NSE: TIINDIA · BSE: 540762 · ISIN INE974X01010
Tube Investments of India Limited stock analysis
Tube Investments of India Limited ranks #2469 in the TickerSutra evidence-ranked universe with a score of 46/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.1%, quarterly sales growth of 17.1% and quarterly profit growth of -15.3%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.1×
- 15.1% three-year sales CAGR
- CWIP indicates an active capacity pipeline
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹12,447cr | ₹1,450cr | ₹991cr | 12.0% |
| 2023 | ₹14,964cr | ₹1,883cr | ₹1,325cr | 13.0% |
| 2024 | ₹16,890cr | ₹1,969cr | ₹1,723cr | 12.0% |
| 2025 | ₹19,465cr | ₹1,870cr | ₹1,054cr | 10.0% |
| 2026 | ₹22,847cr | ₹2,279cr | ₹1,118cr | 10.0% |
| TTM | ₹23,754cr | ₹2,259cr | ₹1,109cr | 10.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Incremental investment in TI Clean Mobility Private Limited, a subsidiary company
RoutineUpdatesNSE · 29 Sept 2026Tube Investments of India Limited has informed the Exchange regarding 'Incremental Investment in TI Clean Mobility Private Limited, subsidiary'.
RoutineTrading WindowBSE · 29 Sept 2026Tube Investments of India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineAnalyst/Investor Meet Para A-XBRLNSE · 18 Sept 2026 · Structured filingTube Investments of India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Tube Investments of India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Open original XBRL sourceTube Investments of India Limited has informed the Exchange about Schedule of meet
MANAGEMENT COMMENTARY
Signals from filed documents
Review of Performance The Engineering segment was able to grow its volumes leveraging the growth of passenger, commercial vehicles and two wheeler segment. The business also focused and realized the increased opportunities in the export market. The volumes of tubes in the domestic market grew by 13%, export market by 4% and cold rolled steel strips business grew by 28% by leveraging the Nasik facility.
So that is maybe also for this particular quarter, there was a drag on that. And the rest of the two units, actually, we are maybe, like you are aware, we have declared to do a Greenfield plant launch in the western region that is running delayed by six months. So capacity may be in terms of expansion, whatever growth was there.
Tube Investments of India Limited August 17, 2026 Page 10 of 16 Mukesh Ahuja: So Anupam, you are aware of that basically quarter one of every financial year, it is very good for the cycle business, particularly because schools will be opening, colleges will be opening and which maybe I am happy to state maybe we have encashed those growths fully rather we have improved our even share of business. And that is what is
Maybe like we have given guidance, we will be able to grow EBIT margin in the double digit. And post the price recovery, we are confident that double digit margin improvement will keep happening in the future also. Moderator: Thank you so much, Joseph.
Key upgrades included the expansion of robotic needle production to accommodate more than 20 additional needle types and the transition of Barb-E suture manufacturing to a 24/7 operational cycle. These advancements have deepened backward integration and significantly mitigated dependency on imported components. 26 TUBE INVESTMENTS OF INDIA LIMITED | ANNUAL REPORT 2025-26 Corporate Overview Management Reports Financia
But basically, you are aware that TI maybe gets those price increases with a lag of sometimes two or three quarters. So we are confident on the steel price increase particularly. We will be able to recover fully and you will see the margin neutralization will happen in the coming quarters.
Mukesh Ahuja: Thank you, Joseph, for your question. Joseph, as you are already aware of, there was a lot of commodity steel price increase that happened in the quarter four and quarter one, which has resulted into the lower margins. But basically, you are aware that TI maybe gets those price increases with a lag of sometimes two or three quarters.
The business launched an e-rickshaw in passenger segment during the financial year 2025-26 and entered the commercial segment through the launch of Super Cargo, with expansion across multiple states. During the financial year 2025-26, TICMPL commenced commercial production and sales of its 27HP electric tractor across various states. Product development of 45HP model is in progress and is undergoing rigorous product
Scaling Global Footprint and Regulatory Success International expansion has emerged as a primary growth engine for TI Medical, with export performance consistently exceeding expectations. A landmark achievement during the year was the securing of regulatory approvals in Russia and Saudi Arabia, providing a gateway to scale operations across Eastern Europe and the Middle East. The Company is actively pursuing further
The year was defined by record-breaking manufacturing outputs, strategic regulatory breakthroughs in high-growth international markets and a significant expansion of the surgical portfolio. Scaling Global Footprint and Regulatory Success International expansion has emerged as a primary growth engine for TI Medical, with export performance consistently exceeding expectations. A landmark achievement during the year was
There was no instance of any non-acceptance by the Board of Directors of the recommendations of any Committee of the Board, where it is mandatorily required, during the financial year 2025-26. The Company did not raise any funds during the financial year 2025-26 through preferential allotment or qualified institutional placement. As per the information available with the Company, there are are no agreements entered i
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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