More on Tinna Rubber and Infrastructure Ltd :—
Tinna Rubber has an associate company named TP Buildtech pvt. Ltd. Where company holds 49.20% share. An interesting thing is that the other partner is Mr. Mayank Shinghal, who is the promoter and managing director of PI INDUSTRIES LTD.
The financial performance of the TP Buildtech is substantially improved in fy 22. The company has posted a net profit of 15 lakhs in fy 22 against net loss of 2.86 crs in fy 21.
The sales figure of fy 22 is increased to 47 crs against the 28 crs of fy 21. Source of information
https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/TPBuildtechPrivateLimited_July%2007,%202022_RR_295035.html
Till company has only one product which is a concrete admixture named Aqualoc-TP. Recently the company has developed and launched the other product named Betonflow-TPCWA, which is a ’ crystalline Water Proofing admixture '.
In Q1 of fy23 concall, management was very optimistic on the future of TP BUILDTECH PVT. LTD. Till they have two plants and now they are considering to build the third plant.
Management commentry on TP Buildtech on Q1 concall of fy23
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