Tube Investments of India Ltd
NSE:TIINDIA

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Tube Investments of India Ltd Logo
Tube Investments of India Ltd
NSE:TIINDIA
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Price: 2 668.6001 INR 0.5%
Market Cap: 516.4B INR

Tube Investments of India Ltd
Investor Relations

Tube Investments of India Ltd., a prominent player headquartered in Chennai, has intricately woven its operations into the very fabric of industrial production and consumer products. Historically known for its pioneering ventures in manufacturing tubes, the company has leveraged its expertise to expand into diverse sectors. The core of its business model capitalizes on its extensive manufacturing capabilities, primarily focusing on engineering products like steel tubes, chains, and metal-formed components. These products are critical inputs for a wide array of industries, including automotive, construction, and agriculture, establishing a steady stream of revenue from a broad customer base. By ensuring high-quality standards and lean manufacturing processes, Tube Investments ensures it remains a preferred supplier to key industrial players while constantly innovating to enhance product offerings.

Alongside its industrial pursuits, Tube Investments has ventured significantly into the mobility and financial services sector. The company manufactures a range of bicycles under well-known brand names, appealing to diverse consumer preferences from premium to mass-market segments, which not only broadens its market reach but also contributes significantly to its revenue diversification strategy. Moreover, seeing the potential beyond traditional manufacturing, the firm has ventured into financial services. Through its subsidiary, Cholamandalam Investment and Finance Company Limited, Tube Investments delves into providing a suite of financial products including vehicle finance and home loans, thus creating a synergistic balance between steady industrial income and the growth potential of financial services. This diversified approach, rooted in both its engineering expertise and strategic expansion into consumer and financial sectors, crafts a narrative of resilience and forward-oriented innovation.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 5, 2025
AI Summary
Q2 2026

Revenue Growth: Tube Investments reported consolidated revenue of INR 5,523 crores for Q2 FY '26, up from INR 4,925 crores in the same quarter last year.

Profit Increase: Consolidated profit before tax rose to INR 459 crores from INR 426 crores year-on-year.

Strong Segment Performance: Engineering and Mobility divisions showed solid revenue and profit growth, with Mobility turning last year's loss into a profit.

EV Business Gains: Electric vehicle (EV) segment revenue grew 21% year-on-year and 31% quarter-on-quarter, with management noting strong market share, especially in electric trucks.

Impact of GST Cuts: Management observed an uptick in demand following GST rate reductions, particularly in October and November, though effects differ across segments.

CapEx & Investments: Plans for INR 300–400 crores CapEx in base business next year, with additional investments in medical and new businesses.

Medical Division Outlook: Targeting 15–25% growth in medical business, including new product launches and verticals despite recent flat growth.

Key Financials
Consolidated Revenue
INR 5,523 crores
Consolidated Profit Before Tax
INR 459 crores
Stand-alone Revenue
INR 2,119 crores
Stand-alone Profit Before Tax
INR 250 crores
Return on Invested Capital (ROIC)
44%
Free Cash Flow
INR 183 crores
Engineering Division Revenue
INR 1,382 crores
Engineering Division PBIT
INR 164 crores
Metal Formed Products Revenue
INR 408 crores
Metal Formed Products PBIT
INR 44 crores
Mobility (Bicycle) Revenue
INR 194 crores
Mobility (Bicycle) PBIT
INR 4 crores
Others Revenue
INR 227 crores
Others PBIT
INR 18 crores
CG Power Revenue
INR 2,923 crores
CG Power Profit
INR 388 crores
Shanti Gears Revenue
INR 132 crores
Shanti Gears PBT
INR 29 crores
Engineering Division Volume Growth
10%
Industrial Chains Market Share
about 50%
Exports Share of Total Revenue
15%
EV 3-Wheeler Volume
2,082 units
EV Heavy Commercial Vehicle Volume
44 units
EV Small Commercial Vehicle Volume
167 units
EV Tractor Volume
100 units
Engineering Division Capacity Utilization
80–85%
Earnings Call Recording
Other Earnings Calls

Management

Mr. M. Arun Murugappan Arunachalam
Executive Chairman
No Bio Available
Mr. Mukesh Ahuja
MD & Director
No Bio Available
Mr. Murugappan Vellayan Subbiah
Executive Vice Chairman
No Bio Available
Mr. AN Meyyappan
Chief Financial Officer
No Bio Available
Ramanujam Rajagopalan
AVP of Corporate Finance & Taxation
No Bio Available
Mr. S. Suresh
Executive Vice President of Legal & Corporate Affairs
No Bio Available
Ms. S. Krithika
Company Secretary & Compliance Officer
No Bio Available
Mr. Sekar CK
Chief Marketing Officer
No Bio Available
Mr. R. B. Selvakumar
Executive VP & Head of HR
No Bio Available
Mr. Kalyan Kumar Paul M.B.A.
Managing Director of TI Clean Mobility Private Limited
No Bio Available

Contacts

Address
TAMIL NADU
Chennai
Dare House, 2(Old No. 234), N S C Bose Road,
Contacts
+914442177770.0
www.tiindia.com