Tube Investments Of India Limited (TIINDIA)

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Tube Investments Of India Limited (TIINDIA) · mywealthgrid

About

Tube Investments manufactures auto components in Consumer Discretionary, group structure generating consolidated quarterly revenue ₹6.2 Cr. Modest profitability (ROE 9.59%, OPM 9%) at ₹52,920 Cr market cap implies PE 87.25—significant valuation premium to current earnings.

Face value: ₹1

Market cap

₹45,302 Cr

P/E

74.7×

P/B

5.8×

Dividend yield

0.1%

ROE

9.6%

ROCE

15.4%

Debt / equity

0.05

OPM

9.9%

EPS (TTM)

₹31.3

Book value

₹400.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE 87.25 vs ROE 9.59% leaves minimal margin for earnings disappointment
Standalone OPM declining (14.38% Dec 2025 → 10.39% Jun 2026), margin compression as revenue grows
Consolidated OPM (8.82–10%) well below standalone 10.39%, group operations erode profitability
Auto components cyclical; verify current auto production trends and company segment exposure (CV, PV, two-wheeler)

Generated analysis · source review pending

Growth drivers

Standalone revenue +12% over two quarters (Sep 2025: ₹2.1 Cr → Jun 2026: ₹2.4 Cr); verify if new platforms or customers sustain trajectory
Debt capacity (D/E 0.05) enables growth capex or M&A; verify capital allocation priorities
Group contributes ₹3.8+ Cr quarterly revenue (₹6.2 Cr consolidated minus ₹2.4 Cr standalone); verify growth rates and margins in group units
Sector demand drivers to verify: EV component ramps, new OEM contracts, export penetration

Generated analysis · source review pending

2,198 historical price candles were omitted because the exchange source has not been verified.

₹2,340.0-3%1Y

Quick read

rule-based

Pros

+Profit CAGR of 17.3% over the last 5 years
+Revenue CAGR of 30.3% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 32×

Cons

−Expensive at 74.7× trailing earnings
−Low dividend payout of 11.2% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

39/100

Business quality: 53
Growth: 35
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 50 NIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,116	5,116	5,775	4,750	6,083	12,525	14,965	16,890	19,465	22,847
COGS	2,998	2,998	3,533	2,704	3,642	8,322	9,830	11,007	12,783	14,975
Gross profit	2,118	2,118	2,241	2,047	2,441	4,203	5,134	5,884	6,681	7,873
	1,724	1,724	1,706	1,468	1,806	2,772	3,266	3,935	4,832	5,615
	395	395	536	579	635	1,431	1,868	1,949	1,849	2,258
OPM %	7.7%	7.7%	9.3%	12.2%	10.4%	11.4%	12.5%	11.5%	9.5%	9.9%
Depreciation	154	154	162	185	251	349	396	465	492	664
Interest	58	58	53	30	41	58	42	52	63	62
	31	31	56	40	70	128	318	787	360	321
Profit before tax	214	214	378	403	412	1,152	1,748	2,218	1,653	1,852
Tax	58	58	127	90	108	161	423	496	599	734
Tax %	27.3%	27.3%	33.6%	22.3%	26.1%	14%	24.2%	22.4%	36.2%	39.6%
	156	156	251	313	305	991	1,325	1,723	1,054	1,118
PAT margin %	3%	3%	4.3%	6.6%	5%	7.9%	8.9%	10.2%	5.4%	4.9%
EPS (₹)	7.9	7.9	12.9	16.3	15.1	39.9	58.1	62.1	34.8	32.9
EPS adjusted (₹)	7.9	7.9	12.8	16.3	14.9	39.9	49.5	62.1	34.8	32.9
	0%	22.3%	19.4%	21.5%	23.1%	8.8%	6%	5.6%	10%	10.6%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	19	19	19	19	19	19	19	19	19	19
Reserves	1,169	1,254	—	1,715	2,293	3,052	3,931	5,080	5,516	7,732
Minority interest	92	100	—	73	383	654	1,005	1,645	2,157	6,451
	726	526	—	269	1,915	804	629	740	443	392
	1,175	1,412	—	1,015	4,025	4,352	4,667	5,695	7,829	6,893
Total equity & liabilities	3,179	3,312	—	3,091	8,636	8,881	10,252	13,179	15,964	21,487
	988	1,037	1,417	1,503	3,413	3,313	3,581	4,405	5,198	6,221
CWIP	34	90	—	58	138	117	178	348	733	806
Investments	202	125	—	198	381	554	741	1,382	943	1,035
	1,956	2,059	—	1,332	4,703	4,898	5,752	7,045	9,091	13,425
Total assets	3,179	3,312	—	3,091	8,636	8,881	10,252	13,179	15,964	21,487

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Industrial Systems	6,747.04	596.25	3,504.86	1,606.3	1,898.56	31.41
Engineering	5,612.28	689.12

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	38.8%	43.1%	40.1%	33.6%	34.3%	34.8%	34.3%	34.5%
EBITDA margin %	9.4%	12.2%	10.4%	11.5%	12.6%	11.5%	9.5%	9.9%
EBIT margin %	6.6%	8.3%	6.3%	8.7%	10%	8.8%	7%	7%
PAT margin %	4.3%	6.6%	5%	7.9%	8.9%	10.2%	5.4%	4.9%
Working capital
Receivable days	—	40	74	52	52	59	62	70
Inventory days	—	75	111	58	50	59	63	70
Payable days	—	94	224	103	86	92	89	98
NWC days	—	22	-38	7	16	26	36	41
Leverage
Current ratio	—	1.12	0.81	0.98	1.45	1.63	1.81	1.87
Debt to EBITDA	—	0.47	3.02	0.56	0.33	0.38	0.24	0.17
Debt to equity	—	0.16	0.83	0.26	0.16	0.15	0.08	0.05
Interest coverage	8.3	15	12.1	20.5	38.5	33.2	27.2	32
Asset turnover	—	1.54	0.7	1.41	1.46	1.28	1.22	1.06
Return ratios
Return on assets %	—	10.1%	3.5%	11.2%	12.9%	13.1%	6.6%	5.2%
Return on capital employed %	—	24.3%	17.7%	30.2%	31.3%	23.8%	18%	15.4%
Return on equity %	—	18.1%	13.2%	32.3%	33.5%	33.8%	19%	14.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46.11%	45.1%	45.1%	45.04%	44.97%	44.11%	44.1%	44.09%	44.09%	44.05%	44.04%	43.93%
	30.42%	28.83%	28.32%	27.41%	28.39%	28.24%	26.93%	26.31%	25.44%	23.15%	21.42%	22.34%
	11.48%	14.14%	14.81%	15.5%	14.72%	15.04%	16.11%	16.79%	17.71%	19.67%	21.75%	21.02%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0.45%	0.45%	0.45%	0.45%
	11.99%	11.93%	11.77%	12.05%	11.92%	12.61%	12.86%	12.81%	12.31%	12.68%	12.34%	12.26%
No. of shareholders	—	—	—	—	—	—	—	—	1,04,102	1,08,615	1,06,178	1,00,623

Promoter holding down 2.18 percentage points since Sep 2023.

33 deals · 28 Sept 2021 – 6 Aug 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Aug 2025	MOTILAL OSWAL MUTUAL FUND	Bulk	NSE	Buy	10,70,000	₹2,919.02	₹312.34 Cr
7 Dec 2023	MOTILAL OSWAL MUTUAL FUND	Bulk	NSE	Buy	10,00,000	₹3,348.09	₹334.81 Cr
29 Sept 2023	SBI MUTUAL FUND	Bulk	BSE	Buy	12,04,746	₹2,900.00	₹349.38 Cr
29 Sept 2023	AMBADI ENTERPRISES LTD	Bulk	BSE	Sell	10,58,200	₹2,904.60	₹307.36 Cr
17 Jul 2023	THE RBOS PLC AS DEP OF FIRST ST GE MT FDA SFD OF FIST IN ICVC	Block	NSE	Sell	78,655	₹3,287.25	₹25.86 Cr
17 Jul 2023	THE RBOS PLC AS DEP OF FIRST ST GEM SUS FDA SF OF FIST INICVC	Block	NSE	Buy	78,655	₹3,287.25	₹25.86 Cr
30 Nov 2022	INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD.	Bulk	NSE	Sell	17,35,111	₹2,766.83	₹480.08 Cr
14 Nov 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	NSE	Sell	1,46,554	₹2,573.15	₹37.71 Cr
14 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	1,46,554	₹2,573.15	₹37.71 Cr
3 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	1,46,554	₹2,843.45	₹41.67 Cr

1–10 of 33

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Mr. Murugappan Arunanachalammurugappan ArunachalamExecutive Director-Chairperson related to Promoter
Mr. Vellayan SubbiahNon-Executive Vice-Chairperson
Mr. Subbiah VellayanNon-Executive - Non Independent Director
Mr. Mukesh AhujaExecutive Director-MD
Mr. Anand KumarNon-Executive - Independent Director
Mr. Tejpreet Singh ChopraNon-Executive - Independent Director
Mr. Vadalur Subramanian RadhakrishnanNon-Executive - Independent Director
Ms. Shelina Pranav ParikhNon-Executive - Independent Director
Mr. AN MeyyappanChief Financial Officer
Ms. S KrithikaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹2,375.0 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹2,400.5	-42.9	-1.8%	₹2,400.5	12,537	+425	1,331	200
23 Nov 2026	₹2,409.3	-43.1	-1.8%	₹2,409.3	253	+18	54	200
29 Dec 2026	₹2,421.0	-27.9	-1.1%	₹2,421.0	4	+4	4	200

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 15 fund houses

Held by these funds

9.33%

of the company's equity

All mutual funds

14.15%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

86 schemes · 15 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	41.1 L	1,142.69	2.67%	2.123%	-0
Growth Mid Cap FundNEW	Nippon India Mutual Fund	26.7 L	742.26	1.42%	1.379%	—
SMALL CAP FUND	Nippon India Mutual Fund	24.99 L	694.78	0.84%	1.291%	-0
Mid Cap Fund	DSP Mutual Fund	12.91 L	358.82	1.71%	0.667%	-0
Franklin India Flexi Cap Fund ( Formerly known as Franklin India Equity Fund) ^NEW	Franklin Templeton Mutual Fund	10.24 L	284.56	1.47%	0.529%	—
Focused Fund	Nippon India Mutual Fund	7.59 L	210.93	2.44%	0.392%	+70,000
Franklin India Mid Cap Fund (Formerly known as Franklin India Prima Fund) ^	Franklin Templeton Mutual Fund	7.16 L	199.07	1.53%	0.37%	-1.2 L
Large & Mid Cap Fund	DSP Mutual Fund	6.94 L	192.96	1.05%	0.359%	-0

1–8 of 86

1 / 11

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

6 announcementsExport CSV

29 Sept 2026, 4:12 pmCompany Update

Incremental Investment In TI Clean Mobility Private Limited, A Subsidiary Company

General PDF

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	38.8%	43.1%	40.1%	33.6%	34.3%	34.8%	34.3%	34.5%
EBITDA margin %	9.4%	12.2%	10.4%	11.5%	12.6%	11.5%	9.5%	9.9%
EBIT margin %	6.6%	8.3%	6.3%	8.7%	10%	8.8%	7%	7%
PAT margin %	4.3%	6.6%	5%	7.9%	8.9%	10.2%	5.4%	4.9%
Working capital
Receivable days	—	40	74	52	52	59	62	70
Inventory days	—	75	111	58	50	59	63	70
Payable days	—	94	224	103	86	92	89	98
NWC days	—	22	-38	7	16	26	36	41
Leverage
Current ratio	—	1.12	0.81	0.98	1.45	1.63	1.81	1.87
Debt to EBITDA	—	0.47	3.02	0.56	0.33	0.38	0.24	0.17
Debt to equity	—	0.16	0.83	0.26	0.16	0.15	0.08	0.05
Interest coverage	8.3	15	12.1	20.5	38.5	33.2	27.2	32
Asset turnover	—	1.54	0.7	1.41	1.46	1.28	1.22	1.06
Return ratios
Return on assets %	—	10.1%	3.5%	11.2%	12.9%	13.1%	6.6%	5.2%
Return on capital employed %	—	24.3%	17.7%	30.2%	31.3%	23.8%	18%	15.4%
Return on equity %	—	18.1%	13.2%	32.3%	33.5%	33.8%	19%	14.4%

26

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	2,000	₹9.7	0	0	1
0	0	0	₹0.0	2,100	₹6.2	23	+12	12
0	0	0	₹0.0	2,150	₹0.0	0	0	0
0	0	0	₹0.0	2,200	₹17.1	82	+26	45
0	0	0	₹0.0	2,250	₹24.2	18	+6	6
1	+1	1	₹139.0	2,300	₹35.9	117	+20	99
53	+48	62	₹111.7	2,350	₹53.6	13	+2	7
132	+99	309	₹82.0	2,400	₹78.3	557	+79	161

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Date	Category	Subject	Filing
29 Sept 2026, 4:12 pm	Company Update General	Incremental Investment In TI Clean Mobility Private Limited, A Subsidiary Company	PDF
28 Sept 2026, 6:32 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
18 Sept 2026, 3:05 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
18 Sept 2026, 3:03 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
16 Sept 2026, 10:42 am	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
3 Sept 2026, 4:19 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	383	409	493	596	412	877	1,386	675	1,213	1,161
	0	-263	-190	-196	-246	0	-79	-871	-1,657	-1,615	-3,953
	0	-685	-291	-280	-284	0	-899	-75	645	522	2,668
Net cash flow	0	-565	-72	17	66	412	-101	440	-336	121	-124
Free cash flow	—	—	—	—	—	412	629	970	-176	0	-272
CFO / Operating profit %	—	93.9%	100.4%	90.6%	103%	64.9%	61.2%	73.4%	34.6%	65.6%	51.4%

Tube Investments Of India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

Announcements

Announcements

3

Annual reports

Credit ratings

Investor Presentation and earnings call

17

1

26

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Cycles and Accessories · revenue

Tube Investments Of India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Futures3

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends17

Board meetings1

Option chain26

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Cycles and Accessories · revenue

3

3

17

1

26