Tube Investments of India Ltd

Tube Investments Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tube Investments of India Ltd

₹ 3,610 0.78%
24 Apr 3:09 p.m.
tiindia.com BSE: 540762 NSE : TIINDIA
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

Engineering Division (~29% in FY22 v/s 44% in FY20) ** [1] [2]
The Engineering Segment of the Company consists of cold rolled steel strips and precision steel tubes viz., Cold Drawn Welded tubes (CDW) and Electric Resistance Welded tubes (ERW). It is also engaged in the manufacture of large diameter welded tubes mainly for non-auto applications which are largely imported. [3] It is the market leader and preferred Indian supplier in CDW Tubes.** [4]

Website BSE NSE
  • Market Cap ₹ 69,810 Cr.
  • Current Price ₹ 3,610
  • High / Low ₹ 4,125 / 2,485
  • Stock P/E 91.8
  • Book Value ₹ 186
  • Dividend Yield 0.10 %
  • ROCE 27.6 %
  • ROE 23.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 35.7% CAGR over last 5 years

Cons

  • Stock is trading at 19.4 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,309 1,480 1,257 1,667 1,701 1,735 1,957 1,906 1,710 1,663 1,780 1,970 1,898
1,128 1,292 1,099 1,474 1,515 1,560 1,753 1,655 1,495 1,453 1,564 1,718 1,659
Operating Profit 181 188 158 193 186 174 204 251 214 211 216 251 239
OPM % 14% 13% 13% 12% 11% 10% 10% 13% 13% 13% 12% 13% 13%
7 14 11 10 15 38 12 -9 17 142 22 36 14
Interest 6 3 3 3 4 2 4 5 6 7 7 8 7
Depreciation 37 37 35 36 37 37 32 35 34 45 33 35 36
Profit before tax 145 162 130 164 161 173 180 202 192 301 198 245 210
Tax % 26% 20% 26% 26% 25% 21% 25% 30% 28% 17% 25% 26% 25%
107 129 97 121 120 136 134 142 138 251 148 181 158
EPS in Rs 5.55 6.70 5.03 6.30 6.24 7.07 6.96 7.38 7.13 12.98 7.64 9.39 8.14
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 0 0 0 4,099 4,571 5,286 4,276 4,256 6,359 7,236 7,311
0 0 0 0 0 3,733 4,218 4,790 3,729 3,751 5,646 6,354 6,394
Operating Profit -0 -0 0 0 0 366 353 496 547 504 713 882 917
OPM % 9% 8% 9% 13% 12% 11% 12% 13%
0 0 0 0 0 31 26 59 62 25 74 162 214
Interest 0 0 0 0 0 74 59 53 30 21 13 24 29
Depreciation 0 0 0 0 0 121 128 140 161 150 145 146 149
Profit before tax -0 -0 0 0 0 202 193 362 418 359 628 876 954
Tax % 0% 0% 21% 29% 33% 21% 24% 24% 24%
-0 -0 0 0 0 159 136 244 331 273 475 665 737
EPS in Rs 7.28 12.97 17.59 14.17 24.63 34.44 38.15
Dividend Payout % 0% 0% 24% 24% 19% 20% 25% 14% 10%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 19%
TTM: 0%
Compounded Profit Growth
10 Years: 205%
5 Years: 36%
3 Years: 28%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: 57%
3 Years: 47%
1 Year: 43%
Return on Equity
10 Years: 19%
5 Years: 20%
3 Years: 20%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 0 0 0 19 19 19 19 19 19 19 19
Reserves -0 -0 -0 -0 -0 1,123 1,194 1,406 1,694 2,274 2,682 3,273 3,583
0 0 0 0 0 776 679 517 309 346 381 502 508
0 0 0 0 0 918 1,042 1,038 751 1,293 1,278 1,100 1,210
Total Liabilities 0 0 0 0 0 2,836 2,934 2,980 2,772 3,932 4,361 4,894 5,321
0 0 0 0 0 886 918 986 1,062 997 1,023 995 1,065
CWIP 0 0 0 0 0 33 90 69 52 126 56 97 102
Investments 0 0 0 0 0 669 572 557 629 1,534 1,666 2,041 2,517
0 0 0 0 0 1,248 1,354 1,368 1,030 1,274 1,616 1,762 1,636
Total Assets 0 0 0 0 0 2,836 2,934 2,980 2,772 3,932 4,361 4,894 5,321

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
254 -0 -0 -0 355 356 411 526 664 326 625
-153 0 0 0 337 -128 -134 -216 -1,005 -290 -553
-29 0 0 0 -683 -299 -255 -249 326 -42 39
Net Cash Flow 72 -0 -0 0 10 -71 22 61 -15 -6 111

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 47 46 36 37 52 41 35
Inventory Days 85 78 70 60 75 57 47
Days Payable 105 114 93 92 167 101 73
Cash Conversion Cycle 27 10 14 6 -40 -3 9
Working Capital Days 14 1 11 7 -13 12 13
ROCE % -14% -15% 0% 0% 0% 28% 15% 22% 23% 17% 22% 28%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.66% 46.49% 46.48% 46.46% 46.45% 46.45% 46.44% 46.21% 46.13% 46.12% 45.11% 45.11%
25.82% 25.21% 26.09% 26.06% 25.90% 26.30% 28.82% 28.92% 29.41% 30.42% 28.83% 28.33%
14.82% 15.68% 14.95% 14.34% 14.70% 14.06% 11.76% 11.79% 12.25% 11.47% 14.14% 14.80%
0.00% 0.00% 0.00% 0.00% 0.00% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45%
12.70% 12.61% 12.48% 13.13% 12.95% 12.74% 12.55% 12.64% 11.77% 11.55% 11.48% 11.32%
No. of Shareholders 38,77140,45649,19058,98054,97277,07191,12283,88975,34376,47279,16880,778

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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Credit ratings

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