Tube Investments Of India Limited · NSE:TIINDIA
Tube Investments Of India — Q3 FY2024-25 Earnings Presentation
58 slides from Tube Investments Of India's earnings presentation, February 2025
Slide 1: Tube Investments of India Limited Corporate Presentation Q3 FY 2024-25
TUBE INVESTMENTS OF INDIA LIMITED Corporate Presentation Q3 FY 2024-25
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 IPL Tech Mobility Pvt Ltd Jayem Vehicles Others
Slide 5: Other Group Companies & JVs
Other Group Companies & JVs Volzhsky Abrasive Works
Slide 6: 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 7: About TII
About TII
Slide 8: 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 9: Market Capitalisation
Market Capitalisation INR Crores CAGR +61% 72,267 69,192 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 Dec’24 Share Price as at ₹222 ₹383 ₹274 ₹1,192 ₹1,620 ₹2,547 ₹3,737 ₹ 3,576 period end
Slide 10: Shareholding Pattern
Shareholding Pattern As of 31st Dec’24 Others 13% Domestic Institutions 15% Promoter & 44% Promoter Group 28% FII Promoter Shareholding of 44% includes Ambadi Investment Limited 36% and Others 8%
Slide 11: TII Performance Trends
TII Performance Trends INR Crores Revenue Profit Before Tax (before exceptional items) 7,236 7,611 928 970 6,359 5,935 4,256 628 644 381 FY21 FY22 FY 23 FY 24 YTD FY21 FY22 FY 23 FY 24 YTD FY 25 FY25 FCF & FCF/PAT% ROIC% (pre-tax) 195% 91% 43% 51% 35% 608 47 55 54 533 45 376 32 205 171 FY21 FY22 FY
Slide 12: TII Standalone Performance
TII Standalone Performance INR Crores Revenue PBT & PBT% (before exceptional items) 11% 11% 12% 11% 5,648 5,935 652 644 1,898 1,910 210 212 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 FCF & FCF/PAT% ROIC% (pre-tax) 56% 42% 44% 35% 272 54 58 43 45 171 66 70 Q3 FY 24 Q3
Slide 13: Business Segments
Business Segments Metal Formed Products TI Metal Forming is pioneer in Sheet Metal Engineering Business Formed Products, Fine Blanked Tube Products of India (TPI) - Most Components, Industrial Chains, Motor preferred supplier of precision tubes, Casings, etc. ERW and CDW to major automotive companie
Slide 14: New Acquisitions/Companies at TII & its Subsidiaries level
New Acquisitions/Companies at TII & its Subsidiaries level . Axiro Semiconductor Private Limited: ❑ CG Power has incorporated, Axiro Semiconductor Private Limited as wholly owned subsidiary in connection with definitive agreement entered into with Renesas Electronics America Inc. and other affiliate
Slide 15: Engineering Division
❑ One of the World’s Largest manufacturer of Cold Drawn Welded Precision Tubes ❑ One of the leading precision tube manufacturer for Engineering the automotive industries Division ❑ Specially designed tubes for the hydraulic and pneumatic applications ❑ Precisely develop products based on the needs o
Slide 16: Products, Location & Strengths
Products, Location & Strengths Products Key Strengths Electric Resistant Cold Drawn • Market leader and preferred Indian Welded Tubes Welded Tubes supplier in CDW Tubes. Strengths Products • Major manufacturer with the engineering expertise to offer customized, application specific Tubular Cold Roll
Slide 17: Engineering Division Performance
Engineering Division Performance INR Crores Revenue PBIT & PBIT% 12% 13% 13% 13% 3,645 3,800 457 475 1,229 1,212 153 156 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 FCF ROCE% 125 65 68 77 47 51 63 54 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24 YT
Slide 18: Metal Formed Products
—_ NEUNGS. — Metal Formed Products
Slide 19: 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 20: Products, Location & Strengths
Products, Location & Strengths 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 last mile connectivi
Slide 21: Products
Products Door Frames Side Impact Beams Divisional Channels Cowl Cross Beam Cam Chains After Market Brands Railways Fine Blanked Products
Slide 22: Customer visit
Customer visit Auto chains-HMCL R&D Fine Blanking-Visit to ZF Kama Fine Blanking-Audit by Adient Team Visit Russia Thailand MF Auto-Tata Motors Recognition Railways-Kinet Railway Solutions(TMH Railways-Public Transport Russia) Authority
Slide 23: Metal Formed Products Division Performance
Metal Formed Products Division Performance INR Crores Revenue PBIT & PBIT% 12% 13% 10% 10% 1,133 1,162 145 122 392 400 47 40 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 FCF ROCE% 72 67 59 61 45 46 12 10 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24
Slide 24: Mobility Division
Mobility Division
Slide 25: 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 26: Products, Location & Strengths
Products, Location & Strengths Products Key Strengths • Pioneer in Retail format of experiential stores - Track & Trail Urban, Track & Premium Cycles Trail Sport and BSA Strengths Products Hercules Rural outlets. • Omni-channel presence Standards with unified online and in- Specials store experience
Slide 27: Track & Trail Experience
Track & Trail Experience
Slide 28: Mobility Division Performance
Mobility Division Performance INR Crores Revenue PBIT & PBIT% 511 490 -1 0 147 142 -8 -9 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 FCF ROCE% -4 1 -13 5 -32 -6 -8 -13 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25
Slide 29: Others
Others
Slide 30: 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 31: Others Performance (including Industrial Chains)
Others Performance (including Industrial Chains) INR Crores Revenue PBIT & PBIT% 8% 6% 5% 5% 743 47 604 35 219 252 14 11 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 FCF ROCE% 2 8 39 36 40 -15 28 -22 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD
Slide 32: Expo's
Expo’s Expos participated in ISE and Bauma
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
TI Clean Mobility Private Limited Product Segment ✓ Electric 3W Auto ✓ Electric Tractors ✓ Electric M & HCV (through its Subsidiary IPLTech Electric Pvt Ltd) ✓ Electric SCV (through its Subsidiary TIVolt Electric Vehicles Pvt Ltd) Funding ✓ TII has invested Rs. 250 Cr. into TICMPL as Equity and Rs.
Slide 36: Value Proposition for the Consumer
EMOTIONAL VALUE - SUPERIOR PRODUCT DESIGN ATTRACTIVE PRODUCT DESIGN & - CATERGORY FIRST TELEMATICS & UI/UX TECH INNOVATIONS EXPERIENCES - IMPROVED DRIVER / OWNER / PASSENGER VALUE PROPOSITION FOR THE CONSUMER USAGE EXPERIENCES FUNCTIONAL VALUE - CATERGORY FIRST TELEMATICS WITH DRIVER ASSISTANCE SERV
Slide 37: Launch of Super Cargo in the 2025 Auto Expo
Launch of Super Cargo in the 2025 auto expo 37
Slide 38: 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 39: 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. • During FY 24-25, TI Clean Mobility Pvt Ltd (TICMPL) increased its stake in IPLT from 65.77% to 94.31%.
Slide 40: 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. • During FY 2023-24, TICMPL has incorporated a subsid
Slide 41: Jayem Automotives Private Limited
Jayem Automotives Private Limited • TICMPL acquired 50% stake with Primary Investment of Rs. 30 Cr. and Secondary Investment of Rs. 176 Cr. • Jayem is an automotive research & development company engaged in design, development, testing and manufacturing of a wide range of automotive components, syst
Slide 42: 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
Slide 43: 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 44: 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 45: 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 46: CG Power – Financials (Standalone)
CG Power –Financials INR Crores Standalone Particulars Q3 23-24 Q3 24-25 YTD 23-24 YTD 24-25 Actual Actual Actual Actual Revenue 1,860 2,389 5,526 6,766 PBIT 282 339 832 965 Interest 1 1 2 4 PBT (before exceptional) 282 338 831 961 Exceptional Item - - 142 - PBT (after exceptional) 282 338 973 961 P
Slide 47: CG Power – Financials (Consolidated)
CG Power –Financials INR Crores Consolidated Particulars Q3 23-24 Q3 24-25 YTD 23-24 YTD 24-25 Actual Actual Actual Actual Revenue 1,979 2,516 5,854 7,156 PBIT 265 336 832 969 Interest 1 1 2 4 PBT (before exceptional) 264 335 830 964 Exceptional Item - - 28 - PBT (after exceptional) 264 335 857 964
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 INR Crores Revenue PBIT & PBIT% 22.0% 22.0% 20.0% 19.0% 382 451 99 78 126 158 35 24 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 FCF & FCF/PAT% ROIC% 109% 89% 66% 46% 62 53 57 59 56 48 23 8 Q3 FY 24 Q3 FY 25 YTD FY 24 YTD FY 25 Q3 FY 2
Slide 52: SEDIS
SEDIS ❑ Specialized in designing chains for transmission, agricultural, lifting, adapted and conveyor. ❑ With more than 500 technical distribution points in France, Sedis currently has the Number One distribution network for French industrial chains.
Slide 53: Moshine Electronics Pvt Ltd (MEPL)
Moshine Electronics Pvt Ltd (MEPL) • Moshine Electronics is a manufacturer of camera modules for mobile phones. • Tube Investments of India Ltd (TII) acquired 76% equity stake in MEPL and became a subsidiary of TII.
Slide 54: 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. • TII Invested Rs. 233 Cr. to acquire 67% of equity share capital of TI Medical and balance
Slide 55: CDMO Business
CDMO Business • TII entered into an agreement with Mr. N Govindarajan (NG) and incorporated a subsidiary named "3xper Innoventure Limited". • Company will engage in Contract Development and Manufacturing Operation (CDMO) and active pharmaceutical ingredients business. • TII will be investing Rs. 285
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
Tube Investments of India — Q3 FY2024-25 Earnings Presentation on 6ix