Surani Steel Tubes Ltd
Incorporated in 2012, Surani Steels Tubes Ltd does manufacturing and supplying of Mild Steel Pipes, Mild Steel Hollow Section, Mild Steel Coils, etc.[1]
- Market Cap ₹ 77.6 Cr.
- Current Price ₹ 49.9
- High / Low ₹ 139 / 47.3
- Stock P/E 26.0
- Book Value ₹ 79.7
- Dividend Yield 0.00 %
- ROCE 1.91 %
- ROE 1.12 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.60 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 30.8%
- Earnings include an other income of Rs.2.68 Cr.
- Debtor days have increased from 23.6 to 44.1 days.
- Promoter holding has decreased over last 3 years: -3.13%
* 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 155 | 225 | 165 | |
| 155 | 224 | 165 | |
| Operating Profit | 0 | 1 | -0 |
| OPM % | 0% | 1% | -0% |
| 1 | -0 | 3 | |
| Interest | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 |
| Profit before tax | 1 | 0 | 2 |
| Tax % | 18% | -200% | |
| 0 | 0 | 1 | |
| EPS in Rs | 0.47 | 0.32 | 0.92 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 10% |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 11 | 16 | 16 |
| Reserves | 78 | 106 | 108 |
| 42 | 35 | 0 | |
| 4 | 1 | 1 | |
| Total Liabilities | 134 | 157 | 125 |
| 10 | 12 | 12 | |
| CWIP | 0 | 0 | 1 |
| Investments | 0 | 17 | 19 |
| 124 | 128 | 94 | |
| Total Assets | 134 | 157 | 125 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -57 | 9 | |
| -5 | -66 | |
| 96 | 25 | |
| Net Cash Flow | 34 | -32 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 3 | 44 |
| Inventory Days | 154 | 53 |
| Days Payable | 6 | 1 |
| Cash Conversion Cycle | 151 | 96 |
| Working Capital Days | 103 | 142 |
| ROCE % | 2% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2027 | |
|---|---|---|---|---|---|---|---|
| Installed Production Capacity MTPA |
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| Number of Permanent Employees Count ・Standalone data |
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| Net Working Capital Cycle Days |
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| Raw Material Consumption as % of Revenue % |
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| Number of SKUs Count ・Standalone data |
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| Sales Volume MT |
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Documents
Announcements
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Reply to Clarification- Financial results
1 March 2026 - Surani clarifies SSTUK Ltd hasn't commenced operations; consolidated and standalone figures similar for H1 Sep 30, 2025.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 January 2026 - RTA certificate under Reg 74(5) confirming dematerialisation for quarter ended 31-Dec-2025 for Surani Steel Tubes.
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Clarification - Financial Results
7 January 2026 - Exchange has sought clarification from Surani Steel Tubes Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
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Appointment
7 January 2026 - Ankit Singla resigned effective Jan 6, 2026; Sarika Kaur appointed Company Secretary effective Jan 7, 2026.
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Outcome of Board Meeting
7 January 2026 - Ankit Singla resigned as Company Secretary effective Jan 6, 2026; Sarika Kaur appointed effective Jan 7, 2026.
Annual reports
Concalls
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Nov 2023TranscriptAI SummaryPPT
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