Gandhi Special Tubes Ltd

Gandhi Special Tubes Ltd

₹ 806 1.79%
14 Jun - close price
About

Incorporated in 1959, Gandhi Special Tubes Ltd deals in manufacturing of Seamless and Welded Steel Tubes, Nuts and generation of Wind Power [1]

Key Points

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

  • Market Cap 979 Cr.
  • Current Price 806
  • High / Low 935 / 559
  • Stock P/E 17.6
  • Book Value 183
  • Dividend Yield 1.49 %
  • ROCE 36.2 %
  • ROE 27.5 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
  • Company has been maintaining a healthy dividend payout of 30.3%

Cons

  • The company has delivered a poor sales growth of 6.81% over past five years.

* 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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
40 33 37 35 32 44 52 37 35 46 44 41 39
24 20 23 24 21 27 33 25 22 29 28 26 24
Operating Profit 16 13 14 11 11 17 19 12 13 17 16 16 16
OPM % 41% 41% 37% 32% 33% 38% 37% 32% 37% 37% 36% 38% 40%
1 2 2 1 1 0 2 2 2 4 3 3 3
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 17 14 15 11 10 16 20 13 14 20 18 18 18
Tax % 25% 23% 26% 26% 19% 25% 25% 25% 24% 23% 25% 25% 25%
13 11 11 8 8 12 15 10 10 16 13 13 13
EPS in Rs 9.92 8.57 8.41 6.76 6.92 9.84 12.64 7.87 8.61 12.98 10.90 10.87 10.99
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
96 84 92 91 98 114 123 81 114 137 167 171
63 57 69 64 65 73 77 57 69 88 107 107
Operating Profit 32 26 23 27 33 41 46 24 45 49 61 64
OPM % 34% 31% 25% 30% 34% 36% 37% 30% 39% 36% 36% 38%
3 8 4 3 10 8 8 6 6 5 5 12
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 4 5 5 5 4 4 4 4 3 3 3 3
Profit before tax 31 29 23 25 38 45 50 26 48 50 63 73
Tax % 28% 41% 31% 26% 19% 26% 22% 18% 24% 24% 25% 24%
22 17 16 19 31 34 39 21 36 39 47 56
EPS in Rs 15.01 11.78 10.75 12.62 20.96 24.29 27.96 16.54 27.98 31.74 38.96 45.74
Dividend Payout % 40% 64% 70% 59% 43% 37% 32% 54% 32% 32% 31% 28%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 15%
TTM: 2%
Compounded Profit Growth
10 Years: 16%
5 Years: 8%
3 Years: 16%
TTM: 25%
Stock Price CAGR
10 Years: 17%
5 Years: 15%
3 Years: 26%
1 Year: 36%
Return on Equity
10 Years: 19%
5 Years: 22%
3 Years: 26%
Last Year: 27%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 7 7 7 7 7 6 6 6 6 6
Reserves 143 150 153 158 180 170 194 140 165 141 176 217
0 0 0 0 0 0 0 0 0 0 0 0
13 15 14 15 18 20 20 15 20 19 20 20
Total Liabilities 164 172 174 180 206 197 221 162 192 166 202 243
52 64 63 59 55 51 51 48 45 47 44 43
CWIP 4 0 0 0 0 0 0 0 0 0 0 0
Investments 61 64 65 82 104 99 120 69 94 73 85 132
47 45 46 40 46 47 50 44 53 47 73 68
Total Assets 164 172 174 180 206 197 221 162 192 166 202 243

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27 14 15 29 21 32 31 19 32 42 45 26
-18 -4 -1 -14 -5 13 -17 56 -20 22 -7 -37
-10 -10 -13 -13 -16 -44 -15 -76 -12 -64 -12 -15
Net Cash Flow -1 -1 0 1 0 1 -1 -1 1 -0 26 -25

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 57 67 50 65 61 62 46 66 82 44 39 42
Inventory Days 234 292 300 186 288 197 231 308 204 179 138 233
Days Payable 17 24 13 10 10 16 15 12 17 10 9 9
Cash Conversion Cycle 273 335 337 240 339 243 262 362 269 213 168 265
Working Capital Days 120 156 152 120 139 107 113 168 122 92 72 123
ROCE % 21% 15% 13% 15% 21% 25% 26% 15% 30% 30% 36%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.39% 72.99% 73.37% 73.53% 73.53% 73.52% 73.52% 73.52% 73.52% 73.52% 73.52% 73.52%
0.01% 0.16% 0.19% 0.19% 0.19% 0.22% 0.28% 1.28% 1.49% 1.49% 1.49% 1.43%
0.01% 0.01% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.60% 26.84% 26.42% 26.27% 26.27% 26.26% 26.19% 25.20% 24.98% 24.99% 24.99% 25.05%
No. of Shareholders 11,19413,00910,28510,1509,9259,5729,6519,0199,45210,35411,10911,479

* 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.

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