Last Updated on: 07 July, 2024|Author: Getaka | Social:
Fundamental Analysis of Tube Investments of India Ltd
Basic Stock Data
Last Updated: July 6, 2024, 11:27 am
Market Cap
81,850 Cr.
Current Price
4,232
High / Low
4,425/2,729
Stock P/E
98.9
Book Value
264
Dividend Yield
0.08 %
ROCE
26.0 %
ROE
18.3 %
Face Value
1.00
PEG Ratio
3.23
Competitors of Tube Investments of India Ltd
Stock Name
Market Cap
Current Price
High / Low
Stock P/E
Book Value
Dividend Yield
ROCE
ROE
Face Value
Industry Average
0 Cr
0
0
0
0%
0%
0%
0
Quarterly Result
Month
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Sales
2,733
2,437
3,263
3,410
3,393
3,776
3,767
3,643
3,778
3,898
4,306
4,197
4,490
Expenses
2,456
2,157
2,883
2,969
3,042
3,379
3,256
3,174
3,288
3,431
3,744
3,728
4,039
Operating Profit
277
281
380
441
351
397
511
469
489
467
562
469
451
OPM %
10%
12%
12%
13%
10%
11%
14%
13%
13%
12%
13%
11%
10%
Other Income
12
25
26
46
37
29
7
95
188
42
59
609
77
Interest
25
24
21
22
20
9
12
11
11
11
13
13
15
Depreciation
97
97
91
91
76
85
92
95
124
109
118
122
119
Profit before tax
166
185
294
374
292
332
414
460
542
389
490
943
395
Tax %
14%
27%
21%
-4%
23%
26%
33%
29%
12%
27%
30%
13%
31%
Net Profit
143
135
232
390
225
247
277
324
477
284
341
825
271
EPS in Rs
7.01
6.22
9.65
14.46
9.27
10.08
11.08
12.19
16.14
11.12
13.62
27.50
9.80
Last Updated: June 9, 2024, 5:12 pm
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: June 25, 2024, 9:13 pm
Month
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Sales
0
4,479
5,000
5,773
4,750
6,083
12,447
14,965
16,890
Expenses
0
4,073
4,626
5,240
4,169
5,442
10,997
13,081
14,942
Operating Profit
0
406
374
533
582
641
1,450
1,883
1,949
OPM %
9%
7%
9%
12%
11%
12%
13%
12%
Other Income
0
41
55
62
40
70
147
318
787
Interest
0
77
62
56
34
47
99
58
52
Depreciation
0
149
154
162
185
251
347
396
465
Profit before tax
0
221
214
378
403
412
1,152
1,748
2,218
Tax %
21%
27%
34%
22%
26%
14%
24%
22%
Net Profit
0
174
156
251
313
305
991
1,325
1,723
EPS in Rs
7.86
12.81
16.31
14.85
39.85
49.48
62.08
Dividend Payout %
0%
17%
20%
21%
24%
9%
7%
6%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
2023-2024
YoY Net Profit Growth (%)
-10.34%
60.90%
24.70%
-2.56%
224.92%
33.70%
30.04%
Change in YoY Net Profit Growth (%)
0.00%
71.24%
-36.20%
-27.26%
227.47%
-191.21%
-3.67%
Growth
Compounded Sales Growth
10 Years:
%
5 Years:
24%
3 Years:
41%
TTM:
13%
Compounded Profit Growth
10 Years:
%
5 Years:
28%
3 Years:
43%
TTM:
-13%
Stock Price CAGR
10 Years:
%
5 Years:
60%
3 Years:
52%
1 Year:
30%
Return on Equity
10 Years:
%
5 Years:
22%
3 Years:
24%
Last Year:
18%
Last Updated: June 28, 2024, 5:45 pm
Balance Sheet
Month
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Sep 2023
Equity Capital
0
19
19
19
19
19
19
19
19
Reserves
-0
1,169
1,254
1,457
1,715
2,293
3,052
3,931
4,405
Borrowings
0
851
776
611
414
1,972
871
726
821
Other Liabilities
0
1,097
1,263
1,263
932
4,349
4,932
5,543
7,039
Total Liabilities
0
3,135
3,312
3,349
3,080
8,634
8,874
10,220
12,284
Fixed Assets
0
1,306
1,358
1,429
1,515
3,426
3,324
3,593
4,278
CWIP
0
34
90
69
58
152
128
191
209
Investments
0
202
134
132
186
369
542
729
1,630
Other Assets
0
1,593
1,730
1,719
1,321
4,687
4,880
5,707
6,168
Total Assets
0
3,135
3,312
3,349
3,080
8,634
8,874
10,220
12,284
Reserves and Borrowings Chart
Tube Investments of India Ltd Cash Flow
Month
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Cash from Operating Activity
-0
383
409
493
596
257
896
1,386
Cash from Investing Activity
0
316
-181
-196
-246
-80
-79
-850
Cash from Financing Activity
0
-685
-291
-280
-284
304
-921
-75
Net Cash Flow
0
14
-63
17
66
481
-104
461
Free Cash Flow
Month
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Free Cash Flow
0.00
-445.00
-402.00
-78.00
168.00
640.00
-870.00
-725.00
-895.00
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.
Undervalued: 12.99% compared to the current price 4232
Intrinsic Value: 6,247.38
Calculation basis:
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.
This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.
Undervalued: 47.62% compared to the current price ₹4232
Last 5 Year EPS CAGR: 30.65%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The stock has a high average ROCE of 18.88%, which is a positive sign.
The stock has a low average Working Capital Days of 7.88, which is a positive sign.
The company has higher reserves (2,201.11 cr) compared to borrowings (790.78 cr), indicating strong financial stability.
The company has shown consistent growth in sales (7.33 cr) and profit (181.33 cr) over the years.
The stock has a high average Cash Conversion Cycle of 13.38, which may not be favorable.
Stock Analysis
Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Tube Investments of India Ltd:
Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
ROE%: 24.18% (Industry Average ROE: 0%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
✗ Stock P/E: 98.9 (Industry average Stock P/E: 0)
Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
Total Debt / Equity: 0.15
Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions. Stock Rating:★★★★☆
About the Company
Tube Investments of India Ltd. is a Public Limited Listed company incorporated on 06/10/2008 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L35100TN2008PLC069496 and registration number is 069496. Currently Company is involved in the business activities of Casting of iron and steel. Company’s Total Operating Revenue is Rs. 6359.33 Cr. and Equity Capital is Rs. 19.29 Cr. for the Year ended 31/03/2022.
INDUSTRY
ADDRESS
CONTACT
Cycles & Accessories
Dare House, 234 NSC Bose Road, Chennai (Madras) Tamil Nadu 600001
Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Tube Investments of India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
