Tamilnadu Steel Tubes Ltd

T N Steel Tubes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tamilnadu Steel Tubes Ltd

₹ 24.2 4.98%
02 Jun - close price
tamilnadusteeltubesltd.com BSE: 513540
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 ₹ 12.4 Cr.
  • Current Price ₹ 24.2
  • High / Low ₹ 45.7 / 13.6
  • Stock P/E 207
  • Book Value ₹ 19.3
  • Dividend Yield 0.00 %
  • ROCE 5.25 %
  • ROE 0.62 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company's working capital requirements have reduced from 87.4 days to 63.2 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 13.6%
  • Company has a low return on equity of 0.88% over last 3 years.
  • Contingent liabilities of Rs.4.23 Cr.
  • Company might be capitalizing the interest cost

* 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

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
23.03 18.96 19.13 14.49 18.92 20.95 16.45 16.11 20.35 25.09 22.14 18.96 25.67
22.46 18.79 18.88 14.25 19.07 20.63 16.26 15.88 20.13 24.79 21.73 18.75 25.26
Operating Profit 0.57 0.17 0.25 0.24 -0.15 0.32 0.19 0.23 0.22 0.30 0.41 0.21 0.41
OPM % 2.48% 0.90% 1.31% 1.66% -0.79% 1.53% 1.16% 1.43% 1.08% 1.20% 1.85% 1.11% 1.60%
0.10 0.10 0.02 0.00 0.39 0.02 0.06 0.04 0.04 0.05 0.02 0.06 0.03
Interest 0.13 0.14 0.16 0.16 0.13 0.17 0.12 0.18 0.18 0.19 0.17 0.13 0.16
Depreciation 0.06 0.08 0.08 0.08 0.09 0.07 0.07 0.07 0.13 0.11 0.12 0.12 0.13
Profit before tax 0.48 0.05 0.03 0.00 0.02 0.10 0.06 0.02 -0.05 0.05 0.14 0.02 0.15
Tax % -12.50% 20.00% -33.33% -950.00% 0.00% 50.00% 0.00% -20.00% 0.00% 71.43% 100.00% 126.67%
0.54 0.04 0.03 0.00 0.21 0.10 0.03 0.02 -0.05 0.05 0.05 0.00 -0.04
EPS in Rs 1.05 0.08 0.06 0.00 0.41 0.20 0.06 0.04 -0.10 0.10 0.10 0.00 -0.08
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
93.86 78.39 80.52 90.63 81.37 50.86 51.98 77.35 92.06 71.50 73.86 91.86
89.85 74.51 77.97 88.76 80.45 53.22 51.87 76.17 91.47 70.97 72.92 90.53
Operating Profit 4.01 3.88 2.55 1.87 0.92 -2.36 0.11 1.18 0.59 0.53 0.94 1.33
OPM % 4.27% 4.95% 3.17% 2.06% 1.13% -4.64% 0.21% 1.53% 0.64% 0.74% 1.27% 1.45%
3.21 0.69 0.14 0.03 0.11 0.26 0.36 0.07 0.64 0.49 0.17 0.16
Interest 1.03 0.86 0.58 0.49 0.68 0.05 0.04 0.11 0.52 0.59 0.64 0.65
Depreciation 0.30 0.26 0.30 0.34 0.33 0.33 0.32 0.25 0.33 0.34 0.34 0.48
Profit before tax 5.89 3.45 1.81 1.07 0.02 -2.48 0.11 0.89 0.38 0.09 0.13 0.36
Tax % 18.34% 26.67% 34.81% 34.58% -400.00% -0.81% 718.18% 41.57% -50.00% -222.22% 23.08% 86.11%
4.80 2.53 1.18 0.70 0.09 -2.46 -0.68 0.52 0.57 0.28 0.10 0.06
EPS in Rs 9.37 4.94 2.30 1.37 0.18 -4.80 -1.33 1.01 1.11 0.55 0.20 0.12
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: 12%
3 Years: 0%
TTM: 24%
Compounded Profit Growth
10 Years: -31%
5 Years: 16%
3 Years: -51%
TTM: -40%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 37%
1 Year: 87%
Return on Equity
10 Years: 0%
5 Years: 3%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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 1.92 4.45 5.43 6.13 6.22 3.75 3.07 3.59 4.13 4.36 4.38 4.79
9.75 8.75 8.75 2.21 4.51 0.29 9.52 3.90 6.28 6.28 8.73 10.32
12.12 8.65 11.85 20.27 14.75 16.97 6.83 16.67 17.06 16.08 18.50 17.42
Total Liabilities 28.91 26.97 31.15 33.73 30.60 26.13 24.54 29.28 32.59 31.84 36.73 37.65
2.29 2.09 2.47 2.52 2.29 1.91 1.72 2.35 2.42 2.33 2.78 3.48
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
26.62 24.88 28.68 31.21 28.31 24.22 22.82 26.93 30.17 29.51 33.95 34.17
Total Assets 28.91 26.97 31.15 33.73 30.60 26.13 24.54 29.28 32.59 31.84 36.73 37.65

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-4.53 -1.78 0.72 0.67 0.41 -0.31 0.58 -4.01 -1.61 0.81 0.16 1.77
0.08 0.03 -0.66 7.59 -0.03 2.61 -10.53 -0.83 -0.29 0.01 -0.71 -0.84
3.98 1.41 -0.57 -7.01 1.66 -4.08 9.34 3.70 1.86 -0.58 1.81 0.58
Net Cash Flow -0.46 -0.33 -0.51 1.25 2.05 -1.78 -0.61 -1.14 -0.03 0.23 1.25 1.51
Free Cash Flow -4.45 -1.86 -0.08 -2.31 0.30 -0.27 0.44 -4.90 -1.95 0.76 -0.63 0.91
CFO/OP -88% -21% 47% 55% 47% 13% 1,245% -309% -295% 153% 17% 147%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 54.87 64.72 78.97 73.42 61.86 90.14 84.12 63.66 53.72 66.31 68.39 50.26
Inventory Days 44.91 48.81 50.49 48.09 50.52 73.05 74.65 68.58 70.73 87.67 100.20 72.64
Days Payable 21.28 5.10 23.51 21.98 0.86 2.82 8.70 6.41 9.44 5.77 18.99 8.39
Cash Conversion Cycle 78.50 108.42 105.95 99.53 111.52 160.37 150.08 125.83 115.01 148.21 149.60 114.52
Working Capital Days 19.60 46.56 45.19 70.04 70.78 126.67 55.68 90.08 81.36 105.21 93.70 63.18
ROCE % 31.84% 24.72% 12.81% 9.77% 4.84% -19.43% 1.12% 6.53% 5.97% 3.13% 4.53% 5.25%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Permanent Employees
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Production Volume - G.I. Pipes & Tubes
Metric Tonnes
Sales Volume - G.I. Pipes & Tubes
Metric Tonnes

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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% 85.02% 85.02% 85.01% 85.02% 85.01% 85.01% 85.01% 85.01% 85.01% 85.02% 85.01%
No. of Shareholders 13,84813,81213,79413,76113,73813,70213,66913,64413,62413,59413,53213,524

* 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.

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Documents

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