Gandhi Special Tubes Ltd

Gandhi Spl. Tube Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gandhi Special Tubes Ltd

₹ 682 0.19%
25 Sep - close price
gandhitubes.com BSE: 513108 NSE : GANDHITUBE
About

Gandhi Special Tubes is engaged in manufacturing and marketing of welded and seamless steel tubes of different sizes and specifications and Cold Formed Coupling Nuts. These products are mainly supplied to the Original Equipment Manufacturers (OEMs) of the automotive sector, Farm Equipment manufacturers, Construction equipment manufacturers and other Engineering Industries. It is also operating in the Power Sector through Windmills installed in Maharashtra and Gujarat in a modest way. [1]

Key Points

History
GANDHI Group was founded in 1959 and has been manufacturing automobile components for the last six decades. Gandhi Special Tubes Ltd. was a project set up by Gandhi Group in technical collaboration with a German based company BENTELER a leading, global enterprise that develops, manufactures and delivers metal-based products, systems and services for the automotive, energy and engineering sector. Gandhi Special Tubes started commercial production in April 1988. [1]

Website BSE NSE
  • Market Cap ₹ 829 Cr.
  • Current Price ₹ 682
  • High / Low ₹ 769 / 411
  • Stock P/E 16.2
  • Book Value ₹ 150
  • Dividend Yield 1.76 %
  • ROCE 36.0 %
  • ROE 27.0 %
  • Face Value ₹ 5.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 31.5%
  • Debtor days have improved from 55.1 to 39.0 days.
  • Company's working capital requirements have reduced from 95.1 days to 72.0 days

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

Sector: Steel Industry: Steel - Medium / Small

Edit Columns
Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
11 26 36 40 33 37 35 32 44 52 37 35 46
9 15 21 24 20 23 24 21 27 33 25 22 29
Operating Profit 3 10 15 16 13 14 11 11 17 19 12 13 17
OPM % 23% 40% 42% 41% 41% 37% 32% 33% 38% 37% 32% 37% 37%
2 2 1 1 2 2 1 1 0 2 2 2 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 3 11 16 17 14 15 11 10 16 20 13 14 20
Tax % 9% 26% 25% 25% 23% 26% 26% 19% 25% 25% 25% 24% 23%
3 8 12 13 11 11 8 8 12 15 10 10 16
EPS in Rs 2.43 6.30 9.34 9.92 8.57 8.41 6.76 6.92 9.84 12.64 7.87 8.61 12.98
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
107 96 84 92 91 98 114 123 81 114 137 167 170
67 63 57 69 64 65 73 77 57 69 88 107 109
Operating Profit 40 32 26 23 27 33 41 46 24 45 49 61 61
OPM % 38% 34% 31% 25% 30% 34% 36% 37% 30% 39% 36% 36% 36%
6 3 8 4 3 10 8 8 6 6 5 5 9
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 4 5 5 5 4 4 4 4 3 3 3 3
Profit before tax 42 31 29 23 25 38 45 50 26 48 50 63 67
Tax % 28% 28% 41% 31% 26% 19% 26% 22% 18% 24% 24% 25%
30 22 17 16 19 31 34 39 21 36 39 47 51
EPS in Rs 20.29 15.01 11.78 10.75 12.62 20.96 24.29 27.96 16.54 27.98 31.74 38.96 42.10
Dividend Payout % 30% 40% 64% 70% 59% 43% 37% 32% 54% 32% 32% 31%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 27%
TTM: 15%
Compounded Profit Growth
10 Years: 7%
5 Years: 6%
3 Years: 28%
TTM: 30%
Stock Price CAGR
10 Years: 18%
5 Years: 13%
3 Years: 51%
1 Year: 61%
Return on Equity
10 Years: 17%
5 Years: 21%
3 Years: 24%
Last Year: 27%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 7 7 7 7 7 7 7 6 6 6 6
Reserves 131 143 150 153 158 180 170 194 140 165 141 176
0 0 0 0 0 0 0 0 0 0 0 0
12 13 15 14 15 18 20 20 15 20 19 20
Total Liabilities 151 164 172 174 180 206 197 221 162 192 166 202
36 52 64 63 59 55 51 51 48 45 47 44
CWIP 1 4 0 0 0 0 0 0 0 0 0 0
Investments 68 61 64 65 82 104 99 120 69 94 73 85
47 47 45 46 40 46 47 50 44 53 47 73
Total Assets 151 164 172 174 180 206 197 221 162 192 166 202

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
27 27 14 15 29 21 32 31 19 32 42 45
-15 -18 -4 -1 -14 -5 13 -17 56 -20 22 -7
-10 -10 -10 -13 -13 -16 -44 -15 -76 -12 -64 -12
Net Cash Flow 2 -1 -1 0 1 0 1 -1 -1 1 -0 26

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 56 57 67 50 65 61 62 46 66 82 44 39
Inventory Days 221 234 292 300 186 288 197 231 308 204 179 138
Days Payable 20 17 24 13 10 10 16 15 12 17 10 9
Cash Conversion Cycle 257 273 335 337 240 339 243 262 362 269 213 168
Working Capital Days 117 120 156 152 120 139 107 113 168 122 92 72
ROCE % 31% 21% 15% 13% 15% 21% 25% 26% 15% 30% 30% 36%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
73.39% 73.39% 73.39% 73.39% 72.99% 73.37% 73.53% 73.53% 73.52% 73.52% 73.52% 73.52%
1.26% 1.26% 0.70% 0.01% 0.16% 0.19% 0.19% 0.19% 0.22% 0.28% 1.28% 1.49%
0.01% 0.01% 0.00% 0.01% 0.01% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00%
25.34% 25.34% 25.91% 26.60% 26.84% 26.42% 26.27% 26.27% 26.26% 26.19% 25.20% 24.98%
No. of Shareholders 7,8007,7578,17211,19413,00910,28510,1509,9259,5729,6519,0199,452

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings