TipHub

28.11

+1.33 +4.97%

29 Jul 2026

BSE Listed

GSM · GSM 2
What does GSM · GSM 2 mean?
BSE · Graded Surveillance Measure (GSM 2)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).Exchange notice · 2026-06-05

Tamilnadu Steel Tubes Ltd. (513540)

Volume: 200Avg Vol 1W: 120Avg Vol 1M: 58252W Range:16.3245.71
Market Cap₹14 Cr
Current Price₹28.11
Previous Close₹26.78
High / Low (52w)₹45.71 / ₹16.32
Volume200
Avg Vol (1W)120
Avg Vol (1M)582
Stock P/E255.55
Book Value₹19.35
Dividend Yield0%
ROE58.02%
ROA15.94%
Revenue (TTM)
Revenue Growth
Profit Margin6.53%
Total Debt
Shares Outstanding1 Cr
Face Value
EPS (TTM)₹0.11
P/B1.45
Debt / Equity0.79
50 DMA₹22.6
200 DMA₹23.46
Day change+4.97%
SurveillanceGSM · GSM 2
Price Chart
28.11 72.24% · 1Y
461615K
2025-07-30
2026-07-29

20-day avg volume: 280 shares

Pros
  • Healthy return on equity of 58.0%.
  • Company is almost debt-free.
Cons
  • Stock trades at a high P/E of 256.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹21 Cr₹16 Cr₹16 Cr₹20 Cr₹25 Cr₹22 Cr₹19 Cr₹26 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹91 Cr₹81 Cr₹51 Cr₹52 Cr₹77 Cr₹93 Cr₹72 Cr₹74 Cr
EBITDA₹2 Cr₹1 Cr₹-2 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Net Profit₹1 Cr₹0 Cr₹-2 Cr₹-1 Cr₹1 Cr₹1 Cr₹0 Cr₹0 Cr
EPS1.360.18-4.8-1.331.021.10.550.19
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹34 Cr₹31 Cr₹26 Cr₹25 Cr₹29 Cr₹33 Cr₹32 Cr₹37 Cr
Total Liabilities₹22 Cr₹19 Cr₹17 Cr₹16 Cr₹21 Cr₹23 Cr₹22 Cr₹27 Cr
Equity₹11 Cr₹11 Cr₹9 Cr₹8 Cr₹9 Cr₹9 Cr₹9 Cr₹10 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹1 Cr₹-4 Cr₹-2 Cr₹1 Cr₹0 Cr
Investing₹-11 Cr₹-1 Cr₹0 Cr₹0 Cr₹-1 Cr
Financing₹9 Cr₹4 Cr₹2 Cr₹-1 Cr₹2 Cr
Free Cash Flow₹1 Cr₹-4 Cr₹-2 Cr₹1 Cr₹0 Cr
Shareholding
Promoter 13.61% Institutions 1.38% Public 85.01%
Efficiency & Working Capital
ROCE3%
Interest Coverage1.2
Dividend Payout
Debtor Days68 d
Inventory Days83 d
Payable Days16 d
Cash Conversion Cycle136 d
Working Capital Days152 d
Shareholding Details

As of 2026-06-30

Promoter13.6%
FII0%
DII1.4%
Institutions1.4%
Public85%
Promoter Pledge0%
No. of Shareholders13,490
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters13.6%13.6%13.6%13.6%13.6%13.6%13.6%13.6%13.6%13.6%13.6%13.6%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs1.4%1.4%1.4%1.4%1.4%1.4%1.4%1.4%1.4%1.4%1.4%1.4%
Public85%85%85%85%85%85%85%85%85%85%85%85%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders13,81213,79413,76113,73813,70213,66913,64413,62413,59413,53213,52413,490
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Kareetam Traders LtdPublic Shareholding19.6%10,05,000
Saatvik GoyalPublic Shareholding12.5%6,40,600
Seema GoyalShareholding of Promoter and Promoter Group4.9%2,51,560
Rakesh Goyal HufShareholding of Promoter and Promoter Group3.7%1,91,010
Rakesh GoyalShareholding of Promoter and Promoter Group3.2%1,62,740
Durga Devi GoyalPublic Shareholding1.8%93,500
P R Shankar Huf .Public Shareholding1.3%68,900
Sukhvinder SinghShareholding of Promoter and Promoter Group0.4%20,000
SawarmalShareholding of Promoter and Promoter Group0.4%20,000
Vivek Kumar KajariaShareholding of Promoter and Promoter Group0.2%8,400
Kavita KajariaShareholding of Promoter and Promoter Group0.2%7,700
Puran KhemkaShareholding of Promoter and Promoter Group0.1%7,000
Sanjay Kumar AgarwalShareholding of Promoter and Promoter Group0.1%6,000
Nirmala Devi KhemkaShareholding of Promoter and Promoter Group0.1%5,000
Anita AgarwalShareholding of Promoter and Promoter Group0.1%4,000
Asha Rani KajariaShareholding of Promoter and Promoter Group0.1%4,000
Dikcha Devi AgarwalShareholding of Promoter and Promoter Group0.1%4,000
Mangalchand KhemkaShareholding of Promoter and Promoter Group0.1%3,000
Sheo Kumar KajariaShareholding of Promoter and Promoter Group0.1%3,100
Board of Directors
NameDesignationYear
Bivashwa DasExecutive Director / WTD / Managing Director2025
N SudharsanE D & Wholetime Director2025
M IndumathiIndependent Non Exe. Director2025
Ram Ashish SinghE D & Wholetime Director2025
Rajesh Sai IyerIndependent Non Exe. Director2025
Priya KrishnaIndependent Non Exe. Director2025
Cma Divya AbhishekIndependent Non Exe. Director2025
Krishnan Kamal ShuklaE D & Wholetime Director2025
K SureshCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹101155
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000000
2025000000
2025000000
Company Information
Incorporated1979
AuditorDPV & Associates
🌐 www.tamilnadusteeltubesltd.com

📍 Mercury Apartments No 65, 1st Floor Pantheon Road Egmore, Chennai, Tamil Nadu, 600008

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