Tinna Rubber and Infrastructure Stocks Earned 2400% Returns in 3 Years!

Tinna Rubber and Infrastructure Limited, established in 1987 by Bhupinder Kumar Sekhri, operates as a professionally managed company. It has experienced rapid expansion as a fully integrated organization that converts waste tyres into valuable downstream products. The company prioritizes the use of modern technology to deliver high-quality services and enhance business efficiency, with a strong focus on customer satisfaction and achieving significant milestones.

Firstly, Tinna Rubber and Infrastructure Limited is embarking on a new venture by establishing a plant dedicated to the production of Thermo Plastic Elastomer (TPE) at their Panipat facility. This innovative plant aims to address plastic pollution by utilizing waste plastic and rubber as raw materials and transforming them into valuable resources, thus, contributing to environmental sustainability. With an estimated capacity of processing 6,000 tons annually, the plant will actively reduce the environmental harm caused by plastic and rubber waste. The company expects to commission the plant by the end of the current financial year. The investment for this project is estimated to be Rs 2.50 crore.

Secondly, the company has recently entered into an agreement for the purchase of land to establish a new manufacturing unit in Village Varle, Maharashtra. The state-of-the-art Greenfield plant will have a capacity of processing 60,000 tons of Old Used Tyres annually and is situated near the existing Wada Plant. This strategic expansion aligns with the vision of circularity in the economy, emphasizing the utilization of sustainable raw materials. The plant is expected to be commissioned by the end of the current financial year. The agreement has been made with Indus Project Limited, and the consideration for the land amounts to approximately Rs 10 crore.

The company has delivered great returns of 71% over the past year and exceptional returns of 2,469% over the past 3 years. Moreover, the company has a ROCE of 23.8% and a ROE of 25.1%.

On Wednesday, shares of the company surged by 3.52% to trade at Rs 532.70. Additionally, the scrip had a spurt in volume by more than 1.04 times.

Investors should keep a close eye on this trending stock.