Tube Investments of India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,538.01Fairly Valued by 1.59%vs CMP ₹2,579.00

P/E (79.6) × ROE (10.0%) × BV (₹400.00) × DY (0.14%)

₹1,061.56Overvalued by 58.84%vs CMP ₹2,579.00

MoS: -142.9% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹2,412.12	23%	Fair (-6.5%)
Graham Number	Earnings	₹527.35	16%	Over (-79.6%)
Earnings Power	Earnings	₹540.66	11%	Over (-79%)
DCF	Cash Flow	₹492.44	14%	Over (-80.9%)
Net Asset Value	Assets	₹400.48	7%	Over (-84.5%)
EV/EBITDA	Enterprise	₹1,425.52	9%	Over (-44.7%)
Earnings Yield	Earnings	₹309.00	7%	Over (-88%)
ROCE Capital	Returns	₹514.87	7%	Over (-80%)
Revenue Multiple	Revenue	₹1,508.57	5%	Over (-41.5%)
Consensus (9 models)		₹1,061.56	100%	Overvalued

Key Drivers: Wide model spread (₹309–₹2,412) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -5.0%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 3:51 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹19,465.00 Cr, versus ₹16,890.00 Cr in Mar 2024 (15.2% year on year). Net profit for Mar 2025 was ₹1,054.00 Cr, versus ₹1,723.00 Cr in Mar 2024 (-38.8% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹1,185.00 Cr against net profit of ₹1,054.00 Cr. Cash flow covered 1.12 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹754.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Tube Investments of India Ltd scores 62/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health84/100 · Strong

ROCE 17.1% GoodROE 10.0% AverageD/E 0.08 Low debtInterest Coverage 35.0x StrongProfitable 5/5 available years Reported history

Smart Money45/100 · Moderate

FII holding down -3.10% (6mo) SellingDII holding up 3.30% MF buyingPromoter holding at 43.9% Stable

Earnings Quality60/100 · Moderate

CFO/NP ratio: 0.79x Partially cash-backedOPM stable around 11% Steady

Quarterly Momentum50/100 · Moderate

Revenue (4Q): +16% YoY GrowingProfit (4Q): -11% YoY Declining

Industry Rank50/100 · Moderate

P/E 79.6 vs industry 79.6 In-lineROCE 17.1% vs industry 17.1% Average3Y sales CAGR: 16% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 24, 2026, 3:51 am

Market Cap	49,915 Cr.
Current Price	2,579
Intrinsic Value	₹1,061.56
High / Low	3,335/2,165
Stock P/E	79.6
Book Value	400
Dividend Yield	0.14 %
ROCE	17.1 %
ROE	9.95 %
Face Value	1.00
PEG Ratio	-16.05

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Tube Investments of India Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Tube Investments of India Ltd	49,915 Cr.	2,579	3,335/2,165	79.6	400	0.14 %	17.1 %	9.95 %	1.00
Industry Average	49,915.00 Cr	2,579.00		79.60	400.00	0.14%	17.10%	9.95%	1.00

All Competitor Stocks of Tube Investments of India Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	3,643	3,778	3,898	4,306	4,197	4,490	4,578	4,925	4,812	5,150	5,309	5,523	5,801
Expenses	3,174	3,288	3,431	3,744	3,728	4,039	4,047	4,434	4,321	4,813	4,763	4,978	5,216
Operating Profit	469	489	467	562	469	451	531	490	491	337	546	544	585
OPM %	13%	13%	12%	13%	11%	10%	12%	10%	10%	7%	10%	10%	10%
Other Income	95	188	42	59	609	77	62	71	77	150	72	93	49
Interest	11	11	11	13	13	15	16	16	15	16	17	14	15
Depreciation	95	124	108	112	119	115	110	119	127	137	152	164	173
Profit before tax	460	542	390	496	946	398	467	426	426	334	449	459	445
Tax %	29%	12%	27%	30%	12%	31%	32%	30%	34%	53%	32%	34%	37%
Net Profit	324	477	284	346	828	274	317	299	280	158	303	302	279
EPS in Rs	12.19	16.14	11.14	13.77	27.58	9.88	11.73	10.69	10.01	2.40	10.28	9.65	8.57

Last Updated: March 3, 2026, 2:06 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 6:46 am

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0	4,479	5,000	5,773	4,750	6,083	12,447	14,964	16,890	19,465	21,783
Expenses	0	4,073	4,626	5,240	4,169	5,442	10,997	13,081	14,921	17,595	19,771
Operating Profit	0	406	374	533	582	641	1,450	1,883	1,969	1,870	2,012
OPM %		9%	7%	9%	12%	11%	12%	13%	12%	10%	9%
Other Income	0	41	55	62	40	70	147	319	787	359	363
Interest	0	77	62	56	34	47	99	58	73	83	63
Depreciation	0	149	154	162	185	251	347	396	465	492	626
Profit before tax	0	221	214	378	403	412	1,152	1,748	2,218	1,653	1,686
Tax %		21%	27%	34%	22%	26%	14%	24%	22%	36%
Net Profit	0	174	156	251	313	305	991	1,325	1,723	1,054	1,042
EPS in Rs			7.86	12.81	16.31	14.85	39.85	49.48	62.08	34.82	30.90
Dividend Payout %		0%	17%	20%	21%	24%	9%	7%	6%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-10.34%	60.90%	24.70%	-2.56%	224.92%	33.70%	30.04%	-38.83%
Change in YoY Net Profit Growth (%)	0.00%	71.24%	-36.20%	-27.26%	227.47%	-191.21%	-3.67%	-68.87%

Tube Investments of India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	33%
3 Years:	16%
TTM:	15%

Compounded Profit Growth
10 Years:	%
5 Years:	16%
3 Years:	-4%
TTM:	-25%

Stock Price CAGR
10 Years:	%
5 Years:	35%
3 Years:	6%
1 Year:	-26%

Return on Equity
10 Years:	%
5 Years:	22%
3 Years:	21%
Last Year:	13%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: July 24, 2026, 10:35 am

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.11	19	19	19	19	19	19	19	19	19	19
Reserves	-0	1,169	1,254	1,457	1,715	2,293	3,052	3,931	5,080	5,516	7,732
Borrowings	-0	851	776	611	414	1,972	871	726	896	703	754
Other Liabilities	-0	1,097	1,263	1,263	932	4,349	4,932	5,583	7,109	9,640	12,919
Total Liabilities	0	3,135	3,312	3,349	3,080	8,634	8,874	10,260	13,105	15,879	21,425
Fixed Assets	-0	1,306	1,358	1,429	1,515	3,426	3,324	3,588	4,417	5,210	6,232
CWIP	-0	34	90	69	58	152	128	191	381	770	895
Investments	-0	202	134	132	186	369	542	729	1,370	931	1,024
Other Assets	0	1,593	1,730	1,719	1,321	4,687	4,880	5,752	6,938	8,969	13,274
Total Assets	0	3,135	3,312	3,349	3,080	8,634	8,874	10,260	13,105	15,879	21,425

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-0	383	409	493	596	257	896	1,386	675	1,185	1,161
Cash from Investing Activity +	0	316	-181	-196	-246	-80	-79	-850	-1,657	-1,587	-3,953
Cash from Financing Activity +	0	-685	-291	-280	-284	304	-921	-75	645	522	2,668
Net Cash Flow	0	14	-63	17	66	481	-104	461	-336	120	-124
Free Cash Flow	-0	227	182	310	377	112	658	983	-148	-22	-266
CFO/OP		104%	128%	115%	123%	56%	70%	87%	48%	88%	85%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	0.00	227.00	182.00	310.00	377.00	112.00	658.00	983.00	-148.00	-22.00	-266.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	50	51	41	40	77	52	52	59	62
Inventory Days	101	93	84	75	111	58	50	59	63
Days Payable	107	117	96	94	226	103	85	90	89
Cash Conversion Cycle	44	26	29	22	-38	8	17	28	36
Working Capital Days	4	-4	-3	-2	-115	-30	0	10	24
ROCE %	26%	13%	20%	21%	14%	27%	32%	26%	22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	46.12%	45.11%	45.11%	45.04%	44.97%	44.11%	44.11%	44.09%	44.09%	44.06%	44.05%	43.93%
FIIs	30.42%	28.83%	28.33%	27.40%	28.38%	28.25%	26.93%	26.31%	25.45%	23.15%	21.42%	22.35%
DIIs	11.47%	14.14%	14.81%	15.50%	14.73%	15.04%	16.12%	16.78%	17.71%	19.68%	21.75%	21.01%
Government	0.45%	0.45%	0.45%	0.45%	0.45%	0.45%	0.45%	0.45%	0.45%	0.45%	0.45%	0.45%
Public	11.55%	11.48%	11.31%	11.60%	11.48%	12.15%	12.40%	12.35%	12.29%	12.67%	12.33%	12.26%
No. of Shareholders	76,472	79,168	80,778	83,215	87,030	95,152	1,02,308	1,06,311	1,04,102	1,08,615	1,06,178	1,00,623

Shareholding Pattern Chart

No. of Shareholders

Tube Investments of India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Midcap Fund	4,250,396	3.51	1252.97	3,892,571	2026-06-12 00:19:43	9.19%
Nippon India Small Cap Fund	2,499,222	1.01	736.75	3,267,559	2025-11-02 17:56:35	-23.51%
Nippon India Growth Mid Cap Fund	2,308,782	1.49	680.61	2,500,000	2026-06-11 03:26:07	-7.65%
DSP Mid Cap Fund	1,096,953	1.66	323.37	686,975	2026-03-12 04:30:21	59.68%
Franklin India Flexi Cap Fund	1,023,601	1.58	301.75	950,941	2026-03-23 00:18:48	7.64%
Nippon India Multi Cap Fund	1,000,000	0.56	294.79	1,150,000	2026-06-11 03:26:07	-13.04%
Axis Midcap Fund	902,293	0.82	265.99	695,656	2026-06-11 03:26:07	29.7%
Franklin India Mid Cap Fund	836,172	2.04	246.5	661,027	2026-06-11 03:26:08	26.5%
Nippon India Focused Fund	595,024	2.1	175.41	N/A	N/A	N/A
DSP Large & Mid Cap Fund	538,464	0.92	158.73	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	34.83	62.12	49.50	39.89	15.13
Diluted EPS (Rs.)	34.80	62.04	49.40	39.89	15.10
Cash EPS (Rs.)	79.94	113.17	90.13	69.63	28.84
Book Value[Excl.RevalReserv]/Share (Rs.)	286.08	348.74	256.63	193.12	130.07
Book Value[Incl.RevalReserv]/Share (Rs.)	286.08	348.74	256.63	193.12	130.07
Revenue From Operations / Share (Rs.)	1005.93	873.34	774.97	649.32	315.52
PBDIT / Share (Rs.)	114.74	113.81	105.17	79.96	38.71
PBIT / Share (Rs.)	89.31	89.74	84.67	61.85	25.67
PBT / Share (Rs.)	85.46	87.05	82.89	59.88	21.38
Net Profit / Share (Rs.)	54.50	89.10	69.63	51.53	15.80
NP After MI And SOA / Share (Rs.)	34.82	62.08	49.49	39.86	14.85
PBDIT Margin (%)	11.40	13.03	13.57	12.31	12.26
PBIT Margin (%)	8.87	10.27	10.92	9.52	8.13
PBT Margin (%)	8.49	9.96	10.69	9.22	6.77
Net Profit Margin (%)	5.41	10.20	8.98	7.93	5.00
NP After MI And SOA Margin (%)	3.46	7.10	6.38	6.13	4.70
Return on Networth / Equity (%)	12.17	23.54	24.18	25.03	13.18
Return on Capital Employeed (%)	16.10	20.94	29.38	28.56	14.06
Return On Assets (%)	4.22	9.11	9.32	8.64	3.16
Long Term Debt / Equity (X)	0.01	0.01	0.01	0.11	0.42
Total Debt / Equity (X)	0.08	0.14	0.15	0.26	0.61
Asset Turnover Ratio (%)	1.34	1.44	1.56	0.94	1.21
Current Ratio (X)	1.80	1.62	1.27	0.97	0.81
Quick Ratio (X)	1.38	1.25	0.98	0.69	0.61
Inventory Turnover Ratio (X)	9.70	6.66	6.86	4.51	4.56
Dividend Payout Ratio (NP) (%)	10.05	5.63	7.07	8.78	0.00
Dividend Payout Ratio (CP) (%)	5.80	4.06	4.99	6.03	0.00
Earning Retention Ratio (%)	89.95	94.37	92.93	91.22	0.00
Cash Earning Retention Ratio (%)	94.20	95.94	95.01	93.97	0.00
Interest Coverage Ratio (X)	34.99	42.12	47.83	26.47	18.25
Interest Coverage Ratio (Post Tax) (X)	17.79	23.72	28.55	17.72	9.47
Enterprise Value (Cr.)	56572.45	73321.11	49805.05	32137.01	24060.64
EV / Net Operating Revenue (X)	2.91	4.34	3.33	2.57	3.96
EV / EBITDA (X)	25.48	33.31	24.52	20.84	32.24
MarketCap / Net Operating Revenue (X)	2.75	4.27	3.28	2.50	3.78
Retention Ratios (%)	89.94	94.36	92.92	91.21	0.00
Price / BV (X)	9.69	14.15	12.43	10.18	10.58
Price / Net Operating Revenue (X)	2.75	4.27	3.28	2.50	3.78
EarningsYield	0.01	0.01	0.01	0.02	0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Tube Investments of India Ltd and is it undervalued?

Tube Investments of India Ltd: the stored intrinsic value estimate is ₹1,061.56, compared with a stored share price of ₹2,579.00. The model value is 58.8% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Tube Investments of India Ltd?

The stored share price is ₹2,579.00. Price-data record updated: 24 September 2026, 3:51 am +05:30. This is not a live quote. The stored 52-week high / low is 3,335/2,165; this is a rolling range, not a financial-year range.

How have Tube Investments of India Ltd's revenue and profit changed?

Does Tube Investments of India Ltd's profit convert into cash?

What should I check in Tube Investments of India Ltd's balance sheet?

Reported borrowings were ₹754.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Tube Investments of India Ltd's P/E with other stocks?

The stored P/E is 79.60. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Tube Investments of India Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.