Tolins Tyres : signed a three-year Offtake Agreement with Apollo Tyres

  • Tolins Tyres :  signed a three-year Offtake Agreement with Apollo Tyres


  • CARE Ratings Ltd. had, vide its press release dated December 26, 2023, placed the rating(s) of Tolins Tyres Limited (TTL) under the ‘issuer non-cooperating’ category as TTL had failed to provide information for monitoring of the rating as agreed to in its Rating Agreement. 
    • TTL continues to be non-cooperative despite repeated requests for submission of information through e-mails dated November 10, 2024, November 20, 2024, November 30, 2024 among others. 
    • In line with the extant SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the basis of the best available information which however, in CARE Ratings Ltd.’s opinion is not sufficient to arrive at a fair rating. 
  • Tolins Tyres Private Limited was established in the year 1982 by late Mr. K.P. Varkey subsequently converted to Tolins Tyres Limited (ISIN No.: INE0RWQ01014) as on January 2024 and got listed as in September 2024 on BSE and NSE. 
  • The company is being headed by the Managing Director Dr. K.V. Tolin, who is the son of Mr. K.P. Varkey. 
  • The company has established itself as a major tyre retreading solutions provider across India and as many as 40 foreign countries, including the Middle East, East Africa, Kenya, Jordan, and Egypt. 
  • The major products of the company include two-wheeler, three-wheeler, light commercial vehicle and agricultural tyres, Precured Tread rubber and other accessories including bonding gum, curing bag, tyre flap, repair kit etc.


Tolins Tyres :  9MFY25 55% growth in PAT

  • Tolins Tyres, founded in 1982 is a leading producer in the tyre industry, specializing in a diverse range of Retreading and tyre products. 
  • The portfolio includes two and three-wheeler tyres, Light Commercial Vehicle (LCV) tyres and Agriculture tyres. 
  • Furthermore, Tolins Tyres takes pride in innovative “Procured Tread Rubber” and other retreading products, showcasing its commitment to cutting-edge technology. 
  • These products have not only garnered acclaim in India but have also made a significant impact across 40 countries, including the Middle East, East Africa, Kenya, Jordan, and Egypt. 
  • Tolins stands out as the first Indian retread brand to not only enter but thrive in the highly competitive American market for pre-cured retreading products  
  •   For the nine months ended December 2024, we delivered a solid 55% YoY growth in PAT, supported by business expansion, efficient inventory management, and disciplined cost control
  • The company signed a three-year Offtake Agreement with Apollo Tyres for PCTR and Cushion Gum conversion and packaging, ensuring a minimum monthly order of 200 and 17 tonnes, respectively. This is expected to boost capacity utilization by 22% and 10%, with an option to extend by mutual consent 
  • India remained the primary market, accounting for 86% of total operational revenue, while the UAE contributed 14% in 9MFY25    

Comments

Post a Comment

Popular posts from this blog

Transcript of NMDC Limited post Q4 & FY 2024-25 Results

Image
Transcript of NMDC Limited post Q4 & FY 2024-25 Results Growth in PAT on an annual or a year-on-year 12-month basis of around 19% and PBT after exceptional item of around 16% Gold operations in Legacy, the first year was have also stabilized Legacy in the last 2 months, 3 months.  And hopefully, in this financial year, Legacy would also be showing good profits IMPORTS India which imports around 55 million, 60 million tons is likely to go up to 150 million to 160 million tons of import for India in terms of coking coal.  Have entered into arrangement with SAIL 60% of total sales as of date is routed through SAIL because send it to their stocking yard.  So based on the user charge, they also market mmdc products 40% still Nmdc market directly in terms of HR coils 2025 year will be much more substantially action packed in terms of NMDC Open new mines within India, coal and iron ore Outside India, we hope to acquire a few mines.  This will be a year where it will be ...
Read more

Looking to park some excess funds for the short term.?

Image
Looking to park some excess funds for the short term.  LiquidBeES by Nippon - has been the default choice for years. But lately, it’s become muscle memory to run everything past ChatGPT.  Just a quick: “Is there a better option than LiquidBeES?” It turns out, there is.  LIQUIDCASE by Zerodha AMC.  Difference was not subtle and decision was easier : - Expense ratio: Less than half of LiquidBeES - Net returns: ~6.2% vs ~5.7% (1-year annualized) - Same safety, same liquidity - AUM already >1/3rd of LiquidBeES in record time This is how discovery is changing. And this is how smart products go viral. Zerodha didn’t try to educate the market.  Discovery is no longer driven by ads or advisors.  It’s driven by habit, trust, and tools like ChatGPT. And when you get it right, traction follows fast. I won’t be surprised if LIQUIDCASE overtakes LiquidBeES in under 18 months. Thank you for contacting Rounaq! Please let us know how we can help you.  About me :...
Read more

𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚?

Image
  𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚? Whether you're living in the US, UAE, UK, or Singapore; India continues to be a hotspot for wealth creation. But why do so many NRIs still invest here? Here’s why 👇 ✅ Higher Returns – Indian equity markets, mutual funds, and even fixed deposits offer attractive long-term returns. ✅ Tax-Free Income – Interest from NRE and FCNR deposits is tax-free in India. Plus, DTAA helps avoid double taxation. ✅ Currency Edge – You invest in INR, and with the right timing, your gains in foreign currency terms could be even higher. ✅ Diversification – Indian assets like gold, real estate, and stocks add balance to a global portfolio. ✅ Future Ready – Planning to return to India someday? Build your base early with property or retirement-focused investments. ✅ Emotional Roots – Beyond numbers, India is still home. 💡 Whether it’s for wealth creation, retirement planning, or building assets back home, India offers a solid mix of growth + stability...
Read more