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Sambhv Steel Tubes Ltd

Q1 FY26Industrial Products

Sambhv Steel Tubes Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹129
Market cap₹3.6K Cr
P/E21.4
Updated23 Aug 2026
Read4 min read

The short version

Sambhv Steel Tubes aims to expand total finished product capacity to 1.2 million tons through a three-phase project, with phase one (commissioning by FY 2027 end) adding 180,000 tons each of ERW pipes/tubes and stainless steel capacity. Management aspires to maintain the current Q1 EBITDA margin of around 13% going forward into FY26 and beyond.

From Sambhv Steel Tubes Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Sambhv Steel Tubes aims to expand total finished product capacity to 1.2 million tons through a three-phase project, with phase one (commissioning by FY 2027 end) adding 180,000 tons each of ERW pipes/tubes and stainless steel capacity.
  • Revenue mix is expected to shift to approximately 50% stainless steel and 50% ERW pipes/galvanized products post phase one.
  • The stainless steel segment is poised for growth due to rising domestic demand and import restrictions benefiting domestic players.
  • The company targets maintaining EBITDA margins around 12%-13% with EBITDA per ton above INR 8,000 after capacity ramp-up.

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Profitability & Margins

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Capital Expenditure Plans

  • Sambhv Steel Tubes is executing a capacity expansion project of 1.2 million tons of finished products in three phases.
  • Phase 1, targeted for completion by FY 2027, includes:
  • 180,000 tons of pipes and tubes capacity (fully backward and forward integrated).
  • 180,000 tons of stainless steel production capacity (fully backward and forward integrated).
  • Total capacity will increase from the current 510,000 tons to 586,000 tons by Q4 FY 2026 with expansion in stainless steel and galvanized coil units.
  • Capex phasing: Around 30%-40% of total capex to be spent in FY 2026 and 60%-65% in FY 2027.
  • The company has already made advances for long lead items like turbines and Air Cooled Condensers (ACCs).

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript provided does not explicitly mention the current or expected order book or pending orders for Sambhv Steel Tubes Limited. However, relevant insights can be inferred: - The company is optimistic about demand and expects to maintain or achieve flat sales volume similar to Q1 in Q2, despite monsoon seasonality. - The business benefits from strong distributor relationships and customized product offerings with quick delivery (5-6 days), which supports steady order inflow. - Capacity expansion plans (phase one of Unit 3) include 180,000 tons for pipes and tubes and 180,000 tons for stainless steel, indicating expected increase in order intake.

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Sambhv Steel Tubes Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹685 Cr, net profit ₹56 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Sambhv Steel Tubes Ltd Q1 FY26 results?

Sambhv Steel Tubes aims to expand total finished product capacity to 1.2 million tons through a three-phase project, with phase one (commissioning by FY 2027 end) adding 180,000 tons each of ERW pipes/tubes and stainless steel capacity. Management aspires to maintain the current Q1 EBITDA margin of around 13% going forward into FY26 and beyond.

What is Sambhv Steel Tubes Ltd share price analysis?

Sambhv Steel Tubes Ltd currently shows a neutral. The stock trades at a P/E of 21.4 with a market cap of ₹3,567 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sambhv Steel Tubes Ltd planning capital expenditure?

Sambhv Steel Tubes is executing a capacity expansion project of 1.2 million tons of finished products in three phases.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.