Surani Steel Tubes
Industrial Products
SURANI NSE
₹147.00 7.30 (4.73%)
Market Cap
₹229 Cr
P/E
113.08
Key Fundamentals
SMEIron & Steel ProductsIndustrial ProductsMarket Cap
₹229 Cr
P/E (TTM)
113.08
EBITDA
₹2.00 Cr
Return on Equity
1.65%
Debt to Equity
0
Book Value
₹79.69
EPS (TTM)
₹1.30
52W High
₹174.25
52W Low
₹47.30
Price-based figures as of 13 Oct 2026, 15:29 IST · TTM
Peer Comparison
Industrials › Industrial Products › Iron & Steel Products
| ₹2,730.00 | 31.18 | 72,015 Cr | 7.86 | 0.19% | 17.23% | 19.52% | 18,378 Cr | 2,319 Cr | |
| ₹2,185.00 | 49.36 | 60,668 Cr | 11.45 | 0.40% | 22.71% | 28.21% | 22,493 Cr | 1,229 Cr | |
| ₹1,099.00 | 27.31 | 30,677 Cr | 2.66 | 0.17% | 8.58% | 12.95% | 19,781 Cr | 1,121 Cr | |
| ₹283.05 | 27.70 | 18,101 Cr | 1.44 | 0.74% | 7.53% | 10.94% | 18,372 Cr | 602 Cr | |
| ₹2,516.00 | 40.74 | 17,635 Cr | 4.29 | 0.40% | 12.70% | 16.32% | 4,431 Cr | 514 Cr | |
| ₹486.45 | 29.23 | 14,824 Cr | 4.49 | 0.75% | 14.88% | 18.75% | 3,918 Cr | 508 Cr | |
| ₹588.05 | 32.54 | 14,189 Cr | 4.28 | 0.40% | 14.60% | 17.99% | 4,508 Cr | 436 Cr | |
| ₹207.41 | 17.27 | 13,964 Cr | 2.43 | 0.48% | 13.71% | 18.00% | 5,933 Cr | 807 Cr | |
| ₹96.65 | 16.64 | 9,385 Cr | 3.31 | 0.00% | -4.41% | 2.00% | 7,609 Cr | 564 Cr | |
| ₹590.45 | 10.73 | 7,912 Cr | 1.15 | 1.62% | 10.19% | 12.82% | 5,022 Cr | 737 Cr | |
| Surani Steel Tubes (this company) | ₹147.00 | 113.08 | 229 Cr | 1.84 | 0.00% | 1.65% | 2.44% | 159 Cr | -1 Cr |
| Median 11 companies | ₹588.05 | 29.23 | 14,824 Cr | 3.31 | 0.40% | 12.70% | 16.32% | 5,933 Cr | 602 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
As of 2026-10-12
v2.0.0
v2.0.0
43 Weak
Overall score
Data confidence 95/100
surveillance:ESM1
Category scores
Quality Average 51
Returns, margins, earnings quality 22%
Valuation Poor 28
Cheap vs sector & own history 24%
Growth Poor 1
Sales & profit trajectory 9%
Financial Health Good 57
Solvency, leverage, coverage 9%
Momentum Strong 95
Trend strength, vol-adjusted 12%
Ownership Average 50
FII/DII/promoter flows 24%
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has reduced debt.
- Company is almost debt free.
Weaknesses
7- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -2.84% over past five years.
- Promoter holding is low: 30.8%
- Company has a low return on equity of 1.02% over last 3 years.
- Earnings include an other income of Rs.5.53 Cr.
- Promoter holding has decreased over last 3 years: -22.9%
- Working capital days have increased from 207 days to 375 days
Technical Indicators
Oscillators
Bearish
Bearish
5
Neutral
1
Bullish
3
Overall
Bullish
Bearish
5
Neutral
1
Bullish
13
Moving Averages
Bullish
Bearish
0
Neutral
0
Bullish
10
Growth Rate
Revenue Growth
-57.87% lower than
3Y
change over 1 year
Net Income Growth
300% higher than
3Y
change over 1 year
Cash Flow Change
42%
change over 1 year
EBITDA Margin Change
23.64%
change over 1 year Operating margin -2.08% · Mar 2026
Quarterly Results
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 114 | 41.34 |
| Expenses | 114 | 42.2 |
| Operating Profit | 0.55 | -0.86 |
| OPM % | 0.48% | -2.08% |
| Other Income | -1.22 | 1.64 |
| Interest | 0.02 | -0.04 |
| Depreciation | 0.46 | 0.44 |
| PBT | -1.15 | 0.38 |
| Tax % | -39.13% | 118.42% |
| Net Profit | -0.69 | -0.07 |
| EPS (₹) | -0.44 | -0.05 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58.11 | 68.35 | 76.53 | 101 | 92.99 | 97.89 | 107 | 137 | 124 | 155 | 225 | 92.28 |
| Expenses | 56.19 | 65.09 | 73.03 | 96.65 | 91.89 | 99.41 | 99.38 | 132 | 123 | 155 | 224 | 93.88 |
| Operating Profit | 1.92 | 3.26 | 3.5 | 4.13 | 1.1 | -1.52 | 7.2 | 4.76 | 0.35 | 0.4 | 1.38 | -1.6 |
| OPM % | 3.3% | 4.77% | 4.57% | 4.1% | 1.18% | -1.55% | 6.76% | 3.48% | 0.28% | 0.26% | 0.61% | -1.73% |
| Other Income | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.1 | 0.08 | 0.06 | 0.21 | 0.79 | -0.4 | 5.53 |
| Interest | 1.34 | 1.32 | 1.36 | 1.02 | 0.86 | 2.01 | 1.97 | 1.66 | 1.12 | 0.11 | 0.02 | 0 |
| Depreciation | 0.34 | 0.51 | 0.4 | 0.39 | 0.37 | 1.26 | 1.27 | 1.26 | 0.94 | 0.48 | 0.8 | 0.89 |
| PBT | 0.27 | 1.46 | 1.77 | 2.74 | -0.11 | -4.69 | 4.04 | 1.9 | -1.5 | 0.6 | 0.16 | 3.04 |
| Tax % | 37.04% | 2.74% | 42.94% | 35.77% | 18.18% | 5.76% | 3.47% | 2.11% | 20% | 18.33% | -200% | 32.89% |
| Net Profit | 0.16 | 1.43 | 1 | 1.76 | -0.14 | -4.96 | 3.89 | 1.85 | -1.79 | 0.5 | 0.49 | 2.05 |
| EPS (₹) | 0.64 | 5.72 | 4 | 3.03 | -0.17 | -5.99 | 4.7 | 2.23 | -2.16 | 0.47 | 0.32 | 1.32 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 | 2.5 | 2.5 | 2.5 | 5.8 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 10.63 | 15.55 | 15.55 |
| Reserves | 0.12 | 1.55 | 2.19 | 5.2 | 15.5 | 10.54 | 14.44 | 16.29 | 14.5 | 77.71 | 106 | 108 |
| Borrowings | 10.5 | 12.27 | 13.38 | 15.35 | 17.32 | 19.66 | 18.2 | 14.95 | 11.33 | 42.36 | 34.57 | 0 |
| Other Liabilities | 2.93 | 6.82 | 10.29 | 9.41 | 4.13 | 9.21 | 4.53 | 11.77 | 7.28 | 3.51 | 0.77 | 127 |
| Total Liabilities | 16.05 | 23.14 | 28.36 | 35.76 | 45.23 | 47.69 | 45.45 | 51.29 | 41.39 | 134 | 157 | 251 |
| Fixed Assets | 4.89 | 5.17 | 4.76 | 4.38 | 4.01 | 14.59 | 13.4 | 12.13 | 4.6 | 10.3 | 11.83 | 11.03 |
| CWIP | 0.1 | 0 | 2.28 | 6.32 | 11.23 | 0 | 0 | 0 | 0 | 0.13 | 0.1 | 0.86 |
| Investments | 0.01 | 0.1 | 0.1 | 0.1 | 0.1 | 0.13 | 0.13 | 0.13 | 0.13 | 0 | 17.55 | 0.11 |
| Other Assets | 11.05 | 17.87 | 21.22 | 24.96 | 29.89 | 32.97 | 31.92 | 39.03 | 36.66 | 124 | 128 | 239 |
| Total Assets | 16.05 | 23.14 | 28.36 | 35.76 | 45.23 | 47.69 | 45.45 | 51.29 | 41.39 | 134 | 157 | 251 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 2.46 | -0.04 | 2.44 | -0.68 | -8.33 | -0.43 | 2.4 | 4.78 | -1.65 | -56.8 | 8.87 | 12.6 |
| Investing | -0.27 | -0.6 | -2.26 | -4.14 | -4.91 | -0.59 | -0.1 | 0.03 | 6.57 | -5.44 | -66.51 | 37.78 |
| Financing | -1.87 | 0.45 | -0.25 | 4.75 | 13.31 | 1.03 | -2.32 | -4.85 | -4.64 | 95.99 | 25.19 | -34.57 |
| Net Cash Flow | 0.31 | -0.18 | -0.07 | -0.06 | 0.06 | 0.01 | -0.02 | -0.04 | 0.28 | 33.76 | -32.45 | 15.8 |
| Free Cash Flow | 2.27 | -0.73 | 0.18 | -4.73 | -13.25 | -1.03 | 2.31 | 4.82 | 5.29 | -63.12 | 6.57 | 11.75 |
| CFO/OP | 129 | -9 | 77 | -10 | -681 | 28 | 33 | 100 | -471 | -14,125 | 666 | -820 |
Ratios
| Particulars | 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 | 30.28 | 29.85 | 38.2 | 22.38 | 24.49 | 21.51 | 24.35 | 13.43 | 39.28 | 3.06 | 44.09 | 11.87 |
| Inventory Days | 34.81 | 62.63 | 59.53 | 65.89 | 82.32 | 88.27 | 82.86 | 76.53 | 52.94 | 154 | 52.77 | 588 |
| Days Payable | 14.14 | 31.97 | 43.89 | 30.28 | 13.83 | 31.13 | 11.96 | 17.47 | 16.69 | 5.53 | 0.6 | 513 |
| Cash Conversion Cycle | 50.95 | 60.51 | 53.84 | 57.99 | 92.99 | 78.65 | 95.26 | 72.49 | 75.53 | 151 | 96.26 | 86.74 |
| Working Capital Days | 18.22 | 23.44 | 14.59 | 12.78 | 47.93 | 25.88 | 40.1 | 34.11 | 52.48 | 103 | 142 | 375 |
| ROCE % | 12.16% | 18.89% | 18.2% | 16.93% | 2.22% | -6.74% | 15.14% | 8.8% | -1.36% | 0.86% | 1.91% | 0.77% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Surani Steel Tubes insights
51 extracted metrics + investor summaries across FY15–FY26.
Documents
Frequently Asked Questions about Surani Steel Tubes
What does Surani Steel Tubes Ltd do?
Surani Steel Tubes Limited, incorporated in 2012 and listed on NSE Emerge, manufactures and trades ERW mild-steel pipes/tubes from Dahegam, Gujarat, including round pipes and square/rectangular hollow sections used in infrastructure, engineering, agriculture, construction, energy, water, gas and ...
Where is Surani Steel Tubes Ltd (SURANI) listed?
Surani Steel Tubes Ltd trades as SURANI on the NSE.
Which sector does Surani Steel Tubes Ltd belong to?
Surani Steel Tubes Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of Surani Steel Tubes Ltd?
Surani Steel Tubes Ltd has a market capitalisation of ₹228.56 Cr as of 13 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Surani Steel Tubes Ltd?
Surani Steel Tubes Ltd trades at a PE ratio of 113.08 as of 13 Oct 2026, on earnings per share of ₹1.3, against a book value of ₹79.69 per share.
What is the 52-week high and low of Surani Steel Tubes Ltd?
Over the last 52 weeks Surani Steel Tubes Ltd has traded between ₹47.3 and ₹174.25 as of 13 Oct 2026.
What is the Return on Equity (ROE) of Surani Steel Tubes Ltd?
Surani Steel Tubes Ltd reported a return on equity of 1.65%. Its debt-to-equity ratio is 0.00.
Company Information
Surani Steel Tubes Limited, incorporated in 2012 and listed on NSE Emerge, manufactures and trades ERW mild-steel pipes/tubes from Dahegam, Gujarat, including round pipes and square/rectangular hollow sections used in infrastructure, engineering, agriculture, construction, energy, water, gas and related applications.[1]
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