Surani Steel Tubes LimitedSURANICorporate

Steel - Medium / Small Latest results: Mar 2026 2 quarters of data

₹132.70

MCap ₹206 Cr

Surani Steel Tubes Limited — Stock analysis & AI research Surani Steel Tubes Limited — Seasonality — best & worst months Surani Steel Tubes Limited — Live exchange announcements

🏭 Metal sector

AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹41 Cr

Sales · Mar 2026

-63.8% YoY

₹-1 Cr

Operating Profit · Mar 2026

-256.4% YoY

-2.1%

OPM % · Mar 2026

-520.0% YoY

₹-0 Cr

Net Profit · Mar 2026

+89.9% YoY

₹-0.05

EPS · Mar 2026

+88.6% YoY

📝 Surani Steel Tubes Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Surani Steel Tubes Limited reported revenue of ₹41 crore for the quarter ended March 2026 (Q4 FY26), down 63.8% from ₹114 crore in the same quarter last year.

The company reported a net loss of ₹0 crore, against a net loss of ₹1 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-0.05.

Operating profit stood at ₹-1 crore — an operating margin (OPM) of -2.1%, compared with 0.5% in the year-ago quarter.

Valuation snapshot

At the current price of ₹132.70, SURANI has a market capitalisation of ₹206 crore.

Within the Steel - Medium / Small industry, it is the 25th-largest of the 56 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 30.84%, public shareholders 69.16% of Surani Steel Tubes Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹206 Cr

Current Price ?

₹132.7

P/E ?

N/A

Industry P/E ?

20.50

P/B ?

1.67

P/S ?

N/A

P/FCF ?

17.56

Enterprise Value ?

₹206 Cr

EV/EBITDA ?

N/A

PEG ?

N/A

Earnings Yield ?

N/A

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

N/A

OPM ?

N/A

Profit after tax (TTM) ?

N/A

EPS (TTM) ?

N/A

ROCE ?

0.8%

ROE ?

N/A

ROA ?

N/A

Growth

Sales — latest qtr ?

₹41 Cr

PAT — latest qtr ?

₹-0 Cr

YoY qtr sales growth ?

-63.8%

YoY qtr profit growth ?

89.9%

Sales growth (3y) ?

-9%

Sales growth (5y) ?

-3%

Profit growth (3y) ?

34%

Profit growth (5y) ?

-28%

Financial Health

Debt ?

₹0 Cr

Debt to Equity ?

0.00

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

30.84%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

31.8%

Return 6 months ?

4.5%

🗓️ Quarterly results (2 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2025	Mar 2026	YoY %	QoQ %
Sales	114	41	-63.8%	—
Operating Profit	1	-1	-256.4%	—
Other Income	-1	2	+234.4%	—
Interest	0	-0	-300.0%	—
Depreciation	0	0	-4.3%	—
Profit Before Tax	-1	0	+133.0%	—
Net Profit	-1	-0	+89.9%	—
EPS	-0.44	-0.05	+88.6%	—
OPM %	0.5%	-2.1%	-520.0%	—

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	8.28	10.63	15.55	15.55	+0.0%
Reserves	14.50	77.71	106.29	108.33	+1.9%
Borrowings	11.33	42.36	34.57	0.00	-100.0%
Other Liabilities	7.28	3.51	0.77	126.70	+16354.5%
Total Liabilities	41.39	134.21	157.18	250.58	+59.4%
Fixed Assets	4.60	10.30	11.83	11.03	-6.8%
CWIP	0.00	0.13	0.10	0.86	+760.0%
Investments	0.13	0.00	17.55	0.11	-99.4%
Other Assets	36.66	123.78	127.70	238.58	+86.8%
Total Assets	41.39	134.21	157.18	250.58	+59.4%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-1.65	-56.80	8.87	12.60	+42.1%
Cash from Investing Activity	6.57	-5.44	-66.51	37.78	+156.8%
Cash from Financing Activity	-4.64	95.99	25.19	-34.57	-237.2%
Net Cash Flow	0.28	33.76	-32.45	15.80	+148.7%
Free Cash Flow	5.29	-63.12	6.57	11.75	+78.8%
CFO/OP	-471%	-14,125%	666%	-815%	-222.4%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	39.28	3.06	44.09	11.87	-73.1%
Inventory Days	52.94	153.59	52.71	587.89	+1015.3%
Days Payable	16.69	5.53	0.60	513.02	+85403.3%
Cash Conversion Cycle	75.53	151.12	96.20	86.74	-9.8%
Working Capital Days	52.48	102.53	142.30	375.44	+163.8%
ROCE %	-1.36%	0.86%	1.91%	0.76%	-60.2%

👥 Shareholding (latest 4 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	% Chg
Promoters	30.84%	30.84%	30.84%	30.84%	+0.0%
Public	69.16%	69.16%	69.16%	69.16%	+0.0%
No. of Shareholders	1,239	1,230	1,232	1,217	-1.2%

⚖️ Peer comparison

Industry: Steel - Medium / Small · top 25 of 56 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	NSLNISP NMDC Steel	₹42.65	12,499	135.8	13,939	84	10.8%	0.6%	60.4%	102.5%	8.8%	94.3%
2	MAHSEAMLES Maharashtra Seamless	₹713.65	9,563	13.0	4,620	737	15.0%	16.0%	-12.0%	-9.8%	-4.7%	15.7%
3	SUNFLAG Sunflag Iron	₹443.60	7,995	38.8	3,995	206	11.9%	5.1%	11.4%	25.0%	5.5%	4.8%
4	AEROFLEX Aeroflex Industries	₹565.00	7,477	109.5	503	67	23.4%	13.4%	17.3%	5.6%	73.1%	168.5%
5	TIIL Technocraft Industries	₹3,180.20	7,210	21.2	2,931	349	18.2%	11.9%	6.3%	11.6%	27.2%	67.3%
6	MANINDS Man Industries	₹865.65	6,493	31.5	3,875	204	13.7%	5.3%	1.7%	11.4%	41.9%	122.4%
7	GOODLUCK Goodluck India	₹526.15	5,247	8.7	4,404	210	10.0%	4.8%	4.2%	10.1%	30.9%	67.4%
8	BANSALWIRE Bansal Wire	₹308.10	4,823	9.0	4,388	531	8.5%	12.1%	18.6%	276.0%	24.4%	-47.9%
9	DEEDEV DEE Development	₹634.65	4,775	54.6	1,213	81	16.9%	6.6%	38.1%	78.8%	31.6%	22.4%
10	KSL Kalyani Steels	₹957.20	4,189	15.8	1,867	264	19.7%	14.2%	-6.9%	0.6%	4.9%	10.6%
11	VENUSPIPES Venus Pipes	₹1,962.30	4,065	39.1	1,211	104	16.3%	8.6%	21.7%	9.2%	16.1%	5.6%
12	VSSL Vardhman Special	₹398.45	3,852	26.9	1,807	144	10.6%	8.0%	-0.5%	31.9%	12.0%	105.9%
13	JTLIND JTL INDUSTRIES	₹87.38	3,435	28.8	2,314	122	8.2%	5.3%	11.5%	4.4%	32.7%	113.7%
14	RATNAVEER Ratnaveer Precision	₹343.70	2,885	42.6	1,119	67	18.2%	6.0%	19.8%	36.2%	18.9%	20.0%
15	INTERARCH Interarch Building	₹1,700.60	2,860	20.7	1,639	139	11.5%	8.5%	7.3%	28.6%	20.6%	0.9%
16	PENIND Pennar Industries	₹187.68	2,533	17.8	3,645	142	12.4%	3.9%	12.2%	15.7%	2.9%	10.7%
17	RAJRATAN Rajratan Global	₹457.40	2,322	29.1	1,228	80	12.3%	6.5%	23.8%	21.2%	28.9%	64.0%
18	PRAKASH Prakash Industries	₹117.24	2,100	6.7	3,474	313	15.0%	9.0%	-13.3%	-6.2%	-0.5%	-21.7%
19	MSPL MSP Steel	₹33.33	1,889	49.7	2,958	38	6.2%	1.3%	-2.1%	217.0%	16.2%	22.1%
20	MAHASTEEL Mahamaya Steel	₹1,115.00	1,832	183.1	943	10	2.6%	1.1%	10.1%	26.3%	29.3%	22.6%
21	HITECH Hi-Tech Pipes	₹75.00	1,520	20.3	4,821	75	3.8%	1.6%	36.9%	4.2%	78.5%	-4.2%
22	MANAKCOAT Manaksia Coated	₹130.80	1,395	32.3	897	41	9.4%	4.5%	13.2%	164.5%	4.9%	0.7%
23	STEELXIND STEEL EXCHANGE	₹10.36	1,321	40.3	1,029	31	13.0%	3.1%	-7.4%	2.6%	-10.1%	46.9%
24	MWL Mangalam Worldwide	₹42.77	1,270	22.9	1,292	55	9.5%	4.2%	13.9%	72.1%	13.7%	25.6%
25	SURANI Surani Steel	₹326.85	508	—	—	—	—	—	—	—	—	—

❓ Frequently asked questions

What was Surani Steel Tubes Limited's revenue in Q4 FY26?