Vibhor Steel Tubes Ltd
Incorporated in 2003, Vibhor Steel Tubes
Ltd specializes in the production, export,
and distribution of steel pipes and tubes[1]
- Market Cap ₹ 300 Cr.
- Current Price ₹ 158
- High / Low ₹ 299 / 125
- Stock P/E 25.4
- Book Value ₹ 99.2
- Dividend Yield 0.00 %
- ROCE 8.28 %
- ROE 6.43 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.6% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 600 | 557 | 511 | 818 | 1,113 | 1,073 | 996 | |
| 576 | 528 | 491 | 788 | 1,068 | 1,024 | 960 | |
| Operating Profit | 24 | 30 | 20 | 30 | 46 | 49 | 37 |
| OPM % | 4% | 5% | 4% | 4% | 4% | 5% | 4% |
| 6 | 1 | 1 | 0 | 1 | 2 | 2 | |
| Interest | 14 | 16 | 9 | 9 | 12 | 18 | 11 |
| Depreciation | 7 | 7 | 7 | 6 | 6 | 8 | 10 |
| Profit before tax | 9 | 8 | 5 | 15 | 28 | 24 | 17 |
| Tax % | 27% | 35% | 43% | 26% | 25% | 26% | 30% |
| 6 | 5 | 3 | 11 | 21 | 18 | 12 | |
| EPS in Rs | 4.41 | 3.57 | 2.02 | 7.99 | 14.86 | 9.34 | 6.21 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 7% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 1% |
| TTM: | -34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 13% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 19 | 19 |
| Reserves | 41 | 46 | 48 | 58 | 79 | 159 | 169 |
| 134 | 104 | 77 | 127 | 152 | 142 | 171 | |
| 67 | 43 | 30 | 50 | 48 | 64 | 114 | |
| Total Liabilities | 256 | 207 | 170 | 249 | 294 | 383 | 473 |
| 62 | 57 | 52 | 50 | 54 | 69 | 69 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 12 | 68 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 193 | 151 | 118 | 199 | 239 | 302 | 337 | |
| Total Assets | 256 | 207 | 170 | 249 | 294 | 383 | 473 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -9 | 34 | 44 | -35 | 7 | 6 | 36 | |
| -20 | 11 | 0 | -4 | -16 | -44 | -58 | |
| 24 | -45 | -36 | 44 | 13 | 37 | 16 | |
| Net Cash Flow | -5 | 0 | 8 | 6 | 5 | -1 | -5 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 30 | 31 | 20 | 18 | 17 | 26 |
| Inventory Days | 59 | 64 | 41 | 50 | 43 | 65 | 78 |
| Days Payable | 42 | 28 | 21 | 21 | 15 | 21 | 36 |
| Cash Conversion Cycle | 63 | 66 | 51 | 49 | 46 | 61 | 69 |
| Working Capital Days | 72 | 65 | 52 | 57 | 53 | 67 | 71 |
| ROCE % | 13% | 9% | 14% | 18% | 15% | 8% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Copy of newspaper publication with respect to the Audited standalone financial results for the quarter and financial year ended March 31, 2025.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report for FY ended 31 March 2025 submitted as per SEBI regulations.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 May - Q4FY25 revenue Rs 288.3cr, EBITDA Rs 12.16cr; new Telangana plant doubles capacity to 48,000 MTPA.
-
Update On Upcoming Odisha Plant Under Regulation 30 Of SEBI (LODR) Regulations, 2015
28 May - Unit III Odisha production delayed to end June 2025 due to electricity connection issues.
-
Intimation For Capacity Addition Under Regulation 30 Of SEBI (LODR) Regulations, 2015
28 May - ₹60 Cr capex approved, doubling Odisha plant capacity to 1,56,000 M.T. with new product lines, production by June 2025.
Annual reports
Concalls
-
Feb 2025TranscriptPPT
-
Nov 2024TranscriptPPTREC
-
Aug 2024TranscriptPPT
Business Overview:[1]
VSTL is in the business of manufacturing ERW black pipe, galvanised pipes, hollow section, primer painted pipes. The products find application in construction, domestic, agriculture and industrial sectors.