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This Article is From Jul 19, 2022

Tube Investments - Core Business Exports Ramping-Up Well: Motilal Oswal

Tube Investments - Core Business Exports Ramping-Up Well: Motilal Oswal
Steel pipes. (Source: The blowup/Unsplash)

BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Tube Investments of India Ltd.'s FY22 annual report highlights:

  1. the progress made in the core business, particularly in exports,

  2. capability improvements in the core business,

  3. strategy on e-mobility, and

  4. its plans to foray into medical devices and electronics under its TI-2 strategy.

Tube Investments' focus is on deliverance of four metrics –

  1. revenue growth (up 106% YoY in FY22),

  2. profitability (up 100 basis points in Ebitda margin),

  3. return on invested capital (up 22.3% to 42.7%), and

  4. free cash flow (~Rs 6.4 billion in FY22 versus Rs 1.1 billion in FY21).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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