Gandhi Special Tubes Ltd - Stock Valuation and Financial Performance

Gandhi Special Tubes Limited formerly known as Gandhi Special 07 Tubes Limited was a project set up by Gandhi Group in technical collaboration with Benteler of Germany. Benteler is one of the leading enterprises in manufacturing of steel. Besides steel they manufacture welded and seamless steel tubes and are also producing pressed, drawn, stamped parts and tubular components.

The project was for manufacturing small diameter welded and cold drawn seamless steel tubes. M/S Benteler have supplied most of the critical machines and were involved in installation and commissioning of the plant and training personnel in India as well as Germany. The plant situated at Gujarat, started commercial production in April 1988. Gandhi Special Tubes Limited have also subsequently started producing tubular components like condenser coils and wire on tube condensors at Halol plant mentioned above and have recently set up a unit at Pune to manufacture tubular components.

Gandhi Special Tubes Limited had also started manufacturing of Cold Formed Tube Nuts for Fuel Injection Tube Assemblies as well as Hydraulic Tube Assemblies. This is a pioneering effort in India as hitherto tube nuts were being manufactured by machining.

Gandhi Group manufactures automobile components. The products are marketed all over India and are also exported all over the world including Germany, UK, South East Asian countries etc.

The organization’s philosophy is to aim at continuous growth by giving priority to customer satisfaction through assured product quality and use of state of art technology. Facilities at Pune plant for manufacturing tubular components include CNC and manual bending, hydraulic head forming, welding / brazing, flushing, pressure testing etc.Standard steel grades used are AISI 1010 / AISI 1015 / En1A other steel grades as well. Stainless steel grades like SSS304 / SS316 are also considered on request.

They are pioneers in introducing cold drawn seamless steel tubes normalized / annealed in bright annealing furnace in India. This ensures soft and scale free tubes.Clients of the company include organizations like, Tata Engineering & Locomotive, Tata Iron & Steel, Ashok Leyland, Maruti Udyog, Mahindra & Mahindra, Bajaj Auto, Escorts group companies, Larsen & Toubro, SMS India, Steel Authority of India, Bharat Heavy Electricals, Godrej Appliances, Electrolux India, Voltas, Daewoo India, Kirloskar Copeland, etc.

Product range of the company includes:

• Small Diameter Welded Steel Tubes- The size range of small diameter welded steel tubes manufactured is 3.1 to 12.7mm OD and 0.5 to 1.5mm wall thickness. Plain, inside and outside copper plated and outside zinc plated tubes are manufactured. These tubes find applications mainly in refrigration and automobile industry.
• Cold Drawn Seamless Steel Tubes- The size range of cold drawn seamless steel tubes manufactured is 3 to 75mm OD and 0.5 to 7.5 mm wall thickness. hese tubes find applications in high pressure fuel injection tubings and hydraulic tubings.
• Tubular Components- Components manufactured are condensors , compressor parts, fuel injection tube assemblies , hydraulic tubes etc.
• Cold Formed Nuts- Cold formed nuts have following distinct advantages over machined nuts :- High degree of reliability ensuring zero failures on account of cracked nuts.-Fatigue life, Tensile Strength, Yield Strength & Shear strength increase due to cold working. The unbroken flow lines follow the part contour which increase the strength of the part.-Improved surface finish which not only gives better looks to the nuts but improves life & greatly helps sealing where ferrules are used.

The organisation has given due importance to developing reliable quality systems. Company's quality system has been certified as per ISO/TS 16949 : 2002 as well as ISO 9001: 2000 by M/S TUV.