Gandhi Spl. Tube Share Price ₹899 | P/E 14.3

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Gandhi Spl. Tube

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	34.70	46.23	43.96	41.25	39.45	40.83	48.61	39.77	43.33	48.11	48.01	48.44	47.21
Expenses +	21.73	29.12	28.25	25.74	23.66	25.04	28.79	23.03	27.29	27.34	26.98	26.14	27.72
Operating Profit	12.97	17.11	15.71	15.51	15.79	15.79	19.82	16.74	16.04	20.77	21.03	22.30	19.49
OPM %	37.38%	37.01%	35.74%	37.60%	40.03%	38.67%	40.77%	42.09%	37.02%	43.17%	43.80%	46.04%	41.28%
Other Income +	1.59	4.03	2.64	2.93	2.78	3.40	4.18	2.07	2.25	8.07	3.21	4.85	-5.22
Interest	0.00	0.02	0.03	0.03	0.01	0.02	0.02	0.02	0.14	0.04	0.04	0.04	-0.02
Depreciation	0.78	0.75	0.75	0.80	0.78	0.80	0.84	0.87	0.84	0.84	0.87	0.87	0.85
Profit before tax	13.78	20.37	17.57	17.61	17.78	18.37	23.14	17.92	17.31	27.96	23.33	26.24	13.44
Tax %	24.17%	22.58%	24.64%	25.04%	24.86%	22.05%	25.45%	15.40%	30.96%	22.75%	24.17%	24.92%	30.36%
Net Profit +	10.46	15.77	13.25	13.21	13.36	14.32	17.25	15.16	11.95	21.61	17.69	19.70	9.36
EPS in Rs	8.61	12.98	10.90	10.87	10.99	11.78	14.20	12.48	9.83	17.78	14.56	16.21	7.70

Financials of Gandhi Spl. Tube

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	92	91	98	114	123	81	114	137	167	171	173	192
Expenses +	69	64	65	73	77	57	69	88	107	107	104	108
Operating Profit	23	27	33	41	46	24	45	49	61	64	68	84
OPM %	25%	30%	34%	36%	37%	30%	39%	36%	36%	38%	40%	44%
Other Income +	4	3	10	8	8	6	6	5	5	12	12	11
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5	5	4	4	4	4	3	3	3	3	3	3
Profit before tax	23	25	38	45	50	26	48	50	63	73	77	91
Tax %	31%	26%	19%	26%	22%	18%	24%	24%	25%	24%	24%	25%
Net Profit +	16	19	31	34	39	21	36	39	47	56	59	68
EPS in Rs	10.75	12.62	20.96	24.29	27.96	16.54	27.98	31.74	38.96	45.74	48.28	56.25
Dividend Payout %	70%	59%	43%	37%	32%	54%	32%	32%	31%	28%	31%	27%

Financials of Gandhi Spl. Tube

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	7	7	7	7	7	6	6	6	6	6	6	6
Reserves	153	158	180	170	194	140	165	141	176	217	260	310
Borrowings +	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities +	14	15	18	20	20	15	20	19	20	20	20	24
Total Liabilities	174	180	206	197	221	162	192	166	202	243	286	340
Fixed Assets +	63	59	55	51	51	48	45	47	44	43	43	42
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	65	82	104	99	120	69	94	73	85	132	170	213
Other Assets +	46	40	46	47	50	44	53	47	73	68	73	85
Total Assets	174	180	206	197	221	162	192	166	202	243	286	340

Financials of Gandhi Spl. Tube

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	15	29	21	32	31	19	32	42	45	26	47	55
Cash from Investing Activity +	-1	-14	-5	13	-17	56	-20	22	-7	-37	-30	-34
Cash from Financing Activity +	-13	-13	-16	-44	-15	-76	-12	-64	-12	-15	-16	-18
Net Cash Flow	0	1	0	1	-1	-1	1	-0	26	-25	1	3
Free Cash Flow	11	28	20	32	27	18	31	38	44	25	43	53
CFO/OP	95%	134%	81%	109%	91%	107%	97%	110%	100%	66%	96%	93%

Financials of Gandhi Spl. Tube

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	50	65	61	62	46	66	82	44	39	42	47	39
Inventory Days	300	186	288	197	231	308	204	179	138	233	266	313
Days Payable	13	10	10	16	15	12	17	10	9	9	11	10
Cash Conversion Cycle	337	240	339	243	262	362	269	213	168	265	302	341
Working Capital Days	152	120	139	107	113	168	122	92	72	115	124	131
ROCE %	13%	15%	21%	25%	26%	15%	30%	30%	36%	32%	28%	32%

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Gandhi Spl. Tube Share Price & Earnings Call Analysis