Tube Investments of India Ltd

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Tube Investments of India Ltd

₹ 2,588 -0.46%
21 Sep - close price
tiindia.com BSE: 540762 NSE: TIINDIA F&O
About

Tube Investments of India Limited (TII) is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry. [1]

Key Points

Leadership[1]
Company is the largest manufacturer of cold drawn welded steel tubes in India. It’s the market leader of transmission chains in India & 2nd largest manufacturer of cycles transmission chain in India. It has 35+ manufacturing locations.

Website BSE NSE F&O
  • Market Cap ₹ 50,000 Cr.
  • Current Price ₹ 2,588
  • High / Low ₹ 3,395 / 2,165
  • Stock P/E 59.9
  • Book Value ₹ 309
  • Dividend Yield 0.14 %
  • ROCE 19.6 %
  • ROE 15.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 8.37 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE Auto

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
1,780 1,970 1,898 1,962 1,960 2,065 1,910 1,957 2,007 2,119 2,152 2,279 2,366
1,564 1,718 1,659 1,745 1,717 1,819 1,667 1,729 1,759 1,842 1,843 2,027 2,120
Operating Profit 216 251 239 217 243 246 243 228 247 277 309 251 246
OPM % 12% 13% 13% 11% 12% 12% 13% 12% 12% 13% 14% 11% 10%
22 36 14 145 10 26 17 704 23 23 -7 156 17
Interest 7 8 7 7 7 7 5 5 4 2 1 1 1
Depreciation 33 35 36 37 39 41 43 46 45 47 48 49 49
Profit before tax 198 245 210 318 208 225 212 880 222 250 253 357 213
Tax % 25% 26% 25% 22% 26% 25% 24% 8% 24% 25% 25% 21% 25%
148 181 158 248 154 168 161 814 168 187 189 284 159
EPS in Rs 7.64 9.39 8.14 12.82 7.99 8.68 8.31 42.05 8.69 9.65 9.77 14.65 8.19
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
0 0 4,099 4,571 5,286 4,276 4,256 6,359 7,236 7,611 7,893 8,556 8,916
0 0 3,733 4,218 4,790 3,729 3,751 5,646 6,354 6,684 6,930 7,470 7,833
Operating Profit 0 0 366 353 496 547 504 713 882 926 962 1,086 1,083
OPM % 9% 8% 9% 13% 12% 11% 12% 12% 12% 13% 12%
0 0 31 26 59 62 25 74 162 216 757 195 189
Interest 0 0 74 59 53 30 21 13 24 32 27 9 5
Depreciation 0 0 121 128 140 161 150 145 146 141 169 189 193
Profit before tax 0 0 202 193 362 418 359 628 876 970 1,524 1,083 1,073
Tax % 21% 29% 33% 21% 24% 24% 24% 24% 15% 24%
0 0 159 136 244 331 273 475 665 735 1,297 827 818
EPS in Rs 7.28 12.97 17.59 14.17 24.63 34.44 37.98 67.01 42.75 42.26
Dividend Payout % 24% 24% 19% 20% 25% 14% 10% 9% 5% 8%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 6%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 6%
TTM: -37%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: -7%
1 Year: -22%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 21%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.11 0.11 19 19 19 19 19 19 19 19 19 19
Reserves -0 -0 1,123 1,194 1,406 1,694 2,274 2,682 3,273 3,951 5,191 5,968
0 0 776 679 517 309 346 381 502 513 153 50
0 0 918 1,042 1,038 745 1,293 1,285 1,100 1,277 1,212 1,455
Total Liabilities 0 0 2,836 2,934 2,980 2,766 3,932 4,367 4,894 5,761 6,576 7,492
0 0 886 918 986 1,062 997 1,023 995 1,113 1,326 1,546
CWIP 0 0 33 90 69 52 126 56 97 204 255 56
Investments 0 0 669 572 557 629 1,534 1,666 2,041 2,626 3,129 3,783
0 0 1,248 1,354 1,368 1,024 1,274 1,622 1,762 1,818 1,866 2,107
Total Assets 0 0 2,836 2,934 2,980 2,766 3,932 4,367 4,894 5,761 6,576 7,492

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0 -0 355 356 411 528 664 326 625 594 703 898
0 0 337 -128 -134 -218 -1,005 -290 -553 -552 -217 -754
0 0 -683 -299 -255 -249 326 -42 39 -102 -451 -177
Net Cash Flow -0 0 10 -71 22 61 -15 -6 111 -59 36 -32
Free Cash Flow -136 -0 211 144 243 333 540 206 445 256 280 669
CFO/OP 107% 119% 105% 118% 150% 65% 95% 90% 97% 104%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 47 46 36 37 52 44 35 45 44 47
Inventory Days 85 78 70 60 75 57 47 48 47 49
Days Payable 105 114 93 92 167 101 73 82 72 85
Cash Conversion Cycle 27 10 14 6 -40 0 9 10 19 11
Working Capital Days -12 -18 -11 -8 -31 -8 -11 -2 19 21
ROCE % 0% 0% 28% 15% 22% 23% 17% 22% 28% 24% 32% 20%

Insights

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Electric 3-wheeler Volumes
units
Electric M&HCV Truck Market Share
%
Electric M&HCV Truck Volumes
units
Engineering Export Share of Revenue
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
46.12% 45.11% 45.11% 45.04% 44.97% 44.11% 44.11% 44.09% 44.09% 44.06% 44.05% 44.11%
30.42% 28.83% 28.33% 27.40% 28.38% 28.25% 26.93% 26.31% 25.45% 23.15% 21.42% 22.35%
11.47% 14.14% 14.81% 15.50% 14.73% 15.04% 16.12% 16.78% 17.71% 19.68% 21.75% 21.01%
0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45%
11.55% 11.48% 11.31% 11.60% 11.48% 12.15% 12.40% 12.35% 12.29% 12.67% 12.33% 12.08%
No. of Shareholders 76,47279,16880,77883,21587,03095,1521,02,3081,06,3111,04,1021,08,6151,06,1781,00,623

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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