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GANDHITUBE - Gandhi Spl. Tube

📊 NSE: GANDHITUBE 🏢 Steel - Medium / Small 📅 Last Updated: 12/13/2025 22:15

📢 Recent Corporate Announcements

Gandhi Special Tubes Clarifies Stance on Recent Trading Volume Spurt

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Feb 2026, 10:17 AM

Gandhi Special Tubes Limited has responded to a surveillance query from the National Stock Exchange regarding a significant increase in trading volume. The company clarified that all price-sensitive information has been disclosed in compliance with SEBI (LODR) Regulations, 2015. Management stated there is no undisclosed information or pending announcements that could influence the scrip's volume or price behavior. The company attributed the recent activity purely to market conditions and confirmed it is market-driven.

NSE issued a surveillance query on February 17, 2026, regarding a spurt in trading volume
Company responded on February 18, 2026, stating no undisclosed price-sensitive information exists
Management confirmed full compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
The increase in volume and price is attributed entirely to market-driven factors rather than company-specific news

💡 Investors should treat this as a routine regulatory clarification and focus on fundamental performance. Exercise caution as high volume without fundamental news can often indicate speculative activity.

Gandhi Special Tubes Q3 Net Profit Rises 30% YoY to ₹19.70 Cr; Revenue Up 22%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 07:50 PM

Gandhi Special Tubes reported a strong performance for Q3 FY26, with revenue from operations growing 21.8% YoY to ₹48.44 crore. Net profit for the quarter increased by 29.9% YoY to ₹19.70 crore, supported by higher other income and operational efficiency. The company recognized a one-time exceptional charge of ₹1.18 crore related to obligations under the new Labour Codes. For the nine-month period ending December 2025, net profit reached ₹59.00 crore, marking a significant improvement over the ₹46.73 crore recorded in the previous year.

Revenue from operations grew 21.8% YoY to ₹4,844.21 Lakhs in Q3 FY26.
Net Profit increased by 29.9% YoY to ₹1,969.97 Lakhs despite an exceptional charge.
Other income surged to ₹603.40 Lakhs from ₹206.84 Lakhs YoY, largely due to fair value gains on investments.
Earnings Per Share (EPS) improved significantly to ₹16.21 from ₹12.48 in the corresponding quarter last year.
Recorded an exceptional item of ₹118.12 Lakhs as a provision for estimated obligations under the New Labour Codes.

💡 The company demonstrates robust growth in both top-line and bottom-line with healthy margins and a strong balance sheet. Investors should maintain a positive outlook while monitoring the sustainability of investment-led 'Other Income' gains.

Gandhi Special Tubes Q3 Net Profit Rises 30% YoY to ₹19.7 Crore; Revenue Up 22%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 07:47 PM

Gandhi Special Tubes reported a strong performance for Q3 FY26, with revenue from operations growing 21.8% YoY to ₹48.44 crore. Net profit for the quarter increased by 29.9% YoY to ₹19.70 crore, supported by operational efficiency and higher other income. The company recorded an exceptional item of ₹1.18 crore due to estimated obligations under the new Labour Codes effective November 2025. Earnings per share (EPS) improved significantly to ₹16.21 from ₹12.48 in the corresponding quarter of the previous year.

Revenue from operations increased 21.8% YoY to ₹4,844.21 Lakhs in Q3 FY26.
Net profit grew 29.9% YoY to ₹1,969.97 Lakhs despite a one-time exceptional charge.
Exceptional item of ₹118.12 Lakhs recognized for past service obligations under New Labour Codes.
Nine-month (9M FY26) net profit stands at ₹5,899.95 Lakhs, up from ₹4,672.57 Lakhs YoY.
Other income for 9M FY26 includes a significant fair value gain on investments of ₹1,415.54 Lakhs.

💡 The company demonstrates robust growth and healthy profitability margins; investors should hold while monitoring the long-term impact of the new Labour Codes on operating costs.

Gandhi Special Tubes Submits SEBI Reg 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 11:44 AM

Gandhi Special Tubes Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended December 31, 2025. The certificate, issued by KFin Technologies Limited, confirms that all dematerialization requests were processed within the mandatory 15-day window. It further validates that physical security certificates were mutilated, cancelled, and the depository's name was updated in the company's records. This filing is a standard procedural requirement to ensure the smooth functioning of electronic shareholding.

Compliance certificate issued for the quarter ended December 31, 2025.
Registrar KFin Technologies confirmed processing of demat requests within 15 days of receipt.
Physical certificates were mutilated and cancelled after dematerialization.
The name of the depository has been substituted as the registered owner in the company records.

💡 This is a routine regulatory disclosure with no direct impact on the company's fundamentals or stock price. No action is required from investors.

Gandhi Special Tubes to Close Trading Window from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Dec 2025, 10:16 AM

Gandhi Special Tubes Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of the un-audited financial results for the third quarter and nine months ending December 31, 2025. The restriction applies to directors, promoters, and designated employees, preventing them from trading in company shares. The window will reopen 48 hours after the financial results are officially announced to the exchanges.

Trading window closure begins on January 1, 2026.
Closure is for the purpose of considering Q3 and nine-month financial results ending December 31, 2025.
Restriction remains in place until 48 hours after the results are declared.
Applies to all designated persons including Directors, Promoters, and Officers.

💡 No action is required as this is a standard regulatory filing. Investors should await the announcement of the board meeting date to review the company's quarterly performance.

Gandhi Special Tubes Q2 Net Profit Rises to ₹17.69 Cr; H1 Profit Jumps 24.5% YoY

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Dec 2025, 02:14 PM

Gandhi Special Tubes reported a steady Q2 FY26 with a net profit of ₹17.69 crore, up from ₹17.25 crore in the same quarter last year. While quarterly revenue saw a marginal decline to ₹48.01 crore, the half-year performance was robust, with total income reaching ₹107.40 crore compared to ₹97.01 crore YoY. The company's H1 net profit grew significantly by 24.5% to ₹39.30 crore, supported by higher other income from investment fair valuation. The balance sheet remains strong with total assets increasing to ₹311.70 crore as of September 2025.

Q2 Net Profit increased to ₹17.69 crore from ₹17.25 crore in the previous year's corresponding quarter.
H1 FY26 Net Profit surged 24.5% to ₹39.30 crore compared to ₹31.57 crore in H1 FY25.
H1 Revenue from operations grew to ₹96.12 crore from ₹89.43 crore YoY.
Earnings Per Share (EPS) for H1 FY26 improved significantly to ₹32.34 from ₹25.98.
Other income for H1 included a substantial fair value gain on investments of ₹8.99 crore.

💡 The company demonstrates consistent profitability and a strong balance sheet with significant investment gains. Investors should monitor if the flat quarterly revenue growth is a temporary phase while the overall H1 trajectory remains healthy.

View All GANDHITUBE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents. The company reported un-audited financial results for Q2 FY26 (quarter ended 30 September 2025) on 10 November 2025, but specific segment growth percentages were not provided in the announcements.

Geographic Revenue Split

Not disclosed in available documents. The company operates a manufacturing plant in Halol, Gujarat, but regional revenue contribution percentages are not specified.

Profitability Margins

Not disclosed in available documents. Financial results for the half-year ended 30 September 2025 were approved by the Board, but specific Gross, Operating, or Net profit percentages were not included in the text.

EBITDA Margin

Not disclosed in available documents. Core profitability metrics and YoY changes were not provided in the summary announcements.

Capital Expenditure

Not disclosed in available documents. Historical or planned capital expenditure values in INR Cr were not mentioned.

Credit Rating & Borrowing

CRISIL suspended its ratings for the company's INR 9.5 Cr (95 million) bank loan facilities on 13 July 2012 due to non-cooperation. Previous ratings included CRISIL A1+ for short-term facilities (INR 7 Cr) and CRISIL A+/Stable for long-term facilities (INR 2.5 Cr Cash Credit).

⚙️ Operational Drivers

Raw Materials

Steel is the primary raw material used for the production of precision-welded and seamless steel tubes. Specific cost percentages for steel coils or billets are not disclosed.

Capacity Expansion

The company has a current installed capacity of 24 million meters per annum (mmpa) for welded tubes and 16 mmpa for seamless tubes at its Halol, Gujarat plant. It also maintains a wind power capacity of 5.35 MW.

Raw Material Costs

Not disclosed in available documents. Procurement strategies and YoY cost changes were not provided.

Manufacturing Efficiency

Not disclosed in available documents. Specific capacity utilization percentages were not provided.

📈 Strategic Growth

Growth Strategy

The company focuses on maintaining its position as one of the largest players in the precision steel tube market by catering to high-volume OEMs in the automotive, refrigeration, and general engineering industries. A new inter-se promoter agreement signed on 22 November 2025 ensures management stability by requiring 75% promoter consent for share transfers and pledges, preventing hostile takeovers or sudden exits.

Products & Services

Precision-welded steel tubes, seamless steel tubes of small diameters, cold-formed nuts, and wind power generation.

Brand Portfolio

Gandhi Special Tubes.

Market Share & Ranking

The company is identified as one of the largest players in the precision-welded and seamless steel tubes business in India.

🌍 External Factors

Industry Trends

The industry is currently driven by the demand for high-precision components in the automotive sector. The company is positioned to benefit from this trend through its specialized 40 mmpa capacity for small-diameter tubes.

Competitive Landscape

The company competes with other specialized steel tube manufacturers, maintaining its edge through scale and its integrated manufacturing plant in Gujarat.

Competitive Moat

The company possesses a durable moat through its specialized manufacturing capabilities for small-diameter precision tubes and long-standing relationships with major OEMs, which are difficult for new entrants to replicate at scale.

Macro Economic Sensitivity

Highly sensitive to the growth cycles of the Indian automotive and refrigeration industries.

Consumer Behavior

Increased demand for high-quality, durable precision components in consumer appliances and vehicles is driving the shift toward specialized tube suppliers.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to manufacturing standards for steel tubes and regulations governing wind power generation in Gujarat.

Environmental Compliance

The company operates a 5.35 MW wind power plant, contributing to its green energy profile, though specific ESG compliance costs are not disclosed.

⚠️ Risk Analysis

Key Uncertainties

The transmission of a 13.24% stake following the death of promoter Bhupatrai Gandhi and the historical suspension of credit ratings due to non-cooperation with CRISIL are key uncertainties.