Cubex Tubings
- Market cap
- ₹ 302 Cr.
- P/E
- 28.1x
- P/B
- 3.72x
- 52-week range
- 73.1 – 184
- ROE
- 9%
- ROCE
- 11%
- Dividend yield
- 0%
- Debt / equity
- 0.52
- Sector
- Industrial Products
- Industry
- Aluminium, Copper & Zinc Products
- Listed on
- NSE, BSE
About
Cubex Tubings Limited is an India-based manufacturer of seamless solid drawn tubes, rods, bus bars and wires of copper and copper-based alloys, such as cupronickel, admiralty brass and aluminum brass, among others. The Company's product categories include copper products, copper alloy products, copper nickel fittings/flanges and nickel-copper alloy tubes. Its copper products include copper tubes, copper round bars, copper busbars, copper wire and copper profiles. Its copper alloy products include C12200 - DHP copper tubes, C44300 - admiralty brass tubes, C68700 - aluminum brass tubes, copper nickel 90-10 tubes and copper nickel 70-30 tubes. It mainly produces 90/10 & 70/30 cupronickel reducer, cupronickel elbow, cupronickel tee, cupronickel cross, cupronickel stub ends and cupronickel pipe bends. Its products serve various industries, including power plants, switchgears, refineries, furnace manufacturers, sugar plants, automobile and electrical equipment industries & shipbuilders.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Aluminium, Copper & Zinc Products: 26 companies →Cubex Tubings against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)28.1 against a typical 16.4: pricier than most peers (1st = cheapest).21st of 26
- Sales growth+12.6% against a typical +33.2% from a year earlier.16th of 18
- Profit growth+162.6% against a typical +78% from a year earlier.6th of 16
- Share price, 3 months+130.2% against a typical −5.6%.1st of 24
- Size₹ 301.6 Cr. market value against a typical ₹ 191.5 Cr. (1st = largest).12th of 26
Latest announcements
Exchange filings and their impact on the company.
- 23 Oct 2026Outcome of Board MeetingHigh impactVery positiveQ2 profit jumped 162% YoY on double-digit sales growth and sharp margin expansion.
Cubex Tubings reported Q2 FY27 revenue of Rs 83.0 crore, up 12.6% from a year ago, and net profit of Rs 4.57 crore, up 162%. For the half year, revenue was Rs 148.0 crore, up 19.7%, and net profit was Rs 5.93 crore, nearly double last year and already 80% of last full year's profit. The jump came from stronger sales and better margins, with inventory reduction partly offset by higher long-term borrowings.
- 14 Oct 2026Outcome of Board MeetingHigh impactPositiveBoard approved Rs 75 cr promoter-led warrants issue to build a vacuum melting furnace for defence, aerospace and nuclear products.
Cubex Tubings board on 14 October 2026 approved raising up to Rs 75 crore by issuing 50 lakh convertible warrants at Rs 150 each on a preferential basis to 5 investors, led by promoter Cubex Securities with 33.9 lakh warrants. The price is above the valuer price of Rs 142.31 but below the market price of about Rs 173.5, with 25% payable upfront and conversion within 18 months. The full proceeds will be used to buy and install a vacuum melting furnace at its new facility to make special steels, titanium, nickel and copper alloys for nuclear, aerospace, defence, oil and gas industries.
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 14 Oct 2026 | Warrants | Board approved | ₹ 75 Cr. | ₹ 150 | +11.64% |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 23 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 14 Oct 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 17 Sep 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 15 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57 | 50 | 55 | 55 | 73 | 84 | 50 | 74 | 75 | 89 | 65 | 83 |
| Expenses | 55 | 48 | 53 | 53 | 70 | 81 | 47 | 70 | 71 | 92 | 64 | 76 |
| Operating Profit | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 4 | −3 | 1 | 7 |
| OPM % | 3.7% | 3.7% | 2.8% | 4.3% | 3.9% | 3.5% | 4.8% | 4.4% | 4.9% | −3.1% | 2.2% | 8.6% |
| Other Income | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 2 | 5 | 2 | 1 |
| Interest | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 1 | 2 | 2 | 3 | 2 | 2 | 4 | 1 | 2 | 6 |
| Tax % | 31.1% | −5.2% | 25.4% | 24.4% | 8.5% | 17.6% | 26.8% | 28.9% | 26.3% | −7.8% | 27% | 26.5% |
| Net Profit | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 3 | 1 | 1 | 5 |
| EPS in Rs | 0.71 | 0.71 | 0.64 | 0.91 | 1.49 | 1.61 | 0.86 | 1.22 | 2.17 | 0.96 | 0.95 | 3.19 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 19%
- 5 Years
- 33%
- 3 Years
- 15%
- TTM
- 11%
- 10 Years
- 38%
- 5 Years
- 41%
- 3 Years
- 41%
- TTM
- 40%
- 10 Years
- 29%
- 5 Years
- 57%
- 3 Years
- 63%
- TTM
- —
- 10 Years
- 4%
- 5 Years
- 7%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Cubex Tubings | ₹ 167.46 | ₹ 302 Cr. | 28.1x | 3.7x | 9% | — |
| Hindustan Zinc | ₹ 497.00 | ₹ 2,09,998 Cr. | 15.9x | 9.7x | 76.9% | 33.9% |
| Hindalco Industries | ₹ 860.50 | ₹ 1,93,374 Cr. | 11.6x | 1.6x | 10.3% | 4.9% |
| Vedanta | ₹ 226.00 | ₹ 88,375 Cr. | 21.3x | 2x | 22.4% | 14.9% |
| NMDC | ₹ 66.30 | ₹ 58,290 Cr. | 9.8x | 2.2x | 23.4% | 23.1% |
| Hindustan Copper | ₹ 399.40 | ₹ 38,623 Cr. | 47.5x | 14.1x | 30.6% | 29.9% |
Management
- Virendra Kumar Bhandari
- Executive Chairman of the Board, Managing Director
- Chandni K. Moolchandani
- Compliance Officer, Whole time Company Secretary
- Akshay Bhandari
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.