Gandhi Special Tubes Ltd
GANDHITUBEGandhi Special Tubes Ltd's earnings have outrun its stock. EPS grew +16.5% in a year against a +16.2% price move.
Biggest watch item: margins are the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on margins holding.
The price is in a confirmed uptrend (20 weeks in) while the P/E sits at the 40th percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +27.3% year on year, and 70% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Gandhi Special Tubes Ltd trades at ₹883, in a confirmed uptrend and 20 weeks into that stage. That is +5.3% against its own 200-day average. It sits at 75% of a 52-week range of ₹700 to ₹944. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a confirmed uptrend — week 20 of stage 2, confirmed. At ₹883 it trades +5.3% versus its 200-day average and sits at 75% of its 52-week range (₹700–₹944).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +320% while the NIFTY 500 moved +284% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-08-07) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Gandhi Special Tubes Ltd's story is not scored yet against the markers our research file set on 27 June 2026. Where it sits in its own cycle: MID_CYCLE_MARGIN_EXPANSION. Our fortnightly research layers last read it on 19 July 2026.
Our read, 27 June 2026. A debt-free precision tube manufacturer with structurally high margins facing near-term volume stagnation and one-off non-operating hits.
From the numbers. PE at 14.7x is at the 50th percentile of 10Y history — neither compressed nor extended. The GOLDEN_SETUP signal from pe_pb_cycle is based on EARNINGS_DRIVEN decomposition and INFLECTION_UP trend, but the absolute…
From the price. Price stage 2, week 20 — above its 200-day line, relative strength falling.
From the research. A debt-free precision tube manufacturer with structurally high margins facing near-term volume stagnation and one-off non-operating hits.
🚨 Where they disagree. PE at 14.7x is at the 50th percentile of 10Y history — neither compressed nor extended. The GOLDEN_SETUP signal from pe_pb_cycle is based on EARNINGS_DRIVEN decomposition and INFLECTION_UP trend, but the absolute percentile is median. Earnings are growing but PE hasn't compressed significantly, suggesting the market is tracking the earnings improvement in real time. Not a classic 'buy before the PE re-rates' setup — more of a 'hold through the earnings compounder' setup. Bronze conviction appropriate.
What is proven. A debt-free precision tube manufacturer with structurally high margins facing near-term volume stagnation and one-off non-operating hits.
What is not proven yet. A sharp deterioration in core operating margins to significantly lower levels or two consecutive quarters of double-digit revenue decline would invalidate the thesis of a stable, high-margin compounder.
🚨 What would change our mind. A sharp deterioration in core operating margins to significantly lower levels or two consecutive quarters of double-digit revenue decline would invalidate the thesis of a stable, high-margin compounder.
🚨 Layer 1 read, 19 July 2026 — DROP. Debt-free high-margin compounder, but revenue flat 12 quarters and the only engine (margin) is at peak — hold, don't add. The core thesis survives: zero debt, structurally high margins, and the scary Q4 FY26 PAT halving was mostly a -5.47cr other-income swing, not a core collapse. But the growth is over for now — revenue has been flat in a 41-48cr band for 12 straight quarters and the OPM that carried earnings (37->46%) is at the top of its 10-year band and already gave back to 41.3% in Q4, with the operating cycle now reading CONTRACTION. I verified the RED working-capital dig via the DB and it's inventory-led, not receivables (debtor days fell 47->39), so it's capital tie-up, not fake sales — a rank-down, not a DROP.
What would change Layer 1’s mind. Two consecutive quarters of double-digit revenue DECLINE, OR core operating margin (ex-other-income) breaking below ~36-38% — either would turn this from an optical-hit stable compounder into a genuine structural contraction and flip P2->DROP (sharpened from thesis.would_change_my_mind). Conversely, Q1 FY27 revenue YoY >10% (milestone M3) breaking the 12-quarter plateau would restore a runway driver and lift it toward P1.
The test written in advance. A sharp deterioration in core operating margins to significantly lower levels or two consecutive quarters of double-digit revenue decline would invalidate the thesis of a stable, high-margin compounder. — the thesis as written as stated by the next result.
🚨 What the surface reading misses. The surface reading is: High PAT drop suggests collapsing business fundamentals. The research reads it further: The decline was largely driven by a non-operating one-off negative other income rather than a core business collapse, though operating margins did see some compression.
Sources: our stock research file (27 June 2026) · quarterly results through Jun 26. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Gandhi Special Tubes Ltd reported ₹57.0 Cr of revenue in the Jun 26 quarter, +18.8% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 7.8% a year. The last full year, FY26, came in at ₹192 Cr. The last four reported quarters add to ₹200 Cr.
FY26 revenue came in at ₹192 Cr (+11.0% on the year), capping 10 years at 7.8% compound. The latest quarter (Jun 26) printed ₹57.0 Cr, +18.8% year on year — the 3rd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +11.5% growth against the decade's 7.8% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +11.1% over the last 4 quarters against +10.1%/yr over the last 8 — stabilising; TTM profit +13.6% vs +19.0%/yr — rolling over.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Gandhi Special Tubes Ltd's operating margin is 47.0% in the Jun 26 quarter, +4.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 25.0% to 44.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 47.0%, +4.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 25.0%–44.0%, and FY26's 44.0% is the top of that band — a record year.
Why the margin moved: operating margin went +3.5 pp year on year while gross margin went +3.8 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Gandhi Special Tubes Ltd earned ₹28.0 Cr of net profit in the Jun 26 quarter, +27.3% year on year. Full-year FY26 profit was ₹68.0 Cr. The 10-year compound rate is 13.6%. That is 49.1% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr.
Jun 26 profit was ₹28.0 Cr, +27.3% year on year. On the full year, FY26 printed ₹68.0 Cr (+15.3%), and the 10-year compound rate is 13.6%.
Why profit moved: revenue contributed +18.8% and the margin +4.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +10.4% vs revenue +11.5%. Profit and revenue are moving roughly in step.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 70% of Gandhi Special Tubes Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹55.0 Cr of operating cash against ₹68.0 Cr of profit. After ₹2.0 Cr of capital spending, ₹53.0 Cr was left as free cash.
FY26: operating cash of ₹55.0 Cr against reported profit of ₹68.0 Cr, leaving free cash of ₹53.0 Cr after ₹2.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 70% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 70%: the cash cycle stretched 72 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: conversion is below par and the cash cycle has stretched 72 days — the next section's job is to find where the cash is stuck.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Gandhi Special Tubes Ltd's cash conversion cycle runs 341 days in FY26, up from 269 days in FY21. Capital spending ran ₹7.0 Cr over the last 3 years. At FY26 sales of ₹192 Cr each day of that cycle holds about ₹0.5 Cr, so roughly ₹179 Cr sits inside the business at any moment.
FY26: debtors at 39 days, inventory at 313 days — roughly 10.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 341 days, looser than FY21's 269.
The full loop: cash goes out to suppliers and production on day 0; stock waits 313 days to sell; customers pay about 39 days after that; and suppliers themselves are paid at 10 days — netting out to the 341-day cycle.
In money terms: at FY26 sales of ₹192 Cr, each day of the cycle holds about ₹0.5 Cr — so the 341-day loop keeps roughly ₹179 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹7.0 Cr over the last 3 fiscal years against ₹9.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Gandhi Special Tubes Ltd earns a ROCE of 28% in FY26. That is up from a trough of 13% in FY15. Return on invested capital clears the cost of that capital by +8.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 35.4% net margin on 0.56× asset turns.
FY26 ROCE is 28%, recovered from a FY15 trough of 13% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 35.4% net margin × 0.56× asset turns × 1.08× balance-sheet leverage ≈ 21.4% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 20.7% − 12.0% = a +8.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Gandhi Special Tubes Ltd carries total debt of ₹0.0 Cr against shareholder equity of ₹316 Cr as of Mar 26, a debt-to-equity of 0.00 — effectively unlevered. On the annual view that ratio went from 0.00 in FY22 to 0.00 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Why this happened. The company operates with zero debt, which protects margins during cyclical downturns and allows for consistent dividend payouts and periodic share buybacks.
Mar 26: total debt of ₹0.0 Cr against shareholder equity of ₹316 Cr — a debt-to-equity of 0.00. On the annual view, debt-to-equity went from 0.00 (FY22) to 0.00 (FY26). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Gandhi Special Tubes Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.1 points over the same window, to 0.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −0.2 points over 8 quarters to 1.2%; Domestic institutions: +0.1 points over 8 quarters to 0.1%; Promoters: +0.0 points over 8 quarters to 73.5%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Gandhi Special Tubes Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Gandhi Special Tubes Ltd trades at 14.2× P/E, mid-range by its own standards (40th percentile). Its long-run median P/E is 14.9×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 14.2× is mid-range by its own standards (40th percentile), against a long-run median of 14.9× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +16.5% against a +16.2% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +13.0%/yr price move, ~+12.8%/yr came from earnings growth and ~+0.2 pp from the multiple (roughly flat); over 10y, of the +11.4%/yr price move, ~+14.8%/yr came from earnings growth and ~−3.4 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Gandhi Special Tubes Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 28.0% and holding. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +11.0% | +4.8% | +11.0% | +7.8% |
| Profit | +15.3% | +13.1% | +13.6% | +13.6% |
| EPS | +16.5% | +13.0% | +15.0% | +16.1% |
| Share price | +16.2% | +9.5% | +13.0% | +11.4% |
4-Factor Sector Score
58.9/100 — rank 6 of 15 in Steel - Tubes/Pipes · 87% evidence confidence
Gandhi Special Tubes Ltd scores 58.9 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 6. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 22 + 19.3 + 11.3 + 6.3 = 58.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1APL Apollo Tubes LtdAPLAPOLLO | 71.0/100Favorable setup100% evidence | TURNING | 24.1/35 Revenue 10.4% · PAT 53.4% · OPM change 0 pp 100% evidence | 18.6/25 ROCE 31.6% · OPM 7% 100% evidence | 14.6/20 P/E 47.1× · PEG 0.7 100% evidence | 13.7/20 RS sector -0.4% · RS bench 8.6% · 1Y 31.6%1 of 12 weeks ahead 100% evidence |
| Exact sum: 24.1 + 18.6 + 14.6 + 13.7 = 71 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Sambhv Steel Tubes LtdSAMBHV | 68.0/100Favorable setup77% evidence | TURNING | 28.2/35 Revenue 48.7% · PAT 100% · OPM change 0 pp 100% evidence | 16.2/25 ROCE 19.4% · OPM 13% 100% evidence | 10.4/20 P/E 21.3× · PEG — 15% evidence | 13.2/20 RS sector 1.5% · RS bench 9.6% · 1Y 0.6%5 of 12 weeks ahead 70% evidence |
| Exact sum: 28.2 + 16.2 + 10.4 + 13.2 = 68 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Man Industries (India) LtdMANINDS | 64.3/100Mixed-positive evidence100% evidence | TURNING | 23.0/35 Revenue 10.8% · PAT 25.9% · OPM change 7 pp 100% evidence | 14.5/25 ROCE 16.2% · OPM 14% 100% evidence | 11.9/20 P/E 22× · PEG 0.2 100% evidence | 14.9/20 RS sector 21.1% · RS bench 30% · 1Y 42.8%7 of 12 weeks ahead 100% evidence |
| Exact sum: 23 + 14.5 + 11.9 + 14.9 = 64.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4DEE Development Engineers LtdDEEDEV | 63.3/100Mixed-positive evidence93% evidence | LEADER | 27.8/35 Revenue 40.1% · PAT 50% · OPM change 1 pp 100% evidence | 8.1/25 ROCE 10.9% · OPM 17% 100% evidence | 13.0/20 P/E 58× · PEG 0.62 65% evidence | 14.4/20 RS sector 60% · RS bench 67.5% · 1Y 140.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 27.8 + 8.1 + 13 + 14.4 = 63.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Venus Pipes & Tubes LtdVENUSPIPES | 60.1/100Mixed-positive evidence100% evidence | LEADER | 16.1/35 Revenue 21.9% · PAT 14.3% · OPM change 0 pp 100% evidence | 19.8/25 ROCE 22.5% · OPM 16% 100% evidence | 5.6/20 P/E 31.4× · PEG 4.16 100% evidence | 18.6/20 RS sector 10.2% · RS bench 18.3% · 1Y 18.9%12 of 12 weeks ahead 100% evidence |
| Exact sum: 16.1 + 19.8 + 5.6 + 18.6 = 60.1 · Decision use: Price leads the evidence: RS versus the benchmark is 18.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 6Gandhi Special Tubes Ltdthis pageGANDHITUBE | 58.9/100Mixed-positive evidence87% evidence | ASLEEP | 22.0/35 Revenue 11.1% · PAT 13.6% · OPM change 4 pp 95% evidence | 19.3/25 ROCE 28.4% · OPM 47% 95% evidence | 11.3/20 P/E 14.2× · PEG — 50% evidence | 6.3/20 RS sector -4.8% · RS bench 3.1% · 1Y 23.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 22 + 19.3 + 11.3 + 6.3 = 58.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7JTL Industries LtdJTLIND | 58.7/100Mixed-positive evidence100% evidence | TURNING | 25.3/35 Revenue 19% · PAT 42.4% · OPM change 3.7 pp 100% evidence | 5.5/25 ROCE 9.6% · OPM 8% 100% evidence | 13.4/20 P/E 25.1× · PEG 1.27 100% evidence | 14.5/20 RS sector 0.1% · RS bench 8% · 1Y 6.2%9 of 12 weeks ahead 100% evidence |
| Exact sum: 25.3 + 5.5 + 13.4 + 14.5 = 58.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Welspun Specialty Solutions LtdWELSPLSOL | 49.6/100Mixed-negative evidence74% evidence | LEADER | 20.0/35 Revenue 15.2% · PAT 100% · OPM change 3.3 pp 74% evidence | 5.8/25 ROCE 9.9% · OPM 5.4% 100% evidence | 8.5/20 P/E 111× · PEG — 15% evidence | 15.3/20 RS sector 7.2% · RS bench 15.3% · 1Y 54.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 20 + 5.8 + 8.5 + 15.3 = 49.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Goodluck India LtdGOODLUCK | 44.7/100Mixed-negative evidence100% evidence | FADING | 20.4/35 Revenue 9.9% · PAT 23.5% · OPM change 1 pp 100% evidence | 11.1/25 ROCE 14.4% · OPM 10% 100% evidence | 6.0/20 P/E 21.6× · PEG 1.69 100% evidence | 7.2/20 RS sector -1.4% · RS bench 6.3% · 1Y 29.8%10 of 12 weeks ahead 100% evidence |
| Exact sum: 20.4 + 11.1 + 6 + 7.2 = 44.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Scoda Tubes LtdSCODATUBES | 44.7/100Mixed-negative evidence65% evidence | ASLEEP | 9.6/35 Revenue 11.2% · PAT 8.7% · OPM change -1.7 pp 95% evidence | 16.8/25 ROCE 16.5% · OPM 12.8% 95% evidence | 10.1/20 P/E 21.6× · PEG — 15% evidence | 8.2/20 RS sector — · RS bench -12.6% · 1Y -28.8%1 of 10 weeks ahead 25% evidence |
| Exact sum: 9.6 + 16.8 + 10.1 + 8.2 = 44.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Hariom Pipe Industries LtdHARIOMPIPE | 43.5/100Mixed-negative evidence74% evidence | BREAKING OUT | 12.0/35 Revenue 10.8% · PAT 1.5% · OPM change 0 pp 95% evidence | 15.3/25 ROCE 15.7% · OPM 12% 95% evidence | 10.9/20 P/E 15.9× · PEG — 15% evidence | 5.3/20 RS sector -14.3% · RS bench -11.9% · 1Y -20.1%10 of 10 weeks ahead 70% evidence |
| Exact sum: 12 + 15.3 + 10.9 + 5.3 = 43.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Maharashtra Seamless LtdMAHSEAMLES | 41.5/100Mixed-negative evidence82% evidence | BASING | 9.7/35 Revenue -12.2% · PAT -16.1% · OPM change 2 pp 95% evidence | 13.3/25 ROCE 14.3% · OPM 16% 76% evidence | 12.2/20 P/E 11.1× · PEG — 50% evidence | 6.3/20 RS sector -5.8% · RS bench 2.1% · 1Y -7.1%2 of 12 weeks ahead 100% evidence |
| Exact sum: 9.7 + 13.3 + 12.2 + 6.3 = 41.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Surya Roshni LtdSURYAROSNI | 33.4/100Adverse evidence100% evidence | ASLEEP | 13.3/35 Revenue 11.7% · PAT 8.3% · OPM change 0.7 pp 100% evidence | 11.4/25 ROCE 15.8% · OPM 5% 100% evidence | 4.8/20 P/E 15.6× · PEG 4.08 100% evidence | 3.9/20 RS sector -21.2% · RS bench -14.4% · 1Y -28.8%7 of 12 weeks ahead 100% evidence |
| Exact sum: 13.3 + 11.4 + 4.8 + 3.9 = 33.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Hi-Tech Pipes LtdHITECH | 31.8/100Adverse evidence87% evidence | ASLEEP | 14.8/35 Revenue 61.2% · PAT -1.3% · OPM change -1.5 pp 95% evidence | 5.4/25 ROCE 9.8% · OPM 3.5% 95% evidence | 10.2/20 P/E 21.1× · PEG — 50% evidence | 1.4/20 RS sector -23% · RS bench -16.4% · 1Y -13.7%4 of 12 weeks ahead 100% evidence |
| Exact sum: 14.8 + 5.4 + 10.2 + 1.4 = 31.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Rama Steel Tubes LtdRAMASTEEL | 25.1/100Adverse evidence87% evidence | BASING | 8.7/35 Revenue -1.8% · PAT -44.1% · OPM change 2.1 pp 95% evidence | 4.7/25 ROCE 5.6% · OPM 2.7% 95% evidence | 7.8/20 P/E 55.7× · PEG — 50% evidence | 3.9/20 RS sector -47% · RS bench -41.6% · 1Y -58.7%1 of 12 weeks ahead 100% evidence |
| Exact sum: 8.7 + 4.7 + 7.8 + 3.9 = 25.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
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.
Frequently asked questions
What is Gandhi Special Tubes Ltd's share price today?
Gandhi Special Tubes Ltd trades at ₹883, +16.2% over the past year. The company is valued at ₹1,073 Cr. The stock sits at 75% of its 52-week range of ₹700–₹944, +5.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 20 weeks in. — as of 14 August 2026.
What were Gandhi Special Tubes Ltd's latest quarterly results?
Gandhi Special Tubes Ltd reported revenue of ₹57.0 Cr and net profit of ₹28.0 Cr for the Jun 26 quarter. Revenue rose 18.8% and profit rose 27.3% year on year. Earnings per share were ₹22.99. The operating margin was 47.0%, 4.0 pp higher than a year earlier. — as of 14 August 2026.
What is Gandhi Special Tubes Ltd's revenue?
Gandhi Special Tubes Ltd reported revenue of ₹57.0 Cr in the Jun 26 quarter, +18.8% year on year. For the full FY26 fiscal year, revenue was ₹192 Cr (+11.0%). Over the last 10 years revenue compounded at 7.8% a year. — as of 14 August 2026.
What is Gandhi Special Tubes Ltd's profit?
Gandhi Special Tubes Ltd earned ₹28.0 Cr of net profit in the Jun 26 quarter, +27.3% year on year. Full-year FY26 profit was ₹68.0 Cr. The operating margin ran 47.0% in the latest quarter. — as of 14 August 2026.
What is Gandhi Special Tubes Ltd's market cap?
Gandhi Special Tubes Ltd's market capitalisation is ₹1,073 Cr at a share price of ₹883. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.
What is Gandhi Special Tubes Ltd's P/E ratio?
Gandhi Special Tubes Ltd trades at a P/E of 14.2×, at the 40th percentile of its own 11-year range, against a long-run median of 14.9×. This is a comparison with the stock's own history, not a value call — as of 14 August 2026.
Does Gandhi Special Tubes Ltd pay a dividend?
Yes — Gandhi Special Tubes Ltd's dividend payout was 27% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 14 August 2026.
Is Gandhi Special Tubes Ltd overvalued?
On its own history, Gandhi Special Tubes Ltd looks mid-range: its P/E of 14.2× sits at the 40th percentile of its 11-year range (long-run median 14.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 14 August 2026.
Is Gandhi Special Tubes Ltd growing?
Yes — Gandhi Special Tubes Ltd is growing: latest-quarter revenue +18.8% year on year, profit +27.3%, and the margin +4.0 pp at 47.0%. The 10-year compound rates are 7.8% (revenue) and 13.6% (profit). The earnings engine currently reads: improving — as of 14 August 2026.
How is Gandhi Special Tubes Ltd performing?
Gandhi Special Tubes Ltd is in a confirmed uptrend, 20 weeks in. Its latest quarter's revenue rose 18.8% and profit rose 27.3% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 14 August 2026.
What stage is Gandhi Special Tubes Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 28.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +11.1% latest, profit growth +13.6% latest, eps growth +13.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 14 August 2026.
Is Gandhi Special Tubes Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 20 of stage 2), trading +5.3% versus its 200-day average and at 75% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 14 August 2026.
Is Gandhi Special Tubes Ltd beating the market?
Not lately — on a trailing-13-week view Gandhi Special Tubes Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-08-07), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +320% against the NIFTY 500's +284% — ahead of the index over the full window. — as of 14 August 2026.
Will Gandhi Special Tubes Ltd's share price go up?
This page publishes no price forecast for Gandhi Special Tubes Ltd. What it measures instead: the share price is ₹883, the price is in a confirmed uptrend 20 weeks in. Its P/E of 14.2× sits at the 40th percentile of its own 11-year range. — as of 14 August 2026.
Who owns Gandhi Special Tubes Ltd?
Promoters hold 73.5% of Gandhi Special Tubes Ltd, foreign institutions 1.2%, domestic institutions 0.1% and the public 25.2% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 14 August 2026.
Does Gandhi Special Tubes Ltd have too much debt?
No — Gandhi Special Tubes Ltd's debt-to-equity is 0.00. FY26 borrowings were ₹0.0 Cr against equity of ₹316 Cr. The returns on this page are earned, not borrowed — as of 14 August 2026.
What is Gandhi Special Tubes Ltd's capex?
Gandhi Special Tubes Ltd spent ₹7.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹2.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.
What is Gandhi Special Tubes Ltd's cash flow?
Gandhi Special Tubes Ltd generated ₹55.0 Cr of operating cash flow in FY26 and ₹53.0 Cr of free cash flow after ₹2.0 Cr of capital spending. Reported profit that year was ₹68.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 14 August 2026.
Is Gandhi Special Tubes Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 70% of Gandhi Special Tubes Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹55.0 Cr against reported profit of ₹68.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 14 August 2026.
Where is Gandhi Special Tubes Ltd in its business cycle?
Gandhi Special Tubes Ltd's FY26 operating margin was 44.0%, against a 13-year band of 25.0%–44.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 47.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.
What could break the Gandhi Special Tubes Ltd story?
Biggest watch item: margins are the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on margins holding. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 14 August 2026.
Is Gandhi Special Tubes Ltd a stock worth studying right now?
This is not investment advice. The machine read: Gandhi Special Tubes Ltd's earnings have outrun its stock. EPS grew +16.5% in a year against a +16.2% price move. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.