Gandhi Special Tubes Ltd (GANDHITUBE) — share price & stock analysis

Market cap

₹1,043 Cr

P/E

15.1×

ROE

23.7%

vs own 10-yr valuation

56th pctile

Book value / share

₹260

EPS (TTM)

₹56.8

10-yr median P/E

14.8×

Revenue (FY26)

₹192 Cr

Profit after tax (FY26)

₹68 Cr

Weinstein stage

Stage 2 (14 weeks)

Data as of

1 July 2026

4 of the 6 things we track are currently moving the right way — most of the dashboard is turning up.

Where the levels actually stand: ROCE 32% — a high-quality engine; effectively no debt; margins at an all-time high. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).

Earnings moved first — the price is still catching up

Since Mar 2016, earnings per share grew 350% while the stock is up 315%. The business has outrun its own share price.pricettm_eps

When profits grow faster than the price, the stock quietly gets cheaper while doing better — the market hasn’t fully caught up.

Today’s P/E of 15.1× is the middle of its own range against its own 10-year history (56th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (14.8×).

An uptrend that has held for 14 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 14 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹823 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 26 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

10 of the last 12 years ended with profits higher — quiet, steady compounding

Over 12 years, sales went from ₹84.0 Cr to ₹192 Cr (about 7% a year), and profit from ₹17.0 Cr to ₹68.0 Cr.revenuenet_profit

Margins widened 12.8 points along the way — growth with improving economics.operating_profit

Sales grew 9% last quarter

Mar 26 sales were ₹47.2 Cr, up 9% on the same quarter last year.revenue

Margins are widening — 37% → 41% in a year

Of every ₹100 of sales, the company keeps ₹41.3 as operating profit (a year ago it kept ₹37.0).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 35.8% in FY22 and has been rebuilt to 43.8% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The gross margin moved the same way (58% → 61%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct

Profit fell hard 22% — mostly from income from outside the core business

Mar 26 profit after tax was ₹9.4 Cr, down 22% year on year.net_profit

A caution: a meaningful slice of this jump came from income outside the core business — that is lower-quality profit and may not repeat.other_income

Most of the profit becomes cash — but not all

Over the last 5 profitable years, the business reported ₹269 Cr of profit and collected ₹215 Cr of operating cash — about 80% conversion.operating_cash_flownet_profit

The cash cycle is stretching — more money stuck in the pipeline

One rupee now takes about 341 days to go out the door as materials and come back as collected cash — up from 302 days the year before.cash_conversion_cycle

The biggest mover: inventory sitting longer in the warehouse (266 → 313 days).inventory_days

No big build-out underway — growth must come from what already exists

The productive asset base has gone from ₹64.0 Cr (FY14) to ₹42.0 Cr.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹101 Cr) fits inside the operating cash the business generated (₹128 Cr).investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹0.borrowings

Every ₹100 kept in the business now earns ₹32 — and the number is rising

Return on capital employed is 32.0% (a year ago: 28.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

The owners aren’t moving

Promoters hold 73.5%, essentially unchanged. Foreign funds own 1.2%, domestic funds 0.1%.promoters_pctfiis_pctdiis_pct

A good business — the question is the price

The numbers are genuinely mixed, and the price hasn’t fully caught up with the improvement.

Best thing in the data: returns on capital rising (28.0% → 32.0%).roce_pct

Biggest worry: profit falling (₹11.9 Cr → ₹9.4 Cr).net_profit

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data