Tinna Rubber and Infrastructure Limited — PPTs, 23-05-2026: Investor Presentation

Here's a summary of Tinna Rubber And Infrastructure Limited's performance:

**Business Performance:**

Consolidated revenues grew 8% to ₹546 Cr in FY26. EBITDA and PAT margins saw improvement, with EBITDA growing 23% YoY. The Infrastructure segment contributed 38% of revenue, followed by Industrial (30%) and Steel (20%). The PCMB business is showing strong growth, with revenue contribution rising to 4% in FY26. Tyre crushing volumes reached an all-time high, with India volumes up 15% YoY.

**Growth Drivers or Strategy:**

The company is focusing on expanding its Polymer Composite & Masterbatch (PCMB) business, targeting an 8-10% revenue contribution in FY27. They are also investing in expanding MRP capacity and have enhanced feedstock flexibility to reduce raw material costs. Global operations are being de-risked with planned expansions in Saudi Arabia and South Africa.

**Recent Developments:**

Tinna has commenced operations of its recovered carbon black (rCB) and Tyre Pyrolysis Oil (TPO) plants. They also received a two-year contract from Indian Oil Corporation for Crumb Rubber Modifier supply. The company has outlined plans for a tyre recycling plant in Saudi Arabia and is expanding its PCMB capacity in Haryana.

**Key Financial Metrics:**

Consolidated FY26 revenue stood at ₹546 Cr, with EBITDA at ₹94 Cr and PAT at ₹53 Cr. Debt reduced by 10% to ₹121 Cr, and the interest coverage ratio improved to 7.49x.

**Management Commentary / Outlook:**

Management anticipates normalization of performance in coming quarters, with recovery expected from international projects. The company plans ~₹100 Cr in capex over FY27-FY28. They are well-positioned to capitalize on the growing recycled rubber market driven by rising natural rubber prices and a strong focus on the circular economy.