VMS TMT Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹213 Cr
- P/E
- 12.56
- ROE
- 13.96%
- PEG
- 0.18
- Price to sales
- 0.24
- Debt to equity
- 1.01
- 52W high / low
- ₹70.7 / ₹34.5
- Sales growth (5Y)
- 30.09%
- EBITDA margin
- 6.06%
- Net profit margin
- 2.51%
- Promoter holding
- 67.18%
- Sales (last year)
- ₹874 Cr
Incorporated in 2013, VMS TMT Limited is primarily engaged in the manufacturing of Thermo Mechanically Treated Bars.[1]
Guidance scorecard · Q1 FY27 call
What VMS TMT's management guided
and where it ranks in Industrial Products
RevenueQ1 FY27 call
10–20%- Sales growth expected at 10% to 15% annually.
- Both quantity and value of sales anticipated to improve by 10% to 15%.
- After the proposed amalgamation with Aditya Ultra Steel, combined capacity will increase to 3 lakh tons, strengthening market presence.
- Top line revenue target set above INR 2000 crores over the next 2 to 3 years.
- Focus on leveraging integrated manufacturing setup and expanding dealer network, especially in Gujarat.
- Improvement in capacity utilization and operational efficiencies expected to support volume growth.
2 more points from VMS TMT's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
FlatSee what VMS TMT said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company has commissioned a 15-megawatt captive solar power plant, with 12 MW operational as of August 7, 2026, and the remaining capacity expected to become operational within 1.5 months.
- Plans are underway to expand the solar power capacity further next year with a long-term target of 40 megawatts.
- The solar project aims to cover approximately 30% of current power requirements and is expected to save around INR 10 crores annually after loan repayments.
2 more points from VMS TMT's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
See what VMS TMT said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what VMS TMT said on the order book →
Full Q1 FY27 analysisRanges 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
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹448 Cr | 17.9 | |
| 2 | 40%+ | Up 2%+ | ₹413 Cr | 12.0 | |
| 3 | 40%+ | Up 2%+ | ₹324 Cr | 22.7 | |
| 4 | 40%+ | Up 0–2% | ₹1,496 Cr | 32.8 | |
| 5 | 40%+ | Up 0–2% | ₹1,079 Cr | 12.7 | |
| 6 | 40%+ | Flat | ₹827 Cr | 21.4 |
Sign up free to see every company in the sector ranking and track VMS TMT.
Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of VMS TMT
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of VMS TMT
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|
| Sales + | 212.26 | 183.06 | 202.13 |
| Expenses + | 192.77 | 170.98 | 184.98 |
| Operating Profit | 19.49 | 12.08 | 17.15 |
| OPM % | 9.18% | 6.60% | 8.48% |
| Other Income + | 1.13 | 0.14 | 0.38 |
| Interest | 6.71 | 6.90 | 5.30 |
| Depreciation | 2.43 | 2.50 | 2.56 |
| Profit before tax | 11.48 | 2.82 | 9.67 |
| Tax % | 25.35% | 24.82% | 16.96% |
| Net Profit + | 8.58 | 2.13 | 8.04 |
| EPS in Rs | 2.48 | 0.43 | 1.62 |
Financials of VMS TMT
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Sales + | 175 | 225 | 494 | 882 | 873 | 770 |
| Expenses + | 172 | 222 | 478 | 860 | 831 | 723 |
| Operating Profit | 3 | 3 | 16 | 22 | 41 | 47 |
| OPM % | 2% | 1% | 3% | 2% | 5% | 6% |
| Other Income + | 0 | -0 | 0 | 0 | 0 | 1 |
| Interest | 2 | 2 | 6 | 13 | 18 | 21 |
| Depreciation | 0 | 0 | 1 | 4 | 4 | 7 |
| Profit before tax | 1 | 1 | 9 | 6 | 19 | 19 |
| Tax % | 26% | 26% | 24% | 24% | 30% | 24% |
| Net Profit + | 1 | 1 | 7 | 4 | 13 | 15 |
| EPS in Rs | 0.92 | 0.76 | 6.95 | 3.33 | 10.10 | 4.26 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
Financials of VMS TMT
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 10 | 10 | 13 | 13 | 35 | 50 |
| Reserves | 1 | 2 | 9 | 18 | 33 | 39 | 183 |
| Borrowings + | 17 | 63 | 118 | 163 | 198 | 276 | 299 |
| Other Liabilities + | 3 | 5 | 21 | 33 | 40 | 63 | 52 |
| Total Liabilities | 27 | 79 | 158 | 227 | 284 | 412 | 584 |
| Fixed Assets + | 5 | 5 | 71 | 76 | 74 | 174 | 182 |
| CWIP | -0 | 49 | -0 | 4 | 52 | 0 | 1 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Other Assets + | 22 | 25 | 86 | 148 | 159 | 238 | 402 |
| Total Assets | 27 | 79 | 158 | 227 | 284 | 412 | 584 |
Financials of VMS TMT
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | 4 | -31 | -11 | 37 | -18 |
| Cash from Investing Activity + | 0 | -49 | -18 | -27 | -50 | -55 |
| Cash from Financing Activity + | -2 | 45 | 49 | 41 | 19 | 66 |
| Net Cash Flow | -0 | -0 | -0 | 2 | 6 | -7 |
| Free Cash Flow | 2 | -46 | -49 | -23 | -13 | -74 |
| CFO/OP | 83% | 150% | -191% | -52% | 90% | -29% |
Financials of VMS TMT
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 45 | 28 | 24 | 4 | 7 | 12 |
| Inventory Days | -0 | 2 | 36 | 49 | 52 | 88 |
| Days Payable | 0 | 6 | 13 | 6 | 24 | |
| Cash Conversion Cycle | 45 | 30 | 53 | 40 | 53 | 76 |
| Working Capital Days | 5 | 13 | 15 | 13 | 3 | 7 |
| ROCE % | 5% | 14% | 11% | 17% | 14% |
Guidance history
How VMS TMT's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Up 2%+ | None planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What VMS TMT's management said in earlier quarters
Others in Industrial Products this season
- Cosmo First (Q2 FY27)
Q2 FY27 Net Revenue: ₹1,388 Cr, +51% YoY (vs ₹919 Cr in Q2 FY26) [Page 10, 3] . Key investor presentation takeaways from Cosmo First Ltd's Q2 FY27 investor pres
- Inox India Ltd (Q2 FY27)
Q2 FY27 revenue: ₹467 Cr, up 26.6% YoY from ₹369 Cr in Q2 FY26 (Page 20). Key investor presentation takeaways from Inox India Ltd's Q2 FY27 investor presentatio
- Subros Ltd (Q2 FY27)
1,198.90 Cr. Key investor presentation takeaways from Subros Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers.
- Graphite India (Q2 FY27)
826 Crores, up 13.3% year-on-year (YoY) (Page 4, 9, 14) . Key investor presentation takeaways from Graphite India Ltd's Q2 FY27 investor presentation — and how