Tinna Rubber & Infrastructure Limited · NSE:TINNARUBR
Tinna Rubber & Infrastructure — H1 FY27 Earnings Presentation
51 slides from Tinna Rubber & Infrastructure's earnings presentation, Oct 25, 2026
Slide 1: Exchange intimation letter for investor and earnings presentation
Date: October 25, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C-1, Block G, Dalal Street, Mumbai-400001 Bandra Kurla Complex, Bandra (E), Mumbai-400051 BSE Scrip: 530475 NSE Symbol:
Slide 2: Investor & Earnings Presentation Q2 - H1 FY27
Tinna Rubber and Infrastructure Limited Investor & Earnings Presentation Q2 - H1 FY27 Crumb Rubber Polymer Recovered Gym Conveyor Rubber Masterbatches Rubber Moulded Tyres Carbon Pyrolysis Tiles Belt Mat Composite Infill Goods Black Oil
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Tinna Rubber and Infrastructure Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 4: Table of Contents
Table of Contents Performance Highlights – Q2 – H1FY27 Company Overview Key Investment Highlights Annexures
Slide 5: Performance Highlights Q2 – H1FY27
Performance Highlights Q2 – H1FY27
Slide 6: Revenue Nearly Doubled; Earnings Grew 2.5x Over FY23–FY26
Revenue Nearly Doubled; Earnings Grew 2.5x Over FY23–FY26 Building Scale: Revenue Up 1.85x Operating Leverage: EBITDA Up 2.5x Earnings Momentum: PAT Up 2.4x 700 * 126 * 546 505 70 * 94 53 363 76 48 295 313 63 63 40 38 37 22 FY23 FY24 FY25 FY26 H1FY27 FY27 E FY23 FY24 FY25 FY26 H1FY27 FY27 E FY23 FY2
Slide 7: Q2 & H1FY27 Standalone Financial Highlights
Q2 & H1FY27 – Standalone Financial Highlights Revenue from Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 50 22.0% 25.0% 50 20.0% Quarterly Results 18.5% 18.8% 40 20.0% 40 13.3% 15.0% 10.6% 10.7% 30 15.0% 30 10.0% 151 150 20 10.0% 20 33 28 117 10 22 5.0% 10 20 5.0% 12 16 0 0.0% 0 0.0% Q2
Slide 8: Q2 & H1FY27 Consolidated Financial Highlights
Q2 & H1FY27 - Consolidated Financial Highlights Revenue from Operations EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 50 21.7% 25.0% 50 20.0% Quarterly Results 18.0% 18.8% 40 20.0% 40 13.2% 15.0% 10.9% 30 15.0% 30 9.8% 10.0% 156 157 20 10.0% 20 34 29 120 22 5.0% 10 5.0% 10 21 17 12 0 0.0% 0 0.0% Q
Slide 9: Management Analysis on H1FY27 Results
Management Analysis on H1FY27 Results Achieved record H1 profitability on both standalone and consolidated bases, with 01 standalone EBITDA exceeding Rs. 61 crore and PAT crossing Rs. 36 crore, while consolidated EBITDA surpassed Rs. 63 crore and PAT reached Rs. 38 crore. Consolidated Q2FY27 revenue
Slide 10: Segment Wise Revenue Contribution
Segment Wise Revenue Contribution H1FY26 Revenue Break-up H1FY27 Revenue Break-up PCMB Consumer PCMB [CATEGORY 3% 9% 9% NAME] [VALUE]% [CATEGORY NAME] Steel Industry [VALUE]%* 24% [CATEGORY NAME] [CATEGORY [VALUE]% NAME] [PERCENTAG E]* [CATEGORY Infrastructure NAME] 36% [VALUE]% * Export volumes gre
Slide 11: Half-Yearly Key Segment Performance
Half-Yearly Key Segment Performance Infrastructure Segment (INR Cr) Industrial Segment (INR Cr)* H1FY27 112 H1FY27 85 H1FY26 81 H1FY26 62 Despite economic volatility and bitumen supply constraints, the The Industrial segment delivered 37% YoY growth, reflecting sustained Infrastructure segment recor
Slide 12: Key Operational Performance
Key Operational Performance Half Yearly Annual Capacity Volume of Tyres Processed (MT) Tyre Crushing Capacity („000 MT) 1,00,000 [VALUE] 90,000 [VALUE] 80,000 185 70,000 66,000 170 60,000 50,000 40,000 90 80 30,000 72 20,000 15 15 10 15 10,000 6,400 6,835 - H1FY26 H1FY27 FY22 FY23 FY24 FY25 FY26 FY2
Slide 13: Key Q2 & H1FY27 Operational Highlights
Key Q2 & H1FY27 Operational Highlights 01 Tyre crushing volumes grew by 30% YoY to 86,000 TPA in H1 FY27. Demand from the tyre industry continued to drive consumption of Micronized Rubber Powder 02 (MRP) and Reclaimed Rubber (RR). In H1 FY27, production volumes of both MRP and RR grew by 19% YoY, su
Slide 14: Key Q2 & H1FY27 Strategic Highlights
Key Q2 & H1FY27 Strategic Highlights Acquired a 40-acre land parcel to develop an integrated rubber and plastic recycling complex, covering tyre recycling, plastic recycling, 01 pyrolysis and recovered Carbon Black (rCB), with a planned investment of up to Rs. 250 crore over the next three years. Th
Slide 15: Capex Roadmap: Capacity Expansion and Global Growth
Capex Roadmap: Capacity Expansion and Global Growth Strategic investments to scale capacity, diversify product portfolio and expand global footprint CAPEX (Rs. Cr) 01 Completed (till H1FY27) Executed / Commissioned TPO & rCB 250 Polymer Composite & masterbatch business Solar power and other sustaina
Slide 16: Priority R&D Initiatives
Priority R&D Initiatives 01 Rs. 5 Cr. was allocated to R&D for FY27. An R&D team has been constituted to aggressively work on 02 technology for high-performance, new-generation recycled rubber materials and engineered plastics. The company is aggressively pursuing for the value-addition 03 to the re
Slide 17: TP Buildtech Q2 & H1FY27 Financial Performance
TP Buildtech Q2 & H1FY27 Financial Performance Financial Performance (INR Cr) Operational & Strategic Highlights Annual Performance - Trend Analysis 120 20% 01 The Eastern region recorded 13% revenue growth in H1FY27. 100 * 100 17% 14% 15% 80 12% 02 Kolkata plant turnaround targeted by Q3FY27 end to
Slide 18: Update on International Projects (1/3) - Oman
Update on International Projects (1/3) Indian High Commissioner visited our plant in Oman Oman Tinna hosted a delegation from the Environment Authority of Oman The plant operated at 90% capacity utilization in H1FY27, 01 reflecting strong operational performance. 02 H1FY27 Revenue contributed by Oma
Slide 19: Update on International Projects (2/3) - South Africa
Update on International Projects (2/3) South Africa Plant South Africa Phase 1 capex is completed, with breakeven expected by the 01 end of FY27 onwards, and operations have begun, and subsequently, export of the semi-processed material has started. The second phase of the project, focused on full-s
Slide 20: Update on International Projects (3/3) - Saudi Arabia
Update on International Projects (3/3) Saudi Arabia 01 • Tinna has outlined plans to set up a tyre recycling plant in Saudi Arabia, and accordingly, the company has been formed with the name Tinna Rubber Arabia Ltd. 02 • Initial plan is to set up a capacity of 24,000 MT per annum of tyre recycling.
Slide 21: PCMB Business: Scaling Capabilities & Diversifying Product Portfolio
PCMB Business: Scaling Capabilities & Diversifying Product Portfolio 01 Building Capability with Purpose 02 Manufacturing Footprint 03 Product Portfolio Three product families for moulding A deliberate, three-phase entry into Two integrated facilities in Haryana with a total applications across pack
Slide 22: Polymer Composite & Masterbatch (PCMB) Business – Project Update
Polymer Composite & Masterbatch (PCMB) Business – Project Update Sales Volume Growth & Utilization Improvement Sales Volume (in Metric Ton) Sales Milestone Achieved – Revenue grew 01 threefold, rising from Rs. 8 Cr. in H1 FY26 to 2,500 Rs. 27 Cr. in H1 FY27. Revenue Outlook - The division contribute
Slide 23: TPO & rCB - Project Update
Tyre Pyrolysis Oil (TPO) & Recovered Carbon Black (rCB) - Project Update Inaugural Dispatch from rCB & TPO Facility at Varale The Tyre Pyrolysis Oil (TPO) facility at Varale commenced has commenced commercial sales in Q2 FY27, with operations 01 stabilizing by Q3 FY27. Recovered Carbon Black (rCB) p
Slide 24: Vision 2029: Powering the Next Phase of Growth
Vision 2029 : Powering the Next Phase of Growth Locations Revenue Revenue (3 Years CAGR) INR INR 8 10 546 Cr 1,000 Cr 23% 25%+ Current Vision Current Vision Current Vision (FY26) 2029 (FY26) 2029 (FY26) 2029 Profitability Growth EBITDA Margin ROCE (3 Yrs CAGR) 17% 18%+ 34% 33%+ 23% 30%+ Current Visi
Slide 25: Company Overview
Company Overview
Slide 26: Among the Largest ELT Recyclers Globally
Among the Largest ELT Recyclers Globally Expanding tire crushing capacity, diverse ELT sourcing, …have helped Tinna achieve a strong financial performance* & global operations… Source of ELT tyres Manufacturing presence 17.13% 9.68% Europe EBITDA Margin (%) PAT Margin (%) Planned expansion Middle Ea
Slide 27: Our Journey so Far
Our Journey so Far 1977 1980 1982 1987 1990 Group founded under the Tie-up with Japan synthetic Introducing light weight TRIL was incorporated Commenced export of Thermo visionary leadership of Rubber for footwear rubber slippers under the and commissioned leather Plastic Rubber compounds Mr. Bhupin
Slide 28: Our Core Values
Our Core Values Ambition Confidence Discipline Hard Work Honesty Humility Self-motivation https://tinna.in/ 27
Slide 29: Strategically located facilities
Strategically located facilities… Map of Oman not drawn to scale Map of India not drawn to scale Manufacturing presence Source of ELT tyres Panipat Mathura (Haryana) (Uttar Pradesh) Europe Middle Eastern USA countries Oman Saham (Al Batnah) Oman Haldia (West Bengal) Varale | Wada (Maharashtra) Andhr
Slide 30: Tinna's Footprint
Tinna‟s Footprint Established presence across key industrial locations in India 01 Panipat, Haryana Established 02 Wada, Maharashtra Established 03 Haldia, West Bengal Established Tyre Recycling Plant 2001 Tyre Recycling Plant 2013 Tyre Recycling Plant 2013 04 Gummidipoondi, Tamil Nadu Established 0
Slide 31: Waste to Wealth - 400% Value Addition to Waste
Waste to Wealth - 400% Value Addition to Waste Automobile Rubber Parts TPO rCB Conveyor Belts 80, 120, 140, 170 Reclaim MESH (MRP) Rubber RUBBER Roads 30/40 MESH Sports Turfs CRMB CRUMB RUBBER CRM + Bitumen MODIFIER (CRM) for road top layer application Gym Tiles BEAD WIRES Steel Abrasives Rubber Pip
Slide 32: Our Brands
Our Brands https://tinna.in/ 31
Slide 33: Tinna's Business Model is Unique with Strong Moats
Tinna‟s Business Model is Unique with Strong Moats Most Diversified Geographical Base With Global & Pan India Presence Most Diversified Customer Base Diversified Product Applications Most Diversified Raw Material Sector Agnostic Applications Base Long-standing 45+ years of Exceptional Product Custom
Slide 34: ESG Initiatives Driving Long-Term Value Creation
ESG Initiatives Driving Long-Term Value Creation Driving a circular, responsible and sustainable growth ENVIRONMENTAL SOCIAL GOVERNANCE Closing the material loop and Investing in people, communities Strong oversight, ethical practices reducing carbon emissions and a safe workplace and risk managemen
Slide 35: Driving Circularity Through Sustainability & Community Initiatives
Driving Circularity Through Sustainability & Community Initiatives Driving a Cleaner Environment and Stronger Communities TÜV-verified LCA validates significant emissions reduction ENVIRONMENTAL IMPACT OUR FOCUS & TARGETS and improved environmental performance Higher captive renewable energy usage I
Slide 36: Key Investment Highlights
> INVESTMENT Key Investment Highlights
Slide 37: Well positioned to capitalize on strong tailwinds
Well positioned to capitalize on strong tailwinds Play on a large market with Diverse product portfolio Global operational scale Experienced board Strong performance drives a strong focus on across a breadth helps build a truly supported by a strong industry-leading financial and circular economy of
Slide 38: Tinna's Industry Diversity Boosts Stability and Lowers Risk
Tinna's Industry Diversity Boosts Stability and Lowers Risk 222 205 190 145 Infrastructure Infrastructure segment sales 01 Segment (38%)* (INR Cr) Crumb Rubber, CRM, CRMB Bitumen Emulsion FY23 FY24 FY25 FY26 163 135 Industrial 98 Industrial 81 02 Segment (30%)* Hi-Tensile Ultrafine Reclaim segment s
Slide 39: Infrastructure segment: CRM, CRMB and bitumen emulsions
Well-positioned to serve the infrastructure segment with products like CRM, CRMB, and bitumen emulsions… Product Portfolio Demand for Recycled rubber in Infrastructure segment is expected to grow Indian Market Breakup by End-User Industry (In Million metric tons) A blend of waste tire rubber, & hydr
Slide 40: Industrial segment product applications
…complemented by its presence in the industrial segment, offering products for a variety of applications Product Portfolio Indian Recycled Rubber products Market poised for growth by 2030 Indian Recycled Rubber Product Manufacturing Market (In USD Million) 100% strained, devulcanized rubber, free fr
Slide 41: Serving the consumer segment
Further diversifying its portfolio, the company serves the consumer segment as well Product Portfolio Indian Recycled Rubber products market poised for significant growth by 2030 It is 100 % REACH, PAH & RoHS Compliant. As a Indian Recycled Rubber Product Manufacturing Market (In USD Million) Ideal
Slide 42: Operations led by an experienced board and management team
Operations led by an experienced board and management team Mr. Bhupinder Kumar Sekhri Mr. Gaurav Sekhri Mr. Subodh Kumar Sharma Mr. Abhay Kumar Chairman & Managing Director Joint Managing Director Whole-time Director & COO Chief Financial Officer Mr. Sanjay Jain Mr. Vaibhav Dange Mr. Krishna Prapoor
Slide 43: Tinna's strategies are in place to achieve growth going forward
Tinna‟s strategies are in place to achieve growth going forward Expanding tire crushing Tinna leverages its global Tinna aims to pursue Tinna’s strategy focuses on capacity enhances Tinna's operational scale to de-risk its organic and inorganic achieving strong revenue revenue potential by meeting b
Slide 44: Annexures
” ® — =) x ® c = <
Slide 45: Q2 & H1 FY27 Consolidated Financial Performance
Q2 & H1 FY27 Consolidated Financial Performance Particulars (INR Cr.) Q2FY27 Q1FY27 QoQ Q2FY26 YoY H1-FY27 H1-FY26 YoY Operational Income 157 156 0% 120 31% 313 250 25% Total Expenses 127 122 4% 98 30% 249 207 20% EBITDA 29 34 -13% 22 37% 63 42 50% EBITDA Margin (%) 18.8% 21.7% 18.0% 20.3% 17.0% Oth
Slide 46: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Cr.) FY23 FY24 FY25 FY26 H1-FY27 Operational Income 295 363 505 546 313 Total Expenses 258 300 429 452 249 EBITDA 37 63 76 94 63 EBITDA Margin (%) 12.4% 17.2% 15.1% 17.1% 20.3% Other Income 6 1 5 2 1 Depreciation & Amortization 7 6 10 12 9 Ex
Slide 47: Historical Consolidated Balance Sheet Statement
Historical Consolidated Balance Sheet Statement Assets (INR Cr.) FY23 FY24 FY25 FY26 H1-FY27 Equity and Liabilities (INR Cr.) FY23 FY24 FY25 FY26 H1-FY27 Non-current assets Equity share capital 9 17 17 18 18 Property, Plant and Equipment 68 123 179 235 283 Other equity 87 111 161 282 315 Capital wor
Slide 48: Healthy Financial Ratios Reflect Strong Fundamentals
Healthy Financial Ratios Reflect Strong Fundamentals ROCE (%) ROE (%) Working Capital Days 30.84% 31.53% 60 40 42 55 46 26.09% 27.19% 27.14% 22.56% 22.71% 22.60% 18.29% 18.71% 47 46 51 49 40 44 45 41 34 34 33 36 27 30 30 FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY26 H1FY27 FY23 FY24 FY25 FY26 H1FY2
Slide 49: TP Buildtech and the construction chemicals industry
Through TP Buildtech, Tinna can capitalize on the growth in the construction chemicals industry The positive outlook for the construction chemicals market presents growth opportunities for TP Buildtech India Construction Chemicals Market* Growth Drivers (Market Size in USD Bn) Rapid Urbanization and
Slide 50: Capital Market Data
Capital Market Data Number of Public Shareholders 1 Year Share Price Performance 43,546 43,002 44,148 30% 20% 10% 0% 21,701 -10% -20% 14,797 -30% 6,231 4,639 -40% -50% 31st March'21 31st March'22 31st March'23 31st March'24 31st March'25 31st March'26 30th Sept'26 Tinna BSE Shareholding Pattern Shar
Slide 51: Contact Us
Contact Us Investor Relations Contact: Go India Advisors Sana Kapoor Sakshi Narvekar Associate Vice President Senior Associate +91 81465 50469 +91 87792 63625 [email protected] [email protected]
Tinna Rubber and Infrastructure — H1 FY27 Earnings Presentation on 6ix