Sambhv Steel Tubes Ltd.
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ABOUT
AI Sector View
AI GENERATEDMetals & Mining
The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.
PROS
- Latest quarter profit grew 69.5% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.71x)
- Attractively priced for its growth - PEG of 0.7
- Company maintains a comfortable, low leverage position
CONS
- Equity base is being diluted - shares outstanding up 1366.8%
- Free cash flow has been persistently negative
- Working capital days have increased from -5 to 33 days
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | 1309.00 | 12.92 | 320109.92 | 0.54 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| TATASTEEL | 183.95 | 20.81 | 229633.17 | 2.17 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| SAIL | 192.15 | 18.58 | 79368.04 | 1.22 | 1644.05 | 120.80 | 26245.67 | 1.25 | 7.08 | 15.92 |
| WELCORP | 2553.45 | 29.17 | 67357.62 | 0.20 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| APLAPOLLO | 2220.05 | 50.15 | 61641.55 | 0.38 | 263.11 | 10.94 | 5606.71 | 12.07 | 31.83 | 7.34 |
| JSL | 733.25 | 18.61 | 60450.57 | 0.55 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| SHYAMMETL | 1077.75 | 26.78 | 30083.44 | 0.42 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| JINDALSAW | 309.15 | 30.25 | 19770.40 | 0.65 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| RATNAMANI | 2608.25 | 42.23 | 18281.75 | 0.38 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| SARDAEN | 497.10 | 15.50 | 17516.87 | 0.40 | 478.13 | 9.50 | 1608.04 | -1.07 | 17.76 | 41.59 |
| GPIL | 243.20 | 20.30 | 16373.17 | 0.41 | 222.37 | 2.75 | 1750.47 | 32.29 | 20.20 | 19.36 |
| SAMBHV | 126.95 | 22.70 | 3740.85 | 0.00 | 56.52 | 66.88 | 732.17 | 31.07 | 19.10 | 12.99 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 358 | 331 | 316 | 369 | 495 | 559 | 580 | 589 | 685 | 732 | |
| 321 | 285 | 294 | 331 | 447 | 486 | 520 | 538 | 593 | 660 | |
| Operating Profit | 37 | 46 | 22 | 38 | 48 | 73 | 60 | 51 | 92 | 95 |
| OPM % | 10.34% | 13.89% | 7.10% | 10.30% | 9.73% | 13.02% | 10.39% | 8.68% | 13.45% | 13.00% |
| Other Income | 2 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 4 | 5 |
| Interest | 11 | 8 | 9 | 14 | 17 | 16 | 9 | 8 | 10 | 11 |
| Depreciation | 5 | 6 | 6 | 10 | 12 | 12 | 12 | 12 | 12 | 13 |
| 23 | 33 | 8 | 16 | 22 | 45 | 40 | 32 | 74 | 77 | |
| Tax % | 27.25% | 24.30% | 32.14% | 28.29% | 26.39% | 25.84% | 25.58% | 25.11% | 24.87% | 26.36% |
| Net Profit | 17 | 25 | 5 | 11 | 16 | 33 | 30 | 24 | 56 | 57 |
| 8 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 0 | |
| Equity Capital | 241 | 241 | 241 | 241 | 241 | 241 | 295 | 295 | 295 | 295 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 819 | 937 | 1,286 | 1,511 | 2,413 | 2,587 | |
| 695 | 820 | 1,126 | 1,357 | 2,137 | 2,311 | |
| Operating Profit | 126 | 119 | 163 | 161 | 284 | — |
| OPM % | 15 | 13 | 13 | 11 | 12 | — |
| Other Income | 1 | 2 | 4 | 6 | 7 | 11 |
| Interest | 19 | 22 | 32 | 48 | 43 | 38 |
| Depreciation | 10 | 16 | 21 | 34 | 49 | 49 |
| 97 | 81 | 111 | 79 | 192 | 224 | |
| Tax % | 25 | 26 | 26 | 26 | 25 | 26 |
| Net Profit | 72 | 60 | 82 | 58 | 143 | 166 |
| EPS | 4 | 3 | 3 | 2 | 5 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 3 | 3 | 2 | 5 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 37%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 33%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 3%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 28%
- 3 Years:
- 19%
- Last Year:
- 18%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - |
| Equity Capital | 20 | 20 | 241 | 241 | 295 |
| 129 | 190 | 197 | 255 | 761 | |
| 105 | 114 | 128 | 121 | 138 | |
| Trade Payables | 31 | 28 | 98 | 325 | 554 |
| 173 | 200 | 294 | 492 | 359 | |
| Total Liabilities | 459 | 552 | 958 | 1,434 | 2,107 |
| ASSETS | - | - | - | - | - |
| 235 | 294 | 337 | 715 | 699 | |
| Capital Work in Progress | 17 | 22 | 216 | 86 | 187 |
| 0 | 0 | 0 | 65 | 165 | |
| 122 | 141 | 149 | 254 | 443 | |
| 0 | 0 | 94 | 147 | 223 | |
| Cash & Bank | 8 | 8 | 43 | 16 | 84 |
| 76 | 87 | 119 | 151 | 306 | |
| Total Assets | 459 | 552 | 958 | 1,434 | 2,107 |
| Total Debt | 241 | 283 | 347 | 532 | 371 |
| Net Working Capital | 27 | 51 | 19 | -21 | 222 |
| Contingent Liabilities | 2 | 2 | 6 | 6 | 3 |
| Book Value per Share | 74.31 | 104.73 | 18.19 | 20.58 | 35.82 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 34 | 66 | 142 | 127 | 216 | |
| Cash from Investing | -100 | -85 | -312 | -262 | -371 |
| Cash from Financing | 66 | 19 | 177 | 132 | 212 |
| -0 | 0 | 7 | -2 | 56 | |
| Free Cash Flow | 34 | -14 | -105 | -155 | 82 |
| OCF / Net Profit | 0.48 | 1.09 | 1.73 | 2.19 | 1.51 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| PER SHARE | |||||
| EPS (₹) | 35.89 | 30.06 | 3.42 | 2.41 | 4.86 |
| Book Value (₹) | 74.31 | 104.73 | 18.19 | 20.58 | 35.82 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 4.09 | 3.81 | 4.29 | 3.84 | 6.51 |
| PROFITABILITY | |||||
| Operating Margin % | 15.37% | 12.71% | 12.15% | 10.05% | 11.14% |
| Net Margin % | 8.80% | 6.44% | 6.26% | 3.77% | 5.77% |
| ROE % | 48.30% | 33.57% | 25.42% | 12.42% | 18.47% |
| ROCE % | 29.65% | 23.29% | 22.31% | 13.98% | 19.16% |
| 15.73% | 11.95% | 10.92% | 4.85% | 8.09% | |
| EFFICIENCY | |||||
| Debtor Days | 7 | 10 | 18 | 29 | 27 |
| Inventory Days | 54 | 51 | 40 | 48 | 51 |
| Payable Days | 18 | 16 | 25 | 72 | 93 |
| 43 | 45 | 33 | 4 | -15 | |
| FINANCIAL HEALTH | |||||
| Debt to Equity (x) | 1.62x | 1.34x | 0.79x | 1.07x | 0.35x |
| Interest Coverage (x) | 6.06x | 4.72x | 4.48x | 2.65x | 5.43x |
| 1.17x | 1.33x | 1.06x | 0.96x | 1.29x | |
| GROWTH | |||||
| Revenue Growth % | 0.00% | 14.39% | 37.19% | 17.55% | 59.67% |
| Operating Profit Growth % | 0.00% | -5.43% | 37.29% | -1.45% | 76.01% |
| Net Profit Growth % | 0.00% | -16.26% | 36.53% | -29.59% | 146.83% |
| 0.00% | 0.00% | -88.62% | -29.59% | 101.88% | |
| VALUATION | |||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 18.61x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 2.53x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 3.33x | 4.70x | 10.42x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-22 - Sambhv Steel Tubes Limited has informed the Exchange about physical letter to the shareholders of Sambhv Steel Tubes Limited
2026-08-19 - Sambhv Steel Tubes Limited has informed the Exchange about Schedule of meet
2026-08-19 - Sambhv Steel Tubes Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-18 - Sambhv Steel Tubes Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 10, 2026
2026-08-17 - Sambhv Steel Tubes Limited has informed the Exchange about Credit Rating
2026-08-14 - Sambhv Steel Tubes Limited has informed the Exchange about Schedule of meet
2026-08-14 - Sambhv Steel Tubes Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Sambhv Steel Tubes Limited has informed the Exchange about granting of approval of Environmental Clearance
2026-08-12 - Sambhv Steel Tubes Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 10, 2026. Further, the company has informed the Exchange regarding voting results.
News
Recent coverage and analyst commentary for SAMBHV
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