Tube Investments of India
Tube Investments of India
Shareholder Return: 3-year, Sales Growth: 3-year CAGR, Return On Equity: 3-year average
At a Glance
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Shareholder Return259%
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Sales Growth12%
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Return on Equity17 %
Why Super 50
The Murugappa Group company, whose businesses include manufacturing automotive components, bicycles and fitness equipment and financial services, is undertaking a demerger to unlock shareholder value. The company would be split into two: A manufacturing entity and a financial services company. At present, its financial services business comprises equity holding in Cholamandalam Investment and Finance Company, Cholamandalam MS General Insurance Company Limited and Cholamandalam MS Risk Services.
