Tyre Recycling Stock with the Potential to Deliver Multibagger Returns Over the Long Term
India, July 24 -- Every year, India generates millions of end-of-life tyres, most of which end up as waste with limited safe disposal options. The company has built a tyre recycling business over more than four decades, building an integrated business around collecting, processing, and converting this waste into usable rubber, steel, and polymer products.
With a market capitalization of around Rs. 1,991 crore, shares of Tinna Rubber & Infrastructure were trading around Rs. 1,105 apiece, within a 52-week range of 1,322 to Rs. 527.75, at a P/E of approximately 32x.
Riding a Multi-Billion Circular Economy Opportunity
India's end-of-life tyre (ELT) volumes continue to rise every year, and the company has built one of the country's most int...
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