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Surani Steel Tubes
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Surani Steel Tubes Limited was originally incorporated as a private limited company with the name 'Surani Steel Private Limited' on July 31, 2012. Further, in order to align with the business of the Company, the name of the Company was changed to 'Surani Steel Tubes Private Limited' on August 13, 2018. Subsequently, the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extraordinary General Meeting of the Company held on August 29, 2018 and the name of the Company was changed to Surani Steel Tubes Limited on September 12, 2018.
Mukesh Patel and Dinesh Patel were the initial subscribers to the Company. The Current Promoters of the Company are Mukesh Patel, Dinesh Patel, Karshan Patel, Prakash Patel, Mani Patel, Prakash Karsanbkai Patel HUF and Karsanbhai Devjibhai Patel HUF.
Surani Steel, the venture of Vinayak Group, is engaged in the business of manufacturing of Electric Resistance Welding Mild Steel ('ERW MS') Pipes (round pipes, square and rectangular hollow Sections) in various specifications, sizes ranging from 20NB to 100NB and also in the trading of Hot Rolled Coil ('HR Coil') and HR slit coils. These Products have wide applications in varied industries like Architectural, Infrastructural, Industrial and Engineering Industry.
The Company is an ISO 9001: 2015 certified company for manufacturing and Supply of ERW pipes. It has also been granted the IS 4923:1997 and IS 1161:2014 Quality Standard License from Bureau of Indian Standards. The company strives to provide diversified range of products, manufactured at their plant located at Dahegam, Gandhinagar in Gujarat on approximately 8,300 square meter of land having an installed capacity of 25,000 MT p.a. for the financial year 2017-18.The Company has set up a new manufacturing facility to manufacture ERW MS Pipes (round pipes, square and rectangular hollow Sections) in various specifications, sizes ranging from 100NB to 300NB.
Surani Steel Tubes share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Surani Steel Tubes indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Surani Steel Tubes is valued compared to its competitors.
Surani Steel Tubes PE ratio helps investors understand what is the market value of each stock compared to Surani Steel Tubes 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Surani Steel Tubes evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Surani Steel Tubes generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Surani Steel Tubes in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Surani Steel Tubes shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Surani Steel Tubes compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Surani Steel Tubes over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Surani Steel Tubes helps investors get an insight into when they can enter or exit the stock. Key components of Surani Steel Tubes Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Surani Steel Tubes shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Surani Steel Tubes ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Surani Steel Tubes provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Surani Steel Tubes highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Surani Steel Tubes .
The balance sheet presents a snapshot of Surani Steel Tubes ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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