Tube Investments of India Ltd
TIINDIATube Investments of India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: Foreign institutions moved −5.0 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is in a confirmed uptrend (8 weeks in) while the P/E sits at the 73rd percentile of its own 8-year range. Underneath, the last four quarters read improving — profit +48.1% year on year, and 78% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Tube Investments of India Ltd trades at ₹2,892, in a confirmed uptrend and 8 weeks into that stage. That is +0.0% against its own 200-day average. It sits at 60% of a 52-week range of ₹2,220 to ₹3,332. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (2 weeks and counting).
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹2,892 it trades +0.0% versus its 200-day average and sits at 60% of its 52-week range (₹2,220–₹3,332).
Against the market, two honest reads. Cumulative: over the last 8.7 years the stock moved +1,043% while the NIFTY 500 moved +156% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (2 weeks and counting; last ahead the week of 2026-07-03) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 73rd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Tube Investments of India Ltd trades at 81.0× P/E, at the pricey end of its own range (73rd percentile). Its long-run median P/E is 64.4×, measured across 8.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 81.0× is at the pricey end of its own range (73rd percentile), against a long-run median of 64.4× measured over 8.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −5.5% against a −0.9% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +20.7%/yr price move, ~+16.9%/yr came from earnings growth and ~+3.8 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Tube Investments of India Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −39.5% at the trough to +6.1%, a 2-quarter improving streak, ROCE slipping at 17.0%. The read is built from 12 quarters across 4 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +17.4% | +15.1% | +30.3% | — |
| Profit | +6.1% | −5.5% | +31.3% | — |
| EPS | −5.5% | −12.7% | +18.2% | — |
| Share price | −0.9% | −4.2% | +20.7% | — |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
45.3/100 — rank 10 of 20 in Diversified · 93% evidence confidence
Tube Investments of India Ltd scores 45.3 out of 100 against the 20 companies it is compared with in Diversified, ranking 10. Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
The four contributions add to the total exactly: 18.2 + 18.1 + 2 + 7 = 45.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Tube Investments of India Ltd reported ₹6,215 Cr of revenue in the Mar 26 quarter, +20.7% year on year. That is the 12th straight quarter of year-on-year growth. The last full year, FY26, came in at ₹22,847 Cr. The last four reported quarters add to ₹22,848 Cr.
Tube Investments of India Ltd reported ₹6,215 Cr of revenue in the Mar 26 quarter, +20.7% year on year. That is the 12th straight quarter of year-on-year growth. The last full year, FY26, came in at ₹22,847 Cr. The last four reported quarters add to ₹22,848 Cr.
FY26 revenue came in at ₹22,847 Cr (+17.4% on the year). The latest quarter (Mar 26) printed ₹6,215 Cr, +20.7% year on year — the 12th consecutive quarter of year-over-year growth.
Acceleration check: trailing-twelve-month revenue grew +17.4% over the last 4 quarters against +16.3%/yr over the last 8 — stabilising; TTM profit +6.1% vs −19.7%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 9.0% this quarter (+2.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Tube Investments of India Ltd's operating margin is 9.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 7.0% to 13.0%. The current quarter sits inside that band.
Tube Investments of India Ltd's operating margin is 9.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 7.0% to 13.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 9.0%, +2.0 pp against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 7.0%–13.0%.
Why the margin moved: operating margin went +2.8 pp year on year while gross margin went +0.4 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins held — did that reach the bottom line? Next: profit +48.1% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Tube Investments of India Ltd earned ₹234 Cr of net profit in the Mar 26 quarter, +48.1% year on year. Full-year FY26 profit was ₹1,118 Cr. That is 3.8% of the quarter's revenue. The same quarter a year earlier earned ₹158 Cr.
Tube Investments of India Ltd earned ₹234 Cr of net profit in the Mar 26 quarter, +48.1% year on year. Full-year FY26 profit was ₹1,118 Cr. That is 3.8% of the quarter's revenue. The same quarter a year earlier earned ₹158 Cr.
Mar 26 profit was ₹234 Cr, +48.1% year on year. On the full year, FY26 printed ₹1,118 Cr (+6.1%).
Why profit moved: revenue contributed +20.7% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +11.1% vs revenue +17.4%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 78% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 78% of Tube Investments of India Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹1,161 Cr of operating cash against ₹1,118 Cr of profit. After ₹1,811 Cr of capital spending, ₹−650 Cr was left as free cash.
FY26: operating cash of ₹1,161 Cr against reported profit of ₹1,118 Cr, leaving free cash of ₹−650 Cr after ₹1,811 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 78% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 78%: the cash cycle stretched 79 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: conversion is below par and the cash cycle has stretched 79 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 41-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Tube Investments of India Ltd's cash conversion cycle runs 41 days in FY26, up from −38 days in FY21. Capital spending ran ₹4,969 Cr over the last 3 years. At FY26 sales of ₹22,847 Cr each day of that cycle holds about ₹62.6 Cr, so roughly ₹2,566 Cr sits inside the business at any moment.
FY26: debtors at 70 days, inventory at 70 days — roughly 2.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 41 days, looser than FY21's −38.
The full loop: cash goes out to suppliers and production on day 0; stock waits 70 days to sell; customers pay about 70 days after that; and suppliers themselves are paid at 98 days — netting out to the 41-day cycle.
In money terms: at FY26 sales of ₹22,847 Cr, each day of the cycle holds about ₹62.6 Cr — so the 41-day loop keeps roughly ₹2,566 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹4,969 Cr over the last 3 fiscal years against ₹1,621 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹895 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 17% and the ROIC − WACC spread is −3.4 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Tube Investments of India Ltd earns a ROCE of 17% in FY26. That is up from a trough of 13% in FY18. Return on invested capital clears the cost of that capital by −3.4 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 4.9% net margin on 1.07× asset turns.
FY26 ROCE is 17%, recovered from a FY18 trough of 13% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 4.9% net margin × 1.07× asset turns × 2.76× balance-sheet leverage ≈ 14.5% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 8.6% − 12.0% = a −3.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.10.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Tube Investments of India Ltd carries total debt of ₹762 Cr against shareholder equity of ₹14,202 Cr as of Mar 26, a debt-to-equity of 0.05 — effectively unlevered. On the annual view that ratio went from 0.23 in FY22 to 0.05 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹762 Cr against shareholder equity of ₹14,202 Cr — a debt-to-equity of 0.05. On the annual view, debt-to-equity went from 0.23 (FY22) to 0.05 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 5.5 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 5.5 points of Tube Investments of India Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 21.0% of the company. Foreign institutions moved −5.0 points over the same window, to 22.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +5.5 points over 8 quarters to 21.0%; Foreign institutions: −5.0 points over 8 quarters to 22.4%; Promoters: −1.1 points over 8 quarters to 43.9%.
Why the register moved: rotation — foreign institutions −5.0 points against domestic institutions +5.5 points over 8 quarters, with promoters −1.1 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Tube Investments of India Ltd: the Z-score reads 6.60. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 6.60 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 6.60.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Tube Investments of India Ltd this page | 81.0× | ₹53,560 Cr | Turning around | |||
| Grasim Industries Ltd | 42.0× | ₹2.1L Cr | Mixed | |||
| 3M India Ltd | 65.4× | ₹40,008 Cr | Mixed | |||
| Piramal Enterprises Ltd(Merged) | 49.0× | ₹25,483 Cr | No read | |||
| Nava Ltd | 20.6× | ₹15,715 Cr | Mixed | |||
| Swan Corp Ltd | 35.7× | ₹9,792 Cr | No read | |||
| Swan Corp Ltd | 35.5× | ₹9,727 Cr | No read | |||
| Indiabulls Limited | 14.7× | ₹7,112 Cr | No read | |||
| Balmer Lawrie & Company Ltd | 10.8× | ₹2,986 Cr | Turning around | |||
| Bluspring Enterprises Ltd | — | ₹1,620 Cr | — | No read | ||
| Texmaco Infrastructure & Holdings Ltd | 131.0× | ₹1,433 Cr | Mixed | |||
| Andrew Yule & Company Ltd | — | ₹1,246 Cr | No read | |||
| Arunis Abode Ltd | 62.5× | ₹1,077 Cr | No read | |||
| BCL Industries Ltd | 9.2× | ₹1,055 Cr | Mixed | |||
| Kalind Ltd | 37.9× | ₹1,032 Cr | No read | |||
| Integrated Industries Ltd | 11.6× | ₹1,003 Cr | No read | |||
| Bharat Global Developers Ltd | 291.0× | ₹933 Cr | No read | |||
| Sobhagya Mercantile Ltd | 41.8× | ₹920 Cr | Mixed | |||
| Sobhagya Mercantile Ltd | 25.7× | ₹615 Cr | Mixed | |||
| Nurture Well Industries Ltd | 8.4× | ₹564 Cr | Mixed | |||
| Rossell India Ltd | 11.8× | ₹168 Cr | No read | |||
| Kesar Enterprises Ltd | — | ₹47 Cr | No read |
Frequently asked questions
What is Tube Investments of India Ltd's share price today?
Tube Investments of India Ltd trades at ₹2,892, −0.9% over the past year. The company is valued at ₹53,560 Cr. The stock sits at 60% of its 52-week range of ₹2,220–₹3,332, +0.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 24 July 2026.
What were Tube Investments of India Ltd's latest quarterly results?
Tube Investments of India Ltd reported revenue of ₹6,215 Cr and net profit of ₹234 Cr for the Mar 26 quarter. Revenue rose 20.7% and profit rose 48.1% year on year. Earnings per share were ₹4.41. The operating margin was 9.0%, 2.0 pp higher than a year earlier. — as of 24 July 2026.
What is Tube Investments of India Ltd's revenue?
Tube Investments of India Ltd reported revenue of ₹6,215 Cr in the Mar 26 quarter, +20.7% year on year. For the full FY26 fiscal year, revenue was ₹22,847 Cr (+17.4%). — as of 24 July 2026.
What is Tube Investments of India Ltd's profit?
Tube Investments of India Ltd earned ₹234 Cr of net profit in the Mar 26 quarter, +48.1% year on year. Full-year FY26 profit was ₹1,118 Cr. The operating margin ran 9.0% in the latest quarter. — as of 24 July 2026.
What is Tube Investments of India Ltd's market cap?
Tube Investments of India Ltd's market capitalisation is ₹53,560 Cr at a share price of ₹2,892. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Tube Investments of India Ltd's P/E ratio?
Tube Investments of India Ltd trades at a P/E of 81.0×, at the 73rd percentile of its own 8-year range, against a long-run median of 64.4×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Tube Investments of India Ltd pay a dividend?
Yes — Tube Investments of India Ltd's dividend payout was 11% of profit in FY26, and it recorded a payout in 9 of its last 10 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Tube Investments of India Ltd overvalued?
On its own history, Tube Investments of India Ltd looks expensive against its own history: its P/E of 81.0× sits at the 73rd percentile of its 8-year range (long-run median 64.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Tube Investments of India Ltd growing?
Yes — Tube Investments of India Ltd is growing: latest-quarter revenue +20.7% year on year, profit +48.1%, and the margin +2.0 pp at 9.0%. The earnings engine currently reads: improving — as of 24 July 2026.
How is Tube Investments of India Ltd performing?
Tube Investments of India Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's revenue rose 20.7% and profit rose 48.1% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Tube Investments of India Ltd in?
Turning around — profit growth swung from −39.5% at the trough to +6.1%, a 2-quarter improving streak, ROCE slipping at 17.0%. The read comes from the last 12 quarters of growth (revenue growth +17.4% latest, profit growth +6.1% latest, eps growth −5.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Tube Investments of India Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +0.0% versus its 200-day average and at 60% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Tube Investments of India Ltd beating the market?
Not lately — on a trailing-13-week view Tube Investments of India Ltd is currently behind the NIFTY 500 (2 weeks and counting; last ahead the week of 2026-07-03), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 8.7 years the stock moved +1,043% against the NIFTY 500's +156% — ahead of the index over the full window. — as of 24 July 2026.
Will Tube Investments of India Ltd's share price go up?
This page publishes no price forecast for Tube Investments of India Ltd. What it measures instead: the share price is ₹2,892, the price is in a confirmed uptrend 8 weeks in. Its P/E of 81.0× sits at the 73rd percentile of its own 8-year range. — as of 24 July 2026.
Who owns Tube Investments of India Ltd?
Promoters hold 43.9% of Tube Investments of India Ltd, foreign institutions 22.4%, domestic institutions 21.0% and the public 12.3% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 5.5 points over 8 quarters. — as of 24 July 2026.
Does Tube Investments of India Ltd have too much debt?
No — Tube Investments of India Ltd's debt-to-equity is 0.10, and operating profit covers the interest bill 29×. FY26 borrowings were ₹754 Cr against equity of ₹7,751 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Tube Investments of India Ltd's capex?
Tube Investments of India Ltd spent ₹4,969 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹1,811 Cr, with ₹895 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Tube Investments of India Ltd's cash flow?
Tube Investments of India Ltd generated ₹1,161 Cr of operating cash flow in FY26 and ₹−650 Cr of free cash flow after ₹1,811 Cr of capital spending. Reported profit that year was ₹1,118 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Tube Investments of India Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 78% of Tube Investments of India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹1,161 Cr against reported profit of ₹1,118 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
How financially safe is Tube Investments of India Ltd?
On the balance sheet, the Z-score reads 6.60 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.
Where is Tube Investments of India Ltd in its business cycle?
Tube Investments of India Ltd's FY26 operating margin was 10.0%, against a 10-year band of 7.0%–13.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 9.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Tube Investments of India Ltd story?
The sharpest disagreement: Foreign institutions moved −5.0 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Tube Investments of India Ltd a stock worth studying right now?
This is not investment advice. The machine read: Tube Investments of India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.