AgenciesThe counter opened at Rs 2899.25 and touched an intraday high and low of Rs 2902.75 and Rs 2886.05, respectively, in the session so far. Shares of the company of Tube Investments of India Ltd. quoted a 52-week high of Rs 3046.25 and a 52-week low of Rs 1458.7.
As per BSE, the total market cap of the Tube Investments of India Ltd. stood at Rs 55784.86 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 3823.42 crore for the quarter ended 31-Mar-2023, up 2.89 per cent from previous quarter's Rs 3716.1 crore and up 10.91 per cent from the year-ago quarter's Rs 3447.25 crore.
The net profit for latest quarter stood at Rs 311.84 crore, up 74.41 per cent from the corresponding quarter last year.
As of 31-Dec-2022, domestic institutional investors held 10.34 per cent stake in the firm, while foreign institutional investors held 28.92 per cent and the promoters 45.95 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 58.54 and a price-to-book ratio of 10.18. 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.
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