Automobile and Auto Components · NSE/BSE: TIINDIA
Tube Investments of India Limited
Auto Components & Equipments
Market Cap ₹0.62L Cr
Verdict: High
Quality Scores
Multi-Bagger
74/100
Compounder Quality
84/100
Management Credibility
90/100
Governance
96/100
Cash Flow Quality
75/100
AI Summary
Tube Investments of India (TII), a Murugappa Group flagship, has evolved from a traditional cyclical auto-component manufacturer into a diversified engineering powerhouse. The company demonstrated massive scaling since the 2021 CG Power acquisition, which transformed its top and bottom line. Its core Engineering and Metal Formed products maintain dominant market shares in tubes and chains in India. Despite recent margin compression in FY2025-26, TII maintains a robust balance sheet with low leverage. The long-term growth story is underpinned by aggressive forays into Electric Vehicles (EVs)…
Top Opportunities
- Leader in cold drawn welded steel tubes
- Strong Murugappa Group lineage and management quality
- Successful turnaround of acquisition CG Power
Top Risks
- Negative free cash flow in FY24 and FY26
- Working capital days doubled from 33 to 67
- Operating margins under pressure (dropped toward 10%)
Latest report: Read the annual report summary →
Unlock the full report
Full sections, financial charts, AI chat and PDF export are available with Premium.