Surani Steel Tubes (NSE:SURANI) Inventory Turnover: 0.50 (As of Mar. 2026)

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NSE:SURANI Surani Steel Tubes Ltd NSE:SURANI
59 GF Score
Price ₹89.95
GF Value ₹69.56
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Surani Steel Tubes Inventory Turnover?

Surani Steel Tubes NSE:SURANI -9.32% 59 Inventory Turnover is 0.50 as of Mar. 2026. GuruFocus rates NSE:SURANI with a GF Score™ of 59/100 and a GF Value™ of ₹69.56 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Surani Steel Tubes's Cost of Goods Sold for the six months ended in Mar. 2026 was ₹395.3 Mil. Surani Steel Tubes's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹795.4 Mil. Surani Steel Tubes's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Surani Steel Tubes's Days Inventory for the six months ended in Mar. 2026 was 367.17.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Surani Steel Tubes's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.92.


Surani Steel Tubes  (NSE:SURANI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Surani Steel Tubes's Days Inventory for the six months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=795.378/395.337*365 / 2
=367.17

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Surani Steel Tubes's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=795.378 / 413.389
=1.92

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Surani Steel Tubes Inventory Turnover Related Terms


Surani Steel Tubes Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Surani Steel Tubes's Inventory Turnover 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 Inventory Turnover Chart

Surani Steel Tubes Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.29 5.42 3.74 4.62 1.02

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
Inventory Turnover 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 2.06 1.97 2.86 2.09 0.50
NSE:SURANI
59GF Score
Surani Steel Tubes Ltd NSE:SURANI
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Surani Steel Tubes Inventory Turnover Calculation

Surani Steel Tubes's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=890.191 / ((317.695 + 1433.781) / 2 )
=890.191 / 875.738
=1.02

Surani Steel Tubes's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=395.337 / ((156.975 + 1433.781) / 2 )
=395.337 / 795.378
=0.50

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.50 mean?
Surani Steel Tubes (NSE:SURANI) has a Inventory Turnover of 0.50 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Surani Steel Tubes and its competitors.
Is Surani Steel Tubes' Inventory Turnover too high?
Surani Steel Tubes' current Inventory Turnover is 0.50. Overall, Surani Steel Tubes has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surani Steel Tubes' Inventory Turnover compare to NUE and STLD?
Surani Steel Tubes' Inventory Turnover of 0.50 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 Inventory Turnover for a Steel company?
A good Inventory Turnover depends on the Steel industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Surani Steel Tubes and its competitors. Surani Steel Tubes's current Inventory Turnover is 0.50. 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 Modestly Overvalued. The stock's GF Value™ is ₹69.56, compared to a current price of ₹89.95 — trading 29.3% above its estimated fair value. The current Inventory Turnover is 0.50. Surani Steel Tubes' overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Surani Steel Tubes (NSE:SURANI), the current Inventory Turnover is 0.50 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 ₹89.95 is trading 29.3% above its estimated GF Value™ of ₹69.56. GuruFocus considers Surani Steel Tubes to be Modestly Overvalued.

Key valuation signals for NSE:SURANI:

  • Inventory Turnover: 0.50
  • GF Value™: ₹69.56 vs. price of ₹89.95 (29.3% above fair value)
  • GF Score™: 59/100 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.
59GF Score

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

₹89.95
Price
₹69.56
GF Value