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

₹ 3,626 1.45%
26 Apr 3:21 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 ₹ 70,123 Cr.
  • Current Price ₹ 3,626
  • High / Low ₹ 4,125 / 2,516
  • Stock P/E 80.0
  • Book Value ₹ 229
  • Dividend Yield 0.10 %
  • ROCE 31.6 %
  • ROE 27.0 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 44.9% CAGR over last 5 years

Cons

  • Stock is trading at 15.7 times its book value
  • Earnings include an other income of Rs.897 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,700 2,733 2,437 3,263 3,410 3,393 3,776 3,767 3,643 3,778 3,898 4,306 4,197
1,480 2,456 2,157 2,883 2,969 3,042 3,379 3,256 3,174 3,287 3,431 3,744 3,728
Operating Profit 221 277 281 380 441 351 397 511 469 491 467 562 469
OPM % 13% 10% 12% 12% 13% 10% 11% 14% 13% 13% 12% 13% 11%
5 12 25 26 46 37 29 7 95 187 42 59 609
Interest 14 25 24 21 22 20 9 12 11 11 11 13 13
Depreciation 64 97 97 91 91 76 85 92 95 124 109 118 123
Profit before tax 148 166 185 294 374 292 332 414 460 542 389 490 941
Tax % 27% 14% 27% 21% -4% 23% 26% 33% 29% 12% 27% 30% 12%
107 143 135 232 390 225 247 277 324 477 284 341 824
EPS in Rs 5.44 7.01 6.22 9.65 14.46 9.27 10.08 11.08 12.19 16.15 11.12 13.62 27.46
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 4,479 5,000 5,773 4,750 6,083 12,447 14,965 16,178
0 4,073 4,626 5,240 4,169 5,442 10,997 13,081 14,190
Operating Profit 0 406 374 533 582 641 1,450 1,883 1,988
OPM % 9% 7% 9% 12% 11% 12% 13% 12%
0 41 55 62 40 70 147 318 897
Interest 0 77 62 56 34 47 99 58 49
Depreciation 0 149 154 162 185 251 347 396 475
Profit before tax 0 221 214 378 403 412 1,152 1,748 2,362
Tax % 21% 27% 34% 22% 26% 14% 24%
0 174 156 251 313 305 991 1,325 1,926
EPS in Rs 7.86 12.81 16.31 14.85 39.85 49.48 68.35
Dividend Payout % 0% 17% 20% 21% 24% 9% 7%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: 47%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 45%
3 Years: 44%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 57%
3 Years: 47%
1 Year: 41%
Return on Equity
10 Years: %
5 Years: 23%
3 Years: 25%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 19 19 19 19 19 19 19 19
Reserves -0 1,169 1,254 1,457 1,715 2,152 3,052 3,931 4,405
0 851 776 611 414 1,972 871 726 821
0 1,097 1,263 1,263 932 4,892 4,932 5,543 7,039
Total Liabilities 0 3,135 3,312 3,349 3,080 9,036 8,874 10,220 12,284
0 1,306 1,358 1,429 1,515 3,477 3,324 3,593 4,278
CWIP 0 34 90 69 58 135 128 191 209
Investments 0 202 134 132 186 369 542 729 1,630
0 1,593 1,730 1,719 1,321 5,054 4,880 5,707 6,168
Total Assets 0 3,135 3,312 3,349 3,080 9,036 8,874 10,220 12,284

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 383 409 493 596 268 896 1,386
0 316 -181 -196 -246 -63 -79 -850
0 -685 -291 -280 -284 286 -921 -75
Net Cash Flow 0 14 -63 17 66 491 -104 461

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 50 51 41 40 77 52 52
Inventory Days 101 93 84 75 111 58 50
Days Payable 107 117 96 94 226 103 86
Cash Conversion Cycle 44 26 29 22 -38 8 16
Working Capital Days 33 18 21 18 -90 -17 18
ROCE % 26% 13% 20% 21% 14% 27% 32%

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

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