Tube Investments Share Price

The revenue for the September 2022 quarter is pegged at Rs. 19058.60 millions, about 14.35% up against Rs. 16666.50 millions recorded during the year-ago period.A slim rise of 17.33% was recorded in the Net profit for the quarter ended September 2022 to Rs. 1424.60  millions  From Rs. 1214.20 millions.Operating profit surged to 2656.70 millions from the corresponding previous quarter of 2025.10 millions.

With no major difference for the quarter endedDecember 2022 , the total revenue stood at Rs. 17096.90  millions.Modest increase of 14.35% in the Net Profit was reported from. 1204.30 millions to Rs. 1377.10  millions.Operating Profit saw a handsome growth to 2315.20 millions from 2017.40 millions in the quarter ended December 2022.

Earlier, the company had entered into definitive agreements for this acquisition

Tube Investments of India is currently trading at Rs. 2763.70, up by 31.65 points or 1.16% from its previous closing of Rs. 2732.05 on the BSE.

The scrip opened at Rs. 2765.00 and has touched a high and low of Rs. 2771.95 and Rs. 2748.00 respectively. So far 2187 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2823.00 on 12-Sep-2022 and a 52 week low of Rs. 1281.00 on 07-Oct-2021.

Last one week high and low of the scrip stood at Rs. 2792.75 and Rs. 2485.00 respectively. The current market cap of the company is Rs. 52732.65 crore.

The promoters holding in the company stood at 46.45%, while Institutions and Non-Institutions held 40.60% and 12.95% respectively.

Tube Investments of India’s wholly owned subsidiary -- Tl Clean Mobility (TICMPL) has acquired 13,836 equity shares of the face value of Rs 10 each, representing about 65.2% of the subscribed and paid up equity share capital of IPLTech Electric (IPLT). IPLT is a startup engaged in manufacturing and sale of electric heavy commercial vehicles. Earlier, the company had entered into definitive agreements for this acquisition.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

Total consolidated income of the company increased by 15.93% at Rs 3812.94 crore for Q2FY23

Tube Investments of India is currently trading at Rs. 2895.20, up by 11.10 points or 0.38% from its previous closing of Rs. 2884.10 on the BSE.

The scrip opened at Rs. 2895.00 and has touched a high and low of Rs. 2968.00 and Rs. 2888.70 respectively. So far 9563 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2,968.00 on 07-Nov-2022 and a 52 week low of Rs. 1440.00 on 09-Mar-2022.

Last one week high and low of the scrip stood at Rs. 2,968.00 and Rs. 2664.75 respectively. The current market cap of the company is Rs. 55892.30 crore.

The promoters holding in the company stood at 46.45%, while Institutions and Non-Institutions held 40.81% and 12.74% respectively.

Tube Investments of India has reported results for second quarter ended September 30, 2022.

The company has reported a rise of 17.33% in its net profit at Rs 142.46 crore for the quarter under review as compared to Rs 121.42 crore for the same quarter in the previous year. Total income of the company increased by 14.55% at Rs 1920.32 crore for Q2FY23 as compared Rs 1676.35 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 19.57% in its net profit at Rs 277.27 crore for the quarter under review as compared to Rs 231.88 crore for the same quarter in the previous year. Total income of the company increased by 15.93% at Rs 3812.94 crore for Q2FY23 as compared Rs 3289.03 crore for the corresponding quarter previous year.

The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company

Tube Investments of India is currently trading at Rs. 2685.65, up by 83.40 points or 3.20% from its previous closing of Rs. 2602.25 on the BSE.

The scrip opened at Rs. 2634.75 and has touched a high and low of Rs. 2724.90 and Rs. 2602.25 respectively. So far 7560 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2968.00 on 07-Nov-2022 and a 52 week low of Rs. 1440.00 on 09-Mar-2022.

Last one week high and low of the scrip stood at Rs. 2724.90 and Rs. 2534.10 respectively. The current market cap of the company is Rs. 52454.71 crore.

The promoters holding in the company stood at 46.45%, while Institutions and Non-Institutions held 40.81% and 12.74% respectively.

Tube Investments of India has acquired 50% equity stake in X2Fuels and Energy (X2Fuels). X2Fuels is an early-stage start-up incubated at the National Centre for Combustion Research and Development (NCCRD) at IIT Madras. It was awarded the 3rd prize in the New Generation Ideation Contest conducted by HPCL Green R&D Centre in 2020. The acquisition would be by subscribing to 10,753 equity shares for a total consideration of Rs 6.15 crore.

The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company

Tube Investments of India is currently trading at Rs.2550.00, up by 54.30 points or 2.18% from its previous closing of Rs. 2495.70 on the BSE.

The scrip opened at Rs. 2510.90 and has touched a high and low of Rs. 2562.75 and Rs. 2510.90 respectively. So far 1403 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3046.25 on 20-Dec-2022 and a 52 week low of Rs. 1440.00 on 09-Mar-2022.

Last one week high and low of the scrip stood at Rs. 2574.00 and Rs. 2375.05 respectively. The current market cap of the company is Rs. 48975.40 crore.

The promoters holding in the company stood at 46.43%, while Institutions and Non-Institutions held 41.03% and 12.54% respectively.

Tube Investments of India has acquired 10,753 equity shares of the face value of Rs 10 each, representing 50% of the subscribed and paid up share capital of X2Fuels and Energy. X2Fuels is an early-stage start-up incubated at the National Centre for Combustion Research and Development (NCCRD) at IIT Madras. The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

The company is planning to invest up to Rs 285 crore and NG will be investing up to Rs 15 crore in the form of equity and compulsorily convertible preference shares

Tube Investments of India is currently trading at Rs. 2735.00, up by 31.20 points or 1.15% from its previous closing of Rs. 2703.80 on the BSE.

The scrip opened at Rs. 2683.00 and has touched a high and low of Rs. 2742.40 and Rs. 2683.00 respectively. So far 2602 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3046.25 on 20-Dec-2022 and a 52 week low of Rs. 1455.15 on 15-Mar-2022.

Last one week high and low of the scrip stood at Rs. 2811.00 and Rs. 2619.20 respectively. The current market cap of the company is Rs. 52626.19 crore.

The promoters holding in the company stood at 46.43%, while Institutions and Non-Institutions held 41.03% and 12.54% respectively.

Tube Investments of India (TII) has entered into an agreement with N. Govindarajan (NG) to incorporate a subsidiary for pursuing the Contract Development and Manufacturing Operations (CDMO) business, subject to the approval of the Shareholders of TII. The company is planning to invest up to Rs 285 crore and NG will be investing up to Rs 15 crore in the form of equity and compulsorily convertible preference shares.

The company is looking at new platforms to complement the existing businesses for its future growth as part of its long term strategy and has identified CDMO as a new line of business with the potential to grow and expand in the future.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

TII will acquire 67% while Premji Invest will acquire the balance 33%

Tube Investments of India is currently trading at Rs. 2529.25, up by 34.60 points or 1.39% from its previous closing of Rs. 2494.65 on the BSE.

The scrip opened at Rs. 2494.75 and has touched a high and low of Rs. 2546.50 and Rs. 2487.15 respectively. So far 944 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3046.25 on 20-Dec-2022 and a 52 week low of Rs. 1458.70 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 2574.95 and Rs. 2432.00 respectively. The current market cap of the company is Rs. 48935.92 crore.

The promoters holding in the company stood at 46.43%, while Institutions and Non-Institutions held 41.03% and 12.54% respectively.

Tube Investments of India (TII) and Premji Invest (through PI Opportunities Fund I Scheme II) have signed a Share Purchase agreement (SPA) to acquire 100% equity capital of Lotus Surgicals (‘Lotus’) from India Medical Consumables Holdings (a Samara Capital entity) and other shareholders. TII will acquire 67% while Premji Invest will acquire the balance 33% subject to completion of certain conditions precedent. Currently, Lotus is engaged in the business of wound closure products.

TII will invest up to Rs 233 crore and Premji Invest will invest up to Rs 115 crore to acquire equity shares from the existing shareholders of Lotus. The acquisition is the first step for TII and PI to initiate a Medtech Platform partnership. The platform aims to scale up through both organic growth and inorganic acquisitions. The platform draws inspiration from the vision of ‘Atmanirbhar Bharat’ and aspires to become a global platform to design, manufacture and distribute innovative world class medical products at affordable price points.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

Rs.2.0000 per share(200%)Interim Dividend

Quarterly Results & Interim Dividend

Rs.1.5000 per share(150%)Final Dividend

Final Dividend & Audited Results Inter alia, to consider long-term borrowings inter alia through issue of non-convertible debentures during FY 2022-23, in one or more tranches.

Rs.2.0000 per share(200%)Interim Dividend

Quarterly Results & Interim Dividend

Quarterly Results

Earlier, the company had entered into definitive agreements for this acquisition

Tube Investments of India’s wholly owned subsidiary -- Tl Clean Mobility (TICMPL) has acquired 13,836 equity shares of the face value of Rs 10 each, representing about 65.2% of the subscribed and paid up equity share capital of IPLTech Electric (IPLT). IPLT is a startup engaged in manufacturing and sale of electric heavy commercial vehicles. Earlier, the company had entered into definitive agreements for this acquisition.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

Total consolidated income of the company increased by 15.93% at Rs 3812.94 crore for Q2FY23

Tube Investments of India has reported results for second quarter ended September 30, 2022.

The company has reported a rise of 17.33% in its net profit at Rs 142.46 crore for the quarter under review as compared to Rs 121.42 crore for the same quarter in the previous year. Total income of the company increased by 14.55% at Rs 1920.32 crore for Q2FY23 as compared Rs 1676.35 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 19.57% in its net profit at Rs 277.27 crore for the quarter under review as compared to Rs 231.88 crore for the same quarter in the previous year. Total income of the company increased by 15.93% at Rs 3812.94 crore for Q2FY23 as compared Rs 3289.03 crore for the corresponding quarter previous year.

The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company

Tube Investments of India has acquired 50% equity stake in X2Fuels and Energy (X2Fuels). X2Fuels is an early-stage start-up incubated at the National Centre for Combustion Research and Development (NCCRD) at IIT Madras. It was awarded the 3rd prize in the New Generation Ideation Contest conducted by HPCL Green R&D Centre in 2020. The acquisition would be by subscribing to 10,753 equity shares for a total consideration of Rs 6.15 crore.

The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

Post-acquisition, Cellestial will become wholly-owned subsidiary of TICMPL

Tube Investments of India’s wholly-owned subsidiary--- TI Clean Mobility (TICMPL) has entered into Share Purchase Agreement for acquisition of remaining 30.04% equity shares held by the founders of Cellestial E-Mobility for an aggregate consideration of up to Rs 50.90 crore. The proposed investment is part of TICMPL's plan to consolidate its holding in the electric tractors business. Post-acquisition, Cellestial will become wholly-owned subsidiary of TICMPL.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company

Tube Investments of India has acquired 10,753 equity shares of the face value of Rs 10 each, representing 50% of the subscribed and paid up share capital of X2Fuels and Energy. X2Fuels is an early-stage start-up incubated at the National Centre for Combustion Research and Development (NCCRD) at IIT Madras. The proposed investment is in line with the Company's intent to invest in start-ups engaged in innovative research and product development in fields/activities of interest to the Company.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

TICM is focused on manufacturing and marketing of electric three-wheelers

Tube Investments of India’s (TII)  wholly-owned subsidiary -- TI Clean Mobility (TICM) is planning to raise Rs 3,000 crore by March 2024 to fuel its electric vehicle business. TICM is focused on manufacturing and marketing of electric three-wheelers. It is also into the manufacturing and marketing of e-tractors an electric heavy commercial vehicles through its subsidiaries. It has signed definitive documents with TII, Multiples Private Equity Fund III, State Bank of India along with other co-investors to raise capital up to Rs 1,950 crore in the form of equity and compulsorily converted preferential shares (CCPS). The total investment by Multiples, SBI and other co-investors would aggregate up to Rs 1,200 crore. Investment by TII will be to the tune of Rs 750 crore, of which it has already invested Rs 639 crore by way of equity and ICD.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

The company is planning to invest up to Rs 285 crore and NG will be investing up to Rs 15 crore in the form of equity and compulsorily convertible preference shares

Tube Investments of India (TII) has entered into an agreement with N. Govindarajan (NG) to incorporate a subsidiary for pursuing the Contract Development and Manufacturing Operations (CDMO) business, subject to the approval of the Shareholders of TII. The company is planning to invest up to Rs 285 crore and NG will be investing up to Rs 15 crore in the form of equity and compulsorily convertible preference shares.

The company is looking at new platforms to complement the existing businesses for its future growth as part of its long term strategy and has identified CDMO as a new line of business with the potential to grow and expand in the future.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.

TII will acquire 67% while Premji Invest will acquire the balance 33%

Tube Investments of India (TII) and Premji Invest (through PI Opportunities Fund I Scheme II) have signed a Share Purchase agreement (SPA) to acquire 100% equity capital of Lotus Surgicals (‘Lotus’) from India Medical Consumables Holdings (a Samara Capital entity) and other shareholders. TII will acquire 67% while Premji Invest will acquire the balance 33% subject to completion of certain conditions precedent. Currently, Lotus is engaged in the business of wound closure products.

TII will invest up to Rs 233 crore and Premji Invest will invest up to Rs 115 crore to acquire equity shares from the existing shareholders of Lotus. The acquisition is the first step for TII and PI to initiate a Medtech Platform partnership. The platform aims to scale up through both organic growth and inorganic acquisitions. The platform draws inspiration from the vision of ‘Atmanirbhar Bharat’ and aspires to become a global platform to design, manufacture and distribute innovative world class medical products at affordable price points.

Tube Investments of India was formed by merging TI Cycles of India and Tube Products of India. The company is in to the business of manufacturing metal products.