Tube Investments of India Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 23,510 Cr.
  • Current Price 1,218
  • High / Low 1,325 / 306
  • Stock P/E 102
  • Book Value 91.8
  • Dividend Yield 0.29 %
  • ROCE 21.4 %
  • ROE 19.8 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 19.17%

Cons

  • Stock is trading at 13.27 times its book value
  • Promoter holding has decreased over last 3 years: -3.46%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,225 1,479 1,490 1,458 1,346 1,384 1,247 1,087 1,031 457 1,193 1,700
1,141 1,345 1,350 1,318 1,224 1,222 1,091 955 904 491 1,018 1,469
Operating Profit 84 134 140 140 122 163 156 132 127 -34 175 231
OPM % 7% 9% 9% 10% 9% 12% 13% 12% 12% -7% 15% 14%
Other Income 11 13 15 11 17 11 14 20 -4 -1 10 2
Interest 15 14 17 12 11 9 9 7 6 6 5 16
Depreciation 38 40 41 40 41 44 45 45 51 45 44 68
Profit before tax 42 93 97 99 88 120 116 99 67 -85 136 148
Tax % 7% 33% 31% 34% 36% 34% 20% 18% 11% 23% 25% 27%
Net Profit 37 60 64 62 55 76 91 80 59 -64 99 107
EPS in Rs 1.97 3.18 3.40 3.31 2.92 4.07 4.82 4.26 3.16 -3.41 5.28 5.57

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 4,479 5,000 5,773 4,750 4,381
0 4,073 4,628 5,235 4,175 3,882
Operating Profit 0 406 372 538 576 499
OPM % 9% 7% 9% 12% 11%
Other Income 0 41 57 57 46 7
Interest 0 77 62 56 34 32
Depreciation 0 149 154 162 185 208
Profit before tax 0 221 214 378 403 266
Tax % 21% 27% 34% 22%
Net Profit 0 168 147 240 306 202
EPS in Rs 7.86 12.81 16.31 10.60
Dividend Payout % 0% 17% 20% 21%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:2%
TTM:-14%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:27%
TTM:-24%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:74%
1 Year:226%
Return on Equity
10 Years:%
5 Years:%
3 Years:17%
Last Year:20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 19 19 19 19 19
Reserves -0 1,169 1,254 1,457 1,715 1,751
Borrowings 0 851 776 611 408 238
0 1,097 1,263 1,263 938 1,192
Total Liabilities 0 3,135 3,312 3,349 3,080 3,199
0 1,306 1,358 1,429 1,515 1,461
CWIP 0 34 90 69 58 51
Investments 0 202 134 132 186 398
0 1,593 1,730 1,719 1,321 1,290
Total Assets 0 3,135 3,312 3,349 3,080 3,199

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-0 383 409 493 596
0 316 -181 -196 -246
0 -685 -291 -280 -284
Net Cash Flow 0 14 -63 17 66

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 28% 14% 21% 21%
Debtor Days 50 51 41 40
Inventory Turnover 7.64 4.26 4.73 4.17

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
49.00 49.00 49.00 48.46 47.54 47.91 47.91 47.89 47.89 47.87 46.68 46.66
10.32 10.03 10.46 10.21 11.49 12.33 14.29 17.81 18.20 19.40 23.22 25.45
16.75 16.95 17.16 20.77 21.02 22.96 22.13 20.20 20.55 19.85 17.04 15.02
23.54 23.63 23.00 20.18 19.58 16.80 15.67 14.10 13.37 12.88 13.06 12.87
0.38 0.38 0.38 0.38 0.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00

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