Gandhi SPL. Tubes Ltd

NSE: GANDHITUBE · Iron & Steel Products · sector

₹834.15NSE close 2026-10-26

Key numbers

Market cap₹1,014 cr

Price₹834.15

52w high / low₹1,047 / ₹681

P/E13.6xSector median 15.5x

P/B3.2xSector median 1.7x

Book value₹260.0

Dividend yield1.80%Sector median 0.60%

ROE25.7%Sector median 11.1%

ROCE31.4%Sector median 11.9%

OPM44.1%Sector median 6.7%

Debt / equity0.00xSector median 0.21x

EV/EBITDA11.3xSector median 11.8x

Interest cover1,064.7x

Current ratio6.11x

Sales growth 3y+4.6%Sector median +2.1%

Profit growth 3y+13.0%Sector median +13.0%

PEG1.04x

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹13 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
Operating profit covered interest 1,064.7x in the last 12 months.
No promoter shares are pledged.
Promoter holding fell by 1.83 percentage points in a year, to 71.70% (2026-09-30).
Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 19% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹834.15 on 2026-10-26: -20.3% from the 52-week high, +22.5% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹979.10 · low ₹620.45

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	49	40	43	48	48	48	47	57
EBITDA	20	17	16	21	21	21	20	27
OPM %	40.8%	42.1%	37.0%	43.2%	43.8%	43.6%	41.8%	46.6%
Other income	4	2	2	8	3	6	-5	10
Net profit	17	15	12	22	18	20	9	28
EPS (₹)	14.19	12.48	9.83	17.78	14.56	16.21	7.71	22.99
Revenue YoY					-1.2%	+21.8%	+9.0%	+18.9%
Profit YoY					+2.6%	+29.9%	-21.7%	+29.3%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	137	167	171	173	192	201
EBITDA	49	61	64	68	83	89
Net profit	39	47	56	59	68	75
EPS (₹)	30.66	38.95	45.74	48.28	56.26	61.47
Revenue growth		+22.2%	+2.0%	+1.0%	+11.1%	+11.7%
Profit growth		+22.7%	+17.4%	+5.6%	+16.5%	+13.2%
Dividend / share (₹)	9.00	10.00	12.00	13.00	15.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+4.6%	+11.1%	+11.7%
Net profit	+13.0%	+13.6%	+13.2%
EPS	+13.0%	+15.0%	–
Share price	–	+9.2% (2y)	-5.6%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	182	223	266	316
Borrowings	–	0	0	0	0
Cash & equivalents	–	51	7	9	13
Total assets	–	202	243	286	340
Fixed assets	–	44	43	43	42
Capital work in progress	–	0	0	0	0
Investments	–	62	128	165	207
Receivables	–	18	20	22	20
Inventory	–	24	42	45	56
Payables	–	2	2	2	2

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	41	45	26	47	55
Cash from investing	22	-7	-37	-30	-34
Cash from financing	-64	-12	-15	-16	-18
Capex	4	1	4	4	2
Free cash flow	38	44	23	43	53

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	26.0%	24.9%	22.1%	21.6%
ROCE %	–	34.6%	33.0%	28.9%	28.8%
Debtor days	–	39	42	47	39
Inventory days	–	138	233	266	313
Payable days	–	9	9	11	10
Cash conversion cycle (days)	–	168	266	302	342
Working capital days	–	184	129	143	144

Shareholding

Holder	% (2026-09-30)
Promoters	71.70%
FIIs	1.21%
DIIs	0.02%
Public (non-institutions)	27.07%

Quarter	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	Sep 2026
Promoters %	73.53%	73.53%	73.53%	73.53%	73.53%	73.53%	71.70%	71.70%

Promoter group	%
Manoj B Gandhi	25.07%
Manhar Gordhandas Gandhi	12.58%
Jayesh M Gandhi	8.73%
Bharti M Gandhi	5.43%
Gopi J Gandhi	3.28%
Jigna M.gandhi	3.12%
B M Gandhi Investment Co LLP	2.60%
Rahul Jayesh Gandhi	2.50%
Karan Manoj Gandhi	2.40%
Gandhi Finance Co LLP	2.37%
Karishma Varun Kothari	1.66%
Manhar G Gandhi (Small )HUF	0.65%
Gandhi Bhupatrai Gordhandas (Small)huf	0.62%
Jigna Nilesh Mehta	0.33%
Bina Tushar Shah	0.29%

Public holders above 1%	%
Investor Education and Protection Fund Authority M	2.31%
Manish Jain	1.15%

12,728 shareholders. Pledged: 0.00% of promoter shares.

Peers in Iron & Steel Products

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
WELCORP	₹61,798 cr	26.7x	6.8x	27.8%	19.2%	13.9%	+19.8%	0.21%
APLAPOLLO	₹57,703 cr	46.9x	10.9x	25.9%	30.1%	8.0%	+12.6%	0.28%
SHYAMMETL	₹31,351 cr	28.0x	2.7x	7.8%	14.2%	12.9%	+13.7%	0.36%
RATNAMANI	₹16,345 cr	37.8x	4.0x	11.2%	15.7%	16.7%	+0.1%	0.60%
JINDALSAW	₹14,824 cr	26.9x	1.2x	4.4%	7.2%	9.5%	+0.1%	0.86%
USHAMART	₹14,192 cr	27.9x	4.3x	16.8%	20.1%	19.6%	+4.1%	0.64%
GALLANTT	₹12,989 cr	31.9x	3.7x	12.4%	14.2%	13.8%	+3.1%	0.08%
GPIL	₹11,769 cr	14.6x	2.0x	15.1%	18.7%	21.4%	-2.2%	0.54%
JAYNECOIND	₹8,607 cr	12.5x	2.6x	23.4%	25.6%	18.9%	+4.0%	–
GANDHITUBE	₹1,014 cr	13.6x	3.2x	25.7%	31.4%	44.1%	+4.6%	1.80%

All 118 companies in Iron & Steel Products →

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-21	Buyback	Buy Back
2026-08-05	Dividend	Dividend - Rs 15 Per Share
2025-08-04	Dividend	Dividend - Rs 15 Per Share
2024-08-05	Dividend	Dividend - Rs 13 Per Share
2023-07-28	Dividend	Dividend - Rs 12 Per Share
2022-06-30	Dividend	Annual General Meeting/Dividend - Rs 10 Per Share
2021-08-30	Buyback	Buy Back
2021-07-29	Dividend	Annual General Meeting/Dividend - Rs 9 Per Share
2020-09-10	Dividend	Annual General Meeting/Dividend - Rs 9 Per Share
2019-08-14	Buyback	Buyback
2019-07-11	Dividend	Annual General Meeting/Dividend - Rs 9 Per Share
2018-08-02	Dividend	Annual General Meeting/Dividend- Rs 9 Per Share
2018-02-08	Buyback	Buyback
2017-07-07	Other	Annual General Meeting
2017-02-02	Dividend	Interim Dividend Rs 9/- Per Share (Purpose Revised)
2016-07-25	Other	Annual General Meeting
2016-01-28	Dividend	Interim Dividend Rs 7.50 Per Share (Purpose Revised)
2015-07-24	Other	Annual General Meeting
2015-02-02	Dividend	Interim Dividend - Rs 7.50/- Per Share (Purpose Revised)
2014-07-21	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company


Sector	Industrials
Industry	Iron & Steel Products
Sub-industry	Iron & Steel Products
Symbol	GANDHITUBE
BSE code	513108
ISIN	INE524B01027
Face value	₹5.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.