Surani Steel Tubes (NSE:SURANI) Construction In Progress: ₹8.6 Mil (As of Mar. 2026)


NSE:SURANI Surani Steel Tubes Ltd NSE:SURANI
52 GF Score
Price ₹104.00
GF Value ₹70.91
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Surani Steel Tubes Construction In Progress?

Surani Steel Tubes NSE:SURANI -1.89% 52 Construction In Progress is ₹8.6 Mil as of Mar. 2026. GuruFocus rates NSE:SURANI with a GF Score™ of 52/100 and a GF Value™ of ₹70.91 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Surani Steel Tubes's quarterly construction in progress increased from Mar. 2025 (₹1.0 Mil) to Sep. 2025 (₹8.0 Mil) and increased from Sep. 2025 (₹8.0 Mil) to Mar. 2026 (₹8.6 Mil).

Surani Steel Tubes's annual construction in progress declined from Mar. 2024 (₹1.3 Mil) to Mar. 2025 (₹1.0 Mil) but then increased from Mar. 2025 (₹1.0 Mil) to Mar. 2026 (₹8.6 Mil).

Surani Steel Tubes Construction In Progress Historical Data

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The historical data trend for Surani Steel Tubes's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Surani Steel Tubes Construction In Progress Chart

Surani Steel Tubes Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.27 0.98 8.64

Surani Steel Tubes Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 8.62 0.98 7.99 8.64
NSE:SURANI
52GF Score
Surani Steel Tubes Ltd NSE:SURANI
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Surani Steel Tubes Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹8.6 Mil mean?
Surani Steel Tubes (NSE:SURANI) has a Construction In Progress of ₹8.6 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Surani Steel Tubes and its competitors.
Is Surani Steel Tubes' Construction In Progress too high?
Surani Steel Tubes' current Construction In Progress is ₹8.6 Mil. Overall, Surani Steel Tubes has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surani Steel Tubes' Construction In Progress compare to NUE and STLD?
Surani Steel Tubes' Construction In Progress of ₹8.6 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Steel company?
A good Construction In Progress depends on the Steel industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Surani Steel Tubes and its competitors. Surani Steel Tubes's current Construction In Progress is ₹8.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surani Steel Tubes stock overvalued right now?
Based on GuruFocus' analysis, Surani Steel Tubes (NSE:SURANI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹70.91, compared to a current price of ₹104.00 — trading 46.7% above its estimated fair value. The current Construction In Progress is ₹8.6 Mil. Surani Steel Tubes' overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Surani Steel Tubes (NSE:SURANI), the current Construction In Progress is ₹8.6 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Surani Steel Tubes (NSE:SURANI) Overvalued in 2026?

Based on GuruFocus' analysis, Surani Steel Tubes stock appears to be overvalued. The current stock price of ₹104.00 is trading 46.7% above its estimated GF Value™ of ₹70.91. GuruFocus considers Surani Steel Tubes to be Significantly Overvalued.

Key valuation signals for NSE:SURANI:

  • Construction In Progress: ₹8.6 Mil
  • GF Value™: ₹70.91 vs. price of ₹104.00 (46.7% above fair value)
  • GF Score™: 52/100 with 4 warning signs

No single metric tells the full story. See the NSE:SURANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Surani Steel Tubes Business Description

Address Bayad Road, Sr. No. 110, 115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315
Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and others. Geographically, it operates only in India.
52GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹104.00
Price
₹70.91
GF Value