Tube Investments of India Limited (TII) is one of India's leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. Tube Investments of India Ltd. (TII) is a leading Indian multi-business conglomerate established in 1960. It is headquartered in Chennai, India, and is a part of the Murugappa Group.
Murugappa Group comprises 29 businesses, including 10 listed companies traded on both the NSE and BSE. The company has evolved from its traditional manufacturing roots to become a diversified engineering powerhouse, serving multiple sectors with innovative solutions and maintaining a strong position in the Indian industrial landscape.
The Company's 3 main verticals are Engineering, Metal Formed Products, and Bicycles. The company's business operations are divided into three segments – engineering, metal-formed products, and mobility.
The Engineering segment offers cold rolled steel strips, precision steel tubes, cold drawn welded tubes, electric resistance welded tubes, and tubular components. The engineering business excelled in both the domestic and export markets in FY23, showcasing remarkable performance with its specialized hydraulic cylinders and tubular products catering to both auto and non-auto sectors.
The Metal Formed Products segments provides automotive chains, fine blanked and stamped products, roll-formed car doorframes, and cold rolled formed sections. This division focuses on precision-engineered components that serve the automotive and industrial sectors.
The Mobility segment offers standard bicycles; special bicycles, including alloy bikes; specialty performance bikes; fitness equipment; and electric bicycles, as well as cycling accessories and spare parts. Its popular brands include BSA, Hercules, Montra, Mach City, and TI Cycles.
Industrial Systems (31%): Manufactures Electric Motors, Alternators, Drives, Traction, Electronic & SCADA, etc. for industries such as power, transmission, oil and gas, cement, metals & mining, and railways transportation. This segment represents a significant portion of the company's business operations.
In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry. The company has also made strategic acquisitions to strengthen its market position.
The acquisition of CG Power and Industrial Solutions Limited, a significant producer of motors, transformers, switch gears, and railway parts, marked a substantial leap for the company. This acquisition expanded Tube Investments' scale and scope of its operations.
Tube Investments of India Limited is also engaged in electric vehicles (EVs). Venturing into the EV domain, specifically electric three-wheelers, tractors, and medium & heavy commercial vehicles, marked a pivotal moment for TII. This move transformed the company from being an ancillary and component maker to becoming an original equipment manufacturer (OEM).
The market capitalization of Tube Investments of India Ltd (TIINDIA) is ₹59,344.58 Crore as of June 6, 2025. The 52-week high of Tube Investments of India Ltd (TIINDIA) is ₹4,810.80 and the 52-week low is ₹2,407.10.
Revenue: ₹5,017.29 Crore as on March 2025 (Q4 FY25). Net Profit: ₹158.19 Crore as on March 2025 (Q4 FY25). Net profit of Tube Investments of India declined 75.65% to ₹46.53 Crore in the quarter ended March 2025, as against ₹191.09 Crore during the previous quarter ended March 2024.
The P/E (price-to-earnings) ratio of Tube Investments of India Ltd (TIINDIA) is 88.09. The P/B (price-to-book) ratio is 8.80. Current dividend yield is 0.11%.
Tube Investments' revenue from operations for FY 2023 stood at ₹14,964.73 Crore, up by 20.2%, as compared to ₹12,447.43 Crore in FY22. The net profit after tax for FY23 was ₹1,325.06 Crore compared to ₹991.04 Crore during the previous year.
The promoter of Tube Investments of India Ltd is AMBADI INVESTMENTS LIMITED. AMBADI INVESTMENTS LIMITED owns 35.64% of the total equity. The chairman of the company is M A M Arunachalam, and the managing director is Mukesh Ahuja.
Promoter holding in Tube Investments of India Ltd has gone down to 44.11% as of March 2025 from 45.05% as of June 2024.
FY 2023-2024 proved to be a remarkable year as TII reached an all-time high on financials, reflecting its strong market position and effective strategic execution. The company has received various industry recognitions and awards for its quality and performance standards.
TII is part of major indices including BSE 500, BSE 100, BSE 200, Nifty 500, BSE Auto, BSE MidCap, Nifty Midcap 100, Nifty Midcap 50, Nifty Auto, Nifty 200, BSE Allcap, BSE Consumer Discretionary, BSE MidCap Select Index, BSE SENSEX Next 50, BSE 100 ESG Index (INR), BSE 150 MidCap Index, BSE 250 LargeMidCap Index, BSE 400 MidSmallCap Index, Nifty LargeMidcap 250, Nifty 500 Multicap 50:25:25, Nifty Midcap 150, Nifty MidSmallcap 400, Nifty Midcap150 Quality 50, Nifty India Manufacturing, Nifty Total Market, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, Nifty500 Equal Weight, Nifty EV & New Age Automotive, Nifty500 LargeMidSmall Equal-Cap Weighted.
Tube Investments of India Limited continues to strengthen its position as a diversified engineering conglomerate, leveraging its strong heritage, strategic acquisitions, and focus on emerging sectors like electric vehicles to drive future growth in the dynamic Indian industrial landscape.
