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Vibhor Steel Tubes Ltd.
(VSTL)
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Rating:50Neutral
Price Target:
₹124.00
▼(-15.65% Downside)
Action:Reiterated
Date:08/23/26
The score is primarily held back by financial performance: margins and earnings have weakened and free cash flow has remained negative for three consecutive years, with meaningful leverage and sharply lower ROE. Technicals add modest pressure as the stock trades below key medium/long-term moving averages with a negative MACD. Valuation is slightly negative overall given the ~27.6 P/E and no dividend yield data.
Positive Factors
Revenue Expansion
Revenue growth indicates that Vibhor Steel Tubes has continued expanding sales across its steel-tube business despite softer periods. A larger revenue base can support operating scale and customer reach, although sustaining the benefit will depend on restoring profitability.
Negative Factors
Margin Compression
The decline in gross and net margins shows that higher sales are producing less profit, indicating weaker pricing, mix, or cost absorption. Persistently thin margins would reduce earnings resilience and leave less capacity to reinvest or withstand cyclical steel-market pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
Revenue growth indicates that Vibhor Steel Tubes has continued expanding sales across its steel-tube business despite softer periods. A larger revenue base can support operating scale and customer reach, although sustaining the benefit will depend on restoring profitability.
Read all positive factors
Vibhor Steel Tubes Ltd. (VSTL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.31B
Dividend YieldN/A
Average Volume (3M)1.68K
Price to Earnings (P/E)31.1
Beta (1Y)1.51
Revenue Growth20.90%
EPS Growth-36.24%
CountryIN
Employees803
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)4.00
Shares Outstanding18,962,442
10 Day Avg. Volume1,335
30 Day Avg. Volume1,681
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)0.98
Price to Sales (P/S)0.17
P/FCF Ratio-11.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vibhor Steel Tubes Ltd. Business Overview & Revenue Model
Company Description
Vibhor Steel Tubes Limited, an Indian enterprise established in 2003, specializes in the production and distribution of steel pipes and tubes across the nation. Headquartered in Hisar, India, its comprehensive product range features mild steel and...
How the Company Makes Money
VSTL primarily makes money by selling steel tubes and related tubular steel products to customers (typically on a per-unit/tonnage basis) as part of supply contracts and purchase orders. Revenue is generated from product sales, and is influenced b...
Vibhor Steel Tubes Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
43
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.12B | 11.49B | 9.96B | 10.72B | 11.13B | 8.18B |
| Gross Profit | 851.08M | 804.51M | 1.08B | 1.13B | 824.75M | 614.31M |
| EBITDA | 444.10M | 450.83M | 384.81M | 459.12M | 438.61M | 280.53M |
| Net Income | 75.81M | 87.93M | 117.70M | 177.19M | 210.66M | 113.31M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 4.39B | 4.73B | 3.83B | 2.94B | 2.49B |
| Cash, Cash Equivalents and Short-Term Investments | 160.27M | 160.27M | 345.59M | 240.75M | 255.52M | 209.86M |
| Total Debt | 0.00 | 1.93B | 1.71B | 1.42B | 1.52B | 1.27B |
| Total Liabilities | -1.97B | 2.42B | 2.85B | 2.05B | 2.00B | 1.77B |
| Stockholders Equity | 1.97B | 1.97B | 1.88B | 1.78B | 931.98M | 719.73M |
Cash Flow | ||||||
| Free Cash Flow | -128.44M | -172.43M | -314.04M | -261.95M | -38.28M | -385.03M |
| Operating Cash Flow | 116.03M | 470.61M | 359.22M | 58.72M | 70.32M | -345.49M |
| Investing Cash Flow | -274.56M | -715.13M | -578.09M | -444.47M | -155.36M | -40.74M |
| Financing Cash Flow | 160.07M | 218.26M | 164.65M | 370.97M | 130.71M | 441.38M |
Vibhor Steel Tubes Ltd. Technical Analysis
Positive
147.00
Price Trends
111.54
Positive
116.72
Positive
119.41
Positive
Market Momentum
2.39
Negative
76.21
Negative
88.57
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VSTL, the sentiment is Positive. The current price of 147 is above the 20-day moving average (MA) of 111.72, above the 50-day MA of 111.54, and above the 200-day MA of 119.41, indicating a bullish trend. The MACD of 2.39 indicates Negative momentum. The RSI at 76.21 is Negative, neither overbought nor oversold. The STOCH value of 88.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VSTL.
Vibhor Steel Tubes Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹39.31B | 22.98 | ― | ― | ― | ― | |
65 Neutral | ₹186.12B | 45.40 | ― | 0.36% | -16.30% | -24.14% | |
63 Neutral | ₹37.37B | 38.82 | ― | 0.08% | 21.73% | 13.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹7.83B | 20.84 | ― | ― | ― | ― | |
50 Neutral | ₹2.31B | 31.11 | ― | ― | 20.90% | -36.24% | |
42 Neutral | ₹6.69B | 49.94 | ― | 0.17% | -1.84% | -43.02% |
* General Sector Average
IN:VSTL
Vibhor Steel Tubes Ltd.
123.95
-37.40
-23.18%
IN:RAMASTEEL
Rama Steel Tubes Ltd.
4.17
-6.08
-59.32%
IN:RATNAMANI
Ratnamani Metals & Tubes Ltd.
2,802.95
453.40
19.30%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
1,952.40
588.21
43.12%
IN:SCODATUBES
Scoda Tubes Ltd.
129.60
-45.15
-25.84%
IN:SAMBHV
Sambhv Steel Tubes Limited
128.85
8.30
6.89%
Vibhor Steel Tubes Ltd. Corporate Events
Vibhor Steel Tubes Schedules Q1 FY2026-27 Earnings Call for August 20
Aug 10, 2026
Vibhor Steel Tubes Limited has scheduled an earnings conference call on Thursday, August 20, 2026, to discuss its operational and financial performance for the first quarter ended June 30, 2026. The call, accessible via domestic and international ...
Vibhor Steel Tubes Publishes Q1 FY27 Unaudited Results in Line with SEBI Norms
Aug 8, 2026
Vibhor Steel Tubes Ltd. has published its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, in line with Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The res...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.