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On 6 Nov 2026, Tube Investments of India was priced at ₹2,170.00, or 62.9× trailing earnings, against an industry P/E of 14.8×, and the shares are 35% below their 52-week high. It earns ROCE of 13% and ROE of 9.3%, and sales grew 15% a year over 3 years while net profit fell 13%. It has almost no debt, and its dividend yield is 0.2%. It is a mid-cap company with a market cap of ₹42,005 Cr, ranked 2nd of 52 Conglomerates companies by market cap; the shares fell 23% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹2,299.90
Day high
₹2,299.90
Day low
₹2,056.80
Prev. close
₹2,300.00
Volume
14.6 L

Health check

1 good · 2 fair · 3 to check
  • ReturnsBehind

    −23.1% over a year, better than 1 of 7 peers.

  • Price tagPricier

    P/E 62.9 vs industry 14.8.

  • GrowthSteady

    Sales +15.5%, profit −12.6% a year over 3 years.

  • ProfitabilityAverage

    ROCE 12.8% vs peer median 12.3%.

  • Balance sheetSolid

    Debt 0.06× equity, interest covered 32.6×, Piotroski 7 of 9.

  • Red flags2 to check

    P/E of 62.9 against an industry P/E of 14.8.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Conglomerates

51 listed peers. Screen the industry

Mid cap

₹42,005 Cr, #2 of 52 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹24,851 Cr · profit ₹667 Cr
Market cap
₹42,005 Cr
Mid cap
P/E
62.9
Industry 14.8
Price to book
5.18
Peers 4.76
Dividend yield
0.16%
ROE
9.3%
Peers 13.7%
ROCE
12.8%
Peers 12.3%
Debt to equity
0.06
Debt ₹965 Cr
EPS (TTM)
₹34.49
Face value ₹1
OPM (TTM)
9.9%
Net margin 2.7%
Sales growth
+32.6%
Latest quarter vs a year ago
Profit growth
+33.4%
Latest quarter vs a year ago
Price to sales
1.69
EV/EBITDA 20.2

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 33.4% on a year ago.
  • Quarterly sales up 32.6% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 62.9 against an industry P/E of 14.8.
  • 35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Tube Investments of India

Tube Investments of India Limited, together with its subsidiaries, engages in the manufacture and sale of engineering, mobility, and metal formed products in India and internationally. It operates through nine segments: Engineering, Metal Formed Products, Mobility, Gear and Gear Products, Power Systems, Industrial Systems, Semiconductors, Electric Vehicles, and Medical. The Engineering segment offers cold rolled steel strips, precision steel tubes, cold…

Headquarters
Chennai
Employees
3,153
Sector
Industrials
ISIN
INE974X01010
Website
tiindia.com

Price range

52 weeks

₹2,005.20₹3,335.20

Today

₹2,056.80₹2,299.90
Avg volume (3M)
4.6 L
1-year return
minus 23.1%
From 52-week high
minus 34.9%

Analyst consensus

6 analysts
BuyMean target ₹3,059.33 plus 41.0%

Target range, with today’s price

Low ₹2,682.00High ₹3,550.00

Today’s price ₹2,170.00 is below the lowest analyst target.

Next results expected around 4 Feb 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Conglomerates

Compare with peersScreen the whole industry
Company
SRFSRF2,460.40minus 0.99%72,92831.94.7614.5%16.0%24.2%1.8%−5.3%0.41%minus 15.5%
TIINDIATube Investments of India2,170.00minus 5.65%42,00562.95.1812.8%9.6%9.9%15.5%−12.6%0.16%minus 23.1%
GODREJINDGodrej Industries955.85minus 2.40%32,19827.42.8812.3%11.6%10.4%9.8%8.4%0.00%minus 11.6%
3MINDIA3M India27,570.00minus 5.98%31,05857.017.5747.5%28.9%18.4%8.7%5.0%0.58%minus 18.3%
THERMAXThermax2,746.30minus 17.27%30,93752.65.5815.3%13.7%12.4%9.8%17.0%0.51%plus 1.5%
BEMLBEML1,953.20minus 1.89%16,26828.05.665.9%4.9%7.3%3.0%−3.6%0.91%minus 7.4%
NAVANava529.15minus 0.99%14,99119.81.7111.1%9.6%38.4%6.8%−5.3%1.61%minus 12.1%
DCMSHRIRAMDCM Shriram898.60minus 1.01%13,91710.71.6611.1%17.6%10.5%5.4%−2.1%1.78%minus 27.3%
Median of 7 peers–−1.89%30,93728.04.7612.3%13.7%12.4%6.8%−2.1%0.58%−12.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
5,1715,6526,0196,0387,136
4,6255,0675,4295,4906,402
546585589548734
10.6%10.3%9.8%9.1%10.3%
71.5106117112112
16.715.515.816.319.2
152173175183183
–−57−17.7––
449445498461644
32.5%37.3%53.4%36.2%34.7%
19916685.5169249
10.278.574.428.7012.86

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+15.5%
Profit CAGR 3Y
−12.6%
EPS CAGR 3Y
−12.7%
ROE
9.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14,43116,33518,91522,221
–+13.2%+15.8%+17.5%
12,47514,30716,83319,885
1,9552,0282,0822,336
13.6%12.4%11.0%10.5%
33.8101136252
41.951.661.758.5
396454492664
29.570.8−11.7−14.5
1,5811,6951,6531,851
26.7%29.3%36.2%39.7%
9561,206674637
–+26.2%minus 44.1%minus 5.5%
49.3962.3134.8032.90

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
19.319.319.419.4
3,9315,0805,5167,732
1,1262,1043,097761
5,2115,9767,33112,974
10,28813,17915,96421,487
2,4433,0884,1435,137
2244319401,043
4440.747.41,433
1,6102,6432,9524,005
5,9666,9777,8829,869
10,28813,17915,96421,487

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,3861,3061,1851,161
−871−2,289−1,587−3,953
−74.76465222,668
440−338121−124
−416−851−1,213−1,433
970455−27.9−272
−169−162−162−168

Shareholding pattern

Source: NSE filings
44.1%
promoters
  • Promoters44.10%
  • Public55.90%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202644.10%55.90%0.00
30 Jun 202644.10%55.90%plus 0.06
31 Mar 202644.04%55.96%minus 0.01
31 Dec 202544.05%55.95%minus 0.04
30 Sep 202544.09%55.91%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you