Sambhv Steel Tubes Limited share price

NSE: SAMBHV · ISIN INE12NJ01018

Key numbers

Market cap
₹ 4,689 Cr
Current price
₹ 159.12
52-week high / low
₹ 162 / 81
Stock P/E
27.3
Book value
₹ 35.8
Dividend yield
0.00%
ROCE
19.0%
ROE
18.4%
Debt to equity
0.35
Sales growth (3 yrs)
37.1%
Profit growth (3 yrs)
33.0%
1-year return
31.7%

About Sambhv Steel Tubes Limited

Sambhv Steel Tubes Limited manufactures and sells electric resistance welded steel pipes, structural tubes, and stainless-steel coils in India. The company provides mild steel hot-rolled coil, cold rolled coil, and galvanized coils; ERW steel tubes and pipes, including rectangular tubes, round tubes, and square tubes; cold rolled full hard pipes, comprising rectangular pipes, round pipes, and square pipes; and steel door frames, which comprise single, double, and four door frames. It also offers stainless-steel hot-rolled, hot rolled annealed and pickled, and cold rolled coils; superior galvanised and pre-galvanised pipes, such as Gi rectangular, round, and square; and intermediate products, which includes sponge iron and stainless-steel billets/blooms/slabs. In addition, the company operates waste heat recovery boiler and atmospheric fluidized bed combustion boiler-based power plants, as well as generates the electricity. The company was incorporated in 2017 and is based in Raipur, India.

Quarterly results

Consolidated figures in ₹ crores

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales559580589685732
Operating profit7360519295
Net profit3431245357
EPS (₹)1.151.040.831.811.92

Concall summary (2026-08-08)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • Related to the pipe and power plant that we have announced in last quarter itself, it will be coming up in next financial year, so the volume guidance for that will not be there in this financial year. if I answer this financial year volume guidance, it will be 10% to 15% over and above what we have given in 2026.
  • I am saying INR200 crores additional working capital for FY28 and INR300 crores for FY29.

Growth & demand

  • Sambhv delivered its highest ever quarterly financial performance, with growth of revenue by 31%, EBITDA by 31%, and PAT by 70%.
  • The board has also approved a preferential issue of fully convertible warrants raising up to INR100 crores to support our growth plan.

Margins & costs

  • This reflects our continued focus on superior product mix and higher margin value -added products and resulted in 19% year-on-year increase in EBITDA to INR10,000 per ton, excluding sponge iron sales.
  • EBITDA margin remained strong at 13%, while PAT margi n improved to over 7%, reflecting the benefit of high realization in value-added products.

Capex & expansion

  • We continue to make steady progress on our capacity expansion roadmap and remain on track to increase our total finished product capacity from 0.68 million tons per annum to over 2 million tons per annum by 2030.
  • Peak debt, after execution of first phase and other expansion that we have announced, that is power plant and DFT pipe mill and solar power plant , we will have around INR800 crores to INR850 crores of term debt and INR200 crores to INR300 crores of working capital debt by end of FY27.

Balance sheet & cash

  • So our cost of debt is in between 7.5% to 8% right now.
  • Secondly, we want to strengthen our working capital requirement and the working capital promoter contribution because we are also envisaging Q4 project completion for our K esda, so we require some promoter contribution towards the working capital that we are envisaging.

Peers in Steel

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