Tube Investments of India Ltd - Stock Valuation and Financial Performance

BSE: 540762 | NSE: TIINDIA | Cycles | Mid Cap

Tube Investments Share Price

2,685.35 -52.35 -1.91%
as on 12-Feb'25 16:59

DeciZen - make an informed investing decision on Tube Investments

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Tube Investments of India stock performance -

P/E Ratio (CD):
63.74
Market Cap:
51,955.3 Cr.
52-wk low:
2,718.3
52-wk high:
4,807.1

Is Tube Investments of India Ltd an attractive stock to invest in?

1. Is Tube Investments of India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tube Investments of India Ltd is a good quality company.

2. Is Tube Investments of India Ltd undervalued or overvalued?

The key valuation ratios of Tube Investments of India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Tube Investments of India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tube Investments of India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Tube Investments:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tube Investments of India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%29.3%13.5%21%20.8%13.2%30.3%38.8%33.7%-
Value Creation
Index
NANA1.6-00.60.50.21.72.52.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 004,4935,0005,7734,7506,08312,44714,96416,89018,243
Sales YoY Gr.-NANA11.3%15.5%-17.7%28.1%104.6%20.2%12.9%-
Adj EPS 000.87.312.416.41438.540.233.842.1
YoY Gr.-NANA784.3%68.3%33.1%-14.7%174.3%4.6%-16.1%-
BVPS (₹) 00.56.367.678.291.8119.5158.8203.8262.8290.3
Adj Net
Profit
00156138232309270742777653815
Cash Flow from Ops. 003834094935962578961,386675-
Debt/CF from Ops. 002.21.91.20.67.50.90.51.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA24%40.6%12.9%
Adj EPS NA22.3%34%-16.1%
BVPSNA27.4%30.1%28.9%
Share Price - 39.8% 16.5% -23.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0026.211.216.919.313.427.622.114.415.2
Op. Profit
Mgn %
0097.79.512.310.511.712.711.710.8
Net Profit
Mgn %
003.62.94.26.74.67.87.774.5
Debt to
Equity
000.70.60.40.20.80.30.20.2-
Working Cap
Days
00591151041111311019810683
Cash Conv.
Cycle
001630252314152335

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 40.55%

Net Profit is growing at healthy rate in last 3 years 34.02%

Sales growth is good in last 4 quarters at 16.69%

Return on Equity has declined versus last 3 years average to 15.20%

Latest Financials - Tube Investments of India Ltd.

Standalone Consolidated
TTM EPS (₹) 37.8 42.1
TTM Sales (₹ Cr.) 7,427 18,243
BVPS (₹.) 228.6 290.3
Reserves (₹ Cr.) 4,403 5,597
P/BV 11.75 9.25
PE 71.08 63.74
From the Market
52 Week Low / High (₹) 2718.30 / 4807.05
All Time Low / High (₹) 211.00 / 4807.05
Market Cap (₹ Cr.) 51,955
Equity (₹ Cr.) 19.4
Face Value (₹) 1
Industry PE 69.8

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 4,345 18.84,434 17.74,783 14.74,682 15.5
Adj EPS (₹) 10 18.911.7 3.410.7 -24.810 N/A
Op. Profit Mgn % 10.39 -307 bps11.92 -48 bps10.25 -323 bps10.48 -109 bps
Net Profit Mgn % 6.14 -263 bps6.85 -51 bps6.08 -217 bps5.82 -78 bps

Management X-Ray of Tube Investments:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:44.11%Institutions:43.73%Non-Institutions:12.16%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%
Pledged *0.110.110.030.030.010.010.010.010.010.01
* Pledged shares as % of Promoter's holding (%)

Valuation of Tube Investments

MRP
spaceLock icon
MOS
spaceLock icon%
DP
spaceLock icon
Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Tube Investments

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Tube Investments 2,685.4 -52.4 (-1.9%) Mid Cap 16,890 42.1 7 63.7 9.3

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales04,4935,0005,7734,7506,08312,44714,96416,890
Operating Expenses 04,0874,6135,2264,1695,44310,99513,06214,921
Manufacturing Costs05666096395266029381,1171,210
Material Costs02,6352,9983,5332,7043,6428,2889,83011,007
Employee Cost 05135636055877111,0331,2051,493
Other Costs 03734434473514887379101,211
Operating Profit 04063875475826411,4521,9021,970
Operating Profit Margin (%) -9.0%7.7%9.5%12.2%10.5%11.7%12.7%11.7%
Other Income 04859546268104144252
Interest 07762563452995873
Depreciation 0149154162185251347396465
Exceptional Items 00-33-22-422080
Profit Before Tax 02212143784033651,1281,5811,683
Tax 047581279079161423496
Profit After Tax 01741562513132869681,1581,187
PAT Margin (%) -3.9%3.1%4.3%6.6%4.7%7.8%7.7%7.0%
Adjusted EPS (₹)0.00.97.912.816.314.339.949.562.1
Dividend Payout Ratio (%)0%22%22%20%21%25%9%7%6%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 01,1881,2671,4671,7252,3033,0643,9365,082
Share Capital 01919191919191919
Reserves 01,1691,2481,4491,7062,2843,0443,9165,063
Minority Interest092100967338365410051645
Debt07265265102691,326706629740
Long Term Debt0378229123169253454449
Short Term Debt0347298388254401361585691
Trade Payables07759629296962,2302,3432,3002,774
Others Liabilities 03554563463181,8961,6012,0832,813
Total Liabilities 03,1353,3123,3493,0808,1408,3689,95313,055

Fixed Assets

Gross Block01,5931,7972,0222,2844,4494,6685,2316,461
Accumulated Depreciation02994526057821,0361,3561,6262,028
Net Fixed Assets01,2941,3461,4171,5033,4133,3133,6054,432
CWIP 034906958152128191381
Investments 02021341321863695427291,370
Inventories07317618155591,1061,3271,3531,788
Trade Receivables06156976485251,2391,7852,1292,733
Cash Equivalents 0243256386175739451,227
Others Assets02352522122121,2447001,0001,125
Total Assets 03,1353,3123,3493,0808,1408,3689,95313,055

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 03834094935962578961,386675
PBT 02292273864033651,1281,5811,683
Adjustment 0190211200199307362382366
Changes in Working Capital 044125116-316-502-343-1090
Tax Paid 0-39-69-118-122-100-115-245-278
Cash Flow From Investing Activity 0-263-190-196-246-345-79-871-1,658
Capex 0-156-227-183-219-145-238-402-823
Net Investments 0-11925-28-34-217-242-334-608
Others 0121116817401-135-227
Cash Flow From Financing Activity 0-685-291-280-284304-921-75645
Net Proceeds from Shares 0003443545
Net Proceeds from Borrowing 0-634-27-259-105145-570-3626
Interest Paid 0-108-62-63-28-34-83-29-52
Dividend Paid 00-78-66-106-42-72-169-162
Others 058-124105-49231-199480808
Net Cash Flow 0-565-721766216-104440-338
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/A29.3612.6718.3519.6314.1936.0633.126.32
ROCE (%)N/A29.2613.4920.9720.8413.1530.338.7733.69
Asset Turnover Ratio03.081.61.771.51.111.521.651.49
PAT to CFO Conversion(x)N/A2.22.621.961.90.90.931.20.57
Working Capital Days
Receivable Days04746424452444752
Inventory Days05553495249353234
Payable Days0107106981101471018684

Tube Investments of India Ltd Stock News

Tube Investments of India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tube Investments on 12-Feb-2025 16:59 is ₹2,685.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Feb-2025 16:59 the market cap of Tube Investments stood at ₹51,955.3.
The latest P/E ratio of Tube Investments as of 12-Feb-2025 16:59 is 71.08.
The latest P/B ratio of Tube Investments as of 12-Feb-2025 16:59 is 11.75.
The 52-week high of Tube Investments is ₹4,807.1 and the 52-week low is ₹2,718.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tube Investments is ₹7,427 ( Cr.) .

About Tube Investments of India Ltd

Tube Investments of India Ltd. (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. The company is a flagship Company of the renowned Murugappa Group, India’s leading business conglomerate.

Business area of the company

Tube Investments of India manufactures fabricated metal products. The Company specializes in cycles, steel tubes, strips, chains, and metal formed items. Tube Investments of India serves customers in India.

Business Divisions

  • Cycles & Components: TI Cycles of India
  • Engineering: Tube Products of India
  • Metal formed products: TI Metal Forming and TIDC India

Awards & Accolades

2016-17

  • Fine Blanking Quality Award from Autoliv.
  • Best Strategic Supplier Award from Showa Japan.
  • Supplier Quality Excellence Award from Caterpillar.
  • Quality Circle Award from Wipro.
  • Supplier Performance Award from Sona Koyo.
  • Award for Make in India - Localisation of Components from Spicer.
  • Fine Blanking Quality Award from Bajaj Auto.
  • Best Exports Performance Award from EEPC.

2019-20

  • Strategic Global Supplier Award’ by Showa for 4th consecutive year.
  • ‘Star Performer Award’ from EEPC for the 5th consecutive year.
  • Award from ‘Toyotetsu India Pvt. Ltd.’ (TTIA) formerly known as STTI for consistent Quality and Delivery.
  • Award from Toyota Kirloskar Auto Parts Pvt. Ltd for Quality, Delivery and VA.
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