Surani Steel Tub

: SURANI · Iron & Steel Products

52W Range₹47 ₹144

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Snapshot

Unlock Surani Steel Tub's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Surani Steel Tubes Ltd is an Indian manufacturer and supplier specialising in a diverse range of mild steel products, including ERW pipes, tubes, and coils. The company caters to various industrial and structural applications through its extensive portfolio of hollow sections and steel coils.

Business Model

The company operates as a manufacturer and supplier, generating revenue through the production and sale of mild steel products to industrial and construction clients. It leverages electric resistance welding (ERW) technology to process steel coils into finished pipes and hollow sections.

Growth Outlook

Growth is primarily driven by the increasing demand for steel structural components in infrastructure and industrial projects across India. The company focuses on maintaining its manufacturing capabilities to meet the evolving requirements of the steel pipe and tube market.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of steel coils and other raw materials can significantly impact the company's operating margins.
  • Cyclicality of Steel Industry. The business is highly sensitive to economic cycles and infrastructure spending patterns, which directly influence demand for steel products.
  • Intense Market Competition. The company faces stiff competition from both large-scale integrated steel producers and numerous unorganised players in the steel tube segment.
  • Regulatory and Environmental Compliance. Stringent environmental regulations regarding steel manufacturing processes may lead to increased compliance costs or operational disruptions.

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Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Surani Steel TubSURANI
₹151 Cr-1.7%+14.3%
Panchmahal SteelPANCHMAHQ
₹580 Cr99.7231.765.0%3.9%7.2%+13.9%
Modern MalleableMODMA
₹569 Cr29.4021.16189.2%18.2%11.8%15.1%
Azad India Mobility LimitedAZADIND
₹509 Cr3.3%-1.4%-1.3%-30.1%
SurajSURAJLTD
₹385 Cr46.4419.13-15.2%12.0%6.1%12.6%-32.1%
Shah MetacorpSHAH
₹369 Cr26.7125.4348.8%10.1%5.6%5.4%+12.3%

As of Mar 2026

Financials