Tamilnadu Steel Tubes Ltd (513540)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Tamilnadu Steel's revenue was ₹21.4 Cr (-14.9% year on year, -16.8% on the previous quarter), and net profit ₹0.0 Cr (-59.4% year on year); the operating margin was 1.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹21.4 | -14.9% | -16.8% |
| Operating profit | ₹0.4 | +28.6% | -5.9% |
| Net profit | ₹0.0 | -59.4% | from loss |
| EPS (₹) | 0.04 | -60.0% | from loss |
| Operating margin | 1.8% | — | — |
📢 Recent Corporate Announcements
Tamilnadu Steel Tubes Ltd has submitted its Integrated Annual Report for FY25-26 under Regulation 34 of SEBI (LODR) Regulations, 2015. The company's 47th Annual General Meeting (AGM) is scheduled to be held on September 16, 2026, via a digital platform. For context, the company reported FY26 annual revenue of Rs 91.86 Cr and a PAT of Rs 0.06 Cr against a market capitalization of Rs 14 Cr. The filing is an administrative annual compliance submission.
- Annual Report for FY2025-26 submitted under Regulation 34 of SEBI LODR Regulations
- 47th Annual General Meeting scheduled for September 16, 2026 (Wednesday)
- Report outlines statutory disclosures including auditor reports from DPV & Associates
- CSR provisions under Section 135 confirmed as not applicable for the reporting period
Tamilnadu Steel Tubes Ltd has announced its 47th Annual General Meeting (AGM) scheduled for September 16, 2026, at 10:00 AM via video conference. The company's Register of Members and Share Transfer Books will be closed from September 10, 2026, to September 16, 2026 (both days inclusive). The cut-off date for determining shareholder eligibility for e-voting is September 9, 2026. Remote e-voting opens on September 13, 2026 (10:00 AM) and ends on September 15, 2026 (5:00 PM).
- 47th AGM scheduled for September 16, 2026, at 10:00 AM via video conference
- Share transfer books closed from September 10, 2026, to September 16, 2026
- Cut-off date for e-voting eligibility set as September 9, 2026
- Remote e-voting period runs from September 13, 2026 (10:00 AM) to September 15, 2026 (5:00 PM)
Tamilnadu Steel Tubes reported Q1 FY27 standalone revenue of ₹21.36 Cr, down 14.9% YoY from ₹25.09 Cr in Q1 FY26 and down 16.8% QoQ. Net profit stood at ₹2.03 lakh, recovering from a net loss of ₹3.69 lakh in Q4 FY26 but down 59.2% YoY from ₹4.98 lakh. Operating margins remain ultra-thin with raw material consumption taking up ~95.6% of total revenue. Diluted EPS for the quarter was ₹0.04 compared to ₹0.10 in the year-ago period.
- Revenue from operations decreased 14.87% YoY to ₹2,135.61 lakh from ₹2,508.60 lakh in Q1 FY26.
- Net profit stood at ₹2.03 lakh, reversing from a loss of ₹3.69 lakh in the preceding quarter.
- Raw material costs remained elevated at ₹2,041.14 lakh, consuming 95.58% of operational revenue.
- Basic and diluted EPS stood at ₹0.04 vs ₹0.10 in Q1 FY26 and ₹(0.07) in Q4 FY26.
Tamilnadu Steel Tubes reported Q1 FY27 revenue of Rs 25.14 Cr, maintaining steady operations. The board approved an increase in the company's working capital (OD) facility by Rs 3 Cr, bringing the total limit to Rs 16 Cr, which exceeds the company's current market capitalization of Rs 14 Cr. Key governance disclosures include a GST show cause notice for FY23 and FY24, and the approval of royalty payments to a major shareholder (>10% stake). The company is also exploring solar power implementation and has increased its D&O insurance limit to Rs 16 Cr.
- Increase in bank OD facility by Rs 3 Cr, bringing the total limit to Rs 16 Cr
- Reported Q1 FY27 revenue of Rs 25.14 Cr, approximately 28.5% of TTM revenue
- Receipt of GST show cause notice for the tax periods 2022-23 and 2023-24
- Approval of royalty payments to Mr. Saatvik Goyal, a shareholder with over 10% stake
- Transfer of a 6.5-acre factory land lease to a legal heir of the Goyal family
Tamilnadu Steel Tubes Ltd has scheduled a board meeting for August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap entity with a market capitalization of just ₹13 crore and operates on very thin margins, reporting a net profit of only ₹0.06 crore for FY26. Investors should note the high debt-to-equity ratio of 1.04 and the relatively low promoter holding of 13.61%. The upcoming results will be crucial to see if the company can improve its operating profit margin, which was 1.45% in the previous fiscal year.
- Board meeting scheduled for August 14, 2026, to approve Q1 results
- Financial results pertain to the quarter ended June 30, 2026
- Company reported a marginal net profit of ₹0.06 crore for the full year FY26
- Promoter holding is low at 13.61% as of June 2026
- Operating profit margin remains thin at 1.45% for FY26
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