Sector Alpha Week of 2026-08-05
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.

01 · the index people search for

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.

02 · the sector itself · before any single company

How has Steel - Tubes/Pipes moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 1% ahead of NIFTY 500. Earnings across its companies fell 0% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.

FADING · −6 in 4w~Moving with the index5 of 16 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑17w · 11/16 >200d (−2) · 5/16 lead (−6) · EPS 7/14↑

20050020262025202420232022 769333 TRAILING 12-MONTH EPS · 100 AT THE START0100130Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 103, against 100 at the start · no comparable year yet · 5 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 112, against 100 at the start · up 13.9% on a year ago · 6 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 108, against 100 at the start · up 43.7% on a year ago · 11 reportingDec 2023 · trailing 12-month earnings per share at 113, against 100 at the start · up 41.2% on a year ago · 12 reportingMar 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 25.6% on a year ago · 12 reportingJun 2024 · trailing 12-month earnings per share at 112, against 100 at the start · up 31.5% on a year ago · 12 reportingSep 2024 · trailing 12-month earnings per share at 105, against 100 at the start · up 1.6% on a year ago · 12 reportingDec 2024 · trailing 12-month earnings per share at 104, against 100 at the start · down 8.5% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 107, against 100 at the start · up 5.3% on a year ago · 13 reportingJun 2025 · trailing 12-month earnings per share at 106, against 100 at the start · up 0.5% on a year ago · 14 reportingSep 2025 · trailing 12-month earnings per share at 104, against 100 at the start · down 6.6% on a year ago · 15 reportingDec 2025 · trailing 12-month earnings per share at 110, against 100 at the start · up 1.9% on a year ago · 15 reportingMar 2026 · trailing 12-month earnings per share at 130, against 100 at the start · up 2.9% on a year ago · 14 reportingNot reported yet — earnings trail price by a quarter or two130 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 769333 TRAILING 12-MONTH EPS · 100 AT THE START0100130Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 103, against 100 at the start · no comparable year yet · 5 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 112, against 100 at the start · up 13.9% on a year ago · 6 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 108, against 100 at the start · up 43.7% on a year ago · 11 reportingDec 2023 · trailing 12-month earnings per share at 113, against 100 at the start · up 41.2% on a year ago · 12 reportingMar 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 25.6% on a year ago · 12 reportingJun 2024 · trailing 12-month earnings per share at 112, against 100 at the start · up 31.5% on a year ago · 12 reportingSep 2024 · trailing 12-month earnings per share at 105, against 100 at the start · up 1.6% on a year ago · 12 reportingDec 2024 · trailing 12-month earnings per share at 104, against 100 at the start · down 8.5% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 107, against 100 at the start · up 5.3% on a year ago · 13 reportingJun 2025 · trailing 12-month earnings per share at 106, against 100 at the start · up 0.5% on a year ago · 14 reportingSep 2025 · trailing 12-month earnings per share at 104, against 100 at the start · down 6.6% on a year ago · 15 reportingDec 2025 · trailing 12-month earnings per share at 110, against 100 at the start · up 1.9% on a year ago · 15 reportingMar 2026 · trailing 12-month earnings per share at 130, against 100 at the start · up 2.9% on a year ago · 14 reportingNot reported yet — earnings trail price by a quarter or two130No earnings on file this far back — the price series reaches further than the filings do
Steel - Tubes/Pipes, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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 16 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.

03 · sector relative strength, before individual stocks

Is Steel - Tubes/Pipes outperforming NIFTY 500?

Steel - Tubes/Pipes has outperformed NIFTY 500 by 8.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 3.5%. 8 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 +74.7%.

+3.5%Sector vs NIFTY 500 · 13 weeks
+8.4%Sector vs NIFTY 500 · 52 weeks
8/15Stocks 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

Steel - Tubes/Pipes has outperformed NIFTY 500 by 8.4% over 52 weeks and 3.5% over 13 weeks. 8 of 15 covered companies beat NIFTY on Mansfield relative strength, while 5 of 14 beat the sector itself. APL Apollo Tubes Ltd leads with revenue of ₹23,064 crore, based on 15 of 15 comparable companies through Jun 2026.

Companies
15
complete canonical membership
Combined market value
₹96.2K Cr
APL Apollo Tubes Ltd
Revenue growing
14/15
positive TTM year-on-year growth
Beating NIFTY 500
8/15
positive Mansfield relative strength
Comparing 5 of 15
04 · 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.
Venus Pipes & Tubes Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Sambhv Steel Tubes LtdSAMBHV 67.7/100Favorable setup73% evidence ASLEEP 30.6/35 Revenue 60.4% · PAT 195.8% · OPM change 3 pp 88% evidence 15.5/25 ROCE 19.4% · OPM 13% 100% evidence 10.0/20 P/E 24.4× · PEG — 15% evidence 11.6/20 RS sector -1.5% · RS bench 9.1% · 1Y -9.5%6 of 12 weeks ahead 70% evidence
Exact sum: 30.6 + 15.5 + 10 + 11.6 = 67.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2DEE Development Engineers LtdDEEDEV 64.0/100Mixed-positive evidence89% evidence LEADER 23.8/35 Revenue 38.2% · PAT 77.3% · OPM change -4 pp 88% evidence 7.8/25 ROCE 10.9% · OPM 18% 100% evidence 12.4/20 P/E 64.7× · PEG 0.62 65% evidence 20.0/20 RS sector 74.7% · RS bench 87.6% · 1Y 127.2%12 of 12 weeks ahead 100% evidence
Exact sum: 23.8 + 7.8 + 12.4 + 20 = 64 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3APL Apollo Tubes LtdAPLAPOLLO 62.5/100Mixed-positive evidence100% evidence ASLEEP 25.7/35 Revenue 10.4% · PAT 53.4% · OPM change 0 pp 100% evidence 17.8/25 ROCE 31.6% · OPM 7% 100% evidence 14.4/20 P/E 41.1× · PEG 0.7 100% evidence 4.6/20 RS sector -14% · RS bench -3.9% · 1Y 17.9%0 of 12 weeks ahead 100% evidence
Exact sum: 25.7 + 17.8 + 14.4 + 4.6 = 62.5 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14% and the one-year return is 17.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
4Venus Pipes & Tubes LtdVENUSPIPES 62.0/100Mixed-positive evidence96% evidence LEADER 15.6/35 Revenue 21.8% · PAT 9.6% · OPM change 0 pp 88% evidence 21.1/25 ROCE 22.5% · OPM 16% 100% evidence 6.5/20 P/E 33.7× · PEG 3.42 100% evidence 18.8/20 RS sector 14.9% · RS bench 26.5% · 1Y 13.4%12 of 12 weeks ahead 100% evidence
Exact sum: 15.6 + 21.1 + 6.5 + 18.8 = 62 · Decision use: Price leads the evidence: RS versus the benchmark is 26.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
5Gandhi Special Tubes LtdGANDHITUBE 61.2/100Mixed-positive evidence83% evidence TURNING 23.0/35 Revenue 11.2% · PAT 16.5% · OPM change 4.3 pp 83% evidence 18.7/25 ROCE 28.4% · OPM 41.3% 95% evidence 10.9/20 P/E 18.4× · PEG — 50% evidence 8.6/20 RS sector -6.7% · RS bench 3.5% · 1Y 16.5%2 of 12 weeks ahead 100% evidence
Exact sum: 23 + 18.7 + 10.9 + 8.6 = 61.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Goodluck India LtdGOODLUCK 59.4/100Mixed-positive evidence96% evidence LEADER 18.7/35 Revenue 4.1% · PAT 10.2% · OPM change 2 pp 88% evidence 13.0/25 ROCE 14.4% · OPM 10% 100% evidence 10.7/20 P/E 27.9× · PEG 0.51 100% evidence 17.0/20 RS sector 12.2% · RS bench 23.9% · 1Y 45.3%12 of 12 weeks ahead 100% evidence
Exact sum: 18.7 + 13 + 10.7 + 17 = 59.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Man Industries (India) LtdMANINDS 54.8/100Mixed-positive evidence96% evidence FADING 16.9/35 Revenue 1.6% · PAT 11.8% · OPM change 2 pp 88% evidence 14.3/25 ROCE 16.2% · OPM 12% 100% evidence 12.3/20 P/E 23.4× · PEG 0.2 100% evidence 11.3/20 RS sector 6.9% · RS bench 17.6% · 1Y 24.9%9 of 12 weeks ahead 100% evidence
Exact sum: 16.9 + 14.3 + 12.3 + 11.3 = 54.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Hariom Pipe Industries LtdHARIOMPIPE 54.4/100Mixed-positive evidence70% evidence TURNING 21.3/35 Revenue 22.8% · PAT 22.6% · OPM change 1 pp 83% evidence 15.6/25 ROCE 15.7% · OPM 13% 95% evidence 11.3/20 P/E 16× · PEG — 15% evidence 6.2/20 RS sector -14.3% · RS bench -2.6% · 1Y -14.3%8 of 10 weeks ahead 70% evidence
Exact sum: 21.3 + 15.6 + 11.3 + 6.2 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Welspun Specialty Solutions LtdWELSPLSOL 50.5/100Mixed-positive evidence74% evidence LEADER 20.3/35 Revenue 15.2% · PAT 100% · OPM change 3.3 pp 74% evidence 4.9/25 ROCE 9.9% · OPM 5.4% 100% evidence 8.5/20 P/E 118× · PEG — 15% evidence 16.8/20 RS sector 13.9% · RS bench 25.7% · 1Y 55.1%12 of 12 weeks ahead 100% evidence
Exact sum: 20.3 + 4.9 + 8.5 + 16.8 = 50.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Scoda Tubes LtdSCODATUBES 49.6/100Mixed-negative evidence61% evidence ASLEEP 13.9/35 Revenue 7% · PAT 22.3% · OPM change -0.6 pp 83% evidence 16.7/25 ROCE 16.5% · OPM 13.5% 95% evidence 10.5/20 P/E 22.6× · PEG — 15% evidence 8.5/20 RS sector — · RS bench -4.6% · 1Y -24.3%2 of 10 weeks ahead 25% evidence
Exact sum: 13.9 + 16.7 + 10.5 + 8.5 = 49.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11JTL Industries LtdJTLIND 44.4/100Mixed-negative evidence96% evidence FADING 18.1/35 Revenue 11.5% · PAT 4% · OPM change 4.2 pp 88% evidence 5.8/25 ROCE 9.6% · OPM 8% 100% evidence 11.7/20 P/E 29.2× · PEG 1.27 100% evidence 8.8/20 RS sector -1.6% · RS bench 8.8% · 1Y -2.3%10 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 5.8 + 11.7 + 8.8 = 44.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Hi-Tech Pipes LtdHITECH 39.1/100Mixed-negative evidence77% evidence ASLEEP 16.5/35 Revenue 36.9% · PAT 4.1% · OPM change -1.7 pp 83% evidence 7.0/25 ROCE 9.8% · OPM 3.1% 95% evidence 10.1/20 P/E 22.6× · PEG — 50% evidence 5.5/20 RS sector -9.4% · RS bench -9.4% · 1Y -8.4%3 of 10 weeks ahead 70% evidence
Exact sum: 16.5 + 7 + 10.1 + 5.5 = 39.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Maharashtra Seamless LtdMAHSEAMLES 35.5/100Mixed-negative evidence78% evidence ASLEEP 7.6/35 Revenue -11.3% · PAT -9.8% · OPM change -2 pp 83% evidence 13.6/25 ROCE 14.3% · OPM 18% 76% evidence 12.2/20 P/E 10.8× · PEG — 50% evidence 2.1/20 RS sector -15.1% · RS bench -5.8% · 1Y -19.9%4 of 12 weeks ahead 100% evidence
Exact sum: 7.6 + 13.6 + 12.2 + 2.1 = 35.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Surya Roshni LtdSURYAROSNI 27.2/100Adverse evidence90% evidence ASLEEP 6.6/35 Revenue 1.4% · PAT -17.3% · OPM change -2 pp 88% evidence 12.6/25 ROCE 15.8% · OPM 7% 100% evidence 4.1/20 P/E 18.2× · PEG 4.08 100% evidence 3.9/20 RS sector -17% · RS bench -8.4% · 1Y -29%7 of 10 weeks ahead 70% evidence
Exact sum: 6.6 + 12.6 + 4.1 + 3.9 = 27.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Rama Steel Tubes LtdRAMASTEEL 22.4/100Adverse evidence77% evidence ASLEEP 7.5/35 Revenue 7.3% · PAT -49.3% · OPM change -2.4 pp 83% evidence 4.0/25 ROCE 5.6% · OPM 1.7% 95% evidence 7.9/20 P/E 53.7× · PEG — 50% evidence 3.0/20 RS sector -48.6% · RS bench -46.7% · 1Y -63.2%0 of 10 weeks ahead 70% evidence
Exact sum: 7.5 + 4 + 7.9 + 3 = 22.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
Showing 10 of 15 companies
05 · what price has already done

Market action

DEE Development Engineers Ltd has the strongest one-year price move in Steel - Tubes/Pipes at +127.2%. It also leads on Mansfield relative strength against NIFTY at +87.6%. 8 of 15 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · 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 ₹23,064 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 Jun 2026.

What the numbers say: APL Apollo Tubes Ltd is the scale leader at ₹23,064 crore, 205.9% 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 · ₹23,064 crore
Gap205.9% versus #2 · Surya Roshni Ltd
Persistence8/8 recent comparable periods
Coverage15/15 companies · 230 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₹23.1K 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

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
APL Apollo Tubes Ltd APLAPOLLO₹5.6K Cr8.5%Jun 2026
Surya Roshni Ltd SURYAROSNI₹2.2K Cr0.8%Mar 2026
Hi-Tech Pipes Ltd HITECH⚠ unverified₹1.5K Cr102%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 Cr48%Mar 2026
Sambhv Steel Tubes Ltd SAMBHV₹685 Cr38%Mar 2026
Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified₹507 Cr27%Mar 2026
DEE Development Engineers Ltd DEEDEV₹362 Cr27%Mar 2026
Venus Pipes & Tubes Ltd VENUSPIPES₹302 Cr17%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 Cr9.0%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
₹5.6K 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%
8.5%

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%
07 · 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 · 261 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+4.2 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
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified41%+4.3 ppMar 2026
Maharashtra Seamless Ltd MAHSEAMLES18%−2.0 ppMar 2026
DEE Development Engineers Ltd DEEDEV18%−4.0 ppMar 2026
Venus Pipes & Tubes Ltd VENUSPIPES16%0.0 ppMar 2026
Scoda Tubes Ltd SCODATUBES⚠ unverified14%−0.6 ppMar 2026
Sambhv Steel Tubes Ltd SAMBHV13%+3.0 ppMar 2026
Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified13%+1.0 ppMar 2026
Man Industries (India) Ltd MANINDS12%+2.0 ppMar 2026
Goodluck India Ltd GOODLUCK10%+2.0 ppMar 2026
JTL Industries Ltd JTLIND8.0%+4.2 ppMar 2026
APL Apollo Tubes Ltd APLAPOLLO7.0%0.0 ppJun 2026
Surya Roshni Ltd SURYAROSNI7.0%−2.0 ppMar 2026
Welspun Specialty Solutions Ltd WELSPLSOL5.4%+3.3 ppJun 2026
Hi-Tech Pipes Ltd HITECH⚠ unverified3.1%−1.7 ppMar 2026
Rama Steel Tubes Ltd RAMASTEEL⚠ unverified1.7%−2.4 ppMar 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%
2.9%
6.0%
8.0%
7.0%
9.0%
8.0%
8.0%
7.0%

DEE Development Engineers Ltd · DEEDEV

—
—
—
—
—
—
14%
9.0%
13%
14%
14%
13%
15%
3.5%
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%
4.8%
3.3%
3.6%
5.0%
5.0%
4.9%
6.0%
5.0%
4.8%
5.0%
5.0%
3.9%
3.1%
—

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%
3.8%
4.3%
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%
4.3%
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
−4.1 pp
−1.0 pp
+2.0 pp
+1.0 pp
+6.1 pp
+2.0 pp
0.0 pp
0.0 pp

DEE Development Engineers Ltd · DEEDEV

—
—
—
—
—
—
—
—
—
—
0.0 pp
+4.0 pp
+2.0 pp
−10.5 pp
+8.0 pp
+3.0 pp
+1.0 pp
+13.5 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
−0.2 pp
−0.2 pp
−0.3 pp
0.0 pp
+0.2 pp
+1.6 pp
+2.4 pp
0.0 pp
−0.2 pp
+0.1 pp
−1.0 pp
−1.1 pp
−1.7 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
−4.2 pp
−3.7 pp
+2.0 pp
0.0 pp
+4.2 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
−3.7 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
08 · 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 ₹1,229 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 ₹1,229 crore of TTM profit, 75.3% 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 · ₹1,229 crore
Gap75.3% versus #2 · Maharashtra Seamless Ltd
Persistence7/8 recent comparable periods
Coverage15/15 companies · 230 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 APLAPOLLO53%
4Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified23%
5Scoda Tubes Ltd SCODATUBES⚠ unverified22%
Net profit · company comparison
15/15 level · 14/15 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
APL Apollo Tubes Ltd APLAPOLLO₹263 Cr11%Jun 2026
Maharashtra Seamless Ltd MAHSEAMLES₹103 Cr-57%Mar 2026
Surya Roshni Ltd SURYAROSNI₹98 Cr-25%Mar 2026
Goodluck India Ltd GOODLUCK₹56 Cr33%Mar 2026
Sambhv Steel Tubes Ltd SAMBHV₹53 Cr212%Mar 2026
Man Industries (India) Ltd MANINDS₹51 Cr-25%Mar 2026
JTL Industries Ltd JTLIND₹38 Cr124%Mar 2026
Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified₹30 Cr76%Mar 2026
DEE Development Engineers Ltd DEEDEV₹28 Cr-13%Mar 2026
Venus Pipes & Tubes Ltd VENUSPIPES₹26 Cr8.3%Mar 2026
Hi-Tech Pipes Ltd HITECH⚠ unverified₹18 Cr0.0%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 Cr20%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
₹263 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%
11%

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%
—
09 · 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 Jun 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

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
CompanyROCEROCE changeReported
APL Apollo Tubes Ltd APLAPOLLO26%+6.0 ppJun 2026
Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified25%+0.8 ppMar 2026
Venus Pipes & Tubes Ltd VENUSPIPES21%−4.9 ppMar 2026
Goodluck India Ltd GOODLUCK19%+0.9 ppMar 2026
Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified17%−1.2 ppMar 2026
Sambhv Steel Tubes Ltd SAMBHV17%+4.6 ppMar 2026
Scoda Tubes Ltd SCODATUBES⚠ unverified15%−14.2 ppMar 2026
Man Industries (India) Ltd MANINDS15%+0.5 ppMar 2026
DEE Development Engineers Ltd DEEDEV13%+4.7 ppMar 2026
Surya Roshni Ltd SURYAROSNI13%−4.9 ppMar 2026
Welspun Specialty Solutions Ltd WELSPLSOL10%−0.5 ppJun 2026
Hi-Tech Pipes Ltd HITECH⚠ unverified10%−0.6 ppMar 2026
JTL Industries Ltd JTLIND8.3%−0.9 ppMar 2026
Rama Steel Tubes Ltd RAMASTEEL⚠ unverified2.1%−5.4 ppMar 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
10 · compare level, then change

Valuation Against Growth & Quality

Man Industries (India) Ltd has the lowest 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 10.8×, 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 PEG at 0.2×, 60.8% below Goodluck India Ltd. Only 7 of 15 companies have earnings and growth steady enough for the ratio to mean anything, 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 · 48 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1Man Industries (India) Ltd MANINDS0.2
2Goodluck India Ltd GOODLUCK0.5
3DEE Development Engineers Ltd DEEDEV0.6
4APL Apollo Tubes Ltd APLAPOLLO0.7
5JTL Industries Ltd JTLIND1.3
P/Elowest P/E
1Maharashtra Seamless Ltd MAHSEAMLES10.8
2Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified16.0
3Surya Roshni Ltd SURYAROSNI18.2
4Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified18.4
5Hi-Tech Pipes Ltd HITECH⚠ unverified22.6
Valuation · company comparison
7/15 level · 15/15 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Surya Roshni Ltd SURYAROSNI4.113.5Mar 2026
Venus Pipes & Tubes Ltd VENUSPIPES3.419.1Mar 2026
JTL Industries Ltd JTLIND1.321.6Mar 2026
APL Apollo Tubes Ltd APLAPOLLO0.741.4Jun 2026
DEE Development Engineers Ltd DEEDEV0.622.9Mar 2026
Goodluck India Ltd GOODLUCK0.519.3Mar 2026
Man Industries (India) Ltd MANINDS0.212.2Mar 2026
Maharashtra Seamless Ltd MAHSEAMLES—9.0Mar 2026
Sambhv Steel Tubes Ltd SAMBHV—24.4Mar 2026
Welspun Specialty Solutions Ltd WELSPLSOL—171.4Jun 2026
Hi-Tech Pipes Ltd HITECH⚠ unverified—19.6Mar 2026
Hariom Pipe Industries Ltd HARIOMPIPE⚠ unverified—14.7Mar 2026
Gandhi Special Tubes Ltd GANDHITUBE⚠ unverified—13.2Mar 2026
Scoda Tubes Ltd SCODATUBES⚠ unverified—17.6Mar 2026
Rama Steel Tubes Ltd RAMASTEEL⚠ unverified—42.8Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

APL Apollo Tubes Ltd · APLAPOLLO

0.8
—
—
—
—
—
6.1
—
3.4
2.4
3.1
—
—
—
—
—
6.1
—
—
0.7

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
41.4

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
11 · 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.
12 · 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 2026-07-31. 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 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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.
How a second data feed is admitted, and what happens when it disagrees

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.

13 · questions investors ask, short speakable answers

Steel - Tubes/Pipes company comparison FAQs

These 24 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 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Steel - Tubes/Pipes sector outperforming NIFTY 500?

Steel - Tubes/Pipes has outperformed NIFTY 500 by 8.4% over 52 weeks and 3.5% over 13 weeks. 8 of 15 covered companies beat NIFTY on Mansfield relative strength, while 5 of 14 beat the sector itself.

Which Steel - Tubes/Pipes company is largest by revenue?

APL Apollo Tubes Ltd leads with revenue of ₹23,064 crore, based on 15 of 15 comparable companies through Jun 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 67.7/100 with 72.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Steel - Tubes/Pipes company has the lowest comparable PEG?

Man Industries (India) Ltd has the lowest comparable PEG at 0.2, among 7 of 15 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Steel - Tubes/Pipes comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

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 ₹23,064 crore, ahead of Surya Roshni Ltd at ₹7,540 crore. That covers 15 of 15 companies with comparable reporting through Jun 2026.

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 ₹1,229 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 PEG — where a LOWER number is cheaper — Man Industries (India) Ltd screens cheapest at 0.2×. Only 7 of 15 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Steel - Tubes/Pipes sector beating the market?

Steel - Tubes/Pipes has outperformed NIFTY 500 by 8.4% over the last 52 weeks and 3.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 8 of 15 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

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 67.7 out of 100 with 72.6% evidence confidence, from 30.6 points on growth and earnings, 15.5 on capital efficiency, 10 on valuation and 11.6 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, 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 ₹96,247 crore of combined market value. APL Apollo Tubes Ltd is the largest at ₹50,520 crore, about 52% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

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 24.4×, 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 2026-08-05.

How is the Steel - Tubes/Pipes sector performing?

8 of the 15 covered Steel - Tubes/Pipes companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 8.4% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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.

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