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Tube Investments of India Ltd

₹ 2,5490.75%
06 Jan – close price
🔗tiindia.com•BSE: 540762•NSE: TIINDIA
Market Cap₹ 49,326 Cr.
Current Price₹ 2,549
High / Low₹ 3,674
Stock P/E36.7
Book Value₹ 286
Dividend Yield0.14 %
ROCE31.9 %
ROE28.6 %
Face Value₹ 1.00
Sales₹ 7,993 Cr.
OPM12.4 %
Mar Cap₹ 49,326 Cr.

ABOUT

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]

KEY POINTS

Leadership[1]Company is the largest manufacturer of cold drawn welded steel tubes in India. It’s the market leader of transmission chains in India & 2nd largest manufacturer of cycles transmission chain in India. It has 35+ manufacturing locations.

Also present in buckets:
Capacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Samvardh. Mothe.120.8338.08127529.330.47845.63-3.2530172.978.4913.66117367.728.863348.88851.183.434.600.53
2.Bosch38960.0050.59114907.221.31554.2010.824794.809.1121.1118959.7013.112271.53554.208.2010.700.01
3.Uno Minda1320.9069.7176222.740.17322.7927.144814.0313.4118.8318015.4311.541093.46303.9912.239.360.46
4.Bharat Forge1474.7065.2270503.730.58299.2822.834031.939.3112.1815268.8317.661080.93299.207.534.720.71
5.Schaeffler India3786.1052.9559178.130.74306.6524.082360.1413.8625.678834.5718.981117.62306.6510.7514.850.01
6.Tube Investments2549.0036.7149325.610.14186.7511.292118.962.6231.867992.9712.451343.72186.758.9221.270.01
7.Endurance Tech.2569.5041.3736143.320.39227.2711.973582.8223.0117.2612724.3613.48873.65227.275.789.210.20
–Median: 126 Co.452.7529.631293.260.3812.4710.98212.4710.9714.73825.6812.0938.4810.763.126.480.39

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
1,7101,8981,9101,7801,9602,0071,6631,9621,9571,9061,9702,0652,119
Expenses
1,4951,6591,6671,5641,7171,7591,4531,7451,7291,6551,7181,8191,842
Operating Profit
214239243216243247211217228251251246277
Other Income
171417221023142145704-9362623
Profit before tax
192210212198208222301318880202245225250
Tax %
28%25%24%25%26%24%17%22%8%30%26%25%25%
Net Profit
138158161148154168251248814142181168187
EPS in Rs
7.138.148.317.647.998.6912.9812.8242.057.389.398.689.65

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
0004,0994,5715,2864,2764,2566,3597,2367,6117,8937,993
Expenses
0003,7334,2184,7903,7293,7515,6466,3546,6846,9306,998
Operating Profit
000366353496547504713882926962995
Other Income
000312659622574162216757767
Interest
00074595330211324322716
Depreciation
000121128140161150145146141169182
Profit before tax
0002021933624183596288769701,5241,565
Net Profit
0001591362443312734756657351,2971,329
EPS in Rs
––––7.2812.9717.5914.1724.6334.4437.9867.0168.70
Dividend Payout %
–––24%24%19%20%25%14%10%9%5%–

Compounded Profit Growth

10 Years:%
5 Years:32%
3 Years:41%
TTM:84%

Compounded Sales Growth

10 Years:%
5 Years:13%
3 Years:7%
TTM:1%

Return on Equity

10 Years:22%
5 Years:22%
3 Years:24%
Last Year:29%

Stock Price CAGR

10 Years:%
5 Years:25%
3 Years:-2%
1 Year:-27%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.110.110.1119191919191919191919
Reserves
-0-0-01,1231,1941,4061,6942,2742,6823,2733,9515,1915,510
Borrowings
00077667951730934638150251315352
Other Liabilities
0009181,0421,0387451,2931,2851,1001,2771,2121,405
Total Liabilities
0002,8362,9342,9802,7663,9324,3674,8945,7616,5766,986
Fixed Assets
0008869189861,0629971,0239951,1131,3261,451
Gross Block
0.000.000.001,003.311,158.441,362.551,594.941,669.281,828.051,926.592,156.412,527.68–
Accumulated Depreciation
0.000.000.00116.88240.33376.78533.28672.18804.92932.081,043.381,201.30–
CWIP
000339069521265697204255171
Investments
0006695725576291,5341,6662,0412,6263,1293,329
Other Assets
0001,2481,3541,3681,0241,2741,6221,7621,8181,8662,035
Total Assets
0002,8362,9342,9802,7663,9324,3674,8945,7616,5766,986

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-0-0-0355356411528664326625594703
Cash from Investing Activity
000337-128-134-218-1,005-290-553-552-217
Cash from Financing Activity
000-683-299-255-249326-4239-102-451
Net Cash Flow
-0-0010-712261-15-6111-5936

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
–––474636375244354544
Inventory Days
–––857870607557474847
Days Payable
–––1051149392167101738272
Cash Conversion Cycle
–––2710146-40091019
Working Capital Days
–––-12-18-11-8-31-8-11-219
ROCE %
-0%-0%-0%28%15%22%23%17%22%28%24%32%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
46.44%46.21%46.13%46.12%45.11%45.11%45.04%44.97%44.11%44.11%44.09%44.09%
FIIs
28.82%28.92%29.41%30.42%28.83%28.33%27.40%28.38%28.25%26.93%26.31%25.45%
DIIs
11.76%11.79%12.25%11.47%14.14%14.81%15.50%14.73%15.04%16.12%16.78%17.71%
Public
12.55%12.64%11.77%11.55%11.48%11.31%11.60%11.48%12.15%12.40%12.35%12.29%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Tube Investments' subsidiary fully acquires TIVOLT Electric Vehicles for Rs. 30 Cr

1st April 2026, 3:57 am

Tube Investments Allots 7,941 Shares Under ESOP 2017

31st March 2026, 6:52 pm

Tube Investments Allots 2.5 Crore CCPS to Subsidiary TI Clean Mobility

31st March 2026, 12:59 am

Tube Investments to Invest ₹250 Cr in Electric Mobility Arm TICMPL

30th March 2026, 5:25 pm

Tube Investments India Announces Trading Window Closure for Financial Results

27th March 2026, 8:56 pm

Published by Other Websites

External media mentions & references

Midcaps Surge 3% on Geopolitical De-escalation Hopes

1st April 2026, 10:25 am

Tube Investments Invests ₹250 Cr in EV Arm TICMPL

30th March 2026, 6:03 pm

Indian Stocks Surge 2% as Geopolitical Fears Ease; SMIDs Lead Rally

24th March 2026, 1:56 pm

Crude Surge, Fed Fears Hit India Auto Stocks, Threaten EVs

19th March 2026, 1:54 pm

Geopolitical Fears Trigger Midday Sell-off; Nifty Plunges 1400 Points

13th March 2026, 3:59 pm

News Articles

Editorial & research coverage

TII Stock Tumbles on Order Delays, New Venture Drag
TII Stock Tumbles on Order Delays, New Venture Drag

5th February 2026, 3:17 pm

Tube Investments: Future Risks Overshadow Q3 Profit Surge
Tube Investments: Future Risks Overshadow Q3 Profit Surge

5th February 2026, 1:24 pm

Indian Markets Hit 3-Week High Amid IT Sector AI Sell-Off
Indian Markets Hit 3-Week High Amid IT Sector AI Sell-Off

4th February 2026, 4:05 pm

Tube Investments: Margin Expansion Fuels Q3 Beat Amidst Mixed Outlook
Tube Investments: Margin Expansion Fuels Q3 Beat Amidst Mixed Outlook

4th February 2026, 2:32 pm

Tube Investments Surges on Revenue Growth, Eyes Q3 Results
Tube Investments Surges on Revenue Growth, Eyes Q3 Results

29th January 2026, 12:52 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Announcement under Regulation 30 (LODR)-Change in Management

31 Dec - Krishna Srinivas retired 31 Dec 2025; Ganesh Gulab Kale appointed Senior Management Personnel effective 1 Jan 2026.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Intimation Under Regulation 30 Read With Regulation 31(A)(8) Of SEBI(LODR) Regulations, 2015 - Receipt Of Request For Re-Classification

18 Dec - Algavista Greentech requested reclassification from promoter group to public; board and stock-exchange approvals required (18 Dec 2025).

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

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Financial Year 2018

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Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

27 Nov 2025 from icra

Rating update

17 Jun 2025 from crisil

Rating update

29 Nov 2024 from icra

Rating update

21 Mar 2024 from crisil

Rating update

30 Nov 2023 from icra

Rating update

23 Oct 2023 from crisil

Concalls

Nov 2025

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Aug 2025

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Oct 2020

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Dec 2019

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Stock Analysis

Description

  1. Tube Investments of India Limited (TII) is a leading Indian manufacturer with core verticals in Engineering, Metal Formed Products, and Bicycles, serving sectors like Automotive, Railway, Construction, Mining, and Agriculture.

Key Growth Triggers

  1. The company is India's largest manufacturer of cold-drawn welded steel tubes and a market leader in transmission chains, with over 35 manufacturing locations.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

31st Mar 26
Impact Rating: 7
Tube Investments' subsidiary, TI Clean Mobility, completed the acquisition of the remaining 5.45% stake in TIVOLT Electric Vehicles for Rs. 30 Cr cash. This move, finalized on March 31, 2026, consolidates TICMPL's control over TIVOLT's electric small commercial vehicle business.
31st Mar 26
Impact Rating: 6
Tube Investments of India has allotted 7,941 equity shares via its ESOP 2017 at exercise prices of Rs. 378.25 and Rs. 1,471.90 per share, boosting outstanding shares.
30th Mar 26
Impact Rating: 7
On March 30, 2026, Tube Investments of India Limited allotted 2.5 crore Series C Compulsorily Convertible Preference Shares to its subsidiary, TI Clean Mobility Private Limited, signalling an incremental investment.
30th Mar 26
Impact Rating: 8
Tube Investments announced an incremental investment of about ₹250 crore in its electric mobility subsidiary, TICMPL, via Compulsorily Convertible Preference Shares to scale up operations.
27th Mar 26
Impact Rating: 6
Trading in Tube Investments of India Limited securities will be closed from April 1, 2026, until 48 hours after the declaration of its audited financial results for the quarter and fiscal year ending March 31, 2026.