Is the Steel - Tubes/Pipes sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 9 of 15 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Steel - Tubes/Pipes Stocks in India
Steel - Tubes/Pipes: APL Apollo Tubes Ltd owns the largest revenue base; Sambhv Steel Tubes Ltd has the fastest current growth.
Nifty Steel - Tubes/Pipes Index — Constituents & Performance
The Steel - Tubes/Pipes companies below are the listed Indian Steel - Tubes/Pipes universe this page tracks — the same constituent set people search for as the Nifty Steel - Tubes/Pipes index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Steel - Tubes/Pipes moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 2% ahead of NIFTY 500. Earnings across its companies grew 2% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.
FADING · −5 in 4w~Moving with the index4 of 14 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑17w · 8/14 >200d (−2) · 4/14 lead (−5) · EPS 6/12↑
Steel - Tubes/Pipes, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
NarrowHow much of the sector is participating, how recently, and whether the movers score well.
Together4 of 14 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +9 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
0/3−1
Mid
3/5−2
Small
1/6−2
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 14 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Steel - Tubes/Pipes outperforming NIFTY 500?
The 52-week comparison of Steel - Tubes/Pipes against NIFTY 500 is not available from the current market series. 9 of 15 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. DEE Development Engineers Ltd is the strongest against the sector itself at +82.1%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
9/15Stocks leading NIFTY 500
5/14Stocks leading sector
Sector metric: 37.9 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 9 of 15 covered companies currently have positive Mansfield relative strength versus NIFTY 500. APL Apollo Tubes Ltd leads with revenue of ₹22,627 crore, based on 15 of 15 comparable companies through Mar 2026. Sambhv Steel Tubes Ltd has the fastest current revenue growth at 60.4%, across 15 of 15 comparable companies.
Which Steel - Tubes/Pipes company is largest by revenue?
APL Apollo Tubes Ltd leads with revenue of ₹22,627 crore, based on 15 of 15 comparable companies through Mar 2026.
Which Steel - Tubes/Pipes company is growing fastest?
Sambhv Steel Tubes Ltd has the fastest current revenue growth at 60.4%, across 15 of 15 comparable companies.
Which Steel - Tubes/Pipes company has the strongest 4-Factor Sector Score?
Sambhv Steel Tubes Ltd ranks first at 67.6/100 with 72.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Steel - Tubes/Pipes company reports the most CAPEX?
DEE Development Engineers Ltd reports the largest latest CAPEX at ₹45 crore, with 5 of 15 companies comparable.
Which Steel - Tubes/Pipes company has the least gross debt?
Gandhi Special Tubes Ltd has the lowest comparable gross debt at ₹0 crore. Goodluck India Ltd has the highest at ₹1,119 crore.
Which Steel - Tubes/Pipes company has the lowest comparable PEG?
Man Industries (India) Ltd has the lowest comparable Guarded PEG at 0.2, among 7 of 15 companies that pass the metric’s comparability rules.
How much history does this Steel - Tubes/Pipes comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
15
complete canonical membership
Combined market value
₹95.6K Cr
APL Apollo Tubes Ltd
Revenue growing
14/15
positive TTM year-on-year growth
Beating NIFTY 500
9/15
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Sambhv Steel Tubes Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 72.6% evidence confidence.
Maharashtra Seamless Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Venus Pipes & Tubes Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Sambhv Steel Tubes Ltd · SAMBHV
67.6/100 · Favorable setup · 73% evidence
Exact sum: 30.6 + 17 + 10 + 10 = 67.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30.6/35Growth & earnings
Revenue 60.4% · PAT 195.8% · OPM change 3 pp
88% evidence
17.0/25Capital efficiency
ROCE 19.4% · debt/equity 0.35×
100% evidence
10.0/20Valuation
P/E 23.6× · PEG —
15% evidence
10.0/20Relative strength
RS sector -4.3% · RS bench 8.2% · 1Y -6.1%
70% evidence
2. DEE Development Engineers Ltd · DEEDEV
64.5/100 · Mixed-positive evidence · 89% evidence
Exact sum: 23.8 + 8.3 + 12.4 + 20 = 64.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.8/35Growth & earnings
Revenue 38.2% · PAT 77.3% · OPM change -4 pp
88% evidence
8.3/25Capital efficiency
ROCE 10.9% · debt/equity 0.79×
100% evidence
12.4/20Valuation
P/E 57.4× · PEG 0.62
65% evidence
20.0/20Relative strength
RS sector 82.1% · RS bench 100.3% · 1Y 126.5%
100% evidence
3. Gandhi Special Tubes Ltd · GANDHITUBE
62.1/100 · Mixed-positive evidence · 83% evidence
Exact sum: 23 + 19.5 + 11.9 + 7.7 = 62.1
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23.0/35Growth & earnings
Revenue 11.2% · PAT 16.5% · OPM change 4.3 pp
83% evidence
19.5/25Capital efficiency
ROCE 28.4% · debt/equity 0×
95% evidence
11.9/20Valuation
P/E 18.2× · PEG —
50% evidence
7.7/20Relative strength
RS sector -9% · RS bench 3.2% · 1Y 18.4%
100% evidence
4. Venus Pipes & Tubes Ltd · VENUSPIPES
58.6/100 · Mixed-positive evidence · 96% evidence
Exact sum: 15.6 + 19.2 + 5.7 + 18.1 = 58.6
Decision use: Price leads the evidence: RS versus the benchmark is 31.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
15.6/35Growth & earnings
Revenue 21.8% · PAT 9.6% · OPM change 0 pp
88% evidence
19.2/25Capital efficiency
ROCE 22.5% · debt/equity 0.29×
100% evidence
5.7/20Valuation
P/E 34.4× · PEG 3.42
100% evidence
18.1/20Relative strength
RS sector 16.8% · RS bench 31.6% · 1Y 5.2%
100% evidence
5. Goodluck India Ltd · GOODLUCK
57.2/100 · Mixed-positive evidence · 96% evidence
Exact sum: 18.7 + 11.1 + 10.9 + 16.5 = 57.2
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.7/35Growth & earnings
Revenue 4.1% · PAT 10.2% · OPM change 2 pp
88% evidence
11.1/25Capital efficiency
ROCE 14.4% · debt/equity 0.75×
100% evidence
10.9/20Valuation
P/E 27.8× · PEG 0.51
100% evidence
16.5/20Relative strength
RS sector 14% · RS bench 28.7% · 1Y 35.7%
100% evidence
6. Welspun Specialty Solutions Ltd · WELSPLSOL
55.5/100 · Mixed-positive evidence · 74% evidence
Exact sum: 20.3 + 8.4 + 8.5 + 18.3 = 55.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.3/35Growth & earnings
Revenue 15.2% · PAT 100% · OPM change 3.3 pp
74% evidence
8.4/25Capital efficiency
ROCE 9.9% · debt/equity 0.08×
100% evidence
8.5/20Valuation
P/E 119× · PEG —
15% evidence
18.3/20Relative strength
RS sector 18.5% · RS bench 33.6% · 1Y 55.8%
100% evidence
7. APL Apollo Tubes Ltd · APLAPOLLO
54.4/100 · Mixed-positive evidence · 96% evidence
Exact sum: 24.5 + 20.9 + 6.5 + 2.5 = 54.4
Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -16.1% and the one-year return is 7.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
24.5/35Growth & earnings
Revenue 9.4% · PAT 58.9% · OPM change 0 pp
88% evidence
20.9/25Capital efficiency
ROCE 31.6% · debt/equity 0.09×
100% evidence
6.5/20Valuation
P/E 42.1× · PEG 6.12
100% evidence
2.5/20Relative strength
RS sector -16.1% · RS bench -4.2% · 1Y 7.7%
100% evidence
8. Man Industries (India) Ltd · MANINDS
53.8/100 · Mixed-positive evidence · 96% evidence
Exact sum: 16.9 + 13.6 + 12 + 11.3 = 53.8
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16.9/35Growth & earnings
Revenue 1.6% · PAT 11.8% · OPM change 2 pp
88% evidence
13.6/25Capital efficiency
ROCE 16.2% · debt/equity 0.3×
100% evidence
12.0/20Valuation
P/E 23.2× · PEG 0.2
100% evidence
11.3/20Relative strength
RS sector 5.4% · RS bench 18.6% · 1Y 21.2%
100% evidence
9. Hariom Pipe Industries Ltd · HARIOMPIPE
53.5/100 · Mixed-positive evidence · 70% evidence
Exact sum: 21.3 + 13.7 + 11.3 + 7.2 = 53.5
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21.3/35Growth & earnings
Revenue 22.8% · PAT 22.6% · OPM change 1 pp
83% evidence
13.7/25Capital efficiency
ROCE 15.7% · debt/equity 0.58×
95% evidence
11.3/20Valuation
P/E 16× · PEG —
15% evidence
7.2/20Relative strength
RS sector -14.3% · RS bench 0.6% · 1Y -13.5%
70% evidence
10. Scoda Tubes Ltd · SCODATUBES
47.3/100 · Mixed-negative evidence · 61% evidence
Exact sum: 13.9 + 14.8 + 10.4 + 8.2 = 47.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13.9/35Growth & earnings
Revenue 7% · PAT 22.3% · OPM change -0.6 pp
83% evidence
14.8/25Capital efficiency
ROCE 16.5% · debt/equity 0.48×
95% evidence
10.4/20Valuation
P/E 22.7× · PEG —
15% evidence
8.2/20Relative strength
RS sector — · RS bench -6.4% · 1Y -29.8%
25% evidence
11. JTL Industries Ltd · JTLIND
45.0/100 · Mixed-negative evidence · 96% evidence
Exact sum: 18.1 + 8.5 + 9.7 + 8.7 = 45
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18.1/35Growth & earnings
Revenue 11.5% · PAT 4% · OPM change 4 pp
88% evidence
8.5/25Capital efficiency
ROCE 9.6% · debt/equity 0.16×
100% evidence
9.7/20Valuation
P/E 28.2× · PEG 1.27
100% evidence
8.7/20Relative strength
RS sector -3.9% · RS bench 8.5% · 1Y 1.2%
100% evidence
12. Hi-Tech Pipes Ltd · HITECH
41.9/100 · Mixed-negative evidence · 77% evidence
Exact sum: 16.1 + 9.1 + 11.2 + 5.5 = 41.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16.1/35Growth & earnings
Revenue 36.9% · PAT 4.1% · OPM change -2 pp
83% evidence
9.1/25Capital efficiency
ROCE 9.8% · debt/equity 0.2×
95% evidence
11.2/20Valuation
P/E 22.6× · PEG —
50% evidence
5.5/20Relative strength
RS sector -9.4% · RS bench -7.7% · 1Y -9.9%
70% evidence
13. Maharashtra Seamless Ltd · MAHSEAMLES
41.3/100 · Mixed-negative evidence · 79% evidence
Exact sum: 7.8 + 16.1 + 13.2 + 4.2 = 41.3
Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
7.8/35Growth & earnings
Revenue -11.3% · PAT -9.8% · OPM change -2 pp
83% evidence
16.1/25Capital efficiency
ROCE 14.3% · debt/equity 0×
80% evidence
13.2/20Valuation
P/E 10.9× · PEG —
50% evidence
4.2/20Relative strength
RS sector -14.9% · RS bench -3.5% · 1Y -18.6%
100% evidence
14. Surya Roshni Ltd · SURYAROSNI
30.3/100 · Adverse evidence · 87% evidence
Exact sum: 7.3 + 14.4 + 4.7 + 3.9 = 30.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7.3/35Growth & earnings
Revenue 1.4% · PAT -17.3% · OPM change -2 pp
83% evidence
14.4/25Capital efficiency
ROCE 15.8% · debt/equity 0.03×
95% evidence
4.7/20Valuation
P/E 18.1× · PEG 4.08
100% evidence
3.9/20Relative strength
RS sector -17% · RS bench -6.5% · 1Y -24.3%
70% evidence
15. Rama Steel Tubes Ltd · RAMASTEEL
25.3/100 · Adverse evidence · 77% evidence
Exact sum: 7.5 + 6.5 + 8.3 + 3 = 25.3
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7.5/35Growth & earnings
Revenue 7.3% · PAT -49.3% · OPM change -2.4 pp
83% evidence
6.5/25Capital efficiency
ROCE 5.6% · debt/equity 0.27×
95% evidence
8.3/20Valuation
P/E 55.4× · PEG —
50% evidence
3.0/20Relative strength
RS sector -48.6% · RS bench -45.8% · 1Y -63.5%
70% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
APL Apollo Tubes Ltd has the highest Revenue among the 15 Steel - Tubes/Pipes companies compared here, at ₹22,627 crore. Surya Roshni Ltd is next at ₹7,540 crore. Sambhv Steel Tubes Ltd has the highest Revenue growth at 60.4%, so level and change sit with different companies. 15 of 15 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: APL Apollo Tubes Ltd is the scale leader at ₹22,627 crore, 200.1% ahead of Surya Roshni Ltd. Sambhv Steel Tubes Ltd's growth is 60.4% from a ₹2,413 crore base, with 8 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderAPL Apollo Tubes Ltd · ₹22,627 crore
Gap200.1% versus #2 · Surya Roshni Ltd
Persistence8/8 recent comparable periods
Coverage15/15 companies · 229 observations
Investor read: APL Apollo Tubes Ltd is the scale benchmark; Sambhv Steel Tubes Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: APL Apollo Tubes Ltd's growth falls below Sambhv Steel Tubes Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1APL Apollo Tubes Ltd APLAPOLLO₹22.6K Cr
2Surya Roshni Ltd SURYAROSNI₹7.5K Cr
3Maharashtra Seamless Ltd MAHSEAMLES₹4.7K Cr
4Hi-Tech Pipes Ltd HITECH⚠ unverified₹4.2K Cr
5Goodluck India Ltd GOODLUCK₹4.1K Cr
Revenue growthfastest growers
1Sambhv Steel Tubes Ltd SAMBHV60%
2DEE Development Engineers Ltd DEEDEV38%
3Hi-Tech Pipes Ltd HITECH⚠ unverified37%
4Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified23%
5Venus Pipes & Tubes Ltd VENUSPIPES22%
Revenue · company comparison
15/15 level · 15/15 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| APL Apollo Tubes Ltd APLAPOLLO | ₹6.3K Cr | 14% | Mar 2026 |
| Surya Roshni Ltd SURYAROSNI | ₹2.2K Cr | 0.8% | Mar 2026 |
| Hi-Tech Pipes Ltd HITECH⚠ unverified | ₹1.5K Cr | 102% | Mar 2026 |
| Maharashtra Seamless Ltd MAHSEAMLES | ₹1.3K Cr | -9.7% | Mar 2026 |
| Man Industries (India) Ltd MANINDS | ₹1.2K Cr | -5.0% | Mar 2026 |
| Goodluck India Ltd GOODLUCK | ₹1.1K Cr | -1.5% | Mar 2026 |
| JTL Industries Ltd JTLIND | ₹693 Cr | 48% | Mar 2026 |
| Sambhv Steel Tubes Ltd SAMBHV | ₹685 Cr | 38% | Mar 2026 |
| Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified | ₹507 Cr | 27% | Mar 2026 |
| DEE Development Engineers Ltd DEEDEV | ₹362 Cr | 27% | Mar 2026 |
| Venus Pipes & Tubes Ltd VENUSPIPES | ₹302 Cr | 17% | Mar 2026 |
| Rama Steel Tubes Ltd RAMASTEEL⚠ unverified | ₹246 Cr | -16% | Mar 2026 |
| Welspun Specialty Solutions Ltd WELSPLSOL | ₹194 Cr | -3.8% | Jun 2026 |
| Scoda Tubes Ltd SCODATUBES⚠ unverified | ₹124 Cr | -0.1% | Mar 2026 |
| Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified | ₹47 Cr | 9.0% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
₹3.1K Cr
₹3.2K Cr
₹4.2K Cr
₹3.4K Cr
₹4.0K Cr
₹4.3K Cr
₹4.4K Cr
₹4.5K Cr
₹4.6K Cr
₹4.2K Cr
₹4.8K Cr
₹5.0K Cr
₹4.8K Cr
₹5.4K Cr
₹5.5K Cr
₹5.2K Cr
₹5.2K Cr
₹6.0K Cr
₹6.3K Cr
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
₹165 Cr
₹157 Cr
₹179 Cr
₹210 Cr
₹243 Cr
₹185 Cr
₹194 Cr
₹162 Cr
₹286 Cr
₹224 Cr
₹270 Cr
₹287 Cr
₹362 Cr
—
Goodluck India Ltd · GOODLUCK
₹636 Cr
₹707 Cr
₹701 Cr
₹826 Cr
₹783 Cr
₹706 Cr
₹765 Cr
₹858 Cr
₹886 Cr
₹878 Cr
₹902 Cr
₹913 Cr
₹976 Cr
₹942 Cr
₹1.1K Cr
₹983 Cr
₹991 Cr
₹1.0K Cr
₹1.1K Cr
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
—
—
—
—
—
—
—
₹331 Cr
₹343 Cr
₹314 Cr
₹300 Cr
₹400 Cr
₹461 Cr
₹336 Cr
₹363 Cr
₹507 Cr
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
—
—
—
—
—
₹569 Cr
₹702 Cr
₹642 Cr
₹746 Cr
₹630 Cr
₹681 Cr
₹867 Cr
₹706 Cr
₹761 Cr
₹734 Cr
₹791 Cr
₹859 Cr
₹1.1K Cr
₹1.5K Cr
—
JTL Industries Ltd · JTLIND
₹263 Cr
₹232 Cr
₹681 Cr
₹259 Cr
₹300 Cr
₹343 Cr
₹473 Cr
₹505 Cr
₹502 Cr
₹567 Cr
₹466 Cr
₹516 Cr
₹480 Cr
₹452 Cr
₹469 Cr
₹544 Cr
₹429 Cr
₹471 Cr
₹693 Cr
—
Maharashtra Seamless Ltd · MAHSEAMLES
—
—
—
—
—
₹1.3K Cr
₹1.6K Cr
₹1.2K Cr
₹1.5K Cr
₹1.4K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.4K Cr
₹1.4K Cr
₹1.1K Cr
₹1.2K Cr
₹1.1K Cr
₹1.3K Cr
—
Man Industries (India) Ltd · MANINDS
₹490 Cr
₹631 Cr
₹614 Cr
₹510 Cr
₹465 Cr
₹658 Cr
₹598 Cr
₹490 Cr
₹1.0K Cr
₹833 Cr
₹811 Cr
₹749 Cr
₹806 Cr
₹732 Cr
₹1.2K Cr
₹742 Cr
₹834 Cr
₹830 Cr
₹1.2K Cr
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
₹324 Cr
₹316 Cr
₹369 Cr
₹495 Cr
₹559 Cr
₹580 Cr
₹589 Cr
₹685 Cr
—
Surya Roshni Ltd · SURYAROSNI
₹1.9K Cr
₹2.0K Cr
₹2.3K Cr
₹1.8K Cr
₹2.0K Cr
₹2.0K Cr
₹2.2K Cr
₹1.9K Cr
₹1.9K Cr
₹1.9K Cr
₹2.1K Cr
₹1.9K Cr
₹1.5K Cr
₹1.9K Cr
₹2.1K Cr
₹1.6K Cr
₹1.8K Cr
₹1.9K Cr
₹2.2K Cr
—
Venus Pipes & Tubes Ltd · VENUSPIPES
₹89 Cr
₹106 Cr
₹110 Cr
₹114 Cr
₹126 Cr
₹136 Cr
₹176 Cr
₹180 Cr
₹191 Cr
₹207 Cr
₹224 Cr
₹240 Cr
₹229 Cr
₹231 Cr
₹258 Cr
₹276 Cr
₹292 Cr
₹297 Cr
₹302 Cr
—
Welspun Specialty Solutions Ltd · WELSPLSOL
₹21 Cr
₹40 Cr
₹84 Cr
₹82 Cr
₹87 Cr
₹111 Cr
₹138 Cr
₹163 Cr
₹208 Cr
₹175 Cr
₹151 Cr
₹162 Cr
₹167 Cr
₹194 Cr
₹200 Cr
₹201 Cr
₹239 Cr
₹226 Cr
₹220 Cr
₹194 Cr
Revenue growth · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
—
—
—
36%
29%
34%
5.1%
32%
17%
-3.4%
7.6%
9.4%
3.1%
30%
16%
3.9%
9.1%
10%
14%
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
—
47%
18%
8.4%
-23%
18%
21%
39%
77%
27%
—
Goodluck India Ltd · GOODLUCK
—
—
—
44%
23%
-0.1%
9.1%
3.9%
13%
24%
18%
6.4%
10%
7.3%
23%
7.7%
1.5%
10%
-1.5%
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
21%
34%
7.0%
21%
27%
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
—
—
—
—
—
—
—
—
—
11%
-3.0%
35%
-5.4%
21%
7.8%
-8.8%
22%
41%
102%
—
JTL Industries Ltd · JTLIND
—
—
—
45%
14%
48%
-31%
95%
67%
65%
-1.5%
2.2%
-4.4%
-20%
0.6%
5.4%
-11%
4.2%
48%
—
Maharashtra Seamless Ltd · MAHSEAMLES
—
—
—
—
—
—
—
—
—
6.9%
-26%
-5.9%
-16%
-1.6%
17%
-0.5%
-10%
-23%
-9.7%
—
Man Industries (India) Ltd · MANINDS
—
—
—
26%
-5.1%
4.3%
-2.6%
-3.9%
119%
27%
36%
53%
-21%
-12%
50%
-0.9%
3.5%
13%
-5.0%
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
73%
84%
60%
38%
—
Surya Roshni Ltd · SURYAROSNI
—
—
—
27%
2.0%
-0.4%
-6.5%
1.9%
-3.4%
-4.1%
-3.3%
1.0%
-20%
-3.6%
3.2%
-15%
21%
3.2%
0.8%
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
—
41%
42%
28%
60%
58%
52%
52%
27%
33%
20%
12%
15%
15%
28%
29%
17%
—
Welspun Specialty Solutions Ltd · WELSPLSOL
—
—
—
—
314%
178%
64%
99%
139%
57%
9.8%
-0.5%
-19%
11%
32%
24%
43%
16%
9.8%
-3.8%
02 · compare level, then change
Operating Economics & Margin Trend
Gandhi Special Tubes Ltd has the highest OPM among the 15 Steel - Tubes/Pipes companies compared here, at 41.3%. DEE Development Engineers Ltd is next at 18%. The same company also holds the highest Margin change, at +4.3 percentage points. 15 of 15 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Gandhi Special Tubes Ltd leads both opm at 41.3% and margin change at +4.3 percentage points.
LeaderGandhi Special Tubes Ltd · 41.3%
Gap129.4% versus #2 · DEE Development Engineers Ltd
Persistence7/8 recent comparable periods
Coverage15/15 companies · 260 observations
Investor read: Gandhi Special Tubes Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified41%
2DEE Development Engineers Ltd DEEDEV18%
3Maharashtra Seamless Ltd MAHSEAMLES18%
4Venus Pipes & Tubes Ltd VENUSPIPES16%
5Scoda Tubes Ltd SCODATUBES⚠ unverified14%
Margin changefastest expanders
1Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified+4.3 pp
2JTL Industries Ltd JTLIND+4.0 pp
3Welspun Specialty Solutions Ltd WELSPLSOL+3.3 pp
4Sambhv Steel Tubes Ltd SAMBHV+3.0 pp
5Goodluck India Ltd GOODLUCK+2.0 pp
Operating margin · company comparison
15/15 level · 15/15 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified | 41% | +4.3 pp | Mar 2026 |
| Maharashtra Seamless Ltd MAHSEAMLES | 18% | −2.0 pp | Mar 2026 |
| DEE Development Engineers Ltd DEEDEV | 18% | −4.0 pp | Mar 2026 |
| Venus Pipes & Tubes Ltd VENUSPIPES | 16% | 0.0 pp | Mar 2026 |
| Scoda Tubes Ltd SCODATUBES⚠ unverified | 14% | −0.6 pp | Mar 2026 |
| Sambhv Steel Tubes Ltd SAMBHV | 13% | +3.0 pp | Mar 2026 |
| Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified | 13% | +1.0 pp | Mar 2026 |
| Man Industries (India) Ltd MANINDS | 12% | +2.0 pp | Mar 2026 |
| Goodluck India Ltd GOODLUCK | 10% | +2.0 pp | Mar 2026 |
| APL Apollo Tubes Ltd APLAPOLLO | 8.0% | 0.0 pp | Mar 2026 |
| JTL Industries Ltd JTLIND | 8.0% | +4.0 pp | Mar 2026 |
| Surya Roshni Ltd SURYAROSNI | 7.0% | −2.0 pp | Mar 2026 |
| Welspun Specialty Solutions Ltd WELSPLSOL | 5.4% | +3.3 pp | Jun 2026 |
| Hi-Tech Pipes Ltd HITECH⚠ unverified | 3.0% | −2.0 pp | Mar 2026 |
| Rama Steel Tubes Ltd RAMASTEEL⚠ unverified | 1.7% | −2.4 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
7.2%
6.3%
6.3%
5.6%
5.8%
6.0%
7.0%
7.0%
7.0%
7.0%
6.0%
6.0%
3.0%
6.0%
8.0%
7.0%
9.0%
8.0%
8.0%
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
14%
9.0%
13%
14%
14%
13%
15%
3.0%
22%
16%
16%
17%
18%
—
Goodluck India Ltd · GOODLUCK
6.9%
6.7%
7.5%
6.2%
6.1%
7.0%
8.0%
8.0%
8.0%
8.0%
7.0%
8.0%
7.0%
9.0%
8.0%
9.0%
9.0%
10%
10%
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
13%
13%
14%
11%
13%
15%
12%
12%
12%
12%
13%
13%
13%
13%
12%
12%
13%
12%
13%
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
5.3%
5.7%
5.0%
3.5%
3.9%
5.0%
5.0%
3.0%
4.0%
5.0%
5.0%
5.0%
6.0%
5.0%
5.0%
5.0%
5.0%
4.0%
3.0%
—
JTL Industries Ltd · JTLIND
7.4%
8.2%
6.6%
4.2%
8.8%
8.0%
11%
7.0%
7.0%
7.0%
8.0%
8.0%
6.0%
8.0%
4.0%
4.0%
8.0%
8.0%
8.0%
—
Maharashtra Seamless Ltd · MAHSEAMLES
14%
14%
12%
16%
17%
18%
19%
19%
21%
26%
22%
10%
18%
20%
20%
14%
10%
14%
18%
—
Man Industries (India) Ltd · MANINDS
8.6%
9.4%
6.6%
4.3%
3.3%
9.0%
7.0%
10%
7.0%
8.0%
7.0%
5.0%
8.0%
11%
10%
7.0%
15%
15%
12%
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
10%
14%
7.0%
10%
10%
13%
10%
9.0%
13%
—
Surya Roshni Ltd · SURYAROSNI
5.2%
4.8%
6.6%
3.8%
6.5%
8.0%
12%
6.0%
7.0%
8.0%
8.0%
8.0%
5.0%
8.0%
9.0%
4.0%
6.0%
8.0%
7.0%
—
Venus Pipes & Tubes Ltd · VENUSPIPES
15%
12%
12%
13%
12%
13%
12%
15%
18%
19%
20%
20%
18%
16%
16%
16%
16%
16%
16%
—
Welspun Specialty Solutions Ltd · WELSPLSOL
-21%
-7.2%
-5.8%
-3.5%
-7.3%
7.1%
13%
12%
5.8%
6.8%
8.0%
6.7%
1.7%
3.8%
4.9%
2.1%
6.1%
7.5%
5.1%
5.4%
Margin change · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
−0.5 pp
−2.7 pp
−1.7 pp
−4.4 pp
−1.4 pp
−0.3 pp
+0.7 pp
+1.4 pp
+1.2 pp
+1.0 pp
−1.0 pp
−1.0 pp
−4.0 pp
−1.0 pp
+2.0 pp
+1.0 pp
+6.0 pp
+2.0 pp
0.0 pp
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
—
0.0 pp
+4.0 pp
+2.0 pp
−11.0 pp
+8.0 pp
+3.0 pp
+1.0 pp
+14.0 pp
−4.0 pp
—
Goodluck India Ltd · GOODLUCK
−1.1 pp
−1.0 pp
+1.7 pp
−0.8 pp
−0.8 pp
+0.3 pp
+0.5 pp
+1.8 pp
+1.9 pp
+1.0 pp
−1.0 pp
0.0 pp
−1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
+2.0 pp
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
+0.4 pp
−1.7 pp
−0.1 pp
+2.3 pp
−1.4 pp
+0.5 pp
−0.8 pp
−3.4 pp
+0.5 pp
+1.3 pp
+1.1 pp
+1.4 pp
−1.0 pp
−1.0 pp
0.0 pp
−1.0 pp
+1.0 pp
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
+0.2 pp
+0.1 pp
+0.1 pp
−2.1 pp
−1.3 pp
−0.7 pp
−0.0 pp
−0.5 pp
+0.1 pp
0.0 pp
0.0 pp
+2.0 pp
+2.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
−1.0 pp
−2.0 pp
—
JTL Industries Ltd · JTLIND
+0.7 pp
−0.3 pp
−1.4 pp
−1.9 pp
+1.4 pp
−0.2 pp
+4.4 pp
+2.8 pp
−1.8 pp
−1.0 pp
−3.0 pp
+1.0 pp
−1.0 pp
+1.0 pp
−4.0 pp
−4.0 pp
+2.0 pp
0.0 pp
+4.0 pp
—
Maharashtra Seamless Ltd · MAHSEAMLES
−6.6 pp
−0.7 pp
−8.4 pp
−0.9 pp
+3.0 pp
+4.0 pp
+7.3 pp
+2.5 pp
+3.8 pp
+8.0 pp
+3.0 pp
−9.0 pp
−3.0 pp
−6.0 pp
−2.0 pp
+4.0 pp
−8.0 pp
−6.0 pp
−2.0 pp
—
Man Industries (India) Ltd · MANINDS
−0.3 pp
−2.8 pp
−1.1 pp
−5.2 pp
−5.3 pp
−0.4 pp
+0.4 pp
+5.7 pp
+3.7 pp
−1.0 pp
0.0 pp
−5.0 pp
+1.0 pp
+3.0 pp
+3.0 pp
+2.0 pp
+7.0 pp
+4.0 pp
+2.0 pp
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−0.3 pp
−0.9 pp
+3.0 pp
−1.0 pp
+3.0 pp
—
Surya Roshni Ltd · SURYAROSNI
−2.1 pp
−2.5 pp
−0.4 pp
−2.6 pp
+1.3 pp
+3.2 pp
+5.4 pp
+2.2 pp
+0.5 pp
0.0 pp
−4.0 pp
+2.0 pp
−2.0 pp
0.0 pp
+1.0 pp
−4.0 pp
+1.0 pp
0.0 pp
−2.0 pp
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
+1.4 pp
+1.2 pp
−2.6 pp
+0.9 pp
−0.5 pp
+2.3 pp
+5.7 pp
+6.0 pp
+8.0 pp
+5.0 pp
0.0 pp
−3.0 pp
−4.0 pp
−4.0 pp
−2.0 pp
0.0 pp
0.0 pp
—
Welspun Specialty Solutions Ltd · WELSPLSOL
−5.2 pp
+36.0 pp
+10.3 pp
+30.6 pp
+13.7 pp
+14.3 pp
+18.9 pp
+15.7 pp
+13.1 pp
−0.3 pp
−5.1 pp
−5.5 pp
−4.1 pp
−3.0 pp
−3.1 pp
−4.6 pp
+4.4 pp
+3.7 pp
+0.2 pp
+3.3 pp
03 · compare level, then change
Profit Scale & Acceleration
APL Apollo Tubes Ltd has the highest Net profit among the 15 Steel - Tubes/Pipes companies compared here, at ₹1,203 crore. Maharashtra Seamless Ltd is next at ₹701 crore. Sambhv Steel Tubes Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: APL Apollo Tubes Ltd leads with ₹1,203 crore of TTM profit, 71.6% above Maharashtra Seamless Ltd. Sambhv Steel Tubes Ltd shows ≥100% on the scoring scale (195.8% uncapped) growth from a ₹142 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderAPL Apollo Tubes Ltd · ₹1,203 crore
Gap71.6% versus #2 · Maharashtra Seamless Ltd
Persistence6/8 recent comparable periods
Coverage15/15 companies · 229 observations
Investor read: APL Apollo Tubes Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1APL Apollo Tubes Ltd APLAPOLLO₹1.2K Cr
2Maharashtra Seamless Ltd MAHSEAMLES₹701 Cr
3Surya Roshni Ltd SURYAROSNI₹286 Cr
4Goodluck India Ltd GOODLUCK₹183 Cr
5Man Industries (India) Ltd MANINDS₹171 Cr
Profit growthfastest growers
1Sambhv Steel Tubes Ltd SAMBHV196%
2DEE Development Engineers Ltd DEEDEV77%
3APL Apollo Tubes Ltd APLAPOLLO59%
4Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified23%
5Scoda Tubes Ltd SCODATUBES⚠ unverified22%
Net profit · company comparison
15/15 level · 14/15 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| APL Apollo Tubes Ltd APLAPOLLO | ₹354 Cr | 21% | Mar 2026 |
| Maharashtra Seamless Ltd MAHSEAMLES | ₹103 Cr | -57% | Mar 2026 |
| Surya Roshni Ltd SURYAROSNI | ₹98 Cr | -25% | Mar 2026 |
| Goodluck India Ltd GOODLUCK | ₹56 Cr | 33% | Mar 2026 |
| Sambhv Steel Tubes Ltd SAMBHV | ₹53 Cr | 212% | Mar 2026 |
| Man Industries (India) Ltd MANINDS | ₹51 Cr | -25% | Mar 2026 |
| JTL Industries Ltd JTLIND | ₹38 Cr | 124% | Mar 2026 |
| Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified | ₹30 Cr | 76% | Mar 2026 |
| DEE Development Engineers Ltd DEEDEV | ₹28 Cr | -13% | Mar 2026 |
| Venus Pipes & Tubes Ltd VENUSPIPES | ₹26 Cr | 8.3% | Mar 2026 |
| Hi-Tech Pipes Ltd HITECH⚠ unverified | ₹18 Cr | 0.0% | Mar 2026 |
| Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified | ₹9 Cr | -22% | Mar 2026 |
| Scoda Tubes Ltd SCODATUBES⚠ unverified | ₹6 Cr | -7.5% | Mar 2026 |
| Welspun Specialty Solutions Ltd WELSPLSOL | ₹5 Cr | 20% | Jun 2026 |
| Rama Steel Tubes Ltd RAMASTEEL⚠ unverified | ₹4 Cr | -43% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
₹131 Cr
₹116 Cr
₹225 Cr
₹107 Cr
₹150 Cr
₹169 Cr
₹202 Cr
₹194 Cr
₹203 Cr
₹166 Cr
₹170 Cr
₹193 Cr
₹54 Cr
₹217 Cr
₹293 Cr
₹237 Cr
₹302 Cr
₹310 Cr
₹354 Cr
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
₹12 Cr
₹-5 Cr
₹10 Cr
₹9 Cr
₹12 Cr
₹3 Cr
₹22 Cr
₹-13 Cr
₹32 Cr
₹13 Cr
₹18 Cr
₹19 Cr
₹28 Cr
—
Goodluck India Ltd · GOODLUCK
₹17 Cr
₹20 Cr
₹24 Cr
₹21 Cr
₹20 Cr
₹18 Cr
₹28 Cr
₹29 Cr
₹35 Cr
₹32 Cr
₹37 Cr
₹36 Cr
₹47 Cr
₹41 Cr
₹42 Cr
₹40 Cr
₹43 Cr
₹44 Cr
₹56 Cr
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
—
—
—
—
—
—
—
₹17 Cr
₹18 Cr
₹16 Cr
₹11 Cr
₹17 Cr
₹24 Cr
₹10 Cr
₹12 Cr
₹30 Cr
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
—
—
—
—
—
₹13 Cr
₹16 Cr
₹8 Cr
₹11 Cr
₹14 Cr
₹11 Cr
₹18 Cr
₹18 Cr
₹19 Cr
₹18 Cr
₹21 Cr
₹20 Cr
₹17 Cr
₹18 Cr
—
JTL Industries Ltd · JTLIND
₹13 Cr
₹13 Cr
₹27 Cr
₹11 Cr
₹20 Cr
₹20 Cr
₹37 Cr
₹25 Cr
₹28 Cr
₹30 Cr
₹30 Cr
₹31 Cr
₹26 Cr
₹25 Cr
₹17 Cr
₹17 Cr
₹22 Cr
₹26 Cr
₹38 Cr
—
Maharashtra Seamless Ltd · MAHSEAMLES
—
—
—
—
—
₹160 Cr
₹373 Cr
₹207 Cr
₹251 Cr
₹276 Cr
₹218 Cr
₹129 Cr
₹220 Cr
₹186 Cr
₹242 Cr
₹230 Cr
₹125 Cr
₹243 Cr
₹103 Cr
—
Man Industries (India) Ltd · MANINDS
₹24 Cr
₹31 Cr
₹27 Cr
₹10 Cr
₹-5 Cr
₹37 Cr
₹30 Cr
₹11 Cr
₹39 Cr
₹31 Cr
₹24 Cr
₹19 Cr
₹32 Cr
₹34 Cr
₹68 Cr
₹28 Cr
₹37 Cr
₹55 Cr
₹51 Cr
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
₹15 Cr
₹5 Cr
₹11 Cr
₹17 Cr
₹34 Cr
₹31 Cr
₹24 Cr
₹53 Cr
—
Surya Roshni Ltd · SURYAROSNI
₹44 Cr
₹40 Cr
₹83 Cr
₹22 Cr
₹68 Cr
₹90 Cr
₹156 Cr
₹59 Cr
₹76 Cr
₹90 Cr
₹104 Cr
₹92 Cr
₹34 Cr
₹90 Cr
₹130 Cr
₹34 Cr
₹74 Cr
₹80 Cr
₹98 Cr
—
Venus Pipes & Tubes Ltd · VENUSPIPES
₹9 Cr
₹8 Cr
₹8 Cr
₹9 Cr
₹10 Cr
₹11 Cr
₹13 Cr
₹17 Cr
₹20 Cr
₹23 Cr
₹25 Cr
₹28 Cr
₹24 Cr
₹18 Cr
₹24 Cr
₹25 Cr
₹26 Cr
₹26 Cr
₹26 Cr
—
Welspun Specialty Solutions Ltd · WELSPLSOL
₹-11 Cr
₹-9 Cr
₹1 Cr
₹-8 Cr
₹-11 Cr
₹-3 Cr
₹8 Cr
₹11 Cr
₹5 Cr
₹6 Cr
₹40 Cr
₹2 Cr
₹-6 Cr
₹-4 Cr
₹4 Cr
₹-1 Cr
₹10 Cr
₹10 Cr
₹4 Cr
₹5 Cr
Profit growth · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
—
—
—
-27%
15%
46%
-10%
81%
35%
-1.8%
-16%
-0.5%
-73%
31%
72%
23%
459%
43%
21%
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
—
0.0%
—
120%
-244%
167%
333%
-18%
—
-13%
—
Goodluck India Ltd · GOODLUCK
—
—
—
50%
18%
-10%
17%
38%
75%
78%
32%
24%
34%
28%
14%
11%
-8.5%
7.3%
33%
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0%
33%
-38%
9.1%
76%
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
—
—
—
—
—
—
—
—
—
7.7%
-31%
125%
64%
36%
64%
17%
11%
-11%
0.0%
—
JTL Industries Ltd · JTLIND
—
—
—
38%
54%
54%
37%
127%
40%
50%
-19%
24%
-7.1%
-17%
-43%
-45%
-15%
4.0%
124%
—
Maharashtra Seamless Ltd · MAHSEAMLES
—
—
—
—
—
—
—
—
—
73%
-42%
-38%
-12%
-33%
11%
78%
-43%
31%
-57%
—
Man Industries (India) Ltd · MANINDS
—
—
—
-47%
-121%
19%
11%
10%
—
-16%
-20%
73%
-18%
9.7%
183%
47%
16%
62%
-25%
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
127%
520%
118%
212%
—
Surya Roshni Ltd · SURYAROSNI
—
—
—
-41%
55%
125%
88%
168%
12%
0.0%
-33%
56%
-55%
0.0%
25%
-63%
118%
-11%
-25%
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
—
29%
11%
38%
63%
89%
100%
109%
92%
65%
20%
-22%
-4.0%
-11%
8.3%
44%
8.3%
—
Welspun Specialty Solutions Ltd · WELSPLSOL
—
—
—
—
—
—
706%
—
—
—
397%
-83%
-222%
-159%
-91%
-138%
—
—
20%
—
04 · compare level, then change
Capacity Spending & Returns On It
DEE Development Engineers Ltd has the highest CAPEX among the 15 Steel - Tubes/Pipes companies compared here, at ₹45 crore. Sambhv Steel Tubes Ltd is next at ₹33 crore. The same company also holds the highest CAPEX intensity, at 18.5%. 5 of 15 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: DEE Development Engineers Ltd reports ₹45 crore of CAPEX; DEE Development Engineers Ltd has the highest covered intensity at 18.5%. Coverage is only 5 of 15 companies and 11 reported observations, so this is partial evidence—not a complete sector rank.
LeaderDEE Development Engineers Ltd · ₹45 crore
Gap36.4% versus #2 · Sambhv Steel Tubes Ltd
Persistence2/2 recent comparable periods
Coverage5/15 companies · 11 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1DEE Development Engineers Ltd DEEDEV₹45 Cr
2Sambhv Steel Tubes Ltd SAMBHV₹33 Cr
3Scoda Tubes Ltd SCODATUBES⚠ unverified₹21 Cr
4Venus Pipes & Tubes Ltd VENUSPIPES₹13 Cr
5Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified₹1 Cr
CAPEX intensityhighest reinvestment intensity
1DEE Development Engineers Ltd DEEDEV19%
2Scoda Tubes Ltd SCODATUBES⚠ unverified17%
3Venus Pipes & Tubes Ltd VENUSPIPES12%
4Sambhv Steel Tubes Ltd SAMBHV6.7%
Capital expenditure · company comparison
5/15 level · 4/15 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Maharashtra Seamless Ltd (MAHSEAMLES) — its two data sources disagree by up to 29% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| DEE Development Engineers Ltd DEEDEV | ₹45 Cr | 19% | Mar 2026 |
| Sambhv Steel Tubes Ltd SAMBHV | ₹33 Cr | 6.7% | Mar 2026 |
| Scoda Tubes Ltd SCODATUBES⚠ unverified | ₹21 Cr | 17% | Mar 2026 |
| Venus Pipes & Tubes Ltd VENUSPIPES | ₹13 Cr | 12% | Mar 2026 |
| Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified | ₹1 Cr | — | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
₹37 Cr
₹45 Cr
—
—
—
—
—
—
—
—
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
₹0 Cr
₹1 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
₹71 Cr
₹71 Cr
₹53 Cr
₹33 Cr
—
—
—
—
—
Scoda Tubes Ltd · SCODATUBES⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
₹6 Cr
₹21 Cr
—
—
—
—
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
₹13 Cr
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
CAPEX intensity · reported quarter history
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
18%
19%
—
—
—
—
—
—
—
—
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
22%
23%
14%
6.7%
—
—
—
—
—
Scoda Tubes Ltd · SCODATUBES⚠ unverified
—
—
—
—
—
—
—
—
—
—
—
—
—
4.6%
17%
—
—
—
—
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
12%
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Annual capital allocation · 10-year view
15/15 capacity base · 15/15 OCF · 15/15 CAPEX · 15/15 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
₹792 Cr
₹932 Cr
₹1.1K Cr
₹1.7K Cr
₹1.8K Cr
₹2.3K Cr
₹3.0K Cr
₹3.5K Cr
₹4.0K Cr
₹4.4K Cr
DEE Development Engineers Ltd · DEEDEV
—
—
—
₹390 Cr
₹367 Cr
₹358 Cr
₹384 Cr
₹480 Cr
₹570 Cr
₹738 Cr
Goodluck India Ltd · GOODLUCK
₹260 Cr
₹309 Cr
₹338 Cr
₹342 Cr
₹337 Cr
₹395 Cr
₹438 Cr
₹598 Cr
₹1.0K Cr
₹1.3K Cr
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
—
—
—
—
₹379 Cr
₹436 Cr
₹500 Cr
Hi-Tech Pipes Ltd · HITECH⚠ unverified
₹89 Cr
₹141 Cr
₹173 Cr
₹202 Cr
₹232 Cr
₹268 Cr
₹323 Cr
₹417 Cr
₹586 Cr
₹737 Cr
JTL Industries Ltd · JTLIND
—
—
—
—
₹28 Cr
₹52 Cr
₹69 Cr
₹117 Cr
₹284 Cr
₹660 Cr
Maharashtra Seamless Ltd · MAHSEAMLES
₹1.2K Cr
₹1.3K Cr
₹1.2K Cr
₹2.4K Cr
₹2.3K Cr
₹2.1K Cr
₹2.0K Cr
₹2.0K Cr
₹1.9K Cr
₹1.9K Cr
Man Industries (India) Ltd · MANINDS
₹351 Cr
₹418 Cr
₹399 Cr
₹372 Cr
₹338 Cr
₹338 Cr
₹567 Cr
₹636 Cr
₹776 Cr
₹1.2K Cr
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
₹836 Cr
₹924 Cr
Surya Roshni Ltd · SURYAROSNI
₹802 Cr
—
₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹996 Cr
₹920 Cr
₹852 Cr
₹898 Cr
₹922 Cr
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
₹10 Cr
₹15 Cr
₹20 Cr
₹28 Cr
₹182 Cr
₹294 Cr
₹377 Cr
₹523 Cr
Welspun Specialty Solutions Ltd · WELSPLSOL
₹110 Cr
₹112 Cr
₹185 Cr
₹231 Cr
₹229 Cr
₹218 Cr
₹208 Cr
₹203 Cr
₹197 Cr
₹251 Cr
Operating cash flow · fiscal-year history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
₹315 Cr
₹91 Cr
₹358 Cr
₹510 Cr
₹977 Cr
₹652 Cr
₹691 Cr
₹1.1K Cr
₹1.2K Cr
₹2.1K Cr
DEE Development Engineers Ltd · DEEDEV
—
—
—
₹71 Cr
₹96 Cr
₹67 Cr
₹14 Cr
₹103 Cr
₹-60 Cr
₹20 Cr
Goodluck India Ltd · GOODLUCK
₹23 Cr
₹73 Cr
₹57 Cr
₹58 Cr
₹43 Cr
₹78 Cr
₹65 Cr
₹-46 Cr
₹158 Cr
₹200 Cr
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
—
—
₹4 Cr
₹-101 Cr
₹5 Cr
₹79 Cr
₹192 Cr
Hi-Tech Pipes Ltd · HITECH⚠ unverified
₹24 Cr
₹-6 Cr
₹49 Cr
₹25 Cr
₹64 Cr
₹-17 Cr
₹134 Cr
₹-95 Cr
₹70 Cr
₹3 Cr
JTL Industries Ltd · JTLIND
—
—
—
—
₹-5 Cr
₹17 Cr
₹4 Cr
₹-22 Cr
₹-246 Cr
₹-67 Cr
Maharashtra Seamless Ltd · MAHSEAMLES
₹241 Cr
₹93 Cr
₹-183 Cr
₹748 Cr
₹447 Cr
₹-269 Cr
₹912 Cr
₹1.0K Cr
₹610 Cr
₹933 Cr
Man Industries (India) Ltd · MANINDS
₹-75 Cr
₹132 Cr
₹137 Cr
₹214 Cr
₹-60 Cr
₹451 Cr
₹-120 Cr
₹345 Cr
₹68 Cr
₹515 Cr
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
₹31 Cr
₹66 Cr
₹142 Cr
₹126 Cr
₹212 Cr
Surya Roshni Ltd · SURYAROSNI
₹181 Cr
—
₹120 Cr
₹276 Cr
₹540 Cr
₹285 Cr
₹280 Cr
₹546 Cr
₹395 Cr
₹401 Cr
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
₹-7 Cr
₹2 Cr
₹11 Cr
₹-60 Cr
₹9 Cr
₹52 Cr
₹69 Cr
₹112 Cr
Welspun Specialty Solutions Ltd · WELSPLSOL
₹18 Cr
₹-5 Cr
₹-2 Cr
₹-27 Cr
₹43 Cr
₹-84 Cr
₹50 Cr
₹7 Cr
₹58 Cr
₹128 Cr
CAPEX · reported cash flow · fiscal-year history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
₹145 Cr
₹193 Cr
₹193 Cr
₹753 Cr
₹229 Cr
₹606 Cr
₹751 Cr
₹706 Cr
₹721 Cr
₹615 Cr
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
₹13 Cr
₹27 Cr
₹64 Cr
₹141 Cr
₹139 Cr
₹221 Cr
Goodluck India Ltd · GOODLUCK
₹35 Cr
₹69 Cr
₹53 Cr
₹30 Cr
₹23 Cr
₹87 Cr
₹76 Cr
₹195 Cr
₹491 Cr
₹347 Cr
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
—
—
—
—
—
₹107 Cr
₹129 Cr
Hi-Tech Pipes Ltd · HITECH⚠ unverified
₹34 Cr
₹56 Cr
₹37 Cr
₹36 Cr
₹38 Cr
₹46 Cr
₹69 Cr
₹109 Cr
₹190 Cr
₹178 Cr
JTL Industries Ltd · JTLIND
—
—
—
—
—
₹27 Cr
₹21 Cr
₹54 Cr
₹176 Cr
₹397 Cr
Maharashtra Seamless Ltd · MAHSEAMLES
₹133 Cr
₹114 Cr
₹24 Cr
₹1.3K Cr
₹5 Cr
₹9 Cr
₹20 Cr
₹33 Cr
₹26 Cr
₹167 Cr
Man Industries (India) Ltd · MANINDS
₹23 Cr
₹106 Cr
₹27 Cr
₹25 Cr
₹12 Cr
₹45 Cr
₹275 Cr
₹130 Cr
₹185 Cr
₹493 Cr
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
₹136 Cr
Surya Roshni Ltd · SURYAROSNI
₹87 Cr
—
—
₹65 Cr
₹66 Cr
₹65 Cr
₹39 Cr
₹49 Cr
₹169 Cr
₹154 Cr
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
—
₹7 Cr
₹6 Cr
₹9 Cr
₹156 Cr
₹124 Cr
₹102 Cr
₹170 Cr
Welspun Specialty Solutions Ltd · WELSPLSOL
₹-1 Cr
₹9 Cr
₹80 Cr
₹56 Cr
₹12 Cr
₹3 Cr
₹5 Cr
₹10 Cr
₹10 Cr
₹71 Cr
Free cash flow · fiscal-year history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
₹170 Cr
₹-102 Cr
₹165 Cr
₹-243 Cr
₹748 Cr
₹46 Cr
₹-60 Cr
₹406 Cr
₹492 Cr
₹1.5K Cr
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
₹83 Cr
₹40 Cr
₹-50 Cr
₹-38 Cr
₹-199 Cr
₹-201 Cr
Goodluck India Ltd · GOODLUCK
₹-12 Cr
₹4 Cr
₹4 Cr
₹28 Cr
₹20 Cr
₹-9 Cr
₹-11 Cr
₹-241 Cr
₹-333 Cr
₹-147 Cr
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
—
—
—
—
—
₹-28 Cr
₹63 Cr
Hi-Tech Pipes Ltd · HITECH⚠ unverified
₹-10 Cr
₹-62 Cr
₹12 Cr
₹-11 Cr
₹26 Cr
₹-63 Cr
₹65 Cr
₹-204 Cr
₹-120 Cr
₹-175 Cr
JTL Industries Ltd · JTLIND
—
—
—
—
—
₹-10 Cr
₹-17 Cr
₹-76 Cr
₹-422 Cr
₹-464 Cr
Maharashtra Seamless Ltd · MAHSEAMLES
₹108 Cr
₹-21 Cr
₹-207 Cr
₹-537 Cr
₹442 Cr
₹-278 Cr
₹892 Cr
₹1.0K Cr
₹584 Cr
₹766 Cr
Man Industries (India) Ltd · MANINDS
₹-98 Cr
₹26 Cr
₹110 Cr
₹189 Cr
₹-72 Cr
₹406 Cr
₹-395 Cr
₹215 Cr
₹-117 Cr
₹22 Cr
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
₹76 Cr
Surya Roshni Ltd · SURYAROSNI
₹94 Cr
—
—
₹211 Cr
₹474 Cr
₹220 Cr
₹241 Cr
₹497 Cr
₹226 Cr
₹247 Cr
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
—
₹-5 Cr
₹5 Cr
₹-69 Cr
₹-147 Cr
₹-72 Cr
₹-33 Cr
₹-58 Cr
Welspun Specialty Solutions Ltd · WELSPLSOL
₹19 Cr
₹-14 Cr
₹-82 Cr
₹-83 Cr
₹31 Cr
₹-87 Cr
₹45 Cr
₹-3 Cr
₹48 Cr
₹57 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
Gandhi Special Tubes Ltd has the lowest Gross debt among the 15 Steel - Tubes/Pipes companies compared here, at ₹0 crore. Maharashtra Seamless Ltd is next at ₹13 crore. APL Apollo Tubes Ltd has the lowest Net debt at ₹388 crore net cash, so level and change sit with different companies.
What the numbers say: APL Apollo Tubes Ltd has the clearest covered balance-sheet capacity with ₹388 crore net cash and gross debt of ₹498 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderGandhi Special Tubes Ltd · ₹0 crore
Gap100% versus #2 · Maharashtra Seamless Ltd
Persistence8/8 recent comparable periods
Coverage15/15 companies · 243 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified₹0 Cr
2Maharashtra Seamless Ltd MAHSEAMLES₹13 Cr
3Welspun Specialty Solutions Ltd WELSPLSOL₹35 Cr
4Surya Roshni Ltd SURYAROSNI₹80 Cr
5Rama Steel Tubes Ltd RAMASTEEL⚠ unverified₹130 Cr
Net debtlowest net debt
1APL Apollo Tubes Ltd APLAPOLLO₹-388 Cr
2Surya Roshni Ltd SURYAROSNI₹-373 Cr
3Welspun Specialty Solutions Ltd WELSPLSOL₹-120 Cr
4Man Industries (India) Ltd MANINDS₹-100 Cr
5Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified₹-11 Cr
Debt and balance-sheet capacity · company comparison
15/15 level · 14/15 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Goodluck India Ltd GOODLUCK | ₹1.1K Cr | ₹1.1K Cr | Mar 2026 |
| DEE Development Engineers Ltd DEEDEV | ₹705 Cr | ₹621 Cr | Mar 2026 |
| Man Industries (India) Ltd MANINDS | ₹628 Cr | ₹-100 Cr | Mar 2026 |
| APL Apollo Tubes Ltd APLAPOLLO | ₹498 Cr | ₹-388 Cr | Mar 2026 |
| Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified | ₹378 Cr | ₹401 Cr | Mar 2026 |
| Sambhv Steel Tubes Ltd SAMBHV | ₹373 Cr | ₹211 Cr | Mar 2026 |
| Hi-Tech Pipes Ltd HITECH⚠ unverified | ₹268 Cr | ₹181 Cr | Mar 2026 |
| JTL Industries Ltd JTLIND | ₹244 Cr | ₹199 Cr | Mar 2026 |
| Venus Pipes & Tubes Ltd VENUSPIPES | ₹197 Cr | ₹249 Cr | Mar 2026 |
| Scoda Tubes Ltd SCODATUBES⚠ unverified | ₹187 Cr | ₹113 Cr | Mar 2026 |
| Rama Steel Tubes Ltd RAMASTEEL⚠ unverified | ₹130 Cr | ₹125 Cr | Mar 2026 |
| Surya Roshni Ltd SURYAROSNI | ₹80 Cr | ₹-373 Cr | Mar 2026 |
| Welspun Specialty Solutions Ltd WELSPLSOL | ₹35 Cr | ₹-120 Cr | Jun 2026 |
| Maharashtra Seamless Ltd MAHSEAMLES | ₹13 Cr | — | Mar 2026 |
| Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified | ₹0 Cr | ₹-11 Cr | Mar 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
₹552 Cr
₹552 Cr
₹581 Cr
₹581 Cr
₹952 Cr
₹952 Cr
₹873 Cr
₹873 Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹1.0K Cr
₹634 Cr
₹634 Cr
₹715 Cr
₹715 Cr
₹498 Cr
—
DEE Development Engineers Ltd · DEEDEV
—
—
₹290 Cr
—
—
—
₹364 Cr
—
—
₹430 Cr
₹460 Cr
₹460 Cr
₹373 Cr
₹373 Cr
₹431 Cr
₹431 Cr
₹585 Cr
₹585 Cr
₹705 Cr
—
Goodluck India Ltd · GOODLUCK
₹481 Cr
₹481 Cr
₹590 Cr
₹539 Cr
₹535 Cr
₹535 Cr
₹598 Cr
₹598 Cr
₹653 Cr
₹653 Cr
₹612 Cr
₹612 Cr
₹664 Cr
₹664 Cr
₹882 Cr
₹882 Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
₹88 Cr
₹89 Cr
₹87 Cr
₹87 Cr
₹83 Cr
₹83 Cr
₹297 Cr
₹297 Cr
₹414 Cr
₹414 Cr
₹372 Cr
₹372 Cr
₹336 Cr
₹336 Cr
₹401 Cr
₹401 Cr
₹418 Cr
₹418 Cr
₹378 Cr
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
₹340 Cr
₹340 Cr
₹393 Cr
₹394 Cr
₹360 Cr
₹360 Cr
₹273 Cr
₹274 Cr
₹343 Cr
₹343 Cr
₹402 Cr
₹403 Cr
₹363 Cr
₹363 Cr
₹192 Cr
₹192 Cr
₹272 Cr
₹272 Cr
₹268 Cr
—
JTL Industries Ltd · JTLIND
₹54 Cr
₹54 Cr
₹94 Cr
₹78 Cr
₹108 Cr
₹108 Cr
₹107 Cr
₹55 Cr
₹116 Cr
₹116 Cr
₹20 Cr
₹20 Cr
₹46 Cr
₹46 Cr
₹76 Cr
₹76 Cr
₹166 Cr
₹166 Cr
₹244 Cr
—
Maharashtra Seamless Ltd · MAHSEAMLES
—
—
₹709 Cr
—
—
—
₹244 Cr
—
—
—
₹0 Cr
—
—
—
₹0 Cr
—
₹10 Cr
—
₹13 Cr
—
Man Industries (India) Ltd · MANINDS
₹81 Cr
₹81 Cr
₹57 Cr
₹57 Cr
₹94 Cr
₹94 Cr
₹301 Cr
₹299 Cr
₹209 Cr
₹209 Cr
₹326 Cr
₹326 Cr
₹216 Cr
₹216 Cr
₹476 Cr
₹476 Cr
₹561 Cr
₹561 Cr
₹628 Cr
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
₹351 Cr
—
₹621 Cr
₹507 Cr
₹507 Cr
₹190 Cr
₹190 Cr
₹373 Cr
—
Surya Roshni Ltd · SURYAROSNI
₹676 Cr
₹676 Cr
₹593 Cr
₹593 Cr
₹523 Cr
₹523 Cr
₹418 Cr
₹418 Cr
₹229 Cr
₹229 Cr
₹16 Cr
₹16 Cr
₹73 Cr
₹73 Cr
₹16 Cr
₹16 Cr
₹124 Cr
₹124 Cr
₹80 Cr
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
₹50 Cr
₹64 Cr
₹69 Cr
₹53 Cr
₹53 Cr
₹90 Cr
₹90 Cr
₹146 Cr
₹146 Cr
₹149 Cr
₹149 Cr
₹181 Cr
₹181 Cr
₹192 Cr
₹192 Cr
₹260 Cr
₹260 Cr
₹197 Cr
—
Welspun Specialty Solutions Ltd · WELSPLSOL
₹197 Cr
₹197 Cr
₹241 Cr
₹280 Cr
₹278 Cr
₹278 Cr
₹233 Cr
₹233 Cr
₹227 Cr
₹227 Cr
₹260 Cr
₹260 Cr
₹303 Cr
₹303 Cr
₹21 Cr
₹21 Cr
₹34 Cr
₹34 Cr
₹35 Cr
₹35 Cr
Net debt · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
₹132 Cr
₹132 Cr
₹207 Cr
₹200 Cr
₹290 Cr
₹290 Cr
₹373 Cr
₹521 Cr
₹463 Cr
₹463 Cr
₹620 Cr
₹-85 Cr
₹234 Cr
₹234 Cr
₹128 Cr
₹-313 Cr
₹102 Cr
₹102 Cr
₹-388 Cr
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
₹331 Cr
—
—
₹388 Cr
₹457 Cr
₹425 Cr
₹304 Cr
₹304 Cr
₹425 Cr
₹383 Cr
₹489 Cr
₹489 Cr
₹621 Cr
—
Gandhi Special Tubes Ltd · GANDHITUBE⚠ unverified
₹-79 Cr
₹-79 Cr
₹-36 Cr
₹-36 Cr
₹-33 Cr
₹-33 Cr
₹-26 Cr
₹-26 Cr
₹-53 Cr
₹-53 Cr
₹-5 Cr
₹-6 Cr
₹-12 Cr
₹-12 Cr
₹-7 Cr
₹-7 Cr
₹-7 Cr
₹-7 Cr
₹-11 Cr
—
Goodluck India Ltd · GOODLUCK
₹470 Cr
₹470 Cr
₹590 Cr
₹526 Cr
₹525 Cr
₹525 Cr
₹598 Cr
₹586 Cr
₹636 Cr
₹636 Cr
₹507 Cr
₹401 Cr
₹582 Cr
₹582 Cr
₹880 Cr
₹836 Cr
₹962 Cr
₹962 Cr
₹1.1K Cr
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
₹88 Cr
₹89 Cr
₹87 Cr
₹87 Cr
₹72 Cr
₹72 Cr
₹193 Cr
₹192 Cr
₹412 Cr
₹412 Cr
₹340 Cr
₹340 Cr
₹334 Cr
₹334 Cr
₹350 Cr
₹350 Cr
₹412 Cr
₹412 Cr
₹401 Cr
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
₹323 Cr
₹323 Cr
₹392 Cr
₹377 Cr
₹341 Cr
₹341 Cr
₹271 Cr
₹253 Cr
₹321 Cr
₹321 Cr
₹400 Cr
₹377 Cr
₹329 Cr
₹329 Cr
₹35 Cr
₹9 Cr
₹115 Cr
₹115 Cr
₹181 Cr
—
JTL Industries Ltd · JTLIND
₹50 Cr
₹50 Cr
₹94 Cr
₹76 Cr
₹105 Cr
₹105 Cr
₹57 Cr
₹2 Cr
₹62 Cr
₹62 Cr
₹-81 Cr
₹-86 Cr
₹-129 Cr
₹-129 Cr
₹2 Cr
₹2 Cr
₹150 Cr
₹150 Cr
₹199 Cr
—
Man Industries (India) Ltd · MANINDS
₹-19 Cr
₹-19 Cr
₹-25 Cr
₹-183 Cr
₹-7 Cr
₹-7 Cr
₹260 Cr
₹129 Cr
₹-87 Cr
₹-87 Cr
₹-91 Cr
₹-157 Cr
₹44 Cr
₹44 Cr
₹205 Cr
₹71 Cr
₹99 Cr
₹99 Cr
₹-100 Cr
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
₹310 Cr
—
₹620 Cr
₹502 Cr
₹502 Cr
₹182 Cr
₹182 Cr
₹211 Cr
—
Surya Roshni Ltd · SURYAROSNI
₹675 Cr
₹675 Cr
₹592 Cr
₹592 Cr
₹522 Cr
₹522 Cr
₹417 Cr
₹416 Cr
₹217 Cr
₹217 Cr
₹-19 Cr
₹-30 Cr
₹-124 Cr
₹-124 Cr
₹-209 Cr
₹-280 Cr
₹-372 Cr
₹-372 Cr
₹-373 Cr
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
₹48 Cr
₹60 Cr
₹65 Cr
₹-19 Cr
₹-19 Cr
₹63 Cr
₹61 Cr
₹133 Cr
₹133 Cr
₹136 Cr
₹138 Cr
₹145 Cr
₹145 Cr
₹174 Cr
₹176 Cr
₹223 Cr
₹223 Cr
₹249 Cr
—
Welspun Specialty Solutions Ltd · WELSPLSOL
₹194 Cr
₹194 Cr
₹235 Cr
₹275 Cr
₹277 Cr
₹277 Cr
₹233 Cr
₹232 Cr
₹226 Cr
₹226 Cr
₹260 Cr
₹259 Cr
₹276 Cr
₹276 Cr
₹-75 Cr
₹-75 Cr
₹-17 Cr
₹-17 Cr
₹-120 Cr
₹-120 Cr
06 · compare level, then change
Return On Capital Employed
APL Apollo Tubes Ltd has the highest ROCE among the 15 Steel - Tubes/Pipes companies compared here, at 31.6%. Gandhi Special Tubes Ltd is next at 28.4%. The same company also holds the highest ROCE change, at +6 percentage points. 15 of 15 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: APL Apollo Tubes Ltd leads ROCE at 31.6%, 3.2 percentage points above Gandhi Special Tubes Ltd. APL Apollo Tubes Ltd has the strongest latest improvement at +6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderAPL Apollo Tubes Ltd · 31.6%
Gap11.3% versus #2 · Gandhi Special Tubes Ltd
Persistence3/8 recent comparable periods
Coverage15/15 companies · 189 observations
Investor read: APL Apollo Tubes Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1APL Apollo Tubes Ltd APLAPOLLO32%
2Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified28%
3Venus Pipes & Tubes Ltd VENUSPIPES23%
4Sambhv Steel Tubes Ltd SAMBHV19%
5Scoda Tubes Ltd SCODATUBES⚠ unverified17%
ROCE changefastest improvers
1APL Apollo Tubes Ltd APLAPOLLO+6.0 pp
2DEE Development Engineers Ltd DEEDEV+4.7 pp
3Sambhv Steel Tubes Ltd SAMBHV+4.6 pp
4Goodluck India Ltd GOODLUCK+0.9 pp
5Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified+0.8 pp
Return on capital · company comparison
15/15 level · 15/15 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Withheld from this chart: Maharashtra Seamless Ltd (MAHSEAMLES) — its two data sources disagree by up to 29% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| APL Apollo Tubes Ltd APLAPOLLO | 26% | +6.0 pp | Mar 2026 |
| Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified | 25% | +0.8 pp | Mar 2026 |
| Venus Pipes & Tubes Ltd VENUSPIPES | 21% | −4.9 pp | Mar 2026 |
| Goodluck India Ltd GOODLUCK | 19% | +0.9 pp | Mar 2026 |
| Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified | 17% | −1.2 pp | Mar 2026 |
| Sambhv Steel Tubes Ltd SAMBHV | 17% | +4.6 pp | Mar 2026 |
| Scoda Tubes Ltd SCODATUBES⚠ unverified | 15% | −14.2 pp | Mar 2026 |
| Man Industries (India) Ltd MANINDS | 15% | +0.5 pp | Mar 2026 |
| DEE Development Engineers Ltd DEEDEV | 13% | +4.7 pp | Mar 2026 |
| Surya Roshni Ltd SURYAROSNI | 13% | −4.9 pp | Mar 2026 |
| Welspun Specialty Solutions Ltd WELSPLSOL | 10% | −0.5 pp | Jun 2026 |
| Hi-Tech Pipes Ltd HITECH⚠ unverified | 10% | −0.6 pp | Mar 2026 |
| JTL Industries Ltd JTLIND | 8.3% | −0.9 pp | Mar 2026 |
| Rama Steel Tubes Ltd RAMASTEEL⚠ unverified | 2.1% | −5.4 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
32%
—
28%
—
24%
—
24%
—
26%
30%
22%
26%
18%
22%
20%
24%
26%
32%
26%
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
2.7%
—
—
8.6%
9.0%
16%
7.3%
9.5%
8.4%
14%
10%
16%
13%
—
Gandhi Special Tubes Ltd · GANDHITUBE⚠ unverified
29%
—
29%
—
32%
—
30%
—
26%
37%
26%
34%
26%
34%
24%
34%
24%
35%
25%
—
Goodluck India Ltd · GOODLUCK
22%
—
25%
—
27%
—
25%
—
27%
33%
19%
26%
18%
26%
19%
22%
20%
21%
19%
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
28%
33%
35%
—
20%
—
14%
—
17%
—
18%
—
18%
21%
19%
22%
18%
20%
17%
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
21%
—
21%
—
21%
—
17%
—
17%
20%
14%
19%
15%
20%
11%
14%
10%
13%
10%
—
JTL Industries Ltd · JTLIND
38%
—
41%
—
48%
—
30%
—
31%
48%
19%
27%
12%
18%
9.2%
12%
7.6%
9.4%
8.3%
—
Man Industries (India) Ltd · MANINDS
16%
—
14%
—
9.2%
—
9.0%
—
14%
18%
11%
17%
10%
16%
14%
20%
14%
19%
15%
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
—
—
8.4%
13%
17%
16%
20%
17%
—
Surya Roshni Ltd · SURYAROSNI
19%
—
19%
—
19%
—
25%
—
26%
29%
20%
24%
18%
20%
18%
17%
16%
18%
13%
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
33%
34%
—
18%
—
19%
—
24%
34%
30%
39%
30%
35%
26%
31%
22%
29%
21%
—
Welspun Specialty Solutions Ltd · WELSPLSOL
-13%
—
-11%
—
-7.6%
—
4.4%
—
21%
26%
18%
23%
23%
22%
3.2%
11%
4.8%
19%
6.5%
10%
ROCE change · reported quarter history
Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
—
—
—
—
−7.8 pp
—
−3.5 pp
—
+1.9 pp
—
−2.4 pp
—
−8.1 pp
−8.8 pp
−1.5 pp
−1.9 pp
+8.3 pp
+10.3 pp
+6.0 pp
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
—
+6.3 pp
—
—
+0.9 pp
−0.6 pp
−1.2 pp
+2.9 pp
+6.7 pp
+4.7 pp
—
Gandhi Special Tubes Ltd · GANDHITUBE⚠ unverified
—
—
—
—
+2.4 pp
—
+0.9 pp
—
−5.3 pp
—
−3.7 pp
—
−0.7 pp
−2.9 pp
−2.6 pp
+0.4 pp
−1.8 pp
+0.8 pp
+0.8 pp
—
Goodluck India Ltd · GOODLUCK
—
—
—
—
+5.0 pp
—
−0.5 pp
—
+0.5 pp
—
−5.3 pp
—
−9.4 pp
−7.2 pp
−0.9 pp
−4.2 pp
+2.2 pp
−4.3 pp
+0.9 pp
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
—
−8.4 pp
—
−20.2 pp
—
−2.8 pp
—
+3.3 pp
—
+0.7 pp
—
+0.9 pp
—
+0.5 pp
−1.4 pp
−1.2 pp
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
—
—
—
—
+0.4 pp
—
−4.7 pp
—
−4.7 pp
—
−2.7 pp
—
−1.2 pp
−0.8 pp
−3.3 pp
−5.2 pp
−5.2 pp
−6.8 pp
−0.6 pp
—
JTL Industries Ltd · JTLIND
—
—
—
—
+9.5 pp
—
−10.6 pp
—
−16.6 pp
—
−11.3 pp
—
−19.2 pp
−29.8 pp
−9.7 pp
−15.2 pp
−4.3 pp
−8.7 pp
−0.9 pp
—
Man Industries (India) Ltd · MANINDS
—
—
—
—
−6.5 pp
—
−4.8 pp
—
+4.7 pp
—
+2.3 pp
—
−3.7 pp
−2.3 pp
+3.0 pp
+2.8 pp
+3.4 pp
+3.5 pp
+0.5 pp
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+11.5 pp
+4.6 pp
—
Surya Roshni Ltd · SURYAROSNI
—
—
—
—
+0.2 pp
—
+6.0 pp
—
+7.0 pp
—
−5.2 pp
—
−8.3 pp
−8.5 pp
−2.3 pp
−7.1 pp
−2.1 pp
−1.9 pp
−4.9 pp
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
—
—
—
—
−14.5 pp
—
+6.4 pp
—
+10.7 pp
—
+5.1 pp
+1.1 pp
−3.7 pp
−8.2 pp
−7.2 pp
−6.1 pp
−4.9 pp
—
Welspun Specialty Solutions Ltd · WELSPLSOL
—
—
—
—
+5.7 pp
—
+15.2 pp
—
+28.1 pp
—
+13.7 pp
—
+2.0 pp
−4.0 pp
−14.9 pp
−12.5 pp
−17.7 pp
−2.9 pp
+3.3 pp
−0.5 pp
07 · compare level, then change
Valuation Against Growth & Quality
Man Industries (India) Ltd has the lowest Guarded PEG among the 15 Steel - Tubes/Pipes companies compared here, at 0.2×. Goodluck India Ltd is next at 0.51×. Maharashtra Seamless Ltd has the lowest P/E at 10.9×, so level and change sit with different companies. 7 of 15 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Man Industries (India) Ltd has the lowest comparable Guarded PEG at 0.2×, 60.8% below Goodluck India Ltd. Only 7 of 15 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderMan Industries (India) Ltd · 0.2×
Gap60.8% versus #2 · Goodluck India Ltd
Persistence0/8 recent comparable periods
Coverage7/15 companies · 47 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Man Industries (India) Ltd MANINDS0.2
2Goodluck India Ltd GOODLUCK0.5
3DEE Development Engineers Ltd DEEDEV0.6
4JTL Industries Ltd JTLIND1.3
5Venus Pipes & Tubes Ltd VENUSPIPES3.4
P/Elowest P/E
1Maharashtra Seamless Ltd MAHSEAMLES10.9
2Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified16.0
3Surya Roshni Ltd SURYAROSNI18.1
4Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified18.2
5Hi-Tech Pipes Ltd HITECH⚠ unverified22.6
Valuation · company comparison
7/15 level · 15/15 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| APL Apollo Tubes Ltd APLAPOLLO | 6.1 | 48.3 | Mar 2026 |
| Surya Roshni Ltd SURYAROSNI | 4.1 | 13.5 | Mar 2026 |
| Venus Pipes & Tubes Ltd VENUSPIPES | 3.4 | 19.1 | Mar 2026 |
| JTL Industries Ltd JTLIND | 1.3 | 21.6 | Mar 2026 |
| DEE Development Engineers Ltd DEEDEV | 0.6 | 22.9 | Mar 2026 |
| Goodluck India Ltd GOODLUCK | 0.5 | 19.3 | Mar 2026 |
| Man Industries (India) Ltd MANINDS | 0.2 | 12.2 | Mar 2026 |
| Maharashtra Seamless Ltd MAHSEAMLES | — | 9.0 | Mar 2026 |
| Sambhv Steel Tubes Ltd SAMBHV | — | 24.4 | Mar 2026 |
| Welspun Specialty Solutions Ltd WELSPLSOL | — | 171.4 | Jun 2026 |
| Hi-Tech Pipes Ltd HITECH⚠ unverified | — | 19.6 | Mar 2026 |
| Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified | — | 14.7 | Mar 2026 |
| Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified | — | 13.2 | Mar 2026 |
| Scoda Tubes Ltd SCODATUBES⚠ unverified | — | 17.6 | Mar 2026 |
| Rama Steel Tubes Ltd RAMASTEEL⚠ unverified | — | 42.8 | Mar 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
APL Apollo Tubes Ltd · APLAPOLLO
0.8
—
—
—
—
—
6.1
—
3.4
2.4
3.1
—
—
—
—
—
6.1
—
—
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.6
—
—
—
Goodluck India Ltd · GOODLUCK
0.3
—
0.2
—
—
—
1.3
1.0
1.5
1.1
1.4
0.5
0.8
1.9
—
—
—
1.7
0.5
—
JTL Industries Ltd · JTLIND
—
—
—
1.7
0.7
—
—
1.2
—
1.2
—
1.3
—
—
—
—
—
—
—
—
Man Industries (India) Ltd · MANINDS
0.1
—
0.3
—
—
0.4
—
0.8
—
—
—
0.6
0.4
—
—
0.5
0.5
0.3
0.2
—
Surya Roshni Ltd · SURYAROSNI
—
—
0.3
0.3
—
1.4
0.3
—
—
—
0.3
—
—
—
—
4.1
—
—
—
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
—
—
—
—
1.9
—
2.1
0.9
—
—
—
0.5
1.0
3.9
—
—
3.4
—
P/E · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
45.5
45.8
41.6
37.8
46.5
48.6
51.4
53.9
61.6
55.5
54.3
58.9
58.1
72.1
66.7
64.4
57.5
49.9
48.3
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
—
—
29.0
56.6
41.4
60.7
50.8
35.2
29.9
22.9
—
Goodluck India Ltd · GOODLUCK
16.0
17.8
12.6
9.7
14.9
11.6
13.3
12.9
17.3
23.4
19.6
20.0
25.5
21.2
15.2
24.4
24.2
20.7
19.3
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
13.6
17.3
23.7
26.4
35.1
28.7
30.2
23.0
29.9
36.7
25.8
16.5
20.2
22.9
17.2
14.7
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
21.4
17.7
17.2
12.5
20.0
28.5
25.7
21.0
22.4
30.9
37.8
40.4
52.6
41.0
26.6
25.3
29.8
23.8
19.6
—
JTL Industries Ltd · JTLIND
25.9
31.0
24.7
18.0
25.1
28.8
27.3
28.0
33.4
34.7
26.0
33.6
33.0
28.0
24.5
29.0
32.1
28.6
21.6
—
Maharashtra Seamless Ltd · MAHSEAMLES
6.3
10.1
9.8
6.1
7.3
5.5
5.6
7.7
9.2
12.6
10.3
9.2
9.8
11.0
12.1
13.1
9.1
9.4
9.0
—
Man Industries (India) Ltd · MANINDS
6.1
5.7
4.8
4.2
6.0
7.2
8.1
12.8
15.3
14.6
19.7
24.1
19.4
19.4
15.8
17.2
16.6
15.8
12.2
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
43.6
29.0
24.4
—
Surya Roshni Ltd · SURYAROSNI
21.1
16.2
12.9
9.7
13.1
12.5
13.6
14.1
14.3
22.2
14.5
20.6
21.9
19.3
16.6
21.6
21.7
17.7
13.5
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
—
12.1
27.6
35.5
36.6
52.6
50.6
45.6
51.5
48.5
46.9
31.0
26.1
29.8
30.4
25.6
19.1
—
Welspun Specialty Solutions Ltd · WELSPLSOL
—
—
-24.8
—
—
—
-69.3
262.4
420.4
116.0
64.4
42.1
63.7
69.1
55.5
67.8
257.2
300.9
97.9
171.4
08 · compare level, then change
Enterprise Value & Book Value
Man Industries (India) Ltd has the lowest EV/EBITDA among the 15 Steel - Tubes/Pipes companies compared here, at 5.7×. Maharashtra Seamless Ltd is next at 6.3×. Maharashtra Seamless Ltd has the lowest P/BV at 1.12×, so level and change sit with different companies. 15 of 15 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Man Industries (India) Ltd leads ev/ebitda at 5.7×; Maharashtra Seamless Ltd leads p/bv at 1.12×.
LeaderMan Industries (India) Ltd · 5.7×
Gap9.5% versus #2 · Maharashtra Seamless Ltd
Persistence0/8 recent comparable periods
Coverage15/15 companies · 234 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Man Industries (India) Ltd MANINDS5.7
2Maharashtra Seamless Ltd MAHSEAMLES6.3
3Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified6.7
4Surya Roshni Ltd SURYAROSNI6.7
5Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified9.5
P/BVlowest P/BV
1Maharashtra Seamless Ltd MAHSEAMLES1.1
2Hi-Tech Pipes Ltd HITECH⚠ unverified1.3
3Rama Steel Tubes Ltd RAMASTEEL⚠ unverified1.5
4JTL Industries Ltd JTLIND1.9
5Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified1.9
Enterprise and book valuation · company comparison
15/15 level · 15/15 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Welspun Specialty Solutions Ltd WELSPLSOL | 58.4 | 8.9 | Jun 2026 |
| APL Apollo Tubes Ltd APLAPOLLO | 30.4 | 12.0 | Mar 2026 |
| Rama Steel Tubes Ltd RAMASTEEL⚠ unverified | 18.0 | 1.5 | Mar 2026 |
| JTL Industries Ltd JTLIND | 14.1 | 1.4 | Mar 2026 |
| Sambhv Steel Tubes Ltd SAMBHV | 11.9 | 2.7 | Mar 2026 |
| DEE Development Engineers Ltd DEEDEV | 11.6 | 2.3 | Mar 2026 |
| Goodluck India Ltd GOODLUCK | 10.8 | 2.3 | Mar 2026 |
| Venus Pipes & Tubes Ltd VENUSPIPES | 10.7 | 3.6 | Mar 2026 |
| Hi-Tech Pipes Ltd HITECH⚠ unverified | 9.8 | 1.1 | Mar 2026 |
| Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified | 9.5 | 3.3 | Mar 2026 |
| Scoda Tubes Ltd SCODATUBES⚠ unverified | 9.5 | 2.0 | Mar 2026 |
| Surya Roshni Ltd SURYAROSNI | 6.7 | 1.7 | Mar 2026 |
| Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified | 6.7 | 1.5 | Mar 2026 |
| Maharashtra Seamless Ltd MAHSEAMLES | 6.3 | 1.1 | Mar 2026 |
| Man Industries (India) Ltd MANINDS | 5.7 | 1.3 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
24.9
26.2
24.4
22.6
28.5
32.8
33.5
34.1
38.1
33.2
32.1
34.5
34.3
40.0
37.7
38.2
33.8
31.1
30.4
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
—
—
27.7
18.6
16.9
16.6
18.3
14.5
12.3
11.6
—
Goodluck India Ltd · GOODLUCK
9.0
9.4
7.5
6.8
8.8
7.6
8.2
7.9
9.5
12.8
12.2
12.2
14.1
12.0
9.1
12.7
13.5
11.9
10.8
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
9.4
11.8
14.6
16.0
22.5
17.2
18.7
13.7
15.1
17.9
13.3
7.9
8.9
9.9
7.8
6.7
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
12.1
10.7
10.3
8.0
10.4
13.3
13.7
12.5
12.2
16.6
20.7
19.9
27.8
23.4
14.7
15.0
14.6
12.1
9.8
—
JTL Industries Ltd · JTLIND
18.4
22.0
17.6
13.0
19.4
21.5
25.2
23.2
26.0
25.5
18.2
24.1
25.4
20.7
17.4
19.8
20.8
18.7
14.1
—
Maharashtra Seamless Ltd · MAHSEAMLES
5.2
7.2
6.9
7.1
7.5
5.7
5.7
6.4
7.5
10.1
8.3
6.7
6.8
7.6
8.3
9.2
6.4
6.5
6.3
—
Man Industries (India) Ltd · MANINDS
3.1
2.5
2.1
2.9
3.7
1.6
2.1
4.2
6.5
6.2
8.4
9.6
7.9
7.1
5.7
7.9
8.4
7.6
5.7
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
18.1
13.4
11.9
—
Surya Roshni Ltd · SURYAROSNI
11.1
8.9
7.2
6.0
7.0
7.0
8.0
8.6
8.7
12.9
8.6
12.3
12.6
10.6
9.1
12.3
11.2
9.2
6.7
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
—
18.6
22.3
24.4
24.7
33.3
32.2
28.9
31.4
28.3
27.4
18.1
14.9
16.4
16.6
14.0
10.7
—
Welspun Specialty Solutions Ltd · WELSPLSOL
—
—
—
—
173.2
106.3
58.6
60.1
45.6
37.6
26.9
36.9
51.3
51.5
36.9
46.2
43.7
41.5
31.0
58.4
P/BV · reported quarter history
Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
APL Apollo Tubes Ltd · APLAPOLLO
13.2
12.6
11.4
12.8
9.9
10.4
12.2
13.2
15.0
13.0
12.7
14.3
11.8
10.9
11.0
13.5
10.9
11.4
12.0
—
DEE Development Engineers Ltd · DEEDEV
—
—
—
—
—
—
—
—
—
—
—
5.0
2.5
2.8
2.1
2.8
2.4
1.8
2.3
—
Goodluck India Ltd · GOODLUCK
1.8
2.2
1.8
1.8
2.4
1.9
2.4
2.4
2.7
3.8
3.6
4.0
3.4
2.5
1.9
3.3
2.9
2.5
2.3
—
Hariom Pipe Industries Ltd · HARIOMPIPE⚠ unverified
—
—
—
4.8
2.7
3.7
3.3
4.9
4.1
4.3
2.8
3.7
4.5
2.9
1.9
2.2
2.7
1.8
1.5
—
Hi-Tech Pipes Ltd · HITECH⚠ unverified
3.8
2.8
2.7
2.3
2.7
3.8
3.8
3.4
2.5
3.3
4.2
3.9
5.1
3.8
2.8
2.6
1.9
1.4
1.1
—
JTL Industries Ltd · JTLIND
7.6
11.1
7.6
5.5
7.6
9.8
9.3
10.5
9.5
8.5
6.6
8.8
5.1
3.0
2.5
3.4
2.2
1.8
1.4
—
Maharashtra Seamless Ltd · MAHSEAMLES
0.6
1.0
1.1
1.2
1.3
1.1
1.2
1.6
1.7
2.4
2.2
1.8
1.5
1.6
1.5
1.8
1.3
1.1
1.1
—
Man Industries (India) Ltd · MANINDS
0.8
0.7
0.6
0.5
0.7
0.5
0.6
1.0
1.0
1.5
1.9
2.2
1.6
1.4
1.2
1.9
1.9
1.5
1.3
—
Sambhv Steel Tubes Ltd · SAMBHV
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
3.3
2.9
2.7
—
Surya Roshni Ltd · SURYAROSNI
3.0
2.2
1.6
1.4
1.5
1.6
2.3
3.0
2.9
4.3
2.8
3.6
3.7
2.7
2.3
3.4
2.5
2.3
1.7
—
Venus Pipes & Tubes Ltd · VENUSPIPES
—
—
—
5.3
3.9
4.9
4.9
7.2
8.2
7.9
10.7
12.9
11.1
6.4
5.1
6.8
5.2
4.4
3.6
—
Welspun Specialty Solutions Ltd · WELSPLSOL
23.4
76.5
72.8
22.4
41.4
40.4
25.6
37.9
76.4
50.2
40.0
89.9
36.4
33.5
20.5
13.6
5.5
5.8
4.8
8.9
09 · let price answer last
Market action
DEE Development Engineers Ltd has the strongest one-year price move in Steel - Tubes/Pipes at +126.5%. It also leads on Mansfield relative strength against NIFTY at +100.3%. 9 of 15 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Steel - Tubes/Pipes comparison names 6 specific ways its own evidence can mislead, all listed below. All 15 companies here report on comparable dates, so no rank carries a stale marker. 5 draw at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 5 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
10 · the complete set
Which companies are included?
All 15 companies in the canonical Steel - Tubes/Pipes membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| APL Apollo Tubes Ltd APLAPOLLO | ₹50.6K Cr | ₹1,823 | 2026-07-19 | Mar 2026 | Cross-checked |
| Maharashtra Seamless Ltd MAHSEAMLES18/26 WEEKS | ₹7.7K Cr | ₹572 | 2026-07-19 | Mar 2026 | Second feed withheld |
| Surya Roshni Ltd SURYAROSNI | ₹5.2K Cr | ₹238 | 2026-07-19 | Mar 2026 | Cross-checked |
| Goodluck India Ltd GOODLUCKAHEAD23/26 WEEKS | ₹5.0K Cr | ₹1,512 | 2026-07-19 | Mar 2026 | Cross-checked |
| DEE Development Engineers Ltd DEEDEVAHEAD23/26 WEEKS | ₹4.5K Cr | ₹653 | 2026-07-19 | Mar 2026 | Cross-checked |
| Man Industries (India) Ltd MANINDS18/26 WEEKS | ₹4.0K Cr | ₹527 | 2026-07-19 | Mar 2026 | Cross-checked |
| Venus Pipes & Tubes Ltd VENUSPIPESAHEAD | ₹3.5K Cr | ₹1,700 | 2026-07-19 | Mar 2026 | Cross-checked |
| Sambhv Steel Tubes Ltd SAMBHV21/26 WEEKS | ₹3.4K Cr | ₹116 | 2026-07-19 | Mar 2026 | Cross-checked |
| Welspun Specialty Solutions Ltd WELSPLSOL | ₹3.4K Cr | ₹51.3 | 2026-07-19 | Jun 2026 | Cross-checked |
| JTL Industries Ltd JTLIND19/26 WEEKS | ₹2.8K Cr | ₹72.6 | 2026-07-19 | Mar 2026 | Cross-checked |
| Hi-Tech Pipes Ltd HITECH⚠ unverified | ₹1.7K Cr | ₹84.8 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Hariom Pipe Industries Ltd HARIOMPIPEAHEAD⚠ unverified | ₹1.2K Cr | ₹392 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified | ₹1.1K Cr | ₹868 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Scoda Tubes Ltd SCODATUBES⚠ unverified | ₹880 Cr | ₹147 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Rama Steel Tubes Ltd RAMASTEEL⚠ unverified | ₹697 Cr | ₹4.3 | 2026-07-19 | Mar 2026 | Includes unverified figures |
How each company's sources stand: 5 of 15 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 1 of 15 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Maharashtra Seamless Ltd (MAHSEAMLES) — its two data sources disagree by up to 29% on reported income across 14 comparable periods, so its derived ratios are withheld.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 15 Steel - Tubes/Pipes companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing9 cross-checked · 5 unverified · 1 withheld, of 15 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Steel - Tubes/Pipes company comparison FAQs
These 18 answers restate the Steel - Tubes/Pipes comparison above in question form. Every one is computed from the same 15 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Steel - Tubes/Pipes index?
The Nifty Steel - Tubes/Pipes index tracks India's listed Steel - Tubes/Pipes companies as a single basket. This page follows the same 15 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Steel - Tubes/Pipes sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Steel - Tubes/Pipes stocks in India?
Ranked by this page's four-factor score, Sambhv Steel Tubes Ltd places first among 15 listed Steel - Tubes/Pipes companies, followed by DEE Development Engineers Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Steel - Tubes/Pipes stocks are listed in India?
This comparison covers 15 listed Steel - Tubes/Pipes companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Steel - Tubes/Pipes company is the biggest?
APL Apollo Tubes Ltd is the largest, with trailing-twelve-month revenue of ₹22,627 crore, ahead of Surya Roshni Ltd at ₹7,540 crore. That covers 15 of 15 companies with comparable reporting through Mar 2026.
Which Steel - Tubes/Pipes company is growing fastest?
Sambhv Steel Tubes Ltd has the fastest revenue growth at 60.4% year on year, across 15 of 15 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Steel - Tubes/Pipes company has the best profit margins?
Gandhi Special Tubes Ltd has the highest operating margin at 41.3%, from 15 of 15 comparable companies. Gandhi Special Tubes Ltd shows the biggest recent improvement, at +4.3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Steel - Tubes/Pipes company makes the most profit?
APL Apollo Tubes Ltd earns the most, at ₹1,203 crore of trailing-twelve-month net profit, from 15 of 15 comparable companies. Sambhv Steel Tubes Ltd has the fastest profit growth at 195.8%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Steel - Tubes/Pipes company earns the highest return on capital?
APL Apollo Tubes Ltd leads on return on capital employed at 31.6%, across 15 of 15 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Steel - Tubes/Pipes stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Man Industries (India) Ltd screens cheapest at 0.2×. Only 7 of 15 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Steel - Tubes/Pipes company has the strongest balance sheet?
Gandhi Special Tubes Ltd carries the lowest comparable gross debt at ₹0 crore, from 15 of 15 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Steel - Tubes/Pipes stock has the strongest price momentum?
DEE Development Engineers Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Steel - Tubes/Pipes company scores highest for research priority?
Sambhv Steel Tubes Ltd scores 67.6 out of 100 with 72.6% evidence confidence, from 30.6 points on growth and earnings, 17 on capital efficiency, 10 on valuation and 10 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Steel - Tubes/Pipes companies does this comparison cover, and over what period?
It compares 15 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Steel - Tubes/Pipes sector?
The 15 Steel - Tubes/Pipes companies on this page carry ₹95,634 crore of combined market value. APL Apollo Tubes Ltd is the largest at ₹50,612 crore, about 53% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
What is the Steel - Tubes/Pipes sector's P/E ratio?
The median price-to-earnings ratio across the 15 Steel - Tubes/Pipes companies on this page is 23.6×, measured on the 15 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.
How is the Steel - Tubes/Pipes sector performing?
9 of the 15 covered Steel - Tubes/Pipes companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.