TrueCAGR

Tube Investments of India Ltd

NSE: TIINDIABSE: 540762ISIN INE974X01010Face value ₹1consolidated
₹2,339
−1.46% · 2026-10-01 · 52-wk ₹2,189–₹3,308
Financials to FY2026 · 8 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis

What stands out?

The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.

StrengthConcernWatchContext
WatchTalking point

Profit lagging revenue

Revenue grew 17.4% but profit grew 6.1%, so the company kept less of each rupee of revenue as profit.

Revenue growth+17.4%Net profit growth+6.1%

Importance 65 / 95 · growth

ConcernTalking point

Capital efficiency slipping

ROCE has fallen for 3 consecutive years, from 32.3% to 17.4%.

Importance 59 / 95 · profitability

ConcernTalking point

Returns at a multi-year low

ROE of 10.2% is the lowest in 7 years (prior range 14.1% to 31.8%).

Importance 59 / 95 · profitability

WatchTalking point

Volatile earnings

Profit has swung sharply over 7 years (from ₹251 to ₹1,723) — one year is a weak guide to the earnings power.

Importance 58 / 95 · growth

Section 03 · The company

Who is this company?

Classified by the exchange under Consumer Discretionary › Automobile and Auto Components › Auto Components › Auto Components & Equipments.

Market cap
₹45,275 cr
FY2026 revenue
₹22,847 cr
FY2026 net profit
₹1,118 cr
Net worth
₹14,202 cr
Total debt
₹392 cr
EPS (basic)
₹57.76
Listed
NSE · BSE
Reporting
Ind-ASApr–Mar

Peer set used on this page: 5 auto components & equipments.

Section 04 · Business performance

Is the business growing?

Revenue & net profit — FY19 to FY26₹ crore · consolidated
₹'000 cr08152330012REVENUENET PROFIT6k251FY195k313FY206k305FY2113k991FY2215k1,325FY2317k1,723FY2419k1,054FY2523k1,118FY26
RevenueNet profit
Watch

Revenue grew 17.4% but profit grew 6.1%, so the company kept less of each rupee of revenue as profit.

Rule PROFIT_SLOWER_THAN_REVENUE

Revenue growth per year
+21.7%over 7 years
Revenue growth
+17.4%vs last year
Net profit growth
+6.1%vs last year
Change in net profit since FY19
+346%

Profit has swung sharply over 7 years (from ₹251 to ₹1,723) — one year is a weak guide to the earnings power.

Revenue compounded at 21.7% a year over 7 years (₹5,775 → ₹22,847) — though FY2022 saw a one-off step-change of 106% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.

Revenue grew 17.4% year on year (FY2025 → FY2026).

Section 05 · Recent activity

What changed recently?

Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.

Strength

Q1 FY27 revenue was ₹6,215 cr, up 17.1% from ₹5,309 cr in Q1 FY26 a year earlier.

Rule QTR_REVENUE_GROWTH_YOY

Strength

Q1 FY27 revenue of ₹6,215 cr is the highest of the 16 quarters on record for this company.

Rule QTR_REVENUE_AT_RECORD

Strength

Q1 FY27 net profit was ₹294 cr, up 25.6% from ₹234 cr in the previous quarter (Q4 FY26).

Rule QTR_PROFIT_SEQUENTIAL_CHANGE

A. Quarterly results

Latest quarters — Q2 '25 to Q1 '27₹ crore · consolidated
₹'000 cr02457000REVENUENET PROFIT5k299Q2 '255k280Q3 '255k158Q4 '255k303Q1 '266k302Q2 '266k279Q3 '266k234Q4 '266k294Q1 '27
RevenueNet profit
QuarterRevenueYoYNet profitYoYNet margin
Q2 FY254,925—299—6.1%
Q3 FY254,812+14.7%280−66.0%5.8%
Q4 FY255,150+14.7%158−41.7%3.1%
Q1 FY265,309+16.0%303−3.3%5.7%
Q2 FY265,523+12.1%302+1.0%5.5%
Q3 FY265,801+20.5%279−0.4%4.8%
Q4 FY266,215+20.7%234+47.9%3.8%
Q1 FY276,215+17.1%294−3.0%4.7%

B. TTM snapshot

Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters

Revenue
₹23,754 crTTM
EBITDA
₹2,687 crTTM
EBIT
₹1,992 crTTM
PBT
₹1,863 crTTM
Net profit
₹1,109 crTTM

C. Corporate actions

7 Aug 2026DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
10 Feb 2026DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
25 Jul 2025DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
7 Feb 2025DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
23 Jul 2024DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
13 Feb 2024DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
26 Jul 2023DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
15 Feb 2023DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
20 Jul 2022DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
17 Feb 2022DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
4 Aug 2021DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
22 Feb 2021DividendInterim Dividend - Rs. - 2.0000 — ₹2.00/share
11 Mar 2020DividendInterim Dividend - Rs. - 3.5000 — ₹3.50/share
8 Jul 2019DividendFinal Dividend - Rs. - 0.7500 — ₹0.75/share
14 Feb 2019DividendInterim Dividend - Rs. - 1.7500 — ₹1.75/share
30 Jul 2018DividendFinal Dividend - Rs. - 0.5000 — ₹0.50/share
22 Feb 2018DividendInterim Dividend - Rs. - 1.2500 — ₹1.25/share
Section 06 · Business performance

Is it becoming more profitable?

Margins — FY19 to FY26% of revenue · consolidated
0%5%10%15%11.6%4.8%FY19FY20FY21FY22FY23FY24FY25FY26
EBITDA marginNet margin
Concern

ROCE has fallen for 3 consecutive years, from 32.3% to 17.4%.

Rule ROCE_DECLINING_STREAK

EBITDA margin now
11.6%
8-year range
10.4–13.6%
ROE FY2026
10.2%
ROCE FY2026
17.4%

ROE of 10.2% is the lowest in 7 years (prior range 14.1% to 31.8%).

ROE declined from 14.6% to 10.2% year on year.

Section 07 · Financial health

Is financial health improving?

Net worth — FY19 to FY26₹ crore · consolidated
₹'000 cr0713202kFY192kFY203kFY214kFY225kFY237kFY248kFY2514kFY26
Net worth (shareholders' funds)
Strength

Net worth compounded at 37.0% a year over 7 years (₹1,572 → ₹14,202) — though FY2026 saw a one-off step-change of 85% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.

Rule NET_WORTH_COMPOUNDING

Operating cash flow vs net profit₹ crore · FY21–FY26
0k1k1k2k412305FY21877991FY221k1kFY236752kFY241k1kFY251k1kFY26
Operating cash flowNet profit
Total debt
₹392 cr
Operating cash flow ÷ net profit
1.04×FY2026
Free cash flow
₹−266 cr
Current ratio
1.87×
Section 08 · Relative position

How does it compare with peers?

Ranked against 5 auto components & equipments (FY2026, consolidated). No peer-relative rule fired for this company.

Revenue growth

TIINDIA · 1st of 5 · set median 10.9%

TIINDIA17.4%BHARATFORG11.2%MOTHERSON10.9%BOSCHLTD10.8%EXIDEIND4.4%

EBITDA margin

TIINDIA · 3rd of 5 · set median 11.6%

BHARATFORG18.6%BOSCHLTD17.5%TIINDIA11.6%EXIDEIND11.0%MOTHERSON9.7%

Return on equity

TIINDIA · 3rd of 5 · set median 10.2%

BOSCHLTD19.4%BHARATFORG11.6%TIINDIA10.2%MOTHERSON10.1%EXIDEIND6.2%

P/E ratio

TIINDIA · 3rd of 5 · set median 40.8×

MOTHERSON36.5×EXIDEIND37.1×TIINDIA40.8×BOSCHLTD56.9×BHARATFORG81.9×
P / E
40.8×TTM to Jun 26
P / B
3.2×latest book
P / S
1.9×TTM sales
Earnings yield
2.4%TTM to Jun 26

On the trailing twelve months. Last full year: P/E 40.5× · P/S 1.9× · ROE 10.2%.

Section 09 · The stock

How has the stock performed?

Adjusted close — 2020-01 to 2026-10₹ per share · split / bonus adjusted
0k4k₹2,3392020202120222023202420252026
Context

Over 5 years profit compounded at 29.7% a year while the stock returned 11.0% a year — but FY2021 profit (₹305) was well below the through-cycle level (~₹1,023), so this rate is inflated by the recovery from a low base.

Rule STOCK_LAGGED_EARNINGS · recovery

Business vs stock — 5-year compound annual rate
Net profit29.7%/yrShare price11.0%/yr
1-year return
−24.2%
3-year return
−21.7%
5-year return
+68.7%
From 52-wk high
−29.3%
Section 10 · Technical data

What does the technical data say?

Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.

vs 50-day avg
Below₹2,715
vs 200-day avg
Below₹2,741
RSI (14)
22.1oversold
MACD histogram
-19.3
From 52-wk high
−29.3%
From 52-wk low
+6.8%
30-day volatility
18.0%ann.
6-month return
−7.1%
RSI (14) · 0–10022.1 — oversold
0305070100OVERSOLDOVERBOUGHT22.1
Section 11 · Open questions

What should I investigate further?

Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.

  • Watch
    Profit lagging revenue
    Revenue grew 17.4% but profit grew 6.1%, so the company kept less of each rupee of revenue as profit.
    PROFIT_SLOWER_THAN_REVENUE · conviction 65
  • Concern
    Capital efficiency slipping
    ROCE has fallen for 3 consecutive years, from 32.3% to 17.4%.
    ROCE_DECLINING_STREAK · conviction 59
  • Concern
    Returns at a multi-year low
    ROE of 10.2% is the lowest in 7 years (prior range 14.1% to 31.8%).
    ROE_AT_MULTI_YEAR_LOW · conviction 59
  • Watch
    Volatile earnings
    Profit has swung sharply over 7 years (from ₹251 to ₹1,723) — one year is a weak guide to the earnings power.
    EARNINGS_VOLATILE · conviction 58
  • Concern
    Returns declining
    ROE declined from 14.6% to 10.2% year on year.
    ROE_DETERIORATED_YOY · conviction 45
  • Watch
    Unusual tax rate
    Effective tax rate of 39.7% (FY2026) is well above the ~25% corporate norm — a one-off tax item may be flattering or depressing reported profit.
    EFFECTIVE_TAX_UNUSUAL · conviction 39
  • Cash-flow-statement facts are unavailable for FY2019, FY2020 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
Section 12 · Reference

The numbers

The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.

Income & balance sheet — ₹ crore, consolidated
MetricFY19FY20FY21FY22FY23FY24FY25FY26
Revenue5,7754,7506,08312,52514,96516,89019,46522,847
Total income5,8284,8136,19512,63415,10817,14219,83623,235
EBITDA5986417461,5422,0312,2012,2202,645
Profit before tax3864034121,1551,6011,6831,6541,851
Net profit2513133059911,3251,7231,0541,118
EPS (₹)12.916.315.139.958.162.134.857.8
Net worth1,5721,8062,5083,7254,9566,7457,69214,202
Total debt5082691,326804629740443392
Operating cash flow——4128771,3866751,2131,161
Free cash flow——412640983−1487−266
Key ratios — consolidated
RatioFY19FY20FY21FY22FY23FY24FY25FY26
Growth
Revenue growth YoY—-17.728.1105.919.512.915.217.4
Profit growth YoY—24.9-2.7225.333.730.0-38.86.1
Profitability
EBITDA margin %10.413.512.312.313.613.011.411.6
Net margin %4.36.54.97.88.810.05.34.8
Return on equity %16.018.514.131.830.529.414.610.2
Return on capital %21.021.916.828.532.326.622.117.4
Leverage & cash
Debt to equity0.320.150.530.220.130.110.060.03
Cash flow ÷ profit——1.350.891.050.391.151.04
Current ratio1.071.120.730.981.451.631.811.87
Financials: BSE Integrated Filing inline XBRL (SEBI taxonomy), normalised to standard metric keys. Prices: NSE end-of-day, raw OHLC preserved; a corporate-action factor produces the adjusted series. The insight engine writes factual observations from fixed rules — it does not make recommendations. Not investment advice.