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Sambhv Steel

Q3 FY26Industrial Products

Sambhv Steel Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹129
Market cap₹3.8K Cr
P/E22.9
Updated26 Aug 2026
Read5 min read

The short version

Targeting commercialization of Stage 1 expansion by Q4 next year, with numbers reflecting from Q1 FY’28. For FY26, the company is confident of achieving an operating EBITDA of around INR 260 crores at the enterprise level with a blended EBITDA per ton of approximately INR 7,000.

From Sambhv Steel's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • Targeting commercialization of Stage 1 expansion by Q4 next year, with numbers reflecting from Q1 FY’28.
  • Expecting Q4 FY26 blended EBITDA per ton of INR 7,500 and overall FY26 EBITDA per ton around INR 7,000.
  • Projected sales volume for Q4 FY26 between 1 to 1.5 lakh tons (blended).
  • Brownfield and greenfield expansions to significantly increase stainless steel capacity from 1,00,000 to 3,50,000 tons.
  • Growth focus on stainless steel seamless pipes addressing unserved high-diameter imports.
  • Marketing efforts intensifying in West, Central, and North India; proactive expansion planned in Northeast and North regions.

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Profitability & Margins

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Capital Expenditure Plans

  • Sambhv Steel Tubes Limited is undertaking a major capex for the Greenfield stainless steel expansion (Stage 1) with an estimated cost of INR 930-940 crores, of which INR 250 crores has been incurred as of December; remaining INR 700 crores planned over next 12 months.
  • Funding for this includes INR 600-650 crores from long-term debt and approximately INR 300 crores from internal accruals.
  • Separate capex will be announced for stainless steel seamless pipe project, potentially as a JV, distinct from Stages 2 and 3.
  • Planning a 25-30 MW captive power plant for Sarora to reduce grid power dependence, with estimated capex of INR 125-150 crores.

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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 from the provided pages does not explicitly mention details about the current, expected order book, or pending orders for Sambhv Steel Tubes Limited. However, a few related points can be inferred: - The company is actively expanding capacity with brownfield (galvanized and stainless steel) and greenfield (stainless steel) projects aiming to enhance production and sales volumes, indicating healthy incoming demand. - MOUs and co-branding partnerships are in place with multiple locations (Raipur, Gwalior, Sambalpur, Jamshedpur) to boost sales, aiming to increase sales executed through MOU holders from 700-1,000 tons to 2,500 tons. - Marketing efforts and fabricator meets are ongoing to strengthen brand presence and create a market for additional capacity.

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Sambhv Steel — 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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  • Shubhshree Biofuels Energy Ltd (Q3 FY26)

    Revenue in H1 FY26: ₹9,604.6 Lakhs, a 24.1% year-on-year (YoY) increase from ₹7,736.4 Lakhs. Key investor presentation takeaways from Shubhshree Biofuels Energy

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Frequently Asked Questions

What were Sambhv Steel Q3 FY26 results?

Targeting commercialization of Stage 1 expansion by Q4 next year, with numbers reflecting from Q1 FY’28. For FY26, the company is confident of achieving an operating EBITDA of around INR 260 crores at the enterprise level with a blended EBITDA per ton of approximately INR 7,000.

What is Sambhv Steel share price analysis?

Sambhv Steel currently shows a neutral. The stock trades at a P/E of 22.9 with a market cap of ₹3,812 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sambhv Steel planning capital expenditure?

Sambhv Steel Tubes Limited is undertaking a major capex for the Greenfield stainless steel expansion (Stage 1) with an estimated cost of INR 930-940 crores, of which INR 250 crores has been incurred as of December; remaining INR 700 crores planned over next 12 months.

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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.