1. Tube Investments of India
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60% Buy

Tube Investments of India Share Price

TIINDIA

₹4,087.00-₹66.70 (-1.61%) TodayLast updated on 15 Jul, 2024 | 12:25 PM IST
₹4,063.20₹4,160.75
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Company overview

Financial performance

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Market cap

Market Cap Switch₹80,339 Crs

Open

₹4,160.00

Close

₹4,153.70

Circuit range

₹4,984.40 - ₹3,323.00

Day range

₹4,063.20 - ₹4,160.75

Year range

₹2,758.00 - ₹4,681.70

Volume

1,91,131

Avg. traded

₹4,089.34

Revenue (12m)

₹16,890 Crs

Tube Investments of India

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.

Financial highlights

Tube Investments’ revenue from operations for FY 2023 stood at ₹14,964.73 crore, up by 20.2%, as compared to ₹12,447.43 crore in FY22. The net profit after tax for FY23 was ₹1,325.06 crore compared to ₹991.04 crore during the previous year. The company's earnings per share (EPS) stood at ₹8.63 in FY23 compared to ₹1.21 in FY22.

Tube Investments of India Key indicators

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52 week high

₹4,681.70

52 week low

₹2,758.00

P/E ratio

118.5

P/B ratio

15.79

ROE

20.32%

ROCE

24.44%

Dividend yield

0.08%

Debt/Equity ratio

0.12

EPS

37.98

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Investment checklist: (5/6)

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

60%

Hold

20%

Sell

20%

This analysis is based on the reviews of 5 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

14.79%

Net profit margin

9.51%

ROE

20.32%

ROA

13.8%

ROCE

24.44%

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Tube Investments of India Shareholder returns

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1 day

-2.24%

1 week

-1.85%

1 month

+1.67%

3 months

+17.80%

1 year

+26.54%

3 years

+278.25%

5 years

+926.37%

Tube Investments of India Share Price history

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DayOpenCloseDay’s change
Fri, Jul 12 2024
₹4,248.70
₹4,153.70
-2.24%
Thu, Jul 11 2024
₹4,590.00
₹4,248.70
-6.18%
Wed, Jul 10 2024
₹4,414.80
₹4,528.65
+2.65%
Tue, Jul 9 2024
₹4,339.80
₹4,411.70
+1.90%
Mon, Jul 8 2024
₹4,254.00
₹4,329.25
+2.30%
Fri, Jul 5 2024
₹4,299.90
₹4,231.80
-2.20%
Thu, Jul 4 2024
₹4,209.00
₹4,326.90
+2.99%
Wed, Jul 3 2024
₹4,165.20
₹4,201.35
+2.12%

Shareholding info

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Promoters (45.1%)

Mutual Funds (9.98%)

Retail and other (11.33%)

Foreign institutions-FII (28.32%)

Other domestic institutions (5.27%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹1.5/share

    Ex date 23 Jul 2024

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  • Dividend • ₹2/share

    Ex date 13 Feb 2024

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  • Dividend • ₹1.5/share

    Ex date 26 Jul 2023

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  • Dividend • ₹2/share

    Ex date 15 Feb 2023

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  • Dividend • ₹1.5/share

    Ex date 20 Jul 2022

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  • Dividend • ₹2/share

    Ex date 17 Feb 2022

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