Arthneeti

Vibhor Steel Tubes Q2 FY27 Share Price & Earnings Call Analysis

₹103.97+0.14% today
Market cap
₹198 Cr
P/E
23.58
ROE
5.05%
PEG
-1.04
Price to sales
0.16
Debt to equity
0.98
52W high / low
₹138 / ₹94.3
Sales growth (5Y)
17.59%
EBITDA margin
3.74%
Net profit margin
0.85%
Promoter holding
74.96%
Sales (last year)
₹1,212 Cr

Incorporated in 2003, Vibhor Steel Tubes Ltd specializes in the production, export, and distribution of steel pipes and tubes[1]

Guidance scorecard · Q2 FY27 call

What Vibhor Steel's management guided
and where it ranks in Industrial Products

#76of 100 in
Industrial Products
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ1 FY27 call

20–40%
  • Q1 showed a 20% increase in turnover, with similar or higher growth expected in Q2 and beyond.
  • Monthly sales expected to increase by approximately 1,000 tons (~₹10 crore), targeting around 30% growth.
  • New galvanizing tank installation will allow expansion of galvanized pipe production from 12% to potentially 24-30% of sales.
  • Transmission line towers, crash barriers, poles, and monopoles are new product lines contributing to revenue and expected to grow steadily.
  • Capacity expansions planned, including a new plant in northern India to cater to increasing regional demand.
  • Orders and utilization at Jharsuguda plant are increasing rapidly, with utilization expected to rise significantly by FY27.

2 more points from Vibhor Steel's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Vibhor Steel said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned

Ask what Vibhor Steel said on capex →

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Vibhor Steel said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Mumbai order book: 6,500 tonnes total; 1,000 tonnes on hold; 5,000 tonnes already sold.
  • General sales: 8,000 to 9,000 tonnes.
  • Daily pipe orders: Around 100 tonnes arriving daily.
  • Hyderabad order book: 2,000 tonnes (average previously 1,000 - 1,200 tonnes).
  • Jharsuguda order book for pipe alone: 1,800 tonnes; dispatch done over 1,500 tonnes.
  • Transmission line towers: Nearly 2,000 tonnes order booking.
  • Poles: Approximately 250 tonnes order booking.

2 more points from Vibhor Steel's call on the order book

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Full Q1 FY27 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Vibhor Steel rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Vibhor Steel Tubes latest results (Jun 2026)

Revenue

₹294 Cr

+27.16% YoY

Net profit

₹2 Cr

-39% YoY

Operating margin

4.11%

EPS

₹1.02

What management said on the call →

Vibhor Steel Tubes shareholding (Sep 2026)

Promoters

74.95%

+0.21 pp QoQ

FIIs

0.03%

−0.12 pp QoQ

DIIs

0.00%

unchanged QoQ

Public

25.02%

−0.09 pp QoQ

Full shareholding pattern →Dividend history →

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹403 Cr12.8
240%+Up 0–2%₹1,158 Cr12.7
340%+Flat₹6,675 Cr74.6
440%+Flat₹6,247 Cr15.4
540%+Flat₹4,948 Cr25.0
640%+Flat₹4,816 Cr53.3

Sign up free to see every company in the sector ranking and track Vibhor Steel.

Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of Vibhor Steel

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Vibhor Steel

Shareholding breakup across reporting periods.

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +73.48%73.48%73.48%73.48%73.65%73.65%73.65%73.65%74.62%74.74%74.95%
FIIs +1.83%1.02%0.13%0.04%0.16%0.16%0.07%0.03%0.31%0.15%0.03%
DIIs +0.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public +23.79%25.50%26.40%26.48%26.18%26.18%26.29%26.32%25.07%25.11%25.02%
No. of Shareholders35,95534,03531,36830,29330,71229,86729,71928,62827,71127,07226,429

Financials of Vibhor Steel

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +250.34280.17251.01291.20224.75236.09247.25288.30230.96281.76301.50335.13293.69
YoY Sales growth-4.68%-10.22%-15.73%-1.50%-1.00%+2.76%+19.34%+21.94%+16.24%+27.16%
Expenses +241.51266.04238.26278.11215.76229.21237.62277.19220.80272.72292.60319.75281.62
Operating Profit8.8314.1312.7513.098.996.889.6311.1110.169.048.9015.3812.07
OPM %3.53%5.04%5.08%4.50%4.00%2.91%3.89%3.85%4.40%3.21%2.95%4.59%4.11%
Other Income +0.520.210.250.680.420.220.181.050.090.372.49-1.360.30
Interest3.125.634.804.523.002.842.562.813.683.774.464.023.93
Depreciation1.731.852.002.712.302.652.752.712.403.764.765.845.82
Profit before tax4.506.866.206.544.111.614.506.644.171.882.174.162.62
Tax %25.78%24.49%30.48%25.38%26.28%45.34%24.00%33.28%24.94%24.47%23.50%37.98%26.34%
Net Profit +3.345.184.314.893.020.893.434.443.141.421.662.571.93
EPS in Rs2.353.653.042.581.590.471.812.341.660.750.881.361.02

Financials of Vibhor Steel

Profit & Loss

Annual income statement trend

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +6005575118181,1131,0739961,1491,212
Sales growth-7%-8%+60%+36%-4%-7%+15%+21%
Expenses +5765284917881,0681,0249601,1061,167
Operating Profit243020304649364345
OPM %3.9%5%3.9%3.6%4.1%4.5%3.7%3.8%3.7%
Other Income +611012222
Interest1416991218111616
Depreciation777668101720
Profit before tax985152824171211
Tax %27%35%43%26%25%26%30%29%
Net Profit +6531121181298
EPS in Rs4.413.572.027.9914.869.346.214.644.01
Dividend Payout %0%0%0%0%0%0%0%0%

Financials of Vibhor Steel

Balance Sheet

Capital structure and asset base

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1414141414191919
Reserves4146485879159169178
Borrowings +13410477127152142171193
Other Liabilities +67433050486411449
Total Liabilities256207170249294383473439
Fixed Assets +62575250546969163
CWIP00000126820
Investments00000000
Other Assets +193151118199239302337256
Total Assets256207170249294383473439

Financials of Vibhor Steel

Cash Flows

Operating, investing and financing cash movement

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-93444-35763661
Cash from Investing Activity +-20110-4-16-42-58-70
Cash from Financing Activity +24-45-36441335166
Net Cash Flow-50865-1-5-3
Free Cash Flow-263243-38-4-27-211
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-28%123%233%-111%25%27%112%150%

Financials of Vibhor Steel

Ratios

Working capital efficiency and return ratios

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days4630312018172618
Inventory Days5964415043657844
Days Payable4228212115213610
Cash Conversion Cycle6366514946616952
Working Capital Days72221977262510
ROCE %13%9%14%18%15%8%8%

Guidance history

How Vibhor Steel's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned—Rising
Q3 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →20–40%Up 0–2%Planned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Vibhor Steel Tubes: frequently asked questions

What is Vibhor Steel Tubes share price today?

Vibhor Steel Tubes last traded at ₹103.97, with a market capitalisation of ₹198 Cr and a P/E ratio of 23.6.

What were Vibhor Steel Tubes's latest quarterly results?

For the quarter ended Jun 2026, Vibhor Steel Tubes reported revenue of ₹294 Cr (+27.16% year on year) and net profit of ₹2 Cr, with an operating margin of 4.11%.

Is Vibhor Steel Tubes's profit growing?

Net profit was ₹2 Cr in Jun 2026 against ₹3 Cr in Jun 2025, a change of -39%.

What is Vibhor Steel Tubes's EPS?

Vibhor Steel Tubes's earnings per share for the quarter ended Jun 2026 was ₹1.02.

What is the promoter holding in Vibhor Steel Tubes?

Promoters held 74.95% of Vibhor Steel Tubes in Sep 2026 (+0.21 pp versus Jun 2026).

How much do FIIs and DIIs hold in Vibhor Steel Tubes?

In Sep 2026, foreign institutional investors held 0.03% and domestic institutions (including mutual funds) held 0.00% of Vibhor Steel Tubes.

What is Vibhor Steel Tubes's ROE and ROCE?

Vibhor Steel Tubes's return on equity is 5.05% and its return on capital employed is 7.92%.

Does Vibhor Steel Tubes pay a dividend?

Vibhor Steel Tubes's dividend yield is 0% at the current price; see the Vibhor Steel Tubes dividends page for past payouts.

Which sector does Vibhor Steel Tubes belong to?

Vibhor Steel Tubes is in the Industrial Products sector. Its peer comparison and sector ranking are on this page.

What did Vibhor Steel Tubes's management say on the latest earnings call?

Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from Vibhor Steel Tubes's management.

How does Arthneeti AI analyse Vibhor Steel Tubes?

Arthneeti reads Vibhor Steel Tubes's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.

Continue your research

What Vibhor Steel's management said in earlier quarters

Earlier calls (3)

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