What’s new

• Profit rose to ₹68.4 crore for FY26 from ₹58.7 crore in the prior year.
• Board approved a buyback of 8.68 lakh shares at ₹900 each.
• The company recommended a dividend of ₹15 per share.

Why it matters

Gandhi Special Tubes is aggressively returning cash to shareholders through a combination of a high-payout dividend and a substantial equity retirement. The buyback consumes roughly 6.9% of the company's current market capitalization, signaling confidence in its cash-generative profile.

What we’re watching

• Shareholder approval for the proposed tender-offer buyback.
• The record date for the ₹15 per share dividend payment.
• Whether the buyback volume hits the 7.14% limit.

The full read

Gandhi Special Tubes ended FY26 with a 16.5% increase in net profit, reaching ₹68.4 crore on revenue of ₹191.8 crore. To distribute this cash, the board approved a tender-offer buyback of 8.68 lakh shares at ₹900 per share, requiring a maximum outlay of ₹78.1 crore. This move will retire 7.14% of the company’s equity. Beyond the buyback, the board proposed a dividend of ₹15 per share. Together, these capital allocation decisions confirm a high cash-payout strategy for the year. The buyback alone represents 6.9% of the company's market capitalization. The next hurdle is securing shareholder approval for the buyback plan.

Primary source: BSE · NSE