Surani Steel Tubes Ltd

Surani Steel Tub Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Surani Steel Tubes Ltd

₹ 64.6 -1.75%
12 Dec - close price
suranisteel.com NSE - SME: SURANI
About

Incorporated in 2012, Surani Steels Tubes Ltd does manufacturing and supplying of Mild Steel Pipes, Mild Steel Hollow Section, Mild Steel Coils, etc.[1]

Key Points

Product Profile:[1]
a) ERW Mild Steel Pipes:
ERW Black Steel Pipes, ERW Steel Pipes, Mild Steel ERW Pipes, Electric Resistance Welded Pipe
b) Mild Steel Tubes:
Mild Steel Square Tubes, MS Rectangular Tubes, Mild Steel Round Tubes
c) Mild Steel Coils:
Hot Rolled MS Coils, Mild Steel Coils, Mild Steel Coil
d) Mild Steel Pipes:
MS Structural Pipes, Mild Steel Seamless Pipe, Mild Steel Square Pipe, Mild Steel Round Pipes
e) ERW Mild Steel Tubes:
Electric Resistance Welded Tubes, ERW Round Steel Tubes, ERW MS Tubes
f) Mild Steel Hollow Section:
Mild Steel Square Hollow Section, Mild Steel Rectangular Hollow Section

Website NSE - SM
  • Market Cap ₹ 101 Cr.
  • Current Price ₹ 64.6
  • High / Low ₹ 211 / 59.4
  • Stock P/E 33.7
  • Book Value ₹ 79.7
  • Dividend Yield 0.00 %
  • ROCE 1.91 %
  • ROE 1.12 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.81 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 30.8%
  • Company has a low return on equity of -0.12% over last 3 years.
  • Earnings include an other income of Rs.2.68 Cr.
  • Debtor days have increased from 28.8 to 44.1 days.
  • Promoter holding has decreased over last 3 years: -3.13%
  • Working capital days have increased from 99.1 days to 142 days

* 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

Edit Columns
Loading peers table ...

Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
51 47 43 64 70 67 59 65 65 91 111 114 51
54 45 42 58 67 65 63 61 66 89 110 114 52
Operating Profit -3 2 1 6 3 1 -4 4 -1 2 1 1 -1
OPM % -6% 4% 2% 10% 5% 2% -6% 6% -2% 2% 1% 0% -1%
0 0 0 0 0 0 0 0 0 0 1 -1 4
Interest 1 1 1 1 1 1 1 1 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 0 0 0 0 0 0
Profit before tax -5 0 -1 5 2 0 -5 3 -1 2 1 -1 3
Tax % 9% -106% 13% 2% 1% 50% -2% 12% 9% 0% 11% -40% 21%
-5 0 -1 4 2 0 -5 3 -1 2 1 -1 2
EPS in Rs -6.40 0.42 -0.72 5.43 2.22 0.02 -5.67 3.51 -1.45 1.68 0.94 -0.44 1.36
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
36 58 68 77 101 93 98 107 137 124 155 225 165
34 56 65 73 97 92 99 99 132 123 155 224 165
Operating Profit 1 2 3 4 4 1 -2 7 5 0 0 1 -0
OPM % 4% 3% 5% 5% 4% 1% -2% 7% 3% 0% 0% 1% -0%
0 0 0 0 0 0 0 0 0 0 1 -0 3
Interest 1 1 1 1 1 1 2 2 2 1 0 0 0
Depreciation 0 0 1 0 0 0 1 1 1 1 0 1 1
Profit before tax 0 0 1 2 3 -0 -5 4 2 -2 1 0 2
Tax % 100% 37% 3% 43% 36% 18% 6% 3% 2% 20% 18% -200%
0 0 1 1 2 -0 -5 4 2 -2 0 0 1
EPS in Rs 0.00 0.64 5.72 4.00 3.03 -0.17 -5.99 4.70 2.23 -2.16 0.47 0.32 0.92
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 18%
3 Years: 18%
TTM: -18%
Compounded Profit Growth
10 Years: 22%
5 Years: 17%
3 Years: -14%
TTM: 1%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 50%
1 Year: -69%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 0%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 2 2 2 2 6 8 8 8 8 8 11 16 16
Reserves -0 0 2 2 5 16 11 14 16 14 78 106 108
11 10 12 13 15 17 20 18 15 11 42 35 0
2 3 7 10 9 4 9 5 12 7 4 1 1
Total Liabilities 16 16 23 28 36 45 48 45 51 41 134 157 125
5 5 5 5 4 4 15 13 12 5 10 12 12
CWIP 0 0 0 2 6 11 0 0 0 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 18 19
10 11 18 21 25 30 33 32 39 37 124 128 94
Total Assets 16 16 23 28 36 45 48 45 51 41 134 157 125

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2 -0 2 -1 -8 -0 2 5 -2 -57 9
-0 -1 -2 -4 -5 -1 -0 0 7 -5 -67
-2 0 -0 5 13 1 -2 -5 -5 96 25
Net Cash Flow 0 -0 -0 -0 0 0 -0 -0 0 34 -32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 43 30 30 38 22 24 22 24 13 39 3 44
Inventory Days 57 35 63 60 66 82 88 83 77 53 154 53
Days Payable 19 14 32 44 30 14 31 12 17 17 6 1
Cash Conversion Cycle 82 51 61 54 58 93 79 95 72 76 151 96
Working Capital Days 31 18 23 15 13 48 26 40 34 52 103 142
ROCE % 12% 12% 19% 18% 17% 2% -7% 15% 9% -1% 1% 2%

Shareholding Pattern

Numbers in percentages

Mar 2022Sep 2022Mar 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
33.97% 33.97% 33.97% 53.75% 51.72% 44.93% 39.02% 38.40% 31.02% 30.84% 30.84% 30.84%
66.03% 66.03% 66.03% 46.25% 48.28% 55.07% 60.98% 61.60% 68.98% 69.16% 69.16% 69.16%
No. of Shareholders 3873943642583215871,0981,2081,2801,2431,2391,230

Documents

Announcements

Annual reports

Concalls

  • Nov 2023
    Transcript
    AI Summary
    PPT