AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Sep - One-on-one analyst/investor meetings scheduled for 23 and 28 September 2026.
Source: Bse
Tube Investments of India Limited (TIINDIA)
Mid CapAuto stocks · Mid cap · NSE
Tube Investments of India Limited (TII) is an Indian engineering company with over 75 years of excellence, operating across Engineering, Metal Formed Products, Mobility, and Other Businesses. It has 35+ manufacturing locations and a revenue of $2.6B in 2025-26. TII also has significant subsidiaries in EV, power, and gears.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result14 Aug, 02:18 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -13.8% / mo · RSI oversold · MACD − · near 52W low · sector -2.2pp vs Nifty 500 (3M)
Stock trend: 22
Sector RS: 44
Sector 3M: -7.8% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
TIINDIAD candles · FIT view-29.4%Latest close ₹2113.90 on 2026-10-21
Bar
-2.9%
RSI
25
MACD hist
-8.10
52W pos
1%
2026-10-21O ₹2177.30H ₹2177.30L ₹2100.50C ₹2113.90Vol 3.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
TIINDIANifty AutoNifty 500
- TIINDIA
- -27.3%
- Nifty 500
- -6.5%
- Nifty Auto
- -7.8%
- Vs Nifty 500
- -20.8 pp
Chart stats
21 Oct 2026- From 52W high
- -36.6%
- 52W range position
- 1%
- ATR (14)
- 3.8%
- Volume vs 20D
- 0.58x
- Avg traded value
- ₹120 Cr
- 20D price channel
- ₹2,100.5 - ₹2,617.4
₹3,335.2
₹2,100.5 - ₹3,335.2
₹80.9
Latest completed session
20-session average
37.3% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST34
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +17.1% · PAT -3.0% YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model-75.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -3% YoY · margin compression · Rev +17% YoY
Filed 14 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹6,215 Cr | +17.1% | +0.0% |
| EBITDA | ₹548 Cr | +0.4% | -6.0% |
| Operating margin | 9.0% | -100 bps | +0 bps |
| PAT | ₹294 Cr | -3.0% | +25.6% |
| PAT margin | 4.7% | -98 bps | +96 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 67.00
- P/B
- 5.43
- EV/EBITDA
- 14.47
- Market Cap
- 42005.00Cr
Profitability
- ROE
- 9.95%
- ROCE
- 17.10%
- ROA
- 5.18%
- Dividend Y
- 0.16%
Growth (CAGR)
- Revenue 5Y
- 30.00%
- EPS 5Y
- 17.00%
- Revenue 3Y
- 15.00%
- EPS 3Y
- -11.00%
Balance Sheet
- Debt/Equity
- 0.10
- Interest Coverage
- 36.44×
- Altman Z
- 3.94
- Book Value
- 400.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 7/5
- OCF
- 1161.00 Cr
- EPS TTM
- 31.34
Shareholding
- Promoter Hold
- 44.11%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 3%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 6,215+0.0% vs prev
Net Profit
₹ CrLatest: 294+25.6% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 25. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~15.9% over last month) — short-term momentum negative.
- RSI(14) at 25 — oversold zone; bounce conditions.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
5
RS percentile
Stage 4 Downtrend
1M return
-18.3%
3M return
-27.3%
6M return
-31.5%
1Y return
-32.7%
RS 1D
-1
RS 20D
-13
Sector rank
#9
Industry rank
#14
Stage evidence
- Price is 24.7% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.4%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 71.04-1.67%
RS vs Nifty 50071
Valuation & peers
U-Score 34 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 34 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth12/25
Quality3/20
Balance Sheet9/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
34
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
34/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 9/15 to the score.
- Growth contributes 12/25 to the score.
Main drags
- Fair-value margin of safety is negative at -75.0%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Quality is weaker at 3/20; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
67.0
PB
5.4
EV/EBITDA
14.5
ROE
9.9%
ROCE
17.1%
FCF Yield
—
Debt/Equity
0.1
MoS
-75.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
34
Previous: 34
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-75.0%
Previous: -79.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
34
34
34
34
34
34
34
34
34
34
34
34
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹531.09
-298.0% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹1,208.16
-75.0% MoS
PEG
3.94
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
EXIDEIND
Mid
Exide Industries Limited
Auto Components
match 137
29
33.9
6.0%
-308%
OVERVALUED
MRF
Mid
MRF Limited
Auto Components
match 136
56
21.0
12.5%
+45%
FAIR VALUE
BALKRISIND
Large
Balkrishna Industries Limited
Auto Components
match 133
29
28.2
9.7%
-352%
OVERVALUED
ENDURANCE
Large
Endurance Technologies Limited
Auto Components
match 131
47
34.5
14.9%
+24%
FAIR VALUE
CRAFTSMAN
Small
Craftsman Automation Limited
Auto Components
match 130
28
61.4
12.5%
-53%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-13T11:41:06.501Z
Management commentary snapshot
TII Standalone Q1 FY27 Revenue from Operations grew 17.9% YoY to ₹2,366 Cr, while PBT declined 4.1% YoY to ₹213 Cr. ROIC% increased to 41% from 39% YoY, and FCF/PAT% significantly improved to 109% from 49% YoY.
Standalone revenue growth is positive, and FCF generation is strong. However, PBT declined YoY, indicating margin pressure. Divisional performance is mixed, with Engineering and Mobility showing revenue growth, while Metal Formed Products and Shanthi Gears saw PBIT declines. EV subsidiaries are expanding product lines and market reach.
Current business mix
Shareholding Pattern
Latest issuer-disclosed distribution across 4 reported categories.
Promoter & Promoter Group44.0%
FII22.0%
Domestic Institutions21.0%
Others13.0%
Growth engines
EV Segment Expansion
Montra Electric 3W volume growth, new e-tractor, eSCV variants, and heavy-duty electric trucks with battery swapping are driving new opportunities.
Engineering Division Diversification
Exploring new business opportunities in Drilling, Mining, and Stab Bar Products to expand product offerings.
Mobility Division Retail Transformation
Leading retail transformation through Track and Trail, focusing on premium cycles and accessories.
Industrial Chains Global Reach
Global brand 'Rombo' with presence in 40+ countries and 50%+ exports in special-purpose applications.
Capacity and execution
CG Power EHV Switchgear Facility
Commissioned S3 Unit-II in Pimpalgaon Garudeshwar, Nashik, to meet growing demand for reliable power transmission equipment.
CG Semi OSAT Facility
Commenced commercial production at its G1 Outsourced Semiconductor Assembly and Test facility in Sanand on July 4, 2026.
Tailwinds
Growing Demand for Power Transmission Equipment
CG Power's new EHV switchgear facility was designed to meet this growing demand across domestic and international markets.
Focus on e-Mobility Sustainability
Management's goal to revolutionize e-Mobility in India by producing innovative automobiles that address sustainability and efficiency.
Make in India Initiative
TI Medical's mission is to provide high-quality medical devices globally, driven by the mission of 'Make in India, Make for the World.'
Headwinds
Standalone PBT Decline
Despite revenue growth, standalone PBT decreased by 4.1% YoY in Q1 FY27.
Metal Formed Products PBIT Margin Contraction
PBIT margin for the Metal Formed Products Division declined from 10% in Q1 FY26 to 7% in Q1 FY27.
Shanthi Gears Performance Decline
Shanthi Gears experienced a 14.8% YoY decline in revenue and a significant drop in PBIT from ₹31 Cr to ₹14 Cr.
Risk radar
Margin Pressure
Evident in the standalone PBT decline and the PBIT margin contraction within the Metal Formed Products Division.
Competition in EV Segment
Rapid expansion into various EV sub-segments (3W, tractors, SCV, HCV) implies intense competition from established and new players.
Subsidiary Performance Variability
Significant decline in revenue and PBIT for Shanthi Gears highlights potential risks from inconsistent subsidiary performance.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The investor presentation explicitly provides Q1 FY27 results compared to Q1 FY26, making year-over-year comparison the most direct and relevant for assessing performance trends.
Sector KPIs management disclosed
Standalone Revenue from Operations
Q1 FY27: ₹2,366 Cr, up 17.9% from Q1 FY26: ₹2,007 Cr.
Standalone Profit Before Tax (PBT)
Q1 FY27: ₹213 Cr, down 4.1% from Q1 FY26: ₹222 Cr.
Standalone Return on Invested Capital (ROIC%)
Q1 FY27: 41%, up from Q1 FY26: 39%.
Standalone Free Cash Flow (FCF)/PAT%
Q1 FY27: 109%, up from Q1 FY26: 49%.
Management forward view
Revolutionizing e-Mobility in India
Our goal is to revolutionize e-Mobility in India by producing innovative automobiles that address sustainability and efficiency.
India's Premier Medical Devices Platform
TI Medical's vision is to become India's premier medical devices platform, delivering advanced solutions through innovation and operational excellence.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Standalone PBT Growth | -4.1% YoY | Reversal of PBT decline and sustained growth in subsequent quarters. |
| Metal Formed Products PBIT Margin | 7% (down from 10% YoY) | Improvement in PBIT margin, indicating better operational efficiency or pricing power. |
| Shanthi Gears Revenue and PBIT | Revenue -14.8% YoY, PBIT -54.8% YoY | Stabilization and recovery in revenue and profitability for this subsidiary. |
| EV Segment Market Share and Profitability | Montra Electric 3W achieved significant volume growth; new products launched. | Continued market share gains and clear path to profitability for the expanding EV ventures. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
70Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 43rd percentile within Auto. Main check: financial discipline is weak at 38/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
58 docs text-extracted · 33 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
63rd percentile
overall median 67 · Auto: 43rd pctile, median 74 · Mid: 35th pctile, median 76
Evidence depth
Financial-only
58 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
38
weak · capital discipline
Results
70
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸7 years of positive FCF.
- ▸Debt/equity is 0.10.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸ROCE trend is -4.6%.
- ▸Revenue CAGR is 15% but EPS CAGR is -11%.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Tube Investments of India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Sep
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 16 Sep - CRISIL reaffirmed Tube Investments' ratings: AA+/Stable and A1+ for Rs1,500 crore facilities.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Sep
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Company Ir
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 21 Aug - Acquired 20.65 lakh Shanthi Gears shares for Rs 77.49 crore, raising stake to 73.16%.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 10 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Jul
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 20 Aug - Q1 FY2027 earnings call: standalone revenue Rs2,366 crore, PBT Rs213 crore; consolidated revenue Rs6,215 crore.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 May - One-on-one analyst/investor meeting scheduled for 4 June 2026 at 2:30 PM IST.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.