BSE: 544254 | NSE: TOLINS | Tyres & Allied | Small Cap
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 Overvalued 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 8.4% | 8.9% | 19.2% | 24.9% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | 0.4 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 106 | 113 | 118 | 157 | 157 |
| Sales YoY Gr. | - | 7.1% | 4.3% | 33.2% | - |
| Adj EPS ⓘ | 0.4 | 0.6 | 1.7 | 4.2 | 3.5 |
| YoY Gr. | - | 53.7% | 165.1% | 149.7% | - |
| BVPS (₹) ⓘ | 20.7 | 14.9 | 7.5 | 28.7 | 71.1 |
| Adj Net Profit ⓘ | 0.2 | 0.5 | 4.3 | 12.8 | 14 |
| Cash Flow from Ops. ⓘ | -1.5 | 2.5 | 1.8 | -12.4 | - |
| Debt/CF from Ops. ⓘ | -31.9 | 19.3 | 25.9 | -5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 14.1% | 33.2% | ||||
| Adj EPS ⓘ | NA | NA | 116.7% | 149.7% | ||||
| BVPSⓘ | NA | NA | 11.6% | 284.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2 | 4.5 | 28.7 | 23.8 | 6.9 |
| Op. Profit Mgn % ⓘ | 5.3 | 5.4 | 10.4 | 17.5 | 18.9 |
| Net Profit Mgn % ⓘ | 0.2 | 0.4 | 3.7 | 8.1 | 8.7 |
| Debt to Equity ⓘ | 4.8 | 4.5 | 2.4 | 0.7 | 0 |
| Working Cap Days ⓘ | 0 | 232 | 218 | 200 | 137 |
| Cash Conv. Cycle ⓘ | 0 | 62 | 99 | 145 | 91 |
Sales growth is growing at healthy rate in last 3 years 14.14%
Net Profit is growing at healthy rate in last 3 years 116.66%
Debt to equity has declined versus last 3 years average to 0.70
Sales growth is good in last 4 quarters at 17.34%
Return on Equity has declined versus last 3 years average to 6.90%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.5 | 6.6 |
| TTM Sales (₹ Cr.) | 157 | 227 |
| BVPS (₹.) ⓘ | 71.1 | 75.5 |
| Reserves (₹ Cr.) ⓘ | 261 | 278 |
| P/BV ⓘ | 2.56 | 2.41 |
| PE ⓘ | 52.79 | 27.69 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 156.40 / 238.30 |
| All Time Low / High (₹) | 156.40 / 238.30 |
| Market Cap (₹ Cr.) | 720 |
| Equity (₹ Cr.) | 19.8 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 28.7 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 106 | 113 | 118 | 157 |
| Operating Expenses ⓘ | 100 | 107 | 106 | 130 |
| Manufacturing Costs | 3 | 3 | 3 | 1 |
| Material Costs | 90 | 95 | 95 | 117 |
| Employee Cost | 2 | 4 | 3 | 5 |
| Other Costs ⓘ | 5 | 6 | 5 | 6 |
| Operating Profit ⓘ | 6 | 6 | 12 | 28 |
| Operating Profit Margin (%) | 5.3% | 5.4% | 10.4% | 17.5% |
| Other Income ⓘ | 1 | 1 | 1 | 2 |
| Interest ⓘ | 4 | 4 | 5 | 8 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 7 | 19 |
| Tax ⓘ | 0 | 0 | 2 | 5 |
| Profit After Tax | 1 | 1 | 5 | 14 |
| PAT Margin (%) | 0.7% | 0.6% | 4.2% | 8.7% |
| Adjusted EPS (₹) | 1.6 | 0.9 | 1.9 | 4.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 10 | 11 | 19 | 88 | ||||||
| Share Capital ⓘ | 1 | 1 | 5 | 15 | ||||||
| Reserves ⓘ | 9 | 9 | 14 | 73 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 44 | 46 | 45 | 59 | ||||||
| Long Term Debt | 14 | 15 | 13 | 8 | ||||||
| Short Term Debt | 30 | 31 | 32 | 51 | ||||||
| Trade Payables | 31 | 39 | 13 | 20 | ||||||
| Others Liabilities ⓘ | 4 | 4 | 6 | 9 | ||||||
| Total Liabilities ⓘ | 88 | 99 | 84 | 176 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 28 | 29 | 37 | 40 | ||||||
| Accumulated Depreciation | 14 | 16 | 18 | 20 | ||||||
| Net Fixed Assetsⓘ | 13 | 12 | 19 | 21 | ||||||
| CWIP ⓘ | 7 | 8 | 0 | 5 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 40 | ||||||
| Inventories | 14 | 23 | 37 | 68 | ||||||
| Trade Receivables | 37 | 37 | 24 | 34 | ||||||
| Cash Equivalents | 1 | 1 | 1 | 1 | ||||||
| Others Assetsⓘ | 15 | 18 | 3 | 7 | ||||||
| Total Assets ⓘ | 88 | 99 | 84 | 176 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1 | 3 | 2 | -12 |
| PBT ⓘ | 1 | 1 | 7 | 19 |
| Adjustment ⓘ | 5 | 5 | 5 | 10 |
| Changes in Working Capital ⓘ | -7 | -3 | -10 | -39 |
| Tax Paid ⓘ | 0 | 0 | 0 | -2 |
| Cash Flow From Investing Activity ⓘ | -9 | -3 | 0 | -49 |
| Capex | -2 | -1 | -9 | -3 |
| Net Investments | 0 | 0 | 0 | -41 |
| Others ⓘ | -7 | -1 | 8 | -5 |
| Cash Flow From Financing Activityⓘ | 11 | 0 | -2 | 62 |
| Net Proceeds from Shares ⓘ | 0 | 1 | 4 | 55 |
| Net Proceeds from Borrowing ⓘ | 4 | 1 | -2 | -5 |
| Interest Paid ⓘ | -2 | -3 | -4 | -8 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 9 | 2 | 0 | 20 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.9 | 6.15 | 33.01 | 25.38 | ||||||
| ROCE (%) | 8.44 | 8.94 | 19.23 | 24.94 | ||||||
| Asset Turnover Ratio | 1.2 | 1.21 | 1.29 | 1.21 | ||||||
| PAT to CFO Conversion(x) | -1 | 3 | 0.4 | -0.86 | Working Capital Days | |||||
| Receivable Days | 128 | 119 | 94 | 67 | ||||||
| Inventory Days | 50 | 59 | 92 | 121 | ||||||
| Payable Days | 126 | 134 | 100 | 52 | ||||||
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
Awards, accreditations or recognition
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
