Tolins Tyres Limited (TOLINS) AI Stock Analysis

Tolins Tyres Limited

(NSE:TOLINS)

Select Model

Rating:58Neutral

Price Target:INR 85.00▲(3.19% Upside)

Action:reiterated

Date:08/30/26

The score is most constrained by weak cash-flow quality (negative operating and free cash flow in recent years) and a bearish technical setup (trading below major moving averages with negative MACD). These are partially offset by strong revenue growth, improved leverage on the balance sheet, and a relatively modest P/E valuation.

Positive Factors

Revenue ExpansionSharp revenue expansion indicates stronger demand and growing commercial scale across the company’s tyre business. If sustained, higher volumes can improve operating leverage, support broader customer reach, and provide a stronger base for reinvestment over the next several quarters.

Negative Factors

Weak Cash GenerationPersistent negative operating and free cash flow shows that reported earnings are not converting reliably into cash. This can increase dependence on external funding for working capital or investment, limit financial flexibility, and create liquidity and execution risks if the pattern continues.

Tolins Tyres Limited (TOLINS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 3.32B
Dividend Yield: ―
Average Volume (3M): 4,106
Price to Earnings (P/E): 10.1
Beta (1Y): 1.79
Revenue Growth: 3.52%
EPS Growth: -16.64%
Country: India
Employees: 25
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Tolins Tyres Limited Business Overview & Revenue Model

Company Description

Established in 1982 and headquartered in Aluva, India, Tolins Tyres Limited is an Indian enterprise specializing in the production and distribution of various tires and tread rubber. The company provides a comprehensive range of products, including t...

How the Company Makes Money

Tolins Tyres Limited makes money primarily by manufacturing and selling tyres for two-wheelers and three-wheelers. Revenue is generated from the sale of finished tyres to customers through the replacement (aftermarket) channel and, where applicable,...

Tolins Tyres Limited Financial Statement Overview

Summary

Strong revenue expansion and a much improved balance sheet (debt-to-equity down to ~0.05x by 2025) are positives. However, persistently negative operating and free cash flow in 2024–2026 (especially deep negatives in 2025–2026) is a major risk and outweighs the stronger income statement and leverage profile; 2026 also shows margin pressure with net income down despite higher revenue.

Income Statement

78Positive

Balance Sheet

84Very Positive

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	695.29M	2.92B	3.27B	2.27B	1.18B	1.13B
Gross Profit	231.06M	816.29M	610.91M	630.74M	236.81M	184.63M
EBITDA	132.55M	572.46M	505.97M	454.20M	133.74M	68.49M
Net Income	92.80M	386.82M	356.85M	260.06M	49.92M	6.31M
Balance Sheet
Total Assets	3.70B	3.70B	3.93B	2.22B	838.24M	991.42M
Cash, Cash Equivalents and Short-Term Investments	542.18M	542.18M	51.43M	8.81M	3.76M	4.68M
Total Debt	167.44M	167.44M	108.33M	787.72M	470.29M	488.72M
Total Liabilities	453.28M	453.28M	313.10M	1.21B	644.01M	883.17M
Stockholders Equity	3.24B	3.24B	3.61B	1.01B	194.23M	108.25M
Cash Flow
Free Cash Flow	-442.03M	-664.38M	-445.33M	-171.42M	14.37M	2.98M
Operating Cash Flow	-404.72M	-614.66M	-401.12M	-35.90M	18.15M	25.30M
Investing Cash Flow	-272.49M	-284.02M	222.45M	-541.26M	280.00K	-25.67M
Financing Cash Flow	71.86M	1.17B	-59.11M	577.14M	-19.35M	1.04M

Tolins Tyres Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price82.37

Price Trends

50DMA89.29Negative

100DMA96.28Negative

200DMA103.47Negative

Market Momentum

MACD-2.22Positive

RSI38.65Neutral

STOCH24.63Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TOLINS, the sentiment is Negative. The current price of 82.37 is below the 20-day moving average (MA) of 85.73, below the 50-day MA of 89.29, and below the 200-day MA of 103.47, indicating a bearish trend. The MACD of -2.22 indicates Positive momentum. The RSI at 38.65 is Neutral, neither overbought nor oversold. The STOCH value of 24.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TOLINS.

Tolins Tyres Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TOLINS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:MRF	79Outperform	INR 495.40B	20.53	―	0.20%	11.37%	34.26%
IN:APOLLOTYRE	77Outperform	INR 241.15B	14.46	―	1.53%	11.23%	105.46%
IN:CEATLTD	69Neutral	INR 125.01B	25.29	―	1.08%	24.48%	4.36%
IN:JKTYRE	61Neutral	INR 87.06B	18.66	―	1.24%	12.54%	-11.70%
IN:TOLINS	58Neutral	INR 3.23B	10.13	―	―	3.52%	-16.64%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TVSSRICHAK	52Neutral	INR 31.42B	33.72	―	0.92%	18.56%	244.54%

* General Sector Average

Performance Comparison

IN:TOLINS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TOLINS	Tolins Tyres Limited	82.25	-110.55	-57.34%
IN:APOLLOTYRE	Apollo Tyres Limited.	391.55	-124.09	-24.06%
IN:CEATLTD	CEAT Limited	3231.80	-730.84	-18.44%
IN:JKTYRE	JK Tyre & Industries Limited	323.60	-125.48	-27.94%
IN:MRF	MRF Limited	116974.30	-40632.73	-25.78%
IN:TVSSRICHAK	TVS Srichakra Limited	4103.00	-45.82	-1.10%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 30, 2026

Tolins Tyres Limited AI Stock Analysis