TIINDIA

Tube Investments of India is part of the Murugappa Group and operates across engineering, metal-formed products, mobility, EVs, precision components, industrial systems, and emerging semiconductor businesses. The company has transformed from a traditional cycle-and-engineering player into a diversified manufacturing and technology-focused industrial company. Key growth engines: EV business through electric mobility initiatives Semiconductor/OSAT exposure Industrial and engineering products Strong capital allocation by Murugappa Group Strategic acquisitions and new-age manufacturing Current market capitalization is around ₹5.7 lakh crore with the stock trading near ₹2,950–3,000 zone recently. Fundamental Analysis 1. Revenue Growth TIINDIA has shown strong revenue expansion over recent years. FY26 consolidated revenue: ~₹22,847 crore Revenue growth YoY remained healthy due to engineering and industrial businesses. 2. Profitability Latest Q4 FY26 results were strong: Q4 PAT increased ~84% YoY EBITDA growth ~66% Margin expansion visible in recent quarters This indicates: Better operating leverage Improved business mix Strong execution capability 3. Business Strengths Diversified Structure Unlike single-segment auto ancillary companies, TIINDIA operates in multiple high-growth segments: Engineering EV mobility Industrial systems Medical & semiconductor exposure This reduces cyclicality risk. Strong Parentage Murugappa Group has a strong execution history and capital discipline. The turnaround of CG Power and Industrial Solutions after Murugappa acquisition improved investor confidence significantly.