GANDHITUBEIndustrials

Gandhi Special Tubes Limited

Iron & Steel Products · ISIN INE524B01027 · BSE 513108 · NSE EQ · FV ₹5
Last price
₹892
-1.70%today
What this company does

Gandhi Special Tubes Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹58 cr of revenue in its latest quarter (Q2 FY27) and kept 34.2% of sales as profit.

In the report:
77out of 100
Equitytale Health Score
Solid

Healthier than 77% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 52–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
51

At close. Not part of the score.

Profitability & returns95

How much profit it earns on the money it employs

Balance sheet98

How much it owes, and whether earnings cover the interest

Cash quality74

Whether reported profit actually arrives as cash

Growth & consistency60

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 34% net margin
✓ Sales up 21% vs last year
✓ Profit up 12% vs last year
✓ Promoters hold 72%
✓ No promoter shares pledged
✓ Strong 30% return on equity
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in GANDHITUBE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 7% a year, it would become
₹17.20 lakh

The slider starts at 7%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹892▼ -1.70%
latest close · 2026-11-04
1-year return
+104.2%
52-wk low ₹30252-wk high ₹1,047
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio13.5Low
LowAverageHigh
P/B ratio3.78High
Below bookModerateHigh
EV / EBITDA9.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity29.9%Strong
WeakFairStrong ▸15%
Return on capital38.6%Strong
WeakFairStrong
Net margin34.2%Strong
ThinDecentStrong
EBITDA margin47.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover690.7×Strong
RiskyOkayStrong ▸5×
Current ratio3.80Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,006 cr
Book value
₹236
EPS
₹16.48
latest quarter
Net debt
₹-4 cr
more cash than debt
Enterprise value
₹1,003 cr
EBITDA
₹110 cr
annualised
EBIT
₹106 cr
annualised
Operating margin
45.8%
Return on assets
26.9%
Earnings yield
7.39%
P/S
4.33
Sales / share
₹205.9
Tax rate
25.1%
Face value
₹5
Shares
1.1 cr
Working capital
₹58 cr
Current assets
₹79 cr
Current liabilities
₹21 cr
Delivery %
58.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedHigh confidence
Median of 3 models ₹483 vs market price ₹892 — price is 85% above it
Safety cushion-84.8%(target ≥ +20%)
Models span ₹446–₹763, midpoint ₹483
Model ₹483
Price ₹892
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹58 cr
Other Income₹52.2 L
Total Income₹59 cr
Cost of Materials₹18 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹72.6 L
Employee Benefit Expense₹3 cr
Finance Costs₹3.9 L
Depreciation & Amortisation₹87.2 L
Other Expenses₹9 cr
Total Expenses₹32 cr
Profit before Tax₹27 cr
Tax Expense₹7 cr
Net Profit₹20 cr
Net margin on total income33.9%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹19 cr31.9%
Employee benefit expense₹3 cr5.1%
Finance costs₹3.9 L0.1%
Depreciation & amortisation₹87.2 L1.5%
Other expenses₹9 cr16.1%
Tax expense₹7 cr11.4%
Profit for the period₹20 cr33.9%
Total income ₹59 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue47 cr57 cr58 cr
Total income42 cr68 cr59 cr
Expenses29 cr31 cr32 cr
Profit before tax13 cr36 cr27 cr
Tax4 cr8 cr7 cr
Net profit (owners' share)9 cr28 cr20 cr
Net margin (owners' share, on revenue)19.8%48.8%34.2%
EPS (₹)7.7122.9916.48
YoY (latest quarter): total income +14.4% · net profit +12.5%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹296 cr
Shareholder equity
₹266 cr
parent shareholders
Total debt
₹0 cr
Cash
₹4 cr
Cash flow · H1 FY27
Operating
₹61 cr
Investing
₹36 cr
Financing
₹-98 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,316₹61,083 cr30.6
APL Apollo Tubes Limited₹2,153₹59,783 cr39.5
Shyam Metalics and Energy Limited₹1,220₹33,885 cr16.6
Ratnamani Metals & Tubes Limited₹2,380₹16,682 cr50.8
Jindal Saw Limited₹247₹15,794 cr83.4
Usha Martin Limited₹461₹14,057 cr24.7
Gallantt Ispat Limited₹526₹12,693 cr52.4
Godawari Power And Ispat limited₹193₹11,889 cr13.4
Jayaswal Neco Industries Limited₹90₹8,704 cr9.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.68%
trailing 12 months
Dividend / share (TTM)
₹15
Last dividend
₹15
ex 5 Aug 2026
ActionDetailEx-date
BuybackBuy Back21 Aug 2026
Dividend₹15 / share5 Aug 2026
Dividend₹15 / share4 Aug 2025
Dividend₹13 / share5 Aug 2024
Dividend₹12 / share28 Jul 2023
Dividend₹10 / share30 Jun 2022
Who owns it · 2026-09-30
No pledge
Promoter
71.7%
FII / Foreign
1.2%
DII / Domestic
0.0%
Retail / others
27.1%
Promoter stake down 1.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldMr. Manhar Gandhi · Promoters2.00 L · ₹18.5 cr26 Sep 25
BoughtMr. Rahul Gandhi · Promoter Group2.00 L · ₹18.5 cr26 Sep 25
BoughtJAYSHREE DHARMEN SHAH J/W DHARMEN BHASKARRAI SHAH · Other2,000 · ₹4.5 L26 Aug 20
Stake changes
BoughtRahul Gandhi · promoter→ 2.47% · 2.00 L26 Sep 25
SoldMANHAR GANDHI · promoter→ 14.11% · 1.04 L13 Oct 21
SoldBHUPATRAI GANDHI · promoter→ 13.24% · 98,94113 Oct 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2026 and the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.81 L votes for, 5 against · 0% of mutual funds and other big investors said no
2
To declare Final Dividend on Equity Shares for the Financial Year ended 31 March 2026.
Backed by 100% of shareholders other than promotersneeded 50%
2.81 L votes for, 5 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Jayesh Gandhi (DIN 00041330), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
2.81 L votes for, 5 against · 0% of mutual funds and other big investors said no
4
Appointment of Mr. Manoj Bhupatrai Gandhi (DIN:00041404) as a Non-Executive Non Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 50%
2.81 L votes for, 105 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 16 named members
owning 71.7% between them · as of 2026-09-30
MANOJ B GANDHI25.07%
MANHAR GORDHANDAS GANDHI12.58%
JAYESH M GANDHI8.73%
BHARTI M GANDHI5.43%
GOPI J GANDHI3.28%
JIGNA M.GANDHI3.12%
B M GANDHI INVESTMENT CO LLP2.60%
RAHUL JAYESH GANDHI2.50%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.