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Engineering & auto components Historical case study · data as of 20 Jul 2026 · published 23 Oct 2026 (95 days later)

Tube Investments of India — 100-point case study

How Tube Investments of India looked on 50 technical and 50 fundamental measures on 20 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: TIINDIA · BSE: 540762
Close on 20 Jul 2026	₹2,886.90
Market cap then	₹55,882 crore
Valuation	P/E 50.0× · P/B 7.21×
Momentum	RSI (14) 39 · 1-year return -1.1%
Next 3 months	-26.8% vs Nifty 50 -5.9% (to 21 Oct 2026)

Scorecard

Technical — 50 points

7 bullish · 24 neutral · 1 caution · 17 bearish — the picture leaned negative.

Fundamental — 50 points

12 bullish · 34 neutral · 0 caution · 3 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Data note: Consolidated figures include listed subsidiaries such as CG Power and Shanthi Gears, which have large outside (minority) shareholders. Screener's consolidated Net Profit is total profit including the minority share, while EPS and P/E reflect only profit belonging to Tube Investments' own shareholders — so profit-based ratios computed from Net Profit can look better than the shareholders' share.

Technical analysis — 50 points

Calculated by code from daily prices up to 20 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope -0.59%/day	Bearish	Over the last 20 sessions the regression line of closing prices was falling about 0.59% a day — a short-term downtrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +3.5%	Bullish	The 100-session trend line was up (+0.21%/day) and the stock was +3.5% over three months, so the medium-term picture was bullish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return -1.1%	Neutral	Compared with a year earlier the price was -1.1%. Little net progress over twelve months. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 3,047.28 / 30W 2,759.17	Neutral	On the weekly chart the stock showed a weekly close tangled between the 10-week and 30-week averages. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 3,250.00→3,335.20; lows 2,990.30→2,962.00	Neutral	The two most recent swing points showed a higher high but a lower low — mixed structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	24.3	Bearish	ADX at 24.3 shows a trend of moderate strength. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 16.4 / –DI 30.7	Bearish	–DI was above +DI: sellers had the upper hand in directional movement. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	3,012.44 (-4.2%)	Bearish	Close of 2,886.90 was 4.2% below the 20-day SMA — the short-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	3,041.43 (-5.1%)	Bearish	Close of 2,886.90 was 5.1% below the 50-day SMA — the medium-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	2,818.53 (+2.4%)	Bullish	Close of 2,886.90 was 2.4% above the 200-day SMA — the long-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 2,930.74 / 21E 2,987.73	Bearish	The 9-day EMA was below the 21-day EMA; the last crossover happened on 02 Jul 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	last golden cross 02 Jun 2026	Bullish	The 50-day average was 7.9% above the 200-day. The most recent signal was a golden cross on 02 Jun 2026. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+1.7% in 20 sessions	Bullish	The 50-day average rose 1.7% over the past month — rising. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	3,012 / 3,041 / 2,877 / 2,819	Neutral	The 20/50/100/200-day averages were tangled — no clean order, typical of a transition or range. Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	2,985.03 (-3.3%)	Bearish	Anchored to the start of July, the volume-weighted average price was 2,985.03; the close was below it — buyers that month were on average under water. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	38.8	Bearish	RSI at 38.8 reflected soft, below-average momentum. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	bearish divergence	Caution	Comparing the last 20 sessions with the 20 before: bearish divergence: price made a higher high but RSI made a lower high. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD -50.63 / signal -35.91	Bearish	MACD was below its signal line — momentum turning or staying negative. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-25.40 → -14.72	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	-50.63	Bearish	MACD below zero means the 12-day EMA was below the 26-day EMA — a negative momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 26.5 / %D 28.5	Bearish	Slow stochastic at 26.5 was mid-range with %K below %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-78.7	Neutral	%R of -78.7 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	-97	Neutral	CCI at -97 was within the normal ±100 band. Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	-4.0%	Bearish	Price changed -4.0% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.24 (bands 2,771.56–3,253.32)	Neutral	%B of 0.24 — inside the bands, lower half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 16.0% (43rd pct of 6M)	Neutral	Band width was at the 43rd percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹87.83 (3.0% of price)	Neutral	A typical day's range was about ₹87.83, or 3.0% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	31.7% vs 1Y 33.6%	Neutral	Annualised 30-day volatility was 31.7%, close to the one-year level of 33.6%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	2,817.44–3,151.80	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.22	Neutral	A beta of 1.22 means the stock tended to move more than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.82× / 5-day 0.63×	Neutral	The final session traded 0.82× its 20-day average volume and the last five sessions averaged 0.63× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 0.70	Bearish	Average volume on up days was 0.70× that on down days — distribution-leaning. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV falling	Bearish	OBV fell over the month while price fell — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	falling (20d)	Bearish	The A/D line fell, meaning closes tended to be in the lower part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	-0.25	Bearish	CMF at -0.25 indicated net outflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	35.6	Bearish	MFI, a volume-weighted RSI, was 35.6. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹75 cr/day	Neutral	About ₹75 crore changed hands per day on average over 20 sessions — liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	2,821.60 / 2,772.00 / 2,729.30	Neutral	Nearest support (prior swing lows) sat at 2,821.60, 2.3% below the close, then 2,772.00, 2,729.30. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	3,005.00 / 3,185.42 / 3,324.00	Neutral	Nearest resistance (prior swing highs) sat at 3,005.00, 4.1% above the close, then 3,185.42, 3,324.00. How to read: Information only.
40	Monthly pivot points (for next month)	P 2,945.60 \| R1 3,069.60 \| S1 2,762.90	Neutral	Classic pivots from July's high/low/close gave a pivot of 2,945.60; the close was below it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 3,059 \| 38.2% 2,888 \| 50.0% 2,750 \| 61.8% 2,612	Neutral	Measuring the 6-month rise from 2,164.90 to 3,335.20, the close was nearest the 38.2% retracement at 2,888.15. How to read: Information only.
42	52-week high / low	H 3,419.90 / L 2,164.90	Neutral	The close was 15.6% below the 52-week high and 33.4% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	1 open; latest gap-up 08 Apr at 2,609.00	Neutral	There was 1 unfilled gap(s). The latest, a gap-up on 08 Apr 2026, left an open level at 2,609.00 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	pullback inside a larger uptrend	Neutral	Rule-based pattern scan: pullback inside a larger uptrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 2,821.60–3,335.20	Neutral	The close was inside the prior 20-day range of 2,821.60–3,335.20. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Doji	Neutral	On 20 Jul the candle opened 2,892.00, ranged 2,842.20–2,905.20 and closed 2,886.90: Doji — indecision. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 2,861.40–3,027.85; Tenkan 2,918.55 / Kijun 3,078.40	Neutral	Price was inside the cloud and the Tenkan line was below the Kijun line — an undecided Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M -11.6% / 3M +3.9%	Bullish	The stock outperformed the Nifty 50 by 3.9 points over three months and underperformed by 11.6 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M +23.3%	Bullish	No sector index in today's data set, so we show the 6-month comparison instead: 23.3 points ahead of the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	7 bullish · 17 bearish · 24 neutral · 1 caution	Bearish	Across the 49 readings the technical picture leaned negative. Levels that mattered: support 2,821.60, resistance 3,005.00. This is a description of the chart on 20 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 20 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 20 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	50.0×	Neutral	At ₹2,886.90 the market valued the company at about ₹55,882 crore, or 50.0× the ₹1,118 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	7.21×	Neutral	Market cap was 7.21× the Mar 2026 book value (equity + reserves) of ₹7,751 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	2.45×	Neutral	The company was valued at 2.45× its trailing-12-month sales of ₹22,848 crore. How to read: Information only.
4	EV / EBITDA (approx.)	25.1×	Neutral	Enterprise value (market cap + ₹754 cr borrowings; cash not netted) was 25.1× trailing operating profit of ₹2,258 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	2.0%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹2.0 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	n/m	Neutral	PEG is not meaningful because 3-year profit growth was -5.5%. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	0.12%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹3.5 a share, a 0.12% yield on the ₹2,886.90 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹55,882 cr	Neutral	At about ₹0.56 lakh crore the company was a mid-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹721.36 vs ₹2,886.90	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹721.36; the price was 300% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+17.4%	Bullish	Revenue for FY26 was ₹22,847 crore, +17.4% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+20.7%	Bullish	The Jan–Mar 2026 quarter brought ₹6,215 crore of revenue, +20.7% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+6.1%	Neutral	FY26 net profit was ₹1,118 crore, +6.1% on FY25's ₹1,054 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+48.1%	Bullish	Quarterly profit was ₹234 crore versus ₹158 crore a year earlier (+48.1%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	15.1%	Bullish	Revenue compounded at 15.1% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	-5.5%	Bearish	Net profit compounded at -5.5% a year from FY23 to FY26. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	30.3%	Bullish	Over five years (FY21–FY26) revenue compounded at 30.3% a year. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	-5.5%	Bearish	Reported EPS went from ₹34.82 to ₹32.90 (-5.5%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	10%	Neutral	Operating profit (EBITDA) was 10% of sales in FY26 versus 10% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	10% → 10% → 10% → 9%	Neutral	Quarterly margins moved from 10% to 9% over the last four quarters — broadly stable. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	4.9%	Neutral	₹4.9 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	16.8%	Neutral	FY26 profit was 16.8% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	17%	Neutral	Return on capital employed (debt + equity) was 17% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	5.22%	Neutral	Net profit was 5.22% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	40%	Neutral	The company paid about 40% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	17%	Neutral	Non-operating 'other income' of ₹317 crore made up 17% of pre-tax profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.10	Bullish	Borrowings of ₹754 crore were 0.10× equity — very low leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	0.33×	Bullish	Debt equalled 0.33 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	24.4×	Bullish	Earnings before interest and tax covered interest cost 24.4 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+40.0%	Bullish	Shareholders' equity grew +40.0% from ₹5,535 crore to ₹7,751 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹895 cr (14% of fixed assets)	Neutral	Projects under construction (CWIP) were 14% of fixed assets — a modest pipeline. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	52 days	Neutral	Working capital tied up equalled 52 days of sales (FY25: 24). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	41 days	Neutral	It took 41 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	70 (FY25 62)	Neutral	Customers took 70 days on average to pay, versus 62 a year earlier. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹1,161 cr	Neutral	The business generated ₹1,161 crore of operating cash in FY26 versus ₹1,185 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	n/a	Neutral	Free cash flow line not available on source page. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	1.04×	Bullish	Operating cash flow was 1.04× reported profit — profits were well backed by cash. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	n/a	Neutral	Not available. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	n/a	Neutral	Not available. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	n/a	Neutral	Not available. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	11%	Neutral	The company paid out about 11% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	6% / 10% / 11%	Bullish	Payout ratios for FY24 / FY25 / FY26 — dividends were paid every year. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+0.0%	Neutral	Paid-up equity capital changed +0.0% (₹19 cr → ₹19 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	44.05% (-0.06 pts YoY)	Neutral	Promoters owned 44.05% at Mar 2026 versus 44.11% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	21.42% (-5.51 pts YoY)	Bearish	FIIs held 21.42% at Mar 2026, down from 26.93% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	21.75% (+5.63 pts YoY)	Bullish	Mutual funds, insurers and other DIIs held 21.75%, up from 16.12%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	1.1 lakh (+3.8% YoY)	Neutral	The shareholder count moved from 1.0 lakh to 1.1 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	6/8	Neutral	Passed: positive profit, positive operating cash flow, CFO > net profit, leverage fell, operating margin improved, no meaningful dilution (<3%). Failed: ROA improved, asset turnover improved. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	0 strength(s) · 1 weakness(es)	Neutral	No strengths flagged. Weaknesses: Dividend payout has been low at 8.78% of profits over last 3 years. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	12 bullish · 3 bearish · 34 neutral · 0 caution	Bullish	On the numbers published by 20 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 50.0×, P/B 7.21×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 20 Apr 2026 – 20 Jul 2026 that an investor could have known on the snapshot date.

13 May 2026 Tube Investments Q4 Revenue Rises 21% To ₹6,215 Crore, Profit Climbs 47% — Q4 FY26 consolidated revenue from operations rose 20.7% YoY to Rs 6,214.8 crore and consolidated PAT rose 46.7% to Rs 232.1 crore; FY26 consolidated revenue was Rs 22,847.4 crore, up 17.4%. source
13 May 2026 Tube Investments of India fixes record date for final dividend — Board recommended a final dividend of Rs 1.50 per share for FY26 (total FY26 dividend Rs 3.50 incl. Rs 2 interim) with 7 August 2026 as record date, subject to AGM approval. source
13 May 2026 Board of Tube Investments of India approves LT borrowing up to Rs 350 cr — Board approved raising up to Rs 350 crore via privately placed secured non-convertible debentures during FY2026-27. source
27 May 2026 Tube Investments of India in Q4 FY2026: cash-led core, multi-engine bets — Earnings-call review: FY26 standalone revenue Rs 8,556 crore, free cash flow Rs 826 crore; management said commodity cost increases are passed on with a one-to-two-quarter lag; standalone capex guided at about Rs 300-350 crore for FY27; TI Clean Mobility and TI Medical may need more funding. source
29 Jun 2026 Tube Investments of India appoints Chief People Officer — S Venkataraman was appointed Chief People Officer and Senior Management Personnel; R B Selvakumar moved to a business role. source

What happened next (20 Jul 2026 → 21 Oct 2026)

Price went from ₹2,886.90 to ₹2,113.90 by 21 Oct 2026 (-26.8%) while the Nifty 50 moved -5.9% — underperforming by 20.9 points.
Highest ₹2,989.00 on 18 Aug 2026; lowest ₹2,100.50 on 21 Oct 2026.
S1 2,821.60: broken on a closing basis on 24 Jul 2026.
S2 2,772.00: broken on a closing basis on 24 Jul 2026.
R1 3,005.00: not cleared on a closing basis.
R2 3,185.42: not cleared on a closing basis.
200-day SMA: price was above it at the snapshot and crossed below on 24 Jul 2026.
Apr–Jun 2026 results (reported 14 Aug 2026): revenue ₹6,215 crore (+17.1% YoY), net profit ₹294 crore (-3.0% YoY), operating margin 9% vs 10% a year earlier (Screener consolidated figures).

Later news

14 Aug 2026 Tube Investment Q1 FY27 Results: Revenue Rs 6215 Cr, PAT Rs 294 Cr — Q1 FY27 consolidated revenue rose 17% YoY to Rs 6,215 crore; consolidated PAT Rs 294 crore vs Rs 303 crore a year earlier. Profit attributable to shareholders was reported separately at about Rs 169-170 crore. source
14 Aug 2026 Tube Investments of India consolidated net profit declines 15.25% in the June 2026 quarter — Net profit (attributable) fell to Rs 168.55 crore from Rs 198.87 crore; OPM narrowed to 9.07% from 10.56%; PBT Rs 460.78 crore vs Rs 448.99 crore. source
18 Aug 2026 Tube Investments of India Share Price Gains Over 8% Post Q1FY27 Earnings Results — Shares rose about 8% after the earnings call; Engineering segment revenue rose to Rs 1,566 crore with flat PBIT of Rs 153 crore; Metal Formed Products PBIT fell to Rs 27.55 crore. source
21 Aug 2026 Shanthi Gears Share Price Gains Over 18%; Tube Investments Raises Stake to 73.16% — TII bought 20,64,713 shares of listed subsidiary Shanthi Gears via block deal for about Rs 77.49 crore, raising its stake from 70.46% to 73.16%. source
29 Sep 2026 Tube Investments of India Invests Rs 250 Crore in Subsidiary TI Clean Mobility — TII subscribed to 2.5 crore Series C CCPS of Rs 100 each in EV subsidiary TI Clean Mobility (Montra Electric) to scale its operations. source
21 Oct 2026 Tube Investments of India (TIINDIA) Share Price hits fresh 52-week low — Stock touched a 52-week low of about Rs 2,128 intraday; the article states no company-specific catalyst was established. source

Educational summary. On 20 Jul 2026 the technical picture leaned negative and the fundamental picture leaned positive. Over the next three months the stock moved -26.8% against -5.9% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Tube Investments of India today.

Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 23 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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