Gandhi Special Tubes Ltd.
Snapshot View

475.45 +2.55 ▲0.5%

26 July 2021, 04:00:00 P.M.
Volume: 1,767

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.gandhitubes.com
Financial Indicators
Market Cap 615.25 Cr.
Earnings per share (EPS) 27.98 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 17.02 Trailing Twelve Months Ending 2021-03
Industry PE 15.65 Trailing Twelve Months Ending 2021-03
Book Value / Share 133.10 Trailing Twelve Months Ending 2021-03
Price to Book Value 3.58 Calculated using Price: 476.25
Dividend Yield 1.89 Period Ending 2020-03
No. of Shares Subscribed 1.29 Cr. 12,918,616 Shares
FaceValue 5
Company Profile

Gandhi Special Tubes Limited formerly known as Gandhi Special 07 Tubes Limited was a project set up by Gandhi Group in technical collaboration with Benteler of Germany. Benteler is one of the leading enterprises in manufacturing of steel. Besides steel they manufacture welded and seamless steel tubes and are also producing pressed, drawn, stamped parts and tubular components.

The project was for manufacturing small diameter welded and cold drawn seamless steel tubes. M/S Benteler have supplied most of the critical machines and were involved in installation and commissioning of the plant and training personnel in India as well as Germany. The plant situated at Gujarat, started commercial production in April 1988. Gandhi Special Tubes Limited have also subsequently started producing tubular components like condenser coils and wire on tube condensors at Halol plant mentioned above and have recently set up a unit at Pune to manufacture tubular components.

Gandhi Special Tubes Limited had also started manufacturing of Cold Formed Tube Nuts for Fuel Injection Tube Assemblies as well as Hydraulic Tube Assemblies. This is a pioneering effort in India as hitherto tube nuts were being manufactured by machining.

Gandhi Group manufactures automobile components. The products are marketed all over India and are also exported all over the world including Germany, UK, South East Asian countries etc.

The organization’s philosophy is to aim at continuous growth by giving priority to customer satisfaction through assured product quality and use of state of art technology. Facilities at Pune plant for manufacturing tubular components include CNC and manual bending, hydraulic head forming, welding / brazing, flushing, pressure testing etc.Standard steel grades used are AISI 1010 / AISI 1015 / En1A other steel grades as well. Stainless steel grades like SSS304 / SS316 are also considered on request.

They are pioneers in introducing cold drawn seamless steel tubes normalized / annealed in bright annealing furnace in India. This ensures soft and scale free tubes.Clients of the company include organizations like, Tata Engineering & Locomotive, Tata Iron & Steel, Ashok Leyland, Maruti Udyog, Mahindra & Mahindra, Bajaj Auto, Escorts group companies, Larsen & Toubro, SMS India, Steel Authority of India, Bharat Heavy Electricals, Godrej Appliances, Electrolux India, Voltas, Daewoo India, Kirloskar Copeland, etc.

Product range of the company includes:

  • Small Diameter Welded Steel Tubes- The size range of small diameter welded steel tubes manufactured is 3.1 to 12.7mm OD and 0.5 to 1.5mm wall thickness. Plain, inside and outside copper plated and outside zinc plated tubes are manufactured. These tubes find applications mainly in refrigration and automobile industry.
  • Cold Drawn Seamless Steel Tubes- The size range of cold drawn seamless steel tubes manufactured is 3 to 75mm OD and 0.5 to 7.5 mm wall thickness. hese tubes find applications in high pressure fuel injection tubings and hydraulic tubings.
  • Tubular Components- Components manufactured are condensors , compressor parts, fuel injection tube assemblies , hydraulic tubes etc.
  • Cold Formed Nuts- Cold formed nuts have following distinct advantages over machined nuts :- High degree of reliability ensuring zero failures on account of cracked nuts.-Fatigue life, Tensile Strength, Yield Strength & Shear strength increase due to cold working. The unbroken flow lines follow the part contour which increase the strength of the part.-Improved surface finish which not only gives better looks to the nuts but improves life & greatly helps sealing where ferrules are used.

The organisation has given due importance to developing reliable quality systems. Company's quality system has been certified as per ISO/TS 16949 : 2002 as well as ISO 9001: 2000 by M/S TUV.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.54%
1 Week
+4.01%
1 Month
+12.37%
3 Month
+74.13%
6 Month
+91.64%
1 Year
+145.20%
2 Year
+40.27%
5 Year
+82.87%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 23.11 15.25 11.23 9.94 11.40 17.45 18.40 20.42 12.30
Return on Capital Employed (%) 32.39 21.29 18.95 14.37 15.50 21.58 24.94 26.32 15.01
Return on Assets (%) 21.18 14.00 10.29 9.13 10.48 15.92 16.61 18.47 11.17

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 139 151 158 160 165 188 177 201 147
Non Curr. Liab. 6 7 9 10 10 12 11 12 10
Curr. Liab. 6 6 6 4 5 7 9 8 5
Minority Int.
Equity & Liab. 151 164 172 174 180 207 197 221 162
Non Curr. Assets 96 101 107 124 123 143 132 124 87
Curr. Assets 55 63 65 50 57 64 65 97 75
Misc. Exp. not W/O
Total Assets 151 164 172 174 180 207 197 221 162

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 107 96 84 92 91 98 114 123 81
Other Income 4 3 8 4 3 10 8 8 6
Total Income 111 99 91 96 94 107 122 131 87
Total Expenditure -64 -63 -57 -69 -64 -65 -73 -77 -57
PBIDT 46 35 34 28 30 43 49 53 30
Interest 0 0 0 0 0 0 0 0 0
Depreciation -5 -4 -5 -5 -5 -4 -4 -4 -4
Taxation -12 -9 -12 -7 -7 -7 -12 -11 -5
Exceptional Items
PAT 30 22 17 16 19 31 34 39 21

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 27 27 14 15 29 21 32 31 19
Cash Fr. Inv. -15 -18 -4 -1 -14 -5 13 -17 56
Cash Fr. Finan. -10 -10 -10 -13 -13 -16 -44 -15 -76
Net Change 2 -1 -1 0 1 0 1 -1 -1
Cash & Cash Eqvt 4 3 2 2 3 3 5 4 2

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 73.26 73.26 73.39 73.39 73.39 73.39 73.39 73.39 73.39
Public 26.74 26.74 26.61 26.61 26.61 26.61 26.61 26.61 26.61
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 19 Jul 2021
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 we have published today the Notice of 36th Annual General Meeting to be held on Tuesday August 10 2021 at 11.00 a.m. through Video Conference or Other Audio Visual Means in following newspapers:

1. The Free Press Journal (English Language)

2. Navshakti (Marathi Language)


Kindly take the above document on your record and acknowledge.
Mon, 19 Jul 2021
Reg. 34 (1) Annual Report
Pursuant to Regulation 34 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 please find enclosed 36th Annual Report of the Company for the financial year 2020-2021.

Kindly take the above document on your record and disseminate the same on the website of the Exchange.
Wed, 14 Jul 2021
Shareholding for the Period Ended June 30 2021
Gandhi Special Tubes Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

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