GANDHITUBE

Gandhi Special Tubes share price & financials

Price
₹865.25
Market cap
₹1.1k Cr
Sector
Capital Goods

What Gandhi Special Tubes Limited does

Gandhi Special Tubes Limited (GSTL) manufactures tailor-made seamless steel tubes, high-pressure tubes, welded tubes and cold-formed coupling nuts, supplied mainly to Original Equipment Manufacturers in the automotive and commercial-vehicle, hydraulic-systems, farm-equipment and general-engineering industries. It operates what it describes as India's only integrated facility for small-diameter cold-drawn seamless steel tubes, located at Halol, Gujarat, and has held OEM relationships spanning over three decades. The company also runs captive renewable-energy assets (rooftop solar and windmills) alongside its manufacturing operations.

Segments

  • Seamless steel tubes
  • Welded tubes
  • Cold-formed coupling nuts
Manufacturing facility
1 integrated plant at Halol, Panchmahal district, Gujarat
Installed capacity (seamless steel tubes)
24 million metres/year
Employees
385 (incl. contractual, FY25)
Captive renewable power
2 MW rooftop solar + windmills of 5.35 MW total capacity (Gujarat)
Product lines
Seamless steel tubes, high-pressure tubes, welded tubes, cold-formed coupling nuts
Years in tube manufacturing
40+ years (incorporated 1985)
Founded 1985Headquarters Mumbai, MaharashtraEmployees 385 (FY25) Company website

Quarterly results

Q1 FY27: revenue up 18.8%, net profit up 27.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue49 40 43 48 48 −2%48 +20%47 +9%57 +19%
EBITDA20 17 16 21 21 +5%22 +29%19 +19%27 +29%
Net profit17 15 12 22 18 +6%20 +33%9 −25%28 +27%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −6.4% 1Y

₹700₹800₹900Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹948.6 on 10 Sept 2025 → ₹887.75. High ₹975.7 (16 Sept 2025), low ₹697.55 (27 Jan 2026).

Financials, as filed

Revenue grew 4.4% a year over 3 years, FY23 to FY26. Operating margin widened to 43.5%.

Year endingFY23FY24FY25FY26
Revenue₹168 Cr₹170 Cr₹173 Cr₹191 Cr
Operating profit₹61 Cr₹65 Cr₹69 Cr₹83 Cr
Operating margin36.4%38.2%39.9%43.5%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹4 Cr₹4 Cr₹4 Cr₹4 Cr
Net profit₹47 Cr₹55 Cr₹58 Cr₹69 Cr
Net margin28.3%32.4%33.5%36.1%
Cash from operations₹45 Cr₹26 Cr₹47 Cr₹55 Cr
Free cash flow₹44 Cr₹25 Cr₹43 Cr₹53 Cr
ROCE36.0%32.0%28.0%28.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr
Reserves₹165 Cr₹141 Cr₹176 Cr₹217 Cr₹281 Cr₹310 Cr
Borrowings₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other liabilities₹20 Cr₹19 Cr₹20 Cr₹20 Cr₹25 Cr₹24 Cr
Total liabilities₹192 Cr₹166 Cr₹202 Cr₹243 Cr₹312 Cr₹340 Cr
Fixed assets₹45 Cr₹47 Cr₹44 Cr₹43 Cr₹42 Cr₹42 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹94 Cr₹73 Cr₹85 Cr₹132 Cr₹188 Cr₹213 Cr
Other assets₹53 Cr₹47 Cr₹73 Cr₹68 Cr₹81 Cr₹85 Cr
Total assets₹192 Cr₹166 Cr₹202 Cr₹243 Cr₹312 Cr₹340 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +0.18 pp while FIIs trimmed −0.17 pp. The shareholder count grew 21% to 13,841.

Promoters
73.5%
FIIs
1.2%
DIIs
0.1%
Public
25.2%

Since Jun 2025

  • Public +0.18 pp
  • FIIs −0.17 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.5%, FIIs 1.5%, Public 25.0%.Dec '23: Promoters 73.5%, FIIs 1.5%, Public 25.0%.Mar '24: Promoters 73.5%, FIIs 1.4%, Public 25.1%.Jun '24: Promoters 73.5%, FIIs 1.4%, Public 25.1%.Sep '24: Promoters 73.5%, FIIs 1.4%, Public 25.0%.Dec '24: Promoters 73.5%, FIIs 1.4%, DIIs 0.0%, Public 25.0%.Mar '25: Promoters 73.5%, FIIs 1.4%, DIIs 0.0%, Public 25.0%.Jun '25: Promoters 73.5%, FIIs 1.4%, DIIs 0.1%, Public 25.0%.Sep '25: Promoters 73.5%, FIIs 1.2%, DIIs 0.1%, Public 25.2%.Dec '25: Promoters 73.5%, FIIs 1.2%, DIIs 0.1%, Public 25.2%.Mar '26: Promoters 73.5%, FIIs 1.2%, DIIs 0.1%, Public 25.2%.Jun '26: Promoters 73.5%, FIIs 1.2%, DIIs 0.1%, Public 25.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Gandhi Special Tubes Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Manoj B Gandhi 24.85%unchanged
Manhar Gordhandas Gandhi 12.46%unchanged
Jayesh M Gandhi 8.65%unchanged
Bharti M Gandhi 5.38%unchanged
B.M. Gandhi Investment Co. LLP 3.63%unchanged
Gandhi Finance Co. LLP 3.31%unchanged
Gopi J Gandhi 3.25%unchanged
Jigna M.Gandhi 3.09%unchanged
Rahul Jayesh Gandhi 2.47%unchanged
Karan Manoj Gandhi 2.38%unchanged
Investor Education And Protection Fund Authority M 2.05%unchanged
Karishma Varun Kothari 1.64%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹888, this stock must grow earnings at 8% every year for 7 years. Our analysis caps realistic growth at ~13%. At that growth it is worth ₹1144 — upside of 29%.

Growth the price implies
8.3% a year
for 7 years, fading to 4%
It has actually compounded at
13.3% a year
net profit, FY23–FY26 · EPS 13.0%
The gap
-0.0 pp
29% downside if it only repeats history
Price today ₹887.75 Value at the reference growth ₹1,143.73

Change the assumptions yourself →

Learn to analyse Gandhi Special Tubes Limited

Guides on how to read this kind of business and the numbers that matter.