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Tube Investments of India Limited (TIINDIA) Fair Value & Analysis

Industrials · IN · Market cap ₹573B

TI Tube Investments of India Limited TIINDIA · NSE
Price₹2,780
Fair Value₹1,301
Upside-53.2%
Quality48/100
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Expensive Growth
Thin margins · 2.8% net margin
Low debt · negative free cash flow
0.12% dividend yield
Trails peers (5/13)
Narrow moat 42/100
Evidence: Medium Range ₹560.16 – ₹1,626 Share as image

Fair value as of: Aug 13, 2026

From 8 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from ₹559.30 to ₹1,301 (+132.6%) since Jul 16, 2026. Share price −4.7% over the past month.

Below-average quality, and screening another 53% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹1,626). The favourable scenario is already priced in.
  • The model range is unusually wide (₹560.16 to ₹1,626). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹4,707 ₹1,078 Fair Value ₹1,301 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹1,078 – ₹4,707 · fair‑value band ₹560.16 – ₹1,626 · the ₹2,780 price screens above the ₹1,301 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Tube Investments of India Limited (TIINDIA) currently trades at ₹2,780, while our model-based Fair Value estimate is ₹1,301, implying the stock looks roughly 53.2% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Tube Investments of India Limited generated revenue of ₹212B at a net margin of 2.8%. Revenue grew 20.7% year over year. It earns a return on equity of 11.2%. The balance sheet holds a net cash position of ₹7.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹560.16 (bear case) to ₹1,626 (bull case); at ₹2,780, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at -53%, TIINDIA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹149.68 to ₹1,560). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹340.66 ₹369.09 ₹488.34 76
Gordon GGM ₹83.70 ₹182.73 ₹307.45 70
P/E Multiple ₹542.85 ₹723.80 ₹904.75 63
All 8 models by family
Earnings-Based
Graham-Dodd ₹223.72 ₹1,560 ₹2,190 54
Lynch FV ₹806.05 ₹1,152 ₹1,497 50
Dividend Discount
Gordon GGM ₹83.70 ₹182.73 ₹307.45 70
DDM Multi-Stage ₹83.70 ₹149.68 ₹190.43 61
Multiples
P/E Multiple ₹542.85 ₹723.80 ₹904.75 63
P/B Multiple ₹419.48 ₹559.30 ₹699.13 55
Asset-Based
NCAV (Graham) ₹200.22 ₹268.30 ₹400.45 50
Economic Profit
Residual Income ₹340.66 ₹369.09 ₹488.34 76

Widest divergence: Earnings-Based (₹1,152) versus Dividend Discount (₹149.68). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹212B
Revenue growth (YoY) +20.7%
Net margin 2.8%
Return on equity 11.2%
Free cash flow −₹2.7B FY2026
P/E ratio 84.7
More key figures
Operating margin 7.3%
EPS (TTM) ₹32.84
Dividend yield 0.1%
EPS growth (YoY) -14.2%
Net cash ₹7.1B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 55

Profitability 43
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 25
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Tube Investments of India Limited, together with its subsidiaries, engages in the manufacture and sale of precision engineered and metal formed products to automotive, railway, construction, agriculture, etc. in India.

Full company description

Tube Investments of India Limited, together with its subsidiaries, engages in the manufacture and sale of precision engineered and metal formed products to automotive, railway, construction, agriculture, etc. in India. It operates through eight segments: Engineering, Metal Formed Products, Mobility, Gear and Gear Products, Power Systems, Industrial Systems, Medical, and Semiconductors. The Engineering segment offers cold rolled steel strips, precision steel tubes, cold drawn welded tubes, electric resistance welded tubes, and tubular components. The Metal Formed Products segments provides automotive chains, fine blanked and stamped products, roll-formed car doorframes, and cold rolled formed sections. The Mobility segment offers standard bicycles; special bicycles, including alloy bikes; specialty performance bikes; fitness equipment; and electric bicycles, as well as cycling accessories and spare parts. The Gear and Gear Products segment provides gears, gear boxes, gear motors, and gear assemblies. The Power Systems segment offers transformers and switchgears, as well as engages automation and turnkey projects. The Industrial Systems segment provides electric motors, alternators, drives, and traction electronics, as well as SCADA solutions. The Electric Vehicle segment offers electric three-wheelers, tractors, and commercial vehicles. The Medical segment is involved in the provision of medical consumables; and contract development and manufacturing operations of active pharmaceutical ingredients. It also offers industrial chains, optic lens, TMT bars and TI machine building solutions. The company was founded in 1900 and is based in Chennai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Tube Investments of India Limited reported revenue of ₹228B in FY2026 versus ₹120B in FY2022, a compound +17.5%/yr. Reported net income was ₹6.4B in FY2026, compounding −4.6%/yr from FY2022.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹228B
Latest YoY
+20.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+31.4%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+240.5%
Revenue +17.5%/yr
FY22 ₹120B
FY23 ₹144B
FY24 ₹163B
FY25 ₹189B
FY26 ₹228B
Net income −4.6%/yr
FY22 ₹7.7B
FY23 ₹9.6B
FY24 ₹12.1B
FY25 ₹6.7B
FY26 ₹6.4B

TIINDIA screens 53% overvalued. Compare with ITOCHU Corporation →

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Cite: Fair Value Calculator (2026). "Tube Investments of India Limited Fair Value". https://www.fairvalue-calculator.com/stock/TIINDIA

Peer Group

Conglomerates · 385 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside −53% · Bottom 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 21% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 84.7× · Pricier than 75% of peers
P/B 7.39× · Pricier than 75% of peers
P/S (TTM) 2.70× · Pricier than 75% of peers
EV/EBITDA 28.1× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 27
FUTURE 100 · sector 17
PAST 45 · sector 18
HEALTH 100 · sector 89
DIVIDEND 2 · sector 39

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ITOCHU Corporation ITOCHU19 7.20 THB 14.40 THB +100%
SK Inc 034730 553,000 KRW 615,077 KRW +11%
PT Astra International Tbk, ASII 4,860 IDR 9,720 IDR +100%
Koç Holding KCHOL 205.80 TRY 182.26 TRY -11%
SRF Limited SRF ₹2,585 ₹859.71 -67%
Empresas Copec S.A COPEC 6,030 CLP 10,809 CLP +79%
Posco International Corporation 047050 54,300 KRW 71,119 KRW +31%
Doosan Corporation 000155 436,000 KRW 93,413 KRW -79%
Thermax Limited THERMAX ₹4,002 ₹1,343 -66%
Hanwha Corporation 000880 96,000 KRW 88,608 KRW -8%

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Frequently asked questions

Is Tube Investments of India Limited (TIINDIA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,301 versus a price of ₹2,780, about −53% (overvalued).
What is the fair value of TIINDIA?
Our model-based fair value for Tube Investments of India Limited is ₹1,301 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹2,780.
What is the quality score of TIINDIA?
Tube Investments of India Limited has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Tube Investments of India Limited (TIINDIA)?
Tube Investments of India Limited reported trailing-twelve-month revenue of about ₹212B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TIINDIA?
The net profit margin of Tube Investments of India Limited is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does Tube Investments of India Limited pay a dividend?
Tube Investments of India Limited currently shows a dividend yield of about 0.11% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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