Gandhi Special Tubes Limited (GSTL) was incorporated on April 22, 1985, and commenced business in May 1985. The company is primarily engaged in the manufacture of seamless and welded steel tubes, nuts, and the generation of wind power. Gandhi Special Tubes Ltd. delivers innovative and reliable tubular solutions to a diverse range of industries and niche markets in core sectors such as automotive, tractors, earthmovers, hydraulics, and general engineering.
The company has established itself as a prominent manufacturer in the Indian steel tubes industry, with a reputation for integrity, dependability, and quality. Gandhi remains the undisputed market leader in Cold Drawn Seamless Tubes in India. From its humble beginnings, Gandhi Special Tubes Ltd has expanded its presence across Asia, North America, and Europe.
The company's main manufacturing plant is located at Halol in Gujarat State, with an installed capacity of 1800 M.T. for Seamless Tubes and 2400 M.T. for Welded Steel Tubes. Additionally, it has manufacturing facilities for Cold Formed Nuts, primarily used in the automobile and general engineering industry, also in Halol, Gujarat.
Gandhi Special's manufacturing excellence is driven by advanced technology and processes. Tubes are Bright Annealed in an advanced German continuous Roller Hearth Furnace, which prevents scale formation during annealing. This process results in absolutely bright and scale-free tubes, eliminating the need for pickling. All critical equipment was imported from Germany, and the plant in Gujarat started commercial production in April 1988.
The company's product portfolio includes seamless steel tubes, welded tubes, and cold-formed coupling nuts of different sizes and specifications. These products find applications in automobiles, refrigeration, air-conditioning, and the general engineering industry.
Gandhi Special Tubes caters to the automobile and general engineering industry. Its prestigious customer base includes Tata Motors, BHEL, Voltas, Samsung, and LG. The firm's products are supplied to original equipment manufacturers in the automotive sector, farm equipment manufacturers, construction equipment manufacturers, refrigerator manufacturers, and other engineering industries.
Beyond traditional manufacturing, the company has diversified its operations into renewable energy. It has installed two windmills with capacities of 1.25 MW and 0.350 MW at Bhogat, Navadara in Gujarat State, and two windmills with a capacity of 1.25 MW each at Sangli in Maharashtra State.
As of June 25, 2025, the market capitalization of Gandhi Special Tubes Ltd (GANDHITUBE) is ₹871.30 Crore. The company has demonstrated strong financial performance. For the full year ended March 2025, net profit rose 5.56% to ₹58.67 crore, compared to ₹55.58 crore in the previous year. Sales for the same period rose 0.97% to ₹172.54 crore, up from ₹170.88 crore in FY24.
Key financial metrics for Q4 FY25 show mixed performance. Net profit declined 10.55% to ₹11.95 crore in the quarter ended March 2025, against ₹13.36 crore in the previous quarter (Q4 FY24). However, sales for Q4 FY25 rose 9.84% to ₹43.33 crore, compared to ₹39.45 crore in Q4 FY24.
• Revenue FY25: ₹172.54 crore (up 0.97% YoY)
• Net Profit FY25: ₹58.67 crore (up 5.56% YoY)
• Q4 FY25 Revenue: ₹43.33 crore (up 9.84% YoY)
• Q4 FY25 Net Profit: ₹11.95 crore (down 10.55% YoY)
• Market Capitalization: ₹871.30 Crore (as of June 2025)
• Promoter Holding: 73.53% (as of March 2025)
• Dividend Yield: 2.09%
• P/E Ratio: 14.85
Promoter holding in Gandhi Special Tubes Ltd increased to 73.53% as of March 2025, from 73.53% as of June 2024. The company is almost debt-free, which significantly strengthens its financial position.
Gandhi Special Tubes maintains strong dividend distribution policies, reflecting its commitment to shareholder returns. Approved FY25 results included a recommended 300% dividend, along with the appointment of a COO, an independent director, and auditor appointments. The company has been maintaining a healthy dividend payout of 30.1%.
The 52-week high for Gandhi Special Tubes Ltd (GANDHITUBE) is ₹929, and the 52-week low is ₹585.50. The P/E (price-to-earnings) ratio for GANDHITUBE is 14.85.
The stock has shown resilience over different time periods:
• Last 3 Months: Gandhi Special Tubes Ltd share price moved up by 14.49% on BSE.
• Last 12 Months: Gandhi Special Tubes Ltd share price moved down by 5.61% on BSE.
• Last 3 Years: Gandhi Special Tubes Ltd share price moved up by 105.00% on BSE.
Fueled by cutting-edge German technology, rigorous industrial testing procedures, and a highly skilled workforce, Gandhi Special Tubes is fully prepared to surpass the ever-evolving demands of numerous industries with unmatched dependability. The Group continues to strive for excellence with its differentiated product mix, impeccable execution, and a steadfast dedication to sustainability.
The company's commitment to quality is evident in its robust quality management system, which leaves no room for compromise. Each finished product is meticulously crafted to meet the most stringent tolerances demanded by its customers.
Gandhi Special Tubes Ltd continues to strengthen its position in the specialized steel tubes market through technological advancement, strategic investments in renewable energy, and maintaining strong relationships with leading automotive and engineering companies. The company's debt-free status and consistent dividend policy make it an attractive investment proposition in the metals and engineering sector.
