Tube Investments of India Ltd

Tube Investments Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tube Investments of India Ltd

₹ 3,523 -2.38%
21 Nov 4:00 p.m.
tiindia.com BSE: 540762 NSE: TIINDIA
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

Business Segments FY24
1) Industrial Systems (31%): Manufactures Electric Motors, Alternators, Drives, Traction, Electronic & SCADA, etc. for industries such as power, transmission, oil and gas, cement, metals & mining, and railways transportation. [1]

Website BSE NSE
  • Market Cap ₹ 68,144 Cr.
  • Current Price ₹ 3,523
  • High / Low ₹ 4,811 / 3,259
  • Stock P/E 84.9
  • Book Value ₹ 276
  • Dividend Yield 0.10 %
  • ROCE 26.3 %
  • ROE 26.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 38.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%

Cons

  • Stock is trading at 12.9 times its book value
  • Earnings include an other income of Rs.822 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Large

Part of Nifty LargeMidcap 250 Nifty Midcap150 Quality 50 Nifty 200 BSE Consumer Discretionary BSE MidCap Select Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,263 3,410 3,393 3,776 3,767 3,643 3,778 3,898 4,306 4,197 4,490 4,578 4,925
2,883 2,969 3,042 3,379 3,256 3,174 3,288 3,431 3,744 3,728 4,039 4,050 4,434
Operating Profit 380 441 351 397 511 469 489 467 562 469 451 528 490
OPM % 12% 13% 10% 11% 14% 13% 13% 12% 13% 11% 10% 12% 10%
26 46 37 29 7 95 188 42 59 609 77 65 71
Interest 21 22 20 9 12 11 11 11 13 13 15 16 16
Depreciation 91 91 76 85 92 95 124 108 112 122 119 110 119
Profit before tax 294 374 292 332 414 460 542 390 496 943 395 467 426
Tax % 21% -4% 23% 26% 33% 29% 12% 27% 30% 13% 31% 32% 30%
232 390 225 247 277 324 477 284 346 825 271 317 299
EPS in Rs 9.65 14.46 9.27 10.08 11.08 12.19 16.14 11.14 13.77 27.50 9.80 11.73 10.69
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 4,479 5,000 5,773 4,750 6,083 12,447 14,964 16,890 18,190
0 4,073 4,626 5,240 4,169 5,442 10,997 13,081 14,921 16,251
Operating Profit 0 406 374 533 582 641 1,450 1,883 1,969 1,938
OPM % 9% 7% 9% 12% 11% 12% 13% 12% 11%
0 41 55 62 40 70 147 319 787 822
Interest 0 77 62 56 34 47 99 58 73 60
Depreciation 0 149 154 162 185 251 347 396 465 469
Profit before tax 0 221 214 378 403 412 1,152 1,748 2,218 2,231
Tax % 21% 27% 34% 22% 26% 14% 24% 22%
0 174 156 251 313 305 991 1,325 1,723 1,712
EPS in Rs 7.86 12.81 16.31 14.85 39.85 49.48 62.08 59.72
Dividend Payout % 0% 17% 20% 21% 24% 9% 7% 6%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 41%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 38%
3 Years: 62%
TTM: -13%
Stock Price CAGR
10 Years: %
5 Years: 52%
3 Years: 28%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 27%
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.11 19 19 19 19 19 19 19 19 19
Reserves -0 1,169 1,254 1,457 1,715 2,152 3,052 3,931 5,080 5,316
0 851 776 611 414 1,972 871 726 896 699
0 1,097 1,263 1,263 932 4,892 4,932 5,583 7,109 8,944
Total Liabilities 0 3,135 3,312 3,349 3,080 9,036 8,874 10,260 13,105 14,978
0 1,306 1,358 1,429 1,515 3,477 3,324 3,588 4,417 4,911
CWIP 0 34 90 69 58 135 128 191 381 437
Investments 0 202 134 132 186 369 542 729 1,370 1,619
0 1,593 1,730 1,719 1,321 5,054 4,880 5,752 6,938 8,010
Total Assets 0 3,135 3,312 3,349 3,080 9,036 8,874 10,260 13,105 14,978

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 383 409 493 596 268 896 1,386 675
0 316 -181 -196 -246 -63 -79 -850 -1,657
0 -685 -291 -280 -284 286 -921 -75 645
Net Cash Flow 0 14 -63 17 66 491 -104 461 -336

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 50 51 41 40 77 52 52 59
Inventory Days 101 93 84 75 111 58 50 59
Days Payable 107 117 96 94 226 103 85 92
Cash Conversion Cycle 44 26 29 22 -38 8 17 26
Working Capital Days 33 18 21 18 -90 -17 15 25
ROCE % 26% 13% 20% 21% 14% 27% 32% 26%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
46.48% 46.46% 46.45% 46.45% 46.44% 46.21% 46.13% 46.12% 45.11% 45.11% 45.04% 44.97%
26.09% 26.06% 25.90% 26.30% 28.82% 28.92% 29.41% 30.42% 28.83% 28.33% 27.40% 28.38%
14.95% 14.34% 14.70% 14.06% 11.76% 11.79% 12.25% 11.47% 14.14% 14.80% 15.49% 14.72%
0.00% 0.00% 0.00% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45%
12.48% 13.13% 12.95% 12.74% 12.55% 12.64% 11.77% 11.55% 11.48% 11.32% 11.61% 11.48%
No. of Shareholders 49,19058,98054,97277,07191,12283,88975,34376,47279,16880,77883,21587,028

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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