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Surani Steel Tubes Ltd.

Surani Steel Tubes Ltd.

SURANI.NS
Surani Steel Tubes Ltd.IN flagNational Stock Exchange of India
105.00
INR
-1.00
- -
1.63BMarket Cap
Surani Steel Tubes Ltd.
SURANI.NS
(National Stock Exchange of India)

Recent

price

105.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
FRC
42.72
68.75
80.77
89.62
118.33
147
115.33
126.02
161.22
145.98
169.36
176.07
- -
Revenue per Share
-0.04
0.2
1.32
1.21
2.08
-0.22
-5.99
4.7
2.24
-2.16
0.56
0.38
- -
Basic EPS, GAAP
-7.87
2.99
-0.11
2.94
-1.14
-13.5
-1.24
2.8
5.77
-2.57
-70.12
5.15
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.94
3.13
4.45
5.66
8.71
16.44
6.27
10.97
13.21
11.04
13.32
13.62
- -
Book Value per Share
2.94
3.13
4.45
5.66
12.57
38.52
22.73
27.43
29.67
27.5
98.01
95.33
- -
Tangible Book Value per Share
8
8
8
8
8
6
8
8
8
8
9
13
- -
Basic Weighted Avg Shares
354
570
669
742
980
908
955
1,044
1,336
1,209
1,526
2,250
923
Sales/Revenue/Turnover
3.13
2.77
4.32
4.17
3.91
0.81
-2.85
5.68
2.63
-2.6
-1.68
0.26
-2.71
Operating Margin (%)
3
3
5
4
4
4
13
13
13
9
5
8
9
Depreciation Expense
- -
2
11
10
17
-1
-50
39
19
-18
5
5
20
Net Income, GAAP
- -
33.44
31.29
43.4
38.19
- -
- -
3.43
2.32
- -
17.12
- -
32.74
Effective Tax Rate (%)
-0.08
0.29
1.64
1.35
1.76
-0.15
-5.19
3.73
1.39
-1.48
0.33
0.22
2.22
Profit Margin (%)
29
32
46
29
34
124
71
119
129
186
781
1,096
1,125
Working Capital
58
58
58
58
36
37
26
21
- -
- -
- -
- -
- -
LT Debt
24
26
37
47
104
238
188
227
246
228
883
1,218
1,239
Total Equity
- -
7.94
13.67
10.3
10.8
- -
- -
14.41
8.53
- -
-2.58
- -
-1.2
Return on Invested Capital (%)
- -
7.25
13.73
10.36
11.46
- -
- -
22.12
12.86
- -
1.46
- -
6.06
Return on Capital (%)
- -
6.47
34.88
23.85
28.98
-1.57
-64.62
54.54
18.51
-17.85
4.74
3.3
12.42
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
60.57%
65.65%
1.69%
Free Cash Flow
22.02%
559.22%
78.71%
Net Income, GAAP
325.52%
-11.75%
321.42%
Sales/Revenue/Turnover
8.32%
6.62%
-58.99%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1,526
2025
- -
- -
- -
- -
2,250
2026
- -
- -
- -
- -
923

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.56
2025
- -
- -
- -
- -
0.38
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Surani Steel Tubes Ltd manufactures electric resistance welded (ERW) mild steel pipes and tubes, along with mild steel hollow sections and coils. The company produces ERW MS pipes in round, square, and rectangular shapes for applications in plumbing, water supply systems, oil and gas transmission, construction, and infrastructure; mild steel tubes including square, rectangular, and round variants; hot rolled MS coils and mild steel coils; MS structural pipes, seamless pipes, square pipes, and round pipes; and mild steel hollow sections encompassing square and rectangular profiles. Operations are based in India, with a manufacturing facility in Dahegam, Gandhinagar, Gujarat, serving dealers primarily across Gujarat, Rajasthan, Indore, and Mumbai. Founded in July 2012 and headquartered at Survey No. 110/115, Opp. Vinayak TMT, Bayad Road, Village Sampa, Taluka Dahegam, Gandhinagar, Gujarat, the company listed on the NSE SME platform following its initial public offering in 2019. In recent developments, the company underwent significant leadership changes in 2023, with Vijay Singla and Chetan Singla appointed as Managing Director and Joint Managing Director, respectively, effective July 20, 2023, replacing prior executives Dinesh Karshan Patel and Mukesh Patel; these reappointments were confirmed through September 2025. Pavni Singla joined as Additional Director and Chief Financial Officer in August 2023, while independent directors Sangeeta Mehtani, Kailash Garg, and Gurpreet Singh Bhatia were appointed in May 2023; the company also changed its statutory auditors to Anu and Associates in August 2023. In 2025, Company Secretary Mohinder Singh resigned effective August 2 citing personal reasons, and the company reported unaudited half-year results for the period ended September 30, 2025, with revenue of Rs. 5,093.70 lakh and PAT of Rs. 211.34 lakh, including an exceptional gain. The firm continues to expand capacity from 40,000 MTPA toward 300,000 MTPA by 2027, including a new galvanizing plant for GI pipes and larger diameter heavy-thickness pipes to broaden its product range to 600 SKUs.