Gandhi Special Tubes Ltd.

BSE: GANDHITUBE513108ISIN INE524B01027

Industrials
Iron & Steel Products
BSE Industrials

Share price

₹893.05-10.30 (-1.14%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,048.00
52W low: ₹687.10
Off 52W high: -14.79%
1M return: -9.84%
3M return: +0.12%
6M return: +1.25%
1Y return: +4.36%
20D avg volume: 569
50 DMA: ₹915.93
200 DMA: ₹860.62

Key ratios Standalone

Market cap: ₹1,085 Cr
Current price: ₹893.05
52W high / low: ₹1,048.00 / ₹687.10
Face value: ₹5.00
P/E: 13.10
P/B: 4.23
EPS (TTM): ₹68.15
Book value / share: ₹211.12
ROE: 32.26%
ROCE: 28.00%
Operating margin: 47.27%
Net margin: 34.25%
Debt / equity: 0.00
Net debt: ₹-5.17 Cr
Interest cover: 1,011.89
Dividend yield: 1.68%
Dividend / share (TTM): ₹15.00
Payout: 22.01%
Cash conversion cycle: 140.9 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	58.10	57.20	47.21	48.44	48.01	48.11	43.34	39.77	48.60	40.83	39.45	41.25
	0.52	10.37	-5.47	6.03	3.21	8.07	2.24	2.07	4.18	3.40	2.78	2.93
	58.62	67.57	41.74	54.48	51.22	56.18	45.58	41.84	52.78	44.23	42.23	44.17
	32.07	31.45	28.55	27.06	27.89	28.21	28.27	23.91	29.64	25.86	24.46	26.56
	17.96	18.31	15.43	16.52	16.09	17.82	14.79	12.80	17.35	15.44	14.71	16.58
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	3.02	3.05	2.30	2.44	2.41	2.69	2.12	2.15	2.28	2.12	1.73	2.10
	0.04	0.04	0.02	0.04	0.04	0.04	0.11	0.02	0.02	0.02	0.01	0.03
	0.87	0.86	0.85	0.87	0.87	0.84	0.84	0.87	0.84	0.80	0.78	0.80
	9.46	9.55	10.04	7.77	8.41	7.34	9.61	5.21	4.89	4.78	5.51	4.43
	26.55	36.12	13.20	27.42	23.33	27.96	17.31	17.92	23.14	18.37	17.77	17.62
	0.00	0.00	0.25	-1.18	0.00	0.00	0.00	—	—	—	—	—
	26.55	36.12	13.45	26.24	23.33	27.96	17.31	17.92	23.14	18.37	17.77	17.62
	6.66	8.18	4.08	6.54	5.64	6.36	5.36	2.76	5.89	4.05	4.42	4.41
	19.90	27.94	9.37	19.70	17.69	21.61	11.95	15.16	17.25	14.32	13.36	13.21
	16.48	22.99	7.71	16.21	14.56	17.78	9.83	12.48	14.49	11.78	10.99	10.87
Key metrics
	27.46	37.02	14.32	27.15	24.24	28.84	18.26	18.81	24.00	19.19	18.56	18.45
	47.30%	64.70%	30.30%	56.00%	50.50%	59.90%	42.10%	47.30%	49.40%	47.00%	47.00%	44.70%
	34.30%	48.80%	19.80%	40.70%	36.80%	44.90%	27.60%	38.10%	35.50%	35.10%	33.90%	32.00%
	9.60%	—	4.10%	—	7.80%	—	6.30%	—	—	—	—	—
	21.00%	18.90%	8.90%	21.80%	-1.20%	17.80%	9.90%	-3.60%	—	—	—	—
	12.50%	29.30%	-21.60%	29.90%	2.60%	50.90%	-10.60%	14.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	210.95	191.77	172.54	170.88	167.47	136.99
	11.45	11.85	11.89	12.38	5.45	4.78
	222.41	203.62	184.43	183.27	172.92	141.77
	119.13	111.71	107.68	109.92	110.05	91.29
	68.22	65.87	60.38	64.55	64.20	48.57
	0.00	0.00	0.00	—	—	—
	10.81	9.84	8.67	7.90	9.86	8.90
	0.14	0.09	0.18	0.09	0.12	0.05
	3.45	3.43	3.35	3.07	3.13	3.25
	36.82	33.56	34.32	18.88	18.67	17.50
	103.29	91.91	76.75	73.34	62.87	50.49
	-0.93	-0.93	0.00	—	—	—
	102.36	90.98	76.75	73.34	62.87	50.49
	25.46	22.61	18.07	17.76	15.53	11.92
	76.91	68.36	58.67	55.58	47.34	38.57
	63.39	56.26	48.28	45.74	38.95	30.66
Key metrics
	105.95	94.50	80.28	76.50	66.12	53.79
	50.23%	49.30%	46.50%	44.80%	39.50%	39.30%
	36.46%	35.60%	34.00%	32.50%	28.30%	28.20%
	—	28.00%	27.90%	—	—	—
	17.70%	11.10%	1.00%	2.00%	22.20%	—
	15.81%	16.50%	5.60%	17.40%	22.70%	—
	—	53.21	43.25	—	—	—
	—	0.81	0.80	—	—	—
	—	0.00	0.00	—	—	—
	—	-5.17	-2.43	—	—	—
	—	140.9	137.0	—	—	—
Balance sheet
	—	340.05	285.99	—	—	—
	—	90.27	77.26	—	—	—
	—	5.17	2.43	—	—	—
	—	20.34	21.99	—	—	—
	—	55.56	44.64	—	—	—
	—	1.07	1.32	—	—	—
	—	41.60	43.02	—	—	—
	—	1.83	1.83	—	—	—
	—	14.76	9.89	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	315.95	265.74	—	—	—
Cash flow
	—	55.20	47.05	—	—	—
	—	-34.04	-30.18	—	—	—
	—	-18.35	-15.99	—	—	—
	—	1.99	3.80	—	—	—

Compounded growth

Sales CAGR 3Y: +4.62%
Sales CAGR 5Y: —
Profit CAGR 3Y: +13.03%
Profit CAGR 5Y: —
Sales YoY (TTM): +17.70%
Profit YoY (TTM): +15.81%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 71.70%

Quarter	September 2026	June 2026
Promoter %	71.70%	71.70%

Holder	Type	Holding	Previous	Change
MANOJ B GANDHI	Promoter Group	25.07%	25.07%	0.00%
MANHAR GORDHANDAS GANDHI	Promoter	12.58%	12.58%	0.00%
JAYESH M GANDHI	Promoter Group	8.73%	8.73%	0.00%
BHARTI M GANDHI	Promoter Group	5.43%	5.43%	0.00%
GOPI J GANDHI	Promoter Group	3.28%	3.28%	0.00%
JIGNA M.GANDHI	Promoter Group	3.12%	3.12%	0.00%
B M GANDHI INVESTMENT CO LLP	Promoter Group	2.60%	2.60%	0.00%
RAHUL JAYESH GANDHI	Promoter Group	2.50%	2.50%	0.00%
KARAN MANOJ GANDHI	Promoter Group	2.40%	2.40%	0.00%
GANDHI FINANCE CO LLP	Promoter Group	2.37%	2.37%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY M	Public	2.31%	2.19%	+0.12%
KARISHMA VARUN KOTHARI	Promoter Group	1.66%	1.66%	0.00%
MANISH JAIN	Public	1.15%	1.16%	-0.01%
MANHAR G GANDHI (SMALL )HUF	Promoter Group	0.65%	0.65%	0.00%
GANDHI BHUPATRAI GORDHANDAS (SMALL)HUF	Promoter Group	0.62%	0.62%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
Gandhi Special Tubes Ltd. S	1,085	893.05	13.10	28.00%	+17.70% TTM	+15.81% TTM	+4.36%

Filings & corporate actions

Recent announcements

Unaudited Financial Result3 Nov 2026 · Result / Financial Results
Outcome of Board Meeting3 Nov 2026 · Board Meeting / Outcome of Board Meeting
Gandhi Special Tubes Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve unaudited financial results ....26 Oct 2026 · Board Meeting / Board Meeting
Newspaper Advertisement : Opening of Special Window for lodgement / re-lodgement of transfer of shares in physical form as per sebi Circular - Reminder 216 Oct 2026 · Company Update / Newspaper Publication
Certificate pursuant to Regualtion 74(5) of SEBI (DP) Regulation 20189 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Trading Window closure5 Oct 2026 · Insider Trading / SAST / Closure of Trading Window
Enclosed the clarification letter23 Sep 2026 · Company Update / General
The Exchange has sought clarification from Gandhi Special Tubes Ltd on September 23, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.23 Sep 2026 · Company Update / Clarification
Enclosed Certificate of Extinguishment17 Sep 2026 · Company Update / Closure of Buy Back
Post Buyback Public Advertisemen published in Business Standard English and Hindi All Edition and Nashakti11 Sep 2026 · Company Update / Newspaper Publication
Newspaper Publication for Dispatch of Letter of Offer and Tender Form26 Aug 2026 · Company Update / Newspaper Publication
The Copy of Letter of Offer and Tender Form in relation to the Buyback25 Aug 2026 · Company Update / General
Corrigedum to Public Announcement for Buyback of Equity Shares - Newspaper Publication25 Aug 2026 · Company Update / Newspaper Publication
Public Announcement of Buyback of Shares18 Aug 2026 · Company Update / Newspaper Publication
Shareholders Resolution for Buyback of equity Shares14 Aug 2026 · AGM/EGM / AGM
Newspaper Publication - Unaudited Financial results for Quarter 30 June 2026 publsihed in Free Press Journal and Navshakti14 Aug 2026 · Company Update / Newspaper Publication
The Buyback Committee consituted by the Board of Directors has fixed, Friday, 21 Augsut as the Record date for the purpose of deerming theentilement and names of the equity shareholder ....14 Aug 2026 · Corp. Action / Record Date
Scrutiniser Report and E- Votig Results14 Aug 2026 · AGM/EGM / AGM
Un Audited Financial Results and Limited Review Report12 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on Wednesday , 12 August 202612 Aug 2026 · Board Meeting / Outcome of Board Meeting
Proceedings of 41st Annual General Meeting held on Wenesday, 12 August 202612 Aug 2026 · AGM/EGM / AGM
Gandhi Special Tubes Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....4 Aug 2026 · Board Meeting / Board Meeting
Newspaper Publication for Dispatch of Notice of 41st AGM and Annual Report for FY 2025-202618 Jul 2026 · Company Update / Newspaper Publication
Dispatch of Letter to those shareholders whose email email ID are not registered with Company / RTA/ DPs, the Company has sent the Communication providing the weblinkto the Company''s Website ....17 Jul 2026 · Company Update / General
Notice convening the 41st Annual General Meeting (''''Notice'''') and Annual Report of the Company, for the financial year 2025-26, are being sent through electronic mode to all the members ....17 Jul 2026 · Others / Reg. 34 (1) Annual Report
Notice of the 41st Annual General Meeting for the Financial year 2025-2026 is attached17 Jul 2026 · AGM/EGM / AGM
Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 201813 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Trading window Closure is enclosed30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement for Audited Financial Results27 May 2026 · Company Update / Newspaper Publication
Inadvertently Selected wrong Regulation 30 A for appointment of Mr. Rohan Rana as General Manager - Plant head and Senior Management Personnel and Approval of Buyback Revised filling ....26 May 2026 · Company Update / General
Appointed Mr. Rohan Rana General Manager Plant head and Senior Management Personnel with effect from 1 June 202625 May 2026 · Others
Annual General General Meeting on 12 August 202625 May 2026 · AGM/EGM / AGM
Record Date for Dividend25 May 2026 · Corp. Action / Record Date
Board Approved Dividend Rs.15/- per Shares25 May 2026 · Corp. Action / Dividend
Appointment of Mr. Manoj Gandhi as Non Executive Non Independent Director25 May 2026 · Company Update / Change in Management
Board Approved Buyback25 May 2026 · Others
Audit Financial Results25 May 2026 · Result / Financial Results
Outcome Of Board Meeting25 May 2026 · Board Meeting / Outcome of Board Meeting
Gandhi Special Tubes Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/05/2026 ,inter alia, to consider and approve 1. To consider and approve ....20 May 2026 · Board Meeting / Board Meeting
Newspaper Advertisement - Transfer of Equity Shares to IEPF14 May 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Buy Back of Shares	21 Aug 2026	21 Aug 2026	—
Final Dividend - Rs. - 15.0000	5 Aug 2026	5 Aug 2026	—
Final Dividend - Rs. - 15.0000	4 Aug 2025	4 Aug 2025	—
Final Dividend - Rs. - 13.0000	5 Aug 2024	5 Aug 2024	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results