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Swing Capital

Tube Investments of India Ltd

NSE: TIINDIA BSE: 540762Metal

Tube Investments of India Limited (TII) is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry. [1]

₹2,821
52W: ₹2165 — ₹3420
PE 64.7 · Book ₹309 · +813% vs book
Market Cap₹54,598 Cr
Stock P/E64.7Price to Earnings
ROCE19.5%Return on Capital
ROE15.1%Return on Equity
Div. Yield0.12%Face Value ₹1

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.

Weaknesses

  • −Stock is trading at 8.93 times its book value

Shareholding Pattern

Promoters44.05%
FIIs21.42%
DIIs21.75%
Public12.33%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters45.04%44.97%▼0.144.11%▼0.944.11%44.09%▼0.044.09%44.06%▼0.044.05%▼0.0
FIIs27.4%28.38%▲1.028.25%▼0.126.93%▼1.326.31%▼0.625.45%▼0.923.15%▼2.321.42%▼1.7
DIIs15.5%14.73%▼0.815.04%▲0.316.12%▲1.116.78%▲0.717.71%▲0.919.68%▲2.021.75%▲2.1
Public11.6%11.48%▼0.112.15%▲0.712.4%▲0.312.35%▼0.112.29%▼0.112.67%▲0.412.33%▼0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,8981,9621,9602,0651,9101,9572,0072,1192,1522,279
Expenses1,6591,7451,7171,8191,6671,7291,7591,8421,8432,027
Operating Profit239217243246243228247277309251
OPM %13%11%12%12%13%12%12%13%14%11%
Net Profit158248154168161814168187189284
EPS ₹8.1412.827.998.688.3142.058.699.659.7714.65

AI Insights

Revenue Trend

Mar 2026 revenue at ₹8,556Cr, up 8.4% YoY. OPM at 13%.

Debt Position

Borrowings at ₹50Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹56Cr (4% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 21.75% (+9.50pp change). FIIs: 21.42% (-7.99pp change). Promoters hold 44.05%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 20% (Mar 2026). Working capital days: 33.

Valuation

PE 64.7x with 19.5% ROCE. Price is 813% above book value of ₹309. Dividend yield: 0.12%.

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