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Tube Investment

Tube Investments of India Ltd

TIINDIA NSE
₹2,250.50 +60.50 (+2.76%)
P/E
71.81
View as Markdown
MCP
Close 4 Nov 2026 ₹2,250.50 −727.10 −24.4% 1Y
Start ₹2,977.60

Key Fundamentals

MidcapAuto ComponentsConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
17.10%
Debt to Equity
0.10
EPS (TTM)
₹31.34
Book Value
₹400.44
Market Cap
—
P/E (TTM)
71.81
P/B
5.62
ROE
9.95%
Dividend Yield
0.16%
EBITDA
₹2,645 Cr
52W High
₹3,335.20
52W Low
₹2,005.20
Day Range
₹2,156.50 – ₹2,332.00
Volume
2,07,961

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

Tube Investment peer comparison
Samvardhana Motherson International
₹159.4938.43₹1,68,660 Cr3.980.37%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
Bosch
₹50,925.0063.56₹1,48,351 Cr10.110.54%14.60%21.50%₹21,088 Cr₹2,363 Cr
Bharat Forge
₹1,812.80122.74₹86,739 Cr7.650.48%12.00%12.60%₹17,543 Cr₹715 Cr
UNO Minda
₹1,196.9057.49₹67,494 Cr10.130.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
Sona BLW Precision Forgings
₹893.7074.48₹56,293 Cr8.700.38%11.70%15.10%₹4,514 Cr₹746 Cr
Schaeffler India
₹3,507.2042.47₹55,555 Cr8.920.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
Tube Investment (this company)
₹2,250.5071.81₹42,644 Cr5.620.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
Median 7 companies₹1,812.8063.56₹67,494 Cr8.700.38%12.00%17.10%₹20,725 Cr₹1,291 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

43 Weak

Data confidence 100/100

Category scores

Quality
52
Average
Returns, margins, earnings quality 22% weight
Valuation
29
Poor
Cheap vs sector & own history 24% weight
Growth
56
Good
Sales & profit trajectory 9% weight
Financial Health
58
Good
Solvency, leverage, coverage 9% weight
Momentum
9
Poor
Trend strength, vol-adjusted 12% weight
Ownership
48
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral757
OscillatorsBullish153
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.05
Neutral
MACD (12,26,9)
−74.00
Bullish
SMA (50)
2,446.28
Bearish
SMA (200)
2,697.21
Bearish

As of

Analyst Rating

Based on 4 analysts
BUY50%

2 of 4 analysts rate Buy, 1 Hold, 1 Sell.

As of

BUY
2
50%
HOLD
1
25%
SELL
1
25%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YZero base
5Y+30.30%
3Y+15.15%
1Y+17.37%
TTM+17.62%

Net profit

Net profit growth by window
10YZero base
5Y+31.35%
3Y−5.51%
1Y+6.07%
TTM+6.63%

Operating cash flow

Operating cash flow growth by window
10YZero base
5Y+35.20%
3Y−5.73%
1Y−2.03%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YNo sales
5Y−0.56 pp
3Y−2.60 pp
1Y+0.37 pp
TTM+0.28 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹4,479 Cr
Mar 2018₹5,000 Cr
Mar 2019₹5,773 Cr
Mar 2020₹4,750 Cr
Mar 2021₹6,083 Cr
Mar 2022₹12,447 Cr
Mar 2023₹14,964 Cr
Mar 2024₹16,890 Cr
Mar 2025₹19,465 Cr
Mar 2026₹22,847 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹174 Cr
Mar 2018₹156 Cr
Mar 2019₹251 Cr
Mar 2020₹313 Cr
Mar 2021₹286 Cr
Mar 2022₹991 Cr
Mar 2023₹1,325 Cr
Mar 2024₹1,723 Cr
Mar 2025₹1,054 Cr
Mar 2026₹1,118 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹282 Cr
Reported High Mean Low

Analyst consensus here uses a different definition from reported ebitda (they differ 1.9× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Tube Investments of India trades at ₹2,190 as of 2026-11-03 with a market cap of ₹42,260.71 crore and a P/E of 69.88x on trailing earnings. The company shows robust revenue growth at 18% TTM but profitability has contracted with a 3-year compounded profit decline of -11%, while the balance sheet remains conservatively leveraged at a debt-to-equity ratio of 0.1.

Bull Case 7
  • Strong revenue momentum with TTM compounded sales growth of 18% and a 5-year compounded sales CAGR of 30%, indicating sustained top-line expansion across cycles
  • Near debt-free balance sheet with a debt-to-equity ratio of just 0.1, providing significant financial flexibility for organic and inorganic growth initiatives
  • Healthy long-term return on equity track record with a 10-year average ROE of 18% and a 5-year average ROE of 19%, reflecting durable competitive advantages in its core businesses
  • Diversified industrial conglomerate spanning engineering, metal forming, and mobility solutions, reducing single-segment concentration risk typical of pure-play auto component peers
  • Stock currently trades 34% below its 52-week high of ₹3,335.20, which may reflect a more accessible entry zone relative to recent trading history
  • 5-year compounded sales growth of 30% significantly outpaces many listed auto ancillary peers, suggesting market share gains or successful new segment penetration
  • ROCE of 12.81% remains in positive territory despite the profit slowdown, indicating the company continues to generate returns above the cost of debt even in a softer earnings phase
Bear Case 7
  • 3-year compounded profit growth of -11% and TTM profit decline of -3% show a clear deterioration in profitability even as revenues have grown, pointing to margin compression
  • Last year ROE of 10% has dropped sharply from the 5-year average of 19%, a halving that signals weakening capital efficiency or dilution of returns
  • Stock has delivered a 1-year return of -31% and a 3-year CAGR of -10%, significantly destroying shareholder value over meaningful time horizons
  • Dividend yield of just 0.16% and a payout ratio of only 8.78% of profits over the last 3 years offer negligible income support to investors during periods of capital depreciation
  • Price-to-book ratio of 5.47x is elevated, implying the market prices in substantial intangible value and growth optionality that is not yet visible in current return metrics
  • The wide gap between revenue growth (18% TTM) and profit growth (-3% TTM) suggests rising input costs, higher operating expenses, or investment-phase drag that is compressing margins
  • Current ROE of 7.86% as of 2026-11-03 sits well below the 10-year average of 18%, raising questions about whether the historical return profile is structurally achievable going forward

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

AI News Digest

9h ago

TL;DR: A quiet period for Tube Investments with no material positive or negative catalysts. The ₹39 lakh pollution penalty is negligible relative to the company's scale, and the large block trade signal lacks confirmed details on intent. No operational or earnings-related news emerged, leaving the near-term outlook dependent on upcoming quarterly results and broader auto-sector trends.

Neutral 1
  • ₹39L pollution penalty, no impact Nov 02

    Punjab Pollution Control Board issued a ₹39 lakh environmental compensation order dated Oct 27, 2026 for non-compliance with Consent to Operate conditions under the Water Act. The company confirmed no material impact on financials or operations.

Quarterly Results

₹ Cr
TIINDIA quarterly results, ₹ crore
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
109
112
119
119
114
119
127
137
152
164
173
175
183
PBT
390
496
946
395
464
426
427
334
449
459
445
498
461
Tax %
27%
30%
12%
31%
32%
30%
34%
53%
32%
34%
37%
53%
36%
Net Profit
284
346
828
271
314
299
280
158
303
302
279
234
294
EPS (₹)
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

Profit & Loss

₹ Cr
TIINDIA profit and loss, annual, ₹ crore
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
1,654
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 (₹)
—
—
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%
—

Balance Sheet

₹ Cr
TIINDIA balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
TIINDIA cash flow, annual, ₹ crore
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/EBITDA
—
104
128
115
123
56
70
87
48
88
85

Ratios

TIINDIA financial ratios, annual
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

Log in to view Tube Investment insights

63 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 44.10%
  • DIIs 21.63%
  • FIIs 21.50%
  • Public 9.27%
  • Others 3.05%
  • Government 0.45%

0.01% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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.
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 Automobiles sector, in the Auto Components industry.
What is the PE ratio of Tube Investments of India Ltd?
Tube Investments of India Ltd trades at a PE ratio of 71.81 as of 4 Nov 2026, on earnings per share of ₹31.34, 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 ₹2,005.2 and ₹3,335.2 as of 4 Nov 2026.
Does Tube Investments of India Ltd pay dividends?
Tube Investments of India Ltd has a dividend yield of 0.16%.
What is the Return on Equity (ROE) of Tube Investments of India Ltd?
Tube Investments of India Ltd reported a return on equity of 9.95%. 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.

Website tiindia.com
CEO Mr. M. Arun Murugappan Arunachalam
Employees 3,219
Listed 2 Nov 2017
Face Value ₹1

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