Vibhor Steel Tubes Ltd.

110.541.47%

2026-08-21

vstlindia.comBSE: 544124NSE: VSTL
Market Cap₹ 202 Cr.
Current Price₹ 109
High / Low₹ 187 / 101
Stock P/E0.0
Book Value₹ 105
Price to Book1.49
Dividend Yield0.00 %
ROCE8.3 %
ROE6.4 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.97x)
  • Company converts assets efficiently - asset turnover of 2.3x

CONS

  • Recent results are weak - TTM profit is down 46.4% versus prior year
  • Receivables are growing faster than sales - a possible quality concern
  • Equity base is being diluted - shares outstanding up 33.7%
  • Free cash flow has been persistently negative
  • Inventory has been piling up - inventory days up from 50 to 66

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.JSWSTEEL1281.3012.64313336.020.554696.00112.5847364.0011.5520.6719.60
2.TATASTEEL184.0020.82229695.592.172385.2418.8260794.2915.2612.7015.40
3.SAIL172.5016.6871251.561.361644.05120.8026245.671.256.3915.92
4.JSL723.7518.3759667.370.55768.667.5611278.5410.5019.1912.09
5.APLAPOLLO2115.9047.8058749.740.40263.1110.945606.7112.0722.907.34
6.WELCORP1974.7022.5652090.740.251047.88200.114081.1214.9123.9432.17
7.SHYAMMETL988.7024.5727597.770.46350.7320.665455.0923.4513.8814.03
8.SARDAEN512.4515.9818057.780.39478.139.501608.04-1.0715.8441.59
9.JINDALSAW268.9526.3217199.570.7490.79-78.154452.319.0010.388.79
10.GPIL246.3020.5516578.390.41222.372.751750.4732.2923.5119.36
11.RATNAMANI2295.9537.1716092.770.44107.03-15.82971.63-15.6318.0116.69
12.VSTL105.200.00202.330.0019.292936.878.294.11
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023
250
242
Operating Profit
OPM %
Other Income
1
Interest
3
Depreciation
2
4
Tax %
25.78%
Net Profit
3
2
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
280
266
Operating Profit
OPM %
Other Income
0
Interest
6
Depreciation
2
7
Tax %
24.38%
Net Profit
5
3
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
251
238
Operating Profit
OPM %
Other Income
0
Interest
5
Depreciation
2
6
Tax %
30.48%
Net Profit
4
3
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
291
278
Operating Profit
OPM %
Other Income
1
Interest
5
Depreciation
3
7
Tax %
25.38%
Net Profit
5
3
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
225
216
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
2
4
Tax %
26.52%
Net Profit
3
2
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
236
229
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
2
Tax %
45.34%
Net Profit
1
0
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
247
238
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
4
Tax %
24.00%
Net Profit
3
2
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
288
277
Operating Profit
OPM %
Other Income
1
Interest
3
Depreciation
3
7
Tax %
33.13%
Net Profit
4
2
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
231
221
Operating Profit
OPM %
Other Income
0
Interest
4
Depreciation
2
4
Tax %
24.88%
Net Profit
3
2
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
282
273
Operating Profit
OPM %
Other Income
0
Interest
4
Depreciation
4
2
Tax %
24.47%
Net Profit
1
1
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
302
293
Operating Profit
OPM %
Other Income
2
Interest
4
Depreciation
5
2
Tax %
23.50%
Net Profit
2
1
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
335
320
Operating Profit
OPM %
Other Income
-0
Interest
4
Depreciation
6
4
Tax %
37.98%
Net Profit
3
1
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
294
291
Operating Profit
OPM %
Other Income
0
Interest
4
Depreciation
6
3
Tax %
26.22%
Net Profit
2
0
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
19
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
510
492
Operating Profit
20
OPM %
4
Other Income
1
Interest
9
Depreciation
7
4
Tax %
83
Net Profit
1
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2022
818
789
Operating Profit
30
OPM %
4
Other Income
1
Interest
9
Depreciation
6
15
Tax %
26
Net Profit
11
EPS
8
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
Mar 2023
1,113
1,068
Operating Profit
47
OPM %
4
Other Income
1
Interest
12
Depreciation
6
28
Tax %
25
Net Profit
21
EPS
15
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Mar 2024
1,073
1,024
Operating Profit
50
OPM %
5
Other Income
2
Interest
18
Depreciation
8
24
Tax %
26
Net Profit
18
EPS
9
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Mar 2025
996
960
Operating Profit
38
OPM %
4
Other Income
2
Interest
11
Depreciation
10
17
Tax %
30
Net Profit
12
EPS
6
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
6
Minority Interest
0
Share of Associates
0
Adjusted EPS
6
TTM
1,212
1,176
Operating Profit
OPM %
Other Income
3
Interest
16
Depreciation
20
11
Tax %
30
Net Profit
8
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
7%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
1%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:
-31%

RETURN ON EQUITY

10 Years:
5 Years:
13%
3 Years:
15%
Last Year:
6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

No bonus data found

Mar 2021
Equity Capital
14
46
63
Trade Payables
33
17
Total Liabilities
173
52
Capital Work in Progress
0
51
0
Cash & Bank
15
54
Total Assets
173
Total Debt
74
Net Working Capital
18
Contingent Liabilities
3
Book Value per Share
42.65
Face Value
10.00
Total Debt
74
Net Working Capital
18
Contingent Liabilities
3
Book Value per Share
42.65
Face Value
10.00
Mar 2022
Equity Capital
14
58
110
Trade Payables
43
24
Total Liabilities
249
50
Capital Work in Progress
0
101
0
Cash & Bank
21
76
Total Assets
249
Total Debt
127
Net Working Capital
37
Contingent Liabilities
4
Book Value per Share
50.75
Face Value
10.00
Total Debt
127
Net Working Capital
37
Contingent Liabilities
4
Book Value per Share
50.75
Face Value
10.00
Mar 2023
Equity Capital
14
79
137
Trade Payables
42
22
Total Liabilities
294
54
Capital Work in Progress
0
120
0
Cash & Bank
26
93
Total Assets
294
Total Debt
152
Net Working Capital
47
Contingent Liabilities
4
Book Value per Share
65.71
Face Value
10.00
Total Debt
152
Net Working Capital
47
Contingent Liabilities
4
Book Value per Share
65.71
Face Value
10.00
Mar 2024
Equity Capital
19
159
115
Trade Payables
56
34
Total Liabilities
383
69
Capital Work in Progress
12
171
51
Cash & Bank
24
56
Total Assets
383
Total Debt
141
Net Working Capital
99
Contingent Liabilities
1
Book Value per Share
93.76
Face Value
10.00
Total Debt
141
Net Working Capital
99
Contingent Liabilities
1
Book Value per Share
93.76
Face Value
10.00
Mar 2025
Equity Capital
19
169
114
Trade Payables
87
85
Total Liabilities
473
69
Capital Work in Progress
68
191
72
Cash & Bank
19
55
Total Assets
473
Total Debt
171
Net Working Capital
87
Contingent Liabilities
1
Book Value per Share
99.21
Face Value
10.00
Total Debt
171
Net Working Capital
87
Contingent Liabilities
1
Book Value per Share
99.21
Face Value
10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
45
Cash from Investing
-1
Cash from Financing
-36
8
Free Cash Flow
45
OCF / Net Profit
65.99
Cumulative 5-Year FCF
0
OCF / Net Profit
65.99
Cumulative 5-Year FCF
0
Mar 2022
-35
Cash from Investing
-4
Cash from Financing
44
6
Free Cash Flow
-39
OCF / Net Profit
-3.05
Cumulative 5-Year FCF
0
OCF / Net Profit
-3.05
Cumulative 5-Year FCF
0
Mar 2023
7
Cash from Investing
-16
Cash from Financing
13
5
Free Cash Flow
-4
OCF / Net Profit
0.33
Cumulative 5-Year FCF
0
OCF / Net Profit
0.33
Cumulative 5-Year FCF
0
Mar 2024
6
Cash from Investing
-42
Cash from Financing
35
-1
Free Cash Flow
-29
OCF / Net Profit
0.33
Cumulative 5-Year FCF
0
OCF / Net Profit
0.33
Cumulative 5-Year FCF
0
Mar 2025
36
Cash from Investing
-58
Cash from Financing
16
-5
Free Cash Flow
-29
OCF / Net Profit
3.05
Cumulative 5-Year FCF
0
OCF / Net Profit
3.05
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
EPS (₹)
0.49
Book Value (₹)
42.65
Dividend per Share (₹)
0.00
Cash EPS (₹)
5.13
Operating Margin %
3.90%
Net Margin %
0.13%
ROE %
1.14%
ROCE %
9.90%
0.40%
Debtor Days
28
Inventory Days
37
Payable Days
26
38
Debt to Equity (x)
1.23x
Interest Coverage (x)
1.45x
1.17x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
7.99
Book Value (₹)
50.75
Dividend per Share (₹)
0.00
Cash EPS (₹)
12.30
Operating Margin %
3.69%
Net Margin %
1.39%
ROE %
17.11%
ROCE %
14.42%
5.38%
Debtor Days
19
Inventory Days
34
Payable Days
19
34
Debt to Equity (x)
1.77x
Interest Coverage (x)
2.77x
1.23x
Revenue Growth %
60.24%
Operating Profit Growth %
51.53%
Net Profit Growth %
1546.24%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
14.85
Book Value (₹)
65.71
Dividend per Share (₹)
0.00
Cash EPS (₹)
19.34
Operating Margin %
4.21%
Net Margin %
1.89%
ROE %
25.51%
ROCE %
18.21%
7.77%
Debtor Days
16
Inventory Days
36
Payable Days
15
37
Debt to Equity (x)
1.64x
Interest Coverage (x)
3.30x
1.25x
Revenue Growth %
36.08%
Operating Profit Growth %
55.21%
Net Profit Growth %
85.91%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
9.34
Book Value (₹)
93.76
Dividend per Share (₹)
0.00
Cash EPS (₹)
13.72
Operating Margin %
4.54%
Net Margin %
1.65%
ROE %
13.08%
ROCE %
14.95%
5.24%
Debtor Days
18
Inventory Days
50
Payable Days
19
49
Debt to Equity (x)
0.79x
Interest Coverage (x)
2.33x
1.54x
Revenue Growth %
-3.63%
Operating Profit Growth %
7.72%
Net Profit Growth %
-15.89%
-37.09%
P/E (x)
26.80x
P/B (x)
2.67x
Dividend Yield %
0.00%
11.72x
Mar 2025
EPS (₹)
6.21
Book Value (₹)
99.21
Dividend per Share (₹)
0.00
Cash EPS (₹)
11.70
Operating Margin %
3.66%
Net Margin %
1.18%
ROE %
6.43%
ROCE %
8.29%
2.75%
Debtor Days
22
Inventory Days
66
Payable Days
29
59
Debt to Equity (x)
0.91x
Interest Coverage (x)
2.51x
1.37x
Revenue Growth %
-7.12%
Operating Profit Growth %
-23.74%
Net Profit Growth %
-33.57%
-33.57%
P/E (x)
23.81x
P/B (x)
1.49x
Dividend Yield %
0.00%
11.23x

Shareholding Pattern

Numbers in percentages

TRADES
Sep 2024
73.48
0.13
DIIs
0.00
Government
0.00
26.40
Dec 2024
73.48
0.04
DIIs
0.00
Government
0.00
26.49
Mar 2025
73.66
0.16
DIIs
0.00
Government
0.00
26.18
Jun 2025
73.66
0.16
DIIs
0.00
Government
0.00
26.18
Sep 2025
73.66
0.07
DIIs
0.00
Government
0.00
26.28
Dec 2025
73.66
0.03
DIIs
0.00
Government
0.00
26.32
Mar 2026
74.62
0.31
DIIs
0.00
Government
0.00
25.07
Jun 2026
74.74
0.15
DIIs
0.00
Government
0.00
25.11

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