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Gandhi Special Tubes Ltd (GANDHITUBE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513108 NSE: GANDHITUBE Steel & Iron Products | Small Cap | Gandhi Spl. Tubes Share Price

₹865.40 8.35 (0.97%)

As on 02-Jul'26 16:59

Gandhi Special Tubes Ltd (GANDHITUBE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513108 NSE: GANDHITUBE Steel & Iron Products | Small Cap | Gandhi Spl. Tubes Share Price

₹865.40 8.35 (0.97%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,052 Cr.
Current Price
₹865.4
52-Week Low / High
₹669 / 1,034
TTM EPS
₹56.3
TTM Sales
₹192 Cr.
Book Value per Share
₹260
P/E Ratio
15.38
Higher than its 5-year historical median
Industry PE
24.3
Price to Book (P/B)
3.33
Lower than its 5-year historical median
Price to Sales (P/S)
5.48
Higher than its 5-year historical median
EV/EBITDA
10.95
In line with its 5-year historical median
Dividend Yield
1.73%
Profitability Efficiency
Return on Equity (ROE)
24.02%
Outperforms industry median
Return on Capital Employed (ROCE)
31.49%
Outperforms industry median
Return on Assets (ROA)
22.20%
Operating Profit Margin
39.6%
Net Profit Margin
34.01%
Gross Profit Margin
46.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.97%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
6.64%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
5.56%
Asset Quality
Promoter Holding
73.53%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹310 Cr.
Equity
₹6.1 Cr.
Face Value
₹5
All Time Low / High
₹2.50 / 1033.70

Gandhi Special Tubes stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Gandhi Special Tubes Ltd a good quality company?
Gandhi Special Tubes Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Gandhi Special Tubes Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Gandhi Special Tubes Ltd vs industry peers?
Gandhi Special Tubes Ltd revenue CAGR is 16.34%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Gandhi Special Tubes Ltd?
Promoters hold 73.53% of the Gandhi Special Tubes Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Gandhi Special Tubes Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.3% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gandhi Special Tubes Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.5%21.6%24.9%26.3%15%29.9%31.8%38.3%36.3%31.5%-
Value Creation
Index
0.10.50.80.90.11.11.31.71.61.3-

Growth Parameters

Sales 91.297.611412380.9114137167171173192
Sales YoY Gr.-7%16.8%7.9%-34.2%40.3%20.7%22.3%2%1%-
Adj EPS 12.420.721.627.716.527.830.838.143.847.456.3
YoY Gr.-66.6%4.2%28.3%-40.4%68.5%10.5%23.8%15.2%8%-
BVPS (₹) 112.5127.7128.3145.5113.5133.1121.1149.9183.3218.7260
Adj Net
Profit
18.330.429.838.321.335.937.446.353.357.568
Cash Flow from Ops. 28.520.831.931.118.632.441.645.426.447.1-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.4%16.3%8%1%
Adj EPS 16%23.5%15.5%8%
BVPS7.7%14%21.8%19.3%
Share Price 12.7% 14.5% 14.4% 19.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11.217.216.420.212.322.623.428.126.323.623.5
Op. Profit
Mgn %
29.533.836.137.229.639.535.936.237.539.643.6
Net Profit
Mgn %
2031.226.231.126.431.727.327.631.233.435.7
Debt to
Equity
00000000000
Working Cap
Days
1431351351322001491279811814283
Cash Conv.
Cycle
1261181191141771321098410513069

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales919811412381114137167171173
Operating Expenses + 64657377576988107107104
Manufacturing Costs22242424172026312930
Material Costs33313743303848636661
Employee Cost 67887891089
Other Costs 3242434344
Operating Profit 27334146244549616468
Operating Profit Margin (%) 29.5%33.8%36.1%37.2%29.4%39.5%35.9%36.2%37.5%39.6%
Other Income + 3108866551212
Exceptional Items 0000000000
Interest 0000000000
Depreciation 5444433333
Profit Before Tax 25384550264850637377
Tax 77121151112161818
Profit After Tax 19313439213639475659
PAT Margin (%) 20.4%31.6%29.5%31.4%26.4%31.9%28.2%28.3%32.5%34.0%
Adjusted EPS (₹)12.621.024.328.016.528.031.739.045.748.3
Dividend Payout Ratio (%)59.40%42.90%37.10%32.20%54.40%32.20%31.50%30.80%28.40%31.10%

Valuation of Gandhi Spl. Tubes - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 165188177201147172147182223266
Share Capital 7777666666
Reserves 158180170194140165141176217260
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables1122121222
Others Liabilities 14181918141918191818
Total Liabilities 180207197221162192166202243286

Fixed Assets

Net Fixed Assets +59555151484547444343
Gross Block130595962626267676668
Accumulated Depreciation714711141720232425
CWIP 0000000000
Investments 821049912069947385132170
Inventories17242027252124244245
Trade Receivables16161915152517182022
Cash Equivalents 33542322834
Others Assets 3334244443
Total Assets 180207197221162192166202243286

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 29213231193242452647
PBT 25384550264850637377
Adjustment 2-5-4-4-2-2-1-2-9-8
Changes in Working Capital 9-74-52-350-22-3
Tax Paid -8-6-13-10-7-11-13-15-16-19
Cash Flow From Investing Activity + -14-513-1756-2022-7-37-30
Capex -1-1-0-4-1-1-4-1-1-4
Net Investments -16-611-1653-2125-9-38-28
Others 3333321232
Cash Flow From Financing Activity + -13-16-44-15-76-12-64-12-15-16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000-0-0-0-0-0-0
Dividend Paid -11-160-15-15-12-12-12-15-16
Others -20-440-610-52-0-0-0
Net Cash Flow 101-1-11-026-251

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.417.4518.420.4212.322.724.1728.7527.4524.02
ROCE (%)15.521.5824.9426.3215.0129.9131.7938.2636.2831.49
Asset Turnover Ratio0.580.560.580.590.420.640.760.910.770.65
PAT to CFO Conversion(x)1.530.680.940.790.90.891.080.960.460.8
Working Capital Days
Receivable Days51.5054.2055.6051.7067.9064.6056.2037.704044
Inventory Days80.1069.2069.1069.80117.6074.3059.6051.7070.2091.70
Payable Days11.7010.8012.4014.4016.8013.3011.608.608.9010.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Gandhi Special Tubes Ltd FAQs

The current trading price of Gandhi Spl. Tubes on 02-Jul-2026 16:59 is ₹865.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Gandhi Spl. Tubes stood at ₹1,051.6 Cr

The latest P/E ratio of Gandhi Spl. Tubes as of 01-Jul-2026 is 15.38.

The latest P/B ratio of Gandhi Spl. Tubes as of 01-Jul-2026 is 3.33.

The 52-week high of Gandhi Spl. Tubes is ₹1,033.7 and the 52-week low is ₹668.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gandhi Spl. Tubes is ₹192 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gandhi Special Tubes Ltd is a good quality company.

The key valuation ratios of Gandhi Special Tubes Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gandhi Special Tubes Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Gandhi Special Tubes Ltd

Gandhi Special Tubes Limited formerly known as Gandhi Special 07 Tubes Limited was a project set up by Gandhi Group in technical collaboration with Benteler of Germany. Benteler is one of the leading enterprises in manufacturing of steel. Besides steel they manufacture welded and seamless steel tubes and are also producing pressed, drawn, stamped parts and tubular components.

The project was for manufacturing small diameter welded and cold drawn seamless steel tubes. M/S Benteler have supplied most of the critical machines and were involved in installation and commissioning of the plant and training personnel in India as well as Germany. The plant situated at Gujarat, started commercial production in April 1988. Gandhi Special Tubes Limited have also subsequently started producing tubular components like condenser coils and wire on tube condensors at Halol plant mentioned above and have recently set up a unit at Pune to manufacture tubular components.

Gandhi Special Tubes Limited had also started manufacturing of Cold Formed Tube Nuts for Fuel Injection Tube Assemblies as well as Hydraulic Tube Assemblies. This is a pioneering effort in India as hitherto tube nuts were being manufactured by machining.

Gandhi Group manufactures automobile components. The products are marketed all over India and are also exported all over the world including Germany, UK, South East Asian countries etc.

The organization’s philosophy is to aim at continuous growth by giving priority to customer satisfaction through assured product quality and use of state of art technology. Facilities at Pune plant for manufacturing tubular components include CNC and manual bending, hydraulic head forming, welding / brazing, flushing, pressure testing etc.Standard steel grades used are AISI 1010 / AISI 1015 / En1A other steel grades as well. Stainless steel grades like SSS304 / SS316 are also considered on request.

They are pioneers in introducing cold drawn seamless steel tubes normalized / annealed in bright annealing furnace in India. This ensures soft and scale free tubes.Clients of the company include organizations like, Tata Engineering & Locomotive, Tata Iron & Steel, Ashok Leyland, Maruti Udyog, Mahindra & Mahindra, Bajaj Auto, Escorts group companies, Larsen & Toubro, SMS India, Steel Authority of India, Bharat Heavy Electricals, Godrej Appliances, Electrolux India, Voltas, Daewoo India, Kirloskar Copeland, etc.

Product range of the company includes:

  • Small Diameter Welded Steel Tubes- The size range of small diameter welded steel tubes manufactured is 3.1 to 12.7mm OD and 0.5 to 1.5mm wall thickness. Plain, inside and outside copper plated and outside zinc plated tubes are manufactured. These tubes find applications mainly in refrigration and automobile industry.
  • Cold Drawn Seamless Steel Tubes- The size range of cold drawn seamless steel tubes manufactured is 3 to 75mm OD and 0.5 to 7.5 mm wall thickness. hese tubes find applications in high pressure fuel injection tubings and hydraulic tubings.
  • Tubular Components- Components manufactured are condensors , compressor parts, fuel injection tube assemblies , hydraulic tubes etc.
  • Cold Formed Nuts- Cold formed nuts have following distinct advantages over machined nuts :- High degree of reliability ensuring zero failures on account of cracked nuts.-Fatigue life, Tensile Strength, Yield Strength & Shear strength increase due to cold working. The unbroken flow lines follow the part contour which increase the strength of the part.-Improved surface finish which not only gives better looks to the nuts but improves life & greatly helps sealing where ferrules are used.

The organisation has given due importance to developing reliable quality systems. Company's quality system has been certified as per ISO/TS 16949 : 2002 as well as ISO 9001: 2000 by M/S TUV.

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