CUBEXTUB

Cubex Tubings Limited

Copper and copper-alloy products manufacturer

Industrials›Capital Goods›Industrial Products›Aluminium, Copper & Zinc Products

cubextubings.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹221.45
Market cap
317 Cr
Stock P/E
42.1
P/B
3.80
ROE (FY26)
8.9%
ROCE (FY26)
10.7%
Operating margin (FY26)
1.8%
Debt / equity (FY26)
0.52

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Cubex Tubings manufactures copper and copper-alloy products at a factory near Hyderabad in Telangana, and reports them as its only business segment.

Company snapshot

6thBy market cap

Ranked among 10 companies in Aluminium, Copper & Zinc Products.

What we see

Concerns
  • ✗Net margin is very thin at 2.6% — little room for error if costs rise.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales64 Cr57 Cr50 Cr55 Cr55 Cr73 Cr84 Cr50 Cr74 Cr75 Cr89 Cr65 Cr
Operating expenses (approx.)62 Cr55 Cr48 Cr53 Cr53 Cr70 Cr81 Cr47 Cr70 Cr71 Cr92 Cr64 Cr
EBITDA2 Cr2 Cr1 Cr2 Cr2 Cr3 Cr3 Cr2 Cr3 Cr4 Cr-3 Cr1 Cr
OPM %3.0%3.7%2.8%2.8%4.3%3.9%3.5%4.8%4.4%4.9%-3.1%2.2%
Other income0.71 Cr0.16 Cr0.48 Cr0.50 Cr0.37 Cr0.53 Cr0.67 Cr0.51 Cr0.44 Cr2 Cr5 Cr2 Cr
Interest0.38 Cr0.45 Cr0.57 Cr0.49 Cr0.77 Cr0.70 Cr0.52 Cr0.93 Cr0.96 Cr1.00 Cr0.99 Cr1.00 Cr
Depreciation0.33 Cr0.34 Cr0.33 Cr0.34 Cr0.27 Cr0.30 Cr0.31 Cr0.28 Cr0.28 Cr0.28 Cr0.44 Cr0.33 Cr
Profit before tax2 Cr1 Cr0.96 Cr1 Cr2 Cr2 Cr3 Cr2 Cr2 Cr4 Cr1 Cr2 Cr
Tax %30.6%31.3%-5.2%25.5%24.4%8.5%17.5%26.9%29.1%26.3%-7.5%29.1%
Net profit1 Cr1 Cr1 Cr0.91 Cr1 Cr2 Cr2 Cr1 Cr2 Cr3 Cr1 Cr1 Cr
EPS (₹)₹0.91₹0.71₹0.71₹0.64₹0.91₹1.50₹1.61₹0.86₹1.22₹2.17₹0.96₹0.92

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales46 Cr51 Cr51 Cr60 Cr70 Cr134 Cr191 Cr221 Cr267 Cr288 CrSign in free for the trailing twelve months
Operating expenses (approx.)45 Cr51 Cr51 Cr58 Cr67 Cr131 Cr187 Cr214 Cr257 Cr281 CrSign in free for the trailing twelve months
EBITDA0.06 Cr-0.28 Cr-0.28 Cr1 Cr3 Cr3 Cr5 Cr7 Cr10 Cr7 CrSign in free for the trailing twelve months
OPM %0.1%-0.6%-0.6%2.3%4.3%1.9%2.4%3.0%3.6%2.3%Sign in free for the trailing twelve months
Other income2 Cr2 Cr2 Cr1 Cr0.91 Cr2 Cr2 Cr2 Cr2 Cr8 CrSign in free for the trailing twelve months
Interest0.24 Cr0.31 Cr0.31 Cr0.41 Cr0.61 Cr0.70 Cr0.91 Cr2 Cr2 Cr4 CrSign in free for the trailing twelve months
Depreciation1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 CrSign in free for the trailing twelve months
Profit before tax0.46 Cr0.49 Cr0.49 Cr0.76 Cr2 Cr2 Cr4 Cr5 Cr8 Cr10 CrSign in free for the trailing twelve months
Tax %22.5%21.5%21.5%43.6%31.5%2.1%35.8%24.7%17.6%22.6%Sign in free for the trailing twelve months
Net profit0.35 Cr0.38 Cr0.38 Cr0.43 Cr1 Cr2 Cr3 Cr4 Cr7 Cr7 CrSign in free for the trailing twelve months
EPS (₹)₹0.25₹0.27₹0.27₹0.30₹0.93₹1.69₹1.85₹2.78₹4.65₹5.21Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr
Reserves43 Cr43 Cr44 Cr44 Cr45 Cr48 Cr50 Cr55 Cr62 Cr69 Cr
Borrowings4 Cr6 Cr5 Cr5 Cr1 Cr10 Cr13 Cr15 Cr33 Cr43 Cr
Other liabilities8 Cr11 Cr16 Cr15 Cr25 Cr21 Cr20 Cr21 Cr31 Cr81 Cr
Total liabilities68 Cr75 Cr79 Cr79 Cr86 Cr93 Cr97 Cr105 Cr140 Cr208 Cr
Fixed assets (net)18 Cr17 Cr15 Cr17 Cr15 Cr16 Cr15 Cr14 Cr14 Cr13 Cr
CWIP———0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments——0 Cr8 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories6 Cr12 Cr12 Cr19 Cr19 Cr17 Cr22 Cr15 Cr32 Cr88 Cr
Trade receivables25 Cr25 Cr38 Cr29 Cr35 Cr40 Cr36 Cr45 Cr60 Cr52 Cr
Cash & bank3 Cr3 Cr2 Cr2 Cr1 Cr1 Cr0.86 Cr4 Cr2 Cr4 Cr
Other assets17 Cr18 Cr12 Cr6 Cr16 Cr19 Cr23 Cr26 Cr33 Cr50 Cr
Total assets68 Cr75 Cr79 Cr79 Cr86 Cr93 Cr97 Cr105 Cr140 Cr208 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity2 Cr1 Cr-0.23 Cr3 Cr-0.11 Cr-0.0073 Cr0.12 Cr3 Cr-0.78 Cr5 Cr
Cash from investing-0.28 Cr-0.59 Cr1 Cr-3 Cr-0.07 Cr-0.41 Cr0.47 Cr1 Cr-2 Cr0.89 Cr
Cash from financing-1 Cr-1 Cr-1 Cr-0.27 Cr-0.65 Cr0.39 Cr-0.74 Cr-2 Cr1 Cr-4 Cr
Net cash flow0.63 Cr-0.84 Cr-0.30 Cr-0.13 Cr-0.83 Cr-0.03 Cr-0.16 Cr3 Cr-2 Cr2 Cr
Free cash flow (OCF − Capex)2 Cr0.38 Cr-0.34 Cr0.32 Cr-0.28 Cr-2 Cr-0.67 Cr2 Cr-1 Cr4 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %1.1%1.3%1.9%1.8%4.2%4.4%6.5%8.3%9.7%10.7%
ROE %0.6%0.7%1.1%0.7%2.2%3.9%4.1%5.8%8.8%8.9%
Debtor days20217818417418210969758266
Inventory days51916812211553462945100
Days payable435974821325426253383
Cash conversion cycle21021017821316510889799384
OCF / EBITDA %n.m.——n.m.-3.6%n.m.n.m.51.8%-8.0%n.m.
OCF / EBITDA % (3 years)———n.m.n.m.n.m.n.m.n.m.13.3%n.m.
Debt / equity0.070.100.080.090.020.160.200.220.440.52
Current ratio4.662.862.772.792.342.072.172.251.771.46
Net debt / EBITDA9.30—5.012.350.103.472.661.703.255.99