Tinna Rubber and Infrastructure Limited (TINNARUBR.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-81.3%

₹152.55

vs ₹816.90 price

Levered DCF

-₹202.38

After debt service

Piotroski score

—

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	17.98×	36.17×	43.42×	80.22×	103.46×
P/B	3.16×	9.82×	13.69×	18.22×	22.59×
P/S	1.74×	3.47×	4.83×	5.95×	7.67×
EV / EBITDA	11.33×	22.64×	27.99×	42.16×	45.88×
Gross margin	34.6%	44.3%	43.5%	38.7%	48.3%
Operating margin	14.9%	13.5%	15.9%	12.0%	14.2%
Net margin	9.7%	9.6%	11.1%	7.4%	7.4%
Current ratio	1.12×	1.14×	1.1×	1.32×	1.08×
Debt / equity	0.43×	0.76×	0.67×	0.63×	0.91×
Interest coverage	7.49×	6.67×	8.93×	4.98×	3.92×
Dividend yield	0.7%	0.2%	0.5%	0.2%	0.0%
Payout ratio	13.2%	7.1%	23.2%	15.7%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	17.6%	27.1%	31.5%	22.7%	21.8%
Return on invested capital	13.5%	16.1%	20.0%	16.4%	15.3%
Return on assets	10.0%	12.6%	15.0%	11.3%	9.0%
Free cash flow yield	-6.5%	-1.9%	-0.8%	1.4%	0.5%
Earnings yield	5.6%	2.8%	2.3%	1.2%	1.0%
Enterprise value	₹10.8B	₹18.8B	₹18.3B	₹18.1B	₹18.2B
Net debt / EBITDA	1.35×	1.61×	1.31×	1.37×	1.76×
Cash conversion cycle (days)	60	67	58	77	77