Shree Marutinandan Tubes Ltd - Stock Valuation and Financial Performance

Shree Marutinandan Tubes was originally incorporated as Private Limited, under the Companies Act, 1956 (Companies Act) in the name and style of ‘Shree Marutinandan Tubes Private Limited’ on March 12, 2013 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Ahmedabad, Gujarat. Later on, company was converted into public limited company, the name of the Company has changed to ‘Shree Marutinandan Tubes Limited’ and for the same fresh Certificate of Incorporation dated June 22, 2023 was issued by the Registrar of Companies, Ahmedabad, Gujarat.

The company is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round pipes, square and rectangular hollow sections) in various specifications, sizes ranging from 15 NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. Its products have wide application in varied industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.

It has independent sales and distribution networks for its products. A substantial majority of its steel pipes are sold to wholesalers & Distributors in the domestic markets. It procures Steel Pipes from the best manufacturers in steel pipes at domestic level. It has a procurement policy and generally purchase in large volumes in order to stock and facilitate on time delivery of products to its end customers. The company is a well-established Company that has made a significant mark in the trading of steel tubes and pipes. However, from FY 2023, it has taken a strategic step of forward integration to expand its business horizons and diversify its offerings. To achieve this, it has decided to accord with its group company, Shree Kamdhenu Machinery, for the contract manufacturing of agricultural equipment. This move enables it to provide a broader range of products to its clients, catering to the growing demand for agricultural machinery and equipment in the market.

Business area of the company

The company is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round, square and rectangular hollow sections) Black Pipes and Solar Structural Pipes in various specifications, sizes ranging from 15NB to 500 NB. 

Products of the company

• Galvanized pipes
• Black pipe
• MS ERW pipe
• Solar structural pipe

History and milestones 

• 2013: Incorporation of the company viz. ‘Shree Marutinandan Tubes Private Limited’.
• 2023: Conversion of the company’s status from Private Limited to Limited Company.