Of Murugappa Group’s 29 businesses spread across the country, Tube Investments of India (TII) is its engineering and manufacturing company. TII is divided into 5 main segments: Mobility, Engineering, Metal-formed parts, Other businesses, and Subsidiaries. It primarily deals with the manufacturing of automotive and industrial chains and bicycles, car door frames, and precision steel tubes and strips. Other products include TMT bars, sheet metals, and windows. Through Murugappa Group, the company’s origins are traced back to 1898 in Burma. Today, it is managed by Mukesh Ahuja and headquartered in Chennai. TII aspires to reduce its carbon emissions and achieve its net zero target by 2070. Its renewable energy initiatives, circular economy practices, and commitment to the United Nations’ Sustainable Development Goals are other measures towards its promise of sustainability.
PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (INR Cr) | 17899 16.6% | 15356 20.7% | 12727 101.9% | 6302 35.0% | 4670 -20.4% | 5869 16.0% | 5058 8.8% | 4649 - | 0 - | 0 - | 0 - | 0 - | 0 - | 0 - | 0 - | 0 - |
Net Operating Income (INR Cr) | 16890 12.87% | 14964 20.22% | 12447 104.62% | 6083 28.06% | 4750 -17.71% | 5773 15.46% | 5000 11.28% | 4493 0.00% | 0 0.00% | 0 0.00% | 0 0.00% | 0 0.00% | 0 0.00% | 0 0.00% | 0 0.00% | 0 0.00% |
Profit (INR Cr) | 1201 25.7% | 956 24.3% | 769 168.5% | 286 -6.5% | 306 27.4% | 240 63.1% | 147 -12.1% | 168 - | 0 - | 0 - | 0 100.0% | 0 0.0% | 0 0.0% | 0 - | 0 - | 0 - |
Assets (INR Cr) | 8994 32.2% | 6804 46.3% | 4651 3.0% | 4516 103.3% | 2221 1.3% | 2192 2.0% | 2150 0.9% | 2130 - | 0 0.0% | 0 0.0% | 0 -16.7% | 0 -14.3% | 0 0.0% | 0 75.0% | 0 0.0% | 0 - |
Net Worth (INR Cr) | 5100 29.1% | 3951 28.6% | 3071 41.4% | 2172 25.3% | 1734 17.5% | 1475 16.0% | 1272 7.1% | 1188 - | 0 0.0% | 0 -16.7% | 0 0.0% | 0 -14.3% | 1310 0.0% | 0 0.0% | 0 75.0% | 0 0.0% |
Employee Cost (INR Cr) | 1493 23.9% | 1205 16.7% | 1033 41.0% | 732 20.2% | 609 0.7% | 605 7.6% | 563 9.7% | 513 - | 0 - | 0 - | 0 - | 0 - | 0 - | 0 - | 0 - | 0 - |
Interest Cost (INR Cr) | 73 | 58 | 99 | 47 | 34 | 56 | 62 | 77 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash & Bank Balance (INR Cr) | 1227 | 945 | 573 | 576 | 38 | 56 | 32 | 24 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Debt (INR Cr) | 896 | 726 | 871 | 1972 | 414 | 611 | 776 | 851 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Profit As % Of Revenues | 6.7% | 6.2% | 6.0% | 4.5% | 6.6% | 4.1% | 2.9% | 3.6% | - | - | - | - | - | - | - | - |
Profit As % Of Assets | 13.4% | 14.0% | 16.5% | 6.3% | 13.8% | 11.0% | 6.9% | 7.9% | - | - | - | - | - | - | - | - |
Profit As % Of Networth | 23.5% | 24.2% | 25.0% | 13.2% | 17.7% | 16.3% | 11.6% | 14.1% | - | - | - | - | - | - | - | - |
Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
RONW | 38.0% | 37.4% | 37.8% | 15.6% | 19.5% | 18.3% | 12.6% | 29.4% | - | - | - | - | - | - | - | - |
ROCE | 26.6% | 33.1% | 30.6% | 14.5% | 20.6% | 20.9% | 13.5% | 29.3% | 0.0% | 0.0% | 0.0% | 0.0% | 11.6% | 0.0% | 18.2% | 0.0% |