Financial Performance Highlights

Quarterly Performance (Q4 FY26):

  • Revenue from Operations: ₹77.99 crore (compared to ₹69.53 crore in Q4 FY25)
  • Other Income: ₹0.94 crore
  • Total Revenue: ₹78.92 crore (11.63% YoY growth)
  • Total Expenditure: ₹66.76 crore
  • EBITDA (excl. Other Income): ₹11.22 crore (17.27% decline YoY)
  • EBITDA Margin: 14.39% (519 bps decline YoY)
  • Depreciation: ₹0.94 crore
  • Interest: ₹0.22 crore
  • Profit Before Exceptional Items: ₹11.00 crore
  • PBT: ₹11.00 crore (15.39% decline YoY)
  • Tax: ₹2.06 crore
  • PAT: ₹8.94 crore (3.67% decline YoY)
  • PAT Margin: 11.46%

Annual Performance (FY26):

  • Revenue from Operations: ₹327.12 crore (compared to ₹292.45 crore in FY25, 11.86% growth)
  • Other Income: ₹2.80 crore
  • Total Revenue: ₹329.92 crore (11.85% growth)
  • Total Expenditure: ₹279.32 crore
  • EBITDA (excl. Other Income): ₹47.80 crore (17.46% decline)
  • EBITDA Margin: 14.61% (519 bps decline)
  • Depreciation: ₹4.20 crore
  • Interest: ₹1.78 crore
  • Profit Before Exceptional Items: ₹44.61 crore
  • PBT: ₹44.61 crore (9.58% decline)
  • Tax: ₹8.93 crore
  • PAT: ₹35.69 crore (7.72% decline)
  • PAT Margin: 10.91%

Balance Sheet Position (as of March 31, 2026)

  • Shareholders' Funds: ₹361.24 crore
  • Equity Share Capital: ₹19.754 crore
  • Non-Current Liabilities: ₹1.27 crore
  • Current Liabilities: ₹30.05 crore
  • Total Equity & Liabilities: ₹392.55 crore
  • Non-Current Assets: ₹64.16 crore
  • Current Assets: ₹328.39 crore
  • Inventories: ₹180.882 crore
  • Trade Receivables: ₹128.484 crore
  • Cash & Cash Equivalents: ₹4.415 crore
  • Consolidated Debt-Equity Ratio: 0.03x

Operational Highlights

  • Manufacturing capacity: Precured Tread Rubber (PCTR) - 12,486 tons; Tyres - 1.51 million units; Rubber Compounds - 17,160 tons
  • 3 manufacturing facilities across 221,214 square feet (2 in Kalady, Kerala and 1 in Ras Al Khaimah, UAE)
  • Land area: ~13.67 acres
  • Exports to 40 foreign countries including Middle East, ASEAN region, and Africa
  • Product portfolio includes PCTR, Conventional Tread Rubber, LCV Tyres, OTR Tyres, Agriculture Tyres, Two/Three Wheeler Tyres, and ancillary products

Management Commentary

FY26 marked another year of steady progress with focus on strengthening market presence and improving operational efficiencies. The company continued to strengthen its domestic and international presence, capitalizing on emerging opportunities across key markets. The quarter witnessed some impact from volatility in raw material prices, higher inventory holding, and elongated receivable cycles amid evolving geopolitical conditions.

Forward Outlook

The company will continue to focus on operational efficiency, strengthening customer relationships, expanding export opportunities, and driving sustainable long-term value creation. Plans include investing in developing new product ranges.

Corporate Structure

Key management includes Dr. KV Tolin (Chairman and MD with 32 years of experience), Jerin Tolin, Sankarakrishnan Ramalingam, and Umesh M (Company Secretary and Compliance Officer).