649.35 26.80 (4.30%)
NSEOct 27, 2020 03:31 PM
The 1 reports from 1 analysts offering long term price targets for Tube Investments of India Ltd. have an average target of 425.00. The consensus estimate represents a downside of -34.55% from the last price of 649.35.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-05-29||Tube Investments of ..||ICICI Securities Limited||367.50||425.00||367.50 (76.69%)||Target met||Buy|
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...
|2016-11-30||Tube Investments of ..||AUM Capital||173.80||173.80 (273.62%)||Buy|
Tube Investments of India Limited (TIIL) is engaged in manufacturing of bicycles, fitness equipment, electric scooters in the cycle segment; tubes, strips and tubular components in the engineering segment; car doorframes & channels, automotive and industrial gears in the metal formed products segment. TIIL offers two well established brands of bicycles- BSA' & Hercules' and indigenously developed...