About
Vibhor Steel Tubes Limited engages in the production and distribution of steel pipes and tubes for the heavy engineering sectors in India and internationally. The company offers electric resistance welded black pipes for water transport, oil, gas, and other nontoxic applications; hot-dipped galvanized pipes for agriculture and infrastructure; hollow section pipes/tubes in square and rectangular configurations; primer-painted pipes for enhanced protection and aesthetics; crash barriers for railway, highway, and road safety applications; transmission line towers; high mast lighting poles; octagonal poles; and monopoles. It serves the aerospace, shipbuilding, construction, power plant, oil and gas, and refinery industries. The company exports its products to approximately 8 countries. Vibhor Steel Tubes Limited was incorporated in 2003 and is based in Hisar, India.
Key Metrics
as of Sep 2026Market Cap226 Cr
P/E—
Div Yield0.00 %
Book Value—
52w High₹168.00
52w Low₹101.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 293.69 | 335.13 | 301.50 | 281.76 | 230.96 | 288.30 | 247.25 | 236.09 | 224.75 | 291.20 | 251.01 | 280.17 | 250.34 |
| Expenses | 281.62 | 319.75 | 292.60 | 272.72 | 220.80 | 277.19 | 237.62 | 229.21 | 215.76 | 278.11 | 238.26 | 266.04 | 241.51 |
| Operating Profit | 12.07 | 15.38 | 8.90 | 9.04 | 10.16 | 11.11 | 9.63 | 6.88 | 8.99 | 13.09 | 12.75 | 14.13 | 8.83 |
| OPM % | 4.11 | 4.59 | 2.95 | 3.21 | 4.40 | 3.85 | 3.89 | 2.91 | 4.00 | 4.50 | 5.08 | 5.04 | 3.53 |
| Other Income | 0.30 | -1.36 | 2.49 | 0.37 | 0.09 | 1.05 | 0.18 | 0.22 | 0.42 | 0.68 | 0.25 | 0.21 | 0.52 |
| Depreciation | 5.82 | 5.84 | 4.76 | 3.76 | 2.40 | 2.71 | 2.75 | 2.65 | 2.30 | 2.71 | 2.00 | 1.85 | 1.73 |
| Interest | 3.93 | 4.02 | 4.46 | 3.77 | 3.68 | 2.81 | 2.56 | 2.84 | 3.00 | 4.52 | 4.80 | 5.63 | 3.12 |
| Profit before tax | 2.62 | 4.16 | 2.17 | 1.88 | 4.17 | 6.64 | 4.50 | 1.61 | 4.11 | 6.54 | 6.20 | 6.86 | 4.50 |
| Tax % | 26.34 | 37.98 | 23.50 | 24.47 | 24.94 | 33.28 | 24.00 | 45.34 | 26.28 | 25.38 | 30.48 | 24.49 | 25.78 |
| Net Profit | 1.93 | 2.57 | 1.66 | 1.42 | 3.14 | 4.44 | 3.43 | 0.89 | 3.02 | 4.89 | 4.31 | 5.18 | 3.34 |
| EPS in Rs | 1.02 | 1.36 | 0.88 | 0.75 | 1.66 | 2.34 | 1.81 | 0.47 | 1.59 | 2.58 | 3.04 | 3.65 | 2.35 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,149.00 | 996.00 | 1,073.00 | 1,113.00 | 818.00 | 511.00 | 557.00 | 600.00 |
| Expenses | 1,106.00 | 960.00 | 1,024.00 | 1,068.00 | 788.00 | 491.00 | 528.00 | 576.00 |
| Operating Profit | 43.00 | 36.00 | 49.00 | 46.00 | 30.00 | 20.00 | 30.00 | 24.00 |
| OPM % | 3.80 | 3.70 | 4.50 | 4.10 | 3.60 | 3.90 | 5.00 | 3.90 |
| Other Income | 2.00 | 2.00 | 2.00 | 1.00 | 0.00 | 1.00 | 1.00 | 6.00 |
| Interest | 16.00 | 11.00 | 18.00 | 12.00 | 9.00 | 9.00 | 16.00 | 14.00 |
| Depreciation | 17.00 | 10.00 | 8.00 | 6.00 | 6.00 | 7.00 | 7.00 | 7.00 |
| Profit before tax | 12.00 | 17.00 | 24.00 | 28.00 | 15.00 | 5.00 | 8.00 | 9.00 |
| Tax % | 29.00 | 30.00 | 26.00 | 25.00 | 26.00 | 43.00 | 35.00 | 27.00 |
| Net Profit | 9.00 | 12.00 | 18.00 | 21.00 | 11.00 | 3.00 | 5.00 | 6.00 |
| EPS in Rs | 4.64 | 6.21 | 9.34 | 14.86 | 7.99 | 2.02 | 3.57 | 4.41 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19.00 | 19.00 | 19.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 |
| Reserves | 178.00 | 169.00 | 159.00 | 79.00 | 58.00 | 48.00 | 46.00 | 41.00 |
| Borrowings | 193.00 | 171.00 | 142.00 | 152.00 | 127.00 | 77.00 | 104.00 | 134.00 |
| Other Liabilities | 49.00 | 114.00 | 64.00 | 48.00 | 50.00 | 30.00 | 43.00 | 67.00 |
| Total Liabilities | 439.00 | 473.00 | 383.00 | 294.00 | 249.00 | 170.00 | 207.00 | 256.00 |
| Fixed Assets | 163.00 | 69.00 | 69.00 | 54.00 | 50.00 | 52.00 | 57.00 | 62.00 |
| CWIP | 20.00 | 68.00 | 12.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 256.00 | 337.00 | 302.00 | 239.00 | 199.00 | 118.00 | 151.00 | 193.00 |
| Total Assets | 439.00 | 473.00 | 383.00 | 294.00 | 249.00 | 170.00 | 207.00 | 256.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 61.00 | 36.00 | 6.00 | 7.00 | -35.00 | 44.00 | 34.00 | -9.00 |
| Cash from Investing Activity | -70.00 | -58.00 | -42.00 | -16.00 | -4.00 | 0.00 | 11.00 | -20.00 |
| Cash from Financing Activity | 6.00 | 16.00 | 35.00 | 13.00 | 44.00 | -36.00 | -45.00 | 24.00 |
| Net Cash Flow | -3.00 | -5.00 | -1.00 | 5.00 | 6.00 | 8.00 | 0.00 | -5.00 |
| Free Cash Flow | 1.00 | -21.00 | -27.00 | -4.00 | -38.00 | 43.00 | 32.00 | -26.00 |
| CFO/OP % | 150.00 | 112.00 | 27.00 | 25.00 | -111.00 | 233.00 | 123.00 | -28.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18.00 | 26.00 | 17.00 | 18.00 | 20.00 | 31.00 | 30.00 | 46.00 |
| Inventory Days | 44.00 | 78.00 | 65.00 | 43.00 | 50.00 | 41.00 | 64.00 | 59.00 |
| Days Payable | 10.00 | 36.00 | 21.00 | 15.00 | 21.00 | 21.00 | 28.00 | 42.00 |
| Cash Conversion Cycle | 52.00 | 69.00 | 61.00 | 46.00 | 49.00 | 51.00 | 66.00 | 63.00 |
| Working Capital Days | 10.00 | 25.00 | 26.00 | 7.00 | 7.00 | 19.00 | 22.00 | 72.00 |
| ROCE % | 8.00 | 8.00 | 15.00 | 18.00 | 14.00 | 9.00 | 13.00 | — |
Corporate Actions
1 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 19 Sep 2024 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update17 Apr from crisil
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Rating update31 Mar from crisil
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Rating update11 Mar from care
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Rating update13 Feb 2025 from care
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Rating update3 Jan 2024 from care