Crorepati Stock: Rs 10 lakh becomes Rs 4.5 cr in 3 years; do you own?

crorepati stock: rs 10 lakh becomes rs 4.5 cr in 3 years; do you own tinna rubber and infrastructure?

Crorepati Stock: Tinna Rubber and Infrastructure Ltd. has delivered a multibagger return of 4,420 per cent in just three years. In the past one year only, its shares have zoomed 279 per cent.

On technical setup, the counter was last seen trading higher than the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMAs). The scrip’s 14-day relative strength index (RSI) came at 62.87. Traditionally, a level below 30 is defined as oversold while a value above 70 is considered overbought.

The company’s stock has a price-to-equity (P/E) ratio of 44.26 against a price-to-book (P/B) value of 12.03. Its Enterprise Value-to-Earnings Before Interest, Taxes, Depreciation, and Amortisation (EV/EBITDA) stands at 29.97.

Tinna Rubber and Infrastructure Limited is India’s leading End of Life Tire Material Recycler with more than 40 year of heritage. It a public limited company with pan India presence. It has five state of the art recycling plants, according to the company’s official website.

Rs 10 lakh to Rs 4.5 crore in 3 years

If someone had invested Rs 10 lakh in the company three years ago, given the whopping 4,420 per cent returns, their investment would have grown to Rs 4.42 crore. So, including the initial investment, their total amount after three years would be Rs 4.52 crore.

Tinna Rubber and Infrastructure News

The company has recently clinched a lucrative two-year contract with Indian Oil Corporation Limited, valued at Rs 107 crore, for the supply of Crumb Rubber Modifier. Tinna Rubber and Infrastructure anticipates a rise in consumer sales, particularly in Sports Turfs, Gym Mats, and Rubber Tiles, in FY24.

The company has recently ventured into the making of Thermo Plastic Elastomer (TPE) out of waste rubber & waste plastic Panipat. The capacity product for this product is estimated to be around 6,000 MT annually. The commencement of Production is expected to be started by Q4 FY24.

Tinna Rubber and Infrastructure Q3 Results 2024

• Net Sales at Rs 93.02 crore in December 2023, up 23.7 per cent from Rs 75.20 crore in December 2022.
• Quarterly Net Profit at Rs 9.96 crore in December 2023 up 111.9 per cent from Rs 4.70 crore in December 2022.
• EBITDA stands at Rs 15.76 crore in December 2023 up 57.6 per cent from Rs 10 crore in December 2022.
• Tinna Rubber’s EPS has increased to Rs 5.81 in December 2023 from Rs 5.49 in December 2022.

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