Tamilnadu Steel Tubes Ltd Stock Analysis
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...
Analysis of Financial Track Record
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.
Entity |
Percentage Holding |
Promoters |
13.61% |
Institutions |
1.38% |
Non-Institutions |
85.01% |
Data is not available for this company.
The 5-year analysis of Tamilnadu Steel Tubes Ltd's performance infers:
Tamilnadu Steel Tubes Ltd earnings have declined by -198.8%, whereas share price has depreciated -28.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.
We analysed the performance of Tamilnadu Steel Tubes Ltd share prices over the last 10 years. Here is what we found out:
Tamilnadu Steel Tubes Ltd share price has depreciated -15.2% annually over the past ten years.
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.
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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.