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Swing Capital

Cubex Tubings Ltd

NSE: CUBEXTUB BSE: 526027Metal

Cubex Tubings Ltd (CUBEXTUB) is a Metal company listed on NSE: CUBEXTUB | BSE: 526027. With a market cap of ₹129 Cr and ROCE of 11.4%, ROE of 9.36%, it operates in the Indian Metal sector.

₹90.1
52W: ₹73 — ₹144
PE 17.3 · Book ₹58.2 · +55% vs book
Market Cap₹129 Cr
Stock P/E17.3Price to Earnings
ROCE11.4%Return on Capital
ROE9.36%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has delivered good profit growth of 41.1% CAGR over last 5 years
  • +Company's median sales growth is 16.2% of last 10 years

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has a low return on equity of 8.26% over last 3 years.
  • −Earnings include an other income of Rs.8.22 Cr.

Shareholding Pattern

Promoters44.42%
FIIs0.19%
DIIs0.32%
Public55.03%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters44.42%44.42%44.42%44.42%44.42%44.42%44.42%44.42%
FIIs0%0%0.05%▲0.10%▼0.10.18%▲0.20.08%▼0.10.25%▲0.20.19%▼0.1
DIIs0.32%0.32%0.32%0.32%0.32%0.32%0.32%0.32%
Public55.22%55.21%▼0.055.17%▼0.055.23%▲0.155.05%▼0.255.14%▲0.154.97%▼0.255.03%▲0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales56.9450.2654.9355.272.7684.2349.8773.775.0389.4
Expenses54.8348.453.3852.8169.9481.2847.4970.4471.3692.13
Operating Profit2.111.861.552.392.822.952.383.263.67-2.73
OPM %3.71%3.7%2.82%4.33%3.88%3.5%4.77%4.42%4.89%-3.05%
Net Profit1.011.010.911.32.142.31.231.743.111.37
EPS ₹0.710.710.640.911.491.610.861.222.170.96

AI Insights

Revenue Trend

Mar 2026 revenue at ₹288Cr, up 7.9% YoY. OPM at 2%.

Debt Position

Borrowings at ₹43Cr. Debt-to-equity ratio: 0.62x. Moderate leverage.

Institutional Flow

DIIs: 0.32% (+0.00pp change). FIIs: 0.19% (+0.19pp change). Promoters hold 44.42%.

Margin & Efficiency

ROCE improving from 1% (Mar 2015) to 11% (Mar 2026). Working capital days: 64.

Valuation

PE 17.3x with 11.4% ROCE. Price is 55% above book value of ₹58.2. Dividend yield: 0%.

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