MarketFriction

Gandhi Special Tubes Ltd

NSE GANDHITUBE · BSE 513108 · Iron & Steel Products
₹975.55 +2.52%
NSE close2026-10-01
52 week range681.05 - 1,046.60
Market cap₹1,092 Cr.
P/E14.5
Price band 20% Delivery 48.1%

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
Sales444139414940434848484757
Expenses282624252923272727262831
Operating Profit161616162017162121221927
OPM %36%38%40%39%41%42%37%43%44%46%41%47%
Other Income3333422835-510
Interest0000000-000-00
Depreciation111111111111
Profit before tax181818182318172823261336
Tax %25%25%25%22%25%15%31%23%24%25%30%23%
Net Profit13131314171512221820928
EPS in Rs10.9010.8710.9911.7814.2012.489.8317.7814.5616.217.7022.99
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales919811412381114137167171173192201
Expenses64657377576988107107104108111
Operating Profit273341462445496164688489
OPM %30%34%36%37%30%39%36%36%38%40%44%45%
Other Income31088665512121113
Interest000000000000
Depreciation544443333333
Profit before tax253845502648506373779199
Tax %26%19%26%22%18%24%24%25%24%24%25%
Net Profit193134392136394756596875
EPS in Rs12.6220.9624.2927.9616.5427.9831.7438.9645.7448.2856.2561.46
Dividend Payout %59%43%37%32%54%32%32%31%28%31%27%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%11%5%12%
Compounded Profit Growth12%10%9%14%
Stock Price CAGR12%16%12%2%
Return on Equity20%22%21%20%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital777776666666
Reserves153158180170194140165141176217260310
Borrowings000000000000
Other Liabilities141518202015201920202024
Total Liabilities174180206197221162192166202243286340
Fixed Assets635955515148454744434342
CWIP000000000000
Investments65821049912069947385132170213
Other Assets464046475044534773687385
Total Assets174180206197221162192166202243286340
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity152921323119324245264755
Cash from Investing Activity-1-14-513-1756-2022-7-37-30-34
Cash from Financing Activity-13-13-16-44-15-76-12-64-12-15-16-18
Net Cash Flow0101-1-11-026-2513
Free Cash Flow112820322718313844254353
CFO/OP95%134%81%109%91%107%97%110%100%66%96%93%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days506561624666824439424739
Inventory Days300186288197231308204179138233266313
Days Payable1310101615121710991110
Cash Conversion Cycle337240339243262362269213168265302341
Working Capital Days1521201391071131681229272115120120
ROCE %13%15%21%25%26%15%30%30%36%32%28%28%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%71.70%
FIIs1.49%1.43%1.43%1.42%1.42%1.41%1.40%1.23%1.23%1.23%1.23%1.32%
DIIs0.00%0.00%0.00%0.00%0.04%0.04%0.05%0.05%0.09%0.06%0.05%0.02%
Public24.99%25.05%25.06%25.04%25.02%25.02%25.02%25.19%25.17%25.19%25.20%26.96%
No. of Shareholders11,10911,47911,60911,64511,50711,62611,47512,11312,01712,08213,84112,278

Fundamentals

Market Cap₹ 1,092 Cr.
Current Price₹ 967
Stock P/E14.5
Book Value₹ 260
ROCE28.4 %
ROE20.0 %
Dividend Yield1.55 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)14%
Standalone figures.
Valuation
Market capRs 1,185 Cr
Enterprise valueRs 1,179 Cr
P/E (TTM)15.87x
Price to book3.75x
Price to sales5.90x
EV / EBITDA11.48x
EV / EBIT11.88x
EV / sales5.87x
Price to cash flow21.48x
Earnings yield6.30%
Dividend yield1.54%
P/E, 3-year average14.30x
P/B, 3-year average3.29x
P/E, 5-year average13.30x
P/B, 5-year average3.21x
Profitability
Operating margin (excl. other income)43.58%
Operating margin (incl. other income)49.27%
EBITDA margin51.12%
Pre-tax margin49.35%
Net profit margin37.19%
Net margin, latest quarter48.85%
ROE23.50%
ROCE31.29%
ROA21.84%
ROE, 3-year average24.99%
ROCE, 3-year average33.02%
ROA, 3-year average23.00%
ROE, 5-year average25.58%
ROCE, 5-year average33.82%
ROA, 5-year average23.24%
ROIC (approx.)24.10%
Tax rate24.85%
Other income / net worth3.45%
Growth
Sales growth (latest year)11.15%
Profit growth (latest year)16.52%
Sales CAGR, 3 years4.62%
Sales CAGR, 5 years11.05%
Profit CAGR, 3 years13.03%
Profit CAGR, 5 years13.59%
Sales growth QoQ21.16%
Profit growth QoQ198.50%
Sales growth YoY (latest quarter)18.89%
Profit growth YoY (latest quarter)29.29%
Per share
EPS (TTM)Rs 61.46
EPS (latest year)Rs 56.25
EPS (latest quarter)Rs 22.99
EPS, 3-year averageRs 50.09
EPS, 5-year averageRs 44.19
Book value per shareRs 260.00
Sales per shareRs 165.29
Cash flow per shareRs 45.42
Free cash flow per shareRs 43.61
Dividend per share (latest year)Rs 15.01
Dividend per share, 3-year averageRs 14.34
Dividend per share, 5-year averageRs 13.01
Dividends
Dividend payout26.68%
Dividend payout, 3-year average28.74%
Dividend payout, 5-year average29.71%
Efficiency
Asset turnover0.56x
Fixed asset turnover4.61x
Inventory turnover1.69x
Inventory days217 days
Debtor days39 days
Debtors turnover9.43x
Creditor days10 days
Cash conversion cycle341 days
Working capital days120 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 7 Cr
Net debtRs -7 Cr
Debt to equity0.00x
Net debt / EBITDA-0.06x
Interest coverage992.30x
Current ratio (filing 2026-03-31)6.11x
Quick ratio (filing 2026-03-31)2.35x
Trade payables (filing 2026-03-31)Rs 2 Cr
Owners' fund to total sources92.91%
Debt to assets0.03%
Cash flow
Cash from Operating Activity (latest year)Rs 55 Cr
Cash from Investing Activity (latest year)Rs -34 Cr
Cash from Financing Activity (latest year)Rs -18 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 53 Cr
FCFE (approx.: FCF + change in debt)Rs 53 Cr
Cash from ops / profit, 5 years0.80x
Sales to cash flow3.47x
Statement figures
Net sales (TTM)Rs 201 Cr
Net sales (latest year)Rs 192 Cr
Sales (latest quarter)Rs 57 Cr
Operating profit excl. other income (latest year)Rs 84 Cr
Operating profit (latest quarter)Rs 27 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 103 Cr
PBDT (TTM)Rs 103 Cr
Profit before tax (TTM)Rs 99 Cr
Tax (latest year)Rs 23 Cr
Net profit (TTM)Rs 75 Cr
Net profit (latest year)Rs 68 Cr
Net profit (latest quarter)Rs 28 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 94 Cr
Total expenditure (latest year)Rs 108 Cr
Total income (latest year)Rs 203 Cr
Share capitalRs 6 Cr
ReservesRs 310 Cr
Shareholders' fundsRs 316 Cr
Total assetsRs 340 Cr
Net blockRs 42 Cr
InvestmentsRs 213 Cr
ReceivablesRs 20 Cr
InventoryRs 56 Cr
Other liabilitiesRs 24 Cr
Shares outstanding (crore)1.22
Ownership
Promoter holding71.70% (-1.82 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.9 is at the 69th percentile of its own 9.4-year range (median 14.3, low 5.2, high 21.7).
P/B 3.75 is at the 69th percentile (median 3.00).
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.
PeriodGANDHITUBENifty 50Difference
1 week-0.4%-2.8% +2.4 pts
1 month+8.8%-6.8% +15.6 pts
3 months+13.3%-7.6% +20.9 pts
6 months+28.7%+0.4% +28.3 pts
1 year+9.8%-9.9% +19.7 pts
2 years+20.0%-13.6% +33.6 pts
3 years+42.3%+14.2% +28.1 pts
5 years+114.8%+27.9% +86.9 pts

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
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 ₹57 Cr +18.8% vs Jun 2025. Net profit ₹28 Cr +27.3%.
Against our estimate for Jun 2026: sales +3.6%, profit +28.5% beat. Our estimate for Sep 2026: sales Rs 55 Cr, profit Rs 22 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-21Buy Back
2026-08-05Dividend - Rs 15 Per Share
2025-08-04Dividend - Rs 15 Per Share
2024-08-05Dividend - Rs 13 Per Share
2023-07-28Dividend - Rs 12 Per Share
2022-06-30Annual General Meeting/Dividend - Rs 10 Per Share
2021-08-30 Buy Back
2021-07-29 Annual General Meeting/Dividend - Rs 9 Per Share
2020-09-10 Annual General Meeting/Dividend - Rs 9 Per Share
2019-08-14 Buyback
2019-07-11 Annual General Meeting/Dividend - Rs 9 Per Share
2018-08-02 Annual General Meeting/Dividend- Rs 9 Per Share
2018-02-08 Buyback
2017-07-07 Annual General Meeting
2017-02-02 Interim Dividend Rs 9/- Per Share (Purpose Revised)
2016-07-25 Annual General Meeting
2016-01-28 Interim Dividend Rs 7.50 Per Share (Purpose Revised)
2015-07-24Annual General Meeting
2015-02-02Interim Dividend - Rs 7.50/- Per Share (Purpose Revised)
2014-07-21Annual General Meeting
2014-02-03Interim Dividend - Rs 6/- Per Share (Purpose Revised)
2013-07-22Annual General Meeting
2013-02-01Interim Dividend Rs 6 Per Share (Purpose Revised)
2012-07-20Annual General Meeting
2012-01-27Interim Dividend Rs.6/- Per Share (Purpose Revised)
2011-07-22Annual General Meeting
2011-02-03Interim Dividend-Rs.5/- Per Share (Purpose Revised)
2010-07-23Annual General Meeting
2010-01-28Div-Int Re 2.5+Spl Re 2.5purpose Revised
2009-07-20Annual General Meeting
2009-02-04Int Div-Rs.2.50 Per Sharepurpose Revised
2008-07-21Annual General Meeting
2008-03-17Fv Split Rs.10/- To Rs.5/0.5000
2008-01-30Int Div- Rs.5/- Per Share
2007-07-18Annual General Meeting
DateTypeWhat it says
2026-09-23Volume querySignificant increase in volume has been observed in Gandhi Special Tubes Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-09-22Volume querySignificant increase in volume has been observed in Gandhi Special Tubes Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-09-17Closure of Buy BackClosure of Buy Back with effect from September 17, 2026
2026-08-25BuybackBuyback- 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 Limite...
2026-08-14UpdatesShareholders Resolution For Buyback Of Equity Shares.
2026-08-14Record DateRecord date for the purpose of Buyback is 21-Aug-2026.
2026-08-14Shareholder meetingVoting results.
2026-08-12Board meeting outcomeGandhi Special Tubes Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-12Shareholder meetingProceedings of Annual General Meeting held on August 12, 2026
2026-07-17General UpdatesGeneral Updates
2026-07-17Shareholder meetingNotice of Annual General Meeting to be held on August 12, 2026
2026-06-15Disclosure under SEBI TakeovManhar G. Gandhi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-06-15Disclosure under SEBI TakeovManhar G. Gandhi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-05-25AppointmentAppointment of Mr. Rohan Rana General Manager Plant Head as Senior management Personnel of the company w.e.f. Jun 01, 2026.
2026-05-25Board meeting outcomeOutcome of Board Meeting held on May 25, 2026.
2026-05-25DividendBoard of Directors at its meeting held on May 25, 2026, recommended Final Dividend of Rs. 15 per equity share.
2026-05-25Shareholder meetingAnnual General Meeting to be held on August 12, 2026
2026-05-25AppointmentAppointment of as Non- Executive Director of the company w.e.f. Jun 01, 2026.
2026-05-25Record DateRecord date for the purpose of Dividend is 05-Aug-2026.
2026-05-25BuybackBoard Approved Buyback
2026-05-25Board meeting outcomeOutcome of Board Meeting Standalone results
2026-02-18Volume querySignificant increase in volume has been observed in Gandhi Special Tubes Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-02-17Volume querySignificant increase in volume has been observed in Gandhi Special Tubes Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-02-10Board meeting outcomeGandhi Special Tubes Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-10Board meeting outcomeBoard meeting held on February 10, 2026.
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 Gandhi Special Tubes Ltd?

Gandhi Special Tubes Ltd (GANDHITUBE) has a market capitalisation of Rs 1,092 Cr. at the 2026-10-01 close.

What is the P/E ratio of Gandhi Special Tubes Ltd?

Gandhi Special Tubes Ltd trades at a P/E of 14.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Gandhi Special Tubes Ltd's latest quarterly results?

In the Jun 2026 quarter, Gandhi Special Tubes Ltd sales was Rs 57 Cr (+18.8% vs Jun 2025) and net profit was Rs 28 Cr.

What is the 52-week high and low of Gandhi Special Tubes Ltd?

The 52-week high is Rs 1,046.60 and the 52-week low is Rs 681.05.

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