TOLINSConsumer Discretionary

Tolins Tyres Limited

Tyres & Rubber Products · ISIN INE0RWQ01014 · BSE 544254 · NSE EQ · FV ₹5
Last price
₹88
+2.50%today
What this company does

Tolins Tyres Limited operates in Tyres & Rubber Products, part of the Consumer Discretionary sector. It booked ₹79 cr of revenue in its latest quarter (Q1 FY27) and kept 7.8% of sales as profit. It is the 7th largest of 8 Tyres & Rubber Products companies we track, by market value.

Tolins Tyres Limited’s 22nd Annual Report for FY 2024-2025 covers our financial and non-financial performance and provides an insight into our business model, strategy, risks, opportunities, performance, and achievements during the period under review.
Their stated vision

is to pioneer initiatives that redefine industry standards, aspiring to lead in shaping a sustainable and prosperous future for our customers and the world.

Their stated mission

is to achieve operational excellence through comprehensive standardiza- tion and innovation, from procurement to delivery.

In the report:
60out of 100
Equitytale Health Score
Mixed

Healthier than 60% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 63–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
27

At close. Not part of the score.

Profitability & returns51

How much profit it earns on the money it employs

Balance sheet84

How much it owes, and whether earnings cover the interest

Cash quality14

Whether reported profit actually arrives as cash

Valuation58

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 69%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Thin 7.8% net margin
! Sales down 12% vs last year
! Profit down 33% vs last year
! Low 6.9% return on equity
! Operating cash flow is negative

What if I invest in TOLINS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹88 +2.50%
latest close · 2026-09-17
52-wk low ₹8542 sessions so far52-wk high ₹106
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio14.0Low
LowAverageHigh
P/B ratio0.96Below book
Below bookModerateHigh
EV / EBITDA9.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.9%Weak
WeakFairStrong ▸15%
Return on capital9.0%Fair
WeakFairStrong
Net margin7.8%Decent
ThinDecentStrong
EBITDA margin11.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover26.2×Strong
RiskyOkayStrong ▸5×
Current ratio10.93Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹349 cr
Book value
₹91
EPS
₹1.57
latest quarter
Net debt
₹6 cr
owes more than its cash
Enterprise value
₹355 cr
EBITDA
₹37 cr
annualised
EBIT
₹33 cr
annualised
Operating margin
10.3%
Return on assets
6.3%
Earnings yield
7.12%
P/S
1.10
Sales / share
₹80.3
Tax rate
21.4%
Face value
₹5
Shares
4.0 cr
Working capital
₹298 cr
Current assets
₹328 cr
Current liabilities
₹30 cr
Delivery %
66.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹65 vs market price ₹88 — price is 37% above it
Safety cushion-36.7%(target ≥ +20%)
Models span ₹63₹136, midpoint ₹65
Model ₹65
Price ₹88
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹79 cr
Other Income₹24.1 L
Total Income₹80 cr
Cost of Materials₹64 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹4 cr
Finance Costs₹31.3 L
Depreciation & Amortisation₹96 L
Other Expenses₹3 cr
Total Expenses₹72 cr
Profit before Tax₹8 cr
Tax Expense₹2 cr
Net Profit₹6 cr
Net margin on total income7.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹63 cr79.1%
Employee benefit expense₹4 cr5.3%
Finance costs₹31.3 L0.4%
Depreciation & amortisation₹96 L1.2%
Other expenses₹3 cr4.1%
Tax expense₹2 cr2.1%
Profit for the period₹6 cr7.8%
Total income ₹80 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue93 cr78 cr79 cr
Total income94 cr79 cr80 cr
Expenses81 cr68 cr72 cr
Profit before tax13 cr11 cr8 cr
Tax2 cr2 cr2 cr
Net profit (owners' share)10 cr9 cr6 cr
Net margin (owners' share, on revenue)11.2%11.5%7.8%
EPS (₹)2.682.261.57
YoY (latest quarter): total income -12.1% · net profit -33.5%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹393 cr
Shareholder equity
₹361 cr
parent shareholders
Total debt
₹11 cr
Cash
₹4 cr
Cash flow · H1 FY26
Operating
₹-14 cr
Investing
₹26 cr
Financing
₹-2 cr
Peer comparison
Tyres & Rubber Products · by market value
CompanyPriceMarket capP/E
MRF Limited₹1,24,585₹52,824 cr26.7
Balkrishna Industries Limited₹2,171₹41,962 cr23.3
Apollo Tyres Limited₹412₹26,176 cr18.7
CEAT Limited₹3,431₹13,724 cr801.7
JK Tyre & Industries Limited₹349₹10,049 cr56.2
TVS Srichakra Limited₹4,886₹3,743 cr27.5
Tolins Tyres Limitedthis company₹88₹349 cr14.0
Modi Rubber Limited₹124₹310 cr18.2
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
68.5%
FII / Foreign
0.0%
DII / Domestic
1.4%
Retail / others
30.0%
Smart-money activity
Bulk / block deals
BoughtBOFA SECURITIES EUROPE SA · NSE2.10 L @ ₹189.9928 Oct 25
SoldHRTI PRIVATE LIMITED · NSE2.17 L @ ₹195.5524 Sep 25
BoughtHRTI PRIVATE LIMITED · NSE2.04 L @ ₹196.2424 Sep 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To Consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
2.09 L votes for, 77 against
2
Re-Appointment of Mrs. Jerin Tolin (DIN: 00412851) as a Non-Executive, Non-Independent Director, who retires by rotation and being eligible, offers herself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
2.08 L votes for, 712 against
3
Appointment of M/s P T Joseph & Co as the Statutory Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 75%
2.08 L votes for, 646 against
4
Ratification of remuneration payable to M/s. BBS & Associates, Cost Auditors, for the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
2.08 L votes for, 646 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 31 named members
owning 68.5% between them · as of 2026-06-30
KALAMPARAMBIL VARKEY TOLIN32.47%
JERIN TOLIN28.82%
JOSE THOMAS6.58%
ANNIE VARKEY0.18%
CHRIS TOLIN0.18%
CYRUS TOLIN0.18%
TOJARANI0.13%
Chris Hotels India Private Limitedno shares
Business done with them
FY2025 · 10 of the group
The company paid ₹20 cr to companies in the promoter group last year — about 6.9% of its ₹292 cr revenue and received ₹6 cr back from them.
TOJA TYRE AND TREADS PVT LTD
Bought goods from them · As stated below
₹9 cr
company paid
Cyrus Traders
Bought goods from them · As stated below
₹7 cr
company paid
TOJA TYRE AND TREADS PVT LTD
Sold goods to them · As stated below
₹2 cr
company received
TOLINS TREAD INDIA PRIVATE LIMITED
Bought goods from them · As stated below
₹2 cr
company paid
Cyrus Traders
Other income from them · As stated below
₹2 cr
company received
PEEJAY RUBBER INDUSTRIES PRIVATE LIMITED
Other income from them · As stated below
₹1 cr
company received
PEEJAY RUBBER INDUSTRIES PRIVATE LIMITED
Bought goods from them · As stated below
₹77.2 L
company paid
TOJA TYRE AND TREADS PVT LTD
Other payments to them · As stated below
₹55.1 L
company paid
Rubber Solutions
Other payments to them · As stated below
₹38.5 L
company paid
Rubber Solutions
Sold goods to them · As stated below
₹32.6 L
company received
TOLINS TREAD INDIA PRIVATE LIMITED
Other income from them · As stated below
₹27.5 L
company received
Cyrus Traders
Sold goods to them · As stated below
₹13.1 L
company received
SAFE BOAT TRIP PRIVATE LIMITED
Other payments to them · As stated below
₹10.6 L
company paid
UNIGLOBE ECONOMIC PARK PRIVATE LIMITED
Other payments to them · As stated below
₹6 L
company paid
QUALITY MIX INDIA PVT LTD
Other payments to them · As stated below
₹5.7 L
company paid
Toshma Rubber Products
Other payments to them · As stated below
₹5.3 L
company paid
SAFE BOAT TRIP PRIVATE LIMITED
Other income from them · As stated below
₹2.3 L
company received
TOLINS WORLD SCHOOL PRIVATE LIMITED
Sold goods to them · As stated below
₹0.3 L
company received

The company also transacted with 9 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹200 cr raised in Sep 2024 by selling shares to the public

As of Jun 2026, the company says it has spent 102% of what it set aside. Brickwork Ratings India Private Limited watches the spending on the exchange’s behalf.

Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by our Company.
spent more than set aside
104%
₹72 cr of ₹70 cr
Augmentation of long-term working capital requirements of our Company
spent more than set aside
100%
₹75 cr of ₹75 cr
Investment in our wholly owned subsidiary, Tolin Rubbers Private Limited to repay and/ or prepay, in full, certain of its short term and long-term borrowings and augmentation of its working capital requirements
100%
₹23 cr of ₹23 cr
General Corporate Purposes
spent more than set aside
118%
₹18 cr of ₹16 cr
Issue expenses
87%
₹14 cr of ₹16 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.