Tube Investments of India Limited is a manufacturing and engineering company that was founded in 1949. It manufactures bicycles, metal-formed products and chains. It is a part of Murugappa Group and is headquartered in Chennai. Murugappa Group comprises 29 businesses, including 10 listed companies traded on both the NSE and BSE.
Tube Investments’ products serve key industries like automotive, railway, construction and agriculture. The acquisition of CG Power and Industrial Solutions Limited, a significant producer of motors, transformers, switch gears and railway parts, marked a substantial leap for the company. This acquisition expanded Tube Investments' scale and scope of its operations.
The market capitalisation of Tube Investments of India Limited is over ₹73,600 crore as of January 9, 2023. Tube Investments share price has gained over 350% in the last three years.
Business operations
The company produces precision steel tubes, strips, car door frames, automotive and industrial chains and bicycles. Its product line includes bicycles marketed under the Hercules, BSA and Philips brands. Tube Investments is a leader in manufacturing precision Welded ERW and CDW steel tubes in India, along with CRCA (cold rolled close annealed) strips, rear axle tubes, side impact beams, tie rods and drag links.
TIDC, a division of the company, is a major manufacturer of power transmission chains for industrial, automotive and agricultural use. The metal forming unit manufactures car door frames, window channels, SS Rail, impact beams, chassis channels and frames for starter motors.
Tube Investments of India Limited is also engaged in electric vehicles (EVs). Venturing into the EV domain, specifically electric three-wheelers, tractors and medium & heavy commercial vehicles marked a pivotal moment for TII. This move transformed the company from being an ancillary and component maker to becoming an original equipment manufacturer (OEM).
The company's business operations are divided into three segments – engineering, metal-formed products and mobility. The engineering business excelled in both the domestic and export markets in FY23, showcasing remarkable performance with its specialised hydraulic cylinders and tubular products catering to both auto and non-auto sectors. The revenue reached ₹4,562 crore.
The metal-formed products division (MFPD) generated a revenue of ₹1,424 crore. However, the mobility business experienced a revenue decline, reaching ₹800 crore.
Tube Investments has a widespread presence across multiple locations. It operates from 25 different plants in India and has established 76 offices, bringing the total number of its establishments to 101. The business presence extends to 17 states within India. It has a global presence in 20 countries.
The company has many subsidiaries. CG Power and Industrial Solutions Limited is a subsidiary in which Tube Investments has a 58.05% stake. Shanthi Gears Limited is another subsidiary in which the company holds a 70.47% stake.
Tube Investments of India Limited employs 3,038 people as of March 31, 2023.
Tube Investments of India Financial Highlights
- Revenue: Tube Investments of India reported revenue of ₹23,234.64 crore in FY26 vs ₹19,835.71 crore in FY25. It showed an increase of 17.14% on a yearly basis.
- Operating Profit: Tube Investments of India reported an operating profit of ₹1,850.53 crore in FY26 vs ₹1,653.20 crore in FY25. It showed an increase of 11.94% on a year-on-year basis.
- Net Profit: Tube Investments of India reported a net profit of ₹1,118.22 crore in FY26 vs ₹1,054.29 crore in FY25. It showed an increase of 6.06% on a yearly basis.
Tube Investments of India Quarterly Result Highlights
- Tube Investments of India reported revenue of ₹6,327.30 crore in Jun 2026, compared with ₹6,331.83 crore in Mar 2026, representing a decrease of 0.07% on a quarter-on-quarter (QoQ) basis.
- Tube Investments of India reported an operating profit of ₹460.78 crore in Jun 2026, compared with ₹497.98 crore in Mar 2026, representing a decrease of 7.47% on a quarter-on-quarter (QoQ) basis.
- Tube Investments of India reported a profit of ₹293.96 crore in Jun 2026, compared with ₹234.01 crore in Mar 2026, reflecting an increase of 25.62% on a QoQ basis.
- The earnings per share (EPS) of Tube Investments of India stood at ₹32.91 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
