Cubex Tubings (CUBEXTUB)₹191.35−2.00%Aluminium, Copper & Zinc Products
In the Mar 2026 quarter (standalone), Cubex Tubings reported sales of ₹89.66 Cr, up 6.2% from Mar 2025, and net profit of ₹1.38 Cr, down 40.3% year on year. For the year to Mar 2026, sales were ₹289 Cr and net profit ₹7.03 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 50.63 | 64.25 | 57.11 | 50.39 | 55.10 | 55.37 | 72.94 | 84.45 | 50.05 | 73.95 | 75.26 | 89.66 |
| Expenses | 48.96 | 62.33 | 55.01 | 48.52 | 53.51 | 52.93 | 70.16 | 81.53 | 47.63 | 70.62 | 71.52 | 92.43 |
| Operating Profit | 1.62 | 1.87 | 2.10 | 1.85 | 1.54 | 2.38 | 2.81 | 2.94 | 2.37 | 3.25 | 3.66 | −2.72 |
| OPM % | 3.2% | 2.9% | 3.7% | 3.7% | 2.8% | 4.3% | 3.9% | 3.5% | 4.7% | 4.4% | 4.9% | −3.1% |
| Other Income | 0.00 | 0.72 | 0.17 | 0.00 | 0.51 | 0.38 | 0.54 | 0.68 | 0.52 | 0.45 | 1.84 | 5.45 |
| Interest | 0.30 | 0.37 | 0.44 | 0.56 | 0.48 | 0.76 | 0.69 | 0.51 | 0.92 | 0.95 | 0.99 | 0.98 |
| Depreciation | 0.36 | 0.34 | 0.35 | 0.34 | 0.35 | 0.28 | 0.31 | 0.32 | 0.29 | 0.29 | 0.29 | 0.45 |
| Profit before tax | 0.98 | 1.89 | 1.49 | 0.97 | 1.23 | 1.73 | 2.36 | 2.80 | 1.69 | 2.47 | 4.23 | 1.29 |
| Tax % | 33.0% | 30.4% | 31.1% | −5.2% | 25.4% | 24.4% | 8.5% | 17.6% | 26.8% | 28.9% | 26.3% | −7.8% |
| Net Profit | 0.66 | 1.32 | 1.02 | 1.02 | 0.92 | 1.31 | 2.15 | 2.31 | 1.24 | 1.75 | 3.12 | 1.38 |
| EPS (Rs) | 0.46 | 0.92 | 0.72 | 0.72 | 0.65 | 0.92 | 1.50 | 1.62 | 0.87 | 1.23 | 2.18 | 0.97 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 52.18 | 46.12 | 51.14 | 75.20 | 60.22 | 70.25 | 134 | 192 | 222 | 268 | 289 | 289 |
| Expenses | 52.13 | 45.09 | 51.13 | 74.26 | 58.18 | 67.21 | 131 | 187 | 215 | 258 | 282 | 282 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 2.99 | 2.99 | 4.99 | 6.98 | 9.98 | 6.99 | 6.56 |
| OPM % | 0.6% | 0.1% | −0.3% | 0.8% | 2.4% | 4.3% | 1.9% | 2.4% | 3.1% | 3.6% | 2.3% | 2.3% |
| Other Income | 2.01 | 2.01 | 2.01 | 2.01 | 1.01 | 1.01 | 2.01 | 2.01 | 2.01 | 2.01 | 8.01 | 8.26 |
| Interest | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 0.99 | 1.01 | 0.99 | 1.99 | 1.99 | 3.99 | 3.84 |
| Depreciation | 2.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.32 |
| Profit before tax | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 2.01 | 2.01 | 4.01 | 5.01 | 8.02 | 10.02 | 9.68 |
| Tax % | 36.0% | 24.0% | 20.0% | 6.0% | 43.1% | 31.0% | 2.0% | 36.0% | 25.0% | 18.0% | 23.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 1.01 | 2.01 | 3.01 | 4.02 | 7.02 | 7.03 | 7.49 |
| EPS (Rs) | 0.22 | 0.25 | 0.28 | 0.47 | 0.31 | 0.94 | 1.70 | 1.86 | 2.80 | 4.66 | 5.21 | 5.25 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.00 | 13.99 | 14.01 | 14.00 | 13.99 | 14.01 | 14.01 | 13.98 | 14.00 | 13.98 | 13.98 | 13.98 |
| Reserves | 42.10 | 42.10 | 43.11 | 43.10 | 44.10 | 44.10 | 45.11 | 48.08 | 50.12 | 55.10 | 62.05 | 69.08 |
| Borrowings | 5.02 | 4.02 | 5.02 | 7.03 | 6.03 | 5.02 | 1.01 | 10.03 | 13.05 | 15.06 | 33.12 | 43.16 |
| Other Liabilities | 6.03 | 6.03 | 7.04 | 10.05 | 15.07 | 15.07 | 25.12 | 24.11 | 20.10 | 21.10 | 31.16 | 81.39 |
| Total Liabilities | 67.15 | 67.14 | 68.18 | 75.18 | 79.19 | 79.20 | 86.25 | 96.20 | 97.27 | 105 | 140 | 209 |
| Fixed Assets | 20.02 | 19.01 | 18.01 | 16.99 | 15.01 | 17.01 | 14.99 | 16.01 | 15.01 | 14.01 | 13.99 | 12.99 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 47.13 | 48.13 | 51.17 | 58.19 | 64.18 | 62.19 | 71.26 | 80.19 | 82.26 | 90.23 | 126 | 195 |
| Inventories | 7.02 | 4.01 | 6.02 | 12.05 | 12.04 | 19.06 | 19.06 | 17.08 | 22.08 | 15.06 | 32.10 | 88.38 |
| Trade receivables | 20.93 | 23.89 | 24.91 | 24.90 | 37.84 | 28.89 | 34.85 | 42.86 | 35.87 | 44.86 | 59.75 | 51.79 |
| Cash & equivalents | 4.01 | 3.01 | 3.01 | 3.01 | 2.01 | 2.01 | 1.01 | 1.01 | 1.01 | 4.01 | 2.01 | 4.01 |
| Total Assets | 67.15 | 67.14 | 68.18 | 75.18 | 79.19 | 79.20 | 86.25 | 96.20 | 97.27 | 105 | 140 | 209 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 2.99 | 1.99 | 1.99 | 3.99 | 0.00 | 2.99 | 0.00 | 0.99 | 0.00 | 2.99 | −0.99 | 4.98 |
| Cash from investing activity | 0.00 | 0.00 | 0.00 | −0.99 | 0.99 | −2.99 | 0.00 | 0.00 | 0.00 | 0.99 | −1.99 | 0.99 |
| Cash from financing activity | −2.01 | −3.01 | −1.01 | −4.01 | −1.01 | 0.00 | −1.01 | −1.01 | −1.01 | −2.01 | 1.01 | −4.01 |
| Net cash flow | 1.01 | −1.01 | 1.01 | −1.01 | 0.00 | 1.01 | −1.01 | 0.00 | 0.00 | 3.01 | −2.01 | 2.01 |
| Capex | 0.15 | 0.18 | 0.17 | 0.64 | 0.00 | 2.42 | 0.18 | 1.90 | 0.80 | 1.06 | 0.48 | 0.96 |
| Free cash flow | 2.01 | 1.01 | 2.01 | 3.01 | 0.00 | 1.01 | 0.00 | −1.01 | −1.01 | 3.01 | −1.01 | 4.02 |
| CFO / OP % | 353.1% | 523.1% | 3,800.0% | −2,312.0% | −16.0% | 242.0% | 7.0% | 63.0% | 29.0% | 55.0% | 6.0% | 111.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 132 | 173 | 204 | 179 | 186 | 175 | 184 | 117 | 70 | 76 | 83 | 67 |
| Inventory days | 56 | 35 | 54 | 104 | 69 | 140 | 118 | 53 | 48 | 30 | 48 | 123 |
| Days payable | 24 | 32 | 44 | 65 | 73 | 93 | 133 | 52 | 25 | 23 | 34 | 99 |
| Cash conversion cycle | 160 | 173 | 211 | 215 | 179 | 219 | 166 | 115 | 90 | 79 | 94 | 87 |
| Working capital days | 168 | 190 | 221 | 186 | 164 | 197 | 167 | 84 | 67 | 62 | 58 | 63 |
| ROCE % | 1.0% | 1.0% | 1.0% | 1.0% | 2.0% | 2.0% | 4.0% | 5.0% | 7.0% | 9.0% | 11.0% | 11.0% |
For the Mar 2026 quarter, Cubex Tubings reported sales of ₹89.66 Cr, up 6.2% year on year and net profit of ₹1.38 Cr, down 40.3% year on year. The operating margin was −3.1%.
Cubex Tubings' sales for the year to Mar 2026 were ₹289 Cr; over the last twelve months they were ₹289 Cr.
Net profit for the year to Mar 2026 was ₹7.03 Cr, and ₹7.49 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.25.
Cubex Tubings reported borrowings of ₹43.16 Cr at Mar 2026, against cash and equivalents of ₹4.01 Cr.
Cash from operations was ₹4.98 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹4.02 Cr.