Cubex Tubings Ltd (CUBEXTUB) AI Stock Analysis

• Market Cap: ₹1.67B
• Dividend Yield: N/A
• Average Volume (3M): 9.42K
• Price to Earnings (P/E): 22.5
• Beta (1Y): 0.85
• Revenue Growth: 29.24%
• EPS Growth: 75.16%
• Country: IN
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 1.22
• Shares Outstanding: 14,318,975
• 10 Day Avg. Volume: 4,959
• 30 Day Avg. Volume: 9,423
• PEG Ratio: 0.26
• Price to Book (P/B): 1.56
• Price to Sales (P/S): 0.44
• P/FCF Ratio: -95.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹141.00 ▲(49.65% Upside)

The score is driven primarily by improving profitability and strong price momentum above major moving averages. Offsetting these positives are weak cash conversion (negative operating/free cash flow) and a higher valuation multiple (P/E 24.874) with no dividend yield support.

Positive Factors

Revenue growth and margin expansion

Sustained top-line growth with a notable gross margin lift to 9.61% signals improving pricing power and cost control. Structurally this supports stronger operating leverage and higher potential sustainable profitability over the next several quarters, aiding reinvestment capacity.

Improved return on equity

ROE rising to 8.78% indicates management is extracting more earnings from shareholder capital. Over a multi-quarter horizon this reflects better asset utilization or margin recovery, improving the company’s ability to generate shareholder returns without relying solely on external financing.

Balanced capital structure

A stable equity ratio around the mid-50s denotes a balanced mix of debt and equity, preserving financial flexibility. This structural balance supports capacity to fund growth, absorb cyclical shocks in the copper sector, and access capital without immediate solvency strain.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flow despite reported profits signals weak cash conversion. Over months this erodes liquidity, forces reliance on external funding or asset sales, and constrains the firm’s ability to sustainably fund capex, dividends, or debt amortization.

Rising leverage

A near doubling of debt-to-equity in one year materially increases financial risk. Structurally higher leverage raises interest and refinancing exposure, reduces strategic flexibility, and magnifies downside in a commodity-cycle downturn or if cash conversion issues persist.

Volatile operating margins

Fluctuating EBIT/EBITDA margins point to inconsistent operational efficiency or input-cost pass-through in the copper industry. Over a medium-term horizon this undermines earnings predictability, complicates planning and investment decisions, and can depress long-term return stability.

Cubex Tubings Ltd Business Overview & Revenue Model

Company Description

Cubex Tubings Limited produces and sells copper and copper based alloy products in India and internationally. It offers seamless solid drawn tubes, rods, bus bars, and wires of copper and copper based alloys, such as cupronickel, admiralty and aluminum brass, etc. The company serves power plants, power plants manufacturers, switchgears, refineries, furnace manufacturers, sugar plants, automobiles, electrical equipment, and ship building industries. Cubex Tubings Limited was incorporated in 1979 and is based in Secunderabad, India.

How the Company Makes Money

Cubex Tubings Ltd generates revenue primarily through the sale of its tubing products to various industries, including oil and gas, automotive, and construction. The company operates on a business-to-business (B2B) model, where it supplies directly to manufacturers and contractors who require specialized tubing solutions. Key revenue streams include bulk orders of seamless and welded tubes, custom fabrication services, and long-term contracts with major industrial clients. Additionally, Cubex Tubings Ltd has established strategic partnerships with several key players in the oil and gas sector, which not only enhances its market reach but also secures a steady flow of orders. The company also benefits from its focus on innovation, which allows it to charge premium prices for high-quality, specialized products that meet specific client needs.

Cubex Tubings Ltd Financial Statement Overview

Summary

Strong revenue growth and improved gross and net margins support the score, but higher leverage (debt-to-equity rising to 0.44) and negative operating/free cash flow in 2025 materially weaken overall financial quality.

Income Statement

Cubex Tubings Ltd has shown consistent revenue growth over the years, highlighted by a 21.91% increase from 2024 to 2025. The gross profit margin improved to 9.61% in 2025, up from 4.67% in the previous year, indicating better cost management. Net profit margin also increased significantly to 2.47%. However, EBIT and EBITDA margins have seen some fluctuations, suggesting operational efficiency improvements are needed.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, which increased to 0.44 in 2025 from 0.22 in 2024, reflecting higher leverage. The return on equity improved to 8.78%, indicating better utilization of equity capital. Equity ratio remains stable around mid-50%, pointing to a balanced capital structure, but the increased debt may pose a risk if not managed properly.

Cash Flow

Cubex Tubings Ltd's cash flow position is a concern, with negative free cash flow in 2025, primarily due to a negative operating cash flow. The free cash flow to net income ratio is negative, indicating cash flow issues despite profitability. The operating cash flow to net income ratio is also negative, highlighting the need for better cash conversion efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.63B	2.67B	2.21B	1.91B	1.34B	703.00M
Gross Profit	263.40M	258.67M	103.01M	71.26M	47.60M	49.35M
EBITDA	121.16M	117.71M	83.55M	64.46M	45.65M	39.29M
Net Income	69.79M	66.59M	39.87M	26.48M	24.18M	13.30M
Balance Sheet
Total Assets	0.00	1.40B	1.05B	972.86M	932.12M	859.57M
Cash, Cash Equivalents and Short-Term Investments	18.96M	18.96M	38.30M	8.59M	10.16M	10.55M
Total Debt	0.00	334.51M	150.69M	129.37M	97.46M	13.36M
Total Liabilities	-758.54M	641.34M	356.32M	325.87M	311.60M	263.23M
Stockholders Equity	758.54M	758.54M	691.96M	646.99M	620.51M	596.34M
Cash Flow
Free Cash Flow	0.00	-12.45M	23.82M	-6.72M	-18.98M	-2.67M
Operating Cash Flow	0.00	-7.76M	34.34M	1.20M	-73.00K	-1.01M
Investing Cash Flow	0.00	-24.63M	12.50M	4.68M	-4.13M	-681.79K
Financing Cash Flow	0.00	13.05M	-17.13M	-7.45M	-7.97M	-38.21M

Cubex Tubings Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 94.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CUBEXTUB, the sentiment is Positive. The current price of 94.22 is below the 20-day moving average (MA) of 111.04, below the 50-day MA of 103.62, and below the 200-day MA of 94.78, indicating a bullish trend. The MACD of 4.30 indicates Negative momentum. The RSI at 55.51 is Neutral, neither overbought nor oversold. The STOCH value of 44.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CUBEXTUB.

Cubex Tubings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CUBEXTUB	68 Neutral	₹1.67B	22.50	―	―	29.24%	75.16%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANGALAM	55 Neutral	₹571.56M	-1.85	―	―	-24.55%	-310.57%
MCL	53 Neutral	₹2.15B	62.16	―	―	119.41%	-35.45%
SHAHALLOYS	52 Neutral	₹1.32B	99.73	―	―	-76.23%	―
BHAGYANGR	51 Neutral	₹5.57B	15.35	―	―	25.79%	157.10%
ZENITHSTL	43 Neutral	₹731.32M	17.20	―	―	-36.62%	-37.94%

Cubex Tubings Ltd Corporate Events

Cubex Tubings Denies Any Undisclosed Developments Behind Share Price Surge

Cubex Tubings Ltd has informed the National Stock Exchange that it is unaware of any specific corporate developments that would explain the recent sharp rise in its share price. The company stated that it has not made, nor is it preparing, any material announcements affecting its operations or performance, has not shared any unpublished price-sensitive information with intermediaries or other parties, and continues to comply with all disclosure and insider trading regulations, emphasizing that price discovery is driven by market factors on the exchange platform.