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VMS TMT share price & results

VMS TMT Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Jun 2026

Gujarat-based manufacturer of TMT reinforcement steel bars, marketed under a Kamdhenu brand license, with backward-integrated billet production from scrap.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue248 ₹ crore+16.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin4.9 %−4.3 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit4.5 ₹ crore−47.9% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity11.21 %−11.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-7.75 %+2.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable+20.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 2 judged targets kept · 9 open · verdicts reflect calls analysed to Q1 FY27.

VMS TMT Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (2 achieved, 0 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
TMT Capacity UtilizationMaintain or improve from 70-75%
Call transcript, Q4 FY26 · 8 Jun 2026		Q4 FY26Q1 FY27:Management stated that TMT capacity utilization is at 90% of peak installed capacity, and overall facility utilization is around 80%, an improvement from the previous 70-75% level.
Call transcript, Q1 FY27 · 20 Aug 2026		Achieved
Integration Benefit Margin ImprovementINR1,500 per ton for FY27
Call transcript, Q4 FY26 · 8 Jun 2026		Q4 FY26Q1 FY27:Profit was compressed as scrap prices went up due to the Iran conflict while TMT prices did not rise proportionally. EBITDA declined by 41% YoY, putting the realization of the INR 1,500/ton benefit at risk.
Call transcript, Q1 FY27 · 20 Aug 2026		At Risk
Maximum Production Capacity (with existing clearance)3 lakh tons
Call transcript, Q4 FY26 · 8 Jun 2026		Q4 FY26Q1 FY27:Management reiterated the 3 lakh ton capacity target, which will be achieved through the proposed amalgamation with Aditya Ultra Steel Limited.
Call transcript, Q1 FY27 · 20 Aug 2026		On Track

Source: Inve Guidance Tracker for VMS TMT Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

9 of VMS TMT Limited's 11 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹42.39 +1.53% · +₹0.64

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −39.6% 1Y

₹40.0₹50.0₹60.0₹70.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q4 FY26 — 8 Jun 2026Q1 FY27 — 20 Aug 2026

1Y: ₹70.19 on 24 Oct 2025 → ₹42.39. High ₹72.24 (29 Oct 2025), low ₹34.51 (30 Mar 2026).

Previous close
₹41.75
Market cap
₹217 Cr
52-week range
₹34.51 – ₹72.24
One year
−38.95%
Price to earnings (TTM to Jun 2026)
12.82×
Return on equity (TTM to Jun 2026)
11.21%

Overview

Symbol
NSE:VMSTMT
Industry
Industrials
Exchange
NSE
Currency
INR

What VMS TMT Limited does

Based on the company's own presentations, annual report and earnings calls.

VMS TMT Limited manufactures Thermo Mechanically Treated (TMT) reinforcement bars at its facility in Bhayla Village, Ahmedabad, Gujarat, using a 30-ton induction furnace, a continuous casting machine and a rolling mill to convert scrap and billets into finished bars. It holds a non-exclusive retail licence from Kamdhenu Limited to market its TMT bars under the Kamdhenu brand across Gujarat (excluding Saurashtra and Kutch), selling through a network of distributors and dealers. Since completing backward integration of its billet (CCM) division in September 2024, the company also produces billets in-house from scrap, and sells surplus billets, binding wire and scrap steel as ancillary/by-products.

Segments

  • TMT Bars
  • Billets
  • Binding Wire
  • Scrap Steel
TMT Bars installed capacity
2,00,000 MT p.a.
Billets (CCM) installed capacity
2,16,000 MT p.a.
Dealer/distributor network
227 dealers + 3 distributors (Dec 2025)
Manufacturing units
2 (TMT Bars unit + Billets/CCM unit), Bhayla Village, Ahmedabad
Power requirement
22 MW (sourced from Uttar Gujarat Vij Company Ltd.)
Captive solar power plant (under setup)
15 MW
Founded 2013Headquarters Bhayla Village, Ahmedabad, Gujarat, IndiaEmployees 230 (Jul 2025) Company website

How the price took the results

close before → close after

Q1 FY27
+0.2%
20 Aug
Q4 FY26
−2.2%
8 Jun

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.

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