T N Steel Tubes

Who are the top shareholders of the T N Steel Tubes?

The top shareholders of T N Steel Tubes include promoter Seema Goyal with 4.91% and public shareholder Kareetam Traders Ltd with 19.61%. Individual investors collectively own 63.25%, with no pledged promoter holdings or shares held by mutual funds or foreign institutional investors.

The top shareholders of T N Steel Tubes include Seema Goyal, who is the promoter with the highest holding at 4.91%. Additionally, Kareetam Traders Ltd holds a significant stake as the highest public shareholder with 19.61%. Individual investors collectively own 63.25% of the company. Notably, there are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors holding shares.

how big is T N Steel Tubes?

As of March 2024, Tamilnadu Steel Tubes Ltd has a market capitalization of 7.00 Cr, categorizing it as a Micro Cap company, with net sales of 73.86 Cr and a net profit of 0.10 Cr over the latest four quarters. Shareholder's funds are 9.48 Cr, and total assets amount to 31.71 Cr.

Market Cap: Tamilnadu Steel Tubes Ltd has a market capitalization of 7.00 Cr, which categorizes it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which is Standalone data, amounts to 73.86 Cr. The sum of Net Profit for the same period is 0.10 Cr.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the latest annual period ending in March 2024. Shareholder's Funds are reported at 9.48 Cr, while Total Assets stand at 31.71 Cr.

What does T N Steel Tubes do?

Tamilnadu Steel Tubes Ltd manufactures pipes and tubes in the Iron & Steel Products industry, classified as a Micro Cap. As of March 2025, it reported net sales of 20 Cr and a market cap of Rs 7 Cr.

Overview:<BR>Tamilnadu Steel Tubes Ltd is a company that manufactures and deals in various types of pipes and tubes, operating within the Iron & Steel Products industry and classified as a Micro Cap.<BR><BR>History:<BR>Incorporated on July 13, 1979, Tamilnadu Steel Tubes Ltd became a deemed public limited company on April 1, 1982, and was converted into a Public Limited Company on October 15, 1986. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 20 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 7 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 7.00<BR>- Industry P/E: 9<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.76<BR>- Return on Equity: 1.05%<BR>- Price to Book: 0.70<BR><BR>Contact Details:<BR>Address: Mercury Apartments No 65, 1st Floor Pantheon Road Egmore Chennai Tamil Nadu : 600008 <BR>Tel: 91-44-28555653/28555673 <BR>Fax: 91-44-28555643 <BR>Email: tnt.share@yahoo.in/tnstl@vsnl.net <BR>Website: http://www.tamilnadusteeltubesltd.com

Has T N Steel Tubes declared dividend?

No Dividend History Available

Who are the peers of the T N Steel Tubes?

T N Steel Tubes' peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, and others, with varying management risks and growth rates. APL Apollo Tubes leads in quality and growth, while T N Steel Tubes has a 1-year return of 3.28%, lower than Welspun Corp's 68.56%.

Peers: The peers of T N Steel Tubes are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, P.M. Telelinnks, Shree Precoated, Vallabh Steels, Mahalaxmi Seam., and Elango Industrie.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, and Ratnamani Metals. Average management risk is present at Jindal Saw, and Below Average management risk is seen at P.M. Telelinnks, Mahalaxmi Seam., T N Steel Tubes, and Elango Industrie. Growth is Excellent at APL Apollo Tubes and Jindal Saw, Average at Shyam Metalics and Ratnamani Metals, and Below Average at Welspun Corp, P.M. Telelinnks, Mahalaxmi Seam., T N Steel Tubes, and Elango Industrie. Capital Structure is Excellent at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, Good at Welspun Corp and P.M. Telelinnks, and Below Average at Jindal Saw, Mahalaxmi Seam., T N Steel Tubes, and Elango Industrie.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.56%, while the lowest is Jindal Saw at -22.93%. T N Steel Tubes has a 1-year return of 3.28%, which is higher than Jindal Saw but significantly lower than Welspun Corp. Additionally, Ratnamani Metals, Jindal Saw, and Mahalaxmi Seam. have negative six-month returns.

What is the technical trend for T N Steel Tubes?

As of June 5, 2025, T N Steel Tubes exhibits a mildly bearish trend, supported by bearish weekly and daily MACD, moving averages, and other indicators.

As of 5 June 2025, the technical trend for T N Steel Tubes has changed from bearish to mildly bearish. The weekly MACD remains bearish, while the monthly MACD is mildly bearish, indicating a lack of strong upward momentum. The daily moving averages are bearish, further supporting the overall bearish sentiment. The Bollinger Bands and KST both show mildly bearish trends on both weekly and monthly time frames. The Dow Theory and OBV also reflect a mildly bearish stance. Overall, the current technical stance is mildly bearish, with key indicators such as the MACD and moving averages driving this assessment.

Who are in the management team of T N Steel Tubes?

As of March 2022, the management team of T N Steel Tubes includes Bivashwa Das, N Sudharsan, MT Elumalai, Ram Ashish Singh, Rakesh Goyal, and several independent directors such as Rajesh Sai Iyer, Renuka Ramesh, and Jyothi Sathish, among others, overseeing the company's governance and strategy.

As of March 2022, the management team of T N Steel Tubes consists of the following individuals:<BR><BR>1. Bivashwa Das - Executive Director & Wholetime Director<BR>2. N Sudharsan - Executive Director / Wholetime Director / Management<BR>3. MT Elumalai - Executive Director & Wholetime Director<BR>4. Ram Ashish Singh - Whole-time Director<BR>5. Rakesh Goyal - Executive Director & Managing Director<BR>6. Rajesh Sai Iyer - Independent Non-Executive Director<BR>7. Renuka Ramesh - Independent Non-Executive Director<BR>8. Jyothi Sathish - Independent Non-Executive Director<BR>9. R.V. Sathyanarayanan - Independent Director<BR>10. Cma Divya Abhishek - Independent Director<BR><BR>This team comprises both executive and independent directors, contributing to the governance and strategic direction of the company.

How has been the historical performance of T N Steel Tubes?

T N Steel Tubes has shown fluctuating historical performance, with net sales increasing slightly to 73.86 Cr in March 2025 but declining from 92.06 Cr in March 2023. While operating profit improved, profit after tax decreased, indicating mixed results in operational efficiency and profitability.

Answer:<BR>The historical performance of T N Steel Tubes shows a fluctuating trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>T N Steel Tubes reported net sales of 73.86 Cr in March 2025, a slight increase from 71.50 Cr in March 2024, but a decline from 92.06 Cr in March 2023. The total operating income followed a similar pattern, reaching 73.86 Cr in March 2025, compared to 71.50 Cr in the previous year and 92.06 Cr in March 2023. Raw material costs increased to 67.71 Cr in March 2025 from 65.10 Cr in March 2024, while total expenditure also rose to 72.91 Cr from 70.98 Cr. Operating profit, excluding other income, improved to 0.95 Cr in March 2025 from 0.52 Cr in March 2024, although it was lower than the 1.18 Cr recorded in March 2022. Profit before tax showed a modest increase to 0.13 Cr in March 2025 from 0.09 Cr in March 2024, while profit after tax decreased to 0.10 Cr from 0.28 Cr in the previous year. The company's total assets grew to 36.62 Cr in March 2025 from 31.71 Cr in March 2024, and total liabilities also increased to 36.62 Cr from 31.71 Cr. The cash flow from financing activities was positive at 1.00 Cr in March 2025, contributing to a net cash inflow of 1.00 Cr. Overall, T N Steel Tubes has experienced a mixed performance with some improvements in operational efficiency but challenges in profitability and sales compared to previous years.

Is T N Steel Tubes overvalued or undervalued?

As of November 17, 2025, T N Steel Tubes is overvalued with a PE ratio of 225.86 and low return metrics, indicating its high valuation is not justified despite recent strong stock performance.

As of 17 November 2025, T N Steel Tubes has moved from a fair to an expensive valuation grade. The company is currently overvalued, with a PE ratio of 225.86, an EV to EBIT of 23.00, and an EV to EBITDA of 19.83. In comparison to its peers, National Standard has a PE ratio of 309.89, while Mahamaya Steel is at 134.09, indicating that T N Steel Tubes is trading at a significantly higher valuation relative to its industry counterparts.<BR><BR>The company's return metrics also reflect its overvaluation, with a ROCE of only 3.71% and a ROE of 0.74%, suggesting inefficient capital use. Despite strong recent stock performance, with a 1-month return of 45.66% compared to the Sensex's 1.19%, the high valuation ratios indicate that T N Steel Tubes is not justified at its current price level.

When is the next results date for Tamilnadu Steel Tubes Ltd?

The next results date for Tamilnadu Steel Tubes Ltd is 14 February 2026.

The next results date for Tamilnadu Steel Tubes Ltd is scheduled for 14 February 2026.

Are Tamilnadu Steel Tubes Ltd latest results good or bad?

Tamilnadu Steel Tubes Ltd's latest results are concerning, showing a net profit of ₹0.00 crores in Q3 FY26, a 100% decline in profitability. Despite a 17.69% year-on-year revenue growth to ₹18.96 crores, the operating margin has dropped significantly, raising serious concerns about the company's operational efficiency and financial health.

The latest results for Tamilnadu Steel Tubes Ltd are concerning. In Q3 FY26, the company reported a net profit of ₹0.00 crores, which represents a complete collapse in profitability compared to the previous quarter and the same quarter last year, both showing a decrease of 100%. While the company did achieve a revenue growth of 17.69% year-on-year, bringing net sales to ₹18.96 crores, this was a decline of 14.36% compared to the previous quarter.<BR><BR>The operating margin has also deteriorated significantly, dropping to just 1.11%, down from 1.85% in the previous quarter. This marks the lowest operating profit level in eight quarters. The company's ability to convert revenue into profit is virtually non-existent, raising serious concerns about its operational efficiency and sustainability.<BR><BR>Additionally, the company's return on equity (ROE) is alarmingly low at 0.74%, indicating that it is generating minimal returns on shareholder capital. The financial health is further stressed by high leverage, with a debt-to-EBITDA ratio of 4.90 times, suggesting financial risk.<BR><BR>Overall, the results highlight a troubling disconnect between revenue growth and profitability, indicating that the company's operational challenges are significant and may pose a risk to its future viability.

Should I buy, sell or hold Tamilnadu Steel Tubes Ltd?

Why is Tamilnadu Steel Tubes Ltd falling/rising?

As of 24-May, Tamilnadu Steel Tubes Ltd's stock price is at 19.00, showing no change but reflecting a downward trend with a year-to-date decline of 54.06%. The stock has underperformed its sector and is trading below all moving averages, indicating a bearish outlook and declining investor participation.

As of 24-May, Tamilnadu Steel Tubes Ltd's stock price is currently at 19.00, with no change from the previous trading session. The stock has been experiencing a downward trend, evidenced by its performance over various periods. Over the past week, the stock has fallen by 4.04%, and in the last month, it has decreased by 7.68%. Year-to-date, the stock has seen a significant decline of 54.06%, contrasting sharply with the Sensex, which has only fallen by 11.51% during the same period. <BR><BR>Additionally, the stock has underperformed its sector, with a performance today that is 7.05% lower than the sector average. The trading activity has also been erratic, as the stock did not trade on 4 out of the last 20 days. Furthermore, it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. <BR><BR>Investor participation appears to be declining, as evidenced by a significant drop in delivery volume, which fell by 80% against the 5-day average on 19 May. Although the sector, specifically Metal - Ferrous, has gained by 2.24%, Tamilnadu Steel Tubes Ltd has not benefited from this upward movement. Overall, these factors contribute to the stock's current decline.

Which are the latest news on T N Steel Tubes?