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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tube Investments of India Ltd

About the Company - Tube Investments of India Ltd

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.
INDUSTRYADDRESSCONTACT
Cycles & AccessoriesDare House, 234 NSC Bose Road, Chennai (Madras) Tamil Nadu 600001investorservices@tii.murugappa.com
http://www.tiindia.com
Management
NamePosition Held
Mr. M A M ArunachalamExecutive Chairman
Mr. Vellayan SubbiahExecutive Vice Chairman
Mr. Mukesh AhujaManaging Director
Mr. K R SrinivasanPresident & Wholetime Director
Mr. Anand KumarNon Executive Director
Mr. Sanjay JohriNon Executive Director
Ms. Sasikala VaradachariNon Executive Director
Mr. Tejpreet Singh ChopraNon Executive Director

Tube Investments of India Ltd. Share Price Update

Share PriceValue
Today₹3,451.30
Previous Day₹3,505.30

Basic Stock Data of Tube Investments of India Ltd

Market Cap 70,294 Cr.
Current Price 3,635
High / Low4,125/2,422
Stock P/E80.2
Book Value 229
Dividend Yield0.09 %
ROCE31.6 %
ROE27.0 %
Face Value 1.00

Data Source: screener.in

Competitors of Tube Investments of India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Tube Investments of India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,7002,7332,4373,2633,4103,3933,7763,7673,6433,7783,8984,3064,197
Expenses1,4802,4562,1572,8832,9693,0423,3793,2563,1743,2873,4313,7443,728
Operating Profit221277281380441351397511469491467562469
OPM %13%10%12%12%13%10%11%14%13%13%12%13%11%
Other Income51225264637297951874259609
Interest1425242122209121111111313
Depreciation649797919176859295124109118123
Profit before tax148166185294374292332414460542389490941
Tax %27%14%27%21%-4%23%26%33%29%12%27%30%12%
Net Profit107143135232390225247277324477284341824
EPS in Rs5.447.016.229.6514.469.2710.0811.0812.1916.1511.1213.6227.46

Tube Investments of India Ltd Quarterly Chart

Tube Investments of India Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales04,4795,0005,7734,7506,08312,44714,96516,178
Expenses04,0734,6265,2404,1695,44310,99713,08114,190
Operating Profit04063745335826411,4501,8831,988
OPM %9%7%9%12%11%12%13%12%
Other Income04155624026147318897
Interest07762563452995849
Depreciation0149154162185251347396475
Profit before tax02212143784033651,1521,7482,362
Tax %21%27%34%22%22%14%24%
Net Profit01741562513132869911,3251,926
EPS in Rs7.8612.8116.3114.2839.8549.4868.35
Dividend Payout %0%17%20%21%25%9%7%

Tube Investments of India Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-10.34%60.90%24.70%-8.63%246.50%33.70%
Change in YoY Net Profit Growth (%)0.00%71.24%-36.20%-33.33%255.13%-212.80%

Tube Investments of India Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:25%
3 Years:47%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:45%
3 Years:44%
TTM:9%
Stock Price CAGR
10 Years:%
5 Years:60%
3 Years:53%
1 Year:50%
Return on Equity
10 Years:%
5 Years:23%
3 Years:24%
Last Year:27%

Tube Investments of India Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital01919191919191919
Reserves-01,1691,2541,4571,7152,2933,0523,9314,405
Borrowings08517766114141,972871726821
Other Liabilities01,0971,2631,2639324,3494,9325,5437,039
Total Liabilities03,1353,3123,3493,0808,6348,87410,22012,284
Fixed Assets01,3061,3581,4291,5153,4263,3243,5934,278
CWIP034906958152128191209
Investments02021341321863695427291,630
Other Assets01,5931,7301,7191,3214,6874,8805,7076,168
Total Assets03,1353,3123,3493,0808,6348,87410,22012,284

Tube Investments of India Ltd Reserves and Borrowings Chart

Tube Investments of India Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -03834094935962578961,386
Cash from Investing Activity 0316-181-196-246-80-79-850
Cash from Financing Activity 0-685-291-280-284304-921-75
Net Cash Flow014-631766481-104461

Tube Investments of India Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days50514140745252
Inventory Days1019384751115850
Days Payable107117969422410386
Cash Conversion Cycle44262922-38816
Working Capital Days33182118-28-1718
ROCE %26%13%20%21%13%26%32%

Tube Investments of India Ltd Financial Efficiency Indicators Chart

Tube Investments of India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters46.66%46.66%46.49%46.48%46.46%46.45%46.45%46.44%46.21%46.13%46.12%45.11%
FIIs25.45%25.82%25.21%26.09%26.06%25.90%26.30%28.82%28.92%29.41%30.42%28.83%
DIIs15.02%14.82%15.68%14.95%14.34%14.70%14.06%11.76%11.79%12.25%11.47%14.14%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.45%0.45%0.45%0.45%0.45%0.45%
Public12.87%12.70%12.61%12.48%13.13%12.95%12.74%12.55%12.64%11.77%11.55%11.48%
No. of Shareholders31,43538,77140,45649,19058,98054,97277,07191,12283,88975,34376,47279,168

Tube Investments of India Ltd Shareholding Pattern Chart

No. of Tube Investments of India Ltd Shareholders

Tube Investments of India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund32675592.641157.26
Motilal Oswal Flexi Cap Fund20250008.06717.18
Axis ELSS Tax Saver Fund18165161.88643.35
Motilal Oswal Midcap Fund15135297.23536.04
SBI Magnum Midcap Fund14000003.21495.83
SBI Blue Chip Fund12353811.01437.53
Sundaram Mid Cap Fund9144993.28323.88
Sundaram Mid Cap Fund - Institutional Plan9144993.28323.88
PGIM India Midcap Opportunities Fund7884212.78279.23
Nippon India Growth Fund7345141.11260.14

Tube Investments of India Ltd ROCE Trend

Tube Investments of India Ltd EPS Trend

Tube Investments of India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)49.5039.8915.1316.3112.86
Diluted EPS (Rs.)49.4039.8915.1016.2812.85
Cash EPS (Rs.)90.1369.6328.8426.5322.44
Book Value[Excl.RevalReserv]/Share (Rs.)256.63193.12130.0796.1383.73
Book Value[Incl.RevalReserv]/Share (Rs.)256.63193.12130.0796.1383.73
Revenue From Operations / Share (Rs.)774.97649.32315.52252.81307.66
PBDIT / Share (Rs.)105.1779.9638.7134.1031.85
PBIT / Share (Rs.)84.6761.8525.6724.2423.25
PBT / Share (Rs.)82.8959.8821.3821.4620.59
Net Profit / Share (Rs.)69.6351.5315.8016.6713.83
NP After MI And SOA / Share (Rs.)49.4939.8614.8516.3012.81
PBDIT Margin (%)13.5712.3112.2613.4810.35
PBIT Margin (%)10.929.528.139.587.55
PBT Margin (%)10.699.226.778.486.69
Net Profit Margin (%)8.987.935.006.594.49
NP After MI And SOA Margin (%)6.386.134.706.444.16
Return on Networth / Equity (%)24.1825.0313.1817.6616.29
Return on Capital Employeed (%)29.3828.5614.0624.2625.06
Return On Assets (%)9.328.643.169.917.10
Long Term Debt / Equity (X)0.010.110.420.010.08
Total Debt / Equity (X)0.150.260.610.150.34
Asset Turnover Ratio (%)1.050.941.211.391.66
Current Ratio (X)1.270.970.811.121.07
Quick Ratio (X)0.980.690.610.660.57
Inventory Turnover Ratio (X)4.504.514.563.744.54
Dividend Payout Ratio (NP) (%)7.078.780.0026.0517.56
Dividend Payout Ratio (CP) (%)4.996.030.0016.2310.50
Earning Retention Ratio (%)92.9391.220.0073.9582.44
Cash Earning Retention Ratio (%)95.0193.970.0083.7789.50
Interest Coverage Ratio (X)47.8326.4718.2521.1011.32
Interest Coverage Ratio (Post Tax) (X)28.5517.729.4712.045.86
Enterprise Value (Cr.)49805.0532137.0124060.645456.427720.09
EV / Net Operating Revenue (X)3.332.573.961.151.34
EV / EBITDA (X)24.5220.8432.248.5112.91
MarketCap / Net Operating Revenue (X)3.282.503.781.081.24
Retention Ratios (%)92.9291.210.0073.9482.43
Price / BV (X)12.4310.1810.582.974.86
Price / Net Operating Revenue (X)3.282.503.781.081.24
EarningsYield0.010.020.010.050.03

Tube Investments of India Ltd Profitability Ratios (%)

Tube Investments of India Ltd Liquidity Ratios

Tube Investments of India Ltd Liquidity Ratios (%)

Tube Investments of India Ltd Interest Coverage Ratios (X)

Tube Investments of India Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tube Investments of India Ltd

Fair Value: ₹4963.23

The stock is undervalued by 36.54% compared to the current price ₹3635

*Investments are subject to market risks

Strength and Weakness of Tube Investments of India Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 18.88%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 7.88, which is a positive sign.
  3. The company has higher reserves (2,141.78 cr) compared to borrowings (782.44 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (7.33 cr) and profit (176.11 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 43.94 and average Dividend Yield of 9.14%.
  2. The stock has a high average Cash Conversion Cycle of 13.38, which may not be favorable.

Should I Buy Tube Investments of India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Tube Investments of India Ltd:
    1. Net Profit Margin: 8.98%
      • 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.
    2. ROCE: 29.38% (Industry Average ROCE: 0%)
      • 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.
    3. Interest Coverage Ratio (Post Tax): 28.55
      • 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.
    4. Quick Ratio: 0.98
      • 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.
    5. ✗ Stock P/E: 80.7 (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.
    6. ✓ 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

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