Tube Investments of India Ltd
Tube Investments of India Ltd (TIINDIA)

Tube Investments of India Ltd (TIINDIA)

₹2957.650.83%

Key Stats

₹2957.65
Day's Price Range
₹2957.65
₹1441.95
52-Week Price Range
₹2999
1 Month Return1.67 %
3 Month Return16.63 %
1 Year Return80.11 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 1
67.51
EPS
Rank 1
₹43.45
BVPS
Rank 1
₹159.21
Dividend Yield
Rank 1
0.29%
ROE
Rank 1
19.03%
Price To Book Ratio
Rank 1
18.42
Debt To Asset
Rank 1
0.38

Company Information

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 has manufacturing locations across the country and has 3 product segments namelynamely Engineering Metal Formed Products and Mobility.During FY 2017 Shanthi Gears Ltd SGL a subsidiary of the company renewed its focus on reestablishing 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 Companys 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 greenfield bicycle plant at Punjab with a production capacity of 250000 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 201718 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 majors 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 TIACPLs 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 4223460 representing 2.25 of the Companys 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 201718 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 AntiSlip Chain and a range of ergonomic handlebars. In FY 201920 70 new model bicycles were launched and 53 older models were refreshed. In FY 202021 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 202021 43 new model bicycles were launched and 54 older models were refreshed. In FY 2021 22 Company formed a whollyowned subsidiary TI Clean Mobility Private Limited TICMPL on 12th February 2022 and acquired 70 stake in Cellestial E Mobility Private Limited a manufacturer of Electric Tractors. The assets of threewheeler electric vehicle business were moved from the Company to TICMPL. Further another new Company viz. M/s. Cellestial ETrac Private Limited was incorporated as a wholly owned subsidiary on 25th February 2022. In 202122 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 startup engaged in development of microgas turbine technology and became an associate Company with effect from 24th November 2021.
OrganisationTube Investments of India Ltd
HeadquartersChennai
IndustryMiscellaneous

Indian stocks brokerage services are provided by INDmoney Private Limited. INDmoney Private Limited is carrying out the business of in respect to stock broking activities and also carries out the activities of depository participant. SEBI Registration No. INZ000305337 | SEBI Depository Participant Registration No. IN-DP-690-2022 Depository Participant ID: CDSL 12095500 | Trading and Clearing Member of NSE (90267, M70042) and BSE (6779)

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