Tamilnadu Steel Tubes Ltd

₹ 17.3 -4.88%

21 Aug - close price

About

Incorporated in 1979, Tamil Nadu Steel Tubes Ltd manufactures and sells Black Pipe (ERW Pipe) & G.I. Pipe^[1]

Key Points

Business Overview:^[1]
TNSTL is an ISI: 1239 / 1161 / 3601 / 492
and ISO 9001:2015 certified, one of South
India's oldest and largest manufacturer of
quality Mild Steel Tubes, offering a diverse range of over 250 products, including Black
and Galvanized tubes, available in Round, Square, and Rectangle for industries like Agriculture, Oil & Gas, Infrastructure, and Automotive, etc.

Website BSE

Market Cap ₹ 8.88 Cr.
Current Price ₹ 17.3
High / Low ₹ 23.4 / 12.3
Stock P/E 178
Book Value ₹ 18.5
Dividend Yield 0.00 %
ROCE 4.53 %
ROE 1.05 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Stock is trading at 0.93 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 7.75% over past five years.
Promoter holding is low: 13.6%
Company has a low return on equity of 2.51% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	25.42	22.78	20.84	23.03	18.96	19.13	14.49	18.92	20.95	16.45	16.11	20.35	25.09
	25.23	23.02	20.77	22.46	18.79	18.88	14.25	19.07	20.63	16.26	15.88	20.13	24.79
Operating Profit	0.19	-0.24	0.07	0.57	0.17	0.25	0.24	-0.15	0.32	0.19	0.23	0.22	0.30
OPM %	0.75%	-1.05%	0.34%	2.48%	0.90%	1.31%	1.66%	-0.79%	1.53%	1.16%	1.43%	1.08%	1.20%
	0.01	0.04	0.48	0.10	0.10	0.02	0.00	0.39	0.02	0.06	0.04	0.04	0.05
Interest	0.10	0.13	0.15	0.13	0.14	0.16	0.16	0.13	0.17	0.12	0.18	0.18	0.19
Depreciation	0.08	0.09	0.10	0.06	0.08	0.08	0.08	0.09	0.07	0.07	0.07	0.13	0.11
Profit before tax	0.02	-0.42	0.30	0.48	0.05	0.03	0.00	0.02	0.10	0.06	0.02	-0.05	0.05
Tax %	0.00%	-30.95%	0.00%	-12.50%	20.00%	-33.33%		-950.00%	0.00%	50.00%	0.00%	-20.00%	0.00%
	0.02	-0.29	0.30	0.54	0.04	0.03	0.00	0.21	0.10	0.03	0.02	-0.05	0.05
EPS in Rs	0.04	-0.57	0.59	1.05	0.08	0.06	0.00	0.41	0.20	0.06	0.04	-0.10	0.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	106.54	93.86	78.39	80.52	90.63	81.37	50.86	51.98	77.35	92.06	71.50	73.86	78.00
	103.32	89.85	74.51	77.97	88.76	80.45	53.22	51.87	76.17	91.47	70.97	72.92	77.06
Operating Profit	3.22	4.01	3.88	2.55	1.87	0.92	-2.36	0.11	1.18	0.59	0.53	0.94	0.94
OPM %	3.02%	4.27%	4.95%	3.17%	2.06%	1.13%	-4.64%	0.21%	1.53%	0.64%	0.74%	1.27%	1.21%
	2.58	3.21	0.69	0.14	0.03	0.11	0.26	0.36	0.07	0.64	0.49	0.17	0.19
Interest	1.46	1.03	0.86	0.58	0.49	0.68	0.05	0.04	0.11	0.52	0.59	0.64	0.67
Depreciation	0.27	0.30	0.26	0.30	0.34	0.33	0.33	0.32	0.25	0.33	0.34	0.34	0.38
Profit before tax	4.07	5.89	3.45	1.81	1.07	0.02	-2.48	0.11	0.89	0.38	0.09	0.13	0.08
Tax %	12.29%	18.34%	26.67%	34.81%	34.58%	-400.00%	-0.81%	718.18%	41.57%	-50.00%	-222.22%	23.08%
	3.56	4.80	2.53	1.18	0.70	0.09	-2.46	-0.68	0.52	0.57	0.28	0.10	0.05
EPS in Rs	6.95	9.37	4.94	2.30	1.37	0.18	-4.80	-1.33	1.01	1.11	0.55	0.20	0.10
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-2%
5 Years:	8%
3 Years:	-2%
TTM:	6%

Compounded Profit Growth
10 Years:	-27%
5 Years:	15%
3 Years:	-42%
TTM:	-85%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	20%
1 Year:	8%

Return on Equity
10 Years:	3%
5 Years:	1%
3 Years:	3%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5.12	5.12	5.12	5.12	5.12	5.12	5.12	5.12	5.12	5.12	5.12	5.12
Reserves	-2.61	1.92	4.45	5.43	6.13	6.22	3.75	3.07	3.59	4.13	4.36	4.38
	4.76	9.75	8.75	8.75	2.21	4.51	0.29	9.52	3.90	6.28	6.28	8.73
	26.30	12.12	8.65	11.85	20.27	14.75	16.97	6.83	16.67	17.06	16.08	18.50
Total Liabilities	33.57	28.91	26.97	31.15	33.73	30.60	26.13	24.54	29.28	32.59	31.84	36.73
	2.83	2.29	2.09	2.47	2.52	2.29	1.91	1.72	2.35	2.42	2.33	2.78
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	30.74	26.62	24.88	28.68	31.21	28.31	24.22	22.82	26.93	30.17	29.51	33.95
Total Assets	33.57	28.91	26.97	31.15	33.73	30.60	26.13	24.54	29.28	32.59	31.84	36.73

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2.88	-4.53	-1.78	0.72	0.67	0.41	-0.31	0.58	-4.01	-1.61	0.81	0.16
	-0.33	0.08	0.03	-0.66	7.59	-0.03	2.61	-10.53	-0.83	-0.29	0.01	-0.71
	-1.86	3.98	1.41	-0.57	-7.01	1.66	-4.08	9.34	3.70	1.86	-0.58	1.81
Net Cash Flow	0.69	-0.46	-0.33	-0.51	1.25	2.05	-1.78	-0.61	-1.14	-0.03	0.23	1.25

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	59.82	54.87	64.72	78.97	73.42	61.86	90.14	84.12	63.66	53.72	66.31	68.39
Inventory Days	39.96	44.91	48.81	50.49	48.09	50.52	73.05	74.65	68.58	70.73	87.67	93.99
Days Payable	45.31	21.28	5.10	23.51	21.98	0.86	2.82	8.70	6.41	9.44	5.77	17.82
Cash Conversion Cycle	54.47	78.50	108.42	105.95	99.53	111.52	160.37	150.08	125.83	115.01	148.21	144.57
Working Capital Days	-2.26	19.60	46.56	45.19	70.04	70.78	126.67	55.68	90.08	81.36	105.21	93.65
ROCE %	52.33%	31.84%	24.72%	12.81%	9.77%	4.84%	-19.43%	1.12%	6.53%	5.97%	3.13%	4.53%

Shareholding Pattern

Numbers in percentages

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%
	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%
	85.01%	85.01%	85.01%	85.01%	85.02%	85.02%	85.01%	85.02%	85.01%	85.01%	85.01%	85.01%
No. of Shareholders	13,892	13,874	13,865	13,848	13,812	13,794	13,761	13,738	13,702	13,669	13,644	13,624

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	17.45%	17.35%	14.90%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%	13.61%
	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%
	81.18%	81.27%	83.72%	85.01%	85.01%	85.01%	85.01%	85.01%	85.01%	85.01%
No. of Shareholders	14,175	14,094	14,027	14,028	13,992	13,935	13,865	13,761	13,644	13,624

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

All

Tamilnadu Steel Tubes Ltd

Tamilnadu Steel Tubes Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports