GANDHITUBE (GANDHITUBE): Buyback
Gandhi Special Tubes told the exchange that its buy back closed with effect from September 17, 2026, according to an NSE filing carried that evening. An earlier exchange update in late August described the offer as up to 8,68,100 fully paid-up equity shares of face value Rs. 5 each, at a price of INR 900 per equity share through the tender offer route. In a tender offer, shareholders choose whether to offer their shares back to the company at that fixed price.
Strota keeps its own record of what followed buyback events of this type across many different listed companies. In that sample of 42 past events, 57.1% were followed by a gain, and the average edge after estimated costs was 0.374%. That is a historical base rate measured across other stocks, not a measurement of this company and not a forecast for it.
On this company's own footprint, the evidence pack carries no price or technical record, so this piece cannot say how the shares traded around the closure. It does carry a valuation snapshot: a price-to-earnings ratio of 14.64, which is the share price divided by annual earnings per share, earnings per share of 61.44, a price-to-book ratio of 3.46, a dividend yield of 1.67% and a market capitalisation of roughly ₹1015 crore. The market reading in the pack shows the Nifty up 0.33%.
Outside coverage is thin and points both ways. A report from simplywall.st some 55 days ago flagged possible issues with the quality of the company's earnings, while an earlier one from the same publisher said it ticked all the boxes on earnings growth. The record establishes the mechanics of the buyback and the date it closed. It does not establish how the stock responded.
The catalyst
Gandhi Special Tubes Limited has informed the Exchange regarding Closure of Buy Back with effect from September 17, 2026 (filing · NSE)
What the data shows after this event
Across Strota's backtest of past filings, Buyback tends to continue — the move went bullish in about 57.1% of next sessions (net 0.374% after drift and cost, n=42). A base rate, not a forecast for this stock.
GANDHITUBE right now
P/E 14.64. Full GANDHITUBE analysis →
Sources
- Gandhi Special Tubes Limited has informed the Exchange regarding Closure of Buy Back with effect from September 17, 2026 — NSE
- Gandhi Special Tubes GANDHITUBE Post-Buyback Ad Filed — Kalkine India
- Gandhi Special Tubes Holds Steady at ₹896.6: Consolidation Within Defined Range - Composite Profile — siam.in
- Gandhi (GANDHITUBE.NS) Q2 2026 Results: The Report Provides a New Financial Snapshot at the Close; Closing Reaction: The Stock Loses 0.29% in the Latest Reading - Forward Guidance Trends — siam.in
- Gandhi Special Tubes GANDHITUBE Buyback Public Announcement 2026 — Kalkine India
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