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Tolins Tyres

Tolins Tyres is a leading manufacturer of bias tyres designed for a wide array of vehicles, including light commercial vehicles, agricultural machinery, and two/three-wheelers. In addition to its extensive tyre range, the company also produces pre-cured tread rubber and other related products, such as bonding gum, vulcanizing solutions, tyre flaps, and tubes.

Tolins Tyres has emerged as a profitable and dynamic force in the retreading and tyre manufacturing sector. From Fiscal 2022 (standalone) to Fiscal 2024 (consolidated), the company’s Profit after Tax (PAT) has demonstrated a remarkable compound annual growth rate (CAGR) of 541.98%. This exceptional growth underscores Tolins Tyres’ strong foothold as a premier tyre retreading solutions provider within India. The company also boasts a significant international presence, exporting its products to 40 countries, including key markets in the Middle East, East Africa, Jordan, Kenya, and Egypt.

As of March 31, 2024, Tolins Tyres operates through a network of 8 depots and 3,737 dealers across India. The company’s manufacturing operations are conducted from three facilities, with two based in Mattoor, Kalady, Kerala, and the third located in the Al Hamra Industrial Zone in Ras Al Khaimah, UAE.

Tolins Tyres IPO Details

Signature Global IPO Details
Tolins Tyres IPO Dates
9 – 11 September 2024
Tolins Tyres Issue Price
INR 215 – 226 per share
Fresh issue
INR 200 crore
Offer For Sale
INR 30 crore
Total IPO Size
INR 230 crore
Minimum bid (size)
66 shares (INR 14,916)
Face Value
INR 5 per share
Retail Allocation
35%
Listing On
NSE, BSE

Tolins Tyres Financial Performance

Signature Global Financial Performance

FY22

FY23

FY24

Revenue

113.37

118.25

227.22

Expenses

113.53

112.65

195.80

Net income

0.63

4.99

26.01

Margin (%)

0.56

4.22

11.45

Figures in INR Crore unless specified otherwise

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