Tube Investments of India Ltd - Stock Valuation and Financial Performance

BSE: 540762 | NSE: TIINDIA | Cycles | Mid Cap

Tube Investments Share Price

3,526.55 -37.90 -1.06%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Tube Investments

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Tube Investments of India stock performance -

mw4me loader
P/E Ratio (CD):
51.62
Market Cap:
68,204.3 Cr.
52-wk low:
2,497
52-wk high:
4,120.8

Is Tube Investments of India Ltd an attractive stock to invest in?

1. Is Tube Investments of India Ltd a good quality company?

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

2. Is Tube Investments of India Ltd undervalued or overvalued?

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

3. Is Tube Investments of India Ltd a good buy now?

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

10 Year X-Ray of Tube Investments:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%19.7%8.5%12.5%15.3%9%17.8%16.2%-
Value Creation
Index
NANANA0.8-0.4-0.10.1-0.20.60.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0004,4935,0005,7734,7506,08312,44714,96515,646
Sales YoY Gr.-NANANA11.3%15.5%-17.7%28.1%104.6%20.2%-
Adj EPS 0000.87.312.416.41438.540.368.3
YoY Gr.-NANANA784.3%68.3%33.1%-14.7%174.3%4.8%-
BVPS (₹) 000.56.367.678.291.8119.5158.8203.8242.9
Adj Net
Profit
0001561382323092707427791,321
Cash Flow from Ops. 0003834094935962578961,386-
Debt/CF from Ops. 0002.21.91.20.67.50.90.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA24.5%46.6%20.2%
Adj EPS NA40.6%34.9%4.8%
BVPSNA24.7%30.5%28.3%
Share Price - 56.7% 45.8% 35.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
00026.211.216.919.313.427.622.230.6
Op. Profit
Mgn %
00097.79.512.310.511.712.712.7
Net Profit
Mgn %
0003.62.94.26.74.67.87.78.4
Debt to
Equity
0000.70.60.40.20.80.30.2-
Working Cap
Days
000591151041111431079774
Cash Conv.
Cycle
00016302523141426

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 30.60%

Sales growth is growing at healthy rate in last 3 years 46.59%

Net Profit is growing at healthy rate in last 3 years 34.85%

Sales growth is good in last 4 quarters at 11.53%

No data to display

Latest Financials - Tube Investments of India Ltd.

Standalone Consolidated
TTM EPS (₹) 38.1 68.3
TTM Sales (₹ Cr.) 6,864 15,646
BVPS (₹.) 194.5 242.9
Reserves (₹ Cr.) 3,742 4,679
P/BV 18.14 14.52
PE 92.50 51.62
From the Market
52 Week Low / High (₹) 2497.00 / 4120.80
All Time Low / High (₹) 211.00 / 4120.80
Market Cap (₹ Cr.) 68,204
Equity (₹ Cr.) 19.3
Face Value (₹) 1
Industry PE 92.5

Management X-Ray of Tube Investments:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.030.120.110.110.110.110.030.030.010.01
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Tube Investments

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales04,4935,0005,7734,7506,08312,44714,965
Operating Expenses 04,0874,6135,2264,1695,44310,99513,062
Manufacturing Costs05666096395266029381,100
Material Costs02,6352,9983,5332,7043,6428,2889,830
Employee Cost 05135636055877111,0331,205
Other Costs 0373443447351488737927
Operating Profit 04063875475826411,4521,903
Operating Profit Margin (%) -9.0%7.7%9.5%12.2%10.5%11.7%12.7%
Other Income 04859546268104143
Interest 077625634529958
Depreciation 0149154162185251347396
Exceptional Items 00-33-22-42208
Profit Before Tax 02212143784033651,1281,581
Tax 047581279079161423
Profit After Tax 01741562513132869681,158
PAT Margin (%) -3.9%3.1%4.3%6.6%4.7%7.8%7.7%
Adjusted EPS (₹)0.00.97.912.816.314.339.949.5
Dividend Payout Ratio (%)0%22%22%20%21%25%9%7%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 01,1881,2671,4671,7252,3033,0643,936
Share Capital 019191919191919
Reserves 01,1691,2481,4491,7062,2843,0443,917
Minority Interest09210096733836541005
Debt07265265102691,326706629
Long Term Debt03782291231692534544
Short Term Debt0347298388254401361585
Trade Payables07759629296962,2302,3432,319
Others Liabilities 03554563463181,8961,6012,028
Total Liabilities 03,1353,3123,3493,0808,1408,3689,917

Fixed Assets

Gross Block01,5931,7972,0222,2844,4634,6685,236
Accumulated Depreciation02994526057821,0381,3561,626
Net Fixed Assets01,2941,3461,4171,5033,4263,3133,610
CWIP 034906958152128191
Investments 0202134132186369542729
Inventories07317618155591,1061,3271,353
Trade Receivables06156976485251,2391,7852,129
Cash Equivalents 024325638617573954
Others Assets02352522122121,231700951
Total Assets 03,1353,3123,3493,0808,1408,3689,917

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 03834094935962578961,386
PBT 02292273864033651,1281,581
Adjustment 0190211200199307362382
Changes in Working Capital 044125116-316-502-343
Tax Paid 0-39-69-118-122-100-115-245
Cash Flow From Investing Activity 0-263-190-196-246-345-79-871
Capex 0-156-227-183-219-145-238-402
Net Investments 0-11925-28-34-217-242-494
Others 012111681740125
Cash Flow From Financing Activity 0-685-291-280-284304-921-75
Net Proceeds from Shares 00034435
Net Proceeds from Borrowing 0-634-27-259-105145-570-362
Interest Paid 0-108-62-63-28-34-83-29
Dividend Paid 00-78-66-106-42-72-169
Others 058-124105-49231-199480
Net Cash Flow 0-565-721766216-104440
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/A29.3612.6718.3519.6314.1936.0633.1
ROCE (%)N/A29.2613.4920.9720.8413.1530.338.77
Asset Turnover Ratio03.081.61.771.51.111.521.65
PAT to CFO Conversion(x)N/A2.22.621.961.90.90.931.2
Working Capital Days
Receivable Days047464244524447
Inventory Days055534952493532
Payable Days01071069811014710187

Tube Investments of India Ltd Stock News

Tube Investments of India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tube Investments on 12-Apr-2024 16:59 is ₹3,526.6.
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 12-Apr-2024 16:59 the market cap of Tube Investments stood at ₹68,204.3.
The latest P/E ratio of Tube Investments as of 12-Apr-2024 16:59 is 92.50.
The latest P/B ratio of Tube Investments as of 12-Apr-2024 16:59 is 18.14.
The 52-week high of Tube Investments is ₹4,120.8 and the 52-week low is ₹2,497.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tube Investments is ₹6,864 ( Cr.) .

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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.