ALFA Finder| Revenue growth | 19% YoY growth driven by Odisha plant commissioning. |
|---|---|
| Margins | EBITDA steady at 3.83%; infrastructure products offer 2-4% higher margins. |
| Order book | Significant orders in Odisha (800t pipe, 600t barriers); Bombay at 2600t. |
| Demand visibility | Strong visibility from government infrastructure projects, roads, and power sectors. |
| Management confidence | Highly optimistic, particularly regarding infrastructure segment and Odisha's strategic location. |
Growth
Revenue surged 19% and PAT jumped 60% YoY. Growth is primarily volume-led by the new Odisha facility reaching 2,000-3,000 tons monthly.
Outlook
Targeting a 75:25 mix between pipes and high-margin miscellaneous products. Odisha plant aims for 30% utilization in Q4.
Risks
High sensitivity to raw steel price fluctuations. Significant reliance on the Odisha plant reaching 30% capacity utilization to maintain momentum.
Last quarter's promises, checked
Delivered
- Guided Odisha plant commissioning → delivered operational & 2000t+ dispatch (= BEAT)
- Guided diversification into crash barriers/towers → delivered product launches (= BEAT)
- Guided 3.85% EBITDA margin → delivered 3.83% (= BEAT)
Partly delivered
- Guided 50% capacity utilization → delivered ~50% with Odisha lagging (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: VSTL. Summary written with AI assistance from the document.
Vibhor Steel Tubes Ltd: key numbers
- Share price
- ₹105.50
- Market cap
- ₹200.1 Cr
- Revenue (annual)
- ₹1,149 Cr
- Net profit (annual)
- ₹8.79 Cr
- P/E (TTM)
- 26.4×Sector 17.1×
- Promoter holding
- 74.96%+0.22% QoQ
- FII holding
- 0.03%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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