Tolins Tyres Ltd is a small-cap Tyre manufacturing company with a market cap of Rs. 942 Crore as of 17 Sept 2024. The Tyre industry is likely to grow by a CAGR of 3%. It’s a huge growth expectation that can make Tyre manufacturing companies more profitable. Tolins Tyres’ share price target for 2024, 2025, and 2025 can also make their investors profitable.
On 16 Sept 2024, the Tolins Tyres Ltd stock was listed in the NSE and BSE at Rs. 228. The stock is almost listed at 0 premium as the price range was set to Rs. 215 to Rs. 226 with an issue size of Rs. 230.00 Crore.
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About Tolins Tyres Ltd
Tolins Tyres Ltd company was founded in 1982. It is involved in engaged in the business of manufacturing various types of tyres, tread rubber, and some other small products like tubes, bonding gums, tyre flaps, and more.
The company manufactures various types of tyres like Light Commercial Vehicle Tyres, Off Road/Agriculture Tyres, Two-wheeler Tyres, Three-Wheeler Tyres, Tyre Tubes, Tyre Flaps, etc.
Tolins Tyres Ltd also manufactures Precured Tread Rubber, Conventional Tread Rubber, Bonding Gum, Vulcanizing Solution, Rope Rubber, and more.
The company has a market share of 2.7% in the retread tyre segment and 0.06% in the overall tyre industry.
The company generated 75.75% of its revenue from tread rubber manufacturing and 24.25% from tyre manufacturing in FY24. Also, the company is a leading player in the manufacturing of tread rubber.
Tolins Tyres Ltd’s Scrip Info
| NSE | TOLINS |
| BSE | 544254 |
| ISIN | INE0RWQ01014 |
| SECTOR | TYRES |
Company Analysis
Below, you’ll find information about Tolins Tyres Limited, including financials, fundamentals, and shareholding patterns. This information is important in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Mar 2023 | ₹ |
| Jun 2023 | ₹ |
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹ |
| Mar 2021 | ₹ |
| Mar 2022 | ₹ |
| Mar 2023 | ₹ |
| Mar 2024 | ₹26 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹942 Cr | ROE | 25.87% |
| P/E Ratio (TTM) | 36.22 | EPS (TTM) | 6.58 |
| P/B Ratio | 3.13 | Div. Yield | 0.00% |
| Industry PE | 25.42 | Book Value | 76.07 |
| Debt to Equity | 0.78 | Face Value | 5 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|
| FIIs | NA | NA | NA | NA | 6.92% |
| DIIs | NA | NA | NA | NA | 3.75% |
| Public | NA | NA | NA | NA | 20.81% |
| Promoters | NA | NA | NA | NA | 68.53% |
| Other Holders | NA | NA | NA | NA | 0.00% |
Key Insights
- Zero promoter pledge.
- Low debt on the company.
- The company is making a profit consistently.
- The company can meet its working capital requirement.
- company generated 75.75% of its revenue from tread rubber manufacturing in FY24.
Tolins Tyres Share Price Target
Tolins Tyres’ share price target for 2024, 2025, and 2026 depends on the growth of the tyres industry. The primary business of the company is tyre manufacturing and tread rubber manufacturing. The company generates maximum revenue from tread rubber manufacturing but it is also linked with the tyre industry or sector it is used in the tyre.
In the Tyre sector, Tolins Tyres Ltd company has a market share of 0.06% and a market share of 2.7% in the retread tyre segment. The market share is very low compared with the other major players in the tyre sector. But the good thing is that small-cap stocks like it give massive returns during the good news, positive quarterly results, etc.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹270 | ₹300 |
| 2025 | ₹300 | ₹320 |
| 2026 | ₹320 | ₹350 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Tolins Tyres Share Price Target 2024
As of 17 Sept 2024, the Tolins Tyres stock looks bearish and it may continue falling in the upcoming days. There can be several reasons like no gain in the IPO that’s why people are selling it, low expectations with the stock, less future growth, and many more.
On 17 Sept 2024, the lower circuit hit the Tolins Tyres Ltd stock because of the massive selling. In case, if you fail to exit, then it can be trouble for you to exit in case the selling of the stock continues.
The stock should not fall more than 15% to 20%, it is a common case with recently listed stocks. It is a good company and most probably the stock will start going up once the stock becomes stable, you can see Tolins Tyres’ share price target trading near Rs. 270 to Rs. 300 in 2024.
Tolins Tyres Share Price Target 2025 and 2026
In the Tyre sector, there are various major players like MRF Ltd, Apollo Tyres Ltd, JK Tyre & Industry Ltd, and many more. Below are the market share of the top players in the sector.
| Company Name | Market Share |
|---|---|
| MRF Ltd | 15-16% |
| Apollo Tyres Ltd | 13-14% |
| JK Tyre & Industry Ltd | 12-13% |
| CEAT Ltd | 10-11% |
| Bridgestone India Private Ltd | 9-10% |
As mentioned above, Tolins Tyres Ltd. has a market share of 0.06% in the sector and a 2.7% market share in the retread tyre segment. Competing with other top players will be very tough for the company.
During the low demand for tyres, the small-cap companies’ profits start decreasing as the majority of customers may prefer to buy from the top companies. This is not with only the tyre sector, it happens with almost all sectors.
As per experts, the tyre sector is likely to grow from 196.3 million units to 253.9 million by 2032. It is because, in the automobile sector, medium and heavy-duty vehicles are selling a lot which means the tyre demand will also increase.
The company has approx 2.7% of the market share in the retread tyre segment. The users of these tyres are also increasing as now they are available at a very low price as compared with a new tyre and have the almost same life and durability.
In a few words, the tyre sector is likely to grow a lot in the future. So, no doubt the Tolins Tyres share price target for 2025 and 2026 may also give good returns to the investors and you can see the stock trading near Rs. 300 to Rs. 350.
FAQs
As we mentioned earlier Tolins Tyres Ltd is a small-cap company and here the risk to your investments is much higher but the profits are also multi-baggers.
In the tyre sector, there are many major players like MRF Ltd, Apollo Tyres Ltd, JK Tyre & Industry Ltd, CEAT Ltd, and many more. So, if you want to reduce risk then you can invest in these companies after analysis.
So, for the risky investors the stock can be good but not good for safe investors. Now, you can decide whether the stock is good for you or not.
Tolins Tyres stock is falling from its listing day. It looks like the fall in the stock may continue for a few days to weeks. As in the sector, there are a lot of good players where investing money is a lot safer in terms of risk.
The stock may start going up after making a bottom or consolidating a few weeks at the button. The stock may reach near Rs. 270 to Rs. 300 in the year.
As per experts, the Tyre industry is likely to grow by 3 CAGR. In number, it is likely to grow from 196.3 million units to 253.9 million by 2032.
3 CAGR growth is enough for a decent return from the industry but if it is a small-cap company then it the company revenue will grow or not is a lot confusing.
Final Words
Tolins Tyres Ltd is a small-cap company in the tyre industry/sector. Currently, the market share of the company is 0.07% in the overall tyre industry and 2.7% in the retread tyre segment. As per experts, the tyre industry is likely to grow with a 3 CAGR. Check the Tolins Tyres share price target prediction for 2024, 2025, and 2026 based on these data and information.
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