Tube Investments of India Limited is an Indian company engaged in the engineering and manufacturing sectors, with a specific focus on bicycles, metal formed products, and chains. The company is headquartered in Chennai and operates as part of the Murugappa Group. Originally established as TI Cycles of India Limited in 1949, it was formed as a joint venture company.
The company focuses on three primary areas of expertise: Engineering, Metal Formed Products, and Bicycles.
(TII) holds a prominent position as a leading manufacturer of a diverse array of products catering to major industries like Automotive, Railway, Construction, Mining, Agriculture, and more. The company operates through three primary verticals, namely Engineering, Metal Formed Products, and Bicycles. Emphasizing its growth-oriented approach, TII has ventured into the TMT bars and Truck Body Building business. Furthermore, the company is actively exploring prospects in the Auto industry, including optic lens and other vision systems.
The objective of this article is to examine the projected share price target of Tube Investments of India Limited from 2023 to 2030, while also evaluating the potential of the company as an attractive investment opportunity.
LATEST NEWS ABOUT TUBE INVESTMENTS OF INDIA
- Tube Investments of India Ltd is actively seeking to capitalize on the significant potential in the agriculture sector for electric tractors and in the commercial vehicles market for e-trucks.
- Tube Investments’ subsidiary, TICMPL (TI Clean Mobility Private Limited ) has acquired a 50% ownership interest in Jayem Auto.
HOW TO BUY TUBE INVESTMENTS OF INDIA SHARES ?
You can buy Tube Investments of India shares from the following trading platforms:
SHARE PRICE PREDICTION OF TUBE INVESTMENTS OF INDIA: 2023 TO 2030
SHARE PRICE TARGET 2023 OF TUBE INVESTMENTS OF INDIA
|When||Maximum Price||Minimum Price|
Tube Investments of India Ltd, with a market capitalization of ₹63,451 Cr., is expected to witness substantial growth in its share price target in 2023. Based on the provided data, the stock’s P/E ratio stands at 67.
In July 2023, the projected maximum price target is ₹3,446.10, while the minimum price target is ₹3,132.82 suggest a potential growth percentage of approximately 10%. Moving into August, the maximum and minimum price targets are estimated to be ₹3,515.02 and ₹3,195.47. By September, the share price is anticipated to reach a maximum of ₹3,595.87 and a minimum of ₹3,268.97,with a potential increase of approximately 10% . October’s projections indicate a maximum price target of ₹3,491.13 and a minimum of ₹3,173.76. In November, the estimated maximum and minimum prices are ₹3,560.96 and ₹3,237.23. Finally, by December 2023, the share price target is expected to reach a maximum of ₹3,667.78 and a minimum of ₹3,334.35,with a growth percentage of around 10% .
Overall, based on the provided data, Tube Investments of India Ltd demonstrates a consistent growth rate of approximately 10% in its share price targets throughout 2023.
SHARE PRICE TARGET 2024 OF TUBE INVESTMENTS OF INDIA
|When||Maximum Price||Minimum Price|
Tube’s share price target for 2024 demonstrates a mix of fluctuations and growth potential.In January 2024, the share price reached its maximum of ₹3,860.83, while the minimum was ₹3,357.24. As the months progressed, the stock price showed an upward trend, with February 2024 recording a maximum of ₹4,196.55 and a minimum of ₹3,649.17. Similarly, March 2024 saw a maximum price of ₹4,238.94 and a minimum of ₹3,686.03.
Though there was a slight dip in April 2024, with a maximum of ₹3,853.58 and a minimum of ₹3,350.94, the stock recovered in May 2024, recording a maximum of ₹3,211.32 and a minimum of ₹2,792.45.
June 2024 witnessed a return to the previous high range, with a maximum of ₹3,853.58 and a minimum of ₹3,350.94. However, July 2024 showed a dip in the share price, with a maximum of ₹3,275.54 and a minimum of ₹2,848.30.
As the year progressed, the share price picked up momentum again, reaching a maximum of ₹4,450.89 and a minimum of ₹3,870.34 in October 2024, and further climbing to a maximum of ₹4,673.43 and a minimum of ₹4,063.85 in November 2024.
By December 2024, the share price continued its upward trajectory, with the maximum reaching ₹4,766.90 and the minimum at ₹4,145.13.
Tube Investments experienced an average growth percentage of approximately 12.58% in its share price target for the year 2024. This indicates a significant potential for investors to benefit from the company’s stock performance.
SHARE PRICE TARGET 2025 OF TUBE INVESTMENTS OF INDIA
|When||Maximum Price||Minimum Price|
TUBE INVESTMENTS OF INDIA SHARE PRICE PREDICTION 2026-2030
|Year||Maximum Price||Minimum Price|
In 2026, the share price target ranges from a maximum of ₹4,047.63 to a minimum of ₹2,833.34. This suggests a potential growth percentage of approximately 43% between the minimum and maximum price targets. Moving into 2027, the share price target shows a decrease, with a potential growth percentage of around 43% between the minimum price target of ₹2,408.34 and the maximum price target of ₹3,440.48.
The year 2028 exhibits a significant jump in share price, with a potential growth percentage of approximately 43% between the minimum price target of ₹4,335.01 and the maximum price target of ₹6,192.87. 2029 continues the trend of substantial growth, with a potential increase of around 43% between the minimum price target of ₹8,904.78 and the maximum price target of ₹12,721.11.
Finally, in 2030, the share price target reaches its peak, with a potential growth percentage of approximately 43% between the minimum price target of ₹9,916.69 and the maximum price target of ₹14,166.69.
FINANCIAL CONDITION OF TUBE INVESTMENTS OF INDIA :LAST 5 YEARS
|Mar 2019||Mar 2020||Mar 2021||Mar 2022||Mar 2023|
|Profit before tax||378||403||365||1,152||1,748|
|EPS in Rs||12.81||16.31||14.28||39.85||49.48|
|Dividend Payout %||20%||21||25%||9%||7%|
Note: All figures are in Crore INR (except EPS) and percentages. “OPM” refers to Operating Profit Margin.
Tube Investments has exhibited a consistent financial performance over the years, with steady growth in sales and profitability.
In March 2019, Tube Investments recorded sales of ₹5,773 crore, which slightly decreased to ₹4,750 crore in March 2020. The following years showed substantial growth, with sales reaching ₹12,447 crore in March 2022 and further increasing to ₹14,965 crore in March 2023, indicating a positive sales trajectory. The operating profit margin (OPM %) remained within a narrow range, starting at 9% in March 2019 and reaching 13% in March 2023, showcasing stable operational efficiency.
Net profit demonstrated consistent growth, rising from ₹251 crore in March 2019 to ₹1,325 crore in March 2023. This positive trend is reflected in the earnings per share (EPS) figures, which increased from ₹12.81 in March 2019 to ₹49.48 in March 2023.
The dividend payout percentage remained relatively stable, ranging between 7% and 25% during the specified period, indicating the company’s commitment to distributing profits to its shareholders.
How Has The Earnings Per Share (EPS) Of Tube Investments Evolved Over Time?
The earnings per share (EPS) of Tube Investments has shown significant growth over the years. EPS increased from ₹12.81 in March 2019 to ₹49.48 in March 2023.
What is the share price target of Tube Investments for 2025?
Tube Investments share price might reach around ₹5,782 by the end of 2025.
What Is The Share Price Target Of Tube Investments For 2030?
Tube Investments share price might reach around ₹14,166 by the end of 2030.
How Has Tube’s Operating Profit Margin(OPM) Trended Over The Past Five Years?
The OPM of last five years are 9%,12%,11%,12% and 13%.
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In conclusion, Tube Investments of India has demonstrated a positive financial performance with consistent sales growth, effective cost management, and improved profitability. The company has shown a steady increase in net profit and earnings per share (EPS) over the years, indicating its ability to generate sustainable earnings and create value for shareholders.
Despite fluctuations in expenses and taxes, Tube Investments has managed to maintain profitability and efficiently allocate its resources.
The growth in earnings per share (EPS) is particularly noteworthy, climbing from ₹12.81 in March 2019 to ₹49.48 in March 2023. This indicates increased profitability and enhanced value for shareholders.
However, it is important to note that investment decisions should be based on a thorough analysis of the current market conditions, industry trends, and the company’s future prospects.