Vibhor Steel Tubes Ltd. (IN:VSTL)
:VSTL
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Vibhor Steel Tubes Ltd.
(VSTL)
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Rating:49Neutral
Price Target:
₹119.00
▼(-19.05% Downside)
Action:Reiterated
Date:05/23/26
The score is held back primarily by weakening fundamentals (shrinking margins, lower earnings, and three years of negative free cash flow) and a leveraged profile with sharply lower ROE. Technicals also remain soft (negative MACD, sub-50 RSI, and price below key moving averages). Valuation is only moderately supportive with a ~21.9 P/E and no dividend yield data.
Positive Factors
Revenue Growth
Revenue expansion across 2021–2026 (Fundamentals.RevenueGrowth ~15.35%) indicates durable demand for tubular products and the company’s ability to grow volumes or win share. Sustained top-line growth supports scale economics and provides a foundation for margin recovery over time.
Negative Factors
Margin Compression & Falling Profitability
Sharp margin erosion to ~7% gross and ~0.8% net in 2026 from higher prior levels materially reduces earnings power. In a cyclical steel business this leaves minimal buffer for raw-material swings, limiting the company's ability to sustain margins or fund investments from operating profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue expansion across 2021–2026 (Fundamentals.RevenueGrowth ~15.35%) indicates durable demand for tubular products and the company’s ability to grow volumes or win share. Sustained top-line growth supports scale economics and provides a foundation for margin recovery over time.
Read all positive factors
Vibhor Steel Tubes Ltd. (VSTL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.25B
Dividend YieldN/A
Average Volume (3M)1.08K
Price to Earnings (P/E)25.0
Beta (1Y)1.65
Revenue Growth15.35%
EPS Growth-25.26%
CountryIN
Employees660
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)6.56
Shares Outstanding18,962,442
10 Day Avg. Volume1,476
30 Day Avg. Volume1,081
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 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 s...
How the Company Makes Money
VSTL primarily makes money by manufacturing steel tubes/pipes and selling them to customers, generating revenue from the sale of finished tubular steel products (including pricing based on product specifications, volumes, and prevailing steel inpu...
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 | 10.48B | 11.49B | 9.96B | 10.72B | 11.13B | 8.18B |
| Gross Profit | 1.06B | 804.51M | 1.08B | 1.13B | 824.75M | 614.31M |
| EBITDA | 416.41M | 434.93M | 384.81M | 459.12M | 438.61M | 280.53M |
| Net Income | 124.25M | 87.93M | 117.70M | 177.19M | 210.66M | 113.31M |
Balance Sheet | ||||||
| Total Assets | 5.07B | 4.39B | 4.73B | 3.83B | 2.94B | 2.49B |
| Cash, Cash Equivalents and Short-Term Investments | 188.07M | 160.27M | 345.59M | 240.75M | 255.52M | 209.86M |
| Total Debt | 1.94B | 1.93B | 1.71B | 1.42B | 1.52B | 1.27B |
| Total Liabilities | 3.14B | 2.42B | 2.85B | 2.05B | 2.00B | 1.77B |
| Stockholders Equity | 1.93B | 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
Negative
147.00
Price Trends
119.62
Negative
120.00
Negative
133.59
Negative
Market Momentum
-1.48
Positive
38.16
Neutral
15.30
Positive
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 147 is above the 20-day moving average (MA) of 123.71, above the 50-day MA of 119.62, and above the 200-day MA of 133.59, indicating a bearish trend. The MACD of -1.48 indicates Positive momentum. The RSI at 38.16 is Neutral, neither overbought nor oversold. The STOCH value of 15.30 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | ₹1.41B | 3.33 | ― | ― | -81.50% | ― | |
51 Neutral | ₹5.93B | -109.85 | ― | ― | -44.93% | -374.24% | |
49 Neutral | ₹2.25B | 24.99 | ― | ― | 15.35% | -25.26% | |
47 Neutral | ₹909.17M | 15.20 | ― | ― | -54.95% | 1930.38% | |
41 Neutral | ₹170.59M | -2.27 | ― | ― | -100.00% | 71.58% |
* Basic Materials Sector Average
IN:VSTL
Vibhor Steel Tubes Ltd.
116.05
-38.40
-24.86%
IN:ANKITMETAL
Ankit Metal & Power Limited
1.59
-0.75
-32.05%
IN:IMPEXFERRO
Impex Ferro Tech Ltd
1.90
-0.26
-12.04%
IN:SALSTEEL
S.A.L. Steel Ltd.
59.63
41.49
228.72%
IN:SHAHALLOYS
Shah Alloys Limited
71.15
16.05
29.13%
IN:ZENITHSTL
Zenith Steel Pipes & Industries Limited
6.14
-0.85
-12.16%
Vibhor Steel Tubes Ltd. Corporate Events
Vibhor Steel Tubes Delays Launch of High Mast Poles to June 2026
Apr 3, 2026
Vibhor Steel Tubes Ltd. has postponed the planned introduction of its new High Mast Lightning Pole and Monopoles product line, which falls under infrastructure and utility structures for the domestic market. Originally expected by the end of March...
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.