Gandhi Special Tubes Ltd
Incorporated in 1959, Gandhi Special Tubes Ltd deals in manufacturing of Seamless and Welded Steel Tubes, Nuts and generation of Wind Power [1]
- Market Cap ₹ 917 Cr.
- Current Price ₹ 755
- High / Low ₹ 929 / 580
- Stock P/E 17.9
- Book Value ₹ 219
- Dividend Yield 1.98 %
- ROCE 27.5 %
- ROE 21.0 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 30.1%
Cons
* 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
84 | 92 | 91 | 98 | 114 | 123 | 81 | 114 | 137 | 167 | 171 | 173 | |
57 | 69 | 64 | 65 | 73 | 77 | 57 | 69 | 88 | 107 | 107 | 104 | |
Operating Profit | 26 | 23 | 27 | 33 | 41 | 46 | 24 | 45 | 49 | 61 | 64 | 68 |
OPM % | 31% | 25% | 30% | 34% | 36% | 37% | 30% | 39% | 36% | 36% | 38% | 40% |
8 | 4 | 3 | 10 | 8 | 8 | 6 | 6 | 5 | 5 | 12 | 12 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 |
Profit before tax | 29 | 23 | 25 | 38 | 45 | 50 | 26 | 48 | 50 | 63 | 73 | 77 |
Tax % | 41% | 31% | 26% | 19% | 26% | 22% | 18% | 24% | 24% | 25% | 24% | 24% |
17 | 16 | 19 | 31 | 34 | 39 | 21 | 36 | 39 | 47 | 56 | 59 | |
EPS in Rs | 11.78 | 10.75 | 12.62 | 20.96 | 24.29 | 27.96 | 16.54 | 27.98 | 31.74 | 38.96 | 45.74 | 48.28 |
Dividend Payout % | 64% | 70% | 59% | 43% | 37% | 32% | 54% | 32% | 32% | 31% | 28% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 16% |
3 Years: | 8% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 19% |
3 Years: | 13% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 31% |
3 Years: | 27% |
1 Year: | -5% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 23% |
3 Years: | 24% |
Last Year: | 21% |
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 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 150 | 153 | 158 | 180 | 170 | 194 | 140 | 165 | 141 | 176 | 217 | 260 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
15 | 14 | 15 | 18 | 20 | 20 | 15 | 20 | 19 | 20 | 20 | 20 | |
Total Liabilities | 172 | 174 | 180 | 206 | 197 | 221 | 162 | 192 | 166 | 202 | 243 | 286 |
64 | 63 | 59 | 55 | 51 | 51 | 48 | 45 | 47 | 44 | 43 | 43 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 64 | 65 | 82 | 104 | 99 | 120 | 69 | 94 | 73 | 85 | 132 | 170 |
45 | 46 | 40 | 46 | 47 | 50 | 44 | 53 | 47 | 73 | 68 | 73 | |
Total Assets | 172 | 174 | 180 | 206 | 197 | 221 | 162 | 192 | 166 | 202 | 243 | 286 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
14 | 15 | 29 | 21 | 32 | 31 | 19 | 32 | 42 | 45 | 26 | 47 | |
-4 | -1 | -14 | -5 | 13 | -17 | 56 | -20 | 22 | -7 | -37 | -30 | |
-10 | -13 | -13 | -16 | -44 | -15 | -76 | -12 | -64 | -12 | -15 | -16 | |
Net Cash Flow | -1 | 0 | 1 | 0 | 1 | -1 | -1 | 1 | -0 | 26 | -25 | 1 |
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 | 67 | 50 | 65 | 61 | 62 | 46 | 66 | 82 | 44 | 39 | 42 | 47 |
Inventory Days | 292 | 300 | 186 | 288 | 197 | 231 | 308 | 204 | 179 | 138 | 233 | 266 |
Days Payable | 24 | 13 | 10 | 10 | 16 | 15 | 12 | 17 | 10 | 9 | 9 | 11 |
Cash Conversion Cycle | 335 | 337 | 240 | 339 | 243 | 262 | 362 | 269 | 213 | 168 | 265 | 302 |
Working Capital Days | 156 | 152 | 120 | 139 | 107 | 113 | 168 | 122 | 92 | 72 | 115 | 124 |
ROCE % | 15% | 13% | 15% | 21% | 25% | 26% | 15% | 30% | 30% | 36% | 32% | 28% |
Documents
Announcements
- Reg. 34 (1) Annual Report. 18 Jul
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jul - Newspaper Advertisement confirming the dispatch of Notice of 40th Annual General Meeting and the Annual Report for Financial year 2024- 2025 .
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
16 Jul - Provided weblink for 40th AGM notice and FY 2024-25 Annual Report as per SEBI regulations.
- Notice Of 40Th Annual General Meeting To Be Held On Monday, 11 August 2025 16 Jul
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Reg. 34 (1) Annual Report.
16 Jul - Gandhi Special Tubes' 40th Annual Report shows stable growth, strong margins, and positive outlook for FY 2024-25.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
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Financial Year 2011
from nse
Business Overview:[1]
GSTL started as a project set up by The Gandhi Group in technical collaboration with a German based company BENTELER to substitute imports of small diameter welded and cold drawn seamless steel tubes in India. At present, company does manufacturing of seamless steel tubes and welded tubes coupling nuts