Tolins Tyres Ltd. (TOLINS.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

-195.2%

-₹79.47

vs ₹83.50 price

Levered DCF

-₹173.14

After debt service

Piotroski score

—

Altman Z-score

—

Rating

C-

Overall 1 / 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	9.36×	10.94×	36.38×	190×	1,496.25×
P/B	0.92×	1.31×	9.41×	48.7×	87.38×
P/S	1.02×	1.45×	4.16×	8×	8.34×
EV / EBITDA	6.71×	7.2×	22.54×	74.21×	145.17×
Gross margin	18.7%	27.9%	27.8%	20.0%	16.3%
Operating margin	13.3%	18.3%	19.4%	9.4%	4.3%
Net margin	10.9%	13.2%	11.4%	4.2%	0.6%
Current ratio	10.93×	6.97×	1.43×	1.25×	1.07×
Debt / equity	0.03×	0.05×	0.78×	2.42×	4.51×
Interest coverage	24.46×	11.22×	4.83×	2.34×	1.2×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	9.9%	11.9%	25.9%	25.7%	5.8%
Return on invested capital	9.4%	12.2%	19.4%	11.8%	6.0%
Return on assets	9.1%	10.5%	11.7%	6.0%	0.6%
Free cash flow yield	-13.3%	-15.7%	-1.8%	0.2%	0.0%
Earnings yield	10.7%	9.1%	2.7%	0.5%	0.1%
Enterprise value	₹3.4B	₹4.1B	₹10.2B	₹9.9B	₹9.9B
Net debt / EBITDA	0.11×	-0.2×	1.71×	3.49×	7.07×
Cash conversion cycle (days)	380	345	217	166	57