Vibhor Steel Tubes Ltd

Vibhor Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vibhor Steel Tubes Ltd

₹ 118 1.36%
09 Jun - close price
vstlindia.com BSE: 544124 NSE: VSTL
About

Incorporated in 2003, Vibhor Steel Tubes
Ltd specializes in the production, export,
and distribution of steel pipes and tubes[1]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 230 Cr.
  • Current Price ₹ 118
  • High / Low ₹ 207 / 101
  • Stock P/E 23.7
  • Book Value ₹ 104
  • Dividend Yield 0.00 %
  • ROCE 7.92 %
  • ROE 5.05 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 1.14 times its book value
  • Promoter holding has increased by 0.96% over last quarter.
  • Company's working capital requirements have reduced from 20.2 days to 10.1 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.61% over last 3 years.

* 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

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
305.49 250.34 280.17 251.01 291.20 224.75 236.09 247.25 288.30 230.96 281.76 301.50 335.13
294.75 241.51 266.04 238.26 278.11 215.76 229.21 237.62 277.19 220.80 272.72 292.60 319.75
Operating Profit 10.74 8.83 14.13 12.75 13.09 8.99 6.88 9.63 11.11 10.16 9.04 8.90 15.38
OPM % 3.52% 3.53% 5.04% 5.08% 4.50% 4.00% 2.91% 3.89% 3.85% 4.40% 3.21% 2.95% 4.59%
0.85 0.52 0.21 0.25 0.68 0.42 0.22 0.18 1.05 0.09 0.37 2.49 -1.36
Interest 3.72 3.12 5.63 4.80 4.52 3.00 2.84 2.56 2.81 3.68 3.77 4.46 4.02
Depreciation 1.62 1.73 1.85 2.00 2.71 2.30 2.65 2.75 2.71 2.40 3.76 4.76 5.84
Profit before tax 6.25 4.50 6.86 6.20 6.54 4.11 1.61 4.50 6.64 4.17 1.88 2.17 4.16
Tax % 28.64% 25.78% 24.49% 30.48% 25.38% 26.28% 45.34% 24.00% 33.28% 24.94% 24.47% 23.50% 37.98%
4.46 3.34 5.18 4.31 4.89 3.02 0.89 3.43 4.44 3.14 1.42 1.66 2.57
EPS in Rs 3.14 2.35 3.65 3.04 2.58 1.59 0.47 1.81 2.34 1.66 0.75 0.88 1.36
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
600 557 511 818 1,113 1,073 996 1,149
576 528 491 788 1,068 1,024 960 1,106
Operating Profit 24 30 20 30 46 49 37 43
OPM % 4% 5% 4% 4% 4% 5% 4% 4%
6 1 1 0 1 2 2 2
Interest 14 16 9 9 12 18 11 16
Depreciation 7 7 7 6 6 8 10 17
Profit before tax 9 8 5 15 28 24 17 12
Tax % 27% 35% 43% 26% 25% 26% 30% 29%
6 5 3 11 21 18 12 9
EPS in Rs 4.41 3.57 2.02 7.99 14.86 9.34 6.21 4.64
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 1%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: -23%
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -25%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 8%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 14 14 14 14 14 19 19 19
Reserves 41 46 48 58 79 159 169 178
134 104 77 127 152 142 171 193
67 43 30 50 48 64 114 49
Total Liabilities 256 207 170 249 294 383 473 439
62 57 52 50 54 69 69 163
CWIP 0 0 0 0 0 12 68 20
Investments 0 0 0 0 0 0 0 0
193 151 118 199 239 302 337 256
Total Assets 256 207 170 249 294 383 473 439

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-9 34 44 -35 7 6 36 61
-20 11 0 -4 -16 -42 -58 -70
24 -45 -36 44 13 35 16 6
Net Cash Flow -5 0 8 6 5 -1 -5 -3
Free Cash Flow -26 32 43 -38 -4 -27 -21 -3
CFO/OP -28% 123% 233% -111% 25% 27% 111% 150%

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 46 30 31 20 18 17 26 18
Inventory Days 59 64 41 50 43 65 78 44
Days Payable 42 28 21 21 15 21 36 10
Cash Conversion Cycle 63 66 51 49 46 61 69 52
Working Capital Days 72 22 19 7 7 26 25 10
ROCE % 13% 9% 14% 18% 15% 8% 8%

Insights

In beta
Mar 2006 Mar 2007 Mar 2011 Mar 2013 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Total Installed Capacity
MTPA

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Capacity Utilization
%
Production Volume
MT
Team Size
Employees
Export Presence (Number of Countries)
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

19 Recently
Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
73.48% 73.48% 73.48% 73.48% 73.65% 73.65% 73.65% 73.65% 74.62%
1.83% 1.02% 0.13% 0.04% 0.16% 0.16% 0.07% 0.03% 0.31%
0.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
23.79% 25.50% 26.40% 26.48% 26.18% 26.18% 26.29% 26.32% 25.07%
No. of Shareholders 35,95534,03531,36830,29330,71229,86729,71928,62827,711

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Credit ratings

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