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 ₹ 2,992 Cr.
- Current Price ₹ 102
- High / Low ₹ 111 / 96.2
- Stock P/E 36.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 22.2 %
- ROE 25.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
- Company's working capital requirements have reduced from 52.1 days to 40.1 days
Cons
- Promoter holding has decreased over last quarter: -15.7%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 479 | 819 | 937 | 1,286 | |
| 415 | 695 | 820 | 1,126 | |
| Operating Profit | 63 | 125 | 117 | 160 |
| OPM % | 13% | 15% | 13% | 12% |
| 1 | 1 | 2 | 3 | |
| Interest | 15 | 19 | 22 | 32 |
| Depreciation | 6 | 10 | 16 | 21 |
| Profit before tax | 44 | 97 | 81 | 111 |
| Tax % | 24% | 25% | 26% | 26% |
| 33 | 72 | 60 | 82 | |
| EPS in Rs | 16.47 | 35.89 | 30.05 | 3.42 |
| Dividend Payout % | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 35% |
| Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 241 |
| Reserves | 58 | 129 | 190 | 197 |
| 158 | 242 | 285 | 351 | |
| 34 | 68 | 57 | 151 | |
| Total Liabilities | 270 | 459 | 552 | 940 |
| 114 | 235 | 294 | 337 | |
| CWIP | 60 | 17 | 22 | 216 |
| Investments | -0 | -0 | -0 | -0 |
| 97 | 206 | 236 | 388 | |
| Total Assets | 270 | 459 | 552 | 940 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 46 | 34 | 66 | 142 | |
| -57 | -100 | -85 | -312 | |
| 6 | 66 | 19 | 177 | |
| Net Cash Flow | -5 | -0 | 0 | 7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 6 | 7 | 13 | 27 |
| Inventory Days | 33 | 72 | 74 | 59 |
| Days Payable | 10 | 18 | 15 | 39 |
| Cash Conversion Cycle | 29 | 60 | 73 | 47 |
| Working Capital Days | 48 | 55 | 61 | 40 |
| ROCE % | 37% | 23% | 22% |
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.