Vibhor Steel Tubes Limited has informed the Exchange about Transcript
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Vibhor Steel Tubes reported strong Q4 FY26 results with 16% revenue growth and 26% EBITDA growth YoY. The company is rapidly diversifying from pipes (85% of revenue) into new products like transmission line towers, octagon poles, and crash barriers. The Jharsuguda plant is seeing very strong order intake with 2,300 tons of transmission tower orders and 300 tons of pole orders. Management is installing additional galvanizing capacity in Jharsuguda and Hyderabad to meet demand. New products carry significantly better margins (Rs. 10,000/ton for towers vs Rs. 3,000-4,000/ton for pipe). The company targets reducing pipe revenue share to 75% and increasing new products to 25-30%. Credit rating was upgraded from BBB to BBB+ by CRISIL.
The diversification into higher-margin products (transmission towers, poles) combined with strong order flow positions the company for improved EBITDA margins. Management guided that margins will increase by at least 1% from current 4% levels as new products scale. The Jindal Steel agreement (valid till March 2029, 1 lakh MT minimum offtake) provides revenue stability.