Buy Tube Investments of India, target price Rs 4830: Motilal Oswal

Motilal Oswal has buy call on Tube Investments of India Ltd. with a target price of Rs 4830. The current market price of Tube Investments of India is Rs 4108.

Tube Investments of India Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 79662.37 Crore) operating in Consumer Durables sector.

Tube Investments of India Ltd. key Products/Revenue Segments include Metal Products, Others, Other Products, Scrap, Service Income, Other Operating Revenue and Conversion Charges for the year ending 31-Mar-2024.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 4573.48 Crore, up 7.48 % from last quarter Total Income of Rs 4255.19 Crore and up 19.62 % from last year same quarter Total Income of Rs 3823.42 Crore. Company reported net profit after tax of Rs 271.46 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 45.1 per cent stake in the company as of 31-Mar-2024, while FIIs owned 28.33 per cent, DIIs 14.8 per cent.