Shree Marutinandan Tubes Ltd
Incorporated in 2013, Shree Marutinandan
Tubes Ltd does trading of pipes, tubes,
and machineries[1]
- Market Cap ₹ 35.6 Cr.
- Current Price ₹ 103
- High / Low ₹ 235 / 61.5
- Stock P/E 12.5
- Book Value ₹ 63.4
- Dividend Yield 0.00 %
- ROCE 17.5 %
- ROE 13.9 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 61.6 to 42.6 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 29 | 36 | 47 | 47 | 92 | 114 | |
| 29 | 35 | 46 | 44 | 88 | 110 | |
| Operating Profit | -0 | 1 | 1 | 4 | 4 | 4 |
| OPM % | -0% | 2% | 2% | 7% | 4% | 3% |
| 1 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 3 | 4 | 4 |
| Tax % | 36% | 39% | 54% | 31% | 26% | 25% |
| 0 | 0 | 0 | 2 | 3 | 3 | |
| EPS in Rs | 4.88 | 6.34 | 2.93 | 90.24 | 7.60 | 8.09 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 34% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 95% |
| 3 Years: | 262% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 22% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.21 | 0.21 | 0.21 | 0.21 | 3 | 3 |
| Reserves | 0 | 0 | 0 | 3 | 16 | 18 |
| 4 | 8 | 6 | 7 | 6 | 8 | |
| 5 | 5 | 6 | 6 | 8 | 32 | |
| Total Liabilities | 10 | 13 | 13 | 16 | 33 | 61 |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 |
| 10 | 13 | 12 | 16 | 32 | 60 | |
| Total Assets | 10 | 13 | 13 | 16 | 33 | 61 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -3 | 3 | -0 | -7 | -4 | ||
| -0 | -0 | -0 | -0 | -1 | ||
| 3 | -2 | 0 | 9 | 3 | ||
| Net Cash Flow | -0 | 0 | -0 | 2 | -2 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 100 | 82 | 45 | 69 | 74 | 43 |
| Inventory Days | 19 | 16 | 36 | 54 | 31 | 87 |
| Days Payable | 60 | 45 | 43 | 44 | 27 | 104 |
| Cash Conversion Cycle | 59 | 53 | 37 | 79 | 78 | 26 |
| Working Capital Days | 22 | 35 | 20 | 35 | 63 | 65 |
| ROCE % | 14% | 10% | 40% | 24% | 17% |
Documents
Announcements
-
Annual General Meeting Scheduled To Be Held On Friday, September 26, 2025
4 Sep - Annual Report FY2024-25 and AGM on Sep 26, 2025; seek shareholder approval for RPTs projected ₹50 crore
- Reg. 34 (1) Annual Report. 4 Sep
-
Announcement under Regulation 30 (LODR)-Allotment
14 Aug - Allotment of 22.00 lakh warrants at Rs.103 each to non-promoter public category.
-
Announcement under Regulation 30 (LODR)-Allotment
12 Aug - Board approves preferential allotment of 25.57 lakh warrants at Rs.103 to promoters and public.
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
6 Aug - BSE grants in-principle approval for preferential issue of 47.57 lakh warrants at Rs.103 each.
Business Overview:[1]
SMTL is in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERWMS) Pipes (round pipes, square and rectangular hollow sections) in various specifications and sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. Company has independent sales and distribution networks for its products. A majority of its steel pipes are sold to wholesalers and distributors in the domestic markets. It generally procures Steel Pipes in large volumes to stock and facilitate on time delivery of products to their customers