Surani Steel TubesShare price, financial results, shareholding and management
- Market cap
- ₹232 cr
- Stock P/E
- 113.0peers 16.5
- Book value
- ₹79.7
- Price to book
- 1.87
- EV / operating profit
- -
- Market cap to sales
- 2.51
- ROCE · FY26
- 2.2%
- ROE · FY26
- 1.7%
- ROE, 3-year average
- 1.0%
- Operating margin · FY26
- -1.7%peers 14.9%
- Sales growth, 3 years
- -9.3%
- Profit growth, 3 years
- +318.4%
- Debt to equity
- 0.00peers 0.27
- Borrowings
- ₹0 cr
- Interest cover
- No interest
- Cash from business / op. profit
- -788%
- Debtor days
- 12
- Pledged
- 0.00%
- Promoter holding
- 30.84%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 1,152
- 52-week high / low
- ₹174 / ₹47
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Surani Steel Tubes share price chart
Close on 6 Nov 2026 · +2.76% on the day · Vol 6,800
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -6.0%
- 3 months
- +50.2%
- 6 months
- +9.6%
- 1 year
- +81.6%
- Traded a day, 20 days
- ₹0.11 cr
- Taken for delivery
- 93%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | -59% | +318% |
| 3 years, a year | -9% | - |
| Latest half, H2 FY26 | -64% | - |
About Surani Steel Tubes: business, products and customers
Surani Steel Tubes makes welded steel pipes and tubes at a plant in Gujarat for builders, factories and infrastructure work across India, and also trades pipes. Its shares trade on NSE Emerge.
Surani Steel Tubes, set up in July 2012, makes ERW mild steel pipes and tubes in round, square and rectangular shapes from 20 NB to 100 NB, along with slit coils and strips, at one plant in Dahegam near Gandhinagar, Gujarat. It also trades mild steel pipes, and all its sales are in India, to users in infrastructure, engineering, construction, agriculture and energy. In November 2023 the company gave the plant's capacity as 40,000 tonnes a year and named Adani Ports & Logistics, Tata Power, Ratnamani, Indian Oil and Larsen & Toubro among its clients.
Management changed in 2023, when Vijay Singla, Chetan Singla and Pavni Singla joined the board, and the company then issued 72,64,036 warrants at ₹135 each to public investors, fully converted by January 2025. In FY25 sales rose 45% to ₹225.0 cr and the range added solar module mounting structures, low pressure water and gas pipes and greenhouse frames. In FY26 sales fell to ₹92.3 cr, which the Managing Director put down to lower business volumes and the market environment.
Read more about the business
The business model shapes the numbers in three ways. Hot rolled steel coil is about nine tenths of the cost, so revenue moves with tonnes and steel prices while the margin is a thin spread that has stayed close to zero; in FY26 the operations ran at a loss before other income, and the reported profit came from interest on loans given to other companies and a gain on selling mutual funds that had lost value in FY25. At March 2026 the company also held ₹125.0 cr of pipes bought for trading, all still in transit, against ₹125.1 cr owed to suppliers, which is why both stock and money owed jumped in the year.
The company's documents name no competitors; the FY26 annual report lists strong competition from organised and unorganised makers, and swings in hot rolled coil prices, among its threats.
From the FY25 and FY26 annual reports, the November 2023 investor presentation, the FY26 results filed in May 2026 and the company's exchange announcements.
Read the deeper study ↓In its favour
- It brings in more cash than it shows as profit: ₹12.6 cr against ₹2.1 cr in FY26.
- It has little debt for its size: debt to equity 0.00.
To watch
- Sale of the ₹125.0 cr of trading stock that was in transit at March 2026, bought on credit from suppliers (annual report FY26, p.56 and p.70).
- Repayment of the ₹40.4 cr lent to Powersol Metalcraft, Duddu Fin-Lease and Infonity Infra; Infonity Infra is listed as a related party and the Joint Managing Director, Chetan Singla, is one of its directors (annual report FY26, p.76, p.81 and p.127).
- The auditor's emphasis of matter on balances with customers, suppliers and others still to be confirmed, an advance of ₹0.18 lakh the auditor says breaches the deposit rules, and a disputed GST demand of ₹4.96 lakh (annual report FY26, p.47 and p.51).
- Three company secretaries in FY26, and the exchange's request on 1 March 2026 for clarification on the results for the period to 30 September 2025 under Regulation 33 (annual report FY26, p.76; exchange announcements, 6 Jan 2026 and 1 Mar 2026).
- The promoters' share has come down: 30.84%, from 38.40%.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Surani Steel Tubes revenue and profit growth
Half-yearly results · Profit and lossSales have fallen. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
SME companies report every six months. In the latest half, sales were lower than in the same half a year before.
Surani Steel Tubes half-yearly results
SME companies report every six months · ₹ crore
| H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|
| Sales | 114.21 | 50.94 | 41.34 |
| Expenses | 113.67 | 51.69 | 42.20 |
| Operating profit | 0.55 | -0.76 | -0.86 |
| OPM | 0.5% | -1.5% | -2.1% |
| Interest | 0.02 | 0.04 | -0.04 |
| Depreciation | 0.46 | 0.45 | 0.44 |
| Profit before tax | -1.14 | 2.66 | 0.96 |
| Net profit | -0.69 | 2.11 | 0.20 |
Surani Steel Tubes profit and loss
Full years to March, FY15 to FY26 · ₹ crore, consolidated where reported
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58.11 | 68.35 | 76.53 | 100.78 | 92.99 | 97.89 | 106.58 | 136.75 | 123.60 | 155.14 | 225 | 92.28 |
| Expenses | 56.19 | 65.09 | 73.03 | 96.65 | 91.89 | 99.41 | 99.38 | 131.99 | 123.25 | 154.74 | 223.62 | 93.88 |
| Operating profit | 1.92 | 3.26 | 3.50 | 4.13 | 1.10 | -1.52 | 7.20 | 4.76 | 0.35 | 0.40 | 1.38 | -1.60 |
| OPM | 3.3% | 4.8% | 4.6% | 4.1% | 1.2% | -1.6% | 6.8% | 3.5% | 0.3% | 0.3% | 0.6% | -1.7% |
| Other income | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.10 | 0.08 | 0.06 | 0.21 | 0.79 | -0.40 | 5.53 |
| Interest | 1.34 | 1.32 | 1.36 | 1.02 | 0.86 | 2.01 | 1.97 | 1.66 | 1.12 | 0.11 | 0.02 | 0 |
| Depreciation | 0.34 | 0.51 | 0.40 | 0.39 | 0.37 | 1.26 | 1.27 | 1.26 | 0.94 | 0.48 | 0.80 | 0.89 |
| Profit before tax | 0.27 | 1.46 | 1.77 | 2.74 | -0.11 | -4.69 | 4.04 | 1.90 | -1.50 | 0.60 | 0.16 | 3.04 |
| Tax rate | 37.0% | 2.1% | 43.5% | 35.8% | 18.2% | 5.8% | 3.7% | 2.6% | 20.0% | 16.7% | -200.0% | 32.6% |
| Net profit | 0.16 | 1.43 | 1 | 1.76 | -0.14 | -4.96 | 3.89 | 1.85 | -1.79 | 0.50 | 0.49 | 2.05 |
| EPS ₹ | 0.64 | 5.72 | 4 | 3.03 | -0.17 | -5.99 | 4.70 | 2.23 | -2.16 | 0.47 | 0.32 | 1.32 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY25) comes from tax charged on a small or negative profit, as reported.
Earnings per share before FY16 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Surani Steel Tubes profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. Its costs were more than its sales. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 3.3% | 4.8% | 4.6% | 4.1% | 1.2% | -1.6% | 6.8% | 3.5% | 0.3% | 0.3% | 0.6% | -1.7% |
| Tax rate | 37.0% | 2.1% | 43.5% | 35.8% | 18.2% | 5.8% | 3.7% | 2.6% | 20.0% | 16.7% | -200.0% | 32.6% |
| ROCE | · | 18.9% | 18.2% | 16.9% | 2.2% | -6.7% | 15.1% | 8.9% | -1.0% | 0.9% | 0.1% | 2.2% |
| ROE | · | 42.9% | 22.9% | 22.4% | -0.8% | -23.3% | 18.7% | 7.8% | -7.6% | 0.9% | 0.5% | 1.7% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Surani Steel Tubes debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. It has almost no borrowings. Last year the business brought in more cash than it showed as profit. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Surani Steel Tubes balance sheet
At each 31 March · ₹ crore
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 2.50 | 2.50 | 2.50 | 5.80 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 10.63 | 15.55 | 15.55 |
| Reserves | 0.12 | 1.55 | 2.19 | 5.20 | 15.50 | 10.54 | 14.44 | 16.29 | 14.50 | 77.71 | 106.29 | 108.35 |
| Net worth | 2.62 | 4.05 | 4.69 | 11 | 23.78 | 18.82 | 22.72 | 24.57 | 22.78 | 88.34 | 121.84 | 123.90 |
| Borrowings | 10.50 | 12.27 | 13.38 | 15.35 | 17.32 | 19.66 | 18.20 | 14.95 | 11.33 | 42.36 | 34.57 | 0 |
| Other liabilities | 2.93 | 6.82 | 10.29 | 9.41 | 4.13 | 9.21 | 4.53 | 11.77 | 7.28 | 3.51 | 0.78 | 126.69 |
| Total liabilities | 16.05 | 23.14 | 28.36 | 35.76 | 45.23 | 47.69 | 45.45 | 51.29 | 41.39 | 134.21 | 157.19 | 250.59 |
| Fixed assets | 4.89 | 5.17 | 4.76 | 4.38 | 4.01 | 14.59 | 13.40 | 12.13 | 4.60 | 10.30 | 11.83 | 11.03 |
| Capital work in progress | 0.10 | 0 | 2.28 | 6.32 | 11.23 | 0 | 0 | 0 | 0 | 0.13 | 0.10 | 0.86 |
| Investments | 0.01 | 0.10 | 0.10 | 0.10 | 0.10 | 0.13 | 0.13 | 0.13 | 0.13 | 0 | 17.44 | 0 |
| Other assets | 11.05 | 17.87 | 21.22 | 24.96 | 29.89 | 32.97 | 31.92 | 39.03 | 36.66 | 123.78 | 127.82 | 238.70 |
| Receivables | · | · | · | · | · | · | · | · | · | · | 27.18 | 3 |
| Inventory | · | · | · | · | · | · | · | · | · | · | 31.77 | 143.38 |
| Cash | · | · | · | · | · | · | · | · | · | · | 4.47 | 17.54 |
| Trade payables | · | · | · | · | · | · | · | · | · | · | 0.36 | 125.12 |
Surani Steel Tubes cash flow
₹ crore
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2.46 | -0.04 | 2.44 | -0.68 | -8.33 | -0.43 | 2.40 | 4.78 | -1.65 | -56.80 | 8.88 | 12.61 |
| Cash from investing | -0.27 | -0.60 | -2.26 | -4.14 | -4.91 | -0.59 | -0.10 | 0.03 | 6.57 | -5.44 | -66.40 | 37.78 |
| Cash from financing | -1.87 | 0.45 | -0.25 | 4.75 | 13.31 | 1.03 | -2.32 | -4.85 | -4.64 | 95.99 | 25.19 | -34.57 |
| Net cash flow | 0.32 | -0.19 | -0.07 | -0.07 | 0.07 | 0.01 | -0.02 | -0.04 | 0.28 | 33.75 | -32.33 | 15.82 |
| Capital spending | · | · | · | · | · | · | · | · | · | · | 2.30 | 0.85 |
Working capital
Days
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 30 | 30 | 38 | 22 | 24 | 22 | 24 | 13 | 39 | 3 | 44 | 12 |
| Inventory days | 35 | 63 | 60 | 66 | 82 | 88 | 83 | 77 | 53 | 154 | 53 | 588 |
| Days payable | 14 | 32 | 44 | 30 | 14 | 31 | 12 | 17 | 17 | 6 | 1 | 513 |
| Cash conversion cycle | 51 | 61 | 54 | 58 | 93 | 79 | 95 | 72 | 76 | 151 | 96 | 87 |
| Working capital days | 18 | 23 | 15 | 13 | 48 | 26 | 40 | 34 | 52 | 103 | 142 | 375 |
Surani Steel Tubes peers and competitors
Listed SME companies in the same industryBy sales, Surani Steel Tubes is number 91 of the 156 listed SME companies in industrial products.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Jyoti Global Plast | 82 | 11.7 | 102 | 7 | 11.8% | 0.39 |
| B. D. Industries (Pune) | 166 | 16.6 | 101 | 10 | 18.0% | 0.25 |
| Neetu Yoshi | 931 | 37.3 | 98 | 25 | 31.0% | 0.03 |
| Wol 3D India | 88 | 13.3 | 97.7 | 6.7 | 9.0% | 0.28 |
| Metalic Technoforge | - | - | 96 | 12 | 23.0% | 0.94 |
| Narmadesh Brass Industries | 81 | 22.8 | 95.2 | 3.6 | 4.8% | 0.20 |
| Agarwal Toughened Glass India | 355 | 16.4 | 94.9 | 21.6 | 29.6% | 0.21 |
| Surani Steel Tubes | 232 | 113.0 | 92.3 | 2.1 | -1.7% | 0.00 |
| Deem Roll Tech | 37 | 17.3 | 90.9 | 2.2 | 7.7% | 0.40 |
| Storage Technologies and Automation | 37 | - | 85 | -3.3 | -0.7% | 0.36 |
| Shri Techtex | 145 | 7.5 | 84.1 | 19.3 | 27.6% | 0.02 |
| Median of the 10 others | 88 | 16.5 | 95.6 | 8.5 | 14.9% | 0.27 |
Surani Steel Tubes shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own less than half the company, a little less than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Surani Steel Tubes shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 38.40% | 31.02% | 30.84% | 30.84% | 30.84% | 30.84% | 30.84% | 30.84% |
| Foreign investors (FIIs) | - | 0.00% | - | - | 0.00% | - | 0.00% | 0.00% |
| Indian institutions (DIIs) | - | 0.00% | - | - | 0.00% | - | 0.00% | 0.00% |
| HNIs (over ₹2 lakh each) | - | 44.26% | 44.32% | 44.50% | 44.26% | 43.73% | 43.16% | 42.81% |
| Small holders (up to ₹2 lakh) | - | 11.14% | 11.23% | 11.29% | 11.49% | 11.83% | 11.89% | 11.07% |
| Companies and others | - | 13.58% | 13.61% | 13.37% | 13.41% | 13.60% | 14.11% | 15.28% |
| Number of shareholders | 1,208 | 1,247 | 1,243 | 1,239 | 1,230 | 1,232 | 1,217 | 1,152 |
The named holders are at 30 June 2026, beside 31 March 2026, each under the group the pattern files them in.
Surani Steel Tubes study: the business from its own documents
Read from 4 of the company's own documentsSurani Steel Tubes so far
From the company's own record
- 6 Feb 2019Listed on NSE Emerge
- 30 June 2026Promoters at 30.84%
- 4 March 2024Highest close since listing, ₹449.42
Surani Steel Tubes key facts from the filings
Each figure with the document it comes from
- FY26 revenue
- ₹92.3 cr
- Down 59.0% from ₹225.0 cr in FY25 as volumes fell; the second half was weaker than the first.Annual report FY26, p.10 and p.57; FY26 results filed with NSE, p.3; our arithmetic
- Tonnes sold
- 18,036 MT
- Pipes and coils sold in FY26, against 43,488 MT in FY25.Annual report FY26, p.7; annual report FY25, p.5
- Where FY26 profit came from
- ₹2.0 cr
- Profit after tax, with ₹3.5 cr of interest on loans given and a one-time ₹2.0 cr gain on selling mutual funds; without these the business made a loss.Annual report FY26, p.23 and p.72; our arithmetic
- Loans to other companies
- ₹40.4 cr
- All repayable on demand: Powersol Metalcraft ₹19.4 cr, Duddu Fin-Lease ₹14.6 cr and Infonity Infra ₹6.4 cr, a related party.Annual report FY26, p.51 and p.81
- Trading stock in transit
- ₹125.0 cr
- Stock bought for trading and still in transit at March 2026, against ₹125.1 cr owed to suppliers; total stock was ₹143.4 cr.Annual report FY26, p.56 and p.70
Show 5 more facts
- Advances to suppliers
- ₹28.2 cr
- Paid ahead to suppliers at March 2026, up from ₹0.06 cr a year earlier.Annual report FY26, p.72
- Plant capacity
- 40,000 MTPA
- Capacity of the Dahegam plant as stated in November 2023; the company then planned 3,00,000 MTPA by FY27.Investor presentation, November 2023, p.3 and p.9
- Borrowings
- Nil
- No bank debt at March 2026 after ₹34.6 cr of short term borrowings a year earlier were repaid.Annual report FY26, p.56 and p.58
- Warrants converted
- 72,64,036
- Warrants issued in July 2023 at ₹135 each to public investors, converted by January 2025; shares now number 1,55,48,036.Annual report FY26, p.26
- People
- 50
- Permanent employees and workers at March 2026, down from 78 a year earlier.Annual report FY26, p.24; annual report FY25, p.19
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company gives no order book or sales guidance. In the FY26 annual report the Managing Director says the priorities are better use of capacity, stronger sales and marketing, more customers, a better product mix and new markets, with strict control of working capital and inventory. In November 2023 the company said it planned to raise capacity from 40,000 to 3,00,000 tonnes a year by FY27, add galvanising and larger pipes, and grow FY24 revenue 10% to 15%; the FY26 annual report does not mention the capacity plan.
| What management said | When | What happened |
|---|---|---|
| Revenue growth of 10% to 15% in FY24 | Nov 2023 presentation | 25.5% (₹155.1 cr against ₹123.6 cr, our arithmetic) |
| Capacity of 3,00,000 MTPA by FY27, up from 40,000 MTPA | Nov 2023 presentation | Not reported; FY26 sales were 18,036 MT and capital work in progress was ₹0.9 cr |
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Surani Steel Tubes earns money by turning steel coil into pipes and tubes and selling them at a thin margin over the steel price, and lately also by lending money to other companies.
Its weak spots are a sharp fall in sales, operations that lost money last year, and large sums tied up in loans, supplier advances and trading stock.
WatchCan it set its own prices?No. Steel coil is most of the cost and its price moves the margin, and the company names strong competition as a threat.
WatchHow strong is it against rivals?It is a small single plant maker of standard pipes, and its volumes more than halved in the latest year.
AverageWho are its customers?Industrial, infrastructure and engineering users and dealers in India; the recent reports do not say how much the largest customers take.
WatchDoes it need a lot of money?The plant needs little money, but most of the company's funds sit in stock, supplier advances and loans to other companies rather than in the plant.
WatchCan it keep finding new work?Sales fell sharply in the latest year and the expansion planned in 2023 has not been reported as done; management says it is working to win back volumes.
WatchDo good and bad years swing a lot?Yes. Revenue rose by almost half in one year and fell by more than half the next, while operating margins stayed close to zero.
Who runs Surani Steel Tubes?
Promoters, directors and officers; tap a name for the background
VSVijay SinglaPromoter and Managing Director · holds 10.36%
Over 40 years in steel pipe manufacturing, operations and financial planning. Managing Director since July 2023, re-appointed for three years from 20 July 2026, with pay of ₹12 lakh in FY26. The FY25 annual report states that Vijay Singla is the uncle of Chetan Singla and the father in law of Pavni Singla, and lists directorships in Mirage Infra Limited and Evall Mobility Limited.
Annual report FY26, p.18, p.65 and p.77; annual report FY25, p.116CSChetan SinglaPromoter and Joint Managing Director · holds 10.24%
Bachelor of Business Studies (Honours) from Lancaster University, UK, with over 15 years in iron and steel, steel and galvanised pipes and real estate, covering strategy, sales and business development. On the board since 3 May 2023 and draws no pay. Also a director of Mirage Infra Limited, Fairmount Infratech Private Limited and Infonity Infra Private Limited, to which the company has lent ₹6.4 cr.
Annual report FY26, p.18, p.65, p.77, p.81 and p.127SRSantosh RaniPromoter · holds 10.24%
Listed as a promoter holding 15,92,000 shares; not on the board. The documents read give no other background.
Annual report FY26, p.65PSPavni SinglaWhole-Time Director and Chief Financial Officer
Master's degree in Management from HEC Paris and a bachelor's degree in Economics and Finance; earlier a Senior Financial Consultant at A.T. Kearney. Pay of ₹12 lakh in FY26.
Annual report FY26, p.18 and p.77GSGurpreet Singh BhatiaIndependent Director
Commerce graduate from Khalsa College, Amritsar, and a chartered accountant since 2003; 11 years as Assistant Vice President at HDFC Bank, now a partner at Preet Kamal & Co. in forensic and concurrent auditing.
Annual report FY26, p.19KGKailash GargIndependent Director
Bachelor of Engineering (Civil) from Thapar Institute of Engineering and Technology, Patiala, with nearly 40 years in civil engineering, including 29 years as Sub-Divisional and Executive Engineer with Chandigarh Administration.
Annual report FY26, p.19SKSarika KaurCompany Secretary (from 7 January 2026)
The third company secretary in FY26: Mohinder Singh left on 2 August 2025 and Ankit Singla served from 18 November 2025 to 6 January 2026.
Annual report FY26, p.76; exchange announcement, 6 Jan 2026Surani Steel Tubes latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹41.3 cr (-64%), net profit ₹0.2 cr (-) on H2 FY25.
- Shareholding, 30 June 2026: promoters unchanged at 30.84%.
Surani Steel Tubes announcements
45 on record, latest first; each opens the filing on the exchange
- Copy of Newspaper PublicationOf Notice of Extra-Ordinary General Meeting and e-voting informationPDF ↗
- Shareholders meetingNotice of Extraordinary General Meeting to be held on October 30, 2026PDF ↗
- Outcome of Board MeetingHeld on October 07, 2026PDF ↗
- Outcome of Board MeetingHeld on October 07, 2026PDF ↗
- Updates'H1FY27 Business Performance Update'PDF ↗
- Outcome of Board MeetingHeld on September 30, 2026PDF ↗
- Outcome of Board MeetingHeld on September 30, 2026PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 24, 2026PDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 24, 2026PDF ↗
- Copy of Newspaper PublicationCopy of Newspaper PublicationPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 24, 2026PDF ↗
Surani Steel Tubes annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- 30 Nov 2023 ↗read
Surani Steel Tubes share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Surani Steel Tubes' data · 10
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- !For FY25, FY26 the exchange filing's profit lines do not add up as read, so the figures shown are from the results page instead.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,55,48,036 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY15 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Surani Steel Tubes
What does Surani Steel Tubes do?
Surani Steel Tubes makes welded steel pipes and tubes at a plant in Gujarat for builders, factories and infrastructure work across India, and also trades pipes. Its shares trade on NSE Emerge.
What is the share price of Surani Steel Tubes?
₹149 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Surani Steel Tubes?
₹232 cr at the close on 6 Nov 2026, on 1,55,48,036 shares.
What is the P/E of Surani Steel Tubes?
113.0 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Surani Steel Tubes' revenue and profit?
Revenue ₹92 cr and profit after tax ₹2 cr in FY26.
Who are the promoters of Surani Steel Tubes?
Vijay Singla, Chetan Singla, Santosh Rani; promoters held 30.84% at 30 June 2026.
What is Surani Steel Tubes' website?
www.suranisteel.com
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Built from 2 annual reports, 1 result filing, 1 investor presentation, 45 exchange announcements, 8 shareholding patterns and 12 years of reported results. Every figure carries its source; where the documents are silent, the page says so.