Tube Investments Share Price: Tube Investments shares up 1.42% as Nifty gains
The stock opened at Rs 3984.8 and touched an intraday high and low of Rs 4001.0 and Rs 3930.75, respectively, in the session so far. Shares of the company of Tube Investments of India Ltd. quoted a 52-week high of Rs 4159.5 and a 52-week low of Rs 2729.1.
As per BSE, the total market cap of the Tube Investments of India Ltd. stood at Rs 77066.92 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 4573.48 crore for the quarter ended 31-Mar-2024, up 7.48 per cent from previous quarter’s Rs 4255.19 crore and up 19.62 per cent from the year-ago quarter’s Rs 3823.42 crore.
The net profit for latest quarter stood at Rs 189.53 crore, down 39.22 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, DIIs held 9.98 per cent stake in the firm, while foreign institutional investors held 28.32 per cent and the promoters 44.83 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 64.28 and a price-to-book ratio of 14.15. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Tube Investments of India Ltd. belongs to the Cycles & Accessories industry.