Company Overview

Surani Steel Tubes Limited, established in July 2012, has distinguished itself as a leading and quality manufacturer of steel tubes. The company is engaged in the manufacturing and supplying of electric resistance welded (ERW) pipes and steel tubes. Formerly known as Surani Steel Private Limited, the company is part of the Vinayak Group and specializes in Electric Resistance Welding Mild Steel ERW MS Pipes.

The company was originally incorporated as a Private Limited Company with the name Surani Steel Private Limited on July 31, 2012, and later changed its name to Surani Steel Tubes Private Limited on August 13, 2018. It was subsequently converted into a Public Limited Company and is registered at Registrar of Companies, Ahmedabad. The company got listed on the stock exchanges on February 6, 2019.

Business Operations and Product Portfolio

The company's product portfolio includes square and rectangle hollow sections, ERW round pipes and tubes, mild steel (MS) slit coils and strips, hot roll coils, and brochures. The company operates through a single business segment: manufacturing ERW MS PIPES & Trading of MS PIPE, and operates through a single geographical segment: India.

Surani Steel Tubes Ltd has achieved remarkable success in producing steel tubes with a Nominal Bore ranging from 20 MM to 100 MM with a measured breadth of 1.6 MM to 5 MM and a length of up to 12 meters. Recently, the company has set up a new facility to manufacture ERW MS Pipes ranging from 100 NB to 300 NB at its location in Dahegam, Gandhinagar, Gujarat, on 8,300 square meters of land.

Applications and Industry Segments

The company's electric resistance welded pipes are widely used in plumbing, water supply systems, and oil and gas transmission systems. The company's coils are used in agriculture, construction, medical, and various other engineering industries. Its hot rolled MS coils are utilized in various heavy-duty industries.

The ERW MS Pipes & steel tubes have applications across agriculture, construction, chemicals, and other large-scale industries. Surani Steel Tubes Limited strives to provide a diversified range of products to fulfill the requirements of the Architectural, Infrastructural, Industrial, and Engineering Industry.

Quality Standards and Certifications

The company is an ISO 9001:2015 certified company and has been granted the IS 4923:1997 and IS 1161:2014 Quality Standard License from the Bureau of Indian Standards. Surani Steel carries out its Quality Management System, certified in accordance with its well-maintained UT Machine, Hydro testing Machine, and many other types of equipment in its premises, which checks from raw material to finished goods.

The company uses high-grade soft and mild steel in its manufacturing processes. Raw inputs are procured from reliable vendors chosen after a stringent and impartial selection procedure. The quality control process starts with slitting the strip edges and continues with speed and temperature control during the high-frequency induction welding.

Financial Performance

Surani Steel Tubes Ltd has a market capitalization of ₹164 crore as of recent market data. The company has generated revenue of ₹201 crore with a profit of ₹2.96 crore. The company has an operating revenue of ₹454.14 crore on a trailing 12-month (TTM) basis.

For FY 2024-25, Surani Steel Tubes Ltd experienced a 60% increase in sales volume, reaching 43,488 MT. Revenue rose by 70.7%, and the company turned a profit of ₹1 crore, showcasing strong growth and commitment to innovation. The company achieved an annual revenue growth of 26%.

Key Financial Metrics:

- Revenue: ₹201 crore

- Net Profit: ₹2.96 crore

- Operating Revenue (TTM): ₹454.14 crore

- Sales Volume FY25: 43,488 MT

- Market Capitalization: ₹164 crore (Recent Data)

Shareholding Pattern and Management

Promoter holding in Surani Steel Tubes Ltd has decreased to 31.02% as of December 2024 from 39.02% as of June 2024. The company's current promoters include Mukesh Patel, Dinesh Patel, Karshan Patel, Prakash Patel, Mani Patel, and Prakash Karsanbhai Patel HUF and Karsanbhai Devjibhai Patel HUF.

Mohinder Singh serves as the Company Secretary & Compliance Officer. The company's registered office is located at SNo110 & 115 Sampa Tal-Dahegam, Opp Vinayak TMT Bayad Road, Gandhinagar, Gujarat-382315.

Recent Developments

Surani Steel Tubes Limited informed the Exchange regarding a press release dated April 03, 2025, titled "Annual Business Update FY 25." As of April 21, 2025, the company certified non-applicability of the Corporate Governance Report for FY ended March 31, 2025.

The company continues to focus on expanding its manufacturing capabilities and improving operational efficiency while maintaining its commitment to quality standards and customer satisfaction in the competitive steel tubes and pipes market.