Tolins Tyres Limited is a tyre manufacturing company. The company provides tyre retreading solutions in India and exports to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt.

The company’s business can be divided into two verticals: Tyre manufacturing and Tread Rubber manufacturing.

As of March 31, 2024, the company’s products include Light Commercial Vehicle Tyres, Off Road/Agriculture Tyres, Two-wheeler & Three-wheeler Tyres, Tyre Tubes & Tyre Flaps, Precured Tread Rubber, Conventional Tread Rubber, Bonding Gum, Vulcanizing solution, Rope Rubber & Others. The company manufactures a range of products, including two-wheelers, three-wheelers, light commercial vehicles, agricultural tyres, tread rubber, and various accessories such as bonding gum, tyre flaps, and vulcanizing solutions. As of March 31, 2024, the company operated 8 depots and had 3,737 dealers nationwide. The company operates three manufacturing facilities, with two located at Mattoor in Kalady, Kerala, and the third in Al Hamra Industrial Zone in Ras Al Khaimah, UAE.

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• Diversified Product Range and Customised Product Offering
• Quality of Products: It has been accredited with various quality certifications such as ISO 9001:2015, IATF 16949:2016  issued  by  UK  Certifications  and  almost  all  required  sizes  have  got  BIS  product certification, which is mandatory for manufacturing and marketing Tyres inIndia.
• Long standing relationship with large OEMs and dealer network in India and its Depots.
• Integrated manufacturing operations coupled with in-house products and process design capabilities which offer scale, flexibility and comprehensive solution.
• Locational Advantage: Two  of  its  manufacturing  facilities  are  located  in  Kalady,  which  is  a  town  in Ernakulam District of Kerala, is in close vicinity of the city of Cochin, Kerala, India, These Manufacturing Facilities are also well connected with Indian Railways through Angamally Railway Station which is approx. 5 kms from our Manufacturing Facilities.

1. Repayment and/or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the Company;
2. Augmentation of long-term working capital requirements of the company;
3. Investment in the wholly owned subsidiary, Tolin Rubbers Private Limited, to repay and/ or prepay, in full, certain of its short-term and long-term borrowings and augmentation of its working capital requirements; and
4. General corporate purposes.

The company is into tyre trading business. As on FY24 earnings, the IPO is valued at 23.78 times of P/E multiple. Hence, Investor may subscribe for medium to long term perspective.