Tube Invest of India Ltd
NSE: TIINDIA · Auto Components & Equipments · sector
₹2,085.20NSE close 2026-10-26
Key numbers
Market cap₹40,369 cr
Price₹2,085.20
52w high / low₹3,335 / ₹2,085
P/E66.5xSector median 24.3x
P/B5.2xSector median 3.3x
Book value₹400.4
Dividend yield0.42%Sector median 0.55%
ROE9.1%Sector median 14.0%
ROCE23.6%Sector median 15.8%
OPM9.2%Sector median 11.6%
Debt / equity0.05xSector median 0.28x
EV/EBITDA17.5xSector median 13.0x
Interest cover31.2x
Current ratio1.87x
Sales growth 3y+15.2%Sector median +9.0%
Profit growth 3y-12.7%Sector median +9.5%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,418 cr vs borrowings ₹392 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 31.2x in the last 12 months.
- 0.01% of the promoters' shares are pledged (0.0% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 71% of net profit in the last 12 months.
- Debtor days went from 59 (FY24) to 70 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹2,085.20 on 2026-10-26: -37.5% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,563.30 · low ₹2,085.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,925 | 4,812 | 5,150 | 5,309 | 5,523 | 5,801 | 6,215 | 6,215 |
| EBITDA | 490 | 491 | 329 | 546 | 544 | 528 | 572 | 548 |
| OPM % | 10.0% | 10.2% | 6.4% | 10.3% | 9.9% | 9.1% | 9.2% | 8.8% |
| Other income | 71 | 77 | 158 | 72 | 93 | 106 | 117 | 112 |
| Net profit | 207 | 194 | 47 | 199 | 187 | 166 | 85 | 169 |
| EPS (₹) | 10.69 | 10.01 | 2.41 | 10.28 | 9.65 | 8.57 | 4.42 | 8.71 |
| Revenue YoY | +12.1% | +20.5% | +20.7% | +17.1% | ||||
| Profit YoY | -9.7% | -14.3% | +83.6% | -15.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 12,525 | 14,965 | 16,890 | 19,465 | 22,847 | 23,754 |
| EBITDA | 1,454 | 1,896 | 1,950 | 1,838 | 2,190 | 2,192 |
| Net profit | 769 | 956 | 1,201 | 674 | 637 | 607 |
| EPS (₹) | 39.85 | 58.13 | 62.12 | 34.83 | 32.91 | 31.35 |
| Revenue growth | +19.5% | +12.9% | +15.2% | +17.4% | +17.6% | |
| Profit growth | +24.3% | +25.7% | -43.9% | -5.5% | -6.1% | |
| Dividend / share (₹) | 3.50 | 3.50 | 3.50 | 3.50 | 3.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.1% | +30.3% | +17.6% |
| Net profit | -12.7% | +17.3% | -6.1% |
| EPS | -17.3% | +16.8% | – |
| Share price | – | -30.6% (2y) | -32.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,951 | 5,100 | 5,536 | 7,751 |
| Borrowings | – | 629 | 740 | 443 | 392 |
| Cash & equivalents | – | 1,644 | 2,561 | 2,935 | 2,418 |
| Total assets | – | 10,252 | 13,179 | 15,964 | 21,487 |
| Fixed assets | – | 2,221 | 2,657 | 3,203 | 4,095 |
| Capital work in progress | – | 178 | 348 | 733 | 806 |
| Investments | – | 30 | 27 | 25 | 69 |
| Receivables | – | 2,129 | 2,733 | 3,305 | 4,367 |
| Inventory | – | 1,353 | 1,788 | 2,224 | 2,853 |
| Payables | – | 2,319 | 2,774 | 3,120 | 4,035 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 877 | 1,386 | 675 | 1,213 | 1,161 |
| Cash from investing | -79 | -871 | -1,657 | -1,615 | -3,953 |
| Cash from financing | -899 | -75 | 645 | 522 | 2,668 |
| Capex | 248 | 416 | 851 | 1,213 | 1,433 |
| Free cash flow | 629 | 970 | -176 | 0 | -272 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 24.2% | 23.5% | 12.2% | 8.2% |
| ROCE % | – | 35.9% | 29.7% | 28.7% | 23.5% |
| Debtor days | – | 52 | 59 | 62 | 70 |
| Inventory days | – | 50 | 59 | 63 | 70 |
| Payable days | – | 86 | 92 | 89 | 98 |
| Cash conversion cycle (days) | – | 16 | 26 | 36 | 42 |
| Working capital days | – | 43 | 65 | 79 | 91 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 44.10% |
| FIIs | 21.50% |
| DIIs | 21.63% |
| of which Mutual funds | 14.67% |
| of which Insurance | 5.05% |
| Government | 0.45% |
| Public (non-institutions) | 12.32% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 44.11% | 44.10% | 44.09% | 44.09% | 44.05% | 44.04% | 44.10% | 44.10% |
| Promoter group | % |
|---|---|
| Ambadi Investments Limited | 35.63% |
| M A M Arunachalam | 0.44% |
| Arun Alagappan | 0.39% |
| V Arunachalam | 0.38% |
| Murugappa Educational and Medical Foundation | 0.38% |
| M.a.alagappan | 0.37% |
| Lakshmi Ramaswamy Family Trust (A A Alagammai & Lakshmi Ramaswamy holds shares on behalf of Trust) | 0.36% |
| V Narayanan | 0.35% |
| A Venkatachalam | 0.30% |
| Lakshmi Chockalingam | 0.29% |
| Shambho Trust (M V Subbiah and S Vellayan hold shares) | 0.29% |
| M A MURUGAPPAN HOLDINGS LLP (Formerly, M A Murugappan Holdings Pvt. Ltd). | 0.28% |
| Saraswathi Trust (M V Subbiah, S Vellayan and M V Seetha Subbiah hold shares) | 0.28% |
| Meenakshi Murugappan Family Trust (M M Murugappan and Meenakshi Murugappan hold shares) | 0.26% |
| M M Muthiah Family Trust (M M Murugappan & M M Muthiah holds shares on behalf of Trust) | 0.25% |
| Public holders above 1% | % |
|---|---|
| Smallcap World Fund, INC | 4.31% |
| Nippon Life India Trustee Ltd-a/c Nippon India NIF | 3.90% |
| Motilal Oswal Arbitrage Fund | 2.20% |
| Life Insurance Corporation of India | 1.85% |
| DSP Flexi CAP Fund | 1.33% |
| Franklin Asian Equity Fund | 1.10% |
| NPS Trust A/C - HDFC PF NPS Surakshit Income Fund | 1.02% |
1,03,440 shareholders. Pledged: 0.01% of promoter shares.
Peers in Auto Components & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MOTHERSON | ₹1,62,274 cr | 37.0x | 4.0x | 11.6% | 12.9% | 9.3% | +17.0% | 0.44% |
| BOSCHLTD | ₹1,32,455 cr | 56.0x | 8.9x | 16.5% | 21.7% | 13.4% | +10.3% | 1.14% |
| BHARATFORG | ₹82,736 cr | 117.2x | 8.7x | 7.5% | 10.0% | 14.0% | +9.2% | 0.46% |
| UNOMINDA | ₹61,747 cr | 51.3x | 9.0x | 19.1% | 16.6% | 10.9% | +20.5% | 0.27% |
| SCHAEFFLER | ₹54,960 cr | 43.9x | 8.9x | 21.6% | 27.8% | 18.2% | – | – |
| SONACOMS | ₹48,637 cr | 69.8x | 8.1x | 12.0% | 15.2% | 23.6% | +18.7% | 0.41% |
| TIINDIA | ₹40,369 cr | 66.5x | 5.2x | 9.1% | 23.6% | 9.2% | +15.2% | 0.42% |
| ENDURANCE | ₹31,415 cr | 32.4x | 4.6x | 15.4% | 16.7% | 13.1% | +18.4% | 0.45% |
| EXIDEIND | ₹28,636 cr | 30.7x | 2.1x | 6.7% | 9.7% | 10.3% | +6.1% | 0.60% |
| CRAFTSMAN | ₹28,059 cr | 55.3x | 8.6x | 15.2% | 14.7% | 15.5% | +36.4% | 0.04% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Industrial Systems | ₹6,747 cr | 29.0% | ₹596 cr | 8.8% |
| Engineering | ₹5,612 cr | 24.1% | ₹689 cr | 12.3% |
| Power Systems | ₹5,138 cr | 22.1% | ₹1,114 cr | 21.7% |
| Metal Formed Products | ₹1,603 cr | 6.9% | ₹162 cr | 10.1% |
| Others | ₹1,442 cr | 6.2% | ₹6 cr | 0.4% |
| Mobility | ₹784 cr | 3.4% | ₹20 cr | 2.5% |
| Electric Vehicles | ₹683 cr | 2.9% | ₹-658 cr | -96.3% |
| Gears and Gear Products | ₹517 cr | 2.2% | ₹108 cr | 20.8% |
| Semiconductors | ₹503 cr | 2.2% | ₹-108 cr | -21.5% |
| Medical | ₹209 cr | 0.9% | ₹4 cr | 2.0% |
| Un-allocable | ₹14 cr | 0.1% | ₹0 cr | 0.0% |
| Exceptional Items | ₹0 cr | – | ₹-68 cr | – |
| Share of Profit/(Loss) from Associate/Joint Ventures | ₹0 cr | – | ₹-0 cr | – |
| Discontinued Operations | ₹0 cr | – | ₹0 cr | – |
| Inter Segment Assets/(Liabilities) | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-07 | Dividend | Dividend - Rs 1.50 Per Share |
| 2026-02-10 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2025-07-25 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-02-07 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2024-07-23 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2024-02-13 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2023-07-26 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2023-02-15 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2022-07-20 | Dividend | Dividend - Rs 1.50 Per Sh |
| 2022-02-17 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2021-08-04 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2021-02-22 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2020-07-15 | Other | Annual General Meeting |
| 2020-03-11 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2019-07-08 | Dividend | Dividend - Re 0.75 Per Share |
| 2019-02-14 | Dividend | Interim Dividend - Rs 1.75 Per Share |
| 2018-07-30 | Dividend | Dividend- Re 0.50 Per Share |
| 2018-02-22 | Dividend | Interim Dividend - Rs 1.25 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Steel Strips & Tubes: A leading supplier of Electric Resistance Welded (ERW) and Cold Drawn Welded (CDW) precision tubes to automotive and non-automotive sectors.
- Metal Formed Products: A pioneer and market leader in sheet metal formed components, chains, fine blanked products, door frames, impact beams, windows and guide channels.
- Cycles and Accessories: Leading player in bicycle industry with a range of products including standards, specials, fitness equipment and accessories.
- Others: Others includes industrial sector chains, TMT and other businesses.
| Sector | Consumer Discretionary |
| Industry | Auto Components & Equipments |
| Sub-industry | Auto Components & Equipments |
| Symbol | TIINDIA |
| BSE code | 540762 |
| ISIN | INE974X01010 |
| Face value | ₹1.0 |
| Incorporated | 2008-10-06 |
| Website | https://tiindia.com |
| Plants (India / abroad) | 26 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.