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Cubex Tubings

₹107.3 2.1 | 2%

Market Cap ₹154 Cr.

Stock P/E 43.1

P/B 2.3

Current Price ₹107.3

Book Value ₹ 47.7

Face Value 10

52W High ₹127.5

Dividend Yield 0%

52W Low ₹ 34.3

Cubex Tubings Research see more...

Overview Inc. Year: 1979Industry: Metal - Non Ferrous

Cubex Tubings Limited is a leading Indian manufacturer and exporter of specialized tubing products catering to diverse industrial sectors. Established in 1990, the company has carved a niche for itself in the tubing domain with its cutting-edge technology and commitment to quality. Portfolio encompasses a wide range of tubing solutions, including copper tubes, bundy tubes, precision tubes, and automotive tubing products. These products find applications in varied industries such as automotive, aerospace, oil and gas, pharmaceuticals, and heavy engineering, among others. Clientele spans across multiple continents, with a significant presence in markets such as America, Europe, Asia, and the Middle East. The company's commitment to quality, timely delivery, and customer satisfaction has earned it a loyal customer base among renowned multinational corporations and leading industrial players. Under the leadership of Sunil Mundra, the company's Managing Director, Cubex Tubings Limited has achieved an annual turnover exceeding INR 500 crores.

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Cubex Tubings Share Price

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Cubex Tubings Quarterly Results

#(Fig in Cr.) Mar 2021 Jun 2021 Sep 2021 Dec 2021 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 20 25 35 33 34 46 53 50 65 57
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 20 25 35 33 34 46 53 50 65 57
Total Expenditure 18 24 34 32 33 45 51 49 62 55
Operating Profit 2 1 1 1 1 1 2 2 3 2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 0 0 0 1 1 1 1 2 1
Provision for Tax 0 0 -0 0 0 0 0 0 1 0
Profit After Tax 1 0 0 0 0 0 1 1 1 1
Adjustments 0 -0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 0 0 0 0 1 1 1 1
Adjusted Earnings Per Share 0.6 0.3 0.3 0.3 0.3 0.3 0.4 0.5 0.9 0.7

Cubex Tubings Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 40 45 58 52 47 51 75 60 70 134 191 225
Other Income 1 3 1 2 2 2 2 1 1 2 2 0
Total Income 41 48 59 54 49 53 77 61 71 136 193 225
Total Expenditure 39 46 57 52 47 51 74 58 67 131 187 217
Operating Profit 2 2 2 2 2 2 3 3 4 5 6 9
Interest 0 0 0 0 0 0 1 0 1 1 1 0
Depreciation 2 2 2 2 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 1 1 2 2 4 5
Provision for Tax 0 0 0 0 0 0 0 0 1 0 1 1
Profit After Tax 0 0 0 0 0 0 1 0 1 2 3 4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 0 0 1 0 1 2 3 4
Adjusted Earnings Per Share 0 0.1 0.1 0.2 0.2 0.3 0.5 0.3 0.9 1.7 1.9 2.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 43% 47% 30% 17%
Operating Profit CAGR 20% 26% 25% 12%
PAT CAGR 50% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 164% 53% 53% 37%
ROE Average 4% 3% 2% 1%
ROCE Average 7% 5% 4% 2%

Cubex Tubings Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 54 56 56 56 57 57 58 58 60 62 65
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 5 5 4 3 2 1 0 0 0 0 0
Other Non-Current Liabilities 1 1 1 1 1 1 1 1 1 1 1
Total Current Liabilities 4 4 6 6 8 15 20 19 25 33 31
Total Liabilities 64 66 67 67 68 75 79 79 86 96 97
Fixed Assets 24 22 20 19 18 17 15 17 15 16 15
Other Non-Current Assets 2 9 10 12 11 14 7 9 12 15 15
Total Current Assets 37 35 36 36 39 44 56 54 58 65 67
Total Assets 64 66 67 67 68 75 79 79 86 96 97

Cubex Tubings Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 3 4 3 4 3 3 3 2 2 1 1
Cash Flow from Operating Activities 6 -2 3 2 2 4 -0 3 -0 1 0
Cash Flow from Investing Activities -4 0 -0 -0 -0 -1 1 -3 -0 -0 0
Cash Flow from Financing Activities -1 2 -2 -3 -1 -4 -1 -0 -1 -1 -1
Net Cash Inflow / Outflow 1 -0 1 -1 1 -1 -0 1 -1 -0 -0
Closing Cash & Cash Equivalent 4 3 4 3 3 3 2 3 1 1 1

Cubex Tubings Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.02 0.11 0.13 0.21 0.25 0.27 0.46 0.3 0.93 1.7 1.86
CEPS(Rs) 1.49 1.46 1.25 1.27 1.28 1.26 1.41 1.22 1.89 2.66 2.84
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 42.59 39.54 39.36 39.37 39.63 40.07 40.55 40.86 41.8 43.51 45.37
Core EBITDA Margin(%) 1.73 -1.29 1.12 0.51 0.13 -0.31 0.69 1.99 3.69 1.64 2.03
EBIT Margin(%) 0.91 0.88 0.82 1.09 1.36 1.74 1.41 1.68 3.13 2.06 2.26
Pre Tax Margin(%) 0.72 0.68 0.69 0.78 0.89 0.93 0.79 1.06 2.37 1.59 1.85
PAT Margin (%) 0.06 0.31 0.3 0.51 0.69 0.73 0.74 0.6 1.62 1.56 1.19
Cash Profit Margin (%) 4.04 4.24 2.83 3.15 3.55 3.4 2.27 2.41 3.3 2.45 1.82
ROA(%) 0.04 0.24 0.29 0.44 0.52 0.54 0.86 0.54 1.61 2.66 2.74
ROE(%) 0.05 0.29 0.34 0.53 0.63 0.67 1.15 0.74 2.26 3.97 4.18
ROCE(%) 0.67 0.71 0.84 1.03 1.14 1.46 1.96 1.9 4.12 4.8 6.74
Receivable days 159.96 140.21 121.51 143.1 176.8 173.54 129.4 168.31 141.92 91.56 64.57
Inventory Days 52.85 58.15 42.65 35.9 34.72 62.85 50.71 78.16 83.58 42.28 32.09
Payable days 18.31 20.41 20.31 30.65 41.27 52.58 59.57 95.97 106.25 59.44 31.97
PER(x) 208.17 38.79 74.27 41.25 44.71 68.53 33.51 30.24 18.6 13.74 14.65
Price/Book(x) 0.1 0.11 0.25 0.22 0.28 0.46 0.38 0.22 0.42 0.54 0.6
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.17 0.18 0.27 0.27 0.38 0.61 0.34 0.27 0.36 0.31 0.27
EV/Core EBITDA(x) 3.17 3.46 7.32 6.47 8.11 13.29 9.91 6.46 6.36 9.19 7.89
Net Sales Growth(%) -30.26 12.94 28.15 -10.02 -9.88 9.07 46.89 -20 17.39 90.11 42.95
EBIT Growth(%) -50.38 8.01 20.91 20.55 11.74 31.08 36.41 -3.29 112.02 24.3 58.16
PAT Growth(%) -92.81 522.5 24.79 54.53 19.88 8.07 72.03 -34.85 209.96 81.74 9.52
EPS Growth(%) -92.81 416.83 24.74 54.55 19.9 8.05 72.03 -34.86 210 81.74 9.51
Debt/Equity(x) 0.11 0.1 0.09 0.08 0.09 0.13 0.1 0.09 0.02 0.16 0.2
Current Ratio(x) 9.31 7.98 6.2 6.05 4.66 2.86 2.77 2.78 2.34 1.98 2.17
Quick Ratio(x) 7.29 6.27 4.98 5.35 4 2.05 2.17 1.81 1.59 1.46 1.46
Interest Cover(x) 4.78 4.57 6.01 3.54 2.89 2.14 2.27 2.7 4.14 4.44 5.51
Total Debt/Mcap(x) 1.06 0.93 0.36 0.36 0.32 0.27 0.26 0.4 0.05 0.29 0.33

Cubex Tubings Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 44.42 44.42 44.42 44.42 44.42 44.42 44.42 44.42 44.42 44.42
FII 0 0 0 0 0 0 0 0 0 0
DII 0.36 0.36 0.36 0.36 0.5 0.36 0.36 0.36 0.36 0.36
Public 55.22 55.22 55.22 55.22 55.08 55.22 55.22 55.22 55.22 55.22
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 59.44 to 31.97days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 44.42%.
  • Company has a low return on equity of 3% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Cubex Tubings News

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