What is the scale of the proposed buyback?

The board approved the purchase of up to 8.68 lakh shares at ₹900 each. This accounts for 7.14% of equity and a total cash outlay of ₹78.1 crore.

How did the company perform in FY26?

Revenue reached ₹191.8 crore, with net profit rising 16.5% to ₹68.4 crore compared to ₹58.7 crore in FY25.

What dividend payout has been suggested?

The board recommended a dividend of ₹15 per share, which represents a 300% payout based on the face value.

What is the next step for the buyback?

The proposal requires approval from shareholders before the tender offer can proceed.

Earnings · Steel & Iron Products · Small cap

Gandhi Special Tubes to return ₹78 crore via share buyback

The company reported a 16.5% rise in annual profit to ₹68.4 crore and plans to retire 7.14% of its equity at ₹900 per share.

GANDHITUBE 25 May 2026 · 7:46 PM IST Verify on BSE · NSE

Mkt cap₹1,003 cr

P/E14.67×

ROE22.08%

Debt / eq.0.00

Div yld1.78%

₹78.1 cr Maximum cash outflow allocated for the tender-offer buyback.

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 this 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.

Questions answered

What is the scale of the proposed buyback?: The board approved the purchase of up to 8.68 lakh shares at ₹900 each. This accounts for 7.14% of equity and a total cash outlay of ₹78.1 crore.
How did the company perform in FY26?: Revenue reached ₹191.8 crore, with net profit rising 16.5% to ₹68.4 crore compared to ₹58.7 crore in FY25.
What dividend payout has been suggested?: The board recommended a dividend of ₹15 per share, which represents a 300% payout based on the face value.
What is the next step for the buyback?: The proposal requires approval from shareholders before the tender offer can proceed.

Mentioned: Gandhi Special Tubes · ₹78.1 crore buyback · FY26 annual results

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.