Tube Investments of India Ltd (TIINDIA)

Motilal Oswal Recommends Buy Rating for Tube Investments of India - 17 May, 2024

Motilal Oswal has recommended a buy rating for Tube Investments of India with a target price of INR 4,400. The company's Q4FY24 result was operationally weak due to higher expenses and rising competition in its metal-formed business on the railway side. However, the company expects future growth from TICMPL despite delays in ramp-up. The stock trades at 60x/49x FY25E/FY26E consol. EPS.

Tube Investments of India Reports 6% Growth in Total Revenue for FY24 - 16 May, 2024

Tube Investments of India reported a 6% growth in total revenue from operations for FY24, driven by the mobility and engineering business segments. EBITDA margins were in line with expectations at 12.1%, while PAT margins remained stable at around 10%. The company is on track to establish its greenfield precision steel tube manufacturing facility in Western India by FY25.

Tube Investments Reports Mixed Results for Q4 - 15 May, 2024

Tube Investments of India Ltd reports mixed Q4 results with a 20.99% YoY increase in revenue but a 39.13% YoY decrease in profits. The company's stock has delivered -1.95% returns in the last week.

Tube Investments Reports Strong Financials; TIVOLT Plans E-SCV Launch - 14 May, 2024

Tube Investments of India reports strong financial performance with consolidated profits before tax driven by cost reduction initiatives and operational efficiency. The company also recommended a final dividend of Rs 1.5 per share. Meanwhile, TIVOLT Electric Vehicles, a subsidiary of TI Clean Mobility, announced plans to launch an e-SCV in the near future.

Tube Investments Reports Q4 Results, Plans Fundraising - 13 May, 2024

Tube Investments of India reports a marginal drop in its standalone net profit for the March 2024 quarter and an 11% increase in FY24 net profit. The company also plans to raise around Rs. 350 crore during the current fiscal year. Its subsidiary, Tivolt Electric Vehicles, is set to launch an e-SCV in the coming months. However, Tube Investments' consolidated net profit tumbled by 49.82% in Q4 FY24.

Tube Investments of India Ltd Consistently Earns 21% for Last Five Years - 09 May, 2024

Tube Investments of India Ltd has consistently earned a return of 21% over the last five years, with capital employed within the business rising by 308%. The company's ability to reinvest its money at such appealing rates of return could lead to significant growth in the future.

Tube Investments' Arm Raises Funds for EV Venture - 06 May, 2024

Tube Investments of India's subsidiary, TI Clean Mobility, has signed a definitive agreement to raise Rs 580 crore from private equity firm GEF Capital Partners LLC. The fundraise is part of TI Clean Mobility's planned Rs 3,000 crore to scale operations through acquisitions and aid capital expenditure.

Tube Investments of India Ltd allots equity shares under ESOP - 30 Apr, 2024

Tube Investments of India has allotted 3,340 equity shares under ESOP on April 30, 2024. The number of outstanding equity shares increased from 19,34,02,216 to 19,34,05,556 and the paid-up equity share capital from Rs. 19,34,02,216/- to Rs. 19,34,05,556/-.