Tube Investments, a part of Murugappa Group, despite a 283% five-year return, has yielded near-zero returns over 19 months, correcting 36% from its October 2023 peak. This downturn follows weak Q4FY25 results, with standalone revenue at ₹1,957 crore. Slowing growth in its engineering segment and muted metal formed products performance are key factors in the stock's stagnation.