Vibhor Steel Tubes Limited has informed the Exchange about Presentation
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Vibhor Steel Tubes shared its investor presentation ahead of a conference call scheduled for January 7, 2026. Q2 FY26 revenue grew 19.34% YoY to ₹281.76 crore, with PAT up 59.55% YoY to ₹1.42 crore, though EBITDA margin came in at 3.34% versus 4.44% in Q1 FY26. The company commissioned its new Unit III in Odisha (156,000 MTPA capacity), marking entry into transmission line tower manufacturing. Management outlined a Vision for FY28 targeting ~50% upside in overall revenue, a shift in product mix from 90:10 to 75:25 (GI pipes vs others), and a focus on higher-margin products like crash barriers and transmission towers. Exports currently contribute only 3-5% of revenue, with plans to scale 10x over five years.
Positive near-term as new Odisha plant ramps up volumes and supports growth, though margin pressure from lower revenue per tonne remains a concern. The FY28 vision and diversification into value-added products could support re-rating if execution holds, while the heavy capex spend keeps leverage elevated.