Please find enclosed Investor presentation for earning call to be held on 26-May-2026.
VSTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vibhor Steel Tubes reported Q4 FY26 revenue of ₹335.13 Cr, up 16.24% YoY, with EBITDA at ₹15.34 Cr (margin 4.58%) and PAT at ₹2.57 Cr (margin 0.77%). Full-year FY26 revenue stood at ₹1,149.35 Cr with EBITDA of ₹46.40 Cr and PAT of ₹8.79 Cr. While operating metrics improved, PAT margin declined to 0.77% due to higher finance costs and depreciation from the newly commissioned Odisha plant (Unit III). The company commissioned its 156,000 MTPA Odisha facility, marking entry into Transmission Line Tower manufacturing. Management targets ~50% revenue growth by FY28 with a strategic shift to higher-margin value-added products (targeting 75:25 product mix from current 90:10 GI Pipes focus). Exports currently at 3-5% of revenue with a roadmap to scale 10x. Crisil assigned BBB+/Stable rating.
Positive revenue momentum and margin expansion in Q4 are encouraging, but declining PAT margins due to higher interest and depreciation costs from new plant weigh on near-term profitability. The company's FY28 growth vision and strategic shift toward high-margin infrastructure products (crash barriers, transmission towers) could improve business quality and margins over time.