| Management target | Revenue 50.0% FY28 |
|---|
| Margins | EBITDA margins supported by operational efficiencies at Odisha plant. |
|---|---|
| Order book | Stable annual volume commitment via Jindal Pipes partnership. |
| Demand visibility | Strong demand in roads, railways, and housing sectors. |
Growth
Revenue up 27.16% YoY to ₹293.69 Cr; EBITDA rose 20.57% to ₹12.37 Cr; PAT stood at ₹1.93 Cr.
Outlook
Targeting 50% revenue upside by FY28; shifting product mix from 90:10 to 75:25 GI Pipes vs others.
Risks
Raw material price volatility and high dependence on its partnership with Jindal Pipes for order flow.
Last quarter's promises, checked
Delivered
- Guided Odisha plant commissioning → Plant operational with 2000t dispatch (= BEAT)
- Targeted 3.85% EBITDA margin → Delivered 3.83% in H1FY26 (= BEAT)
- Guided 3,77,000 MT capacity → Capacity reached 3,77,000 MT (= BEAT)
Partly delivered
- Guided Odisha utilization 30% in Q4 → Current total utilization at 50% (= PARTIAL)
- Targeted Power Grid approval → First inspection done, final sanction pending (= PARTIAL)
Missed
- Targeted 75:25 product mix → Current mix remains 90:10 (= MISS)
Investor Presentation filed with BSE, NSE: VSTL. Summary written with AI assistance from the document.
Vibhor Steel Tubes Ltd: key numbers
- Share price
- ₹108.00
- Market cap
- ₹204.8 Cr
- Revenue (annual)
- ₹1,149 Cr
- Net profit (annual)
- ₹8.79 Cr
- P/E (TTM)
- 27.0×Sector 18.4×
- Promoter holding
- 74.74%+0.12% QoQ
- FII holding
- 0.15%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Execution
- Maximum 10 years