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Tube Investments of India Ltd Performance

Today's Low
3,550.00
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Today's High
3,550.00
52 Wk Low
2,485.00
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52 Wk High
4,125.00


Open

3550

Traded Value (Cr)

17.57 L

Prev. Close

3521.6

VWAP

3509.47

Volume

2,77,306

Face Value

1

Tube Investments of India Ltd Fundamentals

Market Cap
₹ 67,537 Cr
P/E Ratio (TTM)
106.60
P/B Ratio
15.27
Debt to Equity
0.19
ROE
23.18 %
EPS (TTM)
32.76
Dividend Yield
0.10%
Book Value
228.76

Click here to know more about Fundamentals

Tube Investments of India Ltd Financials

Tube Investments of India Ltd Financials

Tube Investments of India Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 45.10 % 46.11 % 46.13 % 46.21 %
FII 28.82 % 30.42 % 29.27 % 28.91 %
Mutual Funds 10.19 % 9.14 % 10.54 % 10.34 %
Retail 8.49 % 8.50 % 8.58 % 8.79 %
Others 7.39 % 5.83 % 5.48 % 5.74 %

Promoters

45.10%

FII

28.82%

Mutual Funds

10.19%

Retail

8.49%

Others

7.39%

Promoters

46.11%

FII

30.42%

Mutual Funds

9.14%

Retail

8.50%

Others

5.83%

Promoters

46.13%

FII

29.27%

Mutual Funds

10.54%

Retail

8.58%

Others

5.48%

Promoters

46.21%

FII

28.91%

Mutual Funds

10.34%

Retail

8.79%

Others

5.74%

Resistance and Support

₹3,730.33

PIVOT

resistance-arrow
Resistance
First Resistance₹3,785.667
Second Resistance₹3,827.383
Third Resistance₹3,882.717
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Support
First Resistance₹3,688.617
Second Resistance₹3,633.283
Third Resistance₹3,591.567
RSI33.821
MACD-44.504
ADX18.142
CCI-82.221

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day277,306224,13880.83
Week164,014160,89278.81
1 Month179,849122,25663.45
6 Months201,810201,810100.00

About Tube Investments of India Ltd

Tube Investments of India Limited was originally incorporated as TI Financial Holdings Limited on 6th October 2008 under the Companies Act, 1956, as a wholly owned subsidiary of erstwhile Tube Investments of India Limited (Demerged Company). Pursuant to the Scheme of Arrangement approved by NCLT, the Manufacturing Business Undertaking of the Demerged Company was vested in/transferred to the Company with effect from 1st August 2017, being the appointed date, 1st April 2016 and the name of the Company was changed to 'Tube Investments of India Limited'. The Company operate manufacturing plants across the country and has 4 product segments, Engineering, Metal Formed Products, Gear and Gear Products and Mobility. During FY 2017, Shanthi Gears Ltd (SGL), a subsidiary of the company, renewed its focus on re-establishing itself in the market and gaining new customers. TI Tsubamex Private Limited' (TTPL) focus during the year was in setting up the manufacturing system and establishing a vendor base for supply of castings with rough machining. Tube Investments invested an aggregate Rs.10 Cr. in the equity share capital of TI Absolute Concepts Private Limited (TIACPL), with the joint venture partner also making an equal contribution as envisaged under the Joint Venture Agreement. The Company's Large Diameter Tube manufacturing plant got stabilized during the FY 2017. The Company continues to invest in facilities with a view to servicing its customers in a more timely and efficient manner, modernizing its assets and aims to be the best in class. The new green-field bicycle plant at Punjab with a production capacity of 2,50,000 bicycles per month was inaugurated during the year. The Company also started construction of a new plant in Rajpura, Punjab to manufacture precision tubes. During FY 2017-18, TTPL completed and delivered varied projects for different auto OEMs and their Tier 1 suppliers. The highlight was delivery of skin panel dies for an auto major's new project. The company was able to attract, recruit and train tool & die engineers from reputed polytechnics such as Nettur Technical Training Foundation (NTTF) and Murugappa Polytechnic. During FY 2018, the Company had invested in the aggregate Rs. 3.75 Cr. in the equity share capital of TIACPL, with the joint venture partner also making an equal contribution as envisaged under the Joint Venture Agreement. The Company presently holds 50% of TIACPL's equity capital. Ciclo Cafes operated by TIACPL are functioning at Kotturpuram (Chennai), Hyderabad and Bengaluru. Further, consequent to the demerger, sanctioned by the National Company Law Tribunal, Chennai vide its Order dated 17th July, 2017 and effective 1st April 2016, the Appointed Date under the Scheme of Arrangement (Demerger), Cholamandalam Investment and Finance Company Limited ceased to be an Associate of the Company, Cholamandalam MS General Insurance Company Limited ceased to be subsidiary of the Company and Cholamandalam MS Risk Services Limited ceased to be the Joint Venture of the Company. The Company established a Global Depository Receipts ('GDR') Programme by executing a Depository Agreement on 29th January, 2018 with Bank of New York Mellon, New York, USA ('BNYM') pursuant to which BNYM acts as the Depository for the GDRs issued in respect of 42,23,460 (representing 2.25% of the Company's paid up capital) underlying equity shares of the Company allotted pursuant to the Scheme of Arrangement for Demerger between TI Financial Holdings Limited (formerly Tube Investments of India Limited - Demerged Company) and the Company (the Resulting Company). On 9 March 2018, the Group acquired 80% shares in Great Cycles (Private) Limited and Creative Cycles (Private) Limited, bicycle and component manufacturing companies based out of Sri Lanka for a consideration of Rs.16.98 Cr. (USD 2.61 Million) and Rs.6.47 Cr. (USD 0.99 Million) respectively and accounted a capital reserve of Rs.0.38 Cr. The acquisition is part of the Group strategy for securing the backend supply chain in the mass premium and super premium segments of its bicycles business. In 2017-18, 67 new model bicycles were launched and 60 old models were refreshed, contributing to 41% of the turnover from such new products and refreshes. Multiple innovations were introduced for the first time in the industry, notable among them being the Anti-Slip Chain and a range of ergonomic handlebars. In FY 2019-20, 70 new model bicycles were launched, and 53 older models were refreshed. In FY 2020-21, new plant for manufacturing Opto Electronic Products and Solutions at Sri City, in Andhra Pradesh, became operational during the year. The business commenced supplies of optic solution products for Automated Driver Assisted Systems in new generation cars, to overseas customers. It acquired controlling interest in M/s. CG Power and Industrial Solutions Limited and took over its business. In 2020-21, 43 new model bicycles were launched, and 54 older models were refreshed. In FY 2021- 22, Company formed a wholly-owned subsidiary, TI Clean Mobility Private Limited (TICMPL) on 12th February 2022 and acquired 69.95% stake in Cellestial E- Mobility Private Limited, a manufacturer of Electric Tractors. The assets of three-wheeler electric vehicle business were moved from the Company to TICMPL. Further, another new Company viz., M/s. Cellestial E-Trac Private Limited was incorporated as a wholly owned subsidiary on 25th February 2022. In 2021-22, 66 new model bicycles were launched, and 23 models were refreshed. It invested stake in M/s. Aerostrovilos Energy Private Limited (AEPL), a Chennai based start-up engaged in development of micro-gas turbine technology and became an associate Company with effect from 24th November 2021. During 2022-23, the Company acquired remaining 30.04% equity shares on 27th January 2023, making it a wholly-owned subsidiary of the Company. Thereafter, the Company acquired 33,61,902 equity shares representing 67% of the share capital for about Rs 233 Cr. and Premji Invest acquired 16,55,862 equity shares representing 33% of the share capital for about Rs 115 Cr. on 10th May 2023. The Company acquired 20,66,628 equity shares representing 76% of the share capital of M/s. Moshine Electronics Private Limited on 23rd September 2022. In 2022-23, 49 new model bicycles were launched, and 55 models were refreshed. 20+ new bicycle models were launched across the segments - City, MTB, Kids and Kits. The Company acquired 65.2% stake in IPLTech Electric Private Limited (IPLTech) a manufacturer of E-M&HCV.

Managing Director

Mukesh Ahuja

Founded

2008

NSE Symbol

TIINDIA

Tube Investments of India Ltd Management

NameDesignation
Vellayan SubbiahExecutive Vice Chairman
Sanjay JohriIndependent Director
K R SrinivasanPresident & Whole-time Dir.
M A M ArunachalamExecutive Chairman
Anand KumarIndependent Director
Sasikala VaradachariIndependent Director
Tejpreet S ChopraIndependent Director
Mukesh AhujaManaging Director
V S RadhakrishnanIndependent Director

Tube Investments of India Ltd News

Volumes soar at Tube Investments of India Ltd counter
Tube Investments of India Ltd clocked volume of 3.55 lakh shares by 10:46 IST on BSE, a 80.8 times surge over two-week average daily volume of 4388 shares
Tube Investments of India Ltd down for fifth straight session
Tube Investments of India Ltd is quoting at Rs 3480, down 1.51% on the day as on 13:19 IST on the NSE. The stock jumped 23.73% in last one year as compared to a 25.87% rally in NIFTY and a 58.69% spurt in the Nifty Auto index.
Tube Investments of India Ltd Falls 1.38%
Tube Investments of India Ltd has lost 9.63% over last one month compared to 9.92% gain in S&P BSE Auto index and 1.62% rise in the SENSEX
Board of Tube Investments of India recommends interim dividend
Of Rs 2 per share
Tube Investments of India consolidated net profit rises 125.70% in the December 2023 quarter
Sales rise 15.31% to Rs 4053.19 crore
Tube Investments of India Ltd spurts 0.69%, gains for fifth straight session
Tube Investments of India Ltd is quoting at Rs 3836, up 0.69% on the day as on 12:44 IST on the NSE. The stock is up 45.14% in last one year as compared to a 20.16% jump in NIFTY and a 44.57% jump in the Nifty Auto.
Tube Investments of India to declare Quarterly Result
On 1 February 2024
Tube Investments of India allots 4,540 equity shares under ESOP
Tube Investments of India Ltd spurts 1.78%, gains for third straight session
Tube Investments of India Ltd is quoting at Rs 3473.5, up 1.78% on the day as on 12:49 IST on the NSE. The stock is up 15.39% in last one year as compared to a 13.1% gain in NIFTY and a 37.51% gain in the Nifty Auto index.
Volumes spurt at Tube Investments of India Ltd counter
Tube Investments of India Ltd notched up volume of 10.09 lakh shares by 10:48 IST on BSE, a 167.69 fold spurt over two-week average daily volume of 6019 shares

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Tube Investments of India Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Tube Investments of India Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Tube Investments of India Ltd's share price is ₹3,550.00 as of April 18, 2024

Tube Investments of India Ltd's P/E ratio is 106.60 times as of April 18, 2024.

Tube Investments of India Ltd's most recent financial reports indicate a price-to-book ratio of 15.27, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Tube Investments of India Ltd's market is 67,538 Cr as on April 18, 2024.

The current financial records of Tube Investments of India Ltd show a 23.18% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Tube Investments of India Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Tube Investments of India Ltd's 52-week high and low as of April 18, 2024 are ₹3550 and ₹3550 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Tube Investments of India Ltd stands at 45.10%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 30.42% to 28.82%.