Tube Investments of India logo

Tube Investments of India share price

NSE: TIINDIABSE: 540762Auto ComponentsMid Cap

Tube Investments of India Limited · Face value ₹1 · Listed Nov 2017
Last close ₹2,135.00up ₹30.00 (1.43%)BSE ₹2,142.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹2,105.00.

28 Oct: open ₹2,097.00, high ₹2,146.00, low ₹2,079.90

52-week range of traded prices to 28 Oct 2026
₹2,005.20Low, 23 Oct 2026₹3,335.20High, 24 Jun 2026
Market cap
₹41,328 Cr193rd largest listed
P/E
68.14
P/E without one-offs
61.45
P/B
5.33
Dividend yield
0.16%
ROE
9.1%
ROE without one-offs
10.1%
ROCE
10.7%
Debt to equity
0.03
Volume, NSE
1,62,59539.1% delivered

Tube Investments of India share price chart

Daily closes since Nov 2017, adjusted for splits and bonuses

−31.7%over a year

Results20-session average 6,00,334 shares a day, 52.4% delivered

About Tube Investments of India

Tube Investments of India Limited is a manufacturer based in Chennai, with plants across India.1 It makes precision steel tubes, cold-rolled steel strips, automotive chains, car door frames and railway coach parts for vehicle makers and industrial customers, and bicycles and fitness equipment sold through dealers and retailers, mainly in India.23 Through its subsidiaries it also works in power and industrial systems, electric vehicles, gears, semiconductors and medical products.4

CG Power and Industrial Solutions Limited, a subsidiary acquired in 2020 in which the company holds 56.29%, makes transformers, switchgear and electric motors.56 TI Clean Mobility Private Limited, 99.99% owned and set up in February 2022, makes electric three-wheelers, tractors, heavy trucks and small commercial vehicles under the Montra Electric brand, partly through its own subsidiaries.789 Other subsidiaries include Shanthi Gears Limited, which makes gears and gearboxes, TI Medical Private Limited, which makes sutures, staplers and other surgical products, and 3xper Innoventure Limited, which provides contract chemistry development and manufacturing to pharmaceutical, speciality, nutrition and agro companies.101112

The company was incorporated in 2008 and took its present form in 2017 through a scheme of arrangement (a formal restructuring) that included a demerger.4 Its executive chairman, M A M Arunachalam, is a senior member of the Murugappa family, and its promoter group held 44% of the shares in June 2026, including 36% through Ambadi Investment Limited.1314

Tube Investments of India key points

Results

  • Consolidated revenue (the company with its subsidiaries) was ₹6,215 crore in the quarter to Jun 2026, against ₹5,309 crore a year earlier. Profit before tax, one-off items and the share of joint ventures was ₹461 crore, against ₹449 crore.15
  • In the year to Mar 2026, consolidated sale of products, before other operating revenue, was ₹22,221.18 crore, against ₹18,915.14 crore a year earlier. Profit after tax, excluding discontinued operations, was ₹1,116.27 crore, against ₹1,054.29 crore.1617
  • On a standalone basis (the company alone), revenue was ₹2,366 crore in the quarter to Jun 2026, against ₹2,007 crore, and profit before tax, one-off items and fair value gains was ₹213 crore, against ₹222 crore.1819
  • CG Power and Industrial Solutions reported consolidated revenue of ₹3,281 crore in the quarter to Jun 2026, against ₹2,878 crore, and profit before tax of ₹423 crore, against ₹364 crore.20

Business segments

  • Consolidated revenue by segment, including sales between segments and other operating revenue214
    Itemyear to Mar 2026year to Mar 2025
    Industrial Systems₹6,747.04 crore₹6,375.81 crore
    Engineering₹5,612.28 crore₹5,028.73 crore
    Power Systems₹5,138.18 crore₹3,509.71 crore
    Metal Formed Products₹1,602.94 crore₹1,564.80 crore
    Others, including industrial chains₹1,441.76 crore₹1,369.63 crore
    Mobility₹783.50 crore₹671.65 crore
    Electric Vehicles₹682.87 crore₹540.66 crore
    Gear and Gear Products₹517.38 crore₹603.46 crore
    Semiconductors₹502.77 crore–
    Medical₹208.87 crore₹194.63 crore

Electric vehicles

  • The electric vehicle segment had an operating loss of ₹638.52 crore in the year to Mar 2026, against ₹411.69 crore a year earlier.21
  • The company puts its Montra Electric trucks at a 30% share of the electric heavy truck market.22
  • Montra Electric's small commercial vehicles had the second largest volumes in the 2 to 3.5 tonne electric segment in the quarter to Mar 2026, a 27% market share.23

Where revenue comes from

  • Exports were around 14% of the company's standalone revenue in the year to Mar 2026, mainly tubes and industrial chains sold to Asia, Europe and the USA.3
  • In the tube business, exports were about 17% of sales in the year to Mar 2026, with Asia-Pacific, Europe and North America the main markets.24
  • About a third of the industrial chains business's turnover comes from abroad; its Rombo brand is sold in more than 40 countries, with a warehouse in the USA.2526

Plants and capacity

  • The engineering division, which makes precision steel tubes and cold-rolled steel strips, has plants at Avadi and Tiruttani in Tamil Nadu, Shirwal, Phaltan and Nashik in Maharashtra, and Mohali and Rajpura in Punjab; the Phaltan plant, near Pune, began production in August 2025.2724
  • Bicycles are made in Chennai and Rajpura and sold through more than 10,000 dealers.28
  • TI Medical's plant in Dehradun ran at close to 100% of capacity for 3 consecutive months in the year to Mar 2026; TI Medical serves over 17,000 hospitals in India and abroad.29

Expansion and capital spending

  • On its earnings call of 17 Aug 2026, the company said it plans capital spending of about ₹350 crore in the year to Mar 2027, and about ₹100 crore at Shanthi Gears.30
  • The company stated in its annual report for the year to Mar 2026 that a second 3xper plant, with 200 kilolitres of reaction volume (the combined volume of its reactor vessels), was under construction and scheduled for completion in the year to Mar 2027.12

What the company expects

  • On its earnings call of 17 Aug 2026, the company said it expects to recover steel cost increases in full, including the quarter to Jun 2026, as it gets price increases from customers with a lag of sometimes 2 or 3 quarters.3115
  • On its earnings call of 17 Aug 2026, the company said it expects TI Medical's revenue to grow about 20% a year, with profit.32
  • On its earnings call of 17 Aug 2026, the company said it expects to put about ₹750 crore in all into its new ventures and subsidiaries over time, having put ₹250 crore into TI Clean Mobility in the quarter to Mar 2026.3334

Recent events

  • On 29 Sep 2026, the company agreed to invest about ₹250 crore more in TI Clean Mobility through compulsorily convertible preference shares (shares that must later turn into ordinary shares), to scale up its electric vehicle businesses.3536
  • On 21 Aug 2026, the company bought a further 2.69% of Shanthi Gears Limited in a block deal (a single large trade on the exchange) for about ₹77.49 crore, raising its holding from 70.46% to 73.16%.3738
  • In April 2026, the company bought 76.24% of Orange Koi Private Limited, a maker of precision parts for medical and defence uses, for ₹35 crore; it became a subsidiary on 6 Apr 2026.3940

Last updated

All 40 sources, each with its page
  1. 1. Annual report, 10 Jul 2026, page 112
  2. 2. Annual report, 10 Jul 2026, page 45
  3. 3. Annual report, 10 Jul 2026, page 74
  4. 4. Annual report, 10 Jul 2026, page 175
  5. 5. Annual report, 10 Jul 2026, page 46
  6. 6. Investor presentation, 21 Aug 2026, page 36
  7. 7. Annual report, 10 Jul 2026, page 58
  8. 8. Investor presentation, 21 Aug 2026, page 30
  9. 9. Investor presentation, 21 Aug 2026, page 34
  10. 10. Investor presentation, 21 Aug 2026, page 43
  11. 11. Investor presentation, 21 Aug 2026, page 46
  12. 12. Annual report, 10 Jul 2026, page 34
  13. 13. Annual report, 10 Jul 2026, page 41
  14. 14. Investor presentation, 21 Aug 2026, page 10
  15. 15. Earnings call, 17 Aug 2026, page 4
  16. 16. Annual report, 10 Jul 2026, page 44
  17. 17. Annual report, 10 Jul 2026, page 229
  18. 18. Earnings call, 17 Aug 2026, page 3
  19. 19. Investor presentation, 21 Aug 2026, page 11
  20. 20. Investor presentation, 21 Aug 2026, page 42
  21. 21. Annual report, 10 Jul 2026, page 229
  22. 22. Annual report, 10 Jul 2026, page 32
  23. 23. Annual report, 10 Jul 2026, page 31
  24. 24. Annual report, 10 Jul 2026, page 27
  25. 25. Annual report, 10 Jul 2026, page 30
  26. 26. Investor presentation, 21 Aug 2026, page 27
  27. 27. Investor presentation, 21 Aug 2026, page 14
  28. 28. Investor presentation, 21 Aug 2026, page 23
  29. 29. Annual report, 10 Jul 2026, page 33
  30. 30. Earnings call, 17 Aug 2026, page 12
  31. 31. Earnings call, 17 Aug 2026, page 7
  32. 32. Earnings call, 17 Aug 2026, page 5
  33. 33. Earnings call, 17 Aug 2026, page 10
  34. 34. Annual report, 10 Jul 2026, page 69
  35. 35. Exchange filing, 29 Sep 2026, page 1
  36. 36. Exchange filing, 29 Sep 2026, page 2
  37. 37. Exchange filing, 21 Aug 2026, page 1
  38. 38. Exchange filing, 21 Aug 2026, page 2
  39. 39. Exchange filing, 14 Aug 2026, page 5
  40. 40. Investor presentation, 21 Aug 2026, page 49

Results

Consolidated; ₹ crore.Tube Investments of India quarterly results

Revenue growth, 12 months
+17.6%
Net profit growth, 12 months
−6.1%

Quarter to Jun 2026, against the quarter before

Revenue
₹6,215 Crup 0.01%
Net profit
₹294 Crup 25.62%
Net margin
4.7%

Revenue by quarter

₹4,925 CrSep 24₹4,812 CrDec 24₹5,150 CrMar 25₹5,309 CrJun 25₹5,523 CrSep 25₹5,801 CrDec 25₹6,215 CrMar 26₹6,215 CrJun 26
Peak revenue ₹6,215 Cr, quarter to Jun 2026; lowest ₹4,812 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹299 CrSep 24₹280 CrDec 24₹158 CrMar 25₹303 CrJun 25₹302 CrSep 25₹279 CrDec 25₹234 CrMar 26₹294 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,9254,8125,1505,3095,5235,8016,2156,215
Net profit299280158303302279234294
Net margin6.1%5.8%3.1%5.7%5.5%4.8%3.8%4.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Industrial Systems₹6,747 Crup 5.82%29.0%
  • Engineering₹5,612 Crup 11.60%24.2%
  • Power Systems₹5,138 Crup 46.40%22.1%
  • Metal Formed Products₹1,603 Crup 2.44%6.9%
  • Mobility₹784 Crup 16.65%3.4%
  • Electric Vehicles₹683 Crup 26.30%2.9%
  • Gears and Gear Products₹517 Crdown 14.26%2.2%
  • Semiconductors₹503 Cr2.2%
  • Medical₹209 Cr0.9%
  • Others₹1,442 Crup 5.27%6.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2023: days before it are of the company before the change.Tube Investments of India PE ratio and valuation

Price to earnings

At or below today's level on 17% of 1,112 trading days over the last 5 years.

LowestHighest
Its median79.03Industry median23.34
Price to book

At or below today's level on 18% of 1,977 trading days since Nov 2018.

LowestHighest
Its median10.56Industry median2.73
Dividend yield

At or below today's level on 50% of 2,171 trading days since Jan 2018.

LowestHighest
Its median0.16%Industry median0.60%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−9.0%−5.5%−3.8%0.1%
3 years−0.3%−12.7%+14.1%0.1%
5 years+16.2%+16.8%−0.6%0.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2021, Mar 2023 and Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Tube Investments of India shareholding pattern

Shareholding by group

  • Promoters44.10%
  • Foreign institutions21.50%
  • Indian institutions21.63%
  • Governments0.45%
  • Individuals and others12.32%
Holder
AMBADI INVESTMENTS LIMITEDPromoter35.63%
SMALLCAP WORLD FUND, INCForeign portfolio investors, category I4.31%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies1.85%
NPS TRUST A/C - HDFC PF NPS SURAKSHIT INCOME FUNDProvident and pension funds1.02%
M A M ARUNACHALAMPromoter0.44%
ARUN ALAGAPPANPromoter0.39%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 0.01% of their shares. Since Jun 2026: promoters +0.17 pts, foreign institutions −0.84 pts, Indian institutions +0.61 pts, mutual funds +0.52 pts.

Mutual fund holdings

198 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 103 of the 126 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 198 funds holding Tube Investments of India

Bought for the first time
1
Bought again
2
Added
79
Cut
47
Held unchanged
68
Sold out
6
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Tube Investments of India insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 35 pledge filings of unclear kind
  • Others: no market trade · 20 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Tube Investments of India competitors and peers

Auto Components & Equipments, 155 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Tube Investments of India in market cap.Automobile companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Bharat Forge logoBharat ForgeBHARATFORG86,006121.789.00+17.5%−30.9%7.5%11.9%0.48%
UNO Minda logoUNO MindaUNOMINDA63,51652.839.30+18.8%+16.2%19.1%15.9%0.24%
Schaeffler India logoSchaeffler IndiaSCHAEFFLER56,82643.279.24+22.7%+23.3%22.7%26.5%0.96%
Sona BLW Precision Forgings logoSona BLW Precision ForgingsSONACOMS54,88974.028.55+43.1%+21.0%12.2%13.8%0.39%
Endurance Technologies logoEndurance TechnologiesENDURANCE32,33333.344.73+29.3%+12.9%15.4%15.5%0.50%
Dhoot Transmission logoDhoot TransmissionDHOOTTRANS31,308––––––0.00%
Exide Industries logoExide IndustriesEXIDEIND30,07732.282.16+7.6%+9.9%6.7%9.1%0.57%
Craftsman Automation logoCraftsman AutomationCRAFTSMAN28,80654.635.23+35.9%+119.6%12.3%10.6%0.10%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Tube Investments of India dividend history

Dividend per share, ₹, restated for later splits and bonuses

1.8Mar 182.5Mar 193.5Mar 203.5Mar 213.5Mar 223.5Mar 233.5Mar 243.5Mar 253.5Mar 26
Highest ₹3.50 a share, in 7 years, the latest the year to Mar 2026.
Ex-dateTypePer share
7 Aug 2026Final₹1.50
10 Feb 2026Interim₹2.00
25 Jul 2025Final₹1.50
7 Feb 2025Interim₹2.00
23 Jul 2024Final₹1.50
13 Feb 2024Interim₹2.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Tube Investments of India announcements

Tube Investments of India share price by year

Each calendar year to 2025.Tube Investments of India share price history

YearClose at year endChangeHighest closeLowest close
20252,614.10−26.9%3,672.452,462.15
20243,576.25+1.0%4,716.603,389.15
20233,541.65+27.6%3,895.852,419.45
20222,775.55+58.2%3,017.351,461.55
20211,754.80+119.1%1,757.40756.80
2020800.85+66.3%854.50258.80
2019481.60+35.2%498.45324.50
2018356.25+32.2%356.25212.15
2017269.55–293.50243.05
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 2 Nov 2017.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20262,085.202,119.102,067.802,105.002,104.573,30,52149.2%
26 Oct 20262,081.702,110.802,055.002,085.202,085.344,59,49753.9%
23 Oct 20262,088.002,088.002,005.202,080.002,048.535,01,18151.7%
22 Oct 20262,110.002,114.802,053.402,100.002,082.126,45,03551.4%
21 Oct 20262,177.302,177.302,100.502,113.902,123.892,96,62352.6%
19 Oct 20262,203.602,239.902,160.002,170.002,191.431,93,26443.6%
16 Oct 20262,190.002,222.802,163.602,197.302,196.746,55,32155.2%
15 Oct 20262,220.002,225.102,167.502,184.602,193.524,75,99752.3%
14 Oct 20262,192.002,242.102,161.502,220.502,220.0112,33,90864.9%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Murugappan Arunanachalammurugappan Arunachalam
At the end of the quarter to Jun 2026
Managing director
Mukesh Ahuja
At the end of the quarter to Jun 2026
NSE symbol
TIINDIA
BSE code
540762
ISIN
INE974X01010
Industry
Auto Components
CIN
L35100TN2008PLC069496
Corporate identity number, the registrar of companies' code for it
Incorporated
2008
Registered office
Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai 600032, Tamil Nadu
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments