Tube Investments of India Ltd logo

Tube Investments of India Ltd

TIINDIA NSE

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]

AI Verdict: HOLD Confidence: 5%

Tube Investments trades at a demanding 56.3x PE with declining profitability (TTM profit growth of -3%) despite strong revenue momentum (TTM sales growth of 17%). The diversified industrial platform has long-term merit but current valuations leave little margin of safety given deteriorating return ratios and rising working capital intensity.

Key Fundamentals

Volatility
Moderate
P/E Ratio
92.8
EBITDA
₹1,563 Cr
Return on Equity
17.6%
Debt to Equity
0.15
EPS
₹34.13
52W High
₹3,419.9
52W Low
₹2,164.9

Technical Indicators

Key Insights

Weaknesses

3
  • Stock is trading at 7.92 times its book value
  • Dividend payout has been low at 8.77% of profits over last 3 years
  • Working capital days have increased from 33.5 days to 67.1 days

Growth Rate

Revenue Growth
12.03% ↗
Net Income Growth
3.88% ↗
Cash Flow Change
79.72% ↗
ROE
-22.10% ↘
ROCE
-23.48% ↘
EBITDA Margin (Avg.)
-38.25% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

Tube Investments trades at a demanding 56.3x PE with declining profitability (TTM profit growth of -3%) despite strong revenue momentum (TTM sales growth of 17%). The diversified industrial platform has long-term merit but current valuations leave little margin of safety given deteriorating return ratios and rising working capital intensity.

Bull Case 7
  • Strong revenue growth with TTM sales growing at 17% and 5-year compounded sales CAGR of 30%, indicating robust demand across business verticals
  • Long-term stock CAGR of 23% over 5 years demonstrates sustained wealth creation for shareholders
  • 5-year compounded profit CAGR of 17% shows the company has historically delivered earnings growth over full cycles
  • 5-year average ROE of 19% reflects a high-quality business with strong capital allocation track record
  • Market cap of Rs 63,210 crore provides institutional-grade liquidity and index inclusion benefits
  • 50% of analysts covering the stock have a Buy rating, indicating consensus leans positive on medium-term outlook
  • 10-year average ROE of 18% demonstrates structural ability to generate returns well above cost of capital
Bear Case 8
  • PE ratio of 56.3x is extremely elevated for an industrial conglomerate, pricing in near-flawless execution
  • Price-to-book of 8.12x is excessively rich — the stock trades at over 8 times book value, limiting downside support
  • TTM profit growth has turned negative at -3%, indicating margin compression even as revenues grow
  • 3-year compounded profit CAGR of -11% signals a sustained deterioration in earnings trajectory
  • Last year ROE collapsed to 10% from the 3-year average of 15%, a sharp 500 bps decline in return quality
  • Working capital days nearly doubled from 33.5 days to 67.1 days, suggesting cash conversion cycle stress
  • Dividend yield of just 0.06% with payout ratio of only 8.77% of profits over 3 years offers negligible income support
  • 25% of covering analysts have a Sell rating — unusual for a large-cap name and reflects valuation discomfort

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 3
  • No promoter encumbrance confirmed Jun 15

    Promoters of Tube Investments confirmed zero encumbrance on their holdings during FY 2025-26, disclosed under SEBI takeover regulations.

  • ₹34.45 Cr block trade on NSE Jun 11

    Approximately 1,12,036 shares traded at ₹3,074.70 per share in a single block deal worth ₹34.45 crores, indicating institutional-level participation.

  • ₹15.86 Cr block trade on NSE Jun 1

    Around 51,364 shares changed hands at ₹3,087.80 per share in a block deal worth ₹15.86 crores, reflecting continued institutional activity.

TL;DR: A quiet period for Tube Investments with no material positive or negative catalysts. The stock saw two institutional block trades totalling ~₹50 crores in early June at prices around ₹3,075-3,088, suggesting steady large-investor interest. No promoter pledge risk exists. With no operational or sectoral news flow, the near-term direction will likely depend on broader auto sector sentiment and upcoming quarterly results.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
3,778
3,898
4,306
4,197
4,490
4,578
4,925
4,812
5,150
5,309
5,523
5,801
6,215
Expenses
3,288
3,431
3,744
3,728
4,039
4,047
4,434
4,321
4,813
4,763
4,978
5,216
5,632
Operating Profit
489
467
562
469
451
531
490
491
337
546
544
585
583
OPM %
13%
12%
13%
11%
10%
12%
10%
10%
7%
10%
10%
10%
9%
Other Income
188
42
59
609
77
62
71
77
150
72
93
49
108
Interest
11
11
13
13
15
16
16
15
16
17
14
15
16
Depreciation
124
108
112
119
115
110
119
127
137
152
164
173
175
PBT
542
390
496
946
398
467
426
426
334
449
459
445
500
Tax %
12%
27%
30%
12%
31%
32%
30%
34%
53%
32%
34%
37%
53%
Net Profit
477
284
346
828
274
317
299
280
158
303
302
279
234
EPS in Rs
16.14
11.14
13.77
27.58
9.88
11.73
10.69
10.01
2.4
10.28
9.65
8.57
4.41
Figures in ₹ Crores

Profit & Loss

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
0
4,479
5,000
5,773
4,750
6,083
12,447
14,964
16,890
19,465
22,847
Expenses
0
4,073
4,626
5,240
4,169
5,443
10,997
13,081
14,921
17,595
20,590
Operating Profit
0
406
374
533
582
641
1,450
1,883
1,969
1,870
2,258
OPM %
—
9%
7%
9%
12%
11%
12%
13%
12%
10%
10%
Other Income
0
41
55
62
40
26
147
319
787
359
321
Interest
0
77
62
56
34
52
99
58
73
83
62
Depreciation
0
149
154
162
185
251
347
396
465
492
664
PBT
0
221
214
378
403
365
1,152
1,748
2,218
1,653
1,852
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
EPS in Rs
—
—
7.86
12.81
16.31
14.28
39.85
49.48
62.08
34.82
32.9
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
12,981
Total Liabilities
0
3,135
3,312
3,349
3,080
8,634
8,874
10,260
13,105
15,879
21,487
Fixed Assets
0
1,306
1,358
1,429
1,515
3,426
3,324
3,588
4,417
5,210
6,321
CWIP
0
34
90
69
58
152
128
191
381
770
806
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
13,336
Total Assets
0
3,135
3,312
3,349
3,080
8,634
8,874
10,260
13,105
15,879
21,487
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
1,213
1,161
Investing
0
316
-181
-196
-246
-80
-79
-850
-1,657
-1,615
-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
7
-266
CFO/OP
—
104
128
115
123
56
70
87
48
90
86
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
67
ROCE %
—
26%
13%
20%
21%
13%
26%
32%
26%
22%
17%

Shareholding Pattern

As of Mar 2026
Promoters 44.05%
DIIs 21.75%
FIIs 21.42%
Public 12.33%
Government 0.45%
Total 100.00%
  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
46.13%
46.12%
45.11%
45.11%
45.04%
44.97%
44.11%
44.11%
44.09%
44.09%
44.06%
44.05%
FIIs
29.41%
30.42%
28.83%
28.33%
27.40%
28.38%
28.25%
26.93%
26.31%
25.45%
23.15%
21.42%
DIIs
12.25%
11.47%
14.14%
14.81%
15.50%
14.73%
15.04%
16.12%
16.78%
17.71%
19.68%
21.75%
Government
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
11.77%
11.55%
11.48%
11.31%
11.60%
11.48%
12.15%
12.40%
12.35%
12.29%
12.67%
12.33%
No. of Shareholders
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

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 PE ratio of Tube Investments of India Ltd?
The Price-to-Earnings (PE) ratio of Tube Investments of India Ltd is 92.80. 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.
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 17.60%. 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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