Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
News 
About
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
₹2,766.90 -57.00 (-2.02%)
As on 24-Jul'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
₹2,766.90 -57.00 (-2.02%)
As on 24-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹53,558 Cr.
Current Price
₹2,766.9
52-Week Low / High
₹2,165 / 3,419
TTM EPS
₹32.9
TTM Sales
₹22,847 Cr.
Book Value per Share
₹399
P/E Ratio
84.10
Higher than its 5-year historical median
Industry PE
44.8
Price to Book (P/B)
6.93
Lower than its 5-year historical median
Price to Sales (P/S)
2.34
Lower than its 5-year historical median
EV/EBITDA
19.71
Lower than its 5-year historical median
Dividend Yield
0.13%
Profitability Efficiency
Return on Equity (ROE)
16.86%
Underperforms industry median
Return on Capital Employed (ROCE)
27.33%
Outperforms industry median
Return on Assets (ROA)
5.98%
Operating Profit Margin
10.1%
Net Profit Margin
4.89%
Gross Profit Margin
11.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.38%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
21.78%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
5.88%
Asset Quality
Promoter Holding
43.93%
Pledged shares (%) of Promoter's holding (%)
0.01%
Reserves
₹7,704 Cr.
Equity
₹19.4 Cr.
Face Value
₹1
All Time Low / High
₹211.00 / 4807.05
Check Before You Invest
Quality
Very GoodValuation
FairCheck Valuation charts
Price Trend
Weak
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?
Revenue growth of Tube Investments of India Ltd vs industry peers?
Tube Investments of India Ltd revenue CAGR is 30.30%, compared to the industry median CAGR of 23.36%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Tube Investments of India Ltd?
Promoters hold 43.93% of the Tube Investments of India Ltd, with 0.01% of their stake pledged, indicating low pledge risk.
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 20.17% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 29.3% | 13.5% | 21% | 20.8% | 13.2% | 30.3% | 38.8% | 33.9% | 29.4% | 27.3% | - |
| Value Creation Index ⓘ | 1.6 | -0 | 0.6 | 0.5 | 0.2 | 1.7 | 2.5 | 2.0 | 1.6 | 1.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 4,493 | 5,000 | 5,773 | 4,750 | 6,083 | 12,447 | 14,964 | 16,890 | 19,465 | 22,847 | 22,847 |
| Sales YoY Gr. | - | 11.3% | 15.5% | -17.7% | 28.1% | 104.6% | 20.2% | 12.9% | 15.2% | 17.4% | - |
| Adj EPS ⓘ | 0.8 | 7.3 | 12.4 | 16.4 | 14 | 38.5 | 40.2 | 34 | 39.6 | 35.6 | 32.9 |
| YoY Gr. | - | 784.3% | 68.3% | 33.1% | -14.7% | 174.3% | 4.6% | -15.4% | 16.5% | -10.2% | - |
| BVPS (₹) ⓘ | 6.3 | 67.6 | 78.2 | 91.8 | 119.5 | 158.8 | 203.8 | 263.1 | 285 | 398.9 | 399 |
| Adj Net Profit ⓘ | 156 | 138 | 232 | 309 | 270 | 742 | 777 | 658 | 767 | 689 | 637 |
| Cash Flow from Ops. ⓘ | 383 | 409 | 493 | 596 | 257 | 896 | 1,386 | 1,306 | 1,185 | 1,161 | - |
| Debt/CF from Ops. ⓘ | 2.2 | 1.9 | 1.2 | 0.6 | 7.5 | 0.9 | 0.5 | 0.6 | 0.4 | 0.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 19.8% | 30.3% | 15.2% | 17.4% | ||||
| Adj EPS ⓘ | 51.8% | 20.5% | -4% | -10.2% | ||||
| BVPSⓘ | 58.4% | 27.3% | 25.1% | 40% | ||||
| Share Price | - | 20.2% | -3.8% | -4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 26.2 | 11.2 | 16.9 | 19.3 | 13.4 | 27.6 | 22.1 | 14.5 | 14.4 | 10.4 | 8.3 |
| Op. Profit Mgn % ⓘ | 9 | 7.7 | 9.5 | 12.3 | 10.5 | 11.7 | 12.7 | 11.7 | 10.3 | 10.1 | 10.2 |
| Net Profit Mgn % ⓘ | 3.6 | 2.9 | 4.2 | 6.7 | 4.6 | 7.8 | 7.7 | 7 | 5.9 | 5.1 | 2.8 |
| Debt to Equity ⓘ | 0.7 | 0.6 | 0.4 | 0.2 | 0.8 | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 59 | 115 | 104 | 111 | 131 | 101 | 98 | 106 | 115 | 147 | 89 |
| Cash Conv. Cycle ⓘ | 16 | 30 | 25 | 23 | 1 | 4 | 15 | 24 | 31 | 36 | 40 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,493 | 5,000 | 5,773 | 4,750 | 6,083 | 12,447 | 14,964 | 16,890 | 19,465 | 22,847 |
| Operating Expenses ⓘ + | 4,087 | 4,613 | 5,226 | 4,169 | 5,443 | 10,995 | 13,062 | 14,921 | 17,596 | 20,572 |
| Operating Profit ⓘ | 406 | 387 | 547 | 582 | 641 | 1,452 | 1,902 | 1,970 | 1,868 | 2,275 |
| Operating Profit Margin (%) | 9.0% | 7.7% | 9.5% | 12.2% | 10.5% | 11.7% | 12.7% | 11.7% | 9.6% | 10.0% |
| Other Income ⓘ + | 48 | 59 | 54 | 62 | 68 | 104 | 144 | 252 | 371 | 387 |
| Interest ⓘ | 77 | 62 | 56 | 34 | 52 | 99 | 58 | 73 | 83 | 79 |
| Depreciation ⓘ | 149 | 154 | 162 | 185 | 251 | 347 | 396 | 454 | 492 | 664 |
| Profit Before Tax ⓘ | 221 | 214 | 378 | 403 | 365 | 1,128 | 1,581 | 1,695 | 1,653 | 1,851 |
| Tax ⓘ | 47 | 58 | 127 | 90 | 79 | 161 | 423 | 497 | 599 | 734 |
| Profit After Tax | 174 | 156 | 251 | 313 | 286 | 968 | 1,158 | 1,197 | 1,054 | 1,116 |
| PAT Margin (%) | 3.9% | 3.1% | 4.3% | 6.6% | 4.7% | 7.8% | 7.7% | 7.1% | 5.4% | 4.9% |
| Adjusted EPS (₹) | 0.9 | 7.9 | 12.8 | 16.3 | 14.3 | 39.9 | 49.5 | 62.4 | 34.8 | 32.9 |
| Dividend Payout Ratio (%) | 22.40% | 22.30% | 19.50% | 21.50% | 24.50% | 8.80% | 7.10% | 5.60% | 10.10% | 10.60% |
Valuation of Tube Investments - Consolidated
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 1,188 | 1,267 | 1,467 | 1,725 | 2,303 | 3,064 | 3,936 | 5,088 | 5,515 | 7,723 | |
| Debt + | 726 | 526 | 510 | 269 | 1,326 | 706 | 629 | 740 | 435 | 364 | |
| Minority Interest | 92 | 100 | 96 | 73 | 383 | 654 | 1005 | 1618 | 2157 | 6451 | |
| Trade Payables | 775 | 962 | 929 | 696 | 2,230 | 2,343 | 2,300 | 2,724 | 3,131 | 4,035 | |
| Others Liabilities ⓘ | 355 | 456 | 346 | 318 | 1,896 | 1,601 | 2,083 | 2,861 | 4,642 | 2,852 | |
| Total Liabilities ⓘ | 3,135 | 3,312 | 3,349 | 3,080 | 8,140 | 8,368 | 9,953 | 13,031 | 15,879 | 21,425 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1,294 | 1,346 | 1,417 | 1,503 | 3,413 | 3,313 | 3,605 | 4,408 | 5,233 | 6,255 | |
| CWIP ⓘ | 34 | 90 | 69 | 58 | 152 | 128 | 191 | 381 | 770 | 895 | |
| Investments ⓘ | 202 | 134 | 132 | 186 | 369 | 542 | 729 | 1,370 | 931 | 1,024 | |
| Inventories | 731 | 761 | 815 | 559 | 1,106 | 1,327 | 1,353 | 1,788 | 2,224 | 2,853 | |
| Trade Receivables | 615 | 697 | 648 | 525 | 1,239 | 1,785 | 2,129 | 2,733 | 3,305 | 4,367 | |
| Cash Equivalents | 24 | 32 | 56 | 38 | 617 | 573 | 945 | 1,227 | 2,035 | 1,469 | |
| Others Assets ⓘ | 235 | 252 | 212 | 212 | 1,244 | 700 | 1,000 | 1,125 | 1,382 | 4,563 | |
| Total Assets ⓘ | 3,135 | 3,312 | 3,349 | 3,080 | 8,140 | 8,368 | 9,953 | 13,031 | 15,879 | 21,425 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 383 | 409 | 493 | 596 | 257 | 896 | 1,386 | 1,306 | 1,185 | 1,161 |
| Cash Flow From Investing Activity ⓘ + | -263 | -190 | -196 | -246 | -345 | -79 | -871 | -2,289 | -1,587 | -3,953 |
| Cash Flow From Financing Activity ⓘ + | -685 | -291 | -280 | -284 | 304 | -921 | -75 | 646 | 522 | 2,668 |
| Net Cash Flow ⓘ | -565 | -72 | 17 | 66 | 216 | -104 | 440 | -338 | 121 | -124 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 29.36 | 12.67 | 18.35 | 19.63 | 14.19 | 36.06 | 33.1 | 26.54 | 19.89 | 16.86 |
| ROCE (%) | 29.26 | 13.49 | 20.97 | 20.84 | 13.15 | 30.3 | 38.77 | 33.9 | 29.36 | 27.33 |
| Asset Turnover Ratio | 3.08 | 1.6 | 1.77 | 1.5 | 1.11 | 1.52 | 1.65 | 1.49 | 1.36 | 1.24 |
| PAT to CFO Conversion(x) | 2.2 | 2.62 | 1.96 | 1.9 | 0.9 | 0.93 | 1.2 | 1.09 | 1.12 | 1.04 |
| Working Capital Days | ||||||||||
| Receivable Days | 46.60 | 46.40 | 41.60 | 44.30 | 51.70 | 43.90 | 47.30 | 51.90 | 55.90 | 60.30 |
| Inventory Days | 55.40 | 52.70 | 48.80 | 51.90 | 48.80 | 35.30 | 32.40 | 33.50 | 37.10 | 39.90 |
| Payable Days | 107.40 | 105.70 | 97.60 | 109.70 | 146.60 | 100.70 | 86.20 | 83.30 | 83.60 | 87.30 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
* 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 24-Jul-2026 16:59 is ₹2,766.9.
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 23-Jul-2026 the market cap of Tube Investments stood at ₹53,558.4 Cr
The latest P/E ratio of Tube Investments as of 23-Jul-2026 is 64.73.
The latest P/B ratio of Tube Investments as of 23-Jul-2026 is 8.99.
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 ₹8,556 ( 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 Weak which suggest that the price of Tube Investments of India Ltd is likely to Fall 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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