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Last Updated: April 2, 2026, 2:55 am
Author: Getaka|Social: XLinkedIn

Gandhi Special Tubes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹553.28Overvalued by 31.52%vs CMP ₹808.00

P/E (13.7) × ROE (21.0%) × BV (₹236.00) × DY (1.86%)

₹562.52Overvalued by 30.38%vs CMP ₹808.00
MoS: -43.6% (Negative)Confidence: 66/100 (Moderate)Models: 1 Under, 9 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹625.0020%Over (-22.6%)
Graham NumberEarnings₹556.7714%Over (-31.1%)
Earnings PowerEarnings₹377.1212%Over (-53.3%)
DCFCash Flow₹1,092.3412%Under (+35.2%)
Net Asset ValueAssets₹236.156%Over (-70.8%)
EV/EBITDAEnterprise₹467.368%Over (-42.2%)
Dividend DiscountDividends₹495.008%Over (-38.7%)
Earnings YieldEarnings₹583.806%Over (-27.7%)
ROCE CapitalReturns₹516.188%Over (-36.1%)
Revenue MultipleRevenue₹213.525%Over (-73.6%)
Consensus (10 models)₹562.52100%Overvalued
Key Drivers: Wide model spread (₹214–₹1,092) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.0%

*Investments are subject to market risks

Investment Snapshot

72
Gandhi Special Tubes Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 27.5% ExcellentROE 21.0% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 73.5% Stable
Earnings Quality55/100 · Moderate
OPM expanding (36% → 39%) ImprovingWorking capital: 124 days Capital intensive
Quarterly Momentum68/100 · Strong
Revenue (4Q): +5% YoY GrowingProfit (4Q): +18% YoY Positive
Industry Rank90/100 · Strong
P/E 13.7 vs industry 40.7 Cheaper than peersROCE 27.5% vs industry 15.3% Above peersROE 21.0% vs industry 11.7% Above peers3Y sales CAGR: 8% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:55 am

Market Cap 982 Cr.
Current Price 808
Intrinsic Value₹562.52
High / Low 1,034/607
Stock P/E13.7
Book Value 236
Dividend Yield1.86 %
ROCE27.5 %
ROE21.0 %
Face Value 5.00
PEG Ratio1.06

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Gandhi Special Tubes Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Gandhi Special Tubes Ltd 982 Cr. 808 1,034/60713.7 2361.86 %27.5 %21.0 % 5.00
Hariom Pipe Industries Ltd 942 Cr. 304 572/27315.0 1950.20 %14.1 %11.9 % 10.0
Rama Steel Tubes Ltd 653 Cr. 3.99 14.9/3.4341.5 2.850.00 %6.75 %4.62 % 1.00
Hi-Tech Pipes Ltd 1,549 Cr. 76.3 128/70.124.0 60.20.03 %11.3 %7.47 % 1.00
Surani Steel Tubes Ltd 169 Cr. 109 139/47.356.8 79.70.00 %1.91 %1.12 % 10.0
Industry Average9,873.50 Cr511.9240.74163.020.44%15.34%11.65%4.69

All Competitor Stocks of Gandhi Special Tubes Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 52373546444139414940434848
Expenses 33252229282624252923272727
Operating Profit 19121317161616162017162121
OPM % 37%32%37%37%36%38%40%39%41%42%37%43%44%
Other Income 2224333342283
Interest 0000000000000
Depreciation 1111111111111
Profit before tax 20131420181818182318172823
Tax % 25%25%24%23%25%25%25%22%25%15%31%23%24%
Net Profit 15101016131313141715122218
EPS in Rs 12.647.878.6112.9810.9010.8710.9911.7814.2012.489.8317.7814.56

Last Updated: January 1, 2026, 5:35 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 3:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8492919811412381114137167171173188
Expenses 576964657377576988107107104108
Operating Profit 26232733414624454961646880
OPM % 31%25%30%34%36%37%30%39%36%36%38%40%43%
Other Income 84310886655121218
Interest 0000000000000
Depreciation 5554444333333
Profit before tax 29232538455026485063737795
Tax % 41%31%26%19%26%22%18%24%24%25%24%24%
Net Profit 17161931343921363947565971
EPS in Rs 11.7810.7512.6220.9624.2927.9616.5427.9831.7438.9645.7448.2858.38
Dividend Payout % 64%70%59%43%37%32%54%32%32%31%28%31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-5.88%18.75%63.16%9.68%14.71%-46.15%71.43%8.33%20.51%19.15%5.36%
Change in YoY Net Profit Growth (%)0.00%24.63%44.41%-53.48%5.03%-60.86%117.58%-63.10%12.18%-1.36%-13.79%

Gandhi Special Tubes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:16%
3 Years:8%
TTM:9%
Compounded Profit Growth
10 Years:14%
5 Years:19%
3 Years:13%
TTM:22%
Stock Price CAGR
10 Years:14%
5 Years:34%
3 Years:32%
1 Year:23%
Return on Equity
10 Years:20%
5 Years:23%
3 Years:24%
Last Year:21%

Last Updated: September 5, 2025, 4:25 am

Balance Sheet

Last Updated: January 7, 2026, 3:41 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7777776666666
Reserves 150153158180170194140165141176217260281
Borrowings 0000000000000
Other Liabilities 15141518202015201920202025
Total Liabilities 172174180206197221162192166202243286312
Fixed Assets 64635955515148454744434342
CWIP 0000000000000
Investments 6465821049912069947385132170188
Other Assets 45464046475044534773687381
Total Assets 172174180206197221162192166202243286312

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 141529213231193242452647
Cash from Investing Activity + -4-1-14-513-1756-2022-7-37-30
Cash from Financing Activity + -10-13-13-16-44-15-76-12-64-12-15-16
Net Cash Flow -10101-1-11-026-251
Free Cash Flow 41128203227183138442543
CFO/OP 78%95%134%81%109%91%107%97%110%100%66%96%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow26.0023.0027.0033.0041.0046.0024.0045.0049.0061.0064.0068.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 675065616246668244394247
Inventory Days 292300186288197231308204179138233266
Days Payable 2413101016151217109911
Cash Conversion Cycle 335337240339243262362269213168265302
Working Capital Days 1561521201391071131681229272115124
ROCE %15%13%15%21%25%26%15%30%30%36%32%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%
FIIs 1.28%1.49%1.49%1.49%1.43%1.43%1.42%1.42%1.41%1.40%1.23%1.23%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.04%0.05%0.05%0.09%
Public 25.20%24.98%24.99%24.99%25.05%25.06%25.04%25.02%25.02%25.02%25.19%25.17%
No. of Shareholders 9,0199,45210,35411,10911,47911,60911,64511,50711,62611,47512,11312,017

Shareholding Pattern Chart

No. of Shareholders

Gandhi Special Tubes Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 48.2845.7438.9530.6627.98
Diluted EPS (Rs.) 48.2845.7438.9530.6627.98
Cash EPS (Rs.) 51.0448.2741.5334.4130.54
Book Value[Excl.RevalReserv]/Share (Rs.) 218.68183.33149.85121.11133.10
Book Value[Incl.RevalReserv]/Share (Rs.) 218.68183.33149.85121.11133.10
Dividend / Share (Rs.) 15.0013.0012.0010.009.00
Revenue From Operations / Share (Rs.) 141.98140.62137.82112.7387.88
PBDIT / Share (Rs.) 66.0662.9654.4144.2639.41
PBIT / Share (Rs.) 63.3060.4351.8341.5936.86
PBT / Share (Rs.) 63.1660.3551.7341.5536.82
Net Profit / Share (Rs.) 48.2845.7438.9531.7427.98
PBDIT Margin (%) 46.5244.7739.4839.2644.84
PBIT Margin (%) 44.5842.9737.6136.8941.94
PBT Margin (%) 44.4842.9137.5336.8541.89
Net Profit Margin (%) 34.0032.5228.2628.1531.84
Return on Networth / Equity (%) 22.0724.9425.9926.2021.02
Return on Capital Employeed (%) 27.8631.6132.9632.2426.23
Return On Assets (%) 20.5122.9023.3923.1818.78
Asset Turnover Ratio (%) 0.650.760.900.760.64
Current Ratio (X) 7.816.798.468.3310.84
Quick Ratio (X) 3.302.756.365.878.92
Inventory Turnover Ratio (X) 3.985.202.702.171.59
Dividend Payout Ratio (NP) (%) 26.9226.2325.6730.1432.16
Dividend Payout Ratio (CP) (%) 25.4624.8624.0727.8029.47
Earning Retention Ratio (%) 73.0873.7774.3369.8667.84
Cash Earning Retention Ratio (%) 74.5475.1475.9372.2070.53
Interest Coverage Ratio (X) 449.98807.05536.271007.231032.72
Interest Coverage Ratio (Post Tax) (X) 329.89587.28384.92723.21734.31
Enterprise Value (Cr.) 786.72889.97568.08422.14340.80
EV / Net Operating Revenue (X) 4.565.213.393.083.00
EV / EBITDA (X) 9.8011.638.597.856.69
MarketCap / Net Operating Revenue (X) 4.585.233.563.103.03
Retention Ratios (%) 73.0773.7674.3269.8567.83
Price / BV (X) 2.974.013.272.882.00
Price / Net Operating Revenue (X) 4.585.233.563.103.03
EarningsYield 0.070.060.070.090.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Gandhi Special Tubes Ltd. is a Public Limited Listed company incorporated on 22/04/1985 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L27104MH1985PLC036004 and registration number is 036004. Currently Company is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company's Total Operating Revenue is Rs. 172.54 Cr. and Equity Capital is Rs. 6.08 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Tubes/Pipes201-204 Plaza, 2nd Floor, 55 Hughes Road, Mumbai Maharashtra 400007Contact not found
Management
NamePosition Held
Mr. Manhar G GandhiChairman & Managing Director
Mr. Bhupatrai G GandhiNon Executive Director
Mr. Jayesh M GandhiNon Executive Director
Mrs. Ritika D ShahIndependent Director
Mr. Viral D DoshiIndependent Director
Mr. Hemal V ShahIndependent Director

FAQ

What is the intrinsic value of Gandhi Special Tubes Ltd and is it undervalued?

As of 15 April 2026, Gandhi Special Tubes Ltd's intrinsic value is ₹562.52, which is 30.38% lower than the current market price of ₹808.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.0 %), book value (₹236), dividend yield (1.86 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Gandhi Special Tubes Ltd?

Gandhi Special Tubes Ltd is trading at ₹808.00 as of 15 April 2026, with a FY2026-2027 high of ₹1,034 and low of ₹607. The stock is currently in the middle of its 52-week range. Market cap stands at ₹982 Cr..

How does Gandhi Special Tubes Ltd's P/E ratio compare to its industry?

Gandhi Special Tubes Ltd has a P/E ratio of 13.7, which is below the industry average of 40.74. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Gandhi Special Tubes Ltd financially healthy?

Key indicators for Gandhi Special Tubes Ltd: ROCE of 27.5 % indicates efficient capital utilization; ROE of 21.0 % shows strong shareholder returns. Dividend yield is 1.86 %.

Is Gandhi Special Tubes Ltd profitable and how is the profit trend?

Gandhi Special Tubes Ltd reported a net profit of ₹59 Cr in Mar 2025 on revenue of ₹173 Cr. Compared to ₹39 Cr in Mar 2022, the net profit shows an improving trend.

Does Gandhi Special Tubes Ltd pay dividends?

Gandhi Special Tubes Ltd has a dividend yield of 1.86 % at the current price of ₹808.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Gandhi Special Tubes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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