Vibhor Steel Tubes Ltd
BSE:544124
Vibhor Steel Tubes Ltd
Vibhor Steel Tubes Ltd is a IN-based company operating in industry. The company is headquartered in Hisar, Haryana. The company went IPO on 2024-02-20. Vibhor Steel Tubes Ltd is an India-based company, which is a manufacturer of steel tubes and pipes. The Company’s product categories include electric resistance welded (ERW) black pipes, hot dipped galvanized pipes, hollow section tubes, primer painted, and crash barrier. The company provides a range of options for ERW black pipes, such as wall thickness, diameters and finishes depending on the requirements of the end-users. The company manufactures hollow structural sections (HSS) pipes with a coating of anti-rust oil inside and outside to ensure a safe delivery to end customers. The firm is engaged in mild steel tubes and pipes, ranging from galvanized pipes to welded black tubes/pipes which find application in the domestic, agriculture and the industrial sector. The firm provides customers with an option to primer paint the pipes for protection during storage and handling. The Company’s manufacturing facility is located at Raigarh in the state of Maharashtra, India.
Vibhor Steel Tubes Ltd is a IN-based company operating in industry. The company is headquartered in Hisar, Haryana. The company went IPO on 2024-02-20. Vibhor Steel Tubes Ltd is an India-based company, which is a manufacturer of steel tubes and pipes. The Company’s product categories include electric resistance welded (ERW) black pipes, hot dipped galvanized pipes, hollow section tubes, primer painted, and crash barrier. The company provides a range of options for ERW black pipes, such as wall thickness, diameters and finishes depending on the requirements of the end-users. The company manufactures hollow structural sections (HSS) pipes with a coating of anti-rust oil inside and outside to ensure a safe delivery to end customers. The firm is engaged in mild steel tubes and pipes, ranging from galvanized pipes to welded black tubes/pipes which find application in the domestic, agriculture and the industrial sector. The firm provides customers with an option to primer paint the pipes for protection during storage and handling. The Company’s manufacturing facility is located at Raigarh in the state of Maharashtra, India.
Revenue Growth: Quarterly revenue rose 21% year-on-year to INR 301 crores, with 9-month revenue up 15% to INR 814 crores.
Operational Ramp-Up: The new Jharsuguda plant is now operating at capacity in some product lines, driving growth and prompting expansion.
Capacity Expansion: New galvanizing and production lines are being added in Jharsuguda and Hyderabad to meet strong demand, especially for highway crash barriers.
Product Diversification: Management expects new products like crash barriers, transmission lines, and poles to contribute 20% of revenue in the next year, with higher EBITDA margins than pipes.
CapEx Plans: Around INR 10 crores in capital expenditure is planned for FY '26, with cautious and demand-driven future investments.
Customer Base: Jindal remains the largest customer (about 80% revenue), but government infrastructure projects and private sector demand are increasing for new products.
Strong Outlook: Management is confident about maintaining growth in Q4 and beyond, with further capacity utilization gains expected at Jharsuguda.
