3096.7000 -1.90 (-0.06%)
NSE Sep 30, 2025 15:52 PM
Volume: 251.5K
 

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Tube Investments of India Ltd.
29 May 2020, 12:00AM
3096.70
-0.06%
ICICI Securities Limited
Going forward, with TII being the sole credible bicycle player in the listed space, its strong focus on return ratios matrix (RoE, RoCE at ~18%) and cash generation ability (CFO yield at ~10%, FCF yield at ~6%), lead us to build a positive stance on the company. Consequently, we assign BUY rating on TII with a target price of | 425, valuing it at 26x P/E on FY20P EPS of | 16.3/share. Key risk to our call is more than expected delay in demand...
Tube Investments of .. has an average target of 3595.50 from 2 brokers.
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