{"id":267226,"date":"2026-09-24T12:10:24","date_gmt":"2026-09-24T06:40:24","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=267226"},"modified":"2026-09-24T12:10:24","modified_gmt":"2026-09-24T06:40:24","slug":"tube-investments-vs-elgi-equipments-vs-carborundum-universal","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/","title":{"rendered":"Tube Investments of India vs Elgi Equipments vs Carborundum Universal: Which Stock Should You Track"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Tube Investments of India PE 45.04, mkt cap Rs 49,949 crore. Elgi Equipments PE 43.47, mkt cap Rs 19,466 crore. Carborundum Universal PE 128.16, mkt cap Rs 24,074 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Tube Investments of India vs Elgi Equipments vs Carborundum Universal is a side-by-side comparison of three companies from the Diversified Engineering and Industrial Products space. On this comparison, Tube Investments of India carries a market capitalisation of about Rs 49,949 crore against Rs 19,466 crore for Elgi Equipments and Rs 24,074 crore for Carborundum Universal, with return on equity of 8.22%, 19.28% and 6.57% respectively. Each company&#8217;s numbers are presented here without a declared better pick, since the right stock depends on an investor&#8217;s own criteria.<\/p>\n<\/div>\n<p>Tube Investments of India vs Elgi Equipments vs Carborundum Universal starts with the core numbers most investors compare within the Diversified Engineering and Industrial Products segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.<\/p>\n<p>All three names sit in the Diversified Engineering and Industrial Products bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=tube-investments-vs-elgi-equipments-vs-carborundum-universal\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#Tube_Investments_of_India_Elgi_Equipments_and_Carborundum_Universal_Company_Overview\" title=\"Tube Investments of India, Elgi Equipments and Carborundum Universal: Company Overview\">Tube Investments of India, Elgi Equipments and Carborundum Universal: Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#Tube_Investments_of_India_vs_Elgi_Equipments_vs_Carborundum_Universal_Valuation_and_Profitability_Snapshot\" title=\"Tube Investments of India vs Elgi Equipments vs Carborundum Universal: Valuation and Profitability Snapshot\">Tube Investments of India vs Elgi Equipments vs Carborundum Universal: Valuation and Profitability Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#Tube_Investments_of_India_vs_Elgi_Equipments_vs_Carborundum_Universal_Latest_Quarterly_Results\" title=\"Tube Investments of India vs Elgi Equipments vs Carborundum Universal: Latest Quarterly Results\">Tube Investments of India vs Elgi Equipments vs Carborundum Universal: Latest Quarterly Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#What_Should_Investors_Look_at_Beyond_These_Numbers\" title=\"What Should Investors Look at Beyond These Numbers?\">What Should Investors Look at Beyond These Numbers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#FAQs_on_Tube_Investments_of_India_vs_Elgi_Equipments_vs_Carborundum_Universal\" title=\"FAQs on Tube Investments of India vs Elgi Equipments vs Carborundum Universal\">FAQs on Tube Investments of India vs Elgi Equipments vs Carborundum Universal<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#What_is_the_market_cap_difference_between_Tube_Investments_of_India_Elgi_Equipments_and_Carborundum_Universal\" title=\"What is the market cap difference between Tube Investments of India, Elgi Equipments and Carborundum Universal?\">What is the market cap difference between Tube Investments of India, Elgi Equipments and Carborundum Universal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#Which_of_the_three_has_the_highest_PE_ratio\" title=\"Which of the three has the highest PE ratio?\">Which of the three has the highest PE ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#Which_of_the_three_has_the_highest_ROE\" title=\"Which of the three has the highest ROE?\">Which of the three has the highest ROE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#Which_of_these_three_stocks_pays_the_highest_dividend_yield\" title=\"Which of these three stocks pays the highest dividend yield?\">Which of these three stocks pays the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#What_is_the_debt_to_equity_ratio_for_Tube_Investments_of_India_Elgi_Equipments_and_Carborundum_Universal\" title=\"What is the debt to equity ratio for Tube Investments of India, Elgi Equipments and Carborundum Universal?\">What is the debt to equity ratio for Tube Investments of India, Elgi Equipments and Carborundum Universal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#Which_of_the_three_trades_at_the_highest_price_to_book_value\" title=\"Which of the three trades at the highest price to book value?\">Which of the three trades at the highest price to book value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/tube-investments-vs-elgi-equipments-vs-carborundum-universal\/#Is_one_of_Tube_Investments_of_India_Elgi_Equipments_or_Carborundum_Universal_better_than_the_others\" title=\"Is one of Tube Investments of India, Elgi Equipments or Carborundum Universal better than the others?\">Is one of Tube Investments of India, Elgi Equipments or Carborundum Universal better than the others?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tube_Investments_of_India_Elgi_Equipments_and_Carborundum_Universal_Company_Overview\"><\/span><strong>Tube Investments of India, Elgi Equipments and Carborundum Universal: Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Tube Investments of India<\/strong> is a listed Indian company in the Diversified Engineering and Industrial Products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.<\/p>\n<p><strong>Elgi Equipments<\/strong> is a listed Indian company in the Diversified Engineering and Industrial Products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.<\/p>\n<p><strong>Carborundum Universal<\/strong> is a listed Indian company in the Diversified Engineering and Industrial Products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tube_Investments_of_India_vs_Elgi_Equipments_vs_Carborundum_Universal_Valuation_and_Profitability_Snapshot\"><\/span><strong>Tube Investments of India vs Elgi Equipments vs Carborundum Universal: Valuation and Profitability Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/tiindia\/tube-investments-of-india-ltd-share-price-today\">Tube Investments of India<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/elgiequip\/elgi-equipments-ltd-share-price-today\">Elgi Equipments<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/carborundm\/carborundum-universal-ltd-share-price-today\">Carborundum Universal<\/a><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Market Cap (approx.)<\/td>\n<td>Rs 49,949 crore<\/td>\n<td>Rs 19,466 crore<\/td>\n<td>Rs 24,074 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>45.04<\/td>\n<td>43.47<\/td>\n<td>128.16<\/td>\n<\/tr>\n<tr>\n<td>PB Ratio<\/td>\n<td>6.44<\/td>\n<td>8.72<\/td>\n<td>6.18<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE)<\/td>\n<td>8.22%<\/td>\n<td>19.28%<\/td>\n<td>6.57%<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM, Rs)<\/td>\n<td>57.29<\/td>\n<td>14.13<\/td>\n<td>9.86<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.14%<\/td>\n<td>0.44%<\/td>\n<td>0.32%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.10<\/td>\n<td>0.24<\/td>\n<td>0.11<\/td>\n<\/tr>\n<tr>\n<td>Book Value per Share (Rs)<\/td>\n<td>400.44<\/td>\n<td>70.43<\/td>\n<td>204.58<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for Live Data<\/strong><\/a><\/p>\n<p>On valuation, Tube Investments of India trades at a PE of 45.04 and a PB of 6.44, Elgi Equipments at a PE of 43.47 and a PB of 8.72, while Carborundum Universal trades at a PE of 128.16 and a PB of 6.18. On return on equity, the three post 8.22%, 19.28% and 6.57% respectively, and on dividend yield they stand at 0.14%, 0.44% and 0.32%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tube_Investments_of_India_vs_Elgi_Equipments_vs_Carborundum_Universal_Latest_Quarterly_Results\"><\/span><strong>Tube Investments of India vs Elgi Equipments vs Carborundum Universal: Latest Quarterly Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Latest Quarter Revenue<\/th>\n<th>Latest Quarter Net Profit<\/th>\n<th>YoY Change (Revenue)<\/th>\n<th>QoQ Change (Revenue)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Tube Investments of India<\/td>\n<td>Rs 6,327.30 crore<\/td>\n<td>Rs 293.96 crore<\/td>\n<td>+17.6%<\/td>\n<td>-0.1%<\/td>\n<\/tr>\n<tr>\n<td>Elgi Equipments<\/td>\n<td>Rs 1,082.60 crore<\/td>\n<td>Rs 103.30 crore<\/td>\n<td>+22.1%<\/td>\n<td>-4.6%<\/td>\n<\/tr>\n<tr>\n<td>Carborundum Universal<\/td>\n<td>Rs 1,471.33 crore<\/td>\n<td>Rs 80.34 crore<\/td>\n<td>+18.9%<\/td>\n<td>+3.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Tube Investments of India, Elgi Equipments and Carborundum Universal live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Look_at_Beyond_These_Numbers\"><\/span><strong>What Should Investors Look at Beyond These Numbers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the metrics above, investors comparing these three diversified engineering and industrial products names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tube Investments of India vs Elgi Equipments vs Carborundum Universal highlights how differently three companies in the same diversified engineering and industrial products segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Tube_Investments_of_India_vs_Elgi_Equipments_vs_Carborundum_Universal\"><\/span><strong>FAQs on Tube Investments of India vs Elgi Equipments vs Carborundum Universal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_difference_between_Tube_Investments_of_India_Elgi_Equipments_and_Carborundum_Universal\"><\/span><strong>What is the market cap difference between Tube Investments of India, Elgi Equipments and Carborundum Universal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of September 2026, Tube Investments of India has a market cap of approximately Rs 49,949 crore, Elgi Equipments is at approximately Rs 19,466 crore, and Carborundum Universal is at approximately Rs 24,074 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_PE_ratio\"><\/span><strong>Which of the three has the highest PE ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among Tube Investments of India, Elgi Equipments and Carborundum Universal, the PE ratios stand at 45.04, 43.47 and 128.16 respectively as of September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_ROE\"><\/span><strong>Which of the three has the highest ROE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tube Investments of India, Elgi Equipments and Carborundum Universal post ROE of 8.22%, 19.28% and 6.57% respectively as of September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_three_stocks_pays_the_highest_dividend_yield\"><\/span><strong>Which of these three stocks pays the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tube Investments of India, Elgi Equipments and Carborundum Universal carry dividend yields of 0.14%, 0.44% and 0.32% respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_debt_to_equity_ratio_for_Tube_Investments_of_India_Elgi_Equipments_and_Carborundum_Universal\"><\/span><strong>What is the debt to equity ratio for Tube Investments of India, Elgi Equipments and Carborundum Universal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tube Investments of India carries a debt to equity of 0.10, Elgi Equipments of 0.24, and Carborundum Universal of 0.11.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_trades_at_the_highest_price_to_book_value\"><\/span><strong>Which of the three trades at the highest price to book value?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tube Investments of India, Elgi Equipments and Carborundum Universal trade at price to book ratios of 6.44, 8.72 and 6.18 respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_one_of_Tube_Investments_of_India_Elgi_Equipments_or_Carborundum_Universal_better_than_the_others\"><\/span><strong>Is one of Tube Investments of India, Elgi Equipments or Carborundum Universal better than the others?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor&#8217;s own criteria and research.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the market cap difference between Tube Investments of India, Elgi Equipments and Carborundum Universal?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of September 2026, Tube Investments of India has a market cap of approximately Rs 49,949 crore, Elgi Equipments is at approximately Rs 19,466 crore, and Carborundum Universal is at approximately Rs 24,074 crore.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest PE ratio?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Among Tube Investments of India, Elgi Equipments and Carborundum Universal, the PE ratios stand at 45.04, 43.47 and 128.16 respectively as of September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest ROE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tube Investments of India, Elgi Equipments and Carborundum Universal post ROE of 8.22%, 19.28% and 6.57% respectively as of September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Which of these three stocks pays the highest dividend yield?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tube Investments of India, Elgi Equipments and Carborundum Universal carry dividend yields of 0.14%, 0.44% and 0.32% respectively.\"}},{\"@type\":\"Question\",\"name\":\"What is the debt to equity ratio for Tube Investments of India, Elgi Equipments and Carborundum Universal?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tube Investments of India carries a debt to equity of 0.10, Elgi Equipments of 0.24, and Carborundum Universal of 0.11.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three trades at the highest price to book value?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tube Investments of India, Elgi Equipments and Carborundum Universal trade at price to book ratios of 6.44, 8.72 and 6.18 respectively.\"}},{\"@type\":\"Question\",\"name\":\"Is one of Tube Investments of India, Elgi Equipments or Carborundum Universal better than the others?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tube Investments of India vs Elgi Equipments vs Carborundum Universal compared on market cap, PE, PB, ROE, dividend yield and debt to equity, as of September 2026.<\/p>\n","protected":false},"author":38,"featured_media":267225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[7212,1019],"class_list":["post-267226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-diversified-engineering-and-industrial-products","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["267225"],"rank_math_title":["Tube Investments of India vs Elgi Equipments vs Carborundum Unive"],"rank_math_description":["Tube Investments of India vs Elgi Equipments vs Carborundum Universal compared on market cap, PE, PB, ROE, dividend yield and debt to equity, as of September 2026."],"rank_math_focus_keyword":["Tube Investments of India vs Elgi Equipments vs Carborundum Universal"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/tube-investments-of-india-vs-elgi-equipments-vs-carborundum-universal-which.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/267226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=267226"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/267226\/revisions"}],"predecessor-version":[{"id":267227,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/267226\/revisions\/267227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/267225"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=267226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=267226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=267226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}