- POSITIVE
Annual Revenue Shree Marutinandan Industries Mar-2026 Annual Revenue is Rs 149 Cr which is growth of 29.8% YoY.
- POSITIVE
Annual Net Profit Shree Marutinandan Industries Mar-2026 Annual Net Profit is Rs 4 Cr which is growth of 27.7% YoY.
Shree Marutinandan Tubes was incorporated on March 12, 2013. The company is engaged in the business of trading galvanised pipe, electric resistance welding mild steel pipes (round pipes, square and rectangular hollow sections) in various specifications, sizes ranging from 15 NB to 1000 NB, and also in trading black pipes and solar structural pipes. Its products have wide applications in varied industries such as agriculture, oil, public health, housing, irrigation, engineering, infrastructure, industrial, etc.
| Bidding Dates |
|---|
| 12 Jan 2024 - 16 Jan 2024 |
| Subscription |
|---|
| 44.86x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹143,000 | 1 | 1 | 1000 | 1.0 M | ₹143 | 58.3 % | ₹143.0 M | RHP DOC |
Shree Marutinandan Tubes IPO SUBSCRIPTION STATUS
16 Jan '24Total44.86x
Retail Individual Investor56.72x
HNI (NII) Investors32.99x
Qualified Institutional Buyers-
Shree Marutinandan Tubes IPO overall subscription rate was 44.86 times the total available shares
Shree Marutinandan Tubes IPO retail subscription rate was 56.72 times in the retail segment
Shree Marutinandan Tubes IPO non-institutional investor subscription rate was 32.99 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
16 Jan 2024 (Day 3) | 56.72x | 32.99x | - |
15 Jan 2024 (Day 2) | 28.8x | 9.35x | - |
12 Jan 2024 (Day 1) | 6.36x | 3.49x | - |
Shree Marutinandan Tubes FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 14.2 | 427.7 | 14.6 | 14.4 | 5.3% |
| FY23 | 20.2 | 471.7 | -4.4 | -4.5 | 7.5% |
| FY22 | 0.6 | 471.4 | 26.9 | 23.4 | 1.7% |
| FY21 | 1.3 | 356.4 | -27.3 | -27.4 | 2.7% |
Shree Marutinandan Tubes IPO SUBSCRIPTION STATUS DETAILS
Shree Marutinandan Tubes had 1.0 M shares on offer
Shree Marutinandan Tubes IPO offer price was ₹143
Shree Marutinandan Tubes IPO minimum Investment was ₹143000
Shree Marutinandan Tubes IPO issue size was ₹ 143.0 M
Shree Marutinandan Tubes had a minimum lot size of 1000 Shares per application
Shree Marutinandan Tubes NUMBER OF SHARES ON OFFER
Total1.0 M
Fresh Issue1.0 M
Offer for Sale0
Post Issue Promoter Holding %58.3 %
Shree Marutinandan Tubes IPO IMPORTANT DATES
| Issue Open Date | 12 Jan 2024 |
| Issue close Date | 16 Jan 2024 |
| Allotment Date | 17 Jan 2024 |
| Refund Date | 18 Jan 2024 |
| Demat Account Credit Date | 18 Jan 2024 |
| Listing Date | 19 Jan 2024 |
| Listing on Exchange(s) | BSE |
| Shree Marutinandan Tubes Allotment Status | Exchange |
Shree Marutinandan Tubes IPO subscription opened on 12 Jan 2024, and closed on 16 Jan 2024
IPO allotment for Shree Marutinandan Tubes was finalized on Wednesday, 17 Jan 2024
IPO listing for Shree Marutinandan Tubes was on BSE on Friday, 19 Jan 2024
Shree Marutinandan Tubes IPO LISTING GAINS
| Issue Price (adjusted) | 143.0 |
| Listing Open Price | 200.0 |
| Listing Close Price | 210.0 |
| Listing Gain% | 39.9% |
| Current Gain% | -69.1% |
Shree Marutinandan Tubes Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shree Marutinandan Industries Ltd. | 44.2 | 15.3 | 4.3 | 0.2 | 0.1 | 9.5 | 5.4 | 149.8 | 30.1 | 3.6 | 27.7 | 10.3 | 27.7 |
| Welspun Corp Ltd. | 2341.6 | 61769.2 | 26.1 | 2.8 | 3.5 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 89.8 | 9.5 |
| APL Apollo Tubes Ltd. | 2165.1 | 60115.8 | 45.9 | 1.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 47.2 | 24.9 |
| Usha Martin Ltd. | 445.9 | 13588.4 | 26.8 | 1.1 | 3.5 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 25.5 | 9971.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Aeroflex Industries Ltd. | 536.4 | 7098.2 | 79.3 | 0.9 | 11.8 | 12.4 | 9.8 | 443.3 | 17 | 55.5 | 5.8 | 6.8 | 87 |
Annual
Balance Sheet
Ratios
Cash Flow
Shree Marutinandan Tubes annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
46.8% | 32.9% | 149.4 | 115.2 | 91.9 | 47.2 | 47.2 | 36 | ||
Operating Exp. Ann. | 48.4% | 32.5% | 142.9 | 110.2 | 87.7 | 43.7 | 46.4 | 35 | |
Operating Profit Ann. | 22.3% | 60.5% | 6.4 | 3.7 | 4.1 | 3.5 | 0.8 | 0.6 | |
OPM Ann. % | -16.5% | 19.5% | 4.29% | 3.25% | 4.43% | 7.37% | 1.63% | 1.76% | |
48.2% | 32.2% | 144.7 | 111.4 | 88.4 | 44.5 | 47.1 | 35.8 | ||
EBITDA Ann. | 22.9% | 45.4% | 6.5 | 5 | 4.2 | 3.5 | 0.8 | 1 | |
EBITDA Ann. margin % | -16.4% | 10.1% | 4.37% | 4.34% | 4.59% | 7.49% | 1.72% | 2.70% | |
Interest Ann. | 22.9% | 13.2% | 1.3 | 1 | 0.6 | 0.7 | 0.7 | 0.7 | |
Depr. | 71% | - | 0.5 | 0.2 | 0.1 | 0.1 | 0 | 0 | |
PBT Ann. | 20.3% | 88% | 4.7 | 3.7 | 3.6 | 2.7 | 0.1 | 0.2 | |
Tax Ann. | 16.3% | 61.5% | 1.1 | 0.9 | 0.9 | 0.7 | 0.1 | 0.1 | |
21.6% | 104.8% | 3.6 | 2.8 | 2.6 | 2 | 0.1 | 0.1 | ||
Net Profit Ann. | 21.6% | 104.8% | 3.6 | 2.8 | 2.6 | 2 | 0.1 | 0.1 | |
NPM Ann. % | -17.6% | 45.2% | 2.39% | 2.45% | 2.86% | 4.27% | 0.12% | 0.37% | |
EPS Adj. latest Ann. | 21.1% | 91.5% | 10.3 | 8.1 | 7.6 | 5.8 | 0.2 | 0.4 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
29.7%
2Y CAGR
27.5%
3Y CAGR
46.8%
5Y CAGR
32.9%
Total Revenue Annual growth is lower than historical averages.
Net Profit Ann.
1Y CHG
28.6%
2Y CAGR
17.7%
3Y CAGR
21.6%
5Y CAGR
104.8%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
29.7%
2Y CAGR
27.6%
3Y CAGR
48.4%
5Y CAGR
32.5%
Operating Expenses Annual Cr growth is lower than historical averages.
Shree Marutinandan Tubes INFORMATION ON IPO ISSUE
About Shree Marutinandan Tubes
Shree Marutinandan Tubes was incorporated on March 12, 2013. The company is engaged in the business of trading galvanised pipe, electric resistance welding mild steel pipes (round pipes, square and rectangular hollow sections) in various specifications, sizes ranging from 15 NB to 1000 NB, and also in trading black pipes and solar structural pipes. Its products have wide applications in varied industries such as agriculture, oil, public health, housing, irrigation, engineering, infrastructure, industrial, etc.
Object of the Issue
- To meet incremental working capital requirements
- General corporate purpose
- To meet public issue expenses
Shree Marutinandan Tubes - PROMOTERS
| Name |
|---|
| Vikram Shivratan Sharma |
| Bharat Shivratan Sharma |
| Kusumlata Shivratan Sharma |
Shree Marutinandan Tubes Book Running Lead Manager
Swastika Investmart Limited
merchantbanking@swastika.co.in
Shree Marutinandan Tubes Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Shree Marutinandan Tubes Strengths
Quality products
The company has earned a commendable reputation for reliability and quality due to its adherence to uncompromising standards of quality
Strength
Product range
The company has a varied product range to cater to the requirements of its customers. Its product portfolio includes a diversified variety of pipes in various specifications and sizes, ranging from 15NB to 1000NB, with wide applications in varied industries
Strength
Established sales and distribution network
The company's sales and distribution network is strategically spread across different states in India. As of FY23, it has a strong customer network in India, catering to more than 730 clients and supplying products as per their specific needs
Strength
Shree Marutinandan Tubes Risks
Volatile steel industry
The demand and pricing in the steel industry are volatile and sensitive to the cyclical nature of the industries it serves. A decrease in steel prices may have an adverse effect on the business
Risk
Geographical concentration
The company generates a substantial portion of its revenue from Gujarat. Any adverse developments affecting the operations in this region could have an adverse impact on the revenue
Risk
Highly competitive
The company operates in a highly competitive industry. Any inability to compete effectively may lead to lower market share or reduced operating margins
Risk
IPO FAQs
The promoters of the company are Vikram Shivratan Sharma, Bharat Shivratan Sharma and Kusumlata Shivratan Sharma.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 143.0 - 143.0.
The IPO application opens on Jan 12, 2024 and closes on Jan 16, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 143,000.0, the maximum value for this IPO is Rs 143,000.0.
This IPO will be allotted on Jan 17, 2024.
The refund will be credited to your account on Jan 18, 2024.
The allotted shares will be credited to your demat on Jan 18, 2024.
Shree Marutinandan Tubes Ltd.’s shares listed on the stock exchanges on Jan 19, 2024.