Manufactures steel pipes and tubes including mild steel (MS) ERW pipes, structural pipes, stainless steel (SS) cold-rolled coils, and pre-galvanised coils and pipes. FY26 sales volume totalled 396,000 tons, up 37% year-on-year; Q1 FY27 sales volume was 1,07,771 tons, of which value-added products hit a record 1,01,191 tons, broken into structural pipes and tubes at 56,617 tons, pre-galvanised coils and pipes at 29,814 tons, and stainless steel coils at 14,760 tons. Stainless steel CR coil capacity was recently doubled from 58,000 to 1,16,000 TPA, and a greenfield 3,60,000 TPA stainless steel coil project at Kesda is targeted for Q4 FY27 commissioning, alongside an additional 1,50,000 TPA of ERW capacity via DFT. A 30 MW captive power plant at Sarora is under construction at ₹150 crore. The company has signed a PLI 1.2 MOU with the Ministry of Steel for thin-gauge SS CR coils (capped at ₹200 crore) and 10 co-branding MOUs for SS pipe manufacturing. End-use demand comes from solar projects, warehousing, metro expansion, railway redevelopment and airports. Raw materials, primarily steel coils and sponge iron, account for 72% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Structural pipes and tubes, Pre-galvanised coils and pipes, Stainless steel coils, Intermediate products. Cyclical, asset-heavy steel pipes and tubes manufacturer with ongoing capacity expansion
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 1,511 | 2,413 |
| EBITDA (ex other income) | 154 | 273 |
| margin % | 10.2 | 11.3 |
| Owners' profit | 57 | 142 |
| EPS, as reported (₹) | 2.38 | 5.05 |
| ROE % · ROCE % | 11.6 · 14.6 | 13.5 · 17.5 |
| Debt / equity (x) | 1.02 | 0.35 |
| Cash from operations | 126 | 212 |
| Capex | (227) | (287) |
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 495 | 559 | 580 | 589 | 685 | 732 |
| Profit before tax | 22 | 46 | 41 | 33 | 71 | 77 |
| Net profit | 17 | 34 | 31 | 24 | 53 | 57 |
| EPS (₹) | 0.69 | 1.41 | 1.04 | 0.83 | 1.81 | 1.92 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Sambhv Steel Tubes: All 4 AGM resolutions passed with near-unanimous support | board shareholder meetings | low | — | — |
| 10 Sept 2026 · Sambhv Steel Tubes 9th AGM held; financials adopted, CMD reappointed | board shareholder meetings | medium | — | — |
| 22 Aug 2026 · Physical letters sent to shareholders for 9th AGM and FY2025-26 Annual Report | compliance | minimal | — | — |
| 19 Aug 2026 · Sambhv Steel Tubes to host Systematix Group for Raipur facility site visit | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Newspaper ad for 9th AGM on Sep 10, 2026 | compliance | minimal | — | — |
| 18 Aug 2026 · Annual Report FY26 submitted: Revenue up 59.7%, PAT up 147% | results | medium | — | — |
| 18 Aug 2026 · Notice of 9th AGM scheduled for September 10, 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Crisil assigns A plus Stable rating to Rs 162 cr bank facilities | credit debt | medium | — | — |
| 12 Aug 2026 · Sambhv Steel Tubes receives Environmental Clearance for Raipur Unit-3 | capex operations | high | — | — |
| 12 Aug 2026 · EGM approves fully convertible warrants on preferential basis to promoters and others | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| GODAWARI POW & ISP LTD |
| 15,875 |
| 18.6 |
| 2.71 |
| 12.0 |
| 13.7 |
| 17.0 |
| 5.7 |
| 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.5 | 16.2 | 79 of 118 | 33% |
| P/B | 3.7 | 1.7 | 78 of 99 | 21% |
| ROCE | 14.4 | 8.7 | 31 of 120 | 75% |
| ROE | 13.5 | 8.6 | 29 of 114 | 75% |
| Debt / Equity | 0.3 | 0.1 | 82 of 114 | 28% |
| EBITDA margin | 13.7 | 11.0 | 39 of 100 | 62% |
| Revenue growth | 31.1 | 13.7 | 24 of 97 | 76% |
| Profit growth | 66.9 | 29.3 | 39 of 105 | 64% |
| Market cap | 3884 | 247 | 23 of 120 | 82% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
