Vibhor Steel Tubes Ltd - Stock Valuation and Financial Performance

BSE: 544124 | NSE: VSTL | Steel & Iron Products | Small Cap

Vibhor Steel Tubes Share Price

161.70 -2.35 -1.43%
as on 23-Apr'25 16:59

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Overall Rating
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality


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2. Valuation


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3. Price Trend


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Vibhor Steel Tubes stock performance -
161.70 -132.00-45.00% past year

Price Chart, Live Stock Chart, Technical Chart of
P/E Ratio (SA):
25.46
Market Cap:
311.1 Cr.
52-wk low:
125
52-wk high:
317.6

Is Vibhor Steel Tubes Ltd an attractive stock to invest in?


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10 Year X-Ray of Vibhor Steel Tubes: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vibhor Steel Tubes Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
ROCE %
9.9%14.4%18.2%15%-
Value Creation
Index
-0.30.00.30.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales
5108181,1131,073999
Sales YoY Gr.
-60.2%36.1%-3.6%-
Adj EPS
0.48.214.99.46.4
YoY Gr.
-2044.7%82.2%-36.8%-
BVPS (₹)
42.750.865.793.896.9
Adj Net
Profit
0.511.621.117.812
Cash Flow from Ops.
45.4-34.675.9-
Debt/CF from Ops.
1.6-3.721.724-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA28.1%-3.6%
Adj EPS NANA191.3%-36.8%
BVPSNANA30%42.7%
Share Price - - - -44.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0.917.525.513.16.8
Op. Profit
Mgn %
3.73.64.14.63.9
Net Profit
Mgn %
0.11.41.91.71.2
Debt to
Equity
1.21.81.60.8-
Working Cap
Days
063648447
Cash Conv.
Cycle
035395116

Recent Performance Summary

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Latest Financials - Vibhor Steel Tubes Ltd.

Standalone Consolidated
TTM EPS (₹) 6.4 -
TTM Sales (₹ Cr.) 999 -
BVPS (₹.) 96.9 -
Reserves (₹ Cr.) 165 -
P/BV 1.69 -
PE 25.46 -
From the Market
52 Week Low / High (₹) 125.00 / 317.60
All Time Low / High (₹) 125.00 / 442.00
Market Cap (₹ Cr.) 311
Equity (₹ Cr.) 19
Face Value (₹) 10
Industry PE 23.2

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 10 119.610 208.69.9 179.49.9 142.3
Adj EPS (₹) -0.3 N/A-0.3 N/A-0.3 N/A-4 N/A
Op. Profit Mgn % 32.95 5403 bps33.39 2579 bps28.74 4105 bps33.35 2053 bps
Net Profit Mgn % -54.35 16849 bps-53.83 22942 bps-58.90 19219 bps-750.94 -54720 bps

Management X-Ray of Vibhor Steel Tubes:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:73.66%Institutions:0.16%Non-Institutions:26.18%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Dec23Mar24Jun24Sep24Dec24Mar250%20%40%60%80%
Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Vibhor Steel Tubes

MRP
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MOS
spaceLock icon%
DP
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Base EPS
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DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Vibhor Steel Tubes

Adj EPS (Rs.)

Price Chart, Live Stock Chart, Technical Chart of

Sales (Cr.)

Price Chart, Live Stock Chart, Technical Chart of

ROE (%)

Price Chart, Live Stock Chart, Technical Chart of

ROCE (%)

Price Chart, Live Stock Chart, Technical Chart of
Company Name CMP(₹)
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Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
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Mukand 105.1 4.1 (4%) Small Cap 5,218 6.5 1.9 15.6 1.5
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Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Sales5108181,1131,073
Operating Expenses 4927891,0681,024
Manufacturing Costs19182733
Material Costs4547451,013959
Employee Cost 14151821
Other Costs 5111011
Operating Profit 19294649
Operating Profit Margin (%) 3.7%3.6%4.1%4.5%
Other Income 1112
Interest 991218
Depreciation 7668
Exceptional Items 0000
Profit Before Tax 4152824
Tax 3476
Profit After Tax 1112118
PAT Margin (%) 0.1%1.4%1.9%1.7%
Adjusted EPS (₹)0.58.014.99.3
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 607293178
Share Capital 14141419
Reserves 465879159
Minority Interest0000
Debt70124150135
Long Term Debt8141419
Short Term Debt63110137115
Trade Payables33434256
Others Liabilities 910814
Total Liabilities 173249294383

Fixed Assets

Gross Block9195105128
Accumulated Depreciation39455159
Net Fixed Assets52505469
CWIP 00012
Investments 0000
Inventories51101120171
Trade Receivables39455451
Cash Equivalents 15212624
Others Assets15323956
Total Assets 173249294383

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 45-3576
PBT 4152824
Adjustment 16141825
Changes in Working Capital 28-63-35-36
Tax Paid -3-2-4-7
Cash Flow From Investing Activity -1-4-16-44
Capex -2-4-11-32
Net Investments 0000
Others 10-5-12
Cash Flow From Financing Activity -36441337
Net Proceeds from Shares 00072
Net Proceeds from Borrowing -277-16
Interest Paid -9-9-12-18
Dividend Paid 0000
Others 04626-23
Net Cash Flow 865-1
PARTICULARSMar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)1.1417.1125.5113.08
ROCE (%)9.914.4218.2114.95
Asset Turnover Ratio2.953.884.113.17
PAT to CFO Conversion(x)45-3.180.330.33
Working Capital Days
Receivable Days28191618
Inventory Days37343650
Payable Days26191519

Vibhor Steel Tubes Ltd Stock News

Vibhor Steel Tubes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vibhor Steel Tubes on 23-Apr-2025 16:59 is ₹161.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Apr-2025 16:59 the market cap of Vibhor Steel Tubes stood at ₹311.1.
The latest P/E ratio of Vibhor Steel Tubes as of 23-Apr-2025 16:59 is 25.46.
The latest P/B ratio of Vibhor Steel Tubes as of 23-Apr-2025 16:59 is 1.69.
The 52-week high of Vibhor Steel Tubes is ₹317.6 and the 52-week low is ₹125.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vibhor Steel Tubes is ₹999.3 ( Cr.) .

About Vibhor Steel Tubes Ltd

Vibhor Steel Tubes Limited was originally incorporatedas ‘Vibhor Steel Tubes Private Limited’ a private limited company under the Companies Act, 1956 at, pursuant to a certificate of incorporation dated April 16, 2003 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter, the Company was converted from private to public company, pursuant to a special resolution passed by the shareholders of the Company on June 14, 2023 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi (RoC) on July 07, 2023.

The company is manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. It is 2 decades old manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India. Steel pipes and tubes can be used for many purposes such as steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc. 

The company has a very wide range of steel pipes and tubes products. The lengths of the steel pipes & tubes in different ranges unless otherwise specified by the customers. It manufactures steel pipes and tubes in various shapes and sizes such square, round, rectangular and elliptical or any special shape. The company is working with Jindal Pipes Limited since 2003. It manufactures & supplies the finished goods for ‘Jindal Pipes Limited’ (“Jindal”) vide the renewed agreement dated April 01, 2023 under the brand name ‘Jindal Star’. 

Business area of the company

The company is engaged in the business of manufacturing of ERW Pipes & Tubes, Galvanized Pipes & Tubes and Crash Barriers.

Products of the company

  • ERW (Electric Resistance Welded) pipes
  • Hot-dipped galvanized pipes
  • Hollow sections tubes
  • Crash barrier

History and milestones

  • 2003: The Company was incorporated as ‘Vibhor Steel Tubes Limited’.
  • 2004: Mills were made operative with production capacity of 25,000 MTPAin unit I.
  • 2007: Capacity doubled to 60,000 MTPA.
  • 2008: New factory unit I having 8 mill & a new galvanized line was set up.
  • 2011: Company manufactured 90,000 MTPA with helpof advanced tube mill imported from Australia and state of the art slitting line from USA.
  • 2013: Started exporting to Egypt.
  • 2017: Factory set up in Telangana with capacity of 96,000 MTPA (Unit -II).
  • 2018: Size 12” Tube mill has been started at Telangana Unit in the year 2018 and its Unit-II has executed turnover Rs 113.00 crore.
  • 2019: Company has achieved a Turnover of more than Rs 500 crore.
  • 2022: Company has added a ware house in Hisar, Haryana.
  • 2022: Company has achieved a Turnover of more than Rs 800 crores and its profit has also increased to Rs 11.48 crore. 
  • 2023: Company has achieved a Turnover of more than Rs 1,100 crore and its profit has also increased by more than 80%. 
  • 2023: Company has added the production of two new products i.e., Square Pipe and crash barriers.
  • 2023: Conversion of Company from Private to Public under the Companies Act, 2013.
  • 2023: Company has acquired the land in Orrisa for setting up a new plant (Unit -III).

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