Company Valuation: Tinna Rubber and Infrastructure Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 315.2 2,614 2,972 11,978 15,954 9,612
Change - 729.48% 13.66% 303.08% 33.19% -39.75%
Enterprise Value (EV) 1 975.2 3,312 3,558 12,822 17,225 10,893
Change - 239.57% 7.45% 260.33% 34.34% -36.76%
P/E -228x 15.5x 13.6x 29.7x 33x 18x
PBR 0.47x 3.38x 3.1x 9.35x 8.95x 3.2x
PEG - -0x 0.5x 0.4x 1.7x 3.43x
Capitalization / Revenue 0.24x 1.1x 1.01x 3.3x 3.16x 1.76x
EV / Revenue 0.75x 1.4x 1.2x 3.53x 3.41x 2x
EV / EBITDA 5.71x 9.1x 9.82x 20.6x 22.6x 11.7x
EV / EBIT 10.3x 11.7x 12x 22.8x 25.9x 13.4x
EV / FCF 20.9x -51.6x 82.1x -50.9x -31.2x -14.6x
FCF Yield 4.79% -1.94% 1.22% -1.96% -3.2% -6.86%
Dividend per Share 2 - 2 2.5 5 4 3.25
Rate of return - 1.31% 1.44% 0.72% 0.43% 0.61%
EPS 2 -0.0806 9.864 12.72 23.52 28.19 29.67
Distribution rate - 20.3% 19.6% 21.3% 14.2% 11%
Net sales 1 1,301 2,372 2,954 3,630 5,053 5,458
EBITDA 1 170.7 364 362.2 623.4 762.6 933.5
EBIT 1 94.5 283.5 296.6 563.4 666.2 812.7
Net income 1 -1.381 169 218 402.9 483.6 528.5
Net Debt 1 660.1 697.2 586.9 844 1,272 1,280
Reference price 2 18.40 152.62 173.48 699.25 931.35 533.55
Nbr of stocks (in thousands) 17,130 17,130 17,130 17,130 17,130 18,016
Announcement Date 8/20/21 A 6/9/22 A 8/3/23 A 7/11/24 A 6/24/25 A 8/24/26 A
1INR in Million2INR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 179M
36.18x4.95x20.09x1.07% 76.97B
30.67x4.58x19.79x2.17% 37.73B
24.9x2.96x15.37x2.09% 35.38B
14.3x1.5x8.35x2.92% 31.95B
35.54x6.47x17.17x1.74% 29.7B
14.16x1.37x8.42x2.23% 25.47B
37.74x9.28x27.81x2.3% 22.97B
8.83x2.52x5.02x2.96% 18.53B
24.38x2.64x10.73x1.85% 17.54B
Average 25.19x 4.03x 14.75x 2.15% 29.64B
Weighted average by Cap. 27.52x 4.19x 16.03x 1.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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