High Risk - High Return

CUBEX TUBINGS LTD.
Face Value: Rs. 10
Total Equity: 7.46 Cr
Promoter Holding: 35%
Institutional Holding: 0.70%
Private Corporate bodies: 18.22%
Public holding: 45%
Current Market Capital: 8.779
Current PE: 1.6376
Book Value: Rs. 56 (As on Mar-08)
Debt/equity: 0.15
3 Year High: Rs. 121 3 Year Low: Rs. 2.50
1 Year High: Rs. 98 1 Year Low: Rs. 8.70 (As on 16/01/09)

Cubex Tubings Limited engages in the manufacture and sale of solid drawn tubes, roads, busbars, and wires of copper and copper based alloys, including cupronickel, admirality brass, aluminum brass, and copper in India. It offers its products to various industries, which comprise power plants, power plant manufacturers, switchgears, refineries, furnace manufacturers, sugar plants, automobile, and electric equipment. The company is based in Secundrabad, India.

CTL manufactures copper and copper alloy products used by the core sector and other critical industries like power generation, shipbuilding, Railways, Telecommunications, Defence and automobiles. The present capacity of the plant is 2800MTPA.
The user industries are Power plants, Power plants manufacturers, Switchgears, Refineries, Furnace manufacturers, Sugar plants, Automobile and Electrical Equipment industries.
CTL’S R&D division has developed in-house copper-nickel tubes of large cross-sections, to meet Defence and shipyard requirements. The company plans to introduce large cross section tubes and bus bars and specialty copper and copper alloy products in India.
INDUSTRY OUTLOOK
Since there is lot of emphasis on power generation the consumption of Copper Alloy Tubes, Rods and Semis would increase.
The Manufacturing capacity of Condenser/Refrigeration Tubes is in short supply compare to its requirements in India.
There is huge Export Potential for Copper and Copper Alloy tubes, Rods and Strips to Europe and Middle East.
Client industry:
• Chemicals and Fertilizers.
• Petrochemicals and Oil Refineries.
• Electronics and Telecommunication.
• Ship Building and Automotive Transport.
• Power Generation and Energy Distribution
• Atomic Energy, Space Research and Defence.
• Machine Building and General Engineering.
• Electrical Industries.