Gandhi Special Tubes Ltd. News and Updates

Name: Latest research reports of Gandhi Special Tubes Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Gandhi Special Tubes Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Gandhi Special Tubes Ltd. from all sources in a single place.

Gandhi Special Tubes Ltd.

23 Jul 2021

683.60

1.31%

Gandhi Special Tubes

Buy: Gandhi Special Tubes Ltd.

Recommendation Target

ICICI Securities Limited

With a cyclical recovery under way in its key user segments (construction equipment, commercial vehicles) and steady prospects in the tractor space, we expect GST to report sales CAGR of 15% over FY21-23E EBITDA margins are slated to remain elevated at ~38% with RoCE inching up to 30% in the aforesaid timeframe (FY21-23E) With low capex spends, GST has a history of rewarding shareholders with healthy dividends and buybacks. We expect the trend to continue with recent dividend declaration of | 9/share for FY21 & buyback announcement...

Gandhi Special Tubes Ltd. is trading below its 100 day SMA of 726.3

Gandhi Special Tubes Ltd.

20 Nov 2019

683.60

1.31%

Gandhi Special Tubes

Sell: Gandhi Special Tubes Ltd.

Recommendation Target

ICICI Securities Limited

GST has a history of rewarding its shareholdings through generous dividend payouts and b/s permitted buy-backs. FY17-19, average dividend payout was at ~38% with absolute dividend at | 9/share (~3% dividend yield). We expect generous dividend payouts to continue, going forward as well. Even in the recent past, GST has concluded a buyback wherein the company has successfully bought 9 lakh shares (~6.5% of outstanding share capital) at a price of | 550/share through tender offer route on the stock exchanges....

Gandhi Special Tubes Ltd. is trading above its 50 day SMA of 662.5

Gandhi Special Tubes Ltd.

28 Dec 2018

683.60

1.31%

Gandhi Special Tubes

Buy: Gandhi Special Tubes Ltd.

Target

ICICI Securities Limited

Gandhi Special Tubes (GST) reported a healthy performance in Q2FY19 with net sales for the quarter coming in at | 33.6 crore, up 12.9% YoY. Corresponding EBITDA in Q2FY19 was at | 12.9 crore with subsequent EBITDA margins at 38.3%, flat YoY PAT in Q2FY19 was at | 10.0 crore, up 15.1% YoY Topline growth of 12.9% can be considered a temporary blip vs. ~30% in last three quarters (Q3FY18, Q4FY18 & Q1FY19). The management attributed it to fewer working days in the quarter with...

Gandhi Special Tubes Ltd. is trading below its 100 day SMA of 726.3

Gandhi Special Tubes Ltd.

30 May 2018

683.60

1.31%

Gandhi Special Tubes

Buy: Gandhi Special Tubes Ltd.

Target

ICICI Securities Limited

Gandhi Special Tubes (GST) reported a robust Q4FY18 performance with net sales for the quarter coming in at | 28 crore, up 29% YoY EBITDA in Q4FY18 was at | 8.7 crore with corresponding EBITDA margins at 30.9%, down 360 bps. Drop in margins was primarily tracking one-time other expenses that included buy-back expense and CSR expense, adjusting for which margins came in at 36.4% PAT in Q4FY18 was at | 6.7 crore, down 4.3% YoY For FY18, net sales were at | 113.9 crore, up 20.8% YoY, EBITDA...

Gandhi Special Tubes Ltd. is trading below its 100 day SMA of 726.3

Gandhi Special Tubes Ltd.

07 Feb 2018

683.60

1.31%

Gandhi Special Tubes

Buy: Gandhi Special Tubes Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Gandhi Special tubes (GST) reported stellar performance in Q3FY18. Net sales for the quarter came in at | 28.1 crore, up 31% YoY. EBITDA in Q3FY18 stood at | 10.5 crore with corresponding EBITDA margins at 37.5% (up 710 bps YoY). PAT in Q3FY18 stood at | 9.3 crore vs. | 6.1 crore in the base quarter. Top line growth for the quarter is encouraging given one of its product going obsolete in the M&HCV; space (contributed ~10% of...

Gandhi Special Tubes Ltd. is trading below its 100 day SMA of 726.3

Gandhi Special Tubes Ltd.

09 Nov 2017

683.60

1.31%

Gandhi Special Tubes

Hold: Gandhi Special Tubes Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Gandhi Special Tubes (GST) reported a healthy Q2FY18 performance (sales up 8.4% YoY, margins up 440 bps YoY) despite one of its main business segment (fuel injection tubes) going off stream due to mandatory conversion to BS-IV norms in the domestic M&HCV; space Net sales for the quarter came in at | 29.8 crore. EBITDA in Q2FY18 was at | 11.4 crore with corresponding EBITDA margins at 38.3%, up 440 bps. Savings were realised across variables viz. raw material...

Gandhi Special Tubes Ltd. is trading below its 100 day SMA of 726.3

Gandhi Special Tubes Ltd.

18 May 2017

683.60

1.31%

Gandhi Special Tubes

Hold: Gandhi Special Tubes Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Gandhi Special Tubes (GST) reported a steady Q4FY17 performance, with sales at | 21.7 crore, flat YoY. EBITDA for the quarter was at | 7.5 crore with corresponding EBITDA margins at 34.5%, up 530 bps YoY. A sharp improvement in EBITDA margin is largely tracking savings in power & fuel costs and other expenses PAT in Q4FY17 was at | 7.0 crore, up 13% YoY largely tracking expansion in EBITDA margins and lower effective tax rate...

Gandhi Special Tubes Ltd. is trading above its 50 day SMA of 662.5

Gandhi Special Tubes Ltd.

27 Oct 2016

683.60

1.31%

Gandhi Special Tubes

Hold: Gandhi Special Tubes Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research In Q2FY17, Gandhi Special Tubes (GST) reported a robust performance with sales growing 20% YoY to | 26.1 crore. It was largely tracking the robust tractor sales domestically in H1FY17. The M&HCV; segment, however, witnessed lacklustre growth The company reported healthy EBITDA margins of 33.9% in Q2FY17, which is the second consequent quarter of sustained 34-35% EBITDA margin profile. Consequent EBITDA in Q2FY17 was at | 9.3 crore...

Gandhi Special Tubes Ltd. is trading above its 50 day SMA of 662.5

Gandhi Special Tubes Ltd.

18 May 2016

683.60

1.31%

Gandhi Special Tubes

Hold: Gandhi Special Tubes Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research In Q4FY16, Gandhi Special Tubes (GST) reported a robust performance with sales growing 20% YoY after four quarters of...

Gandhi Special Tubes Ltd. is trading above its 50 day SMA of 662.5

Gandhi Special Tubes Ltd.

03 Nov 2015

683.60

1.31%

Gandhi Special Tubes

Hold: Gandhi Special Tubes Ltd.

ICICI Securities Limited

Gandhi Special Tubes Ltd. is trading above its 50 day SMA of 662.5

Is Gandhi Special Tubes Ltd. worth buying?

36 Votes:

Buy 77.78%

Sell 16.67%

Hold 5.56%