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 ₹ 2,982 Cr.
- Current Price ₹ 101
- High / Low ₹ 149 / 80.7
- Stock P/E 28.7
- 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE IPO BSE Allcap BSE Industrials
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 |
| Free Cash Flow | -17 | -64 | -20 | -142 | -95 |
| CFO/OP | 85% | 36% | 81% | 100% | 95% |
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% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Sponge Iron MTPA |
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| Installed Capacity - ERW & GI Pipes MTPA |
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| Sales Volume - All Products MTPA |
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| Capacity Utilization - Structural Pipes % |
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| Number of Distributors Count |
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| Production Volume - Structural Pipes & Tubes MTPA |
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| Production Volume - Pre-Galvanized Coils & Pipes MTPA |
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| Production Volume - Stainless Steel MTPA |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
4m - Press Release Titled "Sales Volume Update" dated April 02, 2026
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Announcement under Regulation 30 (LODR)-Acquisition
12m - Sambhv Steel revises April 1 investment disclosure for Vajra Alloys, correcting net worth to INR 0.10 crore.
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Announcement under Regulation 30 (LODR)-Acquisition
22h - Sambhv to invest INR 7,51,56,927 for 15% in Vajra Alloys via preferential allotment, agreement dated Mar 31, 2026.
- Closure of Trading Window 26 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 26 Mar
Concalls
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Feb 2026Transcript PPT REC
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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.