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Tamilnadu Steel Tubes Ltd (513540) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 513540 NSE: | Steel & Iron Products | Small Cap

TN Steel & Tubes Share Price

20.58 0.00 (0.00%)
As on 04-May'26 16:59

Tamilnadu Steel Tubes Ltd (513540)

BSE: 513540 NSE:
Key Metrics
Market Cap
₹11 Cr.
P/E Ratio
245.28
Price to Book (P/B)
1.10
Price to Sales (P/S)
0.12
EV/EBITDA
13.54
Return on Capital Employed (ROCE)
4.51%
Current Price
₹20.6
Return on Equity (ROE)
1.05%
Return on Assets (ROA)
0.29%
Operating Profit Margin
1.3%
Net Profit Margin
0.13%
Gross Profit Margin
0.6%
Book Value per Share
₹18.7
Sales Growth (YoY)
3.3%
Sales Growth (3 Years)
-1.53%
Operating Profit Growth (1 Year)
86.27%
Operating Profit Growth (3 Years)
-6.97%
Net Profit Growth (1 Year)
-64.29%
52-Week Low / High
₹12 / 46
Net Profit Growth (3 Years)
-42.4%
Dividend Yield
0.00%
Promoter Holding
13.61%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Stock return of Tamilnadu Steel Tubes Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -9.4% based on the current price.
Q.1 Revenue growth of Tamilnadu Steel Tubes Ltd?
Tamilnadu Steel Tubes Ltd revenue growth is 3.3% for FY-2025, which is below its 5-year CAGR of 7.75%, indicating slower growth.
Q.1 Which industry/sub-sector does Tamilnadu Steel Tubes Ltd belong to?
Tamilnadu Steel Tubes Ltd belongs to the Metals & Mining sector, operating specifically within the Steel & Iron Products segment.
Q.1 Promoter shareholding and pledge status of Tamilnadu Steel Tubes Ltd?
Promoters hold 13.61% of the Tamilnadu Steel Tubes Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of Tamilnadu Steel Tubes Ltd vs industry peers?
Tamilnadu Steel Tubes Ltd revenue CAGR is 7.75%, compared to the industry median CAGR of 11.40%, indicating stable growth and maintaining its market share.

DeciZen - make an informed investing decision on TN Steel & Tubes

Based on:

M-Cap below 100cr DeciZen not available

Tamilnadu Steel Tubes stock performance

Key Ratios
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Is Tamilnadu Steel Tubes Ltd an attractive stock to invest in?

1. Is Tamilnadu Steel Tubes Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tamilnadu Steel Tubes Ltd is a below average quality company.

2. Is Tamilnadu Steel Tubes Ltd undervalued or overvalued?

The key valuation ratios of Tamilnadu Steel Tubes Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Tamilnadu Steel Tubes Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tamilnadu Steel Tubes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray :

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.
Tamilnadu Steel Tubes Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24.6%12.7%9.5%4.7%-19.5%1.2%6.6%6.4%4.3%4.5%-
Value Creation
Index
0.8-0.1-0.3-0.7-2.4-0.9-0.5-0.5-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 78.480.590.681.450.95277.492.171.573.987
Sales YoY Gr.-2.7%12.6%-10.2%-37.5%2.2%48.8%19%-22.3%3.3%-
Adj EPS 52.31.40.1-4.8-1.3110.30.20.1
YoY Gr.--54.2%-39.5%-89.9%-3550%NANA2%-71.8%-34.5%-
BVPS (₹) 18.720.62222.117.3161718.118.518.518.7
Adj Net
Profit
2.61.20.70.1-2.5-0.70.50.50.20.10
Cash Flow from Ops. -1.80.70.70.4-0.30.6-4-1.60.80.2-
Debt/CF from Ops. -4.912.23.310.9-0.916.3-1-3.97.855.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.7%7.8%-1.5%3.3%
Adj EPS -30.4%NA-42.7%-34.5%
BVPS-0.1%1.4%2.9%0.2%
Share Price -9.4% 13.5% 26.4% 39.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
30.711.66.50.6-24.5-86.15.91.610.4
Op. Profit
Mgn %
53.22.11.1-4.60.21.50.60.71.31.3
Net Profit
Mgn %
3.31.50.80.1-4.9-1.30.70.60.20.10.1
Debt to
Equity
0.90.80.20.401.20.50.70.70.9-
Working Cap
Days
10811911712216915411411315115267
Cash Conv.
Cycle
87999210515714210410213613343

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.93

Sales growth is good in last 4 quarters at 19.90%

Return on Equity has declined versus last 3 years average to 0.40%

Sales growth has been subdued in last 3 years -1.53%

Net Profit has been subdued in last 3 years -42.70%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 0.1 -
TTM Sales (₹ Cr.) 86.5 -
BVPS (₹) 18.7 -
Reserves (₹ Cr.) 4 -
P/BV 1.10 -
PE 245.28 -
From the Market
52 Week Low / High (₹) 12.31 / 45.71
All Time Low / High (₹) 1.00 / 57.65
Market Cap (₹ Cr.) 10.6
Equity (₹ Cr.) 5.1
Face Value (₹) 10
Industry PE 27.6

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 (%)

Valuation of TN Steel & Tubes - Standalone Basis

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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Event Update

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Analyst's Notes

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Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales78.4080.5290.6381.3750.8651.9877.3592.0671.5073.86
Operating Expenses + 74.5477.9988.8180.4653.2251.8676.1791.4870.9872.91
Manufacturing Costs4.403.774.845.164.024.075.476.065.485.90
Material Costs63.6467.3775.9068.2142.7242.3965.5279.6860.1261.48
Employee Cost 2.693.314.433.803.513.803.854.253.994.26
Other Costs 3.803.553.643.302.971.601.331.491.391.26
Operating Profit 3.862.521.820.91-2.360.121.180.590.510.95
Operating Profit Margin (%) 4.9%3.1%2.0%1.1%-4.6%0.2%1.5%0.6%0.7%1.3%
Other Income + 0.720.160.070.120.260.360.070.640.500.17
Exceptional Items 0000000000
Interest 0.860.580.490.680.050.040.110.520.590.64
Depreciation 0.260.300.340.330.330.320.250.330.340.34
Profit Before Tax 3.451.811.070.01-2.480.110.880.380.090.13
Tax 0.920.630.37-0.08-0.020.790.36-0.19-0.200.03
Profit After Tax 2.531.180.700.09-2.46-0.680.520.570.280.10
PAT Margin (%) 3.2%1.5%0.8%0.1%-4.8%-1.3%0.7%0.6%0.4%0.1%
Adjusted EPS (₹)4.92.31.40.2-4.8-1.31.01.10.60.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 9.5810.5511.2511.348.888.208.729.259.489.50
Share Capital 5.125.125.125.125.125.125.125.125.125.12
Reserves 4.455.436.136.223.753.073.594.134.364.38
Debt +8.768.752.214.510.299.523.906.126.158.58
Long Term Debt1.790.110.250.12000.640.460.510.43
Short Term Debt6.978.641.964.400.299.523.265.665.638.15
Minority Interest0000000000
Trade Payables0.894.344.570.160.331.011.152.060.953.20
Others Liabilities 7.747.5115.7014.5916.625.8115.5115.1615.1315.33
Total Liabilities 26.9731.1433.7330.6026.1224.5529.2832.5931.7136.62

Fixed Assets

Net Fixed Assets +1.902.472.522.291.911.722.322.392.302.75
Gross Block9.492.653.023.0833.073.924.083.804.60
Accumulated Depreciation7.590.180.500.791.091.351.611.701.501.85
CWIP 0.18000000000
Investments 0000000000
Inventories8.519.32109.448.558.6712.3115.4414.4416.88
Trade Receivables13.9017.4218.2313.7912.5611.9813.4913.5512.9913.84
Cash Equivalents 0.830.321.573.611.841.230.090.060.291.54
Others Assets 1.651.621.411.471.270.941.071.161.691.61
Total Assets 26.9731.1433.7330.6026.1224.5529.2832.5931.7136.62

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1.780.720.670.41-0.310.58-4.01-1.610.810.16
PBT 3.451.501.070.01-2.480.110.880.380.090.13
Adjustment 0.430.730.790.910.120.160.310.710.620.83
Changes in Working Capital -4.71-1.04-0.84-0.492.051.1-4.84-2.820.1-0.8
Tax Paid -0.95-0.47-0.35-0.020-0.79-0.360.1300
Cash Flow From Investing Activity + 0.03-0.667.59-0.032.61-10.53-0.83-0.290.01-0.71
Capex -0.05-0.79-0.39-0.110.05-0.03-0.89-0.34-0.06-0.79
Net Investments 0000000000
Others 0.080.137.970.082.57-10.500.060.050.070.08
Cash Flow From Financing Activity + 1.41-0.57-7.011.66-4.089.343.701.86-0.581.81
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 2.52-1.670.14-0.14-0.0400.64-0.180.06-0.08
Interest Paid -0.86-0.58-0.49-0.68-0.05-0.04-0.11-0.52-0.59-0.64
Dividend Paid 0000000000
Others -0.241.68-6.672.48-3.999.383.172.56-0.052.53
Net Cash Flow -0.33-0.511.252.05-1.78-0.61-1.14-0.030.231.25

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)30.4311.696.420.81-24.35-7.986.166.33.021.05
ROCE (%)24.5512.679.514.73-19.461.156.576.394.314.51
Asset Turnover Ratio32.772.792.531.792.052.872.982.222.16
PAT to CFO Conversion(x)-0.70.610.964.56N/AN/A-7.71-2.822.891.6
Working Capital Days
Receivable Days617171.8071.8094.6086.2060.1053.6067.7066.30
Inventory Days39.7040.4038.9043.6064.5060.5049.505576.3077.40
Payable Days15.8014.2021.4012.702.105.8067.409.1012.30

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Tamilnadu Steel Tubes Ltd FAQs

The current trading price of TN Steel & Tubes on 04-May-2026 16:59 is ₹20.58.

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 03-May-2026 the market cap of TN Steel & Tubes stood at ₹10.55 Cr

The latest P/E ratio of TN Steel & Tubes as of 03-May-2026 is 245.3.

The latest P/B ratio of TN Steel & Tubes as of 03-May-2026 is 1.10.

The 52-week high of TN Steel & Tubes is ₹45.71 and the 52-week low is ₹12.31.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TN Steel & Tubes is ₹86.54 ( Cr.) .

About Tamilnadu Steel Tubes Ltd

Tamilnadu Steel Tubes, a registered partnership firm, obtained a certificate of incorporation on July 13, 1979. All assets movable and immovable and rights, quotas, licenses, debts and all liabilities of parties in the said partnership became vested in Tamilnadu Steel Tubes Private Limited, as on the date of incorporation of aforesaid Private Company. The company has been promoted by Shri Indersain Goyal having over 36 years of experience as an Industrialist.

The company became deemed Public Limited Company under provision of section 43A of Companies Act 1956 with effect from April 1, 1982. The company was converted into a Public Limited Company on October 15, 1986.

Business area of the company

The company is engaged in manufacturing of GI Tubes, Pipes, Hardware Fittings, in India. The company currently manufactures ERW Steel Tubes/Pipes (both Black & Galvanished) and  ERW Precision tubes which are extensively used in water supply both for domestic and municipal usage; tubular structures, agriculture, automobile and transport industry.

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