Sambhv Steel Tubes Ltd
Incorporated in 2018, Sambhv Steel Tubes Ltd manufactures finished products, including ERW black pipes and tubes (hollow section) and Galvanized iron (GI) pipes, using intermediate products such as sponge iron, blooms/slabs, and hot rolled (HR) coil.[1]
- Market Cap ₹ 2,671 Cr.
- Current Price ₹ 90.7
- High / Low ₹ 149 / 80.7
- Stock P/E 25.7
- Book Value ₹ 33.2
- Dividend Yield 0.00 %
- ROCE 13.9 %
- ROE 12.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 25.2 to 35.5 days.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 479 | 819 | 937 | 1,286 | 1,511 | 2,223 | |
| 415 | 695 | 820 | 1,126 | 1,357 | 1,991 | |
| Operating Profit | 63 | 125 | 117 | 160 | 155 | 232 |
| OPM % | 13% | 15% | 13% | 12% | 10% | 10% |
| 1 | 1 | 2 | 3 | 6 | 6 | |
| Interest | 15 | 19 | 22 | 32 | 48 | 50 |
| Depreciation | 6 | 10 | 16 | 21 | 34 | 48 |
| Profit before tax | 44 | 97 | 81 | 111 | 79 | 140 |
| Tax % | 24% | 25% | 26% | 26% | 26% | |
| 33 | 72 | 60 | 82 | 58 | 104 | |
| EPS in Rs | 16.47 | 35.89 | 30.05 | 3.42 | 2.41 | 3.65 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| TTM: | 62% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -7% |
| TTM: | 77% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 21% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 241 | 241 | 295 |
| Reserves | 58 | 129 | 190 | 197 | 255 | 683 |
| 158 | 242 | 285 | 351 | 536 | 218 | |
| 34 | 68 | 57 | 151 | 403 | 354 | |
| Total Liabilities | 270 | 459 | 552 | 940 | 1,434 | 1,549 |
| 114 | 235 | 294 | 337 | 715 | 696 | |
| CWIP | 60 | 17 | 22 | 216 | 86 | 113 |
| Investments | -0 | -0 | -0 | -0 | 65 | 65 |
| 97 | 206 | 236 | 388 | 569 | 675 | |
| Total Assets | 270 | 459 | 552 | 940 | 1,434 | 1,549 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 46 | 34 | 66 | 142 | 127 | |
| -57 | -100 | -85 | -312 | -262 | |
| 6 | 66 | 19 | 177 | 132 | |
| Net Cash Flow | -5 | -0 | 0 | 7 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 6 | 7 | 13 | 27 | 36 |
| Inventory Days | 33 | 72 | 74 | 59 | 87 |
| Days Payable | 10 | 18 | 15 | 39 | 111 |
| Cash Conversion Cycle | 29 | 60 | 73 | 47 | 11 |
| Working Capital Days | 17 | 8 | 17 | -7 | -9 |
| ROCE % | 37% | 23% | 22% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
2h - Disclosure under Regulation 30 read with Schedule III of SEBI (LODR), 2015- Investor Presentation.
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Announcement under Regulation 30 (LODR)-Change in Directorate
2h - Appointed Mr. Sharad Chandak as Additional Independent Director from Jan 31, 2026 for five-year term ending Jan 31, 2031.
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Results For Quarter And Nine Months Ended December 31, 2026
2h - Board approved Q3/9M results: Q3 revenue ₹5,906m; 9M profit ₹874.93m; FIR over ₹11.51 Cr land advance
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 (Disclosure Of Event And Information) - SEBI (LODR) Regulations, 2015.
2h - Board approved Q3 and nine-month FY26 unaudited results; limited review; appointed Sharad Chandak; FIR over ₹11.51 Cr land advance.
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Pendency Of Material Litigation / Dispute
24h - FIR (16 Jan 2026) over Nevda land purchase; ₹11.51 crore paid, ₹2.51 crore claimed refund.
Concalls
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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Jul 2025TranscriptAI SummaryPPT
Product Portfolio:[1]
SSTL is engaged in the manufacturing of electric resistance welded (ERW) steel pipes and structural tubes (hollow sections), including ERW black pipes, pre-galvanized (GP) pipes, Cold Rolled Full Hard (CRFH) pipes, galvanized iron (GI) pipes, and steel door frames. These products are manufactured using in-house produced intermediate materials such as sponge iron, blooms/slabs, hot rolled (HR) coils, cold rolled (CR) mild steel coils, and GP coils.