Gandhi Special Tubes quarterly results and financials

Gandhi Special Tubes (GANDHITUBE)₹887.75−1.68%(9 Nov 2026 close)Iron & Steel Products

Key facts

In the Mar 2026 quarter (standalone), Gandhi Special Tubes reported sales of ₹47.28 Cr, up 8.9% from Mar 2025, and net profit of ₹9.35 Cr, down 21.7% year on year. For the year to Mar 2026, sales were ₹192 Cr and net profit ₹67.97 Cr.

Sales (Mar 2026): ₹47.28 Cr
Net profit (Mar 2026): ₹9.35 Cr
Sales (FY Mar 2026): ₹192 Cr
Net profit (FY Mar 2026): ₹67.97 Cr
EPS (Mar 2026): ₹7.69
Borrowings (Mar 2026): ₹0 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Gandhi Special Tubes quarterly results

₹ crore unless stated; each column is a quarter.

Gandhi Special Tubes Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	46.35	44.06	41.35	39.52	40.91	48.71	39.86	43.41	48.19	48.07	48.53	47.28
Expenses	29.25	28.35	25.83	23.75	25.15	28.91	23.11	27.40	27.45	27.09	26.24	27.84
Operating Profit	17.06	15.67	15.45	15.74	15.74	19.76	16.68	16.00	20.70	20.95	22.21	19.41
OPM %	37.0%	35.8%	37.6%	40.0%	38.7%	40.8%	42.1%	37.0%	43.2%	43.9%	46.1%	41.3%
Other Income	4.02	2.63	2.92	2.77	3.39	4.17	2.06	2.24	8.04	3.20	4.83	−5.21
Interest	0.01	0.02	0.02	0.00	0.01	0.01	0.01	0.13	0.03	0.03	0.03	−0.01
Depreciation	0.76	0.76	0.81	0.79	0.81	0.85	0.88	0.85	0.85	0.88	0.88	0.86
Profit before tax	20.32	17.52	17.56	17.73	18.32	23.06	17.87	17.25	27.86	23.27	26.17	13.41
Tax %	22.5%	24.6%	25.0%	24.8%	22.0%	25.4%	15.4%	30.9%	22.7%	24.1%	24.9%	30.3%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−0.90	0.16
Net Profit	15.76	13.26	13.22	13.35	14.31	17.26	15.17	11.94	21.62	17.68	19.71	9.35
EPS (Rs)	12.97	10.89	10.86	10.97	11.76	14.19	12.47	9.82	17.77	14.55	16.19	7.69

Gandhi Special Tubes profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Gandhi Special Tubes Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	91.21	98.16	114	123	81.14	114	137	167	171	173	192	192
Expenses	64.24	65.29	73.28	77.33	57.18	69.25	88.31	107	107	104	108	109
Operating Profit	26.91	32.87	40.86	45.82	23.92	44.88	48.80	60.83	63.79	67.81	83.67	83.27
OPM %	30.0%	34.0%	36.0%	37.0%	30.0%	39.0%	36.0%	36.0%	38.0%	40.0%	44.0%	43.4%
Other Income	2.99	9.97	7.98	7.97	5.98	5.98	4.98	4.98	11.97	11.95	10.97	10.86
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08
Depreciation	5.02	4.01	4.01	4.01	4.01	3.01	3.01	3.01	3.01	3.01	3.01	3.47
Profit before tax	24.90	37.85	44.87	49.88	25.93	47.85	49.86	62.76	72.79	76.74	90.76	90.71
Tax %	26.0%	19.0%	25.9%	22.0%	17.9%	24.0%	24.0%	24.9%	23.9%	23.9%	24.9%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	3.01	3.01	7.02	12.04	10.04	−0.74
Net Profit	19.01	31.02	33.98	39.02	21.01	35.97	39.02	46.97	55.96	58.99	67.97	68.36
EPS (Rs)	12.60	20.94	24.25	27.94	16.51	27.95	31.71	38.91	45.66	48.23	56.18	56.20
Dividend payout %	59.0%	42.9%	37.0%	31.9%	54.0%	32.0%	32.0%	31.0%	28.0%	30.9%	27.0%	—

Gandhi Special Tubes balance sheet

₹ crore, at each year end.

Gandhi Special Tubes Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	7.01	7.01	7.02	7.00	7.00	6.01	6.01	6.01	6.00	6.02	6.02	6.01
Reserves	153	158	180	170	194	140	165	141	176	217	260	310
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	14.07	15.08	18.08	20.10	20.10	15.08	20.10	19.10	20.09	20.09	20.09	24.12
Total Liabilities	174	180	206	197	221	162	192	166	202	243	286	340
Fixed Assets	63.01	59.10	55.04	51.06	51.06	48.03	45.06	47.02	44.01	43.02	43.05	42.03
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	65.12	82.10	104	99.14	120	69.17	94.18	73.14	85.16	132	170	213
Other Assets	45.94	40.01	45.98	47.01	49.93	43.97	52.99	47.01	73.02	67.93	72.97	84.90
Inventories	27.94	16.94	23.92	19.95	26.93	24.92	20.95	23.93	23.93	41.90	44.90	55.87
Trade receivables	13.05	16.06	16.04	19.08	15.05	15.06	25.10	17.06	18.08	20.08	22.06	20.06
Cash & equivalents	2.01	3.01	3.01	5.01	4.01	2.01	3.01	2.01	28.05	3.01	4.01	7.02
Total Assets	174	180	206	197	221	162	192	166	202	243	286	340

Gandhi Special Tubes cash flow

₹ crore, for each year.

Gandhi Special Tubes Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	15.03	29.03	21.02	32.06	31.04	19.02	32.06	42.09	45.10	26.03	47.09	55.06
Cash from investing activity	−1.01	−13.99	−5.01	12.99	−16.99	55.99	−19.99	21.99	−7.01	−37.02	−30.01	−33.98
Cash from financing activity	−12.98	−12.98	−15.98	−43.91	−14.99	−75.92	−11.97	−63.84	−11.98	−14.98	−15.97	−17.98
Net cash flow	0.00	1.01	0.00	1.01	−1.01	−1.01	1.01	0.00	26.07	−25.06	1.01	3.01
Capex	3.99	0.99	0.99	0.00	3.99	0.99	0.99	3.99	0.99	3.99	3.99	1.99
Free cash flow	10.98	27.93	19.95	31.96	26.93	17.97	30.92	37.92	43.95	24.96	42.90	52.90
CFO / OP %	94.9%	133.9%	80.9%	108.9%	90.9%	107.0%	96.9%	109.9%	99.9%	65.9%	95.9%	93.0%

Gandhi Special Tubes ratios

Working-capital days and returns, by year.

Gandhi Special Tubes Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	49	64	60	61	45	65	81	43	38	41	46	38
Inventory days	300	186	288	197	231	308	204	179	138	233	266	313
Days payable	13	10	10	16	15	12	17	10	9	9	11	10
Cash conversion cycle	338	241	340	244	263	363	270	214	169	266	303	342
Working capital days	153	121	140	108	114	169	123	93	73	116	121	121
ROCE %	13.0%	14.9%	21.0%	25.0%	25.9%	15.0%	29.9%	29.9%	35.9%	31.9%	28.0%	28.0%

Gandhi Special Tubes: frequently asked questions

What are the latest quarterly results of Gandhi Special Tubes?

For the Mar 2026 quarter, Gandhi Special Tubes reported sales of ₹47.28 Cr, up 8.9% year on year and net profit of ₹9.35 Cr, down 21.7% year on year. The operating margin was 41.3%.

What is the annual revenue of Gandhi Special Tubes?

Gandhi Special Tubes' sales for the year to Mar 2026 were ₹192 Cr; over the last twelve months they were ₹192 Cr.

What is the net profit of Gandhi Special Tubes?

Net profit for the year to Mar 2026 was ₹67.97 Cr, and ₹68.36 Cr over the last twelve months. Earnings per share over the same trailing period were ₹56.20.

How much debt does Gandhi Special Tubes have?

Gandhi Special Tubes reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹7.02 Cr.

What is the free cash flow of Gandhi Special Tubes?

Cash from operations was ₹55.06 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹52.90 Cr.

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