Shree Marutinandan Tubes Ltd
Incorporated in 2013, Shree Marutinandan
Tubes Ltd does trading of pipes, tubes,
and machineries[1]
- Market Cap ₹ 27.0 Cr.
- Current Price ₹ 78.0
- High / Low ₹ 160 / 61.5
- Stock P/E 8.49
- Book Value ₹ 102
- Dividend Yield 0.00 %
- ROCE 17.5 %
- ROE 13.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.77 times its book value
- 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 29 | 36 | 47 | 47 | 92 | 114 | 137 | |
| 29 | 35 | 46 | 44 | 88 | 110 | 133 | |
| Operating Profit | -0 | 1 | 1 | 4 | 4 | 4 | 4 |
| OPM % | -0% | 2% | 2% | 7% | 4% | 3% | 3% |
| 1 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 3 | 4 | 4 | 4 |
| Tax % | 36% | 39% | 54% | 31% | 26% | 25% | |
| 0 | 0 | 0 | 2 | 3 | 3 | 3 | |
| EPS in Rs | 4.88 | 6.34 | 2.93 | 90.24 | 7.60 | 8.09 | 9.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 34% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 95% |
| 3 Years: | 262% |
| TTM: | 70% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -50% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.21 | 0.21 | 0.21 | 0.21 | 3 | 3 | 3 |
| Reserves | 0 | 0 | 0 | 3 | 16 | 18 | 32 |
| 4 | 8 | 6 | 7 | 6 | 8 | 7 | |
| 5 | 5 | 6 | 6 | 8 | 32 | 13 | |
| Total Liabilities | 10 | 13 | 13 | 16 | 33 | 61 | 56 |
| 0 | 0 | 0 | 0 | 0 | 1 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 | 13 | 12 | 16 | 32 | 60 | 48 | |
| Total Assets | 10 | 13 | 13 | 16 | 33 | 61 | 56 |
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
-
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
16 Jan - Registered office shifted within Ahmedabad effective 16 Jan 2026 to B-902 Swati Trinity Applewood.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jan
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015
17 Dec 2025 - Won INR 15.56 lakh order to supply fire detection items at Vindhyachal, MP; 90-day project.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
12 Dec 2025 - 12 Dec 2025: Two independent directors appointed (subject to approvals); two independent directors resigned effective same date.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
12 Dec 2025 - Two independent directors appointed (Kavita Khatri, Manish Pancholy); two resigned; effective 12 Dec 2025.
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