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Gandhi Special Tubes

GANDHITUBE NSE
₹891.90 −15.45 (−1.70%)
P/E
14.51
View as Markdown
MCP
Close 4 Nov 2026 ₹891.90 +62.95 +7.59% 1Y
Start ₹828.95

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
28.40%
Debt to Equity
0.00
EPS (TTM)
₹61.46
Book Value
₹279.61
Market Cap
—
P/E (TTM)
14.51
P/B
3.19
ROE
20.00%
Dividend Yield
1.65%
EBITDA
₹95.40 Cr
52W High
₹1,046.60
52W Low
₹681.05
Day Range
₹870.10 – ₹910.00
Volume
14,058

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Gandhi Special Tubes peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Gandhi Special Tubes (this company)
₹891.9014.51₹1,017 Cr3.191.65%20.00%28.40%₹201 Cr₹75 Cr
Median 8 companies₹1,061.6529.40₹16,390 Cr3.920.41%15.35%18.85%₹10,869 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

61 Good

Data confidence 98/100

Category scores

Quality
77
Strong
Returns, margins, earnings quality 22% weight
Valuation
78
Strong
Cheap vs sector & own history 24% weight
Growth
41
Weak
Sales & profit trajectory 9% weight
Financial Health
87
Strong
Solvency, leverage, coverage 9% weight
Momentum
42
Weak
Trend strength, vol-adjusted 12% weight
Ownership
32
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 28.7%

Weaknesses

2
  • Promoter holding has decreased over last quarter: -1.82%
  • The company has delivered a poor sales growth of 11.0% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
46.78
Neutral
MACD (12,26,9)
−14.23
Bullish
SMA (50)
916.32
Bearish
SMA (200)
860.43
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+7.75%
5Y+10.99%
3Y+4.76%
1Y+10.98%
TTM+11.11%

Net profit

Net profit growth by window
10Y+13.60%
5Y+13.56%
3Y+13.10%
1Y+15.25%
TTM+13.64%

Operating cash flow

Operating cash flow growth by window
10Y+6.61%
5Y+11.44%
3Y+6.92%
1Y+17.02%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+14.08 pp
5Y+4.28 pp
3Y+7.22 pp
1Y+4.44 pp
TTM+3.39 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹98.00 Cr
Mar 2018₹114 Cr
Mar 2019₹123 Cr
Mar 2020₹81.00 Cr
Mar 2021₹114 Cr
Mar 2022₹137 Cr
Mar 2023₹167 Cr
Mar 2024₹171 Cr
Mar 2025₹173 Cr
Mar 2026₹192 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹31.00 Cr
Mar 2018₹34.00 Cr
Mar 2019₹39.00 Cr
Mar 2020₹21.00 Cr
Mar 2021₹36.00 Cr
Mar 2022₹39.00 Cr
Mar 2023₹47.00 Cr
Mar 2024₹56.00 Cr
Mar 2025₹59.00 Cr
Mar 2026₹68.00 Cr

Quarterly Results

₹ Cr
GANDHITUBE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
46
44
41
39
41
49
40
43
48
48
48
47
57
58
Expenses
29
28
26
24
25
29
23
27
27
27
26
28
31
31
Operating Profit
17
16
16
16
16
20
17
16
21
21
22
19
27
27
OPM %
37%
36%
38%
40%
39%
41%
42%
37%
43%
44%
46%
41%
47%
46%
Other Income
4
3
3
3
3
4
2
2
8
3
5
−5
10
1
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
1
1
1
1
1
1
1
1
1
1
1
1
1
1
PBT
20
18
18
18
18
23
18
17
28
23
26
13
36
27
Tax %
23%
25%
25%
25%
22%
25%
15%
31%
23%
24%
25%
30%
23%
25%
Net Profit
16
13
13
13
14
17
15
12
22
18
20
9
28
20
EPS (₹)
12.98
10.9
10.87
10.99
11.78
14.2
12.48
9.83
17.78
14.56
16.21
7.7
22.99
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
GANDHITUBE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
92
91
98
114
123
81
114
137
167
171
173
192
201
Expenses
69
64
65
73
77
57
69
88
107
107
104
108
111
Operating Profit
23
27
33
41
46
24
45
49
61
64
68
84
89
OPM %
25%
30%
34%
36%
37%
30%
39%
36%
36%
38%
40%
44%
45%
Other Income
4
3
10
8
8
6
6
5
5
12
12
11
13
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
5
5
4
4
4
4
3
3
3
3
3
3
3
PBT
23
25
38
45
50
26
48
50
63
73
77
91
99
Tax %
31%
26%
19%
26%
22%
18%
24%
24%
25%
24%
24%
25%
—
Net Profit
16
19
31
34
39
21
36
39
47
56
59
68
75
EPS (₹)
10.75
12.62
20.96
24.29
27.96
16.54
27.98
31.74
38.96
45.74
48.28
56.25
61.46
Div. Payout %
70%
59%
43%
37%
32%
54%
32%
32%
31%
28%
31%
27%
—

Balance Sheet

₹ Cr
GANDHITUBE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
7
7
7
7
7
6
6
6
6
6
6
6
Reserves
153
158
180
170
194
140
165
141
176
217
260
310
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
14
15
18
20
20
15
20
19
20
20
20
24
Total Liabilities
174
180
206
197
221
162
192
166
202
243
286
340
Fixed Assets
63
59
55
51
51
48
45
47
44
43
43
42
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
65
82
104
99
120
69
94
73
85
132
170
213
Other Assets
46
40
46
47
50
44
53
47
73
68
73
85
Total Assets
174
180
206
197
221
162
192
166
202
243
286
340

Cash Flow

₹ Cr
GANDHITUBE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
15
29
21
32
31
19
32
42
45
26
47
55
Investing
−1
−14
−5
13
−17
56
−20
22
−7
−37
−30
−34
Financing
−13
−13
−16
−44
−15
−76
−12
−64
−12
−15
−16
−18
Net Cash Flow
0
1
0
1
−1
−1
1
0
26
−25
1
3
Free Cash Flow
11
28
20
32
27
18
31
38
44
25
43
53
CFO/OP
95
134
81
109
91
107
97
110
100
66
96
93

Ratios

GANDHITUBE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
50
65
61
62
46
66
82
44
39
42
47
39
Inventory Days
300
186
288
197
231
308
204
179
138
233
266
313
Days Payable
13
10
10
16
15
12
17
10
9
9
11
10
Cash Conversion Cycle
337
240
339
243
262
362
269
213
168
265
302
341
Working Capital Days
152
120
139
107
113
168
122
92
72
115
120
120
ROCE %
13%
15%
21%
25%
26%
15%
30%
30%
36%
32%
28%
28%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Gandhi Special Tubes insights

61 extracted metrics across FY03–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 71.70%
  • Public 20.17%
  • Others 6.90%
  • FIIs 1.21%
  • DIIs 0.02%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Gandhi Special Tubes

What does Gandhi Special Tubes Ltd do?
Incorporated in 1959, Gandhi Special Tubes Ltd deals in manufacturing of Seamless and Welded Steel Tubes, Nuts and generation of Wind Power
Where is Gandhi Special Tubes Ltd (GANDHITUBE) listed?
Gandhi Special Tubes Ltd trades as GANDHITUBE on the NSE and under code 513108 on the BSE.
Which sector does Gandhi Special Tubes Ltd belong to?
Gandhi Special Tubes Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Gandhi Special Tubes Ltd?
Gandhi Special Tubes Ltd trades at a PE ratio of 14.51 as of 4 Nov 2026, on earnings per share of ₹61.46, against a book value of ₹279.61 per share.
What is the 52-week high and low of Gandhi Special Tubes Ltd?
Over the last 52 weeks Gandhi Special Tubes Ltd has traded between ₹681.05 and ₹1,046.6 as of 4 Nov 2026.
Does Gandhi Special Tubes Ltd pay dividends?
Gandhi Special Tubes Ltd has a dividend yield of 1.65%.
What is the Return on Equity (ROE) of Gandhi Special Tubes Ltd?
Gandhi Special Tubes Ltd reported a return on equity of 20.00%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1959, Gandhi Special Tubes Ltd deals in manufacturing of Seamless and Welded Steel Tubes, Nuts and generation of Wind Power

Website gandhitubes.com
CEO Mr. Manharlal Gordhandas Gandhi
Employees 385
Listed 3 Jan 2002
Face Value ₹5

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