Tamilnadu Steel Tubes Ltd
Incorporated in 1979, Tamil Nadu Steel Tubes Ltd manufactures and sells Black Pipe (ERW Pipe) & G.I. Pipe[1]
- Market Cap ₹ 9.22 Cr.
- Current Price ₹ 18.0
- High / Low ₹ 22.8 / 12.3
- Stock P/E 92.2
- Book Value ₹ 18.5
- Dividend Yield 0.00 %
- ROCE 4.53 %
- ROE 1.05 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.92 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
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
106.54 | 93.86 | 78.39 | 80.52 | 90.63 | 81.37 | 50.86 | 51.98 | 77.35 | 92.06 | 71.50 | 73.86 | |
103.32 | 89.85 | 74.51 | 77.97 | 88.76 | 80.45 | 53.22 | 51.87 | 76.17 | 91.47 | 70.97 | 72.92 | |
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 |
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% |
2.58 | 3.21 | 0.69 | 0.14 | 0.03 | 0.11 | 0.26 | 0.36 | 0.07 | 0.64 | 0.49 | 0.17 | |
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 |
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 |
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 |
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 | |
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 |
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: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | -27% |
5 Years: | 15% |
3 Years: | -42% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 26% |
1 Year: | 1% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
1 Aug - CFO H Vinodh Kumar resigns due to health and family reasons, relieved on 31.07.2025.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
1 Aug - CFO Mr. H Vinodh Kumar resigns due to health and family reasons, relieved on 31.07.2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Compliance certificate for share dematerialization for quarter ended June 30, 2025.
- Closure of Trading Window 27 Jun
-
Integrated Filing (Financial)
27 May - Audited FY25 financial results approved; marginal profit; unqualified audit report; routine disclosure.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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.