Tolins Tyres Limited has informed the Exchange regarding 'Investor Presentation on standalone and consolidated financial results for the quarter and half year ended 30.09.2025'.
TOLINS TYRES LIMITED
(formerly known as Tolins Tyres Private Limited)
Safer- Stronger - Lives Longer
Date: November 13, 2025
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400001
National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (E) Mumbai – 400051
Scrip Code – 544254
Symbol – TOLINS
Dear Sir/Madam,
Sub: Investors’ Presentation on the Un-Audited Standalone & Consolidated Financial Results for the quarter and half year ended September 30, 2025.
Pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Investors Presentation on the Un-Audited Standalone & Consolidated Financial Results for the quarter and half year ended September 30, 2025 is enclosed.
You are requested to take the same on your records.
For Tolins Tyres Limited
Umesh M Company Secretary and Compliance officer Membership No. A72122.
Registered Office: 1/47, MC Road, Kalady, Kerala, India – 683 574 Phone: +91 484 246 22 22 Toll Free: 1800 123 21 22 Email: info@tolins.com Website: www.tolinstyres.com ISO 9001:2015 & IATF 16949:2016 Certified Company CIN: L25119KL2003PLC016289
RESULT UPDATE PRESENTATION
Q2 & H1 FY26 NOVEMBER 2025
Disclaimer
This presentation has been prepared by Tolins Tyres Limited, solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of the Company nor any of its respective affiliates, advisers or representatives, shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
The information contained in this presentation is only current as of its date. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. Certain statements made in this presentation may not be based on historical information or facts and may be "forward-looking statements", including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to number of factors, including future changes or developments in the Company’s business, its competitive environment, information technology and political, economic, legal and social conditions in India.
Please note that this presentation is based on the publicly available information including but not limited to Company’s website and Annual Reports.
This communication is for general information purposes only, without regard to specific objectives, financial situations and needs of any particular person. Please note that investments in securities are subject to risks including loss of principal amount.
This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.
Index
Quarterly Performance
Company Overview
Business Overview
Consolidated Financials
Industry Overview & Way Forward
QuarterlyPerformance
Management Comment
“Despite a challenging Q2, we achieved year-on-year growth in the first half of FY26, driven by robust demand across our retread and new tyre product lines. In Q2, some customers delayed purchases ahead of the anticipated GST revision on tyres, which temporarily impacted our sales. However, the government’s GST cut on tyres – especially the reduction of GST on tractor and farm tyres from 18% to 5% – is a tailwind that has already improved market sentiment and sparked a rebound in order inquiries. We are confident that the pent-up demand from Q2 will convert to sales in the coming quarters. Additionally, we have launched a new line of tractor rear tyres, which will start contributing from Q3 FY26 onward and is expected to be a key growth lever in the agricultural segment. Our strategic initiatives are also bearing fruit on the customer front. During H1, we broadened our client base by onboarding new institutional customers and expanding into new territories, diversifying our revenue streams. This improved client mix has yielded a healthier order pipeline for specialized tyres and tread rubber. Looking ahead to H2 FY26, we are optimistic and forward-looking. With deferred demand from Q2 starting to flow through, an enhanced product range, and a better-aligned customer mix, Tolins is well-positioned to capitalize on the industry uptick. Easing input costs and our ongoing cost discipline are expected to support margin improvement going forward. Our team remains focused on driving a robust performance and creating value for all stakeholders in the coming quarters”
Dr. Kalamparambil Varkey Tolin, Chairman & Managing Director Tolins Tyres Limited
Q2 &H1 FY26 Financial Highlights
Revenues (Rs. Cr.)
EBITDA & EBITDA Margin %
55.76
76.88
227.22
66.10
292.45
15.25
46.26
8.91
19.83%
13.48 %
20.36%
19.07 %
Q2FY25
Q2FY26
FY24
FY25
Q2 FY25
Q2 FY26
FY24
FY25
9.6
PAT & PAT Margin %
38.68
3.2
EPS (Rs.)
10.81
26.01
6.92
12.49 %
10.47 %
11.45 %
13.23 %
1.68
9.56
Q2FY25
Q2FY26
FY24
FY25
Q2FY25
Q2FY26
FY24
FY25
Quarterly Income Statement
Q2 FY26
Q2 FY25
YoY
Q1 FY26
Particulars (Rs. Cr.)
Revenue from Operations
Other Income
Total Revenue
Raw Materials
Employee Cost
Other Cost
Total Expenditure
EBITDA (excl. Other Income)
EBITDA Margin (%)
Depreciation
Interest
Profit Before Exceptional Items
Income From Associates
PBT
Tax
PAT
PAT Margin (%)
Basic EPS
66.10
0.76
66.84
49.14
4.08
3.96
57.18
8.91
76.88
0.10
76.99
56.70
2.06
2.88
61.64
15.25
13.48%
19.83%
0.77
2.42
12.16
0.00
12.16
2.56
9.60
1.07
0.46
8.12
0.00
8.13
1.21
6.92
10.48%
1.68
89.74
0.74
90.48
67.36
4.44
4.52
76.31
13.44
14.97%
1.09
0.34
12.75
0.00
12.75
3.44
9.30
(13.18)%
(41.50)%
(634) Bps
(33.14)%
(27.92)%
12.49%
(201) Bps
10.37%
3.20
2.48
Capacity Build Up
Tolins Tyres Limited (Standalone)
Tyres
11,286
11,286
PCTR 11,286
15,08,400
15,08,400
15,08,400
36.86%
41.09%
45.38%
31.68%
16.88%
47.82%
53.98%
52.62%
43.49%
3,77,100
3,77,100
24.00%
2,822
2,822
FY23
FY24
FY25
Q1 FY26
Q2 FY26
FY23
FY24
FY25
Q1 FY26
Q2 FY26
Capacity (In Numbers)
Utilization (%)
Capacity (In Tonnes)
Utilization (%)
Tolins Tyres LLC (Wholly owned Foreign Subsidiary)
PCTR
1,200
1,200
1,200
15.00%
22.92%
36.24%
300
43.59%
300
42.22%
FY23
FY24
FY25
Q1FY26
Q2 FY26
Capacity (In Tonnes)
Utilization (%)
Sales Mix
PCTR (in tons)
4,246
3,522
2,731
Tyres (in numbers)
3,93,253
3,16,731
2,68,416
1,239
967
1,13,416
1,37,294
Rubber Compound (in tons)
5,984
5,152
2,731
2,304
1,645
FY23
FY24
FY25 Q1 FY26 Q2 FY26
FY23
FY24
FY25 Q1 FY26 Q2 FY26
FY23
FY24
FY25 Q1 FY26 Q2 FY26
Bonding Gum (in tons) 569
527
226
276
209
Flap (in numbers)
54,884
43,159
36,368
29,062
15,590
FY23
FY24
FY25 Q1 FY26 Q2 FY26
FY23
FY24
FY25 Q1 FY26 Q2 FY26
Sales Mix
Geographical Revenue Split
Top 10 Customer Dependence
Operational Revenue Split
93.60% 94.35% 93.95%
88.19%
83.00%
17.00%
11.81%
6.40% 5.65% 6.05%
42.69%
24.18%
50.86% 51.20%
49.45%
79.03%
75.74%
65.84%
69.36% 68.03%
34.16%
30.64% 31.97%
24.26%
20.97%
FY23
FY24
FY25 Q1 FY26 Q2 FY26
FY23
FY24
FY25 Q1 FY26 Q2 FY26
FY23
FY24
FY25 Q1 FY26 Q2 FY26
Domestic
Exports
Tread Rubber
Tyres
Company
Overview
Facts and Figures
Manufacturing Precured Tread Rubber (PCTR) and Tyres for Light Commercial Vehicles, Agricultural vehicles, and two/three-
wheelers under ‘Tolins Tyres’ Brand
Backward integration - manufacturing Bonding Gum, Vulcanizing Solutions, Tyre Flaps and Tubes.
Presence across India with exports to 40 foreign countries including Middle East, the ASEAN region and Africa
3 manufacturing facilities spread across an area of 221,214 square feet – 2 in Kalady, Kerala and 1 in Ras Al Khaimah, UAE
Annual capacity: Tread Rubber - 12,486 tons; Tyres - 1.51 million units and Rubber Compounds - 17,160 tons
Caters to all three segments of market viz. exports, domestic sales and Original Equipment Manufacturers
In FY24, Company merged different business entities involved in Tyre Retreading, Tyre manufacturing and Ancillary Products into one consolidated entity
FY25 Financial Highlights –
• Rs. 292 Crore Operational Revenue • Rs. 55.8 Crore EBITDA • •
12% ROE 15.7 % ROCE
Timeline and Key Milestones
1982 Tread Rubber manufacturing Unit was founded by late Mr. K.P. Varkey
2005 Commenced Production and Sale of Precured Tread Rubber (PCTR)
2010 Tolins doubling its tyre production capacity in 2010
2015 Started manufacturing of tyres for two/three wheelers
2017 Secured Bureau of Indian Standards Certification for light commercial vehicle tyres
2025
2023 Acquired two wholly own subsidiaries, namely Tolin Rubbers Private Limited and Tolins Tyres LLC (One Person)
Incorporated as a private Limited Company 2003
Started manufacturing of tyres for Light Commercial Vehicle (LCV).
Executed First direct export order 2008
Received certificate from U.S. Department of Transportation for meeting requirements of its federal system standards 2012
Secured Bureau of Indian Standards Certification for two & three wheeler 2016
Acquired plant & machinery in tranches to expand capacity Facility to 5000 tyres per day 2022
Listed on Stock Exchanges 2024
Management - Board of Directors
Dr. Kalamparambil Varkey Tolin, 54, is the Promoter, Chairman, and Managing Director of the company, having been with us since its inception. He holds a B.A. from Mahatma Gandhi University and a Ph.D. in Production Management with a specialization in the tyre industry from Colombo University. With approximately 32 years of experience in the tyre and tread industry, he oversees overall operations and strategic growth initiatives. He is also a recipient of the McMillan Woods Global Award and the Master Class International Export Award.
Jerin Tolin, aged 46 years, is the Promoter, Non- Executive and Non Independent Director of the Company and has been associated with the company since 2004. She holds B.Sc in Mathematics from Sunrise University, Rajasthan and Bachelor of Education in Mathematics from Vishwa Bharatiya Vidya Parishad. She is an active contributor in the field of education since 2020. She has her proprietorship concern in M/s Rubber Solutions involved in the manufacturing of Vulcanising solutions.
Sankarakrishnan Ramalingam, 63, is the Non-Executive and Non Independent Director of the company and has been with us since 2023. He holds a B.Sc. from the University of Bombay and a Diploma in Industrial Chemistry from British Institutes Bombay. With 40 years of experience in commercial and merchant banking, particularly with Syndicate Bank, he has supported numerous companies as an investment banker in raising funds from equity capital markets. He has also served on the boards of several companies and currently oversees corporate governance, compliance, and overall corporate affairs for the company.
Management - Board of Directors
Dr Joseph P M
Sankar Parameswara Panicker
Cris Anna Sojan
• Joseph P M, aged 50 years, is an
Independent Director of our Company.
• He has been associated with our
Company since January 17, 2024.
• He is a qualified MBBS from
Kempagowda Institute of Medical Sciences, Bangalore and holds a diploma in Orthopaedics from the Rajiv Gandhi University of Health Sciences, Karnataka.
• He has been serving as an
orthopaedic consultant in the Ortho Department of P.M.M Hospital, Kerala since 2007.
• Sankar Parameswara Panicker, aged 53 years, is an Independent Director of our Company. He has been associated with our Company since January 17, 2024.
• He holds a Bachelor of Commerce degree from the Mahatma Gandhi University and a bachelor of law degree from Cochin University of Science and Technology, Kochi.
• He is a fellow member of the Institute of
Cost Accountants of India and an Insolvency Professional registered with the Insolvency and Bankruptcy Board of India.
• Presently, he is in legal practice and is a
partner at Panicker and Panicker, Advocates.
• Previously he was employed at Faramonte
Group, HDFC Bank, ICICI Bank.
• Cris Anna Sojan, aged 31 years, is an Independent Director of our Company.
• She has been associated with our Company
since January 17, 2024.
• She is an associate member of the Institute
of Chartered Accountant of India. Previously, she was associated with EY Global Delivery Services for a period of 5 years.
• Presently, she is self-employed as an
independent practicing chartered accountant
Manufacturing Facilities
2 in Kalady, Kerala
3
1 in Ras Al Khaimah, UAE
Manufacturing Facilities
spread across 2,21,214 sq. ft. with land area ~ 13.67 acres
Capability to provide end- to-end manufacturing of rubber and rubber related products, upgrading and modifying assets and equipment.
Kerala Plant 1 - Tyre & PCTR Plant
Kerala Plant 2 - Rubber Compound Plant
Plant Details
Ras Al Khaimah, UAE Plant - PCTR Plant (Owned by Tolins Tyres LLC, wholly owned foreign subsidiary)
Manufacturing Facilities
Business Overview
Product Portfolio
Tyre Retreading
Tyres
Precured tread Rubber (PCTR)
Conventional Tread Rubber
Note: These images are illustrative in nature
Light Commercial Vehicle Tyres (LCV Tyres)
Off the Road/ Agriculture Tyres (OTR Tyres)
Two Wheeler & Three Wheeler Tyres
Product Portfolio
Ancillary Products
Bonding Gum
Vulcanizing Solution
Rope Rubber & others
(cid:1)(cid:3)(cid:4)(cid:5)(cid:6)(cid:7)(cid:8)(cid:9)(cid:5)(cid:10)(cid:5)(cid:7)(cid:11)(cid:12) (cid:13)(cid:14)(cid:5)(cid:10)(cid:7)(cid:13)(cid:15)(cid:5)(cid:7)(cid:11)(cid:16)(cid:16)(cid:17)(cid:10)(cid:4)(cid:15)(cid:13)(cid:4)(cid:11)(cid:18)(cid:5)(cid:7)(cid:11)(cid:19)(cid:7)(cid:19)(cid:13)(cid:4)(cid:17)(cid:15)(cid:5)
Key Strengths
Quality of Products Quality as key driver of organizational growth. Certifications from U.S. Department of Transportation for exports to USA and E mark E32 for Europe.
Integrated manufacturing operations coupled with in-house products and process design capabilities which offer scale, flexibility and comprehensive solutions
Experienced and Dedicated Management Team Dr. KV Tolin, our Chairman and Managing Director, brings over three decades of techno-commercial management experience in the rubber and tyre industry
Long standing relationship with large OEMs & Dealers Over three decades of strong relationships with Indian and global customers offering diverse product portfolio
Research and product development capabilities Prioritise R&D to expand their market share by consistently providing technologically advanced products
Consolidated Annual Financials
Annual Performance
Revenue (Amount in Rs. Cr.)
EBIDTA & PAT (Amount in Rs. Cr.)
292.45
227.22
118.25
FY23 (Standalone) FY24 (Consolidated) FY25 (Consolidated)
27.76%
27.91%
Operational Margins (%)
20.03%
20.41%
19.07%
55.77
38.68
46.37
26.01
12.26
4.99
FY23 (Standalone) FY24 (Consolidated) FY25 (Consolidated)
EBITDA
PAT
10.37%
11.45%
13.23%
4.22%
Gross Margin
EBITDA Margin
PAT Margin
FY23 (Standalone)
FY24 (Consolidated)
FY25 (Consolidated)
(cid:1)(cid:3)(cid:4)(cid:5)(cid:6)(cid:7)(cid:20)(cid:11)(cid:10)(cid:21)(cid:13)(cid:16)(cid:7)(cid:22)(cid:23)(cid:22)(cid:24)(cid:7)(cid:25)(cid:11)(cid:14)(cid:17)(cid:15)(cid:5)(cid:10)(cid:7)(cid:13)(cid:15)(cid:5)(cid:7)(cid:26)(cid:3)(cid:19)(cid:7)(cid:13)(cid:7)(cid:10)(cid:4)(cid:13)(cid:19)(cid:27)(cid:13)(cid:16)(cid:3)(cid:19)(cid:5)(cid:7)(cid:28)(cid:13)(cid:10)(cid:11)(cid:10)(cid:29)(cid:7)(cid:13)(cid:19)(cid:27)(cid:7)(cid:20)(cid:11)(cid:10)(cid:21)(cid:13)(cid:16)(cid:7)(cid:22)(cid:23)(cid:22)(cid:30)(cid:31)(cid:7)(cid:22)(cid:23)(cid:22) (cid:7)(cid:7)(cid:25)(cid:11)(cid:14)(cid:17)(cid:15)(cid:5)(cid:10)(cid:7)(cid:26)(cid:3)(cid:19)(cid:7)(cid:13)(cid:7)(cid:21)(cid:3)(cid:19)(cid:10)(cid:3)(cid:16)(cid:11)(cid:27)(cid:13)(cid:4)(cid:5)(cid:27)(cid:7)(cid:28)(cid:13)(cid:10)(cid:11)(cid:10)(cid:29)(cid:7)(cid:28)(cid:13)(cid:10)(cid:5)(cid:27)(cid:7)(cid:3)(cid:19)(cid:7) (cid:15)(cid:5)(cid:10)(cid:4)(cid:13)(cid:4)(cid:5)(cid:27)(cid:7)(cid:25)(cid:11)(cid:19)(cid:13)(cid:19)(cid:21)(cid:11)(cid:13)(cid:16)(cid:7)(cid:10)(cid:4)(cid:13)(cid:4)(cid:5)(cid:12) (cid:5)(cid:19)(cid:4)
Annual Income Statement
Particulars (Rs. Cr.)
Revenue from Operations
Other Income
Total Operational Revenue
Cost of Raw Materials
Purchase of Stock In Trade
Changes in Inventories of Finished Goods, WIP & Stock in Trade
Employee Cost
Other Cost
Total Expenditure
EBITDA (excl. Other Income)
EBITDA Margin (%)
Depreciation
Interest
PBT
Tax
PAT
PAT Margin (%)
FY25
292.45
2.56
295.00
260.38
0.00
-49.56
13.29
12.57
236.68
55.77
FY24
227.22
1.48
228.69
175.91
0.00
-11.76
6.89
9.81
180.84
46.38
19.07%
20.41%
3.14
5.83
49.36
10.67
38.69
3.37
11.58
32.90
6.892
26.01
13.23%
11.45%
YoY
28.71%
29.00%
20.26%
50.03%
48.76%
(cid:1)(cid:3)(cid:4)(cid:5)(cid:6)(cid:7)(cid:20)(cid:11)(cid:10)(cid:21)(cid:13)(cid:16)(cid:7)(cid:22)(cid:23)(cid:22)(cid:22)(cid:7)(cid:13)(cid:19)(cid:27)(cid:7)(cid:20)(cid:11)(cid:10)(cid:21)(cid:13)(cid:16)(cid:7)(cid:22)(cid:23)(cid:22)(cid:24)(cid:7)(cid:25)(cid:11)(cid:14)(cid:17)(cid:15)(cid:5)(cid:10)(cid:7)(cid:13)(cid:15)(cid:5)(cid:7)(cid:26)(cid:3)(cid:19)(cid:7)(cid:13)(cid:7)(cid:10)(cid:4)(cid:13)(cid:19)(cid:27)(cid:13)(cid:16)(cid:3)(cid:19)(cid:5)(cid:7)(cid:28)(cid:13)(cid:10)(cid:11)(cid:10)(cid:29)(cid:7)(cid:13)(cid:19)(cid:27)(cid:7)(cid:20)(cid:11)(cid:10)(cid:21)(cid:13)(cid:16)(cid:7)(cid:22)(cid:23)(cid:22)(cid:30)(cid:7)(cid:7)(cid:25)(cid:11)(cid:14)(cid:17)(cid:15)(cid:5)(cid:10)(cid:7)(cid:26)(cid:3)(cid:19)(cid:7)(cid:13)(cid:7)(cid:21)(cid:3)(cid:19)(cid:10)(cid:3)(cid:16)(cid:11)(cid:27)(cid:13)(cid:4)(cid:5)(cid:27)(cid:7)(cid:28)(cid:13)(cid:10)(cid:11)(cid:10)(cid:29)(cid:7)(cid:28)(cid:13)(cid:10)(cid:5)(cid:27)(cid:7)(cid:3)(cid:19)(cid:7)(cid:15)(cid:5)(cid:10)(cid:4)(cid:13)(cid:4)(cid:5)(cid:27)(cid:7)(cid:25)(cid:11)(cid:19)(cid:13)(cid:19)(cid:21)(cid:11)(cid:13)(cid:16)(cid:7)(cid:10)(cid:4)(cid:13)(cid:4)(cid:5)(cid:12) (cid:5)(cid:19)(cid:4)
Annual Balance Statement
Particulars (Rs. Cr.)
As on March 31, 2025
As on March 31, 2024
Particulars (Rs. Cr.)
As on March 31, 2025
As on March 31, 2024
Shareholders Funds(a) Equity Share Capital Instrument Entirely in the Nature of Equity Other Equity Non Controlling Interest Non Current Liabilities(b) Financial Liabilities
Borrowings
Provisions Deferred Tax Liabilities (net) Other Non-Current Liablities Current Liabilities(c) Financial Liabilities Borrowings Trade Payables
Payable to MSME Creditors
Payable to Other Creditors
Other Financial Liabilities Other Current Liabilities Provisions Current Tax Liabilities Total Equity & Liabilities(a+b+c)
324.43
19.75
0.00
304.67
0.00
1.45
0.71
0.23
0.50
0.01
100.53
15.33
0.00
85.20
0.00
66.13
61.82
0.24
0.28
3.79
43.88
107.18
16.03
15.42
0.16
14.67
0.79
4.51
4.09
3.62
0.94
16.86
12.60
54.45
1.95
4.96
Non Current Assets (a)
Property Plant & Equipment
Capital WIP
Right of Use Assets
Goodwill
Other Intangible Assets
Financial Asssets
Investments
Other Financial Assets
Defered Tax Assets (Net)
Other Non Currrent Assets
Current Assets (b)
Inventories
Financial assets
Trade receivables
Cash & Cash equivalents Bank Balances other than Cash & Cash Equivalents
Other Financial Assets
Current Tax Assets
Other Current Assets
369.75
273.84
Total Assets (a+b)
63.94
31.21
10.26
0.04
20.81
0.03
0.00
1.09
0.00
0.51
305.82
139.35
102.67
28.19
27.36
2.34
0.00
5.90
369.75
62.06
29.49
10.18
0.00
20.81
0.07
0.00
1.01
0.00
0.50
211.77
83.84
66.04
0.86
1.79
1.50
0.00
57.74
273.84
Industry Overview
And Way Forward
Industry Overview
Tyre Industry: Domestic 2-Wheeler Vehicles Outlook
Million Units
21.2
4.2%
17.4
3.7%
15.2
4.1%
13.7
3.5%
16.3 2.7%
18.4 2.6%
31.7%
32.1%
29.8%
30.9%
34.3%
34.2%
25 - 27 3.0%
39.0%
2-4% CAGR
8-10% CAGR
5-7% CAGR
64.1%
64.3%
66.1%
65.6%
63.0%
63.2%
61.0%
Key Demand Drivers
Macroeconomic support
Rising rural incomes
Rural infrastructure
Financing support
Growing gig economy
Premiumisation in the industry
Electrification in the two-wheeler segment
Shrinking replacement cycles
FY19
FY20
FY21
FY22
FY23
FY24
FY29
Motorcycles
Scooters
Mopeds
Advancement in vehicle technology
Source: SIAM; CRISIL M&A
Industry Overview
Passenger Vehicles Domestic Demand Outlook
Domestic Industry PV Outlook (Volumes)
Million Units
4.5-6.5% CAGR
5.7
Key growth drivers
4.2
3.9
3.4
2.8
2.7
3.1
FY19
FY20
FY21
FY22
FY23
FY24
FY29P
Source: SIAM; CRISIL M&A
Government boost for Compressed natural gas
(CNG)
Premiumization trend
New model launches
EV penetration in Passenger Vehicles
GDP per capita
Vehicle Penetration in India
Industry Overview
Demand for Commercial Vehicle Outlook
Commercial Vehicles Domestic Sales Outlook
Thousand Units
3-5% CAGR
962
83
321
559
968
105
320
543
FY23
FY24
LCV
MHCV
Bus
Source: SIAM; CRISIL M&A
1150-1270
100-120
350-400
700-750
FY29
Key growth drivers
Increasing freight rates to aid in materialization of deferred demand.
Shift in fuel types of CVs to CNG
Stable agricultural output
Healthy industrial growth
Focus on infrastructure and higher mining
production to bolster tipper demand
Capacity utilization and profitability of
transporters
Replacement demand
Scrappage policy
Industry Overview
Growth for Tractor Outlook
Tractor Industry sales expected to increase 4-6% between fiscals 2024 to 2029
Thousand units
1,080
1,130
876
893
940
985
FY24
FY25P
FY26P
FY27P
FY28P
FY29P
Source: CRISIL M&A Consulting
Key growth drivers
Monsoon Performance
Crop Prices
Government Regulations
Financing availability
Non-farm usage of tractors on the rise
Replacement demand expected to
be higher
Industry Overview
Market Size: Tyre Industry Turnover
Tyre Export Outlook
Estimated Turnover (in Rs. Billion)
Tyre Exports (in Rs. Lakh)
6.9% CAGR
9.6% CAGR
900
4.4% CAGR
570
460
12% CAGR
7-9% CAGR
33,000- 35,000
23,125
23,073
21,179
12,889
12,884
14,101
11,180
FY13
FY18
FY23
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY29P
Source: ATMA, Turnover is based on revenue
Source: ATMA, CRISIL M&A Consulting
Industry Overview
Demand for Passenger Vehicle (PV) Tyre Outlook
Demand for Commercial Vehicle (CV) Tyre Outlook
Outlook for PV tyre demand
(Million Units)
52
23
30
59
CAGR 6-8%
25
34
80-95
25- 34
CAGR 4-6%
90-110
27-36
Outlook for CV tyre demand
(Million Units)
28.8
CAGR 7-9%
7.1
34-35
9.5- 10.5
27.4
7.0
46-58
CAGR 7-9%
14.0
60
74
20.4
21.8
34.0
44.0
FY23
FY24
FY29P
FY32P
Replacement Market
OEM
Source: CRISIL M&A Consulting
FY23
FY24
Replacement Market
OEM
Source: CRISIL M&A Consulting
FY29P
FY32P
Way Forward
Expanding Reach of Domestic and International Markets: Expand presence in the domestic market and focus on key international clusters
Improve Efficiencies with Technology Enablement: Further develop technology systems to increase asset productivity
Optimization of the Capacity Utilization: Aims to progressively increase utilization to 75% over the next few years
Expand Product Range by introducing new product range: Plans to invest in developing new products
Pursue Inorganic Growth through Selective Acquisitions: Pursue inorganic growth opportunities through selective strategic acquisitions in the rubber and rubber related products
CSR- Tolins World School
•
In 2014, Tolins Group established an educational institution in Malayattoor, providing education of international standards to kids till Grade 12. By this, the group is committed to give back to its community.
• The 15-acre campus of Tolins World School
the foothills of the Western Ghats and is equipped with all the facilities and amenities essential for providing a top-tier education. This residential co-educational institution can accommodate up to 2,000 students, including a boarding capacity for 1,000
is nestled at
• Mission of Tolins World School is to provide every student with a strong foundation for lifelong success, fostering their development into responsible, compassionate, and productive citizens
Thank You
Mr. Sojan C S CFO –Tolins Tyres Ltd. cfo@tolins.com
Ms. Saloni Nagvekar/ Ms. Wamika Arora AdfactorsPR Investor Relations Saloni.nagvekar@adfactorspr.com Wamika.arora@adfactorspr.com