Tube Investments

₹2939.8 8.4 | 0.3%

WEBSITE BSE:540762 NSE : TIINDIA 16 Jul, 15:56

Market Cap ₹56883 Cr.

Stock P/E 54

P/B 10.3

Current Price ₹2939.8

Book Value ₹ 285

Face Value 1

52W High ₹4807.1

Dividend Yield 0.12%

52W Low ₹ 2400.1

Edit Ratio

Tube Investments Research see more...

Overview Inc. Year: 2008Industry: Auto Ancillary

Tube Investments of India Limited (TII) is an India-based agency, that is engaged in production of a number of precision engineered and steel formed merchandise. The Company gives its merchandise to industries such as car, railway, production, mining, agriculture. TII operates thru 3 segments: engineering, bicycles and metallic formed merchandise. The engineering segments is engaged in manufacturing cold drawn welded (CWD) and electric resistance welded (ERW) tubes, tubular components, massive diameter tubes for hydraulic cylinders and rancid-avenue packages, and special grade cold rolled steel strips (CRSS). The bicycles section is engaged in production and marketing a wide range of bicycle manufacturers, health equipment and accessories. The metallic product segment is engaged in manufacturing and imparting vehicle and commercial chains, blanking components, motor casings and steel formed products for automotive, business and railway segments.

Tube Investments Share Price

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Price

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Quarterly Price

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Peer Comparison

Tube Investments Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Net Sales	3643	3778	3898	4306	4197	4490	4578	4925	4812	5150
Other Income	50	47	48	62	58	83	65	71	77	158
Total Income	3693	3824	3946	4367	4255	4573	4643	4995	4890	5308
Total Expenditure	3170	3286	3431	3743	3728	4039	4049	4434	4321	4813
Operating Profit	523	539	515	624	527	535	593	561	568	495
Interest	11	11	11	13	13	15	16	16	15	16
Depreciation	95	124	108	112	119	115	114	119	127	137
Exceptional Income / Expenses	51	-25	-13	19	0	-6	0	0	0	-8
Profit Before Tax	469	378	383	518	395	398	464	426	427	334
Provision for Tax	135	64	106	150	118	124	150	127	146	175
Profit After Tax	333	314	278	369	277	275	314	299	280	158
Adjustments	-98	-2	-62	-102	256	-84	-89	-93	-87	-112
Profit After Adjustments	235	312	215	266	533	191	225	207	194	47
Adjusted Earnings Per Share	12.2	16.1	11.1	13.8	27.6	9.9	11.6	10.7	10	2.4

Tube Investments Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Net Sales	4493	5000	5773	4750	6083	12447	14964	16890	19465	19465
Other Income	48	59	54	62	68	104	144	252	371	371
Total Income	4541	5059	5827	4813	6151	12552	15108	17142	19836	19836
Total Expenditure	4087	4613	5226	4169	5443	10995	13062	14921	17596	17617
Operating Profit	455	445	601	644	709	1557	2046	2221	2239	2217
Interest	77	62	56	34	52	99	58	73	83	63
Depreciation	149	154	162	185	251	347	396	454	492	497
Exceptional Income / Expenses	0	-3	3	-22	-42	20	8	0	-11	-8
Profit Before Tax	221	214	378	403	365	1128	1581	1695	1653	1651
Provision for Tax	47	58	127	90	79	161	423	497	599	598
Profit After Tax	174	156	251	313	286	968	1158	1197	1054	1051
Adjustments	-7	-8	-10	-7	-10	-199	-203	9	-381	-381
Profit After Adjustments	168	147	240	306	275	769	956	1206	674	673
Adjusted Earnings Per Share	0.9	7.9	12.8	16.3	14.3	39.9	49.5	62.4	34.8	34.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	15%	16%	33%	0%
Operating Profit CAGR	1%	13%	28%	0%
PAT CAGR	-12%	3%	27%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-28%	14%	44%	NA%
ROE Average	20%	27%	26%	21%
ROCE Average	29%	34%	29%	23%

Tube Investments Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Shareholder's Funds	1188	1272	1475	1734	2312	3071	3951	5105	5536
Minority's Interest	92	100	96	73	383	654	1005	1618	2157
Borrowings	378	229	123	16	925	345	44	49	67
Other Non-Current Liabilities	23	24	47	45	-411	-408	206	1366	2889
Total Current Liabilities	1455	1687	1608	1213	4919	4696	4055	4829	5167
Total Liabilities	3135	3312	3349	3080	8140	8368	9953	13031	15879
Fixed Assets	1294	1346	1417	1503	3413	3313	3576	4381	5198
Other Non-Current Assets	149	207	209	216	331	466	496	729	1252
Total Current Assets	1692	1759	1724	1362	4003	4581	5691	7848	9356
Total Assets	3135	3312	3349	3080	8140	8368	9953	13031	15879

Tube Investments Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Opening Cash & Cash Equivalents	0	0	14	-48	-31	35	516	412	873	536
Cash Flow from Operating Activities	-0	383	409	493	596	257	896	1386	1306	1213
Cash Flow from Investing Activities	0	-263	-190	-196	-246	-345	-79	-871	-2289	-1615
Cash Flow from Financing Activities	0	-685	-291	-280	-284	304	-921	-75	646	522
Net Cash Inflow / Outflow	0	-565	-72	17	66	216	-104	440	-338	121
Closing Cash & Cash Equivalent	0	14	-48	-31	35	516	412	873	536	657

Tube Investments Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Earnings Per Share (Rs)	0	0.89	7.86	12.81	16.3	14.28	39.86	49.48	62.35	34.82
CEPS(Rs)	0	1.72	16.48	21.97	26.53	27.82	68.13	80.49	85.38	79.92
DPS(Rs)	0	2	1.75	2.5	3.5	3.5	3.5	3.5	3.5	3.5
Book NAV/Share(Rs)	0.45	6.34	67.57	78.18	91.78	119.48	158.81	203.82	263.06	285
Core EBITDA Margin(%)	0	8.42	7.49	9.28	12.05	10.3	11.54	12.58	11.52	9.47
EBIT Margin(%)	0	6.19	5.34	7.35	9.04	6.69	9.76	10.84	10.33	8.8
Pre Tax Margin(%)	0	4.59	4.14	6.4	8.35	5.86	8.97	10.46	9.91	8.38
PAT Margin (%)	0	3.62	3.01	4.25	6.49	4.59	7.69	7.66	7	5.35
Cash Profit Margin (%)	0	6.71	5.99	6.99	10.32	8.62	10.45	10.28	9.66	7.84
ROA(%)	0	11.12	4.82	7.53	9.74	5.09	11.72	12.65	10.42	7.29
ROE(%)	0	29.36	12.67	18.35	19.63	14.19	36.06	33.1	26.54	19.89
ROCE(%)	0	29.26	13.49	20.97	20.84	13.15	30.3	38.77	33.9	29.36
Receivable days	0	46.57	46.37	41.63	44.31	51.74	43.87	47.26	51.89	55.87
Inventory Days	0	55.37	52.74	48.76	51.89	48.84	35.3	32.35	33.51	37.11
Payable days	0	107.42	105.73	97.64	109.67	146.63	100.71	86.21	83.31	83.43
PER(x)	0	0	28.5	29.83	16.82	83.47	40.65	51.41	59.84	79.58
Price/Book(x)	0	0	3.32	4.89	2.99	9.97	10.2	12.48	14.18	9.72
Dividend Yield(%)	0	0	0.78	0.65	1.28	0.29	0.22	0.14	0.09	0.13
EV/Net Sales(x)	0	0.19	0.99	1.34	1.15	3.99	2.53	3.26	4.24	2.67
EV/Core EBITDA(x)	0	1.86	11.1	12.86	8.52	34.24	20.22	23.85	32.27	23.23
Net Sales Growth(%)	0	0	11.28	15.46	-17.71	28.06	104.62	20.22	12.87	15.24
EBIT Growth(%)	0	0	-7.57	57.36	0.74	-4.68	194.73	33.52	7.83	-1.77
PAT Growth(%)	0	0	-10.81	61.3	24.89	-8.79	238.63	19.71	3.37	-11.95
EPS Growth(%)	0	0	778.79	62.94	27.28	-12.43	179.17	24.15	26.01	-44.16
Debt/Equity(x)	0	0.72	0.61	0.42	0.22	0.83	0.26	0.16	0.15	0.08
Current Ratio(x)	0	1.16	1.04	1.07	1.12	0.81	0.98	1.4	1.63	1.81
Quick Ratio(x)	0	0.66	0.59	0.57	0.66	0.59	0.69	1.07	1.26	1.38
Interest Cover(x)	0	3.87	4.46	7.74	12.98	8.02	12.41	28.36	24.34	21.01
Total Debt/Mcap(x)	0	0	0.18	0.09	0.07	0.08	0.03	0.01	0.01	0.01

Tube Investments Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	46.43	46.21	46.13	46.11	45.1	45.1	45.04	44.97	44.11	44.1
FII	28.7	28.78	29.27	30.28	28.69	28.19	27.27	28.25	28.12	26.8
DII	12.34	12.38	12.84	12.06	14.72	15.39	16.08	15.3	15.61	16.69
Public	12.54	12.63	11.76	11.55	11.48	11.33	11.61	11.48	12.16	12.41
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	8.96	8.92	8.91	8.91	8.72	8.72	8.71	8.7	8.53	8.53
FII	5.54	5.56	5.66	5.85	5.55	5.45	5.27	5.46	5.44	5.19
DII	2.38	2.39	2.48	2.33	2.85	2.98	3.11	2.96	3.02	3.23
Public	2.42	2.44	2.27	2.23	2.22	2.19	2.25	2.22	2.35	2.4
Others	0	0	0	0	0	0	0	0	0	0
Total	19.31	19.31	19.33	19.33	19.34	19.34	19.34	19.34	19.35	19.35

Pros

Company has delivered good profit growth of 27% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27%
Company is almost debt free.

Cons

Promoter holding is low: 44.1%.
Debtor days have increased from 83.31 to 83.43days.
Stock is trading at 10.3 times its book value.

* 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.