Shree Marutinandan Tubes Ltd
Incorporated in 2013, Shree Marutinandan
Tubes Ltd does trading of pipes, tubes,
and machineries[1]
- Market Cap ₹ 20.8 Cr.
- Current Price ₹ 60.0
- High / Low ₹ 139 / 40.0
- Stock P/E 6.53
- Book Value ₹ 102
- Dividend Yield 0.00 %
- ROCE 17.5 %
- ROE 13.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.59 times its book value
- Debtor days have improved from 61.6 to 42.6 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 29 | 36 | 47 | 47 | 92 | 114 | 137 | |
| 29 | 35 | 46 | 44 | 88 | 110 | 133 | |
| Operating Profit | -0 | 1 | 1 | 4 | 4 | 4 | 4 |
| OPM % | -0% | 2% | 2% | 7% | 4% | 3% | 3% |
| 1 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 3 | 4 | 4 | 4 |
| Tax % | 36% | 39% | 54% | 31% | 26% | 25% | |
| 0 | 0 | 0 | 2 | 3 | 3 | 3 | |
| EPS in Rs | 4.88 | 6.34 | 2.93 | 90.24 | 7.60 | 8.09 | 9.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 34% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 95% |
| 3 Years: | 262% |
| TTM: | 70% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 22% |
| Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.21 | 0.21 | 0.21 | 0.21 | 3 | 3 | 3 |
| Reserves | 0 | 0 | 0 | 3 | 16 | 18 | 32 |
| 4 | 8 | 6 | 7 | 6 | 8 | 7 | |
| 5 | 5 | 6 | 6 | 8 | 32 | 13 | |
| Total Liabilities | 10 | 13 | 13 | 16 | 33 | 61 | 56 |
| 0 | 0 | 0 | 0 | 0 | 1 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 | 13 | 12 | 16 | 32 | 60 | 48 | |
| Total Assets | 10 | 13 | 13 | 16 | 33 | 61 | 56 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -3 | 3 | -0 | -8 | -4 | ||
| -0 | -0 | -0 | -0 | -1 | ||
| 3 | -2 | 0 | 11 | 3 | ||
| Net Cash Flow | -0 | 0 | -0 | 2 | -2 | |
| Free Cash Flow | -3 | 2 | -0 | -8 | -5 | |
| CFO/OP | -433% | 345% | 11% | -180% | -70% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 100 | 82 | 45 | 69 | 74 | 43 |
| Inventory Days | 19 | 16 | 36 | 54 | 31 | 87 |
| Days Payable | 60 | 45 | 43 | 44 | 27 | 104 |
| Cash Conversion Cycle | 59 | 53 | 37 | 79 | 78 | 26 |
| Working Capital Days | 22 | 35 | 20 | 35 | 63 | 65 |
| ROCE % | 14% | 10% | 40% | 24% | 17% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Inventory (Stock in Trade) INR Lakhs |
|
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| Debtors Turnover Ratio times |
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| Number of Permanent Employees Number |
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| Trade Payable Turnover Ratio times |
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| Working Capital Turnover Ratio times |
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Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - RTA confirms Regulation 74(5) not applicable for quarter ended 31 March 2026.
-
Clarification On Price Movement Of Share
8 Apr - Company says no material event; share price movement is market-driven.
-
Clarification sought from Shree Marutinandan Tubes Ltd
7 Apr - Exchange has sought clarification from Shree Marutinandan Tubes Ltd on April 7, 2026 with reference to significant movement in price, in order to ensure that …
- Closure of Trading Window 27 Mar
-
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
16 Jan - Registered office shifted within Ahmedabad effective 16 Jan 2026 to B-902 Swati Trinity Applewood.
Business Overview:[1]
SMTL is in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERWMS) Pipes (round pipes, square and rectangular hollow sections) in various specifications and sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. Company has independent sales and distribution networks for its products. A majority of its steel pipes are sold to wholesalers and distributors in the domestic markets. It generally procures Steel Pipes in large volumes to stock and facilitate on time delivery of products to their customers