Vibhor Steel Tubes Ltd. (VSTL) AI Stock Analysis

• Market Cap: ₹2.97B
• Dividend Yield: N/A
• Average Volume (3M): 5.33K
• Price to Earnings (P/E): 25.0
• Beta (1Y): 2.05
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 660
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 1.66
• Shares Outstanding: 18,962,442
• 10 Day Avg. Volume: 1,604
• 30 Day Avg. Volume: 5,327
• PEG Ratio: -0.74
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 0.29
• P/FCF Ratio: -9.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹164.00
• Price Target Upside: 4.66% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: ₹164.00 ▲(4.66% Upside)

The overall stock score of 55 reflects significant challenges in financial performance, particularly in cash flow and profitability. Technical analysis indicates a neutral trend with mild bullish momentum, but valuation concerns persist due to a high P/E ratio. The absence of earnings call insights and corporate events limits additional context for the stock's outlook.

Vibhor Steel Tubes Ltd. Business Overview & Revenue Model

Company Description

Vibhor Steel Tubes Limited manufacturers and sells steel pipes and tubes in India. It offers mild steel/carbon electric resistance welded black and galvanized pipes, hallow steel pipes, primer painted pipes, crash barriers, and cold rolled steel strips/coils. The company serves aerospace, ship building, construction, power plant, oil and gas, refiner, agriculture, industrial, and other industries. The company was incorporated in 2003 and is based in Hisar, India.

How the Company Makes Money

VSTL generates revenue primarily through the sale of its steel tubes and pipes to various industrial sectors. The company has established multiple revenue streams, including direct sales to manufacturers and distributors, as well as custom orders for specialized applications. Key partnerships with major construction and automotive firms enhance its market reach and customer base. Additionally, VSTL benefits from long-term contracts that provide a steady flow of income, while ongoing investments in technology and production efficiency contribute to cost savings and improved profit margins.

Vibhor Steel Tubes Ltd. Financial Statement Overview

Summary

Vibhor Steel Tubes Ltd. faces challenges in revenue growth and profitability, with modest margins and declining returns on equity. While leverage has improved, cash flow issues persist, posing potential liquidity risks. The company needs to focus on enhancing operational efficiency and cash flow management to improve its financial health.

Income Statement

Vibhor Steel Tubes Ltd. has shown fluctuating revenue growth with a recent decline of 24.3% in the latest year, following a modest decline the previous year. The gross profit margin has slightly improved over the years, but the net profit margin remains low at 1.18%. EBIT and EBITDA margins are also modest, indicating limited operational efficiency. Overall, the income statement reflects challenges in maintaining consistent growth and profitability.

Balance Sheet

The company's debt-to-equity ratio has improved from previous years, now standing at 0.91, indicating a more balanced leverage position. However, the return on equity has decreased to 6.26%, reflecting reduced profitability for shareholders. The equity ratio is stable, suggesting a reasonable proportion of equity financing. Overall, the balance sheet shows improved leverage but challenges in delivering strong returns.

Cash Flow

The cash flow statement reveals a concerning trend with negative free cash flow growth and a negative free cash flow to net income ratio, indicating cash flow challenges. The operating cash flow to net income ratio is low at 0.15, suggesting limited cash generation from operations relative to net income. Overall, the cash flow position is weak, highlighting potential liquidity risks.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.03B	9.96B	10.72B	11.13B	8.18B	5.58B
Gross Profit	1.10B	1.08B	1.13B	824.75M	614.31M	694.37M
EBITDA	393.32M	384.81M	459.12M	438.61M	280.53M	300.03M
Net Income	118.91M	117.70M	177.19M	210.66M	113.31M	50.61M
Balance Sheet
Total Assets	0.00	4.73B	3.83B	2.94B	2.49B	2.07B
Cash, Cash Equivalents and Short-Term Investments	186.53M	345.59M	240.75M	255.52M	209.86M	74.32M
Total Debt	0.00	1.71B	1.42B	1.52B	1.27B	1.04B
Total Liabilities	-1.88B	2.85B	2.05B	2.00B	1.77B	1.48B
Stockholders Equity	1.88B	1.88B	1.78B	931.98M	719.73M	598.02M
Cash Flow
Free Cash Flow	0.00	-314.04M	-261.95M	-38.28M	-385.03M	320.94M
Operating Cash Flow	0.00	359.22M	58.72M	70.32M	-345.49M	339.48M
Investing Cash Flow	0.00	-578.09M	-444.47M	-155.36M	-40.74M	114.35M
Financing Cash Flow	0.00	164.65M	370.97M	130.71M	441.38M	-449.67M

Vibhor Steel Tubes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 156.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VSTL, the sentiment is Negative. The current price of 156.7 is below the 20-day moving average (MA) of 159.37, below the 50-day MA of 159.42, and below the 200-day MA of 166.89, indicating a bearish trend. The MACD of -1.18 indicates Positive momentum. The RSI at 45.52 is Neutral, neither overbought nor oversold. The STOCH value of 34.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VSTL.

Vibhor Steel Tubes Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VSTL	55 Neutral	₹2.97B	24.99	―	―	―	―
SALSTEEL	50 Neutral	₹2.50B	68.82	―	―	4.71%	-3228.92%
SHAHALLOYS	44 Neutral	₹1.43B	―	―	―	-69.90%	27.84%
ZENITHSTL	44 Neutral	₹1.01B	32.51	―	―	-24.55%	―
IMPEXFERRO	41 Neutral	₹172.35M	―	―	―	-100.00%	73.66%

Vibhor Steel Tubes Ltd. Corporate Events

Vibhor Steel Tubes Expands Production with New Odisha Plant

Vibhor Steel Tubes Ltd has commenced the supply of Electric Resistance Welded (ERW) and Galvanized (GI) pipes from its newly commissioned greenfield plant in Odisha, which has a capacity of 156,000 MTPA. This expansion increases the company’s total capacity to 377,000 MTPA across three plants in India, enhancing its production and distribution capabilities. The new facility, which required an investment of Rs 119.83 crore, will also produce value-added steel products, potentially boosting the company’s margins and enabling it to explore new markets and export opportunities.

Vibhor Steel Tubes Ltd. Announces Key Appointments and Financial Results

Vibhor Steel Tubes Ltd. announced several key decisions following its board meeting on August 12, 2025. The company approved its un-audited standalone financial results for the first quarter of 2025, re-appointed M/s S.K Agarwal & Associates as cost auditors, and appointed M/s KRS AND CO. as secretarial auditors for five years. Additionally, M/s VD & CO. was re-appointed as internal auditors, and the Directors Report for the fiscal year ending March 2025 was approved. The company also announced the incorporation of a wholly-owned subsidiary in the hospitality sector and the appointment of Mr. Suresh Kumar Agrawal as factory manager at its Odisha unit.