Tube Investments of India Ltd

Tube Investments of India Ltd

Fortune 500 2024
+ 14 More
+ 14 More
OVERVIEW
FINANCIALS

About

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.

Incorporation Year: 2008
Headquarters: Chennai
Top Management: Murugappa Group
Industry: Auto Ancillaries
Website: tiindia.com

Featured In Fortune India Ranking

Fortune 500 India
#139(2024)
#149(2023)
#150(2022)
#221(2021)
#272(2020)
#249(2019)
#261(2018)
#268(2017)
#150(2016)
#135(2015)
#139(2014)
#146(2013)
#156(2012)
#164(2011)
#216(2010)
#139(2024)#149(2023)#150(2022)#221(2021)#272(2020)#249(2019)#261(2018)#268(2017)#150(2016)#135(2015)#139(2014)#146(2013)#156(2012)#164(2011)#216(2010)
Ranking Trend Fortune 500 India

Financial Data 2024

Revenue
17,899
(INR Cr)
Net Operating Income
16,890
(INR Cr)
Assets
8,994
(INR Cr)
Profit
1,201
(INR Cr)
Net Worth
5,100
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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)
735899473456627700000000
Cash & Bank Balance
(INR Cr)
12279455735763856322400000000
Total Debt
(INR Cr)
896726871197241461177685100000000

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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%