Tube Investments - Core Business Exports Ramping-Up Well: Motilal Oswal
Tube Investments - Core Business Exports Ramping-Up Well: Motilal Oswal
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Motilal Oswal Report
Tube Investments of India Ltd.’s FY22 annual report highlights:
the progress made in the core business, particularly in exports,
capability improvements in the core business,
strategy on e-mobility, and
its plans to foray into medical devices and electronics under its TI-2 strategy.
Tube Investments’ focus is on deliverance of four metrics –
revenue growth (up 106% YoY in FY22),
profitability (up 100 basis points in Ebitda margin),
return on invested capital (up 22.3% to 42.7%), and
free cash flow (~Rs 6.4 billion in FY22 versus Rs 1.1 billion in FY21).
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