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 ₹ 3,092 Cr.
- Current Price ₹ 105
- High / Low ₹ 149 / 96.2
- Stock P/E 33.9
- Book Value ₹ 33.2
- Dividend Yield 0.00 %
- ROCE 13.9 %
- ROE 12.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
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 | 2,003 | |
| 415 | 695 | 820 | 1,126 | 1,357 | 1,784 | |
| Operating Profit | 63 | 125 | 117 | 160 | 155 | 219 |
| OPM % | 13% | 15% | 13% | 12% | 10% | 11% |
| 1 | 1 | 2 | 3 | 6 | 6 | |
| Interest | 15 | 19 | 22 | 32 | 48 | 56 |
| Depreciation | 6 | 10 | 16 | 21 | 34 | 46 |
| Profit before tax | 44 | 97 | 81 | 111 | 79 | 123 |
| Tax % | 24% | 25% | 26% | 26% | 26% | |
| 33 | 72 | 60 | 82 | 58 | 91 | |
| EPS in Rs | 16.47 | 35.89 | 30.05 | 3.42 | 2.41 | 3.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -7% |
| TTM: | -30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 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)-Analyst / Investor Meet - Intimation
27 Nov - Analyst meeting on Dec 2, 2025, 11:30–13:00 IST at BKC, Mumbai (in-person).
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Receipt Of Environmental Clearance (EC) By Sambhv Tubes Private Limited, A Wholly Owned Subsidiary Of Sambhv Steel Tubes Limited.
25 Nov - EC received Nov 24, 2025 for greenfield steel project — key capacities: DRI 700k TPA, billets 1,045k TPA, 85 MW power.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Nov - Investor meeting Nov 28, 2025 1:30–2:45PM IST with Phillip Capital; Lower Parel, Mumbai.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Nov - Group analyst/investor site visit on Nov 18, 2025; no UPSI will be shared.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Nov - Sambhv Steel Tubes Limited has informed regarding transcript of the conference call held on November 10,2025.
Concalls
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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Jul 2025TranscriptNotesPPT
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.