About
Gandhi Special Tubes Limited manufactures and markets welded and seamless steel tubes, and nuts in India. The company offers cold drawn bright annealed seamless steel tubes; precision electric resistance welded steel tubes; cold formed coupling nuts; and high-pressure fuel injection tubes. It is also involved in the wind power generation business. It supplies its products primarily to the original equipment manufacturers of the automotive sector, farm equipment manufacturers, construction equipment manufacturers, and other engineering industries. In addition, the company offers products to commercial vehicles, hydraulic systems and general engineering. The company was formerly known as Gandhi Special 07 Tubes Ltd. Gandhi Special Tubes Limited was incorporated in 1985 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap1,094 Cr
P/E14.50
Div Yield1.67 %
Book Value₹260.00
52w High₹1,034.00
52w Low₹681.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57.00 | 47.00 | 48.00 | 48.00 | 48.00 | 43.00 | 40.00 | 49.00 | 41.00 | 39.00 | 41.00 | 44.00 | 46.00 |
| Expenses | 31.00 | 28.00 | 26.00 | 27.00 | 27.00 | 27.00 | 23.00 | 29.00 | 25.00 | 24.00 | 26.00 | 28.00 | 29.00 |
| Operating Profit | 27.00 | 19.00 | 22.00 | 21.00 | 21.00 | 16.00 | 17.00 | 20.00 | 16.00 | 16.00 | 16.00 | 16.00 | 17.00 |
| OPM % | 47.00 | 41.00 | 46.00 | 44.00 | 43.00 | 37.00 | 42.00 | 41.00 | 39.00 | 40.00 | 38.00 | 36.00 | 37.00 |
| Other Income | 10.00 | -5.00 | 5.00 | 3.00 | 8.00 | 2.00 | 2.00 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 36.00 | 13.00 | 26.00 | 23.00 | 28.00 | 17.00 | 18.00 | 23.00 | 18.00 | 18.00 | 18.00 | 18.00 | 20.00 |
| Tax % | 23.00 | 30.00 | 25.00 | 24.00 | 23.00 | 31.00 | 15.00 | 25.00 | 22.00 | 25.00 | 25.00 | 25.00 | 23.00 |
| Net Profit | 28.00 | 9.00 | 20.00 | 18.00 | 22.00 | 12.00 | 15.00 | 17.00 | 14.00 | 13.00 | 13.00 | 13.00 | 16.00 |
| EPS in Rs | 22.99 | 7.70 | 16.21 | 14.56 | 17.78 | 9.83 | 12.48 | 14.20 | 11.78 | 10.99 | 10.87 | 10.90 | 12.98 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 192.00 | 173.00 | 171.00 | 167.00 | 137.00 | 114.00 | 81.00 | 123.00 | 114.00 | 98.00 | 91.00 | 92.00 |
| Expenses | 108.00 | 104.00 | 107.00 | 107.00 | 88.00 | 69.00 | 57.00 | 77.00 | 73.00 | 65.00 | 64.00 | 69.00 |
| Operating Profit | 84.00 | 68.00 | 64.00 | 61.00 | 49.00 | 45.00 | 24.00 | 46.00 | 41.00 | 33.00 | 27.00 | 23.00 |
| OPM % | 44.00 | 40.00 | 38.00 | 36.00 | 36.00 | 39.00 | 30.00 | 37.00 | 36.00 | 34.00 | 30.00 | 25.00 |
| Other Income | 11.00 | 12.00 | 12.00 | 5.00 | 5.00 | 6.00 | 6.00 | 8.00 | 8.00 | 10.00 | 3.00 | 4.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 | 5.00 |
| Profit before tax | 91.00 | 77.00 | 73.00 | 63.00 | 50.00 | 48.00 | 26.00 | 50.00 | 45.00 | 38.00 | 25.00 | 23.00 |
| Tax % | 25.00 | 24.00 | 24.00 | 25.00 | 24.00 | 24.00 | 18.00 | 22.00 | 26.00 | 19.00 | 26.00 | 31.00 |
| Net Profit | 68.00 | 59.00 | 56.00 | 47.00 | 39.00 | 36.00 | 21.00 | 39.00 | 34.00 | 31.00 | 19.00 | 16.00 |
| EPS in Rs | 56.25 | 48.28 | 45.74 | 38.96 | 31.74 | 27.98 | 16.54 | 27.96 | 24.29 | 20.96 | 12.62 | 10.75 |
| Dividend Payout % | 27.00 | 31.00 | 28.00 | 31.00 | 32.00 | 32.00 | 54.00 | 32.00 | 37.00 | 43.00 | 59.00 | 70.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Reserves | 310.00 | 260.00 | 217.00 | 176.00 | 141.00 | 165.00 | 140.00 | 194.00 | 170.00 | 180.00 | 158.00 | 153.00 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 24.00 | 20.00 | 20.00 | 20.00 | 19.00 | 20.00 | 15.00 | 20.00 | 20.00 | 18.00 | 15.00 | 14.00 |
| Total Liabilities | 340.00 | 286.00 | 243.00 | 202.00 | 166.00 | 192.00 | 162.00 | 221.00 | 197.00 | 206.00 | 180.00 | 174.00 |
| Fixed Assets | 42.00 | 43.00 | 43.00 | 44.00 | 47.00 | 45.00 | 48.00 | 51.00 | 51.00 | 55.00 | 59.00 | 63.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 213.00 | 170.00 | 132.00 | 85.00 | 73.00 | 94.00 | 69.00 | 120.00 | 99.00 | 104.00 | 82.00 | 65.00 |
| Other Assets | 85.00 | 73.00 | 68.00 | 73.00 | 47.00 | 53.00 | 44.00 | 50.00 | 47.00 | 46.00 | 40.00 | 46.00 |
| Total Assets | 340.00 | 286.00 | 243.00 | 202.00 | 166.00 | 192.00 | 162.00 | 221.00 | 197.00 | 206.00 | 180.00 | 174.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 55.00 | 47.00 | 26.00 | 45.00 | 42.00 | 32.00 | 19.00 | 31.00 | 32.00 | 21.00 | 29.00 | 15.00 |
| Cash from Investing Activity | -34.00 | -30.00 | -37.00 | -7.00 | 22.00 | -20.00 | 56.00 | -17.00 | 13.00 | -5.00 | -14.00 | -1.00 |
| Cash from Financing Activity | -18.00 | -16.00 | -15.00 | -12.00 | -64.00 | -12.00 | -76.00 | -15.00 | -44.00 | -16.00 | -13.00 | -13.00 |
| Net Cash Flow | 3.00 | 1.00 | -25.00 | 26.00 | 0.00 | 1.00 | -1.00 | -1.00 | 1.00 | 0.00 | 1.00 | 0.00 |
| Free Cash Flow | 53.00 | 43.00 | 25.00 | 44.00 | 38.00 | 31.00 | 18.00 | 27.00 | 32.00 | 20.00 | 28.00 | 11.00 |
| CFO/OP % | 93.00 | 96.00 | 66.00 | 100.00 | 110.00 | 97.00 | 107.00 | 91.00 | 109.00 | 81.00 | 134.00 | 95.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 39.00 | 47.00 | 42.00 | 39.00 | 44.00 | 82.00 | 66.00 | 46.00 | 62.00 | 61.00 | 65.00 | 50.00 |
| Inventory Days | 313.00 | 266.00 | 233.00 | 138.00 | 179.00 | 204.00 | 308.00 | 231.00 | 197.00 | 288.00 | 186.00 | 300.00 |
| Days Payable | 10.00 | 11.00 | 9.00 | 9.00 | 10.00 | 17.00 | 12.00 | 15.00 | 16.00 | 10.00 | 10.00 | 13.00 |
| Cash Conversion Cycle | 341.00 | 302.00 | 265.00 | 168.00 | 213.00 | 269.00 | 362.00 | 262.00 | 243.00 | 339.00 | 240.00 | 337.00 |
| Working Capital Days | 120.00 | 120.00 | 115.00 | 72.00 | 92.00 | 122.00 | 168.00 | 113.00 | 107.00 | 139.00 | 120.00 | 152.00 |
| ROCE % | 28.00 | 28.00 | 32.00 | 36.00 | 30.00 | 30.00 | 15.00 | 26.00 | 25.00 | 21.00 | 15.00 | 13.00 |
Corporate Actions
41 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 21 Aug 2026 | 21 Aug 2026 | — | — | Buy Back of Shares |
| Other | 21 Aug 2026 | 21 Aug 2026 | — | — | Buy Back |
| Dividend | 05 Aug 2026 | 05 Aug 2026 | — | 15.00 | |
| Dividend | 04 Aug 2025 | 04 Aug 2025 | — | 15.00 | |
| Dividend | 05 Aug 2024 | 05 Aug 2024 | — | 13.00 | |
| Dividend | 28 Jul 2023 | 28 Jul 2023 | — | 12.00 | |
| Dividend | 30 Jun 2022 | 01 Jul 2022 | — | 10.00 | |
| Other | 30 Aug 2021 | 31 Aug 2021 | — | — | Buy Back of Shares |
| Other | 30 Aug 2021 | 31 Aug 2021 | — | — | Buy Back |
| Dividend | 29 Jul 2021 | 30 Jul 2021 | — | 9.00 | |
| Dividend | 10 Sep 2020 | 11 Sep 2020 | — | 9.00 | |
| Other | 14 Aug 2019 | 16 Aug 2019 | — | — | Buy Back of Shares |
| Other | 14 Aug 2019 | 16 Aug 2019 | — | — | Buyback |
| Dividend | 11 Jul 2019 | — | — | 9.00 | |
| Dividend | 02 Aug 2018 | — | — | 9.00 | |
| Other | 08 Feb 2018 | 09 Feb 2018 | — | — | Buy Back of Shares |
| Other | 08 Feb 2018 | 09 Feb 2018 | — | — | Buyback |
| Other | 07 Jul 2017 | — | — | — | Annual General Meeting |
| Dividend | 02 Feb 2017 | 03 Feb 2017 | — | 9.00 | |
| Other | 25 Jul 2016 | — | — | — | Annual General Meeting |
| Dividend | 28 Jan 2016 | 29 Jan 2016 | — | 7.50 | |
| Other | 24 Jul 2015 | — | — | — | Annual General Meeting |
| Dividend | 02 Feb 2015 | 03 Feb 2015 | — | 7.50 | |
| Other | 21 Jul 2014 | — | — | — | Annual General Meeting |
| Dividend | 03 Feb 2014 | 04 Feb 2014 | — | 6.00 | |
| Other | 22 Jul 2013 | — | — | — | Annual General Meeting |
| Dividend | 01 Feb 2013 | 04 Feb 2013 | — | 6.00 | |
| Other | 20 Jul 2012 | — | — | — | Annual General Meeting |
| Dividend | 27 Jan 2012 | 30 Jan 2012 | — | 6.00 | |
| Other | 22 Jul 2011 | — | — | — | Annual General Meeting |
| Dividend | 03 Feb 2011 | 04 Feb 2011 | — | 5.00 | |
| Other | 23 Jul 2010 | — | — | — | Annual General Meeting |
| Dividend | 28 Jan 2010 | 29 Jan 2010 | — | 5.00 | |
| Other | 28 Jan 2010 | 29 Jan 2010 | — | — | Div-Int Re 2.5+Spl Re 2.5purpose Revised |
| Other | 20 Jul 2009 | — | — | — | Annual General Meeting |
| Dividend | 04 Feb 2009 | 05 Feb 2009 | — | 2.50 | |
| Other | 21 Jul 2008 | — | — | — | Annual General Meeting |
| Split | 17 Mar 2008 | 26 Mar 2008 | 10:5 | — | |
| Dividend | 30 Jan 2008 | 31 Jan 2008 | — | 5.00 | |
| Other | 18 Jul 2007 | — | — | — | Annual General Meeting |
| Dividend | 13 Jul 2001 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update13 Jul 2012 from crisil