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Tube Investment

TIINDIA NSE

Key Fundamentals

MidcapAuto ComponentsAutomobiles
Market Cap
₹50,036 Cr
Volatility
Moderate
P/E Ratio
83.16
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

Tapetide Score

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

Key Insights

Weaknesses

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

Growth Rate

Revenue Growth
17.14% higher than 3Y
Net Income Growth
5.88% higher than 3Y
Cash Flow Change
-2.03% lower than 3Y
ROE
-42.67% lower than 3Y
ROCE
-19.43% higher than 3Y
EBITDA Margin (Avg.)
1.7% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Tube Investments of India Ltd trades at a market cap of ₹50,036 Cr with a PE of 46.3x and PB of 6.62x, reflecting premium valuations. The company has delivered strong 5-year sales CAGR of 30% but recent profitability has turned negative with TTM profit growth at -3%, while ROE has declined from a 5-year average of 19% to 10% in the last year.

Bull Case 7
  • Strong long-term revenue growth with 5-year compounded sales CAGR of 30%, significantly above most industrial peers
  • Solid 5-year compounded profit CAGR of 17%, demonstrating ability to scale earnings over longer periods
  • TTM sales growth remains healthy at 18%, indicating continued top-line momentum despite macro headwinds
  • Respectable long-term capital efficiency with 5-year average ROE of 19% and 10-year average ROE of 18%
  • 5-year stock CAGR of 14% shows meaningful long-term wealth creation for shareholders
  • Large-cap status with ₹50,036 Cr market cap provides institutional liquidity and index inclusion potential
  • 3-year compounded sales CAGR of 15% shows sustained double-digit revenue trajectory even in recent years
Bear Case 8
  • PE of 46.3x is significantly elevated for a consumer discretionary/industrial company, leaving little margin of safety
  • ROE has sharply deteriorated from 19% (5-year average) to just 10% in the last year, signalling declining return on capital
  • TTM compounded profit growth is negative at -3%, indicating earnings are contracting even as sales grow 18% — margin compression is evident
  • 3-year compounded profit CAGR is deeply negative at -11%, showing a sustained multi-year earnings decline
  • Stock has underperformed with 1-year return of -17% and 3-year CAGR of -8%, reflecting market scepticism on the valuation-earnings gap
  • Dividend payout has been low at just 8.78% of profits over the last 3 years, with a current yield of only 0.13%, offering negligible income support
  • PB ratio of 6.62x is premium, implying the market is pricing in high growth that recent profit trends do not support
  • Widening gap between sales growth (18% TTM) and profit growth (-3% TTM) suggests rising cost pressures or operational inefficiencies

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 1
  • PAT dips 3% on steel costs Aug 20

    Q1FY27 PAT fell 3% YoY to ₹294.0 crore due to steel cost inflation, even as revenue grew 17% to ₹6,215.3 crore. Margin compression from input costs remains a near-term drag.

Positives 4
  • Revenue up 17% in Q1FY27 Aug 20

    Consolidated revenue rose 17% YoY to ₹6,215.3 crore and standalone revenue grew 18% to ₹2,366.2 crore, indicating strong top-line momentum.

  • E-mobility records, 3W up 64% Aug 20

    E-mobility segment hit record volumes with three-wheeler sales surging 64% QoQ, signaling progress toward segment breakeven.

  • Cost recovery via price hikes Aug 20

    Management confirmed full recovery of elevated steel costs through lagged price hikes, which should restore margins in coming quarters.

  • Shanthi Gears stake raised to 73% Aug 21

    Acquired 20.65 lakh shares in subsidiary Shanthi Gears for ₹77.49 crore, raising stake to 73.16% and strengthening control over the gears business.

Neutral 1
  • Analyst call audio published Aug 17

    Tube Investments hosted an analyst and investor conference call on August 17, 2026, with the audio recording made available on its website.

TL;DR: Tube Investments delivered strong 17% revenue growth in Q1FY27, powered by record e-mobility volumes and robust standalone performance. The key risk is steel cost inflation that compressed PAT by 3%, though management has guided for full cost recovery via lagged price hikes. The Shanthi Gears stake increase signals continued consolidation of the group structure. The trend is constructive if margin recovery materialises in Q2 and the e-mobility segment continues its path toward breakeven.

Quarterly Results

Particulars 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

Particulars 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

Particulars 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

Particulars 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

Particulars 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%

Insights

Beta

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

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59 extracted metrics + investor summaries across FY16–FY26.

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Shareholding Pattern

Others3.02%Govt.0.45%Promot.43.93%Public9.25%DIIs21.02%FIIs22.34%As ofJun 2026
0.01% of promoter holding pledged as of Jun 2026

Documents

Frequently Asked Questions about Tube Investment

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 trades as TIINDIA on the NSE and under code 540762 on the BSE.
Which sector does Tube Investments of India Ltd belong to?
Tube Investments of India Ltd is classified under the Consumer Discretionary sector, in the Auto Components industry.
What is the market capitalisation of Tube Investments of India Ltd?
Tube Investments of India Ltd has a market capitalisation of ₹50,036 Cr, which places it in the Large Cap band.
What is the PE ratio of Tube Investments of India Ltd?
Tube Investments of India Ltd trades at a PE ratio of 83.16, on earnings per share of ₹34.13, against a book value of ₹400.44 per share.
What is the 52-week high and low of Tube Investments of India Ltd?
Over the last 52 weeks Tube Investments of India Ltd has traded between ₹2,164.9 and ₹3,419.9.
Does Tube Investments of India Ltd pay dividends?
Tube Investments of India Ltd has a dividend yield of 0.13%.
What is the Return on Equity (ROE) of Tube Investments of India Ltd?
Tube Investments of India Ltd reported a return on equity of 7.86%. Its debt-to-equity ratio is 0.10.

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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