Vibhor Steel Tubes share price, P/E, ROE & financials

Vibhor Steel Tubes (VSTL) had a P/E of 24.9× on 6 Nov 2026, above the industry P/E of 19.9×, and the shares are 32% below their 52-week high. Sales grew 1.1% a year over 3 years while net profit fell 25%, with ROCE of 10% and ROE of 4.6%. Debt is 0.98× equity. It is a small-cap company with a market cap of ₹189 Cr, ranked 88th of 150 Steel companies by market cap; the shares fell 30% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹100.05
Day high: ₹101.19
Day low: ₹97.88
Prev. close: ₹101.19
Volume: 5K

Health check

1 fair · 5 to check

ReturnsBehind
−30.5% over a year, better than 0 of 7 peers.
Price tagPricier
P/E 24.9 vs industry 19.9.
GrowthSlow
Sales +1.1%, profit −25.3% a year over 3 years.
ProfitabilityWeak
ROCE 10.3% vs peer median 18.7%.
Balance sheetFair
Debt 0.98× equity, interest covered 1.9×, Piotroski 6 of 9.
Red flags3 to check
Return on equity is low at 4.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹189 Cr, #88 of 150 in its industry by size.

Defensive

Beta 0.75 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,212 Cr · profit ₹8 Cr

Market cap: ₹189 Cr; Small cap
P/E: 24.9; Industry 19.9
Price to book: 0.96; Peers 2.28
Dividend yield: 0.00%
ROE: 4.6%; Peers 23.4%
ROCE: 10.3%; Peers 18.7%
Debt to equity: 0.98; Debt ₹193 Cr
EPS (TTM): ₹4.00; Face value ₹10
OPM (TTM): 3.7%; Net margin 0.6%
Sales growth: +27.2%; Latest quarter vs a year ago
Profit growth: −38.6%; Latest quarter vs a year ago
Price to sales: 0.16; EV/EBITDA 8.4

Strengths

Quarterly sales up 27.2% on a year ago.
Positive operating cash flow in each of the last 4 years.
Promoter stake up from 73.7% to 75.0%.

Risks to check

Return on equity is low at 4.6%.
Quarterly profit down 38.6% on a year ago.
32% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Vibhor Steel Tubes

Vibhor Steel Tubes Limited engages in the production and distribution of steel pipes and tubes for the heavy engineering sectors in India and internationally. The company offers electric resistance welded black pipes for water transport, oil, gas, and other nontoxic applications; hot-dipped galvanized pipes for agriculture and infrastructure; hollow section pipes/tubes in square and rectangular configurations; primer-painted pipes for enhanced protection…

Headquarters: Hisar
Employees: 803
Sector: Basic Materials
ISIN: INE0QTF01015
Website: vstlindia.com

Price range

52 weeks

₹91.00₹146.90

Today

₹97.88₹101.19

Avg volume (3M): 14.6K
1-year return: minus 30.5%
From 52-week high: minus 32.3%

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
VSTLVibhor Steel Tubes	99.50	minus 1.67%	189	24.9	8.2	10.3%	3.7%	0.98	1.1%	minus 30.5%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
231	282	302	335	294
221	273	293	320	282
10.2	9	8.9	15.4	12.1
4.4%	3.2%	3.0%	4.6%	4.1%
0.1	0.4	2.5	−0	0.3
3.7	3.8	4.5	4	3.9
2.4	3.8	4.8	5.8	5.8
–	–	–	−1.3	–
4.2	1.9	2.2	4.2	2.6
24.8%	24.5%	23.6%	38.1%	26.2%
3.1	1.4	1.7	2.6	1.9
1.66	0.75	0.87	1.36	1.02

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +1.1%
Profit CAGR 3Y: −25.3%
EPS CAGR 3Y: −25.2%
ROE: 4.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,113	1,072	996	1,149
–	minus 3.7%	minus 7.1%	+15.4%
1,067	1,023	959	1,104
45.6	49	36.6	44.7
4.1%	4.6%	3.7%	3.9%
−1.7	−2.9	0.1	−0.8
9.3	13.5	9.5	13.5
6.4	8.3	10.4	16.8
0	−0.2	−0	−1.3
28.2	24.1	16.9	12.4
25.4%	26.5%	30.2%	29.0%
21.1	17.7	11.8	8.8
–	minus 15.9%	minus 33.6%	minus 25.3%
11.11	9.34	6.21	4.64

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
14.2	19	19	19
79	159	169	178
152	142	171	193
48.1	63.9	114	49.3
294	383	473	439
61.5	99.1	146	188
7.1	30.2	76.5	25
–	1	2.6	12.6
25.6	24.5	18.7	16.2
199	228	230	197
294	383	473	439

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
7	5.9	35.9	61.3
−15.5	−42.2	−57.8	−69.8
13.1	34.9	16.5	5.9
4.6	−1.5	−5.4	−2.6
−10.9	−32	−67.3	−64.3
−3.8	−26.2	−31.4	−3

Shareholding pattern

Source: NSE filings

75.0%

promoters

Promoters74.96%
Public25.04%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	74.96%	25.04%	plus 0.22
30 Jun 2026	74.74%	25.26%	plus 0.12
31 Mar 2026	74.62%	25.38%	plus 0.96
31 Dec 2025	73.66%	26.34%	0.00
30 Sep 2025	73.66%	26.34%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

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