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Tube Investments of India Limited (TIINDIA.NS)

INR2,939.70 +23.60 (+0.81%)
IN NSE Industrials Conglomerates
Address Dare House, 2 600001
Chennai, IN
CEO Arun Murugappan Arunachalam
IPO 2017-11-02
ISIN INE974X01010

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Also trades on Bombay Stock Exchange · TIINDIA.BO (INR) National Stock Exchange of India · TIINDIA.NS (INR)
Description

Tube Investments of India Limited, established in Chennai in 2008, operates as a diversified manufacturer and distributor in India. Its primary business encompasses the production and sale of bicycles and ancillary products, a variety of steel strips and tubes, and various fabricated metal components. The company's activities are organized into three distinct divisions: Cycles and Accessories, Engineering, and Metal Formed Products. The Cycles and Accessories segment provides a comprehensive range of bicycles, from standard and specialized alloy models to high-performance bikes, alongside fitness equipment. This offering targets a wide customer base, including children, adolescents, urban adults, and competitive cyclists. The Engineering segment focuses on manufacturing and supplying cold drawn welded tubes, electric resistance welded tubes, and tubular components for automotive applications. It also produces large-diameter tubes for hydraulic cylinders and off-road vehicles, in addition to specialized cold-rolled steel strips. The Metal Formed Products segment creates a diverse array of items such as sheet metal formed goods, industrial chains, precision fine-blanked components, motor casings, and agricultural blades, serving the automotive, industrial, railway, and agriculture sectors. This division also delivers roll-formed car doorframes and cold-rolled sections for railway wagons and passenger coaches. Beyond its core manufacturing operations, Tube Investments of India also engages in power generation and distribution. The company maintains a strong retail presence through its Track & Trail Urban, Track & Trail Sport, and BSA Hercules Rural outlets, complemented by its online platform, trackandtrail.in. Furthermore, it extends its reach internationally by exporting bicycles, tubes, and industrial chains to markets across Asia, Europe, and the Americas.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR2,939.70 +23.60 (+0.81%)
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Volume Profile
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Liquidity & share structure
Average Volume
353.1K
Beta
-0.30
Float Shares
105.80M
Free Float %
54.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.47% -6.70% +1.86% +15.41% -8.07% +8.72% -9.09% +4.98% +140.03% +967.86% +967.86%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,939.70
DCF (Unlevered) 5,536.20 +88.3%
DCF (Levered) 7,486.77 +154.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 1 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
6.19
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Conglomerates: +6.1%
    +20.8% Q1'26: +23.7% (vs Q1'25)
  • EPS growth Conglomerates: +16.9%
    -5.5% Q1'26: +84.2% (vs Q1'25)
  • FCF margin FCF growth · Conglomerates: +35.9%
    +1.6% Q1'26: -6.6% (vs Q1'25)
  • EBIT margin Conglomerates: +9.0%
    +7.1% Q1'26: +6.7% (vs Q1'25)
  • ROIC Conglomerates: +4.7%
    +7.8% Q1'26: +7.9% (vs Q1'25)
  • Share dilution Conglomerates: +0.0%
    0.0% Q1'26: -0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Conglomerates: 1.28×
    0.33× Q1'26: 0.32× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.30) × ERP
WACC = 95% × Ke + 5% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 5,339.08 Current price: 2,939.70
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
4 Rev. Ana.
2 EPS Ana.
Mar 2027
4 Rev. Ana.
4 EPS Ana.
Mar 2028
4 Rev. Ana.
4 EPS Ana.
Mar 2029
2 Rev. Ana.
2 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
47.89B
est: 45.98B (+4.1%)
54.71B
est: 54.49B (+0.4%)
45.30B
est: 42.76B (+5.9%)
58.38B
est: 45.79B (+27.5%)
119.96B
est: 63.59B (+88.6%)
144.38B
est: 72.36B (+99.5%)
163.42B
est: 170.09B (-3.9%)
189.22B
est: 80.05B (+136.4%)
84.53B
84.16B – 84.89B
+5.6% YoY
94.69B
92.63B – 96.76B
+12.0% YoY
104.23B
101.32B – 107.15B
+10.1% YoY
116.46B
115.77B – 117.15B
+11.7% YoY
125.55B
122.39B – 128.70B
+7.8% YoY
EBITDA
4.12B
est: 5.32B (-22.5%)
5.67B
est: 6.30B (-9.9%)
5.84B
est: 4.05B (+44.3%)
6.28B
est: 4.11B (+52.8%)
14.44B
est: 5.91B (+144.4%)
18.83B
est: 6.25B (+201.4%)
19.24B
est: 19.39B (-0.8%)
19.30B
est: 9.13B (+111.5%)
9.64B
9.60B – 9.68B
+5.6% YoY
10.80B
10.56B – 11.03B
+12.0% YoY
11.88B
11.55B – 12.22B
+10.1% YoY
13.28B
13.20B – 13.36B
+11.7% YoY
14.31B
13.95B – 14.67B
+7.8% YoY
EBIT
2.59B
est: 4.05B (-36.2%)
4.06B
est: 4.80B (-15.5%)
4.12B
est: 3.22B (+27.8%)
3.99B
est: 2.64B (+51.5%)
11.20B
est: 3.79B (+195.8%)
15.09B
est: 4.01B (+276.7%)
15.38B
est: 15.07B (+2.0%)
15.24B
est: 7.09B (+114.9%)
7.49B
7.46B – 7.52B
+5.6% YoY
8.39B
8.21B – 8.57B
+12.0% YoY
9.24B
8.98B – 9.49B
+10.1% YoY
10.32B
10.26B – 10.38B
+11.7% YoY
11.12B
10.84B – 11.40B
+7.8% YoY
Net Income
1.47B
est: 1.68B (-12.5%)
2.40B
est: 3.05B (-21.3%)
3.06B
est: 2.00B (+53.2%)
2.75B
est: 2.17B (+26.7%)
7.69B
est: 3.12B (+146.2%)
9.56B
est: 3.30B (+189.3%)
12.06B
est: 6.82B (+76.9%)
6.74B
est: 7.96B (-15.3%)
9.28B
8.78B – 9.78B
+16.6% YoY
9.96B
9.51B – 10.41B
+7.3% YoY
11.65B
11.64B – 11.66B
+17.0% YoY
12.30B
11.19B – 12.97B
+5.5% YoY
14.65B
14.17B – 15.13B
+19.2% YoY
SGA
6.25B
est: 4.61B (+35.6%)
6.57B
est: 5.46B (+20.3%)
6.22B
est: 9.83B (-36.7%)
7.46B
est: 7.40B (+0.8%)
10.83B
est: 10.64B (+1.8%)
12.51B
est: 11.25B (+11.2%)
15.67B
est: 17.64B (-11.2%)
19.03B
est: 8.30B (+129.2%)
8.77B
8.73B – 8.81B
+5.6% YoY
9.82B
9.61B – 10.04B
+12.0% YoY
10.81B
10.51B – 11.11B
+10.1% YoY
12.08B
12.01B – 12.15B
+11.7% YoY
13.02B
12.69B – 13.35B
+7.8% YoY
EPS
7.86
est: 8.70 (-9.7%)
12.86
est: 15.77 (-18.5%)
16.31
est: 22.15 (-26.4%)
14.54
est: 15.20 (-4.3%)
38.65
est: 34.83 (+11.0%)
40.87
est: 40.77 (+0.2%)
34.68
est: 35.14 (-1.3%)
34.83
est: 41.10 (-15.3%)
47.94
45.34 – 50.54
+16.6% YoY
51.45
49.14 – 53.76
+7.3% YoY
60.18
60.14 – 60.22
+17.0% YoY
62.40
57.79 – 67.01
+3.7% YoY
75.70
73.22 – 78.18
+21.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
5.99B
OE per share TTM
30.92
Owner's Yield
1.05%
Maintenance CapEx ratio
79.14%
Maint CapEx / Avg PPE
21.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 3 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Schwab Emerging Markets Equity ETF SCHE 0.03% 3.98M 0.06%
2 State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF EEMX 0.03% 50.4K 0.30%
3 State Street SPDR Portfolio Emerging Markets ETF SPEM 0.03% 4.62M 0.07%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.98M
Shares Outstanding
193.55M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Arun Murugappan Arunachalam Executive Chairman 86M male
Mukesh Ahuja MD & Director 47M male
Meyyappan Chief Financial Officer male
R. Selvakumar Executive Vice President & Head of HR male
Rajagopal U. Senior VP & Division Head of TICI male
Ramanujam Rajagopalan AVP of Corporate Finance & Taxation
S. Krithika Company Secretary & Compliance Officer female
S. Suresh Executive Vice President of Legal & Corporate Affairs male
Sivakumar Vice President & Division Head of MFPD male
K. Muralidharan President of Business Development male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits