Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Gandhi Special Tubes Ltd

About the Company - Gandhi Special Tubes Ltd

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. 136.99 Cr. and Equity Capital is Rs. 6.08 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Tubes/Pipes201-204 Plaza, 2nd Floor, 55 Hughes Road, Mumbai Maharashtra 400007complianceofficer@gandhitubes.com
http://www.gandhitubes.com
Management
NamePosition Held
Mr. Manhar G GandhiChairman & Managing Director
Mr. Bhupatrai G GandhiNon Executive Director
Mr. Kavas N WardenIndependent Director
Mr. Dharmen B ShahIndependent Director
Mr. Jayesh M GandhiNon Executive Director
Ms. Bhavi Jatin KoradiaIndependent Director

Gandhi Special Tubes Ltd. Share Price Update

Share PriceValue
Today₹806.65
Previous Day₹831.30

Basic Stock Data of Gandhi Special Tubes Ltd

Market Cap 980 Cr.
Current Price 806
High / Low935/465
Stock P/E18.6
Book Value 162
Dividend Yield1.49 %
ROCE36.0 %
ROE27.0 %
Face Value 5.00

Data Source: screener.in

Gandhi Special Tubes Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales26364033373532445237354644
Expenses15212420232421273325222928
Operating Profit10151613141111171912131716
OPM %40%42%41%41%37%32%33%38%37%32%37%37%36%
Other Income2112211022243
Interest0000000000000
Depreciation1111111111111
Profit before tax11161714151110162013142018
Tax %26%25%25%23%26%26%19%25%25%25%24%23%25%
Net Profit81213111188121510101613
EPS in Rs6.309.349.928.578.416.766.929.8412.647.878.6112.9810.90

Gandhi Special Tubes Ltd Quarterly Chart

Gandhi Special Tubes Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales107968492919811412381114137167162
Expenses6763576964657377576988107104
Operating Profit40322623273341462445496157
OPM %38%34%31%25%30%34%36%37%30%39%36%36%36%
Other Income638431088665510
Interest0000000000000
Depreciation5455544443333
Profit before tax42312923253845502648506364
Tax %28%28%41%31%26%19%26%22%18%24%24%25%
Net Profit30221716193134392136394749
EPS in Rs20.2915.0111.7810.7512.6220.9624.2927.9616.5427.9831.7438.9640.36
Dividend Payout %30%40%64%70%59%43%37%32%54%32%32%31%

Gandhi Special Tubes Ltd Profit & Loss Yearly Chart

Gandhi Special Tubes Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:27%
TTM:1%
Compounded Profit Growth
10 Years:7%
5 Years:6%
3 Years:28%
TTM:16%
Stock Price CAGR
10 Years:21%
5 Years:18%
3 Years:45%
1 Year:60%
Return on Equity
10 Years:17%
5 Years:21%
3 Years:24%
Last Year:27%

Gandhi Special Tubes Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7777777766666
Reserves131143150153158180170194140165141176191
Borrowings0000000000000
Other Liabilities12131514151820201520192021
Total Liabilities151164172174180206197221162192166202218
Fixed Assets36526463595551514845474444
CWIP1400000000000
Investments6861646582104991206994738590
Other Assets47474546404647504453477385
Total Assets151164172174180206197221162192166202218

Gandhi Special Tubes Ltd Reserves and Borrowings Chart

Gandhi Special Tubes Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 272714152921323119324245
Cash from Investing Activity -15-18-4-1-14-513-1756-2022-7
Cash from Financing Activity -10-10-10-13-13-16-44-15-76-12-64-12
Net Cash Flow2-1-10101-1-11-026

Gandhi Special Tubes Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days565767506561624666824439
Inventory Days221234292300186288197231308204179138
Days Payable20172413101016151217109
Cash Conversion Cycle257273335337240339243262362269213168
Working Capital Days1171201561521201391071131681229272
ROCE %31%21%15%13%15%21%25%26%15%30%30%36%

Gandhi Special Tubes Ltd Financial Efficiency Indicators Chart

Gandhi Special Tubes Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters73.39%73.39%73.39%72.99%73.37%73.53%73.53%73.52%73.52%73.52%73.52%73.52%
FIIs1.26%0.70%0.01%0.16%0.19%0.19%0.19%0.22%0.28%1.28%1.49%1.49%
DIIs0.01%0.00%0.01%0.01%0.02%0.02%0.02%0.00%0.00%0.00%0.00%0.00%
Public25.34%25.91%26.60%26.84%26.42%26.27%26.27%26.26%26.19%25.20%24.98%24.99%
No. of Shareholders7,7578,17211,19413,00910,28510,1509,9259,5729,6519,0199,45210,354

Gandhi Special Tubes Ltd Shareholding Pattern Chart

No. of Gandhi Special Tubes Ltd Shareholders

This stock is not held by any mutual fund

Gandhi Special Tubes Ltd ROCE Trend

Gandhi Special Tubes Ltd EPS Trend

Gandhi Special Tubes Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)38.9530.6627.9815.9327.96
Diluted EPS (Rs.)38.9530.6627.9815.9327.96
Cash EPS (Rs.)41.5334.4130.5419.3030.63
Book Value[Excl.RevalReserv]/Share (Rs.)149.85121.11133.10113.46145.49
Book Value[Incl.RevalReserv]/Share (Rs.)149.85121.11133.10113.46145.49
Dividend / Share (Rs.)12.0010.009.009.009.00
Revenue From Operations / Share (Rs.)137.82112.7387.8862.6588.94
PBDIT / Share (Rs.)54.4144.2639.4122.9338.67
PBIT / Share (Rs.)51.8341.5936.8620.1836.00
PBT / Share (Rs.)51.7341.5536.8220.1536.00
Net Profit / Share (Rs.)38.9531.7427.9816.5427.96
PBDIT Margin (%)39.4839.2644.8436.6043.48
PBIT Margin (%)37.6136.8941.9432.2040.48
PBT Margin (%)37.5336.8541.8932.1540.48
Net Profit Margin (%)28.2628.1531.8426.4031.43
Return on Networth / Equity (%)25.9926.2021.0214.5819.21
Return on Capital Employeed (%)32.9632.2426.2316.6223.39
Return On Assets (%)23.3923.1818.7813.2117.49
Asset Turnover Ratio (%)0.900.760.640.420.58
Current Ratio (X)8.468.3310.8415.1711.89
Quick Ratio (X)6.365.878.9210.058.58
Inventory Turnover Ratio (X)2.702.171.591.151.86
Dividend Payout Ratio (NP) (%)25.6730.1432.1658.1838.81
Dividend Payout Ratio (CP) (%)24.0727.8029.4749.8935.42
Earning Retention Ratio (%)74.3369.8667.8441.8261.19
Cash Earning Retention Ratio (%)75.9372.2070.5350.1164.58
Interest Coverage Ratio (X)536.271007.231032.72701.990.00
Interest Coverage Ratio (Post Tax) (X)384.92723.21734.31507.460.00
Enterprise Value (Cr.)568.08422.14340.80262.72475.99
EV / Net Operating Revenue (X)3.393.083.003.253.87
EV / EBITDA (X)8.597.856.698.878.91
MarketCap / Net Operating Revenue (X)3.563.103.033.273.90
Retention Ratios (%)74.3269.8567.8341.8161.18
Price / BV (X)3.272.882.001.812.38
Price / Net Operating Revenue (X)3.563.103.033.273.90
EarningsYield0.070.090.100.080.08

Gandhi Special Tubes Ltd Profitability Ratios (%)

Gandhi Special Tubes Ltd Liquidity Ratios

Gandhi Special Tubes Ltd Liquidity Ratios (%)

Gandhi Special Tubes Ltd Interest Coverage Ratios (%)

Gandhi Special Tubes Ltd Valuation Ratios

Fair Value of Gandhi Special Tubes Ltd Stock

Fair Value: ₹825.69

The stock is undervalued by 2.44% compared to the current price ₹806

*Investments are subject to market risks

Strength and Weakness of Gandhi Special Tubes Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.17%, which is a positive sign.
  2. The company has higher reserves (160.92 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (112.77 cr) and profit (41.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 39.94 and average Dividend Yield of 37.82%.
  2. The stock has a high average Working Capital Days of 123.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 274.83, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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