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Vibhor Steel Tubes share price & results

Vibhor Steel Tubes Limited· Capital Goods· Industrials

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

Promoter-led manufacturer, exporter and distributor of ERW and hot-dip galvanized steel pipes, crash barriers, poles and transmission line towers, with three plants in Maharashtra, Telangana and Odisha.

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Reported

The figures, each with its period

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

MetricValueChangeBasisPeriodNote
Revenue294 ₹ crore+27.2% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin4.1 %−0.3 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit1.9 ₹ crore−38.5% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity4.36 %−1.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin0.09 %+2.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)20.89 %+22.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

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

Guidance

What management said, and what became of it

1 of 2 judged targets kept · 14 open · verdicts reflect calls analysed to Q1 FY27.

Vibhor Steel Tubes Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (1 achieved, 1 missed, 14 open).

TargetOriginal wordingSaidLatest callVerdict
Revenue Contribution from JharsugudaTurnover should reflect from Jharsuguda as well from Quarter 2 of this year.
Call transcript, Q1 FY26 · 13 Aug 2025		Q1 FY26Q1 FY27:Q1 FY27 revenue growth of 20% was primarily driven by the Jharsuguda plant's performance. Promise continues to be met.
Call transcript, Q1 FY27 · 20 Aug 2026		Achieved
FY26 Capital ExpenditureIncur in FY '26 around about Rs. 10 Cr and extra CAPEX by buying all the machineries for Crash Barriers
Call transcript, Q3 FY26 · 19 Feb 2026		Q3 FY26Q1 FY27:The FY26 capex figure was not mentioned again. The promise remains unverified.
Call transcript, Q1 FY27 · 20 Aug 2026		Ghosted
Jharsuguda Capacity UtilizationFor Orissa hopefully we will be able to achieve 30% in the quarter four
Call transcript, Q2 FY26 · 7 Jan 2026		Q2 FY26Q1 FY27:Utilization reported at 18%, a decline from Q3's 21% and well below the revised 30-40% target for FY27. Management was evasive on a timeline to full utilization.
Call transcript, Q1 FY27 · 20 Aug 2026		At Risk

Source: Inve Guidance Tracker for Vibhor Steel Tubes 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.

1 of Vibhor Steel Tubes Limited's 16 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Price

₹96.48 +1.83% · +₹1.73

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

Performance −34.5% 1Y

₹100₹120₹140Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 7 Jan 2026Q3 FY26 — 19 Feb 2026Q4 FY26 — 26 May 2026Q1 FY27 — 20 Aug 2026

1Y: ₹147.23 on 24 Oct 2025 → ₹96.48. High ₹147.23 (24 Oct 2025), low ₹94.27 (23 Oct 2026).

Previous close
₹94.75
Market cap
₹206 Cr
52-week range
₹94.27 – ₹145.52
One year
−33.33%
Price to earnings (TTM to Jun 2026)
24.52×
Return on equity (TTM to Jun 2026)
4.36%

Overview

Symbol
NSE:VSTL
Industry
Industrials
Exchange
NSE
Currency
INR

What Vibhor Steel Tubes Limited does

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

Vibhor Steel Tubes Limited is a first-generation, promoter-led company that manufactures, exports and distributes steel pipes and tubes for heavy engineering and infrastructure use. Its product range spans ERW black pipes, hot-dipped galvanized pipes, hollow section tubes and primer-painted pipes, alongside newer value-added lines - crash barriers, hexagonal poles and transmission line towers (commercial production from Unit III, Odisha, since June 2025). It operates as a long-term manufacturing and supply partner to Jindal Pipes Limited (under the "Jindal Star" brand) while also selling under its own distribution network domestically and to export markets.

Segments

  • ERW Black Pipes
  • GI (hot-dip galvanized) Pipes
  • Metal Beam Crash Barriers & Posts
  • Value-added products
Manufacturing units
3 (Maharashtra, Telangana, Odisha)
Total installed capacity
3,77,000 MTPA (FY26)
Unit-wise capacity
Unit I Maharashtra 125,000 MTPA; Unit II Telangana 96,000 MTPA; Unit III Odisha 156,000 MTPA
Export presence
8 countries (FY26)
Team size
850 (FY26)
Warehouse
1, Hisar, Haryana (~300 MT storage capacity, ~1,944 sq. yards)
Founded 2003Headquarters Hisar, Haryana, IndiaEmployees 850 (FY26) Company website

How the price took the results

close before → close after

Q1 FY27
+2.4%
20 Aug
Q4 FY26
−0.2%
26 May
Q3 FY26
−1.4%
19 Feb
Q2 FY26
−4.8%
7 Jan

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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