Vibhor Steel Tubes
Vibhor Steel Tubes (VSTL) share price was ₹96.03 at the 28 Oct 2026 close; market capitalisation ₹182 Cr; P/E (TTM) 23.95; sector Industrial Products. The share price fell 33.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 27.2% year on year to ₹293.69 Cr and net profit fell 38.5% year on year to ₹1.93 Cr (compared with Jun 2025). Promoters held 74.96% of Vibhor Steel Tubes in Sep 2026, up 0.22 percentage points from Jun 2026. Its Tapetide Score is 49/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM
Peer Comparison
Industrials › Industrial Products › Iron & Steel Products
| ₹2,564.30 | 29.29 | 67,644 Cr | 7.39 | 0.20% | 17.23% | 19.52% | 18,378 Cr | 2,319 Cr | |
| ₹2,165.30 | 48.91 | 60,121 Cr | 10.47 | 0.38% | 22.71% | 28.21% | 24,268 Cr | 1,229 Cr | |
| ₹1,144.70 | 28.45 | 31,952 Cr | 2.77 | 0.16% | 8.58% | 12.95% | 19,781 Cr | 1,121 Cr | |
| ₹2,310.00 | 37.41 | 16,191 Cr | 3.94 | 0.43% | 12.70% | 16.32% | 4,431 Cr | 514 Cr | |
| ₹241.05 | 28.09 | 15,415 Cr | 1.22 | 0.82% | 7.53% | 10.94% | 18,622 Cr | 498 Cr | |
| ₹464.10 | 27.89 | 14,143 Cr | 4.28 | 0.78% | 14.88% | 18.75% | 3,918 Cr | 508 Cr | |
| ₹537.20 | 29.73 | 12,962 Cr | 3.72 | 0.37% | 14.60% | 17.99% | 4,646 Cr | 436 Cr | |
| Vibhor Steel Tubes (this company) | ₹96.03 | 23.95 | 182 Cr | 0.92 | 0.00% | 4.46% | 11.28% | 294 Cr | 8 Cr |
| Median 8 companies | ₹840.95 | 28.87 | 15,803 Cr | 3.83 | 0.38% | 13.65% | 17.16% | 11,512 Cr | 511 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
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Category scores
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Key Insights
Strengths
2- Stock is trading at 0.97 times its book value
- Company's working capital requirements have reduced from 20.2 days to 10.1 days
Weaknesses
3- 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 7.56% over last 3 years.
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 4.11% · Jun 2026
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 250 | 280 | 251 | 291 | 225 | 236 | 247 | 288 | 231 | 282 | 302 | 335 | 294 |
| Expenses | 242 | 266 | 238 | 278 | 216 | 229 | 238 | 277 | 221 | 273 | 293 | 320 | 282 |
| Operating Profit | 8.83 | 14.13 | 12.75 | 13.09 | 8.99 | 6.88 | 9.63 | 11.11 | 10.16 | 9.04 | 8.9 | 15.38 | 12.07 |
| OPM % | 3.53% | 5.04% | 5.08% | 4.5% | 4% | 2.91% | 3.89% | 3.85% | 4.4% | 3.21% | 2.95% | 4.59% | 4.11% |
| Other Income | 0.52 | 0.21 | 0.25 | 0.68 | 0.42 | 0.22 | 0.18 | 1.05 | 0.09 | 0.37 | 2.49 | -1.36 | 0.3 |
| Interest | 3.12 | 5.63 | 4.8 | 4.52 | 3 | 2.84 | 2.56 | 2.81 | 3.68 | 3.77 | 4.46 | 4.02 | 3.93 |
| Depreciation | 1.73 | 1.85 | 2 | 2.71 | 2.3 | 2.65 | 2.75 | 2.71 | 2.4 | 3.76 | 4.76 | 5.84 | 5.82 |
| PBT | 4.5 | 6.86 | 6.2 | 6.54 | 4.11 | 1.61 | 4.5 | 6.64 | 4.17 | 1.88 | 2.17 | 4.16 | 2.62 |
| Tax % | 25.78% | 24.49% | 30.48% | 25.38% | 26.28% | 45.34% | 24% | 33.28% | 24.94% | 24.47% | 23.5% | 37.98% | 26.34% |
| Net Profit | 3.34 | 5.18 | 4.31 | 4.89 | 3.02 | 0.89 | 3.43 | 4.44 | 3.14 | 1.42 | 1.66 | 2.57 | 1.93 |
| EPS (₹) | 2.35 | 3.65 | 3.04 | 2.58 | 1.59 | 0.47 | 1.81 | 2.34 | 1.66 | 0.75 | 0.88 | 1.36 | 1.02 |
Profit & Loss
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 600 | 557 | 511 | 818 | 1,113 | 1,073 | 996 | 1,149 | 1,212 |
| Expenses | 576 | 528 | 491 | 788 | 1,068 | 1,024 | 960 | 1,106 | 1,167 |
| Operating Profit | 24 | 30 | 20 | 30 | 46 | 49 | 36 | 43 | 45 |
| OPM % | 3.9% | 5% | 3.9% | 3.6% | 4.1% | 4.5% | 3.7% | 3.8% | 3.7% |
| Other Income | 6 | 1 | 1 | 0 | 1 | 2 | 2 | 2 | 2 |
| Interest | 14 | 16 | 9 | 9 | 12 | 18 | 11 | 16 | 16 |
| Depreciation | 7 | 7 | 7 | 6 | 6 | 8 | 10 | 17 | 20 |
| PBT | 9 | 8 | 5 | 15 | 28 | 24 | 17 | 12 | 11 |
| Tax % | 27% | 35% | 43% | 26% | 25% | 26% | 30% | 29% | — |
| Net Profit | 6 | 5 | 3 | 11 | 21 | 18 | 12 | 9 | 8 |
| EPS (₹) | 4.41 | 3.57 | 2.02 | 7.99 | 14.86 | 9.34 | 6.21 | 4.64 | 4.01 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| Borrowings | 134 | 104 | 77 | 127 | 152 | 142 | 171 | 193 |
| Other Liabilities | 67 | 43 | 30 | 50 | 48 | 64 | 114 | 49 |
| Total Liabilities | 256 | 207 | 170 | 249 | 294 | 383 | 473 | 439 |
| Fixed Assets | 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 |
| Other Assets | 193 | 151 | 118 | 199 | 239 | 302 | 337 | 256 |
| Total Assets | 256 | 207 | 170 | 249 | 294 | 383 | 473 | 439 |
Cash Flow
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | -9 | 34 | 44 | -35 | 7 | 6 | 36 | 61 |
| Investing | -20 | 11 | 0 | -4 | -16 | -42 | -58 | -70 |
| Financing | 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 | 1 |
| CFO/OP | -28 | 123 | 233 | -111 | 25 | 27 | 112 | 150 |
Ratios
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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62 extracted metrics + investor summaries across FY19–FY27.
Documents
Frequently Asked Questions about Vibhor Steel Tubes
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Company Information
Incorporated in 2003, Vibhor Steel Tubes Ltd specializes in the production, export, and distribution of steel pipes and tubes[1]
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