Tolins Tyre receivables rose to Rs 165.853 crore in September

At September 30, 2026, Tolins Tyre reported Rs 165.853 crore in trade receivables, up Rs 37.369 crore from March 31, 2026, while cash and cash equivalents fell to Rs 1.852 crore. Other bank balances rose, leaving the two disclosed liquidity lines at Rs 5.175 crore.

How did Tolins Tyre’s trade receivables change by September 2026?

Tolins Tyre’s trade receivables increased to Rs 165.853 crore at September 30, 2026, from Rs 128.484 crore at March 31, 2026. The Rs 37.369 crore movement was the largest increase among the disclosed current-asset lines over the six-month balance-sheet comparison.

Receivables were also Rs 63.183 crore above the Rs 102.67 crore reported at March 31, 2025. Total current assets rose to Rs 361.75 crore from Rs 328.39 crore over the March-to-September 2026 period, even as inventory and other current assets both declined.

What happened to Tolins Tyre’s cash and bank balances?

Tolins Tyre’s cash and cash equivalents declined by Rs 2.563 crore to Rs 1.852 crore at September 30, 2026, from Rs 4.415 crore at March 31, 2026. The cash-and-cash-equivalents balance had been Rs 28.19 crore at March 31, 2025.

Bank balances other than cash and cash equivalents moved in the opposite direction, rising by Rs 2.595 crore to Rs 3.323 crore from Rs 0.728 crore. Together, these two separately disclosed lines totalled Rs 5.175 crore at September 30, 2026, compared with Rs 5.143 crore at March 31, 2026 and Rs 55.55 crore at March 31, 2025.

The presentation classifies the two lines separately and does not explain the changes in either balance. The March-to-September reduction in the cash-and-cash-equivalents line was therefore largely offset by the increase in other bank balances, rather than resulting in a comparable decline in their combined reported amount.

Which Tolins Tyre current liabilities increased during the period?

Tolins Tyre’s current liabilities rose to Rs 51.09 crore at September 30, 2026, from Rs 30.05 crore at March 31, 2026. Payables to other creditors accounted for Rs 27.827 crore of the September total, increasing from Rs 8.355 crore six months earlier.

Current borrowings increased to Rs 15.302 crore from Rs 10.313 crore, while payables to micro, small and medium enterprise, or MSME, creditors rose to Rs 1.628 crore from Rs 0.316 crore. Other financial liabilities rose to Rs 2.792 crore from Rs 2.019 crore, an increase of Rs 77.3 lakh.

How did current assets and liabilities compare in September 2026?

Tolins Tyre reported current assets of Rs 361.75 crore and current liabilities of Rs 51.09 crore at September 30, 2026. The difference between the reported totals was Rs 310.66 crore, compared with Rs 298.34 crore at March 31, 2026, based on current assets of Rs 328.39 crore and current liabilities of Rs 30.05 crore.

Current assets increased by Rs 33.36 crore during the period, while current liabilities increased by Rs 21.04 crore. Within current assets, inventory declined by Rs 2.026 crore to Rs 178.856 crore and other current assets declined by Rs 1.641 crore to Rs 11.788 crore, leaving the receivables increase as the main contributor to the change.

At March 31, 2025, Tolins Tyre had current assets of Rs 305.82 crore and current liabilities of Rs 43.88 crore. By September 30, 2026, inventory was Rs 39.506 crore above the March 2025 level of Rs 139.35 crore, while receivables were Rs 63.183 crore higher.

How did Tolins Tyre’s wider balance sheet change?

Tolins Tyre’s total assets increased to Rs 426.60 crore at September 30, 2026 from Rs 392.55 crore at March 31, 2026. Non-current assets moved to Rs 64.86 crore from Rs 64.16 crore, while current assets accounted for Rs 361.75 crore of the September total.

Property, plant and equipment increased to Rs 32.98 crore from Rs 29.60 crore, whereas capital work in progress declined to Rs 9.27 crore from Rs 12.37 crore. Goodwill was unchanged at Rs 20.81 crore, and other financial assets increased to Rs 1.16 crore from Rs 0.71 crore.

Shareholders’ funds rose to Rs 374.17 crore at September 30, 2026 from Rs 361.24 crore at March 31, 2026. Other equity increased to Rs 354.417 crore from Rs 341.488 crore, while equity share capital remained Rs 19.754 crore at both dates.

How does the balance-sheet movement compare with annual revenue?

Tolins Tyre reported revenue from operations of Rs 327.12 crore for FY26, compared with Rs 292.45 crore in FY25, an increase of 11.86%. Over the same annual comparison, earnings before interest, tax, depreciation and amortisation, or EBITDA, declined to Rs 47.80 crore from Rs 57.91 crore.

FY26 EBITDA margin was 14.61%, down from 19.80% in FY25, while profit after tax was Rs 35.69 crore against Rs 38.67 crore. The annual income statement therefore records revenue growth alongside lower EBITDA and profit, while the September 2026 balance sheet records the receivables increase.

The supplied presentation does not provide a separate half-year income statement, a receivables-ageing schedule, customer concentrations, or collection-period data. It therefore does not identify the underlying customers, due dates, or management’s reasons for the Rs 37.369 crore increase in receivables from March 2026.

Conclusion

Tolins Tyre’s September 2026 balance sheet shows that trade receivables rose to Rs 165.853 crore while current liabilities increased to Rs 51.09 crore. Inventory fell modestly from March 2026, and the decline in cash and cash equivalents was substantially offset by higher other bank balances, leaving combined disclosed cash and bank balances nearly unchanged over the six months.

The next balance-sheet disclosures will show whether the Rs 165.853 crore receivables balance, Rs 27.827 crore of payables to other creditors and Rs 15.302 crore of current borrowings change. The presentation does not disclose a collection target, working-capital plan, receivables-ageing analysis or scheduled update on these items.