Tinna Rubber pushes back ₹1,000 cr revenue target by one year
Management delayed the Vision 2028 goal to 2029, citing timeline shifts in South Africa and a postponed start for its recovered carbon black plant.
— 3 earlier stories on Tinna Rubber And Infrastructure Ltd. →What's new
- Tinna Rubber deferred its ₹1,000 cr revenue goal by one year to FY29.
- South Africa JV break-even delayed to Q2 FY27; RCB plant trials also pushed to Q2.
- Management targets 20-25% revenue growth for the current year.
Why this matters
The company delivered record volumes of 155,000 tonnes, yet the operational delays suggest execution headwinds. Pushing back a major strategic target by a full year is a clear signal that the original timeline was overly optimistic.
What we're watching
- Whether the new pyrolysis and RCB plants meet the ₹50-55 crore contribution target.
- Progress on the South Africa JV in the second quarter.
- Maintenance of 18%+ EBITDA margins as growth scales.
The full read
Tinna Rubber hit a record 155,000 tonnes in tyre processing volumes for the year ended March 2026, but the company is tempering its outlook. Management used the May 2026 earnings call to push its ₹1,000 crore revenue target back by a full year, moving the goal from Vision 2028 to Vision 2029. Operational delays are the primary culprit. The South Africa joint venture, originally slated to break even by March 2026, is now expected to hit that mark in the second quarter of the current year. Similarly, trial runs for the recovered carbon black plant have been pushed to the second quarter. Despite these setbacks, the company maintains a 20-25% revenue growth target for the year, banking on the new pyrolysis and recovered carbon black plants to add ₹50-55 crore to the top line. The company is currently operating at 18%+ EBITDA margins, but the timeline shifts suggest the path to its long-term revenue goal is proving more difficult than initially projected.
Questions answered
- Why did Tinna Rubber revise its Vision 2028 target?
- Management pushed the target to FY29 due to operational delays. These include a later break-even date for the South Africa joint venture and postponed trial runs for the recovered carbon black plant.
- What is the expected contribution from the new plants?
- The company expects the new pyrolysis and recovered carbon black plants to contribute between ₹50 crore and ₹55 crore in the current financial year.
- How did the company perform in the year ending March 2026?
- Tinna Rubber processed a record 155,000 tonnes of tyres. Consolidated revenue grew 8% and net profit rose 9%.
- What is the current revenue growth guidance?
- Management expects revenue growth of 20-25% for the current financial year.
Story so far
All notes on TINNARUBR →- 25 May 2026 · 6:26 PM IST Tinna Rubber pushes back ₹1,000 cr revenue target by one year
- today Tinna Rubber transcript adds no new data to Q4 results
- 6d ago Tinna Rubber profit jumps 26% on ₹533 crore revenue
- 6d ago Tinna Rubber profit climbs 26% as board approves South African venture