Tube Investments of India Limited: A Comprehensive Analysis
Introduction
Tube Investments of India Limited (TIIL) is a diverse engineering company established to meet the growing demand for specialized industrial products. In this blog post, we will provide an in-depth look at the company, when its IPO was launched, its stock performance, products, financial details, and the value of a typical investment over the past five years.
IPO Launch Details
Tube Investments of India Limited launched its Initial Public Offering (IPO) on September 22, 2020. The IPO was highly anticipated, drawing significant attention from both retail and institutional investors due to the company’s robust operational history and diverse product lineup.
IPO Price
The IPO was priced at ₹537 per share. Investors showed immense confidence, leading to an oversubscription of the offering, which underscored the strong market sentiment towards the company.
Current Share Price
As of today, the current share price of Tube Investments of India Limited stands at approximately ₹1240. The remarkable growth in the stock price reflects the company’s robust business performance and growth trajectory.
Product Range
Tube Investments of India Limited offers a wide range of products, catering to various industrial needs:
- Engineering Services
- Cycles and Accessories
- Metal Formed Products
- Chains for Automotive and Industrial Applications
- Tube Products
Company Financial Details
Year | Revenue (₹ Crore) | Net Profit (₹ Crore) | EBITDA (₹ Crore) |
---|---|---|---|
2018 | 5,923 | 312 | 746 |
2019 | 6,200 | 348 | 789 |
2020 | 5,784 | 328 | 764 |
2021 | 4,989 | 272 | 708 |
2022 | 7,150 | 510 | 965 |
Investment Growth
Let’s examine an instance where an investor put ₹10,000 into Tube Investments of India Limited five years ago. Assume the share price five years ago was around ₹350. Thus, the investor would have acquired approximately 28.57 shares (₹10,000/₹350 per share).
Considering the current share price is ₹1240, the value of those 28.57 shares today would be:
Investment Value = 28.57 shares * ₹1240 = ₹35,418.80
Hence, a ₹10,000 investment made five years ago would now be worth approximately ₹35,418.80, demonstrating significant growth and proving the potential of long-term investments in strong companies like Tube Investments of India Limited.