Vibhor Steel Tubes Ltd

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

Vibhor Steel Tubes Ltd

₹ 147 2.37%
05 Mar 9:27 a.m.
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 ₹ 279 Cr.
  • Current Price ₹ 147
  • High / Low ₹ 333 / 140
  • Stock P/E 22.8
  • Book Value ₹ 95.0
  • Dividend Yield 0.00 %
  • ROCE 14.9 %
  • ROE 13.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 23.2% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Sector: Steel Industry: Steel - Medium / Small

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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
305.49 250.34 280.17 251.01 291.20 224.75 236.09 247.25
294.75 241.51 266.04 238.26 278.11 215.76 229.21 237.62
Operating Profit 10.74 8.83 14.13 12.75 13.09 8.99 6.88 9.63
OPM % 3.52% 3.53% 5.04% 5.08% 4.50% 4.00% 2.91% 3.89%
0.85 0.52 0.21 0.25 0.68 0.42 0.22 0.18
Interest 3.72 3.12 5.63 4.80 4.52 3.00 2.84 2.56
Depreciation 1.62 1.73 1.85 2.00 2.71 2.30 2.65 2.75
Profit before tax 6.25 4.50 6.86 6.20 6.54 4.11 1.61 4.50
Tax % 28.64% 25.78% 24.49% 30.48% 25.38% 26.28% 45.34% 24.00%
4.46 3.34 5.18 4.31 4.89 3.02 0.89 3.43
EPS in Rs 3.14 2.35 3.65 3.04 2.58 1.59 0.47 1.81
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
600 557 511 818 1,113 1,073 999
576 528 491 788 1,068 1,024 961
Operating Profit 24 30 20 30 46 49 39
OPM % 4% 5% 4% 4% 4% 5% 4%
6 1 1 0 1 2 2
Interest 14 16 9 9 12 18 13
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%
6 5 3 11 21 18 12
EPS in Rs 4.41 3.57 2.02 7.99 14.86 9.34 6.45
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 28%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 83%
TTM: -29%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -54%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 18%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 14 14 14 19 19
Reserves 41 46 48 58 79 159 161
134 104 77 127 152 142 135
67 43 30 50 48 64 84
Total Liabilities 256 207 170 249 294 383 399
62 57 52 50 54 69 71
CWIP 0 0 0 0 0 12 37
Investments 0 0 0 0 0 0 0
193 151 118 199 239 302 291
Total Assets 256 207 170 249 294 383 399

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-9 34 44 -35 7 6
-20 11 0 -4 -16 -44
24 -45 -36 44 13 37
Net Cash Flow -5 0 8 6 5 -1

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 46 30 31 20 18 17
Inventory Days 59 64 41 50 43 65
Days Payable 42 28 21 21 15 21
Cash Conversion Cycle 63 66 51 49 46 61
Working Capital Days 72 65 52 57 53 67
ROCE % 13% 9% 14% 18% 15%

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024Dec 2024
73.48% 73.48% 73.48% 73.48%
1.83% 1.02% 0.13% 0.04%
0.90% 0.00% 0.00% 0.00%
23.79% 25.50% 26.40% 26.48%
No. of Shareholders 35,95534,03531,36830,293

* 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

Announcements

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Credit ratings

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