Tube Investment of India (TII) is a flagship company of Murugappa group. It is one of the leading product manufacture for major industries such as Automotive, Railway, Construction, Mining, etc. Post consolidation Q2FY22 revenue grew by 133% YoY (Not comparable). Margin contracted by 210bps due to RM cost. TIIs strategy to de-risk from the auto sector (Revenue mix 70%) and concentrate more on industrial segments through acquisitions or inorganic growth, to support long term revenue visibility....