| 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
- ₹113.76
- Market cap
- ₹215.7 Cr
- Revenue (annual)
- ₹1,149 Cr
- Net profit (annual)
- ₹8.79 Cr
- P/E (TTM)
- 28.4×Sector 19.0×
- 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.
More from Vibhor Steel Tubes Ltd
All →Vibhor Steel Tubes Annual General Meeting
Vibhor Steel Tubes Limited held its 23rd Annual General Meeting on September 16, 2026, to discuss financial statements and director remuneration.
Vibhor Steel Tubes Promoter Buying: ₹0.02 Cr
Promoter and Director Vijay Kumar Kaushik purchased 1,800 shares of Vibhor Steel Tubes Ltd for Rs. 2,07,193 via market purchase, increasing his stake marginally.
- Value
- ₹0.02 Cr
- Promoter stake change
- +0.01%
Vibhor Steel Tubes Promoter Buying: ₹0.05 Cr
Promoter Vijay Kumar Kaushik acquired 4,000 equity shares of Vibhor Steel Tubes Limited through the open market. The transaction increased his stake to 22.20%.
- Value
- ₹0.05 Cr
- Promoter stake change
- +0.02%
Vibhor Steel Tubes Promoter Buying: ₹0.06 Cr
Promoter Vijay Kumar Kaushik acquired 5,000 shares of Vibhor Steel Tubes Ltd via open market purchase. This transaction increases his stake from 22.15% to 22.18%.
- Value
- ₹0.06 Cr
- Promoter stake change
- +0.03%
Vibhor Steel Tubes Earnings Call Transcript: Key Takeaways
Vibhor Steel reported strong Q1 FY27 growth, driven by the commissioning of the Odisha plant. Management is aggressively pivoting toward higher-margin infrastructure products like crash barriers and transmission towers to diversify from core piping.
Vibhor Steel Tubes Q1 FY27 Results: Net Profit ₹1.9 Cr, Down 38.7% YoY
Vibhor Steel Tubes Ltd reported revenue from operations of ₹293.7 Cr (+27.1% YoY) and net profit of ₹1.9 Cr (-38.7% YoY) for Q1 FY27.
- Key figure
- Net profit ₹1.9 Cr · -38.7% YoY