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    Tube Investments of India Limited

    Murugappa Group maker of precision tubes, auto components, cycles, fitness gear and industrial chains.

    Automobile and Auto Components
    Consumer Discretionary
    View TIINDIA earnings calls
    ₹3,285.6
    +10.39% from avg

    Overview

    Price

    ₹3,285.6

    Market Cap

    ₹54.7k Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1919191919191919
    Reserves1.7k2.3k3.1k3.9k5.1k5.5k7.5k7.7k
    Borrowings4142.0k871726896703705754
    Other Liabilities9324.3k4.9k5.6k7.1k9.6k12.1k12.9k
    Total Liabilities3.1k8.6k8.9k10.3k13.1k15.9k20.3k21.4k
    AssetsFixed Assets1.5k3.4k3.3k3.6k4.4k5.2k6.0k6.2k
    CWIP58152128191381770763895
    Investments1863695427291.4k9311.4k1.0k
    Other Assets1.3k4.7k4.9k5.8k6.9k9.0k12.2k13.3k
    Total Assets3.1k8.6k8.9k10.3k13.1k15.9k20.3k21.4k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating4935962578961.4k6751.2k1.2k
    Cash from Investing-196-246-80-79-850-1.7k-1.6k-4.0k
    Cash from Financing-280-284304-921-756455222.7k
    SummaryCapital Expenditure
    Free Cash Flow310377112658983-148-22-266
    FCF Margin

    Valuation

    Assumptions

    Current — TIINDIA
    Price
    ₹3,286
    EPS (TTM)
    ₹32.91
    PE (TTM)
    99.8
    Profit growth
    -5.5%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (83.8×) and current (99.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹3,286
    vs
    Fair value · 15% return
    ₹832
    75%Overvalued

    At -5.5% growth and a 84× exit, ₹3286 only delivers your return if you pay ₹832. The price is currently baking in 21% growth.

    EPS grows -5.5%/yr for 5 years, then fades to 6% over 2, exits at 84×.

    YearGrowthEPS (₹)
    FY27-5.5%31.10
    FY28-5.5%29.39
    FY29-5.5%27.77
    FY30-5.5%26.25
    FY31-5.5%24.80
    FY320.2% ·fade24.86
    FY336.0% ·fade26.36

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Tube Investments of India Limited

    Guides on how to read this kind of business and the numbers that matter.