Tube Investments of India Ltd logo

Tube Investments of India Ltd

TIINDIA NSE

Key Fundamentals

MidcapAuto ComponentsAutomobiles
Market Cap
₹56,207 Cr
Volatility
Moderate
P/E Ratio
94.42
EBITDA
₹2,645 Cr
Return on Equity
7.86%
Debt to Equity
0.1
Book Value
₹400.44
EPS
₹34.13
52W High
₹3,419.9
52W Low
₹2,164.9

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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43 extracted metrics + investor summaries across FY16–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

1
  • Dividend payout has been low at 8.78% of profits over last 3 years

Growth Rate

Revenue Growth
17.14% ↗
Net Income Growth
5.88% ↘
Cash Flow Change
-2.03% ↘
ROE
-42.67% ↘
ROCE
-19.43% ↘
EBITDA Margin (Avg.)
1.70% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Tube Investments of India is a diversified industrial conglomerate (part of the Murugappa Group) with FY25 consolidated revenue of ~₹19,465 Cr (up ~15% YoY) and a market cap of ~₹54,217 Cr. The stock trades at a P/E of 48.8x and 7.04x book value, while TTM profit growth has turned negative at -3% despite strong top-line momentum, reflecting margin pressures from its EV investments and acquisition-led expansion.

Bull Case 8
  • Consolidated revenue grew 15% YoY in FY25 to ₹19,465 Cr from ₹16,890 Cr, demonstrating sustained top-line momentum
  • 5-year compounded sales CAGR of 30% reflects a strong structural growth trajectory across cycles
  • 5-year compounded profit CAGR of 17% shows the business has historically been able to convert revenue growth into earnings
  • Q3 FY25 consolidated profit rose to ₹427 Cr from ₹395 Cr YoY (+8%), indicating sequential recovery after a weak first half
  • Q2 FY26 consolidated revenue reached ₹5,523 Cr, up 12.1% YoY, suggesting continued growth momentum into FY26
  • Diversified business model spanning engineering, mobility (cycles, EV), and metal forming provides multiple growth levers and reduces single-segment risk
  • Part of the Murugappa Group with over 120 years of operating history, providing strong governance and institutional backing
  • FY25 free cash flow of ₹397 Cr (55% of PAT excluding fair value gains) shows reasonable cash conversion despite heavy capex phase
Bear Case 8
  • TTM compounded profit growth is -3% and 3-year profit CAGR is -11%, indicating significant earnings deterioration despite revenue growth
  • P/E of 48.8x is elevated relative to earnings that are declining, implying the market is pricing in a recovery that has not yet materialized
  • Stock trades at 7.04x book value, well above sector peers, leaving limited margin of safety if growth disappoints
  • ROE has declined from a 5-year average of 19% to just 10% in the last year, signaling deteriorating capital efficiency
  • Dividend payout has been only 8.78% of profits over the last 3 years with a yield of just 0.12%, offering negligible income to shareholders
  • Stock CAGR of -7% over 1 year and 0% over 3 years shows the market has already de-rated the stock amid earnings weakness
  • Q2 FY25 consolidated profit fell to ₹426 Cr from ₹499 Cr YoY (-15%), showing EV and acquisition-related drags on profitability
  • Heavy capex and EV breakeven not expected until FY26, creating near-term margin overhang with uncertain payoff timing

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Headwinds 1
  • PAT dips 3% despite revenue growth Aug 17

    Consolidated PAT from continuing operations fell 3% to ₹294.0 crore in Q1FY27, while standalone net profit declined 6% to ₹158.6 crore due to input cost inflation and a sharp drop in other income.

Positives 2
  • Revenue up 17% broad-based growth Aug 17

    Consolidated revenue grew 17% to ₹6,215.3 crore in Q1FY27 with double-digit growth across Engineering (+21%), Mobility (+26%), and Metal Formed Products (+12%).

  • Orange Koi acquisition for ₹35 crore Aug 17

    Tube Investments acquired a 76.24% stake in Orange Koi Private Limited for ₹35 crore during Q1FY27, expanding its portfolio.

Neutral 2
  • Q1FY27 earnings call hosted Aug 17 Aug 17

    Tube Investments hosted an analyst earnings call on August 17, 2026 at 10:00 AM IST to discuss Q1FY27 unaudited results, featuring Executive Chairman and CFO.

  • TI Clean Mobility auditor resigns Jul 30

    Sundaram & Srinivasan resigned as statutory auditors of TI Clean Mobility effective July 30, 2026 to enable a common auditor with the parent company.

TL;DR: Tube Investments delivered strong 17% revenue growth in Q1FY27 with broad-based segment momentum, but margin pressure from input cost inflation and lower other income dragged PAT down 3%. The top-line trajectory is encouraging with all key segments growing in double digits, though profitability conversion remains a near-term risk to watch. If input costs stabilize, the operating leverage from strong revenue growth should drive earnings recovery in coming quarters.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,898
4,306
4,197
4,490
4,578
4,925
4,812
5,150
5,309
5,523
5,801
6,215
6,215
Expenses
3,431
3,744
3,728
4,039
4,047
4,434
4,321
4,813
4,763
4,978
5,216
5,632
5,667
Operating Profit
467
562
469
451
531
490
491
337
546
544
585
583
548
OPM %
12%
13%
11%
10%
12%
10%
10%
7%
10%
10%
10%
9%
9%
Other Income
42
59
609
77
62
71
77
150
72
93
49
108
112
Interest
11
13
13
15
16
16
15
16
17
14
15
16
16
Depreciation
108
112
119
115
110
119
127
137
152
164
173
175
183
PBT
390
496
946
398
467
426
426
334
449
459
445
500
461
Tax %
27%
30%
12%
31%
32%
30%
34%
53%
32%
34%
37%
53%
36%
Net Profit
284
346
828
274
317
299
280
158
303
302
279
234
294
EPS in Rs
11.14
13.77
27.58
9.88
11.73
10.69
10.01
2.4
10.28
9.65
8.57
4.41
8.71
Figures in ₹ Crores

Profit & Loss

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
0
4,479
5,000
5,773
4,750
6,083
12,447
14,964
16,890
19,465
22,847
23,754
Expenses
0
4,073
4,626
5,240
4,169
5,443
10,997
13,081
14,921
17,595
20,569
21,494
Operating Profit
0
406
374
533
582
641
1,450
1,883
1,969
1,870
2,279
2,259
OPM %
—
9%
7%
9%
12%
11%
12%
13%
12%
10%
10%
10%
Other Income
0
41
55
62
40
26
147
319
787
359
317
362
Interest
0
77
62
56
34
52
99
58
73
83
79
62
Depreciation
0
149
154
162
185
251
347
396
465
492
664
695
PBT
0
221
214
378
403
365
1,152
1,748
2,218
1,653
1,852
1,864
Tax %
—
21%
27%
34%
22%
22%
14%
24%
22%
36%
40%
—
Net Profit
0
174
156
251
313
286
991
1,325
1,723
1,054
1,118
1,109
EPS in Rs
—
—
7.86
12.81
16.31
14.28
39.85
49.48
62.08
34.82
32.9
31.34
Div. Payout %
—
0%
17%
20%
21%
25%
1%
7%
6%
10%
11%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.11
19
19
19
19
19
19
19
19
19
19
Reserves
0
1,169
1,254
1,457
1,715
2,293
3,052
3,931
5,080
5,516
7,732
Borrowings
0
851
776
611
414
1,972
871
726
896
703
754
Other Liabilities
0
1,097
1,263
1,263
932
4,349
4,932
5,583
7,109
9,640
12,919
Total Liabilities
0
3,135
3,312
3,349
3,080
8,634
8,874
10,260
13,105
15,879
21,425
Fixed Assets
0
1,306
1,358
1,429
1,515
3,426
3,324
3,588
4,417
5,210
6,232
CWIP
0
34
90
69
58
152
128
191
381
770
895
Investments
0
202
134
132
186
369
542
729
1,370
931
1,024
Other Assets
0
1,593
1,730
1,719
1,321
4,687
4,880
5,752
6,938
8,969
13,274
Total Assets
0
3,135
3,312
3,349
3,080
8,634
8,874
10,260
13,105
15,879
21,425
Figures in ₹ Crores

Cash Flow

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
383
409
493
596
257
896
1,386
675
1,185
1,161
Investing
0
316
-181
-196
-246
-80
-79
-850
-1,657
-1,587
-3,953
Financing
0
-685
-291
-280
-284
304
-921
-75
645
522
2,668
Net Cash Flow
0
14
-63
17
66
481
-104
461
-336
120
-124
Free Cash Flow
0
227
182
310
377
112
658
983
-148
-22
-266
CFO/OP
—
104
128
115
123
56
70
87
48
88
85
Figures in ₹ Crores

Ratios

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
—
50
51
41
40
74
52
52
59
62
70
Inventory Days
—
101
93
84
75
111
58
50
59
63
70
Days Payable
—
107
117
96
94
224
103
85
92
89
98
Cash Conversion Cycle
—
44
26
29
22
-38
8
17
26
36
41
Working Capital Days
—
4
-4
-3
-2
-88
-30
0
10
24
52
ROCE %
—
26%
13%
20%
21%
13%
26%
32%
26%
22%
17%

Shareholding Pattern

As of Jun 2026
Promoters 43.93%
FIIs 22.34%
DIIs 21.02%
Public 9.25%
Others 3.02%
Government 0.45%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
46.66%
46.66%
46.49%
46.48%
46.46%
46.45%
46.45%
46.43%
46.21%
46.13%
46.11%
45.10%
45.10%
45.04%
44.97%
44.11%
44.10%
44.09%
44.09%
44.05%
44.04%
43.93%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.13%
0.13%
0.00%
30.42%
28.83%
28.32%
27.41%
28.39%
28.24%
26.93%
26.31%
25.44%
23.15%
21.42%
22.34%
DIIs
13.94%
13.69%
14.19%
13.60%
12.81%
13.18%
12.92%
11.76%
11.80%
12.27%
11.48%
14.14%
14.81%
15.50%
14.72%
15.04%
16.11%
16.79%
17.71%
19.67%
21.75%
21.02%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
Public
9.48%
9.32%
9.27%
9.14%
9.66%
9.45%
8.82%
8.65%
8.79%
8.58%
8.50%
8.49%
8.39%
8.71%
8.75%
9.31%
9.51%
9.37%
9.33%
9.62%
9.33%
9.25%
Others
29.92%
30.33%
30.05%
30.79%
31.07%
30.92%
31.36%
32.58%
32.62%
32.58%
3.04%
2.99%
2.94%
2.90%
2.73%
2.85%
2.90%
3.00%
2.98%
3.05%
3.01%
3.02%
No. of Shareholders
31,435
38,771
40,456
49,190
58,980
54,972
77,071
91,122
83,889
75,343
76,472
79,168
80,778
83,215
87,030
95,152
1,02,308
1,06,311
1,04,102
1,08,615
1,06,178
1,00,623

Documents

Frequently Asked Questions about Tube Investments of India Ltd

What does Tube Investments of India Ltd do?
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 it...
Where is Tube Investments of India Ltd (TIINDIA) listed?
Tube Investments of India Ltd is listed on the Indian stock exchanges. It is listed on NSE: TIINDIA and BSE: 540762. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tube Investments of India Ltd belong to?
Tube Investments of India Ltd operates in the Consumer Discretionary sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tube Investments of India Ltd?
Tube Investments of India Ltd has a market capitalisation of approximately ₹56206.62 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Tube Investments of India Ltd?
The Price-to-Earnings (PE) ratio of Tube Investments of India Ltd is 94.42. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tube Investments of India Ltd?
Over the past 52 weeks, Tube Investments of India Ltd has traded between a low of ₹2,164.9 and a high of ₹3,419.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tube Investments of India Ltd pay dividends?
Yes, Tube Investments of India Ltd has a dividend yield of 0.13%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tube Investments of India Ltd?
Tube Investments of India Ltd has a Return on Equity (ROE) of 7.86%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tube Investments of India Ltd on Tapetide?
On Tapetide, you can view Tube Investments of India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website tiindia.com
CEO Mr. M. Arun Murugappan Arunachalam
Employees 3,219
Listed 2017-11-02
Face Value ₹ 1
Issued Size 19,35,08,850

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