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Tube Investments of India Ltd (TIINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540762 NSE: TIINDIA Auto Ancillary | Mid Cap | Tube Investments Share Price

₹3,124.15 32.95 (1.07%)

As on 05-Jun'26 16:59

Tube Investments of India Ltd (TIINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540762 NSE: TIINDIA Auto Ancillary | Mid Cap | Tube Investments Share Price

₹3,124.15 32.95 (1.07%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹59,834 Cr.
Current Price
₹3,124.2
52-Week Low / High
₹2,165 / 3,419
TTM EPS
₹32.9
TTM Sales
₹22,221 Cr.
Book Value per Share
₹400.5
P/E Ratio
93.95
Higher than its 5-year historical median
Industry PE
42.9
Price to Book (P/B)
7.72
Lower than its 5-year historical median
Price to Sales (P/S)
2.69
Lower than its 5-year historical median
EV/EBITDA
22.21
Lower than its 5-year historical median
Dividend Yield
0.13%
Profitability Efficiency
Return on Equity (ROE)
19.89%
Outperforms industry median
Return on Capital Employed (ROCE)
29.36%
Outperforms industry median
Return on Assets (ROA)
7.29%
Operating Profit Margin
10.3%
Net Profit Margin
5.42%
Gross Profit Margin
10.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
15.24%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.15%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.95%
Asset Quality
Promoter Holding
44.04%
Pledged shares (%) of Promoter's holding (%)
0.01%
Reserves
₹7,732 Cr.
Equity
₹19.4 Cr.
Face Value
₹1
All Time Low / High
₹211.00 / 4807.05

Tube Investments of India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Tube Investments of India Ltd a good quality company?
Tube Investments of India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Tube Investments of India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Tube Investments of India Ltd vs industry peers?
Tube Investments of India Ltd revenue CAGR is 32.59%, compared to the industry median CAGR of 21.94%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Tube Investments of India Ltd?
Promoters hold 44.04% of the Tube Investments of India Ltd, with 0.01% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Tube Investments of India Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 20.58% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tube Investments of India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%29.3%13.5%21%20.8%13.2%30.3%38.8%33.9%29.4%-
Value Creation
Index
NA1.6-00.60.50.21.72.52.01.6-

Growth Parameters

Sales 04,4935,0005,7734,7506,08312,44714,96416,89019,46522,221
Sales YoY Gr.-NA11.3%15.5%-17.7%28.1%104.6%20.2%12.9%15.2%-
Adj EPS 00.87.312.416.41438.540.23439.632.9
YoY Gr.-NA784.3%68.3%33.1%-14.7%174.3%4.6%-15.4%16.5%-
BVPS (₹) 0.56.367.678.291.8119.5158.8203.8263.1285400.5
Adj Net
Profit
0156138232309270742777658767637
Cash Flow from Ops. -03834094935962578961,3861,3061,213-
Debt/CF from Ops. 02.21.91.20.67.50.90.50.60.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA32.6%16.1%15.2%
Adj EPS NA19.3%1%16.5%
BVPS104.8%25.4%21.5%8.3%
Share Price - 21.2% 2.6% 1.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
026.211.216.919.313.427.622.114.514.49.6
Op. Profit
Mgn %
097.79.512.310.511.712.711.710.310.2
Net Profit
Mgn %
03.62.94.26.74.67.87.775.92.9
Debt to
Equity
00.70.60.40.20.80.30.20.20.10
Working Cap
Days
0591151041111311019810611589
Cash Conv.
Cycle
0163025231415243140

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales04,4935,0005,7734,7506,08312,44714,96416,89019,465
Operating Expenses + 04,0874,6135,2264,1695,44310,99513,06214,92117,596
Manufacturing Costs05666096395266029381,1171,2101,377
Material Costs02,6352,9983,5332,7043,6428,2889,83011,00712,783
Employee Cost 05135636055877111,0331,2051,4931,790
Other Costs 03734434473514887379101,2111,647
Operating Profit 04063875475826411,4521,9021,9701,868
Operating Profit Margin (%) -9.0%7.7%9.5%12.2%10.5%11.7%12.7%11.7%9.6%
Other Income + 04859546268104144252371
Exceptional Items 00-33-22-422080-11
Interest 0776256345299587383
Depreciation 0149154162185251347396454492
Profit Before Tax 02212143784033651,1281,5811,6951,653
Tax 047581279079161423497599
Profit After Tax 01741562513132869681,1581,1971,054
PAT Margin (%) -3.9%3.1%4.3%6.6%4.7%7.8%7.7%7.1%5.4%
Adjusted EPS (₹)0.00.97.912.816.314.339.949.562.434.8
Dividend Payout Ratio (%)0%22.40%22.30%19.50%21.50%24.50%8.80%7.10%5.60%10.10%

Valuation of Tube Investments - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 01,1881,2671,4671,7252,3033,0643,9365,0885,515
Share Capital 0191919191919191919
Reserves -01,1691,2481,4491,7062,2843,0443,9165,0685,495
Debt +07265265102691,326706629740435
Long Term Debt037822912316925345444967
Short Term Debt0347298388254401361585691368
Minority Interest0921009673383654100516182157
Trade Payables07759629296962,2302,3432,3002,7243,120
Others Liabilities 03554563463181,8961,6012,0832,8614,653
Total Liabilities 03,1353,3123,3493,0808,1408,3689,95313,03115,879

Fixed Assets

Net Fixed Assets +01,2941,3461,4171,5033,4133,3133,6054,4085,233
Gross Block01,5931,7972,0222,2844,4494,6685,2316,4257,750
Accumulated Depreciation02994526057821,0361,3561,6262,0172,517
CWIP 034906958152128191381770
Investments 02021341321863695427291,370931
Inventories07317618155591,1061,3271,3531,7882,224
Trade Receivables06156976485251,2391,7852,1292,7333,305
Cash Equivalents 0243256386175739451,2272,035
Others Assets 02352522122121,2447001,0001,1251,382
Total Assets 03,1353,3123,3493,0808,1408,3689,95313,03115,879

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -03834094935962578961,3861,3061,213
PBT 02292273864033651,1281,5811,6951,653
Adjustment -0190211200199307362382356440
Changes in Working Capital 044125116-316-502-343-460-413
Tax Paid 0-39-69-118-122-100-115-245-278-467
Cash Flow From Investing Activity + 0-263-190-196-246-345-79-871-2,289-1,615
Capex 0-156-227-183-219-145-238-402-823-1,207
Net Investments 0-11925-28-34-217-242-334-1,614-503
Others 0121116817401-13514795
Cash Flow From Financing Activity + 0-685-291-280-284304-921-75646522
Net Proceeds from Shares 000344354557
Net Proceeds from Borrowing 0-634-27-259-105145-570-362622
Interest Paid 0-108-62-63-28-34-83-29-52-78
Dividend Paid 00-78-66-106-42-72-169-162-162
Others 058-124105-49231-199480808684
Net Cash Flow 0-565-721766216-104440-338121

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/A29.3612.6718.3519.6314.1936.0633.126.5419.89
ROCE (%)N/A29.2613.4920.9720.8413.1530.338.7733.929.36
Asset Turnover Ratio03.081.61.771.51.111.521.651.491.36
PAT to CFO Conversion(x)N/A2.22.621.961.90.90.931.21.091.15
Working Capital Days
Receivable Days046.6046.4041.6044.3051.7043.9047.3051.9055.90
Inventory Days055.4052.7048.8051.9048.8035.3032.4033.5037.10
Payable Days0107.40105.7097.60109.70146.60100.7086.2083.3083.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.010.010.010.010.010.010.010.010.010.01
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Tube Investments of India Ltd FAQs

The current trading price of Tube Investments on 05-Jun-2026 16:59 is ₹3,124.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Tube Investments stood at ₹59,834 Cr

The latest P/E ratio of Tube Investments as of 04-Jun-2026 is 72.32.

The latest P/B ratio of Tube Investments as of 04-Jun-2026 is 9.99.

The 52-week high of Tube Investments is ₹3,419.1 and the 52-week low is ₹2,165.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tube Investments is ₹8,072 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tube Investments of India Ltd is a good quality company.

The key valuation ratios of Tube Investments of India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Tube Investments of India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Tube Investments of India Ltd

Tube Investments of India Ltd. (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. The company is a flagship Company of the renowned Murugappa Group, India’s leading business conglomerate.

Business area of the company

Tube Investments of India manufactures fabricated metal products. The Company specializes in cycles, steel tubes, strips, chains, and metal formed items. Tube Investments of India serves customers in India.

Business Divisions

  • Cycles & Components: TI Cycles of India
  • Engineering: Tube Products of India
  • Metal formed products: TI Metal Forming and TIDC India

Awards & Accolades

2016-17

  • Fine Blanking Quality Award from Autoliv.
  • Best Strategic Supplier Award from Showa Japan.
  • Supplier Quality Excellence Award from Caterpillar.
  • Quality Circle Award from Wipro.
  • Supplier Performance Award from Sona Koyo.
  • Award for Make in India - Localisation of Components from Spicer.
  • Fine Blanking Quality Award from Bajaj Auto.
  • Best Exports Performance Award from EEPC.

2019-20

  • Strategic Global Supplier Award’ by Showa for 4th consecutive year.
  • ‘Star Performer Award’ from EEPC for the 5th consecutive year.
  • Award from ‘Toyotetsu India Pvt. Ltd.’ (TTIA) formerly known as STTI for consistent Quality and Delivery.
  • Award from Toyota Kirloskar Auto Parts Pvt. Ltd for Quality, Delivery and VA.
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