MarketFriction

Tamilnadu Steel Tubes Ltd

BSE 513540 · Iron & Steel Products
₹30.00 -4.76%
BSE close2026-09-28
Market cap₹15.4 Cr.
P/E512

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales19.1314.4918.9220.9516.4516.1120.3525.0922.1418.9625.6721.36
Expenses18.8814.2519.0720.6316.2615.8820.1324.7921.7318.7525.2620.97
Operating Profit0.250.24-0.150.320.190.230.220.300.410.210.410.39
OPM %1.31%1.66%-0.79%1.53%1.16%1.43%1.08%1.20%1.85%1.11%1.60%1.83%
Other Income0.020.000.390.020.060.040.040.050.020.060.030.06
Interest0.160.160.130.170.120.180.180.190.170.130.160.14
Depreciation0.080.080.090.070.070.070.130.110.120.120.130.18
Profit before tax0.030.000.020.100.060.02-0.050.050.140.020.150.13
Tax %-33.33%-950.00%0.00%50.00%0.00%-20.00%0.00%71.43%100.00%126.67%84.62%
Net Profit0.030.000.210.100.030.02-0.050.050.050.00-0.040.02
EPS in Rs0.060.000.410.200.060.04-0.100.100.100.00-0.080.04
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales78.3980.5290.6381.3750.8651.9877.3592.0671.5073.8691.8688.13
Expenses74.5177.9788.7680.4553.2251.8776.1791.4770.9772.9290.5286.71
Operating Profit3.882.551.870.92-2.360.111.180.590.530.941.341.42
OPM %4.95%3.17%2.06%1.13%-4.64%0.21%1.53%0.64%0.74%1.27%1.46%1.61%
Other Income0.690.140.030.110.260.360.070.640.490.170.150.17
Interest0.860.580.490.680.050.040.110.520.590.640.650.60
Depreciation0.260.300.340.330.330.320.250.330.340.350.480.55
Profit before tax3.451.811.070.02-2.480.110.890.380.090.120.360.44
Tax %26.67%34.81%34.58%-400.00%-0.81%718.18%41.57%-50.00%-222.22%25.00%83.33%
Net Profit2.531.180.700.09-2.46-0.680.520.570.280.100.060.03
EPS in Rs4.942.301.370.18-4.80-1.331.011.110.550.200.120.06
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%12%0%13%
Compounded Profit Growth-34%16%-57%-40%
Stock Price CAGR-6%17%8%44%
Return on Equity0%3%1%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5.125.125.125.125.125.125.125.125.125.125.125.12
Reserves1.924.455.436.136.223.753.073.594.134.364.384.79
Borrowings9.758.758.752.214.510.299.523.906.286.288.8610.38
Other Liabilities12.128.6511.8520.2714.7516.976.8316.6717.0616.0818.3717.36
Total Liabilities28.9126.9731.1533.7330.6026.1324.5429.2832.5931.8436.7337.65
Fixed Assets2.292.092.472.522.291.911.722.352.422.332.783.48
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets26.6224.8828.6831.2128.3124.2222.8226.9330.1729.5133.9534.17
Total Assets28.9126.9731.1533.7330.6026.1324.5429.2832.5931.8436.7337.65
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-4.53-1.780.720.670.41-0.310.58-4.01-1.610.810.221.77
Cash from Investing Activity0.080.03-0.667.59-0.032.61-10.53-0.83-0.290.01-0.78-0.84
Cash from Financing Activity3.981.41-0.57-7.011.66-4.089.343.701.86-0.581.810.58
Net Cash Flow-0.46-0.33-0.511.252.05-1.78-0.61-1.14-0.030.231.251.51
Free Cash Flow-4.45-1.86-0.08-2.310.30-0.270.44-4.90-1.950.76-0.570.91
CFO/OP-88%-21%47%55%47%13%1,245%-309%-295%153%23%146%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days54.8764.7278.9773.4261.8690.1484.1263.6653.7266.3168.3950.26
Inventory Days44.9148.8150.4948.0950.5273.0574.6568.5870.7387.6797.1375.22
Days Payable21.285.1023.5121.980.862.828.706.419.445.7718.418.68
Cash Conversion Cycle78.50108.42105.9599.53111.52160.37150.08125.83115.01148.21147.11116.80
Working Capital Days19.6046.5645.1970.0470.78126.6755.6890.0881.36105.2194.0463.18
ROCE %31.84%24.72%12.81%9.77%4.84%-19.43%1.12%6.53%5.97%3.13%4.45%5.12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters13.61%13.61%13.61%13.61%13.61%13.61%13.61%13.61%13.61%13.61%13.61%13.61%
DIIs1.38%1.38%1.38%1.38%1.38%1.38%1.38%1.38%1.38%1.38%1.38%1.38%
Public85.02%85.02%85.01%85.02%85.01%85.01%85.01%85.01%85.01%85.02%85.01%85.01%
No. of Shareholders13,81213,79413,76113,73813,70213,66913,64413,62413,59413,53213,52413,490

Fundamentals

Market Cap₹ 15.4 Cr.
Current Price₹ 30.0
Stock P/E512
Book Value₹ 19.3
ROCE5.12 %
ROE0.41 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)-40%
Standalone figures.
Valuation
Market capRs 15 Cr
Enterprise valueRs 23 Cr
P/E (TTM)256.24x
Price to book1.55x
Price to sales0.17x
EV / EBITDA14.28x
EV / EBIT21.83x
EV / sales0.26x
Price to cash flow8.69x
Earnings yield0.39%
P/E, 3-year average87.08x
P/B, 3-year average0.85x
P/E, 5-year average56.02x
P/B, 5-year average0.74x
Profitability
Operating margin (excl. other income)1.46%
Operating margin (incl. other income)1.62%
EBITDA margin1.80%
Pre-tax margin0.50%
Net profit margin0.07%
Net margin, latest quarter0.09%
ROE0.62%
ROCE5.23%
ROA0.16%
ROE, 3-year average1.55%
ROCE, 3-year average4.68%
ROA, 3-year average0.44%
ROE, 5-year average3.43%
ROCE, 5-year average5.40%
ROA, 5-year average1.02%
ROIC (approx.)1.01%
Tax rate83.33%
Other income / net worth1.51%
Growth
Sales growth (latest year)24.37%
Profit growth (latest year)-40.00%
Sales CAGR, 3 years-0.07%
Sales CAGR, 5 years12.06%
Profit CAGR, 3 years-52.78%
Sales growth QoQ-16.79%
Sales growth YoY (latest quarter)-14.87%
Profit growth YoY (latest quarter)-60.00%
Per share
EPS (TTM)Rs 0.12
EPS (latest year)Rs 0.12
EPS (latest quarter)Rs 0.04
EPS, 3-year averageRs 0.29
EPS, 5-year averageRs 0.60
Book value per shareRs 19.34
Sales per shareRs 171.97
Cash flow per shareRs 3.45
Free cash flow per shareRs 1.78
Efficiency
Asset turnover2.44x
Fixed asset turnover26.40x
Inventory turnover5.30x
Inventory days69 days
Debtor days50 days
Debtors turnover7.26x
Creditor days9 days
Cash conversion cycle117 days
Working capital days63 days
Leverage
Total debtRs 10 Cr
Cash and bankRs 3 Cr
Net debtRs 7 Cr
Debt to equity1.05x
Net debt / EBITDA4.61x
Interest coverage1.73x
Owners' fund to total sources26.32%
Debt to assets27.57%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 1 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years-1.84x
Sales to cash flow51.90x
Statement figures
Net sales (TTM)Rs 88 Cr
Net sales (latest year)Rs 92 Cr
Sales (latest quarter)Rs 21 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 85 Cr
Total expenditure (latest year)Rs 91 Cr
Total income (latest year)Rs 92 Cr
Share capitalRs 5 Cr
ReservesRs 5 Cr
Shareholders' fundsRs 10 Cr
Total assetsRs 38 Cr
Net blockRs 3 Cr
ReceivablesRs 13 Cr
InventoryRs 16 Cr
Other liabilitiesRs 17 Cr
Shares outstanding (crore)0.51
Ownership
Promoter holding13.61% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 192.2 is at the 87th percentile of its own 5.2-year range (median 19.7, low 7.5, high 302.8).
P/B 1.55 is at the 89th percentile (median 0.96).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period513540Nifty 50Difference
1 week-12.0%-2.8% -9.3 pts
1 month+30.4%-6.8% +37.2 pts
3 years+27.6%+14.2% +13.4 pts
5 years+130.8%+27.9% +102.9 pts

Red flags

F-score 6 of 8
lookProfit leans on other income Other income was 42% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹21 Cr -14.9% vs Jun 2025. Net profit ₹0 Cr -60.0%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Tamilnadu Steel Tubes Ltd?

Tamilnadu Steel Tubes Ltd (513540) has a market capitalisation of Rs 15.4 Cr. at the 2026-09-28 close.

What is the P/E ratio of Tamilnadu Steel Tubes Ltd?

Tamilnadu Steel Tubes Ltd trades at a P/E of 512 on trailing twelve-month profit, at the 2026-09-28 close.

What were Tamilnadu Steel Tubes Ltd's latest quarterly results?

In the Jun 2026 quarter, Tamilnadu Steel Tubes Ltd sales was Rs 21 Cr (-14.9% vs Jun 2025) and net profit was Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03