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 ₹ 1,047 Cr.
- Current Price ₹ 862
- High / Low ₹ 935 / 504
- Stock P/E 19.9
- Book Value ₹ 162
- Dividend Yield 1.39 %
- ROCE 36.0 %
- ROE 27.0 %
- Face Value ₹ 5.00
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
Quarterly Results
Figures in Rs. Crores
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 | 166 | |
67 | 63 | 57 | 69 | 64 | 65 | 73 | 77 | 57 | 69 | 88 | 107 | 105 | |
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% | 37% |
6 | 3 | 8 | 4 | 3 | 10 | 8 | 8 | 6 | 6 | 5 | 5 | 11 | |
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 | 69 |
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 | 53 | |
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 | 43.36 |
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: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 28% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 20% |
3 Years: | 44% |
1 Year: | 66% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 6 | 6 |
Reserves | 131 | 143 | 150 | 153 | 158 | 180 | 170 | 194 | 140 | 165 | 141 | 176 | 191 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
12 | 13 | 15 | 14 | 15 | 18 | 20 | 20 | 15 | 20 | 19 | 20 | 21 | |
Total Liabilities | 151 | 164 | 172 | 174 | 180 | 206 | 197 | 221 | 162 | 192 | 166 | 202 | 218 |
36 | 52 | 64 | 63 | 59 | 55 | 51 | 51 | 48 | 45 | 47 | 44 | 44 | |
CWIP | 1 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 68 | 61 | 64 | 65 | 82 | 104 | 99 | 120 | 69 | 94 | 73 | 85 | 90 |
47 | 47 | 45 | 46 | 40 | 46 | 47 | 50 | 44 | 53 | 47 | 73 | 85 | |
Total Assets | 151 | 164 | 172 | 174 | 180 | 206 | 197 | 221 | 162 | 192 | 166 | 202 | 218 |
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% |
Documents
Announcements
- Appointment Of Mr. Viral Doshi ( DIN: 10419947) As An Independent Director Of The Company And Appointment Of Mr. Hemal Shah ( DIN: 10423683) As An Independent Director Of The Company 16 Apr
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 16 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 16 Apr
- Compliance- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended On 31 March 2024 15 Apr
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Compliance Certificate For The Year Ended 31 March 2024
5 Apr - Revised certificate dated 5 April 2024 duly signed by Compliance Officer and Representative of Share Transfer Agent under Regulation 7(3) of SEBI (LODR), Regulations 2015 …
Annual reports
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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
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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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