CMP: 121


Tube Investments of India Limited is a diversified manufacturing company with a special focus on steel and steel products. The Company produces steel tubes, cold rolled steel strips and metal sections, as well as bicycles and all critical bicycle components. The Company also has a subsidiary that sells insurance.

Tube Investments is a decent bet in mid-cap space, a brand name that most will recognize by BSA & Hercules bicycles. Its currently trading at a P/E of little over 12 with excellent dividend yields of well above 2% in the last 12 months. Liabilities are little on the higher side, but has been calculatedly increased in time. Revenues have risen from 1615 Crores to 2981 Crores in the last 5 years. Profits have risen from 57 Crores to 170 Crores in the last 4 years. NPM has risen smartly from 3% to close to 6% over the last 4 years. Buy and hold for long term gains.