Surani Steel Tubes
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Surani Steel Tubes’ board increased its proposed preferential issue of fully convertible warrants to up to ₹99.96 crore from ₹85 crore, approving 98 lakh warrants at ₹102 each, subject to shareholder and regulatory approvals. Himani Steels Private Limited, a promoter-group entity, was allocated 62.03 lakh warrants, while public-category allottees were allocated 35.97 lakh. On full conversion, paid-up shares would rise from 1.5548 crore to 2.5348 crore, with promoter-group ownership moving from 30.84% to 43.39%. The board also approved raising authorised share capital from ₹25 crore to ₹26 crore, subject to shareholder approval. Surani Steel Tubes reported operating revenue of ₹225 crore and profit after tax of ₹48.56 lakh in the year to March 2025.
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Surani Steel Tubes’ board increased its proposed preferential issue of fully convertible warrants to up to ₹99.96 crore from ₹85 crore, approving 98 lakh warrants at ₹102 each, subject to shareholder and regulatory approvals. Himani Steels Private Limited, a promoter-group entity, was allocated 62.03 lakh warrants, while public-category allottees were allocated 35.97 lakh. On full conversion, paid-up shares would rise from 1.5548 crore to 2.5348 crore, with promoter-group ownership moving from 30.84% to 43.39%. The board also approved raising authorised share capital from ₹25 crore to ₹26 crore, subject to shareholder approval. Surani Steel Tubes reported operating revenue of ₹225 crore and profit after tax of ₹48.56 lakh in the year to March 2025.
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Surani Steel Tubes reported sales volume of 53,631 MT for the half year ended September 2026, up 446.5% from 9,815 MT a year earlier. The half-year volume surpassed the 18,036 MT sold across the whole of FY26, marking the highest half-yearly sales on record. The company manufactured electric resistance welded mild-steel pipes and traded mild-steel pipes in India, with an installed base of about 40,000 tonnes per annum. Its filed product mix also spanned slit coils and strips alongside value-added pipe solutions such as low-pressure water and gas pipes. Operating revenue was ₹225.0 crore in FY25, while net profit was about ₹49 lakh.
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Surani Steel Tubes reported sales volume of 53,631 MT for the half year ended September 2026, up 446.5% from 9,815 MT a year earlier. The half-year volume surpassed the 18,036 MT sold across the whole of FY26, marking the highest half-yearly sales on record. The company manufactured electric resistance welded mild-steel pipes and traded mild-steel pipes in India, with an installed base of about 40,000 tonnes per annum. Its filed product mix also spanned slit coils and strips alongside value-added pipe solutions such as low-pressure water and gas pipes. Operating revenue was ₹225.0 crore in FY25, while net profit was about ₹49 lakh.
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Surani Steel Tubes approved raising up to ₹85 crore through fully convertible warrants on a preferential basis at ₹102 per share of ₹10 face value. The board also approved changing the company name to Singlon Limited with consequential changes to its memorandum and articles, subject to shareholder and regulatory approvals, and called an extraordinary general meeting for 30 October 2026 via video conferencing to approve the proposals. The company had fully converted a 72.64 lakh warrant issue priced at ₹135 in January 2025, taking paid-up shares to 1.55 crore. Operating revenue was ₹225 crore in the year to March 2025, with manufacture of electric resistance welded mild steel pipes as the single reported segment. Its installed base was about 40,000 tonnes per annum, with a phased expansion to 300,000 tonnes per annum including a galvanising plant targeted for 2027. Loans to others were ₹56.05 crore and trade receivables were ₹27.18 crore at the end of March 2025, against cash of ₹4.36 crore.
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Surani Steel Tubes approved raising up to ₹85 crore through fully convertible warrants on a preferential basis at ₹102 per share of ₹10 face value. The board also approved changing the company name to Singlon Limited with consequential changes to its memorandum and articles, subject to shareholder and regulatory approvals, and called an extraordinary general meeting for 30 October 2026 via video conferencing to approve the proposals. The company had fully converted a 72.64 lakh warrant issue priced at ₹135 in January 2025, taking paid-up shares to 1.55 crore. Operating revenue was ₹225 crore in the year to March 2025, with manufacture of electric resistance welded mild steel pipes as the single reported segment. Its installed base was about 40,000 tonnes per annum, with a phased expansion to 300,000 tonnes per annum including a galvanising plant targeted for 2027. Loans to others were ₹56.05 crore and trade receivables were ₹27.18 crore at the end of March 2025, against cash of ₹4.36 crore.
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Aug 24 (Reuters) - Surani Steel Tubes Ltd SUAN.NS:
SURANI STEEL TUBES LTD - GAURAV RAJESHBHAI PATEL RESIGNS AS CHIEF FINANCIAL OFFICER
SURANI STEEL TUBES LTD - NAMES PAVNI SINGLA AS CFO
Source text for Eikon: ID:nNSE4Sx2s2
Further company coverage: SUAN.NS
(([email protected];))
Aug 24 (Reuters) - Surani Steel Tubes Ltd SUAN.NS:
SURANI STEEL TUBES LTD - GAURAV RAJESHBHAI PATEL RESIGNS AS CHIEF FINANCIAL OFFICER
SURANI STEEL TUBES LTD - NAMES PAVNI SINGLA AS CFO
Source text for Eikon: ID:nNSE4Sx2s2
Further company coverage: SUAN.NS
(([email protected];))
May 10 (Reuters) - Surani Steel Tubes Ltd SUAN.NS:
APPROVED ISSUE OF CONVERTIBLE WARRANTS WORTH UPTO 1.09 BILLION RUPEES
APPROVED ISSUE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS
Source text for Eikon: ID:nNSE1Hz9b1
Further company coverage: SUAN.NS
(([email protected];))
May 10 (Reuters) - Surani Steel Tubes Ltd SUAN.NS:
APPROVED ISSUE OF CONVERTIBLE WARRANTS WORTH UPTO 1.09 BILLION RUPEES
APPROVED ISSUE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS
Source text for Eikon: ID:nNSE1Hz9b1
Further company coverage: SUAN.NS
(([email protected];))
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What does Surani Steel Tubes do?
Surani Steel Tubes Limited, established in 2012, specializes in manufacturing and supplying high-quality ERW pipes and steel tubes. With experienced industry professionals at its core, the company aims to become a top provider of steel products for industrial sectors.
Who are the competitors of Surani Steel Tubes?
Surani Steel Tubes major competitors are Garg Furnace, Incredible Inds., Karbonsteel Engg., Shah Alloys, Maiden Forgings, East India Drums, Gabion Technologies. Market Cap of Surani Steel Tubes is ₹156 Crs. While the median market cap of its peers are ₹157 Crs.
Is Surani Steel Tubes financially stable compared to its competitors?
Surani Steel Tubes seems to be less financially stable compared to its competitors. Altman Z score of Surani Steel Tubes is 2.17 and is ranked 8 out of its 8 competitors.
Does Surani Steel Tubes pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Surani Steel Tubes latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Surani Steel Tubes allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances
How strong is Surani Steel Tubes balance sheet?
Balance sheet of Surani Steel Tubes is moderately strong.
Is the profitablity of Surani Steel Tubes improving?
The profit is oscillating. The profit of Surani Steel Tubes is ₹2.04 Crs for TTM, ₹0.49 Crs for Mar 2025 and ₹0.5 Crs for Mar 2024.
Is the debt of Surani Steel Tubes increasing or decreasing?
The net debt of Surani Steel Tubes is decreasing. Latest net debt of Surani Steel Tubes is -₹17.54 Crs as of Mar-26. This is less than Mar-25 when it was ₹27.19 Crs.
Is Surani Steel Tubes stock expensive?
Surani Steel Tubes is not expensive. Latest PE of Surani Steel Tubes is 76.03, while 3 year average PE is 264. Also latest EV/EBITDA of Surani Steel Tubes is 0.0 while 3yr average is 81.59.
Has the share price of Surani Steel Tubes grown faster than its competition?
Surani Steel Tubes has given lower returns compared to its competitors. Surani Steel Tubes has grown at ~-33.55% over the last 3yrs while peers have grown at a median rate of 8.86%
Is the promoter bullish about Surani Steel Tubes?
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 Surani Steel Tubes is 30.84% and last quarter promoter holding is 30.84%.
Are mutual funds buying/selling Surani Steel Tubes?
There is Insufficient data to gauge this.