Tamilnadu Steel Tubes Ltd.

BSE: TNSTLTU · Iron & Steel Products

52W Range₹18 ₹41

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Snapshot

Unlock Tamilnadu Steel Tubes Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

T N Steel Tubes Limited is an Indian manufacturer and trader specialising in electric resistance welded steel tubes and pipes. The company serves diverse sectors including construction, infrastructure, automotive, and general engineering with its range of black and galvanised pipes.

Business Model

The company generates revenue by procuring steel coils and processing them into finished tubular products through standardised welding operations. It focuses on meeting regional industrial demand for structural and fluid transmission applications.

Growth Outlook

Growth is primarily driven by the expansion of infrastructure and construction projects within India, which increases demand for structural steel pipes. The company leverages its niche presence in the secondary steel sector to capture regional market opportunities.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of steel coils directly impact the company's manufacturing margins.
  • Cyclical Industry Demand. The company's performance is highly sensitive to cyclical downturns in the construction and automotive sectors.
  • Competitive Pressure. The secondary steel pipe market is highly fragmented, leading to intense price competition from both organised and unorganised players.
  • Regulatory and Environmental Risks. Changes in industrial regulations or environmental standards regarding steel processing could necessitate additional capital expenditure.

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Key Metrics

REVENUE

₹92 Cr

TTM · standalone

+24.4%YoY

NET PROFIT

₹0.14 Cr

TTM · standalone

-50.0%YoY

EPS

₹0.27

TTM · standalone

-30.8%YoY

RETURN ON EQUITY

1.5%

TTM · standalone

-1.5 ppYoY

RETURN ON CAPITAL EMPLOYED

4.1%

TTM · standalone

+0.4 ppYoY

EV/EBITDA

11.7x

Q4 FY26 · standalone

11.7 vs 21.5x5Y avg

EBITDA MARGIN

1.6%

TTM · standalone

-0.1 ppYoY

NET PROFIT MARGIN

0.2%

Q4 FY26 · standalone

-0.4 ppYoY

DEBT TO EQUITY

1.0x

Q4 FY26 · standalone

+0.12xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Tamilnadu Steel Tubes Ltd.TNSTLTU
₹14 Cr104.0014.6424.4%1.6%1.5%4.1%
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 Q4 FY26

Financials