GANDHITUBE

Gandhi Special Tubes Limited

Gandhi Special Tubes Limited (GANDHITUBE) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

gandhispecialtubes.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹934.40
Market cap
1,054 Cr
Stock P/E
15.2
P/B
3.59
Dividend yield
1.7%
ROE (FY26)
21.6%
ROCE (FY26)
28.8%
Operating margin (FY26)
41.8%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
66.0%
OCF / EBITDA (3Y)
59.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

A Mumbai-headquartered, promoter-controlled company in the iron and steel products industry, which reports a single business segment, with revenue of ₹192 crore in FY26.

Company snapshot

42ndBy market cap

Ranked among 64 companies in Iron & Steel Products.

What we see

Positives
  • ✓Net margin of 35.6% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales44 Cr41 Cr39 Cr41 Cr49 Cr40 Cr43 Cr48 Cr48 Cr48 Cr47 Cr57 Cr
Operating expenses (approx.)28 Cr26 Cr24 Cr25 Cr29 Cr23 Cr27 Cr27 Cr27 Cr26 Cr28 Cr31 Cr
EBITDA16 Cr16 Cr16 Cr16 Cr20 Cr17 Cr16 Cr21 Cr21 Cr22 Cr19 Cr27 Cr
OPM %35.7%37.6%40.0%38.7%40.8%42.1%37.0%43.2%43.8%46.0%41.3%46.6%
Other income3 Cr3 Cr3 Cr3 Cr4 Cr2 Cr2 Cr8 Cr3 Cr6 Cr-5 Cr10 Cr
Interest0.03 Cr0.03 Cr0.0072 Cr0.02 Cr0.02 Cr0.02 Cr0.11 Cr0.04 Cr0.04 Cr0.04 Cr-0.02 Cr0.04 Cr
Depreciation0.75 Cr0.80 Cr0.78 Cr0.80 Cr0.84 Cr0.87 Cr0.84 Cr0.84 Cr0.87 Cr0.87 Cr0.85 Cr0.86 Cr
Profit before tax18 Cr18 Cr18 Cr18 Cr23 Cr18 Cr17 Cr28 Cr23 Cr26 Cr13 Cr36 Cr
Tax %24.6%25.0%24.9%22.1%25.5%15.4%31.0%22.7%24.2%24.9%30.3%22.7%
Net profit13 Cr13 Cr13 Cr14 Cr17 Cr15 Cr12 Cr22 Cr18 Cr20 Cr9 Cr28 Cr
EPS (₹)₹10.98₹10.87₹10.99₹11.78₹14.19₹12.48₹9.83₹17.78₹14.56₹16.21₹7.71₹22.99

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales109 Cr117 Cr123 Cr81 Cr114 Cr137 Cr167 Cr171 Cr173 Cr192 CrSign in free for the trailing twelve months
Operating expenses (approx.)76 Cr76 Cr77 Cr57 Cr69 Cr88 Cr107 Cr107 Cr104 Cr108 CrSign in free for the trailing twelve months
EBITDA33 Cr41 Cr46 Cr24 Cr45 Cr49 Cr61 Cr64 Cr68 Cr84 CrSign in free for the trailing twelve months
OPM %30.2%35.1%37.2%29.5%39.4%35.7%36.2%37.5%39.6%43.6%Sign in free for the trailing twelve months
Other income10 Cr8 Cr8 Cr6 Cr6 Cr5 Cr5 Cr12 Cr12 Cr12 CrSign in free for the trailing twelve months
Interest——0 Cr0.04 Cr0 Cr0 Cr0.12 Cr0.09 Cr0.18 Cr0.09 CrSign in free for the trailing twelve months
Depreciation4 Cr4 Cr4 Cr4 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 CrSign in free for the trailing twelve months
Profit before tax38 Cr45 Cr50 Cr26 Cr48 Cr50 Cr63 Cr73 Cr77 Cr91 CrSign in free for the trailing twelve months
Tax %19.1%26.2%22.4%17.9%24.0%23.6%24.7%24.2%23.5%24.9%Sign in free for the trailing twelve months
Net profit31 Cr34 Cr39 Cr21 Cr36 Cr39 Cr47 Cr56 Cr59 Cr68 CrSign in free for the trailing twelve months
EPS (₹)₹20.96₹22.85₹27.96₹15.93₹27.98₹30.66₹38.95₹45.74₹48.28₹56.26Sign in free for the trailing twelve months
Dividend payout %————32.2%30.1%25.7%26.2%26.9%26.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital7 Cr7 Cr7 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr
Reserves180 Cr170 Cr194 Cr140 Cr165 Cr141 Cr176 Cr217 Cr260 Cr310 Cr
Borrowings——————————
Other liabilities18 Cr20 Cr20 Cr15 Cr20 Cr19 Cr20 Cr20 Cr20 Cr24 Cr
Total liabilities205 Cr197 Cr221 Cr162 Cr192 Cr166 Cr202 Cr243 Cr286 Cr340 Cr
Fixed assets (net)55 Cr51 Cr51 Cr48 Cr45 Cr47 Cr44 Cr43 Cr43 Cr42 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments104 Cr99 Cr120 Cr69 Cr94 Cr73 Cr85 Cr132 Cr170 Cr213 Cr
Loans & advances——0.80 Cr0.76 Cr0.63 Cr0.50 Cr0 Cr0 Cr0 Cr0 Cr
Inventories24 Cr20 Cr27 Cr25 Cr21 Cr24 Cr24 Cr42 Cr45 Cr56 Cr
Trade receivables16 Cr19 Cr15 Cr15 Cr25 Cr17 Cr18 Cr20 Cr22 Cr20 Cr
Cash & bank2 Cr3 Cr2 Cr0.56 Cr1 Cr1.00 Cr2 Cr2 Cr2 Cr5 Cr
Other assets4 Cr4 Cr4 Cr3 Cr5 Cr5 Cr30 Cr5 Cr4 Cr4 Cr
Total assets205 Cr197 Cr221 Cr162 Cr192 Cr166 Cr202 Cr243 Cr286 Cr340 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity21 Cr32 Cr31 Cr19 Cr32 Cr41 Cr45 Cr26 Cr47 Cr55 Cr
Cash from investing-5 Cr13 Cr-17 Cr56 Cr-20 Cr22 Cr-7 Cr-37 Cr-30 Cr-34 Cr
Cash from financing-16 Cr-44 Cr-15 Cr-76 Cr-12 Cr-64 Cr-12 Cr-15 Cr-16 Cr-18 Cr
Net cash flow0.25 Cr1 Cr-1 Cr-1 Cr0.73 Cr-0.44 Cr26 Cr-25 Cr0.87 Cr3 Cr
Free cash flow (OCF − Capex)20 Cr32 Cr27 Cr18 Cr31 Cr38 Cr44 Cr23 Cr43 Cr53 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %20.3%25.7%24.7%17.8%27.7%34.3%34.6%33.0%28.9%28.8%
ROE %16.4%18.9%19.2%14.6%21.0%26.2%26.0%24.9%22.1%21.6%
Debtor days54604666824439424639
Inventory days285200224307208178134238269307
Days payable101614121710991110
Cash conversion cycle329244255361273212164270304335
OCF / EBITDA %63.0%77.5%68.0%77.7%72.5%84.7%74.7%41.1%68.8%66.0%
OCF / EBITDA % (3 years)——69.9%73.6%71.8%78.6%77.2%65.1%61.5%59.5%
Debt / equity———————0.000.000.00
Current ratio11.217.2411.8915.1710.848.338.466.797.816.11
Net debt / EBITDA-0.05-0.08-0.05-0.02-0.03-0.02-0.03-0.03-0.04-0.06