Shree Marutinandan
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Shree Marutinandan Tubes secured a ₹1.10 crore work order from GS PEB & Civil Works for supplying and installing sanitary fixtures at Auric Bidkin in Chhatrapati Sambhajinagar, Maharashtra. The contract was scheduled for completion within 1.5 months from commencement, with an 18-month defect-liability period, 10% advance against a bank guarantee and 10% retention.
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Shree Marutinandan Tubes secured a ₹1.10 crore work order from GS PEB & Civil Works for supplying and installing sanitary fixtures at Auric Bidkin in Chhatrapati Sambhajinagar, Maharashtra. The contract was scheduled for completion within 1.5 months from commencement, with an 18-month defect-liability period, 10% advance against a bank guarantee and 10% retention.
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Shree Marutinandan Tubes received a ₹25.95 lakh purchase order from S M Techno Consultants for IT and networking equipment for an HP server set-up at Maharana Pratap Airport in Udaipur, Rajasthan. The order included network switches, servers, racks, workstations and related equipment, and was due to be supplied within one month on 30-day payment terms.
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Shree Marutinandan Tubes received a ₹25.95 lakh purchase order from S M Techno Consultants for IT and networking equipment for an HP server set-up at Maharana Pratap Airport in Udaipur, Rajasthan. The order included network switches, servers, racks, workstations and related equipment, and was due to be supplied within one month on 30-day payment terms.
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Shree Marutinandan Tubes has secured a ₹76 lakh work order from Mehta & Associates Fire Protection Systems Pvt Ltd for fire fighting installations at a POWERGRID Kurnool Transmission project in Andhra Pradesh. The scope includes design, supply, erection and commissioning of a hydrant system, fire detection & alarm system and high-velocity water spray system, with delivery scheduled for December 30, 2026.
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Shree Marutinandan Tubes has secured a ₹76 lakh work order from Mehta & Associates Fire Protection Systems Pvt Ltd for fire fighting installations at a POWERGRID Kurnool Transmission project in Andhra Pradesh. The scope includes design, supply, erection and commissioning of a hydrant system, fire detection & alarm system and high-velocity water spray system, with delivery scheduled for December 30, 2026.
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Shree Marutinandan Tubes has secured a ₹2.24 crore work order from Value Fashion Retail, an Arvind group company, for plumbing, compressed air, steam and condensate piping work at an Arvind site. The order was awarded on June 22, 2026, with a delivery date of July 23, 2026, followed by a six-month warranty and a 12-month defect liability period. Payment terms include 95% within 30 days and 5% retention until the defect liability period ends. The order is in the ordinary course of business and is not a related party transaction.
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Shree Marutinandan Tubes has secured a ₹2.24 crore work order from Value Fashion Retail, an Arvind group company, for plumbing, compressed air, steam and condensate piping work at an Arvind site. The order was awarded on June 22, 2026, with a delivery date of July 23, 2026, followed by a six-month warranty and a 12-month defect liability period. Payment terms include 95% within 30 days and 5% retention until the defect liability period ends. The order is in the ordinary course of business and is not a related party transaction.
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Shree Marutinandan Tubes has secured a ₹42.5 lakh work order from Acline Projects for fire fighting work on a back-to-back basis. The order is part of a larger EPC project for critical care blocks in Jammu and Kashmir. The project will be executed over six months, followed by a 24-month defect liability period. The order, awarded on June 9, 2026, is in the ordinary course of business and is not a related party transaction.
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Shree Marutinandan Tubes has secured a ₹42.5 lakh work order from Acline Projects for fire fighting work on a back-to-back basis. The order is part of a larger EPC project for critical care blocks in Jammu and Kashmir. The project will be executed over six months, followed by a 24-month defect liability period. The order, awarded on June 9, 2026, is in the ordinary course of business and is not a related party transaction.
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June 10 (Reuters) - Shree Marutinandan Tubes ltd SREB.BO:
SHREE MARUTINANDAN TUBES - AWARDED FIRE FIGHTING WORK ORDER VALUED AT 4.3 MILLION RUPEES
Source text: ID:nBSE6PzQnT
Further company coverage: SREB.BO
(([email protected];))
June 10 (Reuters) - Shree Marutinandan Tubes ltd SREB.BO:
SHREE MARUTINANDAN TUBES - AWARDED FIRE FIGHTING WORK ORDER VALUED AT 4.3 MILLION RUPEES
Source text: ID:nBSE6PzQnT
Further company coverage: SREB.BO
(([email protected];))
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Popular questions
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What does Shree Marutinandan do?
Shree Marutinandan Tubes is engaged in the business of trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (Round pipes, Square and Rectangular hollow sections) in various specifications and also in trading of Black Pipes and Solar Structural Pipes. Its products have wide application in varied industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.
Who are the competitors of Shree Marutinandan?
Shree Marutinandan major competitors are Manglam Global Corp., Goblin India, Piotex Industries, Mono Pharmacare, Golden Bull Research, AVI Products India, PALM Jewels. Market Cap of Shree Marutinandan is ₹16 Crs. While the median market cap of its peers are ₹16 Crs.
Is Shree Marutinandan financially stable compared to its competitors?
Shree Marutinandan seems to be less financially stable compared to its competitors. Altman Z score of Shree Marutinandan is 3.71 and is ranked 6 out of its 8 competitors.
Does Shree Marutinandan pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Shree Marutinandan latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Shree Marutinandan allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory, Short Term Loans & Advances
How strong is Shree Marutinandan balance sheet?
Balance sheet of Shree Marutinandan is strong. But short term working capital might become an issue for this company.
Is the profitablity of Shree Marutinandan improving?
Yes, profit is increasing. The profit of Shree Marutinandan is ₹3.58 Crs for TTM, ₹2.8 Crs for Mar 2025 and ₹2.63 Crs for Mar 2024.
Is the debt of Shree Marutinandan increasing or decreasing?
The net debt of Shree Marutinandan is decreasing. Latest net debt of Shree Marutinandan is ₹1.94 Crs as of Mar-26. This is less than Mar-25 when it was ₹6.74 Crs.
Is Shree Marutinandan stock expensive?
Shree Marutinandan is not expensive. Latest PE of Shree Marutinandan is 4.45, while 3 year average PE is 22.34. Also latest EV/EBITDA of Shree Marutinandan is 1.86 while 3yr average is 13.01.
Has the share price of Shree Marutinandan grown faster than its competition?
Shree Marutinandan has given lower returns compared to its competitors. Shree Marutinandan has grown at ~-56.29% over the last 2yrs while peers have grown at a median rate of -17.76%
Is the promoter bullish about Shree Marutinandan?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Shree Marutinandan is 58.3% and last quarter promoter holding is 58.3%.
Are mutual funds buying/selling Shree Marutinandan?
There is Insufficient data to gauge this.