SAMBHV

Sambhv Steel Tubes share price & financials

Chhattisgarh steelmaker converting iron ore into ERW/GI pipes, GP coils and stainless-steel products.

Price: ₹118.96
Market cap: ₹3.4k Cr
Sector: Capital Goods
Calls analysed: 6

Latest concall · Q1 FY27 · call held 04 Aug 2026

Sambhv Steel Tubes Limited Q1 FY27

Revenue ₹732 cr +31%EBITDA ₹100 cr +31%EBITDA Margin 13% PAT ₹56 cr +70%

What went well

Revenue of INR732 crores, up 31% YoY, marking highest ever quarterly performance.
EBITDA of INR100 crores, up 31% YoY, with EBITDA margin remaining strong at 13%.
PAT of INR56 crores, up 70% YoY, with PAT margin improving to over 7%.

What to watch

Anticipated price softening in the MS pipe segment by 3-5% for FY27.
Q2 FY27 expected to be a 'dampener' due to monsoon effects, raw material moisture, price softness, and demand slowness.

Read the full call →

What Sambhv Steel Tubes Limited does

Sambhv Steel Tubes Limited is a backward-integrated steel manufacturer that starts from iron ore and sponge iron and carries production all the way to finished pipes and coils at a single manufacturing campus in Sarora (Tilda) and a newer facility at Kuthrel, both in Raipur district, Chhattisgarh. It makes intermediate products (sponge iron, mild-steel and stainless-steel blooms/slabs, HR and CR coils) largely for captive use, and finished products including ERW black pipes and tubes, GI pipes, pre-galvanized (GP) coils and pipes, steel door frames, and stainless-steel HRAP/CR coils. It earns by selling these finished steel products through a nationwide distributor-dealer network, with a captive power plant supporting the manufacturing operations.

Segments

Intermediate Products
Structural Pipes & Tubes
Stainless Steel
Pre-Galvanized Coils & Pipes

Manufacturing facilities: 2 plants — Sarora (Tilda) and Kuthrel, both in Raipur district, Chhattisgarh, together spanning roughly 4,08,520 sq. metres
Installed finished-product capacity: 0.62 MMTPA (620,000 tonnes/year) across pipes, tubes and coils
ERW/GI pipes & tubes installed capacity: 350,000 MTPA
Sponge iron installed capacity: 280,000 MTPA
Mild-steel HR coil installed capacity: 390,000 MTPA
Stainless-steel HR/CR coil installed capacity: 60,000 MTPA (HR) and 58,000 MTPA (CR)

Employees 1,774 (2025-03-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 32 tracked 10 delivered 2 missed 20 open

EBITDA per ton delivered said Q1 FY26 Promised: Initially implied >INR 8,000, later revised to INR 7,000 for FY26 Q1 FY27: Promise was for FY26 and was achieved. No further updates.
Capacity Utilization missed said Q2 FY26 Promised: Reach 95% in the next quarter (Q3 FY26) from 85% Q1 FY27: Promise was for Q3 FY26 and was missed. No further updates.
EBITDA per ton revised up said Q4 FY26 Promised: INR 7,000 to INR 8,000 on average for FY27 Q1 FY27: Management revised the full-year guidance upwards to INR 7,500 - 8,500 per ton, from the previous INR 7,000 - 8,000 range.

All 32 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 30.9%, net profit up 67.6% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	316	369	495	559	580 +84%	589 +60%	685 +38%	732 +31%
Expenses	294	331	447	486	520	538	593	637
EBITDA	22	38	48	73	60 +173%	51 +34%	92 +92%	95 +30%
Margin	7%	10%	10%	13%	10%	9%	13%	13%
Other income	1	1	3	1	1	1	0	5
Interest	9	14	16	16	8	8	10	11
Depreciation	6	10	12	12	12	12	12	12
Profit before tax	8	15	22	46	41 +413%	33 +120%	71 +223%	77 +67%
Tax rate	33%	30%	26%	26%	25%	26%	25%	26%
Net profit	5	11	17	34	31 +520%	24 +118%	53 +212%	57 +68%
EPS	0.22	0.44	0.69	1.15	1.04	0.83	1.81	1.92

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +8.8% 1Y

1Y: ₹120.53 on 10 Sept 2025 → ₹131.08. High ₹133.53 (7 Sept 2026), low ₹82.3 (27 Jan 2026).

How the price took the results

close before → close after

Q1 FY27: +4.0%; 4 Aug
Q4 FY26: +2.9%; 11 May
Q3 FY26: +1.5%; 2 Feb
Q2 FY26: −6.7%; 10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Year ending	FY26
Revenue	₹2.4k Cr
Operating profit	₹276 Cr
Operating margin	11.4%
Interest	₹42 Cr
Depreciation	₹48 Cr
Net profit	₹142 Cr
Net margin	5.9%
Cash from operations	₹212 Cr
Free cash flow	₹-75 Cr
ROCE	19.0%

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY23	FY24	FY25	FY26
Equity capital	—	—	₹295 Cr	₹295 Cr
Reserves	—	—	₹683 Cr	₹759 Cr
Borrowings	—	—	₹190 Cr	₹373 Cr
Other liabilities	—	—	₹354 Cr	₹638 Cr
Total liabilities	—	—	₹1.5k Cr	₹2.1k Cr
Fixed assets	—	—	₹731 Cr	₹732 Cr
Capital work in progress	—	—	₹114 Cr	₹192 Cr
Investments	—	—	₹0 Cr	₹100 Cr
Other assets	—	—	₹676 Cr	₹1.0k Cr
Total assets	—	—	₹1.5k Cr	₹2.1k Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

What the price assumes

Growth the price implies: 15.6% a year; for 7 years, fading to 4%
It has actually compounded at: Not enough history
The gap: —; between what it did and what it must do

Price today ₹131.08

Change the assumptions yourself →

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Sambhv Steel Tubes Limited

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