Companies›Industrials›Capital Goods›Industrial Products

TAMILNADU STEEL TUBES LTD.

Capital Goods › Industrial Products
₹30.75
at close · 28 Oct 2026
▼ 1.60 (-4.95%)

Latest filings

  1. Compliance certificate under SEBI Regulation 74(5) for Q2 FY27 · Compliance
  2. New Independent Director Appointed at Tamilnadu Steel Tubes · Management Changes
  3. Independent Director Divya Abishek completes tenure, steps down · Management Changes
All filings ↓
Ask Nexa about TAMILNADU STEEL TUBES LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures mild steel (MS) and galvanised iron (GI) square and rectangular steel pipes from a base in Chennai, selling into both domestic and export markets. The business is reported as a single segment (steel tubes) with no separate product, geography or end-use breakdown in the filings. FY26 revenue from operations was ₹91.8572 crore, up 24.37% year-on-year, but margins were very thin — EBITDA margin of 1.625% and net profit margin of 0.0625%. Raw materials, primarily steel, dominate the cost stack at ₹80.5386 crore or 87.7% of revenue, with employee cost at 5.8% and other operating costs at 4.6% of revenue. The board has approved purchases of new machinery to expand production and exports, and is also sourcing electricity from solar producers to cut power costs. Capital expenditure in FY26 was ₹0.855 crore (0.9% of revenue), debt-to-equity stood at 1.04, and a ₹3 crore overdraft facility with City Union Bank was renewed in May 2026.

Operating scale
Product range
MS and GI square and rectangular steel pipesFY26
Operating segments
Single segment — steel tubes manufacturingFY26
Markets served
Domestic market and exportsFY26
FY26 revenue from operations
₹91.8572 croreFY26
Raw material share of revenue
87.7%FY26
FY26 capital expenditure
₹0.855 crore (0.9% of revenue)FY26
Who pays it
Domestic and export customers buying MS and GI square and rectangular steel pipes.
Biggest cost
Raw materials (predominantly steel) at 87.7% of revenue.
Kind of business
Single-segment, small-scale steel tubes manufacturer with very thin margins and high raw-material intensity.
Where it sits
BSE-listed small-cap (does not qualify as a 'Large Corporate' under SEBI's framework); competes in the MS/GI steel pipes sub-segment of the Indian iron & steel products industry.
Market Cap
₹16 Cr
P / E (TTM)
146.4×
EV / EBITDA
14.5×
Div Yield
—
Growth
12.1%▲
Revenue 5y CAGR
PAT — · EBITDA +25.6%
Quality
3.8%·
ROCE (5y median)
ROE 3.0% (5y median) · margin 1.6%
Leverage
1.04·
Debt / Equity · moderate
Net debt ₹7.26 Cr
Revenue FY21→FY26
1.8×▲
Margin +1.4 pts
₹52 Cr → ₹92 Cr
Cash conversion
-1.99×▼
Operating cash ÷ profit · 5 yrs
₹-3 Cr on ₹1 Cr
Moves on a normal day
3.27%·
Median daily move
Last 131 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#102/105
P/B#55/101
ROCE#94/115
ROE#90/103
Debt / Equity#95/101
EBITDA margin#93/100
Revenue growth#77/97
Profit growth#91/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 12% a year over 5 years
Concerns
Returns on capital 3.8% (5-year median)
#94 of 115 in Iron & Steel Products on the latest reported figures · up from 1.4% in FY21
Carries more debt than its peers — 1.04× equity
higher than 94% of its 101 Iron & Steel Products peers
Over 5 years it reported ₹1.45 Cr of profit and an operating cash outflow of ₹2.88 Cr — -1.99×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from TAMILNADU STEEL TUBES LTD.'s filed financials and exchange disclosures

What does TAMILNADU STEEL TUBES LTD. do?

TAMILNADU STEEL TUBES LTD. is a Industrial Products company listed on BSE.

Is TAMILNADU STEEL TUBES LTD. profitable?

Yes. Over the trailing twelve months TAMILNADU STEEL TUBES LTD. reported a net profit of ₹0.03 Cr on revenue of ₹88 Cr.

Does TAMILNADU STEEL TUBES LTD. pay a dividend?

Not in the latest reported year — TAMILNADU STEEL TUBES LTD.'s dividend payout for FY26 was nil.

Is TAMILNADU STEEL TUBES LTD. debt-free?

No. It reported borrowings of ₹10 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹7.26 Cr after cash. Debt stands at 1.04× equity. That is higher than 94% of its 101 Iron & Steel Products peers.

Is TAMILNADU STEEL TUBES LTD. expensive compared with its peers?

On trailing P/E, TAMILNADU STEEL TUBES LTD. ranks 102 of 105 in Iron & Steel Products — cheaper than 3% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the TAMILNADU STEEL TUBES LTD. share price move in a day?

On a typical session TAMILNADU STEEL TUBES LTD. moves 3.27% — that is the median absolute close-to-close move across its last 131 trading days. MarketPing measures each filing's price reaction against it.

Where can I track TAMILNADU STEEL TUBES LTD.'s announcements?

Every NSE and BSE filing by TAMILNADU STEEL TUBES LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.