Gandhi Special Tubes Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2017 • Steel Tubes: 89.2% • Other: 6.2% • Wind Power: 4.6%
AI Sector View
AI GENERATEDMetals & Mining
The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 33.0%
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
- Latest quarter profit grew 29.3% YoY, showing strong momentum
- Operating margins have improved to 43.4% from 39.5%
CONS
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | 1267.50 | 12.51 | 309961.29 | 0.56 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| TATASTEEL | 182.85 | 20.69 | 228259.99 | 2.19 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| SAIL | 179.00 | 17.31 | 73936.40 | 1.31 | 1644.05 | 120.80 | 26245.67 | 1.25 | 7.08 | 15.92 |
| WELCORP | 2676.25 | 30.57 | 70596.97 | 0.19 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| JSL | 755.20 | 19.16 | 62260.17 | 0.53 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| APLAPOLLO | 2153.00 | 48.64 | 59779.85 | 0.39 | 263.11 | 10.94 | 5606.71 | 12.07 | 31.83 | 7.34 |
| SHYAMMETL | 1074.35 | 26.70 | 29988.53 | 0.42 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| JINDALSAW | 311.85 | 30.52 | 19943.06 | 0.64 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| RATNAMANI | 2808.15 | 45.47 | 19682.88 | 0.36 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| SARDAEN | 524.75 | 16.37 | 18491.21 | 0.38 | 478.13 | 9.50 | 1608.04 | -1.07 | 17.76 | 41.59 |
| GPIL | 244.50 | 20.41 | 16460.69 | 0.41 | 222.37 | 2.75 | 1750.47 | 32.29 | 20.20 | 19.36 |
| GANDHITUBE | 890.00 | 14.48 | 1081.53 | 1.69 | 27.94 | 29.28 | 57.20 | 18.88 | 31.31 | 46.58 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 46 | 44 | 41 | 39 | 41 | 49 | 40 | 43 | 48 | 48 | 48 | 47 | 57 | |
| 29 | 28 | 26 | 24 | 25 | 29 | 23 | 27 | 27 | 27 | 26 | 28 | 31 | |
| Operating Profit | 17 | 16 | 16 | 16 | 16 | 20 | 17 | 16 | 21 | 21 | 22 | 19 | 26 |
| OPM % | 37.01% | 35.74% | 37.62% | 40.00% | 38.70% | 40.79% | 42.09% | 37.01% | 43.17% | 43.80% | 46.04% | 41.28% | 45.02% |
| 4 | 3 | 3 | 3 | 3 | 4 | 2 | 2 | 8 | 3 | 5 | -5 | 10 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 20 | 18 | 18 | 18 | 18 | 23 | 18 | 17 | 28 | 23 | 26 | 13 | 36 |
| Tax % | 22.58% | 24.63% | 25.03% | 24.86% | 22.10% | 25.45% | 15.40% | 30.96% | 22.74% | 24.17% | 24.92% | 30.36% | 22.66% |
| Net Profit | 16 | 13 | 13 | 13 | 14 | 17 | 15 | 12 | 22 | 18 | 20 | 9 | 28 |
| 12.98 | 10.90 | 10.87 | 10.99 | 11.78 | 14.19 | 12.48 | 9.83 | 17.78 | 14.56 | 16.21 | 7.71 | 22.99 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 98 | 114 | 123 | 81 | 114 | 137 | 167 | 171 | 173 | 192 | 201 | |
| 65 | 73 | 77 | 57 | 69 | 88 | 107 | 107 | 104 | 108 | 112 | |
| Operating Profit | 33 | 41 | 46 | 24 | 45 | 49 | 61 | 64 | 68 | 84 | 89 |
| OPM % | 33.81% | 36.09% | 37.24% | 29.40% | 39.46% | 35.91% | 36.23% | 37.53% | 39.64% | 43.59% | 44.10% |
| 10 | 8 | 8 | 6 | 6 | 5 | 5 | 12 | 12 | 11 | 13 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before Tax | 38 | 45 | 50 | 26 | 48 | 50 | 63 | 73 | 77 | 91 | 99 |
| Tax % | 19.08% | 26.19% | 22.35% | 17.88% | 24.00% | 23.61% | 24.70% | 24.22% | 23.55% | 24.86% | 24.66% |
| Net Profit | 31 | 34 | 39 | 21 | 36 | 39 | 47 | 56 | 59 | 68 | 75 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 27.98 | 30.66 | 38.95 | 45.74 | 48.28 | 56.26 | — |
| Dividend Payout % | 42.94% | 37.05% | 32.19% | 54.40% | 32.16% | 31.51% | 30.81% | 28.42% | 31.07% | 26.66% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 11%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 14%
- 3 Years:
- 13%
STOCK PRICE CAGR
- 10 Years:
- 11%
- 5 Years:
- 14%
- 3 Years:
- 9%
- 1 Year:
- -6%
RETURN ON EQUITY
- 10 Years:
- 22%
- 5 Years:
- 26%
- 3 Years:
- 25%
- Last Year:
- 24%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 180 | 170 | 194 | 140 | 165 | 141 | 176 | 217 | 260 | 310 | |
| Trade Payables | 1 | 2 | 2 | 1 | 2 | 1 | 2 | 2 | 2 | 2 |
| 18 | 19 | 18 | 14 | 19 | 18 | 18 | 18 | 18 | 22 | |
| Total Liabilities | 207 | 197 | 221 | 162 | 192 | 166 | 202 | 243 | 286 | 340 |
| 55 | 51 | 51 | 48 | 45 | 47 | 44 | 43 | 43 | 42 | |
| 104 | 99 | 120 | 69 | 94 | 73 | 85 | 132 | 170 | 213 | |
| 24 | 20 | 27 | 25 | 21 | 24 | 24 | 42 | 45 | 56 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 22 | 20 | |
| Cash & Bank | 3 | 5 | 4 | 2 | 3 | 2 | 28 | 3 | 4 | 7 |
| 20 | 23 | 19 | 17 | 29 | 21 | 22 | 4 | 3 | 2 | |
| Total Assets | 207 | 197 | 221 | 162 | 192 | 166 | 202 | 243 | 286 | 340 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 45 | 42 | 26 | 43 | 54 | 61 | 26 | 47 | 55 | |
| Cash from Investing | -5 | 13 | -17 | 56 | -20 | 22 | -7 | -37 | -30 | -34 |
| Cash from Financing | -16 | -44 | -15 | -76 | -12 | -64 | -12 | -15 | -16 | -18 |
| 0 | 1 | -1 | -1 | 1 | -0 | 26 | -25 | 1 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - Gandhi Special Tubes Limited has informed the Exchange about Copy of Newspaper Publication- Post Buyback Newspaper Publication Business Standard English and Hindi all Edition and Navshakti
2026-08-26 - Gandhi Special Tubes Limited has informed the Exchange about Copy of Newspaper Publication- Dispatch of Letter of Offer and Tender Form
2026-08-25 - Gandhi Special Tubes Limited has informed the Exchange about Buyback- Update regarding the Buyback Offer of up to 8,68,100 fully paid-up Equity Shares of Face Value of Rs. 5/- each of Gandhi Special Tubes Limited ( the Company ) at a price of INR 900/- per Equity Share through tender offer route ( Buyback Offer ) -Copy of Letter of Offer and Tender Form
2026-08-25 - Gandhi Special Tubes Limited has informed the Exchange about Copy of Newspaper Publication -Corrigendum to Public Announcement for the Buyback of fully paid-up Equity Shares of Gandhi Special Tubes Limited
2026-08-18 - Gandhi Special Tubes Limited has informed the Exchange about Copy of Newspaper Publication- Public Announcement for Buyback of Equity Shares
2026-08-14 - Gandhi Special Tubes Limited has informed the Exchange regarding 'Shareholders Resolution For Buyback Of Equity Shares'.
2026-08-14 - Gandhi Special Tubes Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Gandhi Special Tubes Limited has informed the Exchange that Record date for the purpose of Buyback is 21-Aug-2026.
2026-08-14 - Gandhi Special Tubes Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 12, 2026. Further, the company has informed the Exchange regarding voting results.
News
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