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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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. Jayesh M GandhiNon Executive Director
Ms. Bhavi Jatin KoradiaIndependent Director
Mr. Viral D DoshiIndependent Director
Mr. Hemal V ShahIndependent Director

Basic Stock Data of Gandhi Special Tubes Ltd

Last Updated: July 27, 2024, 1:47 pm

Market Cap 992 Cr.
Current Price 816
High / Low935/600
Stock P/E20.6
Book Value 183
Dividend Yield1.59 %
ROCE31.5 %
ROE23.8 %
Face Value 5.00
PEG Ratio1.05

Data Source: screener.in

Gandhi Special Tubes Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales36403337353244523735464441
Expenses21242023242127332522292826
Operating Profit15161314111117191213171616
OPM %42%41%41%37%32%33%38%37%32%37%37%36%38%
Other Income1122110222433
Interest0000000000000
Depreciation1111111111111
Profit before tax16171415111016201314201818
Tax %25%25%23%26%26%19%25%25%25%24%23%25%25%
Net Profit121311118812151010161313
EPS in Rs9.349.928.578.416.766.929.8412.647.878.6112.9810.9010.87

Last Updated: July 10, 2024, 12:54 pm

Gandhi Special Tubes Ltd Quarterly Chart

Gandhi Special Tubes Ltd Profit & Loss

Last Updated: July 10, 2024, 12:54 pm

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:7%
5 Years:7%
3 Years:15%
TTM:2%
Compounded Profit Growth
10 Years:14%
5 Years:5%
3 Years:10%
TTM:8%
Stock Price CAGR
10 Years:16%
5 Years:19%
3 Years:19%
1 Year:22%
Return on Equity
10 Years:19%
5 Years:22%
3 Years:24%
Last Year:24%

Last Updated: July 25, 2024, 5:03 am

Gandhi Special Tubes Ltd Balance Sheet

Last Updated: July 10, 2024, 12:54 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 271415292132311932424526
Cash from Investing Activity -18-4-1-14-513-1756-2022-7-37
Cash from Financing Activity -10-10-13-13-16-44-15-76-12-64-12-15
Net Cash Flow-1-10101-1-11-026-25

Gandhi Special Tubes Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days576750656162466682443942
Inventory Days234292300186288197231308204179138233
Days Payable1724131010161512171099
Cash Conversion Cycle273335337240339243262362269213168265
Working Capital Days1201561521201391071131681229272123
ROCE %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

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters72.99%73.37%73.53%73.53%73.52%73.52%73.52%73.52%73.52%73.52%73.52%73.52%
FIIs0.16%0.19%0.19%0.19%0.22%0.28%1.28%1.49%1.49%1.49%1.43%1.43%
DIIs0.01%0.02%0.02%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public26.84%26.42%26.27%26.27%26.26%26.19%25.20%24.98%24.99%24.99%25.05%25.06%
No. of Shareholders13,00910,28510,1509,9259,5729,6519,0199,45210,35411,10911,47911,609

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)45.7438.9530.6627.9815.93
Diluted EPS (Rs.)45.7438.9530.6627.9815.93
Cash EPS (Rs.)48.2741.5334.4130.5419.30
Book Value[Excl.RevalReserv]/Share (Rs.)183.33149.85121.11133.10113.46
Book Value[Incl.RevalReserv]/Share (Rs.)183.33149.85121.11133.10113.46
Dividend / Share (Rs.)13.0012.0010.009.009.00
Revenue From Operations / Share (Rs.)140.62137.82112.7387.8862.65
PBDIT / Share (Rs.)62.9654.4144.2639.4122.93
PBIT / Share (Rs.)60.4351.8341.5936.8620.18
PBT / Share (Rs.)60.3551.7341.5536.8220.15
Net Profit / Share (Rs.)45.7438.9531.7427.9816.54
PBDIT Margin (%)44.7739.4839.2644.8436.60
PBIT Margin (%)42.9737.6136.8941.9432.20
PBT Margin (%)42.9137.5336.8541.8932.15
Net Profit Margin (%)32.5228.2628.1531.8426.40
Return on Networth / Equity (%)24.9425.9926.2021.0214.58
Return on Capital Employeed (%)31.6132.9632.2426.2316.62
Return On Assets (%)22.9023.3923.1818.7813.21
Asset Turnover Ratio (%)0.760.900.760.640.42
Current Ratio (X)6.798.468.3310.8415.17
Quick Ratio (X)2.756.365.878.9210.05
Inventory Turnover Ratio (X)1.962.702.171.591.15
Dividend Payout Ratio (NP) (%)26.2325.6730.1432.1658.18
Dividend Payout Ratio (CP) (%)24.8624.0727.8029.4749.89
Earning Retention Ratio (%)73.7774.3369.8667.8441.82
Cash Earning Retention Ratio (%)75.1475.9372.2070.5350.11
Interest Coverage Ratio (X)807.05536.271007.231032.72701.99
Interest Coverage Ratio (Post Tax) (X)587.28384.92723.21734.31507.46
Enterprise Value (Cr.)889.97568.08422.14340.80262.72
EV / Net Operating Revenue (X)5.213.393.083.003.25
EV / EBITDA (X)11.638.597.856.698.87
MarketCap / Net Operating Revenue (X)5.233.563.103.033.27
Retention Ratios (%)73.7674.3269.8567.8341.81
Price / BV (X)4.013.272.882.001.81
Price / Net Operating Revenue (X)5.233.563.103.033.27
EarningsYield0.060.070.090.100.08

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

Fair Value: 911.48

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 11.70% compared to the current price 816

Intrinsic Value: 1,089.51

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 33.52% compared to the current price 816

Last 5 Year EPS CAGR: 19.53%

*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 20.58%, which is a positive sign.
  2. The company has higher reserves (165.58 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 has a high average Working Capital Days of 123.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 275.50, which may not be favorable.

FAQ

What is the latest fair value of Gandhi Special Tubes Ltd?

The latest fair value of Gandhi Special Tubes Ltd is ₹911.48.

What is the Market Cap of Gandhi Special Tubes Ltd?

The Market Cap of Gandhi Special Tubes Ltd is 992 Cr..

What is the current Stock Price of Gandhi Special Tubes Ltd as on 27 July 2024?

The current stock price of Gandhi Special Tubes Ltd as on 27 July 2024 is 816.

What is the High / Low of Gandhi Special Tubes Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gandhi Special Tubes Ltd stocks is 935/600.

What is the Stock P/E of Gandhi Special Tubes Ltd?

The Stock P/E of Gandhi Special Tubes Ltd is 20.6.

What is the Book Value of Gandhi Special Tubes Ltd?

The Book Value of Gandhi Special Tubes Ltd is 183.

What is the Dividend Yield of Gandhi Special Tubes Ltd?

The Dividend Yield of Gandhi Special Tubes Ltd is 1.59 %.

What is the ROCE of Gandhi Special Tubes Ltd?

The ROCE of Gandhi Special Tubes Ltd is 31.5 %.

What is the ROE of Gandhi Special Tubes Ltd?

The ROE of Gandhi Special Tubes Ltd is 23.8 %.

What is the Face Value of Gandhi Special Tubes Ltd?

The Face Value of Gandhi Special Tubes Ltd is 5.00.

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