Surani Steel Tubes
- Market cap
- ₹ 187 Cr.
- P/E
- 69.4x
- P/B
- 1.51x
- 52-week range
- 47.3 – 174.25
- ROE
- 0%
- ROCE
- 0.8%
- Dividend yield
- 0%
- Debt / equity
- 0
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE SME
About
Surani Steel Tubes Limited is an India-based company, which is engaged in the business of manufacturing and supplying electric resistance welded (ERW) pipes and steel tubes. The Company's products include square and rectangle hollow sections, ERW round pipes and tubes, mild steel (MS) slit coils and strips, hot roll coils, and brochures. The Company operates through a single business segment, which is manufacturing and trading of ERW MS Pipes. The Company's electric resistance welded pipes are widely being used in plumbing, water supply systems and oil and gas transmission systems. The Company's steel coils are being used in agriculture, construction, medical and various other engineering industries. It also offers MS slit coils and strips in various standard and customized sizes and specifications. Its hot rolled MS coils are used in various heavy-duty industries. The Company operates a manufacturing facility in Gujarat.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Surani Steel Tubes against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)69.4 against a typical 18.9: pricier than most peers (1st = cheapest).127th of 146
- Share price, 3 months+59.2% against a typical −3.8%.7th of 135
- Size₹ 186.6 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).65th of 135
Latest announcements
Exchange filings and their impact on the company.
- 23 Oct 2026Committee Meeting UpdatesHigh impactPositiveSurani kept its Rs100-cr warrant issue unchanged but swapped two allottees ahead of Oct 30 EGM vote.
Surani Steel Tubes' Preferential Issue Committee on Oct 23, 2026 revised the proposed allottee list for its 98 lakh fully convertible warrants at Rs102 each, totalling Rs99.96 crore. Himani Steels (promoter group) will take 62.03 lakh warrants and 38 public investors will take 35.97 lakh, with Raghav Garg and Savita Singh replacing two earlier names. The company will issue a corrigendum to the Oct 30 EGM notice, with all other terms unchanged.
- Board ups preferential warrant raise to Rs 100 crore at Rs 102, with promoter group taking 63%.
Surani Steel Tubes board on October 7, 2026 raised its planned preferential fund-raise from Rs 85 crore to up to Rs 100 crore via up to 98 lakh fully convertible warrants at Rs 102 each, totalling Rs 99.96 crore. Promoter group firm Himani Steels will take 62.03 lakh warrants and 38 public investors will take 35.97 lakh warrants, convertible within 18 months, lifting promoter holding to 43.39% on full conversion. The board also approved raising authorised capital to Rs 26 crore; the issue needs shareholder approval and strengthens equity funding for future growth.
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 23 Oct 2026 | Warrants | Board approved | ₹ 99.96 Cr. | ₹ 102 | +56.86% | |
| 7 Oct 2026 | Warrants | Board approved | ₹ 99.96 Cr. | ₹ 102 | +56.86% |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 7 Oct 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 30 Sep 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 27 May 2026 | Financial Results/Other business matters | SURANI : 27-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 23, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 27, 2026, To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 23 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 12 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 29 May 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 114 | 41 |
| Expenses | 114 | 42 |
| Operating Profit | 1 | −1 |
| OPM % | 0.5% | −2.1% |
| Other Income | −1 | 2 |
| Interest | 0 | −0 |
| Depreciation | 0 | 0 |
| Profit before tax | −1 | 0 |
| Tax % | −39.1% | 118.4% |
| Net Profit | −1 | −0 |
| EPS in Rs | −0.44 | −0.05 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 3%
- 5 Years
- −3%
- 3 Years
- −9%
- TTM
- −59%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 20%
- TTM
- −118%
- 10 Years
- —
- 5 Years
- 19%
- 3 Years
- −29%
- TTM
- —
- 10 Years
- 1%
- 5 Years
- 1%
- 3 Years
- 1%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Surani Steel Tubes | ₹ 160.00 | ₹ 187 Cr. | 69.4x | 1.5x | 0% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- Gaurav Rajeshbhai Patel
- Chief Financial Officer
- Sarika Kaur
- Compliance Officer, Company Secretary
- Dinesh Karshan Patel
- Joint Managing Director, Director
- Mukesh Vishrambhai Patel
- Joint Managing Director, Director
Prices are delayed and for information only. Nothing on this page is investment advice.