T N Steel Tubes

Why is Tamilnadu Steel Tubes Ltd falling/rising?

As of 24-Jun, Tamilnadu Steel Tubes Ltd's stock price is Rs 23.00, reflecting a 4.76% decline today and a significant year-to-date drop of 44.39%. The stock is underperforming compared to the sector and has shown erratic trading patterns, indicating bearish sentiment among investors.

As of 24-Jun, Tamilnadu Steel Tubes Ltd's stock price is currently at Rs 23.00, with no change from the previous trading session. The stock has experienced a significant decline of 4.76% today, opening with a loss and touching an intraday low of Rs 23. This performance indicates that the stock is underperforming compared to the sector, with a negative performance of -6.1%. <BR><BR>Over the past week, the stock has decreased by 4.76%, while the benchmark Sensex has only fallen by 0.21%. Year-to-date, the stock has seen a substantial drop of 44.39%, compared to a 9.66% decline in the Sensex. Despite a positive return of 21.05% over the past month and year, the overall trend shows that the stock is struggling, particularly in the short term. <BR><BR>Additionally, the stock has not traded on 4 out of the last 20 days, indicating erratic trading patterns. The moving averages suggest that while the stock is higher than its 20-day moving average, it is lower than the 5-day, 50-day, 100-day, and 200-day moving averages, which may reflect a bearish sentiment among investors. Overall, these factors contribute to the current decline in the stock price of Tamilnadu Steel Tubes Ltd.

Which are the latest news on T N Steel Tubes?

How big is T N Steel Tubes?

As of 10th June, Tamilnadu Steel Tubes Ltd has a market capitalization of 14.00 Cr, with recent net sales of 91.86 Cr and a net profit loss of 0.06 Cr over the last four quarters. Shareholder's funds are 9.50 Cr, and total assets amount to 36.62 Cr.

As of 10th June, <BR><BR>Market Cap: Tamilnadu Steel Tubes Ltd has a market capitalization of 14.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 91.86 Cr, while the sum of Net Profit for the same period is a loss of 0.06 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2025. Shareholder's Funds are valued at 9.50 Cr, and Total Assets amount to 36.62 Cr.

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

The management team of T N Steel Tubes includes Bivashwa Das, N Sudharsan, MT Elumalai, Ram Ashish Singh, Rakesh Goyal, and several independent directors, all contributing to the company's governance and strategic direction.

The management team of T N Steel Tubes includes the following individuals:<BR><BR>1. **Bivashwa Das** - Executive Director & Wholetime Director<BR>2. **N Sudharsan** - Executive Director / Wholetime Director / Manager<BR>3. **MT Elumalai** - Executive Director & Wholetime Director<BR>4. **Ram Ashish Singh** - Whole-time Director<BR>5. **Rajesh Sai Iyer** - Independent Non-Executive Director<BR>6. **Renuka Ramesh** - Independent Non-Executive Director<BR>7. **Jyothi Sathish** - Independent Non-Executive Director<BR>8. **R.V. Sathyanarayanan** - Independent Director<BR>9. **Rakesh Goyal** - Executive Director & Managing Director<BR>10. **Cma Divya Abhishek** - Independent Director<BR><BR>This team plays a crucial role in the governance and strategic direction of the company.

Who are the peers of the T N Steel Tubes?

T N Steel Tubes' peers include Modern Steels, Rish.Digh.Steel, Trans Freight, AFLOAT Enterpris, Eastcoast Steel, Monind, Castora Agri Com, MFS Intercorp, and Quality Foils. In terms of performance, T N Steel Tubes has a 1-year return of 78.50%, while Castora Agri Com leads at 125.34% and Rish.Digh.Steel lags at -24.74%.

Peers: The peers of T N Steel Tubes are Modern Steels, Rish.Digh.Steel, Trans Freight, AFLOAT Enterpris, Eastcoast Steel, Monind, Castora Agri Com, MFS Intercorp, and Quality Foils.<BR><BR>Quality Snapshot: Excellent management risk is observed at MFS Intercorp, while Average management risk is found at Rish.Digh.Steel and AFLOAT Enterpris, and the rest have Below Average management risk. In terms of Growth, Average growth is noted at Eastcoast Steel and Castora Agri Com, while Below Average growth is seen at Rish.Digh.Steel, AFLOAT Enterpris, T N Steel Tubes, and the rest. For Capital Structure, Good capital structure is present at AFLOAT Enterpris, while Below Average capital structure is found at Rish.Digh.Steel, T N Steel Tubes, Eastcoast Steel, Castora Agri Com, MFS Intercorp, Quality Foils, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Castora Agri Com at 125.34%, while the peer with the lowest is Rish.Digh.Steel at -24.74%. T N Steel Tubes has a 1-year return of 78.50%, which is significantly higher than Rish.Digh.Steel but lower than Castora Agri Com. Additionally, peers such as Modern Steels, Rish.Digh.Steel, Trans Freight, AFLOAT Enterpris, Eastcoast Steel, Monind, MFS Intercorp, and Quality Foils have negative six-month returns.

What does T N Steel Tubes do?

Tamilnadu Steel Tubes Ltd manufactures pipes and tubes in the Iron & Steel Products industry. As of March 2026, it reported net sales of 26 Cr and a market cap of INR 14 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 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 26 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2026)<BR>- Market cap: INR 14 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 217.00<BR>- Industry P/E: 9<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.73<BR>- Return on Equity: 0.61%<BR>- Price to Book: 1.38<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

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

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.

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.

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.

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.

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 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.

Has T N Steel Tubes declared dividend?

No Dividend History Available