Tube Investments Of India Limited · NSE:TIINDIA
Tube Investments Of India — Q2 FY2026 Earnings Presentation
58 slides from Tube Investments Of India's earnings presentation, November 2025
Slide 1: Tube Investments of India Limited Corporate Presentation Q2 FY 2025-26
TUBE INVESTMENTS OF INDIA LIMITED Corporate Presentation Q2 FY 2025-26
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements,” including those relating to general business plans and strategy of Murugappa Group and Group Companies, future outlook and growth prospects, and future
Slide 3: Group Overview
Group Overview |
Slide 4: Group Companies – Listed & Unlisted
Group Companies – Listed & Unlisted Agriculture Engineering CG Power Financial Services TI Clean Electric Mobility Pvt Ltd IPL Tech Jayem Vehicles Others
Slide 5: The Philosophy We Cherish
The Philosophy We Cherish @ G roup “The fundamental principle of economic activity is that Philosophy | 37203°°°3".. - An excerpt from
Slide 6: About TII
About TII
Slide 7: TII in Nutshell
TII in Nutshell o Largest manufacturer of cold drawn welded steel tubes in India Tube Products of India TI Cycles of India Industrial Chains o Market leader of transmission chains (TPI) (TICI) (IC) in India & 2nd largest manufacturer of cycles transmission chains in India o 35+ Manufacturing locatio
Slide 8: Market Capitalisation
Market Capitalisation ₹ Crores CAGR +44% 72,267 59,920 53,585 49,173 31,258 22,984 4,171 7,189 5,148 Mar’18 Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 Mar’24 Mar’25 Sep’25 Period Mar’18 Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 Mar’24 Mar’25 Sep’25 Share Price as ₹222 ₹383 ₹274 ₹1,192 ₹1,620 ₹2,547 ₹3,737 ₹2,769 ₹
Slide 9: Shareholding Pattern
Shareholding Pattern As of 30th September 2025 Others 13% Domestic Institutions 18% Promoter & 44% Promoter Group 25% FII Promoter Shareholding of 44% includes Ambadi Investment Limited 36% and Others 8%
Slide 10: TII Performance Trends
TII Performance Trends ₹ Crores Revenue from operations (net of intersegment) Profit Before Tax (before exceptional items & FV Gain) 7,236 7,611 7,893 928 970 975 6,359 628 2,007 2,119 222 248 FY22 FY23 FY24 FY25 Q1 FY26 Q2 FY26 FY22 FY 23 FY 24 FY25 Q1 FY 26 Q2 FY 26 FCF & FCF/PAT% (before FV Gain)
Slide 11: TII Standalone Performance
TII Standalone Performance ₹ Crores Revenue from operations (net of intersegment) PBT & PBT% (before exceptional items) 11.8% 11.5% 10.9% 10.8% 4,025 4,126 435 473 2,065 2,119 225 250 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 FCF & FCF/PAT% ROIC% (pre-tax) 99% 76% 3
Slide 12: Business Segments
Business Segments Metal Formed Products TI Metal Forming is pioneer in Sheet Metal Formed Products, Fine Blanked Components, Engineering Business Industrial Chains, Motor Casings, etc. Tube Products of India (TPI) - Most preferred supplier of precision tubes, ERW and CDW to major automotive companie
Slide 13: Engineering Division
Engineering Division
Slide 14: Engineering Division
Engineering ❑ One of the World’s Largest manufacturer of Cold Drawn Welded Precision Tubes ❑ One of the leading precision tube manufacturer for the automotive Engineering industries Division ❑ Specially designed tubes for the hydraulic and pneumatic applications ❑ Precisely develop products based on
Slide 15: Key Strengths, Products & Manufacturing Locations
Key Strengths, Products & Manufacturing Locations Products Key Strengths Electric Resistant • Market leader and preferred Indian Cold Drawn Welded Tubes Welded Tubes supplier in CDW Tubes. Strengths Products • Major manufacturer with the engineering expertise to offer customized, application specifi
Slide 16: Awards
PARTNERSHIP DAY 2025 1.0NG TERM ABBOCIATION AWARD COST COMPETITIVENESS AWARD CONGRATULATIONS ‘TOBE INVESTMENTS OF INDIA LIMITED See a Cost Competitiveness Award from KYB Malaysia Weer INVESTMENT OF INDIA LTP Best Supplier in support ‘role ‘award from Gabriel Supplier Excellence award from NSK - USA
Slide 17: First Dispatch from Phaltan Plant
First Dispatch from Phaltan Plant
Slide 18: Engineering Division Performance
Engineering Division Performance ₹ Crores Revenue PBIT & PBIT% 12% 12% 12% 12% 2,588 2,680 319 318 1,323 1,382 162 164 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 FCF ROCE% 108 52 53 44 43 74 22 0 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD F
Slide 19: Metal Formed Products
—_ NEUNGS. — Metal Formed Products
Slide 20: Metal Formed Products
Metal Formed Products ❑ Specialized in manufacturing Cold roll formed sections and components ❑ Preferred supplier of Auto OEMs in various segments. Leader in manufacturing of car doorframes in India, servicing major OEMs in India. ❑ Has diversified product segments like Auto components (Chains, Kit
Slide 21: Key Strengths, Products & Manufacturing Locations
Key Strengths, Products & Manufacturing Locations Products Key Strengths • Market leader in automotive drive and cam chains. • Preferred supplier for roll formed car Auto Kits (Rombo Auto Chains & Diamond Brand) doorframes in India. Strengths Products • Capability to offer just-in-time service and l
Slide 22: Products
Products Door Frames Side Impact Beams Divisional Channels Cowl Cross Beam Cam Chains After Market Brands Railways Fine Blanked Products
Slide 23: Customer visit & Recognition
Customer visit & Recognition
Slide 24: Metal Formed Products Division Performance
Metal Formed Products Division Performance ₹ Crores Revenue PBIT & PBIT% 11% 11% 11% 762 774 10% 404 408 81 81 46 44 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 FCF ROCE% 66 56 44 47 51 48 46 43 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY
Slide 25: Mobility Division
Mobility Division
Slide 26: Bicycles Business
Bicycles Business ❑ Manufactures a wide range of Bicycles and accessories from Standard to Premium bicycles, including Performance bicycles for the fitness and adventure space o Special bicycles catering to all ages and customer profiles: kids, adolescent boys & girls, urban adults and performance c
Slide 27: Key Strengths, Products & Manufacturing Locations
Key Strengths, Products & Manufacturing Locations Key Strengths Products • Pioneer in Retail format of experiential stores - Track & Trail Urban, Track & Trail Sport and BSA Hercules Rural outlets. Premium Cycles Strengths Products • Omni-channel presence with unified online and in-store experience
Slide 28: Track & Trail Experience
Track & Trail Experience
Slide 29: Mobility Division Performance
Mobility Division Performance ₹ Crores Revenue PBIT & PBIT% 3% 2% 348 392 0% 168 194 4 11 -0.37 1 0% Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 FCF ROCE% 28 22 12 0.59 0.25 3 -1 -2 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26
Slide 30: Others
Others
Slide 31: Industrial Chains
Industrial Chains ❑ Manufacturer of Various classes of Industrial Chains – Roller Chains, Extended pitch chains, Rubber top chains, Hollow pin chains, Leaf chains, Attachment chains, Extended pin chains, Stainless steel chains, Accumulator chains ❑ Used for various applications – Material handling,
Slide 32: Others Performance (including Industrial Chains)
Others Performance (including Industrial Chains) ₹ Crores Revenue PBIT & PBIT% 8% 14% 4% 5% 490 463 243 227 36 18 24 9 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 FCF ROCE% 49 48 28 6 -1 13 19 -25 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD F
Slide 33: Subsidiaries and Associates
Subsidiaries and Associates
Slide 34: TI Clean Mobility Private Limited
TI Clean Mobility Private Limited
Slide 35: TI Clean Mobility Private Limited (TICMPL)
TI Clean Mobility Private Limited (TICMPL) Product Segment ✓ Electric 3W Auto ✓ Electric Tractors ✓ Electric M & HCV (through its Subsidiary IPLTech Electric Pvt Ltd – “IPLT”) ✓ Electric SCV (through its Subsidiary TIVOLT Electric Vehicles Pvt Ltd – “TIVOLT”) Funding ✓ TII has so far invested Rs. 25
Slide 36: Launch of Super Cargo in the 2025 auto expo
Launch of Super Cargo in the 2025 auto expo
Slide 37: India's 1st Electronic Tractor
Electronic Tractor INDIA’S 1ST ELECTRONIC TRACTOR TICMPL, Tractor segment, is India’s First Manufacturer of Electric Tractors. Our goal is to revolutionize eMobility in India by producing innovative automobiles that address sustainability and efficiency. Our E-tractors are cost effective, pollution
Slide 38: IPL Tech Electric Private Ltd (IPLT)
IPL Tech Electric Private Ltd (IPLT) • IPLT is a manufacturer of electric heavy commercial vehicles, which launched India’s first electric truck – RHINO 5536. • It also launched new RHINO 5538, India’s first heavy-duty electric truck with battery swapping technology • As of 30th September 2025, TI C
Slide 39: TIVOLT Electric Vehicles Private Limited
TIVOLT Electric Vehicles Private Limited • TICMPL, a subsidiary of the TII, entered into an agreement with Mr. Anand Jayachandran for pursuing electric small commercial vehicle business ("e-SCV') through a subsidiary to be incorporated by TICMPL, and subsequently in FY 2023-24, TICMPL incorporated a
Slide 40: Jayem Automotives Private Limited
Jayem Automotives Private Limited • Jayem Automotives Private Limited (JAYEM), held by TICMPL, is an automotive research & development company engaged in design, development, testing and manufacturing of a wide range of automotive components, systems and prototypes. • During the half-year ended 30th
Slide 41: CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions Limited ❑ Over 8 decades of presence in India ❑ One of top 10 World’s Transformer Manufacturer ❑ #1 motors manufacturer in India ❑ One of the largest manufacturers of Transformers & Switchgears in India ❑ Entered Semiconductor space by the acquisition of Renseas Ele
Slide 42: Key Business Verticals
Key Business Verticals POWER INDUSTRIALS Sub-segments Sub-segments Transformers and Drives & Switchgear EPD Railways Motors Stampings Reactors Automation Key Clientele Key Clientele
Slide 43: Industrials: Consistently among the top players
Industrials: Consistently among the top players Products Peers Customers LT Motors ABB, Siemens OEMs of Pumps, Compressors, Gear Box and Construction Motors Large Motors Bhel, ABB Equipment and industries such as power, transmission, oil and gas, cement, metals & mining and in railways transportatio
Slide 44: Power: Consistently among the top players
Power: Consistently among the top players Products Peers Customers EHV Instrument GE, ABB, BHEL Transformers Surge Arresters OBLUM, Lamco ❖Power Grid Corporation of India Limited (PGCIL) Gas Circuit Switchgears GE, Siemens Breakers ❖Nuclear Power Corporation of India Limited (NPCIL) MV Switchgear AB
Slide 45: CG Semi Private Limited
CG Semi Private Limited • CG Semi Private Limited (CG Semi), a subsidiary of CG Power and Industrial Solutions Limited (CGPISL), is a Joint Venture between CGPISL, Renesas Electronics Corporation and Stars Microelectronics (Thailand) Public Co. Ltd. • CG Semi provides Outsourced Semiconductor Assemb
Slide 46: CG Power – Standalone Financials
CG Power –Standalone Financials ₹ Crores Standalone Particulars Q2 24-25 Q2 25-26 YTD YTD Actuals Actuals 24-25 25-26 Revenue from Operations 2,270 2,649 4,377 5,293 PBIT 300 410 626 795 Interest 2 2 3 3 PBT 298 409 623 792 PAT 223 307 455 594
Slide 47: CG Power – Consolidated Financials
CG Power –Consolidated Financials ₹ Crores Consolidated Particulars Q2 24-25 Q2 25-26 YTD YTD Actuals Actuals 24-25 25-26 Revenue from Operations 2,413 2,923 4,640 5,801 PBIT 296 391 632 757 Interest 2 3 3 5 PBT 294 388 629 752 PAT 220 284 461 551
Slide 48: Shanthi Gears
Shanthi Gears ❑ Pioneer in gear manufacturing and ranks amongst India’s top gear manufacturers. ❑ Offers a comprehensive range of products and services – cutting edge gear solutions for a wide range of applications and specialized gear reconditioning services ❑ Has been the preferred name for gear a
Slide 49: Gear Business
Helical; Gears & Pinions; Worm Gear Box; Worm Spares; Products for Textiles & Foundry Gear David Brown Bharath Forge; GE; BHEL; Caterpillar, Siemens; TATA; Indian Railways; Business Areva; ELGI; Kone Cranes; Cummins; UniGear; Clean Energy; L&T; Voith etc. 3 manufacturing units in Coimbatore
Slide 50: Products
Products Spur/ Helical Internal Worm and Straight Pinion Shaft Spiral Bevel Gear Gear Wheel Bevel Worm Gearboxes- Adaptable Worm Gearboxes- Standard Worm Gearboxes- Special Helical Gearboxes Bevel Helical Gearboxes
Slide 51: Shanthi Gears Limited Performance
Shanthi Gears Limited Performance ₹ Crores Revenue PBIT & PBIT% 21.9% 22.0% 21.4% 22.1% 294 267 63 59 155 132 34 29 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 FCF & FCF/PAT% ROIC% 88% 59% 53% 39 60 56 16% 46 48 25 13 4 Q2 FY 25 Q2 FY 26 YTD FY 25 YTD FY 26 Q2 FY 25 Q
Slide 52: SEDIS
SEDIS ❑ Specialized in designing chains for transmission, agricultural, lifting, adapted and conveyor. ❑ With 500+ technical distribution points in France, Sedis currently has the Number One distribution network for French industrial chains.
Slide 53: TI Medical
TI MEDICAL • TI Medical Private Limited (Previously known as LOTUS Surgicals Private Limited) is an established company engaged in the business of manufacturing and supply of medical and surgical consumables. • As of 30th September 2025, TII has invested Rs.245 Crores in TI Medical Private Limited.
Slide 54: 3xper Innoventure Limited (CDMO Business)
3xper Innoventure Limited (CDMO Business) • TII incorporated 3xper Innoventure Limited (3IL) by entering into an agreement with Mr. N Govindarajan (“NG”) Company will engage in Contract Development and Manufacturing Operation (CDMO) and active pharmaceutical ingredients business. • 3IL has a wholly-
Slide 55: Kcaltech System India Private Limited
Kcaltech System India Private Limited • On 31 January 2025, TII acquired 67% of the equity share capital of M/s. Kcaltech System India Private Limited ) by way of subscription to 2,24,08,313 fresh equity shares for a consideration of about ₹62 Cr. Balance 33% stake is held by Kcaltech Co Limited, Ko
Slide 56: Murugappa Group values
‘The light of INSEEGRITY that gives us the courage to always do the right thing The light of ‘The light of RESPONSIBILITY PASZION that gives us the humility to that provides us with think about the world around us the desire to win The light of ‘The light of PRESPECT QUALITY that inspires people whi
Slide 57: Contact us
Contact us Registered Office Tube Investments of India Ltd. 'Chola Crest', C 54 & C 55, Super B-4, Thiru Vi Ka Industrial Estate, Guindy, Chennai - 600 032 Phone: +91 44 42177770-6 www.tiindia.com Email ID S Krithika – Company Secretary KrithikaS@tii.murugappa.com AN Meyyappan – Chief Financial Offi
Slide 58: Thank you
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