NSE/TIINDIA

TIINDIATube Investments of India

Automobile · NSE

₹2,790.2+1.35%

52-wk low52-WEEK RANGE52-wk high

₹2,189.3+27.4% from low ·-18.0% from high₹3,404.4

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

TIINDIA+11.61% · 1Y

Range high ₹3,419.9Range low ₹2,164.9Latest ₹2,790.2252 bars · daily-close · NSE bhavcopy + 10Y history

AutomobileConglomeratesMurugappa GroupLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite25/100

Performance

Medium

Middle-of-the-pack performance.

· 52w return +7.6%
· Just above 200-DMA (+2.4%)

Valuation

High

Looks expensive vs the sector.

· P/E 92.8 — 197% above sector median 31.3
· P/B 7.39 above sector median

Growth

Medium

Steady but not standout growth.

· Revenue YoY +20.7% — strong top-line
· Profit YoY -14.2% — earnings slipping

Profitability

Low

Profitability is a concern.

· ROE 8.0% — weak returns on equity
· Net margin 6.7% — thin margins

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeC(49/100)

Durability

74/100

Reasonable financial health; watch the weaker inputs.

Show 4 drivers

Piotroski F-score5/9 (56pt)
Altman Z" score3.86 (100pt)
Debt/Equity0.28 (100pt)
ROE8.0% (32pt)

Valuation

12/100

Richly valued on most axes; limited margin of safety.

Show 4 drivers

P/E vs sector (92.8 / 31.3)297% (1pt)
P/B7.39 (26pt)
Dividend yield0.16% (4pt)
EV/EBITDA27.4 (25pt)

Momentum

60/100

Constructive setup — momentum building, not extended.

Show 5 drivers

52w change+7.6% (54pt)
DMA-trend alignmentsideways (50pt)
RSI (14)63.3 (92pt)
Price vs 200-DMA-0.9% (50pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)92.77

OVERVALUED

CheapestP/E 92.8 at 94th %ile — pricier than 94% of peers.Most expensive

P/B7.39

OVERVALUED

CheapestP/B 7.39 at 75th %ile of sector.Most expensive

EV/EBITDA27.40

OVERVALUED

Monthly seasonality

Avg monthly return over 9 years · historical — not a forecast

Best: Jun +9.17% · Worst: Mar -3.93%

Jan

-2.0%

22% win

Feb

+2.3%

56% win

Mar

-3.9%

56% win

Apr

+8.5%

89% win

May

-1.8%

38% win

Jun

+9.2%

Monthly return distribution

Distribution of 101 monthly returns

Mean

+3.12%

Median

+2.53%

Std dev

11.90%

Best

+38.7%

Worst

-48.1%

% positive

59%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 2

Lean balance sheet (D/E 0.28)
Low leverage means earnings are less sensitive to rate cycles
Bankruptcy risk low (Altman Z″ 3.86)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 2

Low return on equity (8.0%)
Below 10% ROE suggests inefficient use of shareholder capital
Premium to sector on P/E (+197%)
P/E 92.8 vs Automobile median 31.3

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 2

Profit contracting sharply (-14.2% YoY)
Double-digit earnings decline pressures valuation compression
Valuation compression risk
P/E 92.8 is 197% above sector — any growth miss gets punished

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+1.4%

+1.7%

+13.5%

+11.3%

-9.5%

+8.6%

+3.8%

+18.5%

10Y

+32.0%

Fundamentals

VALUATION

Market cap

₹55,610 Cr

P/E (TTM)

92.8

P/E (fwd)

45.0

next 12m

P/B

7.39

EV/EBITDA

27.4

Book value

₹388.70

per share

PROFITABILITY · QUALITY

ROE

8.0%

ROCE

—

Net margin

6.7%

Op margin

7.3%

Gross margin

31.7%

D/E

0.28

GROWTH · MARKET

Rev YoY

+20.7%

Profit YoY

-14.2%

Div yield

0.16%

Payout

11.3%

52w change

+7.6%

Beta

-0.30

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 3

+Forward P/E materially below trailing (45.0x vs 92.8x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+Revenue growing at +20.7% YoYGrowth-category territory — implies market-share gains or market expansion
+3-year revenue CAGR of 16.4%Sustained multi-year growth — not a one-quarter flash

CONS · 3

−Trades at a premium to sector on P/EP/E 92.8 vs Automobile median 31.3 — priced for more growth than peers
−Very high absolute P/E (93x)At this multiple the market prices in several years of strong growth upfront — risk of correction if growth disappoints
−Low ROE of 8.0%Below the 10%+ threshold most quality-focused investors require

Sector-relative context

Automobile · 16 peers

P/E (TTM)

This stock

92.77

Sector median

31.29

Rank 15/16 (13th %ile)

ROE

This stock

8.0%

Sector median

15.0%

Rank 5/16 (75th %ile)

P/B

This stock

7.39

Sector median

4.37

Rank 12/16 (31th %ile)

Quality score · Piotroski F-score

5 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✗Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE3.86

Z″ = 3.86 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.270	×6.56	1.773
Retained Earnings / Total Assets (B)	0.260	×3.26	0.846
EBIT / Total Assets (C)	0.129	×6.72	0.869
Book Equity / Total Liabilities (D)	0.355	×1.05	0.372

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

6 analysts · BUY

Target mean

₹3149.17

Target high

₹3650.00

Target low

₹2448.00

Upside vs today

+9.6%

Street consensus target is +9.6% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Conglomerates

Employees

3,219

Shares out

19.4

Revenue (TTM)

₹21,226 Cr

EBITDA

₹1,985 Cr

Total debt

₹3,147 Cr

Cash

₹2,400 Cr

Net debt

₹747 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	4,783	4,682	5,017	5,171	5,652
Operating profit	372	364	447	394	411
OPM %	7.8%	7.8%	8.9%	7.6%	7.3%
Interest	16	15

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	11,983	14,431	16,335	18,915
Operating profit	1,149	1,560	1,574	1,601
OPM %	9.6%	10.8%	9.6%	8.5%
Interest	58	42	52	62

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
TIINDIATHIS Tube Investments of India Limited	₹2,790.2	+7.6%	55,610	92.8	7.39	8.0%	0.28	+20.7%
MARUTI Maruti Suzuki India Limited	₹13,453	+14.5%	4,22,871	28.3	4.24	15.0%	0.00	+28.7%
M&M Mahindra & Mahindra Limited	₹3,200.2	+15.8%	3,86,838	23.0	4.34	18.9%	1.32	+26.4%
BAJAJ-AUTO Bajaj Auto Limited	₹9,773.5	+18.5%	2,73,751	30.9	8.01	26.0%	0.57	+23.1%
EICHERMOT Eicher Motors Limited	₹7,189.5	+23.7%	1,98,686	37.2	8.99	24.2%	0.02	+22.9%
MOTHERSON Samvardhana Motherson International Limited	₹125.03	-5.7%	1,29,734	38.0	3.52	9.3%	0.50	+14.5%
BOSCHLTD Bosch Limited	₹37,505	+34.9%	1,11,456	40.5	7.95	19.6%	0.01	+9.4%
HEROMOTOCO Hero MotoCorp Limited	₹5,230.5	+33.5%	1,05,697	19.4	5.03	25.9%	0.03	+21.7%
ASHOKLEY Ashok Leyland Limited	₹174.78	-21.3%	1,02,375	31.0	8.11	26.2%	3.28	+1.0%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	9.20	10.34	+12.4%
-2q	9.40	9.65	+2.7%
-3q	7.60	8.68	+14.2%
-4q	13.50	42.77	+216.8%

Date	Amount
2026-02-10	₹2.00
2025-07-25	₹1.50
2025-02-07	₹2.00
2024-07-23	₹1.50
2024-02-13	₹2.00
2023-07-26	₹1.50
2023-02-15	₹2.00
2022-07-20	₹1.50
2022-02-17	₹2.00
2021-08-04	₹1.50
2021-02-22	₹2.00
2020-03-11	₹3.50
2019-07-08	₹0.75
2019-02-14	₹1.75
2018-07-30	₹0.50
2018-02-22	₹1.25

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	19	19	19	19
Reserves	2,306	3,184	4,300	4,720
Borrowings	871	1,126	2,104	3,097
Other liabilities	—	1	1	3
Total liabilities	8,881	10,288	13,179	15,964
Fixed assets	2,362	2,443	3,088	4,143
CWIP	117	224	431	940
Investments	64	44	41	47
Other assets	56	1	102	239
Total assets	8,881	10,288	13,179	15,964

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	896	1,386	1,306	1,213
CF Investing	-79	-871	-2,289	-1,615
CF Financing	-921	-75	646	522
Net cash flow	-104	461	-336	121
Free cash flow	647	970	455	0

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	8.5%	9.6%	10.8%	9.6%
Net margin %	3.6%	7.4%	6.6%	6.4%
ROE %	14.9%	32.1%	34.6%	33.1%
ROCE %	24.1%	32.5%	43.1%	37.1%
Debt / Equity	0.65	0.49	0.35	0.37
Dividend payout %	10%	6%	7%	9%
Interest coverage	27.8×	33.9×	38.7×	20.4×
Revenue growth YoY	+15.8%	+13.2%	+20.4%	—
Profit growth YoY	-44.1%	+26.2%	+24.3%	—

TIINDIATube Investments of India

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Automobile

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Stock scorecard

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

SWOT analysis

Ratios

Peer comparison · Automobile