VIBHOR STEEL TUBES LTD (VSTL) financials

VIBHOR STEEL TUBES LTD (VSTL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2003, Vibhor Steel TubesLtd specializes in the production, export,and distribution of steel pipes and tubes[1]

Market Cap: ₹186Cr.
Current Price: ₹98.3
Stock P/E: 22.2
ROE: 5.05%
ROCE: 7.92%
Book Value: ₹104
Dividend Yield: 0.00%
52W High / Low: ₹153/97.8

In Jun 2026, VIBHOR STEEL TUBES LTD (VSTL) reported sales ₹293.69 Cr and net profit ₹1.93 Cr.

Annual TTM: sales ₹1,212 Cr, net profit ₹8 Cr.

Shareholding: Promoters 74.95% (Sep 2026), FIIs 0.03% (Sep 2026), DIIs 0.00% (Sep 2026), Public 25.02% (Sep 2026), No. of Shareholders 26,429% (Sep 2026).

VSTL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	236.09	247.25	288.30	230.96	281.76	301.50	335.13	293.69
Expenses	229.21	237.62	277.19	220.80	272.72	292.60	319.75	281.62
Operating Profit	6.88	9.63	11.11	10.16	9.04	8.90	15.38	12.07
OPM %	2.91%	3.89%	3.85%	4.40%	3.21%	2.95%	4.59%	4.11%
Other Income	0.22	0.18	1.05	0.09	0.37	2.49	-1.36	0.30
Interest	2.84	2.56	2.81	3.68	3.77	4.46	4.02	3.93
Depreciation	2.65	2.75	2.71	2.40	3.76	4.76	5.84	5.82
Profit before tax	1.61	4.50	6.64	4.17	1.88	2.17	4.16	2.62
Tax %	45.34%	24.00%	33.28%	24.94%	24.47%	23.50%	37.98%	26.34%
Net Profit	0.89	3.43	4.44	3.14	1.42	1.66	2.57	1.93
EPS in Rs	0.47	1.81	2.34	1.66	0.75	0.88	1.36	1.02
Raw PDF	—	—	—	—	—	—	—	—

VSTL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	557	511	818	1,113	1,073	996	1,149	1,212
Expenses	528	491	788	1,068	1,024	960	1,106	1,167
Operating Profit	30	20	30	46	49	36	43	45
OPM %	5%	3.9%	3.6%	4.1%	4.5%	3.7%	3.8%	3.7%
Other Income	1	1	0	1	2	2	2	2
Interest	16	9	9	12	18	11	16	16
Depreciation	7	7	6	6	8	10	17	20
Profit before tax	8	5	15	28	24	17	12	11
Tax %	35%	43%	26%	25%	26%	30%	29%	—
Net Profit	5	3	11	21	18	12	9	8
EPS in Rs	3.57	2.02	7.99	14.86	9.34	6.21	4.64	4.01
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

VSTL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14	14	14	14	14	19	19	19
Reserves	41	46	48	58	79	159	169	178
Borrowings	134	104	77	127	152	142	171	193
Other Liabilities	67	43	30	50	48	64	114	49
Total Liabilities	256	207	170	249	294	383	473	439
Fixed Assets	62	57	52	50	54	69	69	163
CWIP	0	0	0	0	0	12	68	20
Investments	0	0	0	0	0	0	0	0
Other Assets	193	151	118	199	239	302	337	256
Total Assets	256	207	170	249	294	383	473	439

VSTL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-9	34	44	-35	7	6	36	61
Cash from Investing Activity	-20	11	0	-4	-16	-42	-58	-70
Cash from Financing Activity	24	-45	-36	44	13	35	16	6
Net Cash Flow	-5	0	8	6	5	-1	-5	-3
Free Cash Flow	-26	32	43	-38	-4	-27	-21	1
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-28%	123%	233%	-111%	25%	27%	112%	150%

VSTL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	73.48%	73.65%	73.65%	73.65%	73.65%	74.62%	74.74%	74.95%
FIIs	0.04%	0.16%	0.16%	0.07%	0.03%	0.31%	0.15%	0.03%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	26.48%	26.18%	26.18%	26.29%	26.32%	25.07%	25.11%	25.02%
No. of Shareholders	30,293	30,712	29,867	29,719	28,628	27,711	27,072	26,429

VSTL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	46	30	31	20	18	17	26	18
Inventory Days	59	64	41	50	43	65	78	44
Days Payable	42	28	21	21	15	21	36	10
Cash Conversion Cycle	63	66	51	49	46	61	69	52
Working Capital Days	72	22	19	7	7	26	25	10
ROCE %	—	13%	9%	14%	18%	15%	8%	8%

VSTLUpdated 18 Oct 2026, 15:19

Vibhor Steel Tubes Ltd

VSTLUpdated 18 Oct 2026, 15:19

Market Cap

₹186Cr.

Current Price

₹98.3

High / Low

₹153/97.8

Stock P/E

22.2

ROE5.05%

ROCE7.92%

Book Value₹104

Face Value₹10.0

Dividend Yield0.00%

About

Incorporated in 2003, Vibhor Steel TubesLtd specializes in the production, export,and distribution of steel pipes and tubes[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	250.34	3.12	241.51	0.52	1.73	4.5	25.78	3.34	2.35
Sep 2023	280.17	5.63	266.04	0.21	1.85	6.86	24.49	5.18	3.65
Dec 2023	251.01	4.8	238.26	0.25	2	6.2	30.48	4.31	3.04
Mar 2024	291.2	4.52	278.11	0.68	2.71	6.54	25.38	4.89	2.58
Jun 2024	224.75	3	215.76	0.42	2.3	4.11	26.28	3.02	1.59
Sep 2024	236.09	2.84	229.21	0.22	2.65	1.61	45.34	0.89	0.47
Dec 2024	247.25	2.56	237.62	0.18	2.75	4.5	24	3.43	1.81
Mar 2025	288.3	2.81	277.19	1.05	2.71	6.64	33.28	4.44	2.34
Jun 2025	230.96	3.68	220.8	0.09	2.4	4.17	24.94	3.14	1.66
Sep 2025	281.76	3.77	272.72	0.37	3.76	1.88	24.47	1.42	0.75
Dec 2025	301.5	4.46	292.6	2.49	4.76	2.17	23.5	1.66	0.88
Mar 2026	335.13	4.02	319.75	-1.36	5.84	4.16	37.98	2.57	1.36
Jun 2026	293.69	3.93	281.62	0.3	5.82	2.62	26.34	1.93	1.02

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2019	600	14	576	6	7	9	27	6	4.41
Mar 2020	557	16	528	1	7	8	35	5	3.57
Mar 2021	511	9	491	1	7	5	43	3	2.02
Mar 2022	818	9	788	0	6	15	26	11	7.99
Mar 2023	1113	12	1068	1	6	28	25	21	14.86
Mar 2024	1073	18	1024	2	8	24	26	18	9.34
Mar 2025	996	11	960	2	10	17	30	12	6.21
Mar 2026	1149	16	1106	2	17	12	29	9	4.64
TTM	1212	16	1167	2	20	11	—	8	4.01

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	74.95%
FIIs	0.03%
Public	25.02%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Mar 2024	73.48%	1.83%	0.9%	23.79%
Jun 2024	73.48%	1.02%	0%	25.5%
Sep 2024	73.48%	0.13%	0%	26.4%
Dec 2024	73.48%	0.04%	0%	26.48%
Mar 2025	73.65%	0.16%	0%	26.18%
Jun 2025	73.65%	0.16%	0%	26.18%
Sep 2025	73.65%	0.07%	0%	26.29%
Dec 2025	73.65%	0.03%	0%	26.32%
Mar 2026	74.62%	0.31%	0%	25.07%
Jun 2026	74.74%	0.15%	0%	25.11%
Sep 2026	74.95%	0.03%	0%	25.02%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Other Assets	Total Assets
Mar 2019	14	41	134	67	256	62	0	193	256
Mar 2020	14	46	104	43	207	57	0	151	207
Mar 2021	14	48	77	30	170	52	0	118	170
Mar 2022	14	58	127	50	249	50	0	199	249
Mar 2023	14	79	152	48	294	54	0	239	294
Mar 2024	19	159	142	64	383	69	12	302	383
Mar 2025	19	169	171	114	473	69	68	337	473
Mar 2026	19	178	193	49	439	163	20	256	439

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2019	-9	-20	24	-5
Mar 2020	34	11	-45	0
Mar 2021	44	0	-36	8
Mar 2022	-35	-4	44	6
Mar 2023	7	-16	13	5
Mar 2024	6	-42	35	-1
Mar 2025	36	-58	16	-5
Mar 2026	61	-70	6	-3

Key ratios

Historical financial ratios

Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	46	30	31	20	18	17	26	18
Inventory Days	59	64	41	50	43	65	78	44
Days Payable	42	28	21	21	15	21	36	10
Cash Conversion Cycle	63	66	51	49	46	61	69	52
Working Capital Days	72	22	19	7	7	26	25	10
ROCE %	—	13%	9%	14%	18%	15%	8%	8%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of VIBHOR STEEL TUBES LTD (VSTL)?

The reported market capitalisation for VIBHOR STEEL TUBES LTD (VSTL) is ₹186Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of VSTL?

The current price shown for VIBHOR STEEL TUBES LTD (VSTL) on Fincrux is ₹98.3 with a 52-week high/low of ₹153/97.8.

What is the P/E ratio of VIBHOR STEEL TUBES LTD (VSTL)?

The stock P/E for VIBHOR STEEL TUBES LTD (VSTL) is 22.2 on Fincrux, with ROE at 5.05% and ROCE at 7.92%.

What were VSTL latest quarterly results?

For Jun 2026, VIBHOR STEEL TUBES LTD (VSTL) reported sales ₹293.69 Cr and net profit ₹1.93 Cr (figures in ₹ crore unless noted).

What are VSTL annual sales and net profit?

For TTM, VIBHOR STEEL TUBES LTD (VSTL) shows sales of ₹1,212 Cr and net profit of ₹8 Cr on the Fincrux profit & loss statement.

Who owns VIBHOR STEEL TUBES LTD (VSTL)?

Latest shareholding for VIBHOR STEEL TUBES LTD (VSTL) on Fincrux: Promoters 74.95% (Sep 2026), FIIs 0.03% (Sep 2026), DIIs 0.00% (Sep 2026), Public 25.02% (Sep 2026), No. of Shareholders 26,429% (Sep 2026).

Where can I find VIBHOR STEEL TUBES LTD (VSTL) financials?

VIBHOR STEEL TUBES LTD (VSTL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show VSTL balance sheet and cash flow?

Yes. The VIBHOR STEEL TUBES LTD (VSTL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 15:19