---
title: "Shree Marutinandan Tubes Ltd (544083) — Share Price, Financials & Analysis"
symbol: "544083"
company: "Shree Marutinandan Tubes Ltd"
canonical: "https://tapetide.com/stocks/544083"
isin: "INE0QIS01011"
nse_symbol: "SHREEMARUTINANDANTUBESLTD"
bse_code: "544083"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 18
generated_at: "2026-09-13T19:16:35.614Z"
---

# Shree Marutinandan Tubes Ltd (544083)

Canonical page: https://tapetide.com/stocks/544083

## Company

- **NSE Symbol:** SHREEMARUTINANDANTUBESLTD
- **BSE Code:** 544083
- **ISIN:** INE0QIS01011
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-10-24
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shreemarutitubes.com

## About

Incorporated in 2013, Shree Marutinandan 
Tubes Ltd does trading of pipes, tubes,
 and machineries[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:43:07.075496Z.

- **Market Cap:** ₹18 Cr
- **Classification:** SME
- **P/E (reported):** 5
- **EPS (reported):** ₹7.53
- **Book Value:** ₹73.74
- **Price to Book:** 0.71
- **Dividend Yield:** 0%
- **ROE:** 9.47%
- **ROCE:** 15.53%
- **Debt to Equity:** 0.11
- **Revenue (yearly):** ₹149.8 Cr
- **Net Income:** ₹3.6 Cr
- **EBITDA:** ₹6.5 Cr
- **52-Week High:** ₹114
- **52-Week Low:** ₹40
- **RSI (14):** 54.95

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 55.04 | 9% |
| growth | 81.52 | 9% |
| momentum | 13.82 | 12% |
| ownership | 50 | 24% |
| quality | 86.13 | 22% |
| valuation | 63.4 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.42 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 147.88% | 134.4% | 344.32% |
| ebitda margin growth | 0.46% | -7.19% | 147.67% |
| net income growth | 28.57% | 25% | 94% |
| revenue growth | 30.03% | 47% | 33% |
| roce | -26.68% | -69.34% | 31.8% |
| roe | -25.84% | 30.74% | -42.4% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 23 | 43 | 49 | 54 | 60 | 78 | 71 |
| Expenses | 20 | 41 | 47 | 53 | 57 | 76 | 67 |
| Operating Profit | 2 | 2 | 2 | 1 | 3 | 2 | 4 |
| OPM % | 10 | 5 | 3.8 | 1.8 | 4.6 | 1.9 | 6 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 2 | 2 | 1 | 3 | 1 | 3 |
| Tax % | 45 | 26 | 28 | 22 | 26 | 26 | 24 |
| Net Profit | 1 | 1 | 1 | 1 | 2 | 1 | 3 |
| EPS in Rs | 49.76 | 5.77 | 3.41 | 2.05 | 6.04 | 3.01 | 7.34 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 29 | 36 | 47 | 47 | 92 | 114 | 149 |
| Expenses | 29 | 35 | 46 | 44 | 88 | 110 | 143 |
| Operating Profit | 0 | 1 | 1 | 4 | 4 | 4 | 6 |
| OPM % | -0.2 | 1.8 | 1.6 | 7 | 4.5 | 3.3 | 4.3 |
| Other Income | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 0 | 0 | 3 | 4 | 4 | 5 |
| Tax % | 36 | 39 | 54 | 31 | 26 | 25 | 24 |
| Net Profit | 0 | 0 | 0 | 2 | 3 | 3 | 4 |
| EPS in Rs | 4.88 | 6.34 | 2.93 | 90.24 | 7.6 | 8.09 | 10.35 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.21 | 0.21 | 0.21 | 0.21 | 3 | 3 | 3 |
| Reserves | 0 | 0 | 0 | 3 | 16 | 18 | 34 |
| Borrowings | 4 | 8 | 6 | 7 | 6 | 8 | 4 |
| Other Liabilities | 5 | 5 | 6 | 6 | 8 | 32 | 23 |
| Total Liabilities | 10 | 13 | 13 | 16 | 33 | 61 | 66 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 10 | 13 | 12 | 16 | 32 | 60 | 57 |
| Total Assets | 10 | 13 | 13 | 16 | 33 | 61 | 66 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | -3 | 3 | 0 | -8 | -4 | 3 |
| Cash from Investing Activity | — | 0 | 0 | 0 | 0 | 0 | -8 |
| Cash from Financing Activity | — | 3 | -2 | 0 | 11 | 3 | 8 |
| Net Cash Flow | — | 0 | 0 | 0 | 2 | -2 | 2 |
| Free Cash Flow | — | -3 | 2 | 0 | -8 | -5 | -6 |
| CFO/OP | — | -433 | 345 | 11 | -180 | -94 | 57 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 100 | 82 | 45 | 69 | 74 | 43 | 77 |
| Inventory Days | 19 | 16 | 36 | 54 | 31 | 87 | 45 |
| Days Payable | 60 | 45 | 43 | 44 | 27 | 104 | 53 |
| Cash Conversion Cycle | 59 | 53 | 37 | 79 | 78 | 26 | 69 |
| Working Capital Days | 22 | 35 | 20 | 35 | 63 | 65 | 64 |
| ROCE % | — | 14 | 10 | 40 | 24 | 18 | 17 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 58.3% | 58.3% | 58.3% | 58.3% | 58.3% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 38.4% | 38.25% | 38.35% | 38.25% | 38.03% |
| Others | 3.29% | 3.45% | 3.35% | 3.45% | 3.67% |
| No. of Shareholders | 487 | 662 | 668 | 635 | 598 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 47.79 | Sell |
| EMA (10) | 48.27 | Sell |
| SMA (20) | 46.94 | Sell |
| EMA (20) | 48.53 | Sell |
| SMA (50) | 53.49 | Sell |
| EMA (50) | 54.21 | Sell |
| SMA (100) | 55.1 | Sell |
| EMA (100) | 74.75 | Sell |
| SMA (200) | 137.08 | Sell |
| EMA (200) | 104.99 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.67 | Neutral |
| MACD (12,26,9) | -0.98 | Buy |
| Stochastic (14,3,3) | 75.25 | Neutral |
| ADX (14) | 28.11 | Buy |
| Williams %R (14) | -54.1 | Neutral |
| ATR (14) | 3.63 | High Volatility |
| ROC (12) | 8.54 | Buy |
| Stoch RSI (14) | 52.09 | Neutral |
| UO (7,14,28) | 57.74 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6dc202b4-06c7-4076-ad47-562b4ec72205.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25331ec9-1b97-4521-92a1-e20cec5f7bfc.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0af355d-a116-4d69-a34b-af1c77d5ef5d.pdf) |
| 2026-09-01 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a16e5d2-de12-4175-a5a0-1c8b5ecb6104.pdf) |
| 2026-09-01 | [Annual General Meeting Scheduled To Be Held On 23Rd September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b7623f7-206f-487d-93f5-381650efd6f4.pdf) |
| 2026-08-25 | [Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=caa6207d-a529-4f60-825e-d2cef1bc8bc6.pdf) |
| 2026-08-10 | [Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4cf2b03-ed96-48df-8005-c9d6ae3b6af5.pdf) |
| 2026-08-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8678021-7d27-49f9-8fbd-3f3e4683d608.pdf) |
| 2026-08-07 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3a39493e-ca05-45f9-be42-991795f49a6c.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Change of Company Name](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2b03493-4bd1-42ee-8e0c-66ecae133322.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-26 | [Audited Standalone And Consolidated Financial Results For The Half Year And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c07cd45-60d8-48b5-9994-e018d1d97e3d.pdf) |
| 2025-11-14 | [Un-Audited Financials For The Half Year Ended September 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26981b1d-58f6-4364-975e-57081557dc5c.pdf) |
| 2025-05-28 | [Audited Financial Results For The Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82c96a30-00d0-4152-a1e6-2f52dd64af6b.pdf) |
| 2024-11-14 | [Un-Audited Financial Results For The Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0261dec9-a051-43f9-99dd-c0f81103a5d8.pdf) |
| 2024-05-30 | [Financial Results For The Half Year And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=841ad737-1f8d-4bcc-a3f9-6f5b0ad1f532.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Company says no material event; share price movement is market-driven. | [Clarification On Price Movement Of Share 8 Apr - Company says no material event; share price movement is market-driven.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ea7cb84-c9f4-4898-b77c-fe63f10e7088.pdf) |
| 27 Feb - Newspaper Advertisements confirming the dispatch of Postal Ballot Notice. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Feb - Newspaper Advertisements confirming the dispatch of Postal Ballot Notice.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c83cc28-7d91-47da-9152-d356f67e684f.pdf) |
| 27 Feb - Milind Pathak resigned as Chief Corporate Marketing Officer, effective February 26, 2026; relieved from duties. | [Announcement under Regulation 30 (LODR)-Change in Management 27 Feb - Milind Pathak resigned as Chief Corporate Marketing Officer, effective February 26, 2026; relieved from duties.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7f75b11a-736d-43dc-9cfb-9fd906576e7c.pdf) |
| 17 Feb - Transcript of Earning Call Q3 & 9M FY 2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Feb - Transcript of Earning Call Q3 & 9M FY 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55145c84-0111-48d3-8974-a62187833c8e.pdf) |
| 17 Dec 2025 - Won INR 15.56 lakh order to supply fire detection items at Vindhyachal, MP; 90-day project. | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations 2015 17 Dec 2025 - Won INR 15.56 lakh order to supply fire detection items at Vindhyachal, MP; 90-day project.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/52126517-7835-4957-92c0-a7d751639973.pdf) |
| 16 Jan - Registered office shifted within Ahmedabad effective 16 Jan 2026 to B-902 Swati Trinity Applewood. | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address 16 Jan - Registered office shifted within Ahmedabad effective 16 Jan 2026 to B-902 Swati Trinity Applewood.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d72c097-abce-491e-be3a-457f460cdc98.pdf) |
| 14h - Chief Corporate Marketing Officer Milind Pathak resigns; last working day April 8, 2026. | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 14h - Chief Corporate Marketing Officer Milind Pathak resigns; last working day April 8, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c495c977-9c57-4dcd-9416-26f910a55453.pdf) |
| 12 Feb - Monitoring report: INR 2,400mn IPO; INR 1,580.91mn utilized; INR 650mn unutilized as of 31-Dec-2025. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 12 Feb - Monitoring report: INR 2,400mn IPO; INR 1,580.91mn utilized; INR 650mn unutilized as of 31-Dec-2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7303a169-f3a5-4141-9d3c-7945f6d2ed84.pdf) |
| 12 Dec 2025 - Two independent directors appointed (Kavita Khatri, Manish Pancholy); two resigned; effective 12 Dec 2025. | [Announcement under Regulation 30 (LODR)-Change in Directorate 12 Dec 2025 - Two independent directors appointed (Kavita Khatri, Manish Pancholy); two resigned; effective 12 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80c940c2-7455-4c87-b565-b51acd9231c2.pdf) |
| 12 Dec 2025 - 12 Dec 2025: Two independent directors appointed (subject to approvals); two independent directors resigned effective same date. | [Announcement under Regulation 30 (LODR)-Resignation of Director 12 Dec 2025 - 12 Dec 2025: Two independent directors appointed (subject to approvals); two independent directors resigned effective same date.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d362a86d-4b8f-45c0-998f-9d1e27d3e368.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee2de7c7-1bee-473b-909c-ed23d1a42dbb.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0de519b0-bbba-492c-ab99-b0ae9ed69a91.pdf) |
| Oct 2021 | [Concall - Oct 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d6891f7-0be8-44bf-ba07-d27de9a41409.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5fad737-e648-4882-9065-d22cace402fc.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/684a515d-ed82-4993-9e6a-ee1022a547e2.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9c99293-7182-4266-9fa8-c0d039950b06.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5f005d2-515f-47a2-a2f7-f52f89c198c4.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b40f659c-397f-4bdb-82d4-d7a2dd108437.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8e6569e8-fb3f-4327-b670-a181eac005a1.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4477835f-8031-44eb-929e-fc46b3724f00.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aac67418-efed-4575-a3ae-c1afa4dff5fe.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/944198dd-f695-489a-b70c-d10aa0b85f42.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d22a925e-d397-49aa-9670-6428d8f11e62.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9d78be8-cdbe-4476-ac3a-9bad8c715ae7.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0aa8ce64-3986-4169-9288-a783e6ee2426.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543228/73631543228.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/543228/68911543228.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:35.614Z.