Tube Investments of India shares decline 3.27% amid volume surge; stock among top losers on Nifty Midcap 150

2 min read Updated on 23 Jan 2026, 02:27 PM

Reviewed by

Radhika SScanX News Team

Overview

Tube Investments of India shares declined 3.27% to ₹2,221.80 with high volume, ranking among Nifty Midcap 150's top losers. September 2025 quarterly revenue grew 12.15% year-on-year to ₹5,522.64 crores, while net profit increased marginally to ₹302.15 crores. Annual revenue expanded from ₹6,083.29 crores in 2021 to ₹19,464.65 crores in 2025, though 2025 net profit declined to ₹1,054.67 crores from ₹1,187.51 crores in 2024. The company maintains strong liquidity with a current ratio of 1.80 and low debt-to-equity ratio of 0.08.

*this image is generated using AI for illustrative purposes only.

Tube Investments of India shares experienced a notable decline of 3.27% to ₹2,221.80 during Friday's trading session, accompanied by high trading volume. The stock emerged as one of the top losers on the Nifty Midcap 150 index, reflecting bearish market sentiment.

Quarterly Financial Performance

The company's consolidated quarterly results show mixed performance trends. Revenue growth remained positive, while profitability metrics showed varied patterns across recent quarters.

Quarter:	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue:	₹4,924.55 cr	₹4,812.22 cr	₹5,149.96 cr	₹5,309.06 cr	₹5,522.64 cr
Net Profit:	₹299.30 cr	₹280.22 cr	₹158.22 cr	₹303.28 cr	₹302.15 cr
EPS:	₹10.69	₹10.01	₹2.41	₹10.28	₹9.65

The September 2025 quarter demonstrated revenue growth of 12.15% compared to the same period in the previous year, rising from ₹4,924.55 crores to ₹5,522.64 crores. Net profit showed marginal improvement, increasing from ₹299.30 crores to ₹302.15 crores. However, earnings per share declined from ₹10.69 to ₹9.65 during this period.

Annual Financial Trends

Tube Investments of India has demonstrated substantial revenue expansion over the past five years, though profitability metrics show recent moderation.

Year:	2021	2022	2023	2024	2025
Revenue:	₹6,083.29 cr	₹12,525.30 cr	₹14,964.73 cr	₹16,890.33 cr	₹19,464.65 cr
Net Profit:	₹304.69 cr	₹994.31 cr	₹1,177.98 cr	₹1,187.51 cr	₹1,054.67 cr
EPS:	₹15.13	₹39.89	₹49.50	₹62.12	₹34.83

The company's consolidated annual revenue increased consistently from ₹6,083.29 crores in 2021 to ₹19,464.65 crores in 2025, representing significant business expansion. However, net profit decreased from ₹1,187.51 crores in 2024 to ₹1,054.67 crores in 2025, while earnings per share declined from ₹62.12 to ₹34.83.

Key Financial Ratios and Metrics

The company's financial health indicators show improved liquidity and reduced leverage compared to previous years.

Metric:	Mar 2025	Mar 2024	Mar 2021
Current Ratio:	1.80	1.62	0.82
Debt to Equity:	0.08	0.15	0.61
Return on Equity:	12.17%	23.54%	13.18%
Net Profit Margin:	5.41%	10.20%	5.00%

As of March 2025, the company maintained a strong current ratio of 1.80 and significantly reduced its debt-to-equity ratio to 0.08 from 0.61 in March 2021. The return on equity stood at 12.17%, while the net profit margin was 5.41%.

Corporate Actions and Dividend Policy

Tube Investments of India has maintained consistent dividend distributions to shareholders. The company announced a final dividend of ₹1.50 per share with an effective date of July 25, 2025, following an earlier interim dividend of ₹2.00 per share effective from February 7, 2025.

The board of directors is scheduled to meet on February 4, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025, and to declare dividends, if any. Market analysis indicates bearish sentiment on the stock amid the current trading session's decline.

Tube Investments of India Set for First Negative Calendar Year Since 2017 Demerger

2 min read Updated on 31 Dec 2025, 09:30 AM

Reviewed by

Suketu GScanX News Team

Add as a preferred
source on Google

Overview

Tube Investments of India Ltd is set to record its first negative calendar year since 2017, with shares declining 30.00% in 2025. The Murugappa Group entity previously delivered consistent double-digit returns from 2018-2023, including a peak 119.00% gain in 2021. Despite current challenges, analysts maintain positive sentiment with four buy ratings and potential 41.40% upside from current levels.

*this image is generated using AI for illustrative purposes only.

Tube Investments of India Ltd, the engineering conglomerate under the Murugappa Group, is poised to record its first negative calendar year performance since the company began trading under its current identity in 2017. Shares have declined nearly 30.00% in 2025, marking a significant departure from the company's historically strong market performance.

Historical Performance Analysis

The current downturn represents a stark contrast to the company's track record of consistent positive returns. Barring 2024, Tube Investments shares have delivered positive, double-digit returns every year starting from 2018, which was the first full year of trading after the demerger.

Year:	Annual Return
2018:	32.00%
2019:	35.00%
2020:	66.00%
2021:	119.00%
2022:	58.00%
2023:	28.00%
2024:	1.00%
2025 (YTD):	-28.00%

The exceptional performance in 2021, delivering 119.00% returns, represented the peak of the company's post-demerger growth trajectory. Even during the challenging 2024 period, the stock managed to maintain positive territory with a modest 1.00% gain.

Corporate Restructuring Background

Tube Investments of India Ltd emerged from a complex corporate restructuring executed by the Murugappa Group in 2017. The company previously traded as TI Financial Holdings, having been incorporated as a subsidiary in 2008. The group executed a "name swap" as part of a demerger process, effectively separating the manufacturing business from the financial services business.

Under this restructuring, TI Financial took over the assets of the manufacturing unit and was subsequently renamed Tube Investments. The erstwhile listed entity, which held stakes in Cholamandalam Finance, was renamed Cholamandalam Financial Holdings, creating two distinct business entities.

Current Market Position

Tube Investments has evolved into an engineering conglomerate, expanding significantly from its origins as a traditional bicycle and tube manufacturer. From its recent 52-week high of ₹3,693.00, the stock has declined nearly 31.00%, reflecting broader market pressures and sector-specific challenges.

Despite the current downturn, the company's long-term performance remains impressive. Based on current pricing, shares have delivered returns of nearly 10x to shareholders from the start of 2018, demonstrating the substantial value creation achieved over the post-demerger period.

Analyst Outlook

Market sentiment toward Tube Investments remains constructive despite recent performance challenges. None of the five analysts covering the stock maintain a "sell" rating. Four analysts have assigned "buy" ratings, while one maintains a "hold" rating, indicating continued confidence in the company's long-term prospects.

The consensus price target estimates suggest a potential upside of 41.40% from current levels, reflecting analyst expectations for a recovery in the stock's performance. This optimistic outlook suggests that the current decline may represent a temporary setback rather than a fundamental deterioration in the company's business prospects.