As of 6 Nov 2026, Gandhi Special Tubes trades at 14.6× trailing earnings, below the industry P/E of 25.1×, and the shares are 14% below their 52-week high. Sales and net profit grew 4.9% and 13% a year over 3 years; its ROCE of 28% is the highest among the 7 largest Metal Fabrication peers. It carries very little debt, and its dividend yield is 1.6%. It is a small-cap company with a market cap of ₹1,013 Cr, ranked 30th of 71 Metal Fabrication companies by market cap; the shares rose 5.4% over the past year.
- ₹903.15
- ₹909.95
- ₹887.60
- ₹902.75
- 1.9K
Health check
- ReturnsBehind
+5.4% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 14.6 vs industry 25.1.
- GrowthSlow
Sales +4.9%, profit +13.0% a year over 3 years.
- ProfitabilityStrong
ROCE 28.0% vs peer median 15.6%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹1,013 Cr
- Small cap
- P/E
- 14.6
- Industry 25.1
- Price to book
- 3.45
- Peers 7.00
- Dividend yield
- 1.65%
- ROE
- 23.5%
- Peers 8.6%
- ROCE
- 28.0%
- Peers 15.6%
- Debt to equity
- 0.00
- Debt ₹0.10 Cr
- EPS (TTM)
- ₹61.47
- Face value ₹5
- OPM (TTM)
- 44.5%
- Net margin 37.2%
- Sales growth
- +18.9%
- Latest quarter vs a year ago
- Profit growth
- +29.3%
- Latest quarter vs a year ago
- Price to sales
- 5.04
- EV/EBITDA 12.2
Strengths and risks
Strengths
- Return on equity of 23.5%.
- Return on capital employed of 28.0%.
- Practically debt-free.
- Quarterly profit up 29.3% on a year ago.
- Quarterly sales up 18.9% on a year ago.
About Gandhi Special Tubes
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…
- Headquarters
- Mumbai
- Employees
- 447
- Sector
- Industrials
- ISIN
- INE524B01027
- Website
- gandhispecialtubes.com
Price range
- Avg volume (3M)
- 14.3K
- 1-year return
- plus 5.4%
- From 52-week high
- minus 14.2%
Peers · Metal Fabrication
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORGBharat Forge | 1,740.00 | minus 0.74% | 85,029 | 121.8 | 7.23 | 15.6% | 6.7% | 14.7% | 9.7% | 26.9% | 0.49% | plus 32.3% |
| INDOMIMINDO-MIM | 1,219.50 | minus 3.93% | 60,302 | 101.1 | 20.94 | 22.8% | 21.3% | 28.6% | 15.8% | 4.9% | 0.00% | plus 64.4% |
| PTCILPTC Industries | 24,335.00 | plus 0.04% | 38,564 | 290.6 | 23.73 | 7.9% | 8.6% | 24.6% | 40.7% | 57.8% | 0.00% | plus 41.4% |
| ZETWERKZetwerk Manufacturing Businesses | 164.89 | minus 1.10% | 27,937 | – | −2.47 | −13.0% | −36.0% | 0.1% | 56.9% | – | 0.00% | plus 19.3% |
| HAPPYFORGEHappy Forgings | 1,694.50 | minus 10.00% | 15,996 | 49.0 | 7.00 | 18.9% | 15.2% | 30.6% | 9.8% | 13.1% | 0.24% | plus 85.8% |
| RKFORGERamkrishna Forgings | 693.85 | minus 4.25% | 13,087 | 68.4 | 3.51 | 4.7% | 5.6% | 17.1% | 10.5% | −33.9% | 0.58% | plus 35.6% |
| GRAVITAGravita India | 1,493.90 | minus 0.07% | 10,883 | 27.3 | 4.11 | 18.1% | 16.2% | 9.3% | 14.9% | 23.5% | 0.52% | minus 15.4% |
| GANDHITUBEGandhi Special Tubes | 897.60 | minus 0.57% | 1,013 | 14.6 | 3.45 | 28.0% | 23.5% | 44.5% | 4.9% | 13.0% | 1.65% | plus 5.4% |
| Median of 7 peers | – | −1.10% | 27,937 | 84.7 | 7.00 | 15.6% | 8.6% | 17.1% | 14.9% | 18.3% | 0.24% | 35.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 48.1 | 48 | 48.4 | 47.2 | 57.2 | |
| 27.4 | 27 | 26.1 | 27.7 | 30.6 | |
| 20.7 | 21 | 22.3 | 19.5 | 26.6 | |
| 43.1% | 43.8% | 46.0% | 41.3% | 46.6% | |
| 8.1 | 3.2 | 6 | −5.4 | 10.4 | |
| 0 | 0 | 0 | – | 0 | |
| 0.8 | 0.9 | 0.9 | 0.8 | 0.9 | |
| – | – | −1.2 | 0.2 | – | |
| 28 | 23.3 | 26.2 | 13.4 | 36.1 | |
| 22.7% | 24.2% | 24.9% | 30.3% | 22.7% | |
| 21.6 | 17.7 | 19.7 | 9.4 | 27.9 | |
| 17.78 | 14.56 | 16.21 | 7.71 | 22.99 |
Profit & loss
- Sales CAGR 3Y
- +4.9%
- Profit CAGR 3Y
- +13.0%
- EPS CAGR 3Y
- +13.0%
- ROE
- 23.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 163 | 166 | 169 | 188 | |
| – | +2.3% | +1.3% | +11.4% | |
| 102 | 102 | 100 | 104 | |
| 60.7 | 64.5 | 68.6 | 83.6 | |
| 37.3% | 38.8% | 40.7% | 44.5% | |
| 1.7 | 2.7 | 2.2 | 2.6 | |
| 0.1 | 0.1 | 0.2 | 0.1 | |
| 3.1 | 3.1 | 3.4 | 3.4 | |
| 3.8 | 9.3 | 9.5 | 8.3 | |
| 62.9 | 73.3 | 76.7 | 91 | |
| 24.7% | 24.2% | 23.5% | 24.9% | |
| 47.3 | 55.6 | 58.7 | 68.4 | |
| – | +17.4% | +5.6% | +16.5% | |
| 38.95 | 45.74 | 48.28 | 56.26 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.1 | 6.1 | 6.1 | 6.1 | |
| 176 | 217 | 260 | 310 | |
| 0.3 | 0.3 | 0.2 | 0.1 | |
| 19.9 | 19.6 | 20 | 24 | |
| 202 | 243 | 286 | 340 | |
| 44.5 | 43.2 | 43.3 | 41.7 | |
| 0.3 | 0.5 | 0.3 | 0.1 | |
| 61.6 | 128 | 165 | 207 | |
| 49.9 | 5.4 | 7.5 | 11.2 | |
| 46 | 65.5 | 70.2 | 79.7 | |
| 202 | 243 | 286 | 340 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 45.4 | 26.4 | 47 | 55.2 | |
| −7.5 | −36.7 | −30.2 | −34 | |
| −12.3 | −14.7 | −16 | −18.3 | |
| 25.6 | −25 | 0.9 | 2.8 | |
| −0.9 | −3.5 | −3.8 | −2 | |
| 44.4 | 22.9 | 43.2 | 53.2 | |
| −12.2 | −14.6 | −15.8 | −18.2 |
Shareholding pattern
- Promoters71.70%
- Public28.30%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.70% | 28.30% | 0.00 | |
| 17 Sep 2026 | 71.70% | 28.30% | minus 1.83 | |
| 30 Jun 2026 | 73.53% | 26.47% | 0.00 | |
| 31 Mar 2026 | 73.53% | 26.47% | 0.00 | |
| 31 Dec 2025 | 73.53% | 26.47% | – |
Major shareholders
Filings & events
News
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