex in Q1 FY27 as part of a ‡100 Cr investment plan for FY27-28
Tyre crushing capacity on track to increase by 27% to 235,000 MT per annum by FY27
PCMB division revenue grew 3x to ‡12 Cr, now contributing 8% of total revenue
Vision 2029 targets ‡1,000 Cr revenue with a 25% plus revenue CAGR
👀 What to Watch
Monitor the commissioning of the Recovered Carbon Black (rCB) facility in Q3 FY27 and the operational stabilization of the South African unit. Investors should track if the company maintains its 21% EBITDA margin as it scales toward the ‡1,000 Cr revenue target.
Q1 FY27 PAT Up 75% YoY to ₹21 Cr; EBITDA Margins Expand to 21.7%
Tinna Rubber reported a strong Q1 FY27 with consolidated revenue growing 20% YoY to ₹156 Cr. Profitability saw a significant jump, with PAT rising 75% to ₹21 Cr, driven by a 416 bps expansion in PAT margins. The industrial segment was a major growth driver with 58% revenue growth, partially aided by the monetization of ₹6.75 Cr in EPR credits. Despite headwinds in the consumer segment due to raw material costs, the company maintained high capacity utilization of 88% in India.
Confidence: HIGH
What changedThe company achieved record quarterly profitability and successfully monetized its accrued EPR credits while expanding margins significantly through value-added products.
Why it mattersThe results validate the 'Vision 2028' growth strategy and demonstrate strong pricing power, as EBITDA margins remained above 21% despite raw material volatility caused by geopolitical conflicts.
Consolidated Revenue (Q1 FY27): ₹156 CrPAT Growth (YoY): 75%EBITDA Margin: 21.7%EPR Credit Monetized: ₹6.75 CrNew Order Volume: 15,000 MTQ1 Revenue vs TTM Revenue: 41.4%
📅 Short termThe stock is likely to react positively to the sharp margin expansion and record PAT, which significantly exceeds historical quarterly averages.
📈 Long termStructural growth is supported by capacity expansion plans (targeting 275k MT by FY27) and entry into high-margin construction chemicals and international markets.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Raw material price volatility due to West Asia conflict
- Start-up losses in Saudi and South Africa subsidiaries
- Monsoon-related slowdowns in infrastructure segment
Key Highlights
Consolidated EBITDA grew 62% YoY to ₹34 Cr with margins reaching a record 21.7%.
Industrial segment revenue increased 58% YoY, driven by value-added products and ₹6.75 Cr EPR credits.
Secured a significant 15,000 MT rubberized bitumen processing order for execution in FY27.
India operations achieved 88% capacity utilization, while Oman reached 78%.
Renewable energy initiatives (Solar) delivered cost savings of ₹1.19 Cr in Q1 FY27.
👀 What to Watch
Watch for the commissioning of the Saudi Arabia unit in mid-FY27 and the breakeven of South African operations expected by Q4 FY26. Monitor if the high EBITDA margins are sustainable once the one-off EPR credit monetization effect subsides.
Tinna Rubber Q1 PAT Jumps 83% YoY to ₹20.11 Cr; Standalone Revenue Up 18.5%
Tinna Rubber reported a robust performance for Q1 FY27, with standalone revenue growing 18.5% YoY to ₹150.85 cr. Net profit surged 83% YoY to ₹20.11 cr, driven by significant margin expansion as PBT margins reached 17.9% compared to 11.6% in the year-ago period. The company is actively pursuing its 'Vision 2028' with the incorporation of a new Chilean subsidiary and ongoing international operations in Saudi Arabia and Oman, which contributed to a consolidated revenue of ₹156.18 cr.
Confidence: HIGH
What changedTinna Rubber has reported its Q1 FY27 financial results, showing a sharp acceleration in profitability and the formal addition of a Chilean subsidiary to its global footprint.
Why it mattersThe strong earnings growth and margin expansion validate the company's 'Vision 2028' strategy and its ability to maintain profitability while expanding capacity and entering new international markets.
Standalone Revenue (Q1 FY27): ₹150.85 crStandalone PAT (Q1 FY27): ₹20.11 crQ1 Revenue vs TTM Revenue: ~40.1%Standalone PBT Margin: 17.9%Consolidated Revenue: ₹156.18 cr
📅 Short termThe stock is likely to react positively to the significant YoY profit growth and EPS improvement, reflecting strong operational leverage.
📈 Long termThe company's structural shift towards higher-value products and global expansion into Chile and Saudi Arabia supports its long-term goal of ₹1,000 cr revenue by 2028.
⚠ Risk flags
- Raw material price volatility in global rubber markets
- Impact of monsoons on the infrastructure segment which accounts for 46% of revenue
Key Highlights
Standalone Net Profit increased 83.1% YoY to ₹20.11 cr from ₹10.98 cr in Q1 FY26
Standalone Revenue from operations grew 18.5% YoY to ₹150.85 cr
Basic EPS for the quarter rose to ₹11.16 from ₹6.40 in the previous year's corresponding quarter
Consolidated revenue reached ₹156.18 cr, indicating a ₹5.33 cr contribution from international subsidiaries
Incorporated Tinna Rubber Chile SpA with an authorized capital of 500 million Chilean Pesos to expand global ELT supply chain
👀 What to Watch
Investors should monitor the margin sustainability as the company scales and the execution timeline for the Saudi Arabian unit commissioning expected in mid-FY27.
CLP 500 Million: Tinna Rubber Incorporates Chile Subsidiary for Global Waste Recycling
Tinna Rubber has incorporated a 100% wholly-owned subsidiary, TINNA RUBBER CHILE SpA, in Santiago, Chile. The new entity has an authorized share capital of CLP 500 million (approximately ––4.5 Cr), which is roughly 1.2% of the company's TTM revenue of ––376 Cr. This move is part of the company's 'Vision 2028' strategy to strengthen its global supply chain for End-of-Life Tyres (ELTs) and expand its recycling footprint. While incorporation is complete, commercial operations are pending final regulatory compliances.
Confidence: HIGH
What changedTinna Rubber has officially established a legal presence in South America (Chile) to manage international waste procurement and processing.
Why it mattersSecuring a global supply of raw materials (ELTs) is critical for Tinna's aggressive domestic capacity expansion and its target to reach ––1,000 Cr revenue by 2028.
Authorized Share Capital: CLP 500,000,000Total Shares Acquired: 50,000,000Nominal Value per Share: CLP 10Est. Capital vs TTM Revenue: ~1.2%Ownership Stake: 100%
📅 Short termThe news is sentimentally positive as it demonstrates execution of the international expansion strategy, though immediate financial impact will be negligible.
📈 Long termStrategically significant for raw material security; Chile serves as a key hub for sourcing ELTs, supporting the company's long-term margin stability and volume growth.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Regulatory risks in a foreign jurisdiction
- Currency fluctuation (CLP vs INR)
- Execution risk in setting up international operations
Key Highlights
Incorporation of 100% wholly-owned subsidiary 'TINNA RUBBER CHILE SpA' in Santiago, Chile.
Authorized share capital set at CLP 500,000,000 (Five Hundred Million Chilean Pesos).
Issuance of 50,000,000 ordinary registered shares with a nominal value of CLP 10 each.
The subsidiary will focus on waste management, recycling of ELTs, plastic, and battery scrap.
Capital infusion to be completed in one or more tranches via cash or capitalization of exports.
👀 What to Watch
Investors should monitor the timeline for the commencement of commercial operations in Chile and how this facility contributes to the company's goal of reaching 275,000 MT tyre crushing capacity by FY27.
Tinna Rubber Commences Operations at Varale Facility with First Commercial Dispatch
Tinna Rubber and Infrastructure Limited has officially commenced commercial operations at its new rCB (Recovered Carbon Black) and TPO (Thermoplastic Olefin) facility in Varale, Maharashtra. The company announced the inaugural dispatch of its first commercial load, marking the transition from project phase to revenue generation. This fully integrated tyre recycling complex is designed to convert end-of-life tyres into high-value sustainable resources. This expansion strengthens the company's position in the circular economy and is expected to contribute to future top-line growth.
Key Highlights
Inaugural dispatch of the first commercial load from the state-of-the-art Varale facility.
Facility features fully integrated units for Recovered Carbon Black (rCB) and Thermoplastic Olefin (TPO).
Strategic move to transform end-of-life tyres into valuable resources for sustainable manufacturing.
The Varale plant marks a significant milestone in the company's circular innovation and growth strategy.
👀 What to Watch
Investors should monitor the production ramp-up at the Varale facility and its subsequent impact on quarterly revenue and margins. The successful commercialization of rCB and TPO products could provide a competitive edge in the green materials market.
Tinna Rubber FY26 PAT Rises 42% in Q4; Recommends ₹3.25 Dividend and Sets ₹1,000 Cr Revenue Target
Tinna Rubber delivered a robust FY26 performance, with Q4 consolidated revenue growing 22% YoY to ₹157 crores and PAT surging 42% to ₹17 crores. The company achieved record tire processing volumes of 155,000 tons and maintained a healthy consolidated EBITDA margin of 17.1%. Management has outlined a 'Vision 2029' to reach ₹1,000 crores in revenue, supported by a planned ₹100 crore capex over the next two years. Financial health improved significantly, with the net debt-to-equity ratio dropping to 0.39 from 0.73.
Key Highlights
Q4 consolidated PAT increased 42% YoY to ₹17 crores with EBITDA margins expanding to over 18% for the quarter.
Board recommended a final dividend of ₹3.25 per equity share for the financial year ended March 31, 2026.
Tire crushing capacity expanded 9% to 185,000 tons in FY26, with a target of 235,000 tons by FY27.
Net debt decreased by 10% to ₹121 crores, while the interest coverage ratio strengthened to 7.49.
EPR (Extended Producer Responsibility) credits contributed a stable ₹29 crores to the annual revenue stream.
👀 What to Watch
Investors should consider this a positive signal given the strong margin expansion and clear growth roadmap toward Vision 2029. The company's focus on high-value products like PCMB and international expansion provides a solid foundation for long-term capital appreciation.
Tinna Rubber FY26 PAT Grows 26% to ₹53 Cr; EBITDA Margins Expand to 17.2%
Tinna Rubber reported a strong FY26 performance with consolidated revenue growing 8% YoY to ₹546 crore and standalone PAT increasing 26% to ₹53 crore. The company achieved significant margin expansion, with standalone EBITDA margins rising by 286 bps to 17.2%, driven by a strategic shift toward value-added products in the industrial segment. Operational efficiency improved as tyre crushing volumes hit an all-time high of 155,000 MT, while the company successfully reduced its net debt-to-equity ratio from 0.73x to 0.39x. Looking ahead, a ₹100 crore capex plan for FY27-28 and a major ₹75.79 crore contract from IOCL provide strong visibility for future growth.
Key Highlights
Consolidated FY26 Revenue grew 8% YoY to ₹546 Cr, while Standalone PAT rose 26% to ₹53 Cr
Standalone EBITDA margins expanded by 286 bps to 17.2% due to a higher mix of value-added products
Net debt reduced by 10% to ₹121 Cr, improving the Net Debt/Equity ratio significantly to 0.39x
Tyre crushing volumes reached an all-time high of 155,000 MT with capacity utilization at 90% in India
Planned ₹100 Cr capex for FY27-28 and secured a ₹75.79 Cr supply contract from Indian Oil Corporation
👀 What to Watch
Investors should focus on the company's successful transition toward high-margin industrial products and its significantly de-leveraged balance sheet. The strong volume growth and upcoming capacity expansions suggest continued momentum in the circular economy and recycling space.
Tinna Rubber FY26 PAT Up 26% to ₹53.24 Cr; Declares ₹3.25 Dividend & ₹15 Cr JV Investment
Tinna Rubber and Infrastructure Limited reported a robust 26% year-on-year growth in Net Profit for FY26, reaching ₹53.24 crore compared to ₹42.28 crore in FY25. The company's revenue for the full year stood at ₹533.23 crore, supported by a strong Q4 performance where PAT jumped 62.6% YoY to ₹16.95 crore. Shareholders are set to receive a final dividend of ₹3.25 per share, reflecting a 32.50% payout on face value. Furthermore, the board approved a strategic investment of up to ₹15 crore in its South African joint venture, Mbodla Investments, to bolster international operations.
Key Highlights
FY26 Net Profit increased by 26% YoY to ₹53.24 crore from ₹42.28 crore.
Q4 FY26 PAT surged 62.6% YoY to ₹16.95 crore compared to ₹10.43 crore in Q4 FY25.
Recommended a final dividend of ₹3.25 per equity share (32.50% of face value).
Approved additional investment up to ₹15 crore in South African Joint Venture, Mbodla Investments (Pty) Ltd.
Revenue from operations for FY26 grew to ₹533.23 crore from ₹504.99 crore in the previous fiscal.
👀 What to Watch
Investors should take note of the strong bottom-line growth and the company's move to expand its international footprint via the South African JV. The consistent dividend and profit growth signal healthy operational efficiency in the rubber recycling business.
Tinna Rubber Recommends ₹3.25 Dividend; FY26 Net Profit Jumps 26% to ₹53.2 Cr
Tinna Rubber and Infrastructure reported a strong financial performance for FY26, with consolidated net profit rising 25.9% YoY to ₹53.24 crore. The Board has recommended a final dividend of ₹3.25 per share, representing 32.5% of the face value. Revenue for the year grew to ₹533.23 crore, bolstered by ₹29.33 crore in revenue from Extended Producer Responsibility (EPR) credits. Furthermore, the company is deepening its international footprint with an additional investment of up to ₹15 crore in its South African joint venture.
Key Highlights
Net Profit for FY26 increased to ₹53.24 crore from ₹42.28 crore in the previous fiscal year.
Recommended a final dividend of ₹3.25 per equity share of ₹10 face value for FY25-26.
Annual Revenue from operations reached ₹533.23 crore, with Q4 revenue growing 20% YoY to ₹154.56 crore.
Approved additional investment up to ₹15 crore in South African JV, Mbodla Investments (Pty) Ltd.
Full-year Earnings Per Share (EPS) improved to ₹29.90 from ₹24.68 YoY.
👀 What to Watch
Investors should take note of the robust profit growth and the company's ability to maintain a healthy dividend payout. The expansion into South Africa and the growing contribution of EPR credits are key growth drivers to watch in the coming quarters.
Tinna Rubber FY26 PAT Rises 26% to ₹53.2 Cr; Recommends ₹3.25 Dividend & JV Expansion
Tinna Rubber and Infrastructure Limited reported a strong financial performance for FY26, with Net Profit growing 25.9% YoY to ₹53.24 crore. The company's revenue from operations reached ₹533.23 crore, bolstered by ₹29.33 crore from Extended Producer Responsibility (EPR) credits. The Board has recommended a final dividend of ₹3.25 per share and approved a further investment of up to ₹15 crore in its South African joint venture. Additionally, the company confirmed the full utilization of ₹78.70 crore raised via QIP for expansion and debt reduction.
Key Highlights
FY26 Net Profit increased to ₹53.24 crore from ₹42.28 crore in the previous year, a growth of 25.9%
Revenue from operations for FY26 stood at ₹533.23 crore, with Q4FY26 contributing ₹154.56 crore
Recommended a final dividend of 32.50% (₹3.25 per equity share) for the financial year 2025-26
Approved additional investment of up to ₹15 crore in South African Joint Venture, Mbodla Investments (Pty) Ltd
Successfully utilized the entire ₹78.70 crore QIP proceeds for capital expenditure, debt repayment, and corporate purposes
👀 What to Watch
The company's robust profit growth and successful deployment of QIP funds for expansion signal strong operational momentum. Investors should monitor the progress of the South African JV as a key driver for international growth.
Tinna Rubber Appoints Abhay Kumar as CFO Following Retirement of Ravindra Chhabra
Tinna Rubber and Infrastructure Limited has announced a planned leadership transition in its finance department. Mr. Ravindra Chhabra will retire as Chief Financial Officer on March 15, 2026, upon reaching the superannuation age of 60, but will remain as an advisor. Mr. Abhay Kumar, who has served as Deputy CFO for the last 2 years, will take over as the new CFO effective March 16, 2026. This internal promotion indicates a focus on continuity and stability in the company's financial management.
Key Highlights
Mr. Ravindra Chhabra retires as CFO effective March 15, 2026, after decades of service.
Mr. Abhay Kumar appointed as CFO effective March 16, 2026, following a 2-year tenure as Deputy CFO.
Incoming CFO Abhay Kumar is a Chartered Accountant with over 20 years of experience in finance and taxation.
Outgoing CFO will continue to support the company in an advisory capacity to ensure a smooth transition.
The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board on March 16, 2026.
👀 What to Watch
This is a routine and planned management change that should not disrupt operations. Investors should continue to monitor the company's financial performance under the new CFO's leadership.
Tinna Rubber Appoints Abhay Kumar as CFO Following Retirement of Ravindra Chhabra
Tinna Rubber and Infrastructure Limited has announced a leadership transition in its finance department effective March 16, 2026. Mr. Ravindra Chhabra has retired as Chief Financial Officer upon reaching the superannuation age of 60 but will remain with the company in an advisory capacity. He is succeeded by Mr. Abhay Kumar, who has served as the company's Deputy CFO for the past two years. This internal promotion is designed to ensure continuity in the company's financial strategies and governance frameworks.
Key Highlights
Mr. Abhay Kumar appointed as Chief Financial Officer (KMP) effective March 16, 2026.
Outgoing CFO Ravindra Chhabra retired on March 15, 2026, after reaching the age of 60.
New CFO Abhay Kumar brings over 20 years of experience and has been Deputy CFO at Tinna Rubber for 2 years.
Mr. Kumar is a Chartered Accountant with prior leadership roles at Spark Minda Group and Hanon Systems.
The outgoing CFO will continue to support the company in an advisory role to facilitate a smooth transition.
👀 What to Watch
This is a routine management transition with an internal candidate, which typically implies stability. Investors should monitor for any changes in financial reporting or capital allocation strategies under the new CFO.
Tinna Rubber Q3 FY26: PAT Jumps 57% YoY, Secures INR 76 Cr Indian Oil Order
Tinna Rubber reported a robust Q3 FY26 with consolidated PAT and EBITDA growing 57% and 53% YoY respectively, maintaining margins above 16%. The company secured a significant two-year work order from Indian Oil Corporation worth INR 76 crores, providing strong visibility for the infrastructure segment. Management reiterated its Vision 2028 target of INR 1,000 crores in revenue with 18%+ EBITDA margins. While international expansion in South Africa is currently loss-making, it is expected to break even by Q2 FY27.
Key Highlights
Consolidated Q3 PAT grew 57% YoY to a 9.2% margin; EBITDA grew 53% YoY to 16.3% margin.
Secured a new two-year work order from Indian Oil Corporation (IOCL) valued at approximately INR 76 crores.
Completed INR 79 crores capex in 9M FY26, with an additional INR 50 crores planned through FY27.
Renewable energy capacity scaling from 1.23 MW to 4.48 MW, targeting 50% power share by FY27.
Oman operations achieved INR 25 crores revenue in 9M FY26 with 80% capacity utilization.
👀 What to Watch
Investors should focus on the company's successful margin expansion and the upcoming trial runs for the pyrolysis and RCB projects in Q4 FY26. The stock remains a strong growth play given the clear roadmap to INR 1,000 Cr revenue and high ROCE targets.
Tinna Rubber Q3FY26 Revenue Rises 13% YoY; EBITDA Margins Expand to 16.3%
Tinna Rubber reported a consolidated revenue of ₹389 crore for 9MFY26, with EBITDA margins expanding by 110 bps to 16.7%. Standalone PAT for the nine-month period reached ₹36 crore, reflecting a 12.5% growth compared to the previous year. The company secured a major ₹75.79 crore order from IOCL and is aggressively expanding its international footprint in Oman, Saudi Arabia, and South Africa. Management's focus on high-margin value-added products and renewable energy (targeting 50% share by FY27) positions the company for sustainable growth.
Key Highlights
Consolidated revenue for 9MFY26 stood at ₹389 crore, with EBITDA margins improving to 16.7% from 15.6% YoY.
Secured a significant two-year work order from IOCL valued at ₹75.79 crore for Crumb Rubber Modifier supply.
Completed ₹79 crore in Capex during 9MFY26, with an additional ₹50 crore planned for the remainder of FY26 and FY27.
International operations in Oman achieved 93% capacity utilization in Q3FY26, contributing ₹25 crore to 9MFY26 revenue.
Renewable energy usage reached 24% of total power consumption, targeting over 50% by FY27 to drive cost savings.
👀 What to Watch
Investors should maintain a positive outlook given the strong margin expansion and robust order book from IOCL. Monitor the breakeven of the South African JV expected in March 2026 and the scale-up of the new PCMB business segment.
Tinna Rubber Q3 Net Profit Jumps 57% YoY to ₹12.8 Cr; Revenue Up 13%
Tinna Rubber and Infrastructure reported a strong Q3 FY26 performance with consolidated net profit rising 57% year-on-year to ₹12.81 crore. Revenue from operations grew by 13.3% to ₹139.06 crore, which includes ₹4.30 crore from Extended Producer Responsibility (EPR) credits. Profitability margins improved significantly as Profit Before Tax (PBT) surged 77% YoY to ₹17.45 crore. Additionally, the company has nearly completed the utilization of ₹78.70 crore raised via QIP for expansion and debt repayment.
Key Highlights
Consolidated Net Profit increased 57% YoY to ₹12.81 crore from ₹8.16 crore.
Revenue from operations grew 13.3% YoY to ₹139.06 crore compared to ₹122.67 crore.
Profit Before Tax (PBT) jumped 77% YoY to ₹17.45 crore, reflecting strong operational leverage.
Earnings Per Share (EPS) rose to ₹7.22 from ₹4.76 in the corresponding quarter last year.
Utilized ₹78.27 crore of the ₹78.70 crore QIP proceeds for Capex at Wada and Gummidipoondi facilities and debt repayment.
👀 What to Watch
The company's strong earnings growth and successful deployment of QIP funds for expansion signal a positive outlook. Investors should maintain a positive stance while monitoring the sustainability of EPR credit revenues and the ramp-up of new capacities.
