Surani Steel Tubes Ltd.
Snapshot View

26.00 -0.35 ▼-1.3%

27 July 2021, 10:01:32 A.M.
Volume: 6,000

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.suranisteel.com
Financial Indicators
Market Cap 21.83 Cr.
Earnings per share (EPS) 4.70 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 5.60 Trailing Twelve Months Ending 2021-03
Industry PE 15.65 Trailing Twelve Months Ending 2021-03
Book Value / Share 27.43 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.96 Calculated using Price: 26.35
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 0.83 Cr. 8,284,000 Shares
FaceValue 10
Company Profile

The Company was originally incorporated as ‘Surani Steel Private Limited’ a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated July 31, 2012 issued by the Registrar of Companies Gujarat, Dadra & Nagar Haveli. Further, the name of the Company was changed to ‘Surani Steel Tubes Private Limited’ pursuant to special resolution passed by shareholders of the Company in the Extra Ordinary General Meeting held on August 07, 2018 and a fresh Certificate of Incorporation dated August 13, 2018, was issued by the Registrar of Companies, Ahmadabad. Subsequently, the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on August 29, 2018 and the name of the Company was changed to Surani Steel Tubes Limited and a fresh Certificate of Incorporation consequent upon Conversion of Private Company to Public Limited September 12, 2018 was issued by the Registrar of Companies, Ahmadabad.

Business area of the Company:

Surani Steel Tubes, the venture of Vinayak Group, is engaged in the business of manufacturing of Electric Resistance Welding Mild Steel (ERW MS) Pipes (round pipes, square and rectangular hollow Sections) in various specifications, sizes ranging from 20NB to 100NB and also in the trading of Hot Rolled Coil (HR Coil) and HR slit coils. Its products have wide applications in varied industries like Architectural, Infrastructural, Industrial and Engineering Industry. It relies largely on its dealers to sell its products to its end consumers. As on March 31, 2018, it have entered into arrangements / understanding with over 300 dealers located across Gujarat to market and sell its products in Gujarat. The Company also generates the revenue from the sale of scraps. It is an ISO 9001: 2015 certified company for manufacturing and Supply of ERW pipes. It have also been granted the IS 4923:1997 and IS 1161:2014 Quality Standard License from Bureau of Indian Standards. The company strives to provide diversified range of products, manufactured at its manufacturing plant located at Dahegam, Gandhinagar in Gujarat on approximately 8,300 square meter of land having an installed capacity of 25000 MT per.annum.

Key Events and Milestones:

  • 2012: Incorporation of the Company
  • 2016: ISO 9001: 2015 certificate for Quality Management System
  • 2017: Certificate of Investment Intention, Vibrant Gujarat 2017
  • 2018: Change of name from ‘Surani Steel Private Limited ´ to ‘Surani Steel Tubes Private Limited'
  • 2018: Conversion to Public Company in the name and style of ‘Surani Steel Tubes Limited’

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.33%
1 Week
-15.03%
1 Month
+36.84%
3 Month
+43.25%
6 Month
+36.84%
1 Year
+13.04%
2 Year
-38.02%
5 Year
7 years 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -1.23 6.47 34.88 23.85 22.48 -0.78 -23.27
Return on Capital Employed (%) 7.52 12.00 20.05 18.38 16.92 2.23 -6.74
Return on Assets (%) -0.19 1.04 5.63 3.89 5.50 -0.34 -10.67

Balance Sheet View Details

Particulars 7 years 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 2 3 4 5 11 24 19
Non Curr. Liab. 6 6 6 6 4 4 3
Curr. Liab. 7 7 13 17 21 17 26
Minority Int.
Equity & Liab. 15 16 23 28 36 45 48
Non Curr. Assets 5 5 5 8 11 15 15
Curr. Assets 10 11 17 20 24 30 33
Misc. Exp. not W/O
Total Assets 15 16 23 28 36 45 48

Profit Loss View Details

Particulars 7 years 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 36 58 68 77 101 93 98
Other Income 0 0 0 0 0 0 0
Total Income 36 58 68 77 101 93 98
Total Expenditure -35 -56 -65 -73 -97 -92 -99
PBIDT 1 2 3 4 4 1 -1
Interest -1 -1 -1 -1 -1 -1 -2
Depreciation 0 0 -1 0 0 0 -1
Taxation 0 0 -1 -1 -1 0 0
Exceptional Items
PAT 0 0 1 1 2 0 -5

Cash Flow View Details

Particulars 7 years 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. -7 2 0 2 -1 -8 0
Cash Fr. Inv. -1 0 -1 -2 -4 -5 -1
Cash Fr. Finan. 7 -2 0 0 5 13 1
Net Change 0 1 0 0 0 0 0
Cash & Cash Eqvt 0 1 0 0 0 0

Shareholding Pattern View Details

6 Qtrs 2018-03 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%)
Promoter 48.52 33.97 33.97 33.97 33.97 33.97
Public 51.48 66.03 66.04 66.03 66.03 66.03
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 41.12 41.12 41.12 41.12

Announcements View Details

No Corporate Announcement found.

Technical Scans View Details

Mon, 26 Jul 2021
Strongly Underperforming Benchmark index Strongly Underperforming Benchmark index
Strongly Underperforming Sectoral index Strongly Underperforming Sectoral index
Stochastic Reversing from Overbought Zone Stochastic Reversing from Overbought Zone
PSAR Indicating Bearish Reversal PSAR Indicating Bearish Reversal
SuperTrend Signal Changed To Sell SuperTrend Signal Changed To Sell

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