TOLINS

Tolins Tyres financials

Market cap: ₹361 Cr
Sector: Automobile and Auto Components
Calls analysed: 3

Latest concall · Q4 FY26 · call held 01 Jun 2026

Tolins Tyres Q4 FY26

Revenue ₹327.12 cr +12%EBITDA ₹47.8 cr −17%EBITDA Margin 14.6% PAT ₹35.69 cr −8%

What went well

FY26 consolidated revenue from operations grew by approximately 12% year-on-year to INR 327.12 crores.
Tyre production volume increased by 36% in FY26, from 393,253 tyres in FY25 to 535,870 tyres.
PCTR (Precured Tread Rubber) volume grew by 10%, and bonding gum/flaps by 56%.

What to watch

EBITDA for FY26 declined to INR 47.8 crores from INR 57.91 crores in FY25, with margin at 14.6%.
Q4 FY26 EBITDA declined to INR 11.22 crores from INR 13.57 crores in Q4 FY25, with margin at 14.4%.

Read the full call →

Guidance record · Q4 FY26

what the last two calls moved 10 tracked 4 delivered 3 missed 3 open

Revenue Growth delivered, diluted said Q4 FY25 Promised: 20%-25% CAGR growth in tune with what we did in 24-25 Q4 FY26: Achieved 11.85% YoY growth for FY26, missing original 20-25% target but beating the revised 10% guidance.
EBITDA Margin missed said Q4 FY25 Promised: operate in the region of about 17%-20% on the EBITDA side Q4 FY26: FY26 EBITDA margin was 14.6%, below the 17%-20% target band. Management guided for 10-13% going forward.
EBITDA Margin open said Q4 FY26 Promised: 10% to 13% will be an acceptable margin level what we are foreseeing. Q4 FY26: Set new, lower EBITDA margin guidance band of 10-13% for the future.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 11.7%, net profit down 33.4% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	77	70	70	90	66 −14%	93 +34%	78 +12%	79 −12%
Expenses	62	57	56	76	57	79	67	70
EBITDA	15	13	14	13	9 −41%	14 +13%	11 −17%	9 −34%
Margin	20%	18%	20%	15%	14%	15%	14%	11%
Other income	0	1	1	1	1	0	1	0
Interest	2	1	1	0	0	1	0	0
Depreciation	1	1	1	1	1	1	1	1
Profit before tax	12	13	13	13	8 −33%	13 +1%	11 −15%	8 −38%
Tax rate	21%	14%	29%	27%	15%	17%	19%	21%
Net profit	10	11	9	9	7 −28%	10 −4%	9 −4%	6 −33%
EPS	2.43	2.76	2.35	2.35	1.76	2.66	2.26	1.57

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −49.1% 1Y

1Y: ₹175.57 on 10 Sept 2025 → ₹89.4. High ₹196.13 (16 Sept 2025), low ₹84.45 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26: −5.3%; 1 Jun
Q2 FY26: −1.1%; 18 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 14.4% a year over 2 years, FY24 to FY26. Operating margin narrowed to 14.6%.

Year ending	FY24	FY25	FY26
Revenue	₹250 Cr	₹292 Cr	₹327 Cr
Operating profit	₹51 Cr	₹56 Cr	₹48 Cr
Operating margin	20.5%	19.2%	14.6%
Interest	₹12 Cr	₹6 Cr	₹2 Cr
Depreciation	₹4 Cr	₹3 Cr	₹4 Cr
Net profit	₹31 Cr	₹39 Cr	₹36 Cr
Net margin	12.2%	13.2%	10.9%
Cash from operations	₹-4 Cr	₹-61 Cr	₹-40 Cr
Free cash flow	₹-17 Cr	₹-66 Cr	₹-44 Cr
ROCE	—	21.0%	13.0%

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY24	FY25	FY26
Equity capital	₹15 Cr	₹20 Cr	₹20 Cr
Reserves	₹85 Cr	₹321 Cr	₹341 Cr
Borrowings	₹79 Cr	₹16 Cr	₹11 Cr
Other liabilities	₹42 Cr	₹31 Cr	₹20 Cr
Total liabilities	₹222 Cr	₹388 Cr	₹393 Cr
Fixed assets	₹50 Cr	₹50 Cr	₹50 Cr
Capital work in progress	₹10 Cr	₹10 Cr	₹12 Cr
Investments	₹0 Cr	₹0 Cr	₹0 Cr
Other assets	₹161 Cr	₹327 Cr	₹330 Cr
Total assets	₹222 Cr	₹388 Cr	₹393 Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.13 pp while DIIs trimmed −0.74 pp. The shareholder count shrank 1% to 51,846.

Promoters: 68.5%
DIIs: 1.4%
Public: 30.0%

Since Jun 2025

Public +1.13 pp
DIIs −0.74 pp
FIIs −0.39 pp

How it drifted, 8 quarters

Over this window the public went from 23.9% to 30.0% — +6.1 pp.

Sep '24Jun '25Jun '26

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Tolins Tyres Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

Holder	Stake	Change
Kalamparambil Varkey Tolin	32.47%	unchanged
Jerin Tolin	28.82%	unchanged
Jose Thomas	6.58%	unchanged
Invicta Continuum Fund I AIF	1.17%	unchanged
Chris Tolin	0.18%	unchanged
Cyrus Tolin	0.18%	unchanged
Annie Varkey	0.18%	unchanged
Tojarani	0.13%	unchanged
Tolins Rubber	0.00%	unchanged
Toshma Rubber Products	0.00%	unchanged
Rubber Solutions	0.00%	unchanged
Tolins Hotels and Resorts	0.00%	unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹89, this stock must grow earnings at 2% every year for 7 years. Our analysis caps realistic growth at ~8%. At that growth it is worth ₹128 — upside of 43%.

Growth the price implies: 1.6% a year; for 7 years, fading to 4%
It has actually compounded at: 8.2% a year; net profit, FY24–FY26
The gap: -0.1 pp; 43% downside if it only repeats history

Price today ₹89.4 Value at the reference growth ₹127.88

Change the assumptions yourself →

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse Tolins Tyres Limited

Guides on how to read this kind of business and the numbers that matter.