Sambhv Steel Tubes

NSE: SAMBHVBSE: 544430
Compare with peers
₹ 166.45▼ 1.85 (−1.1%)28 Oct, 03:29 pm IST
Market cap
₹ 4,616 Cr.
P/E
27.7x
P/B
4.48x
52-week range
81.42 – 175.5
ROE
18%
ROCE
19%
Dividend yield
0%
Debt / equity
0.35
Sector
Industrial Products
Industry
Iron & Steel Products
Listed on
NSE, BSE

About

Sambhv Steel Tubes Limited is an India-based manufacturer of electric resistance welded (ERW) steel pipes and structural tubes (hollow section). The Company is principally engaged in the manufacturing of steel products like Sponge Iron, Blooms / Slabs, HR Coil, ERW black pipes and tubes, Captive power generation and a diverse range of steel products. Its products include Sponge iron, Blooms / Slabs (Mild steel and stainless steel), Narrow-width HR coil (mild steel and stainless steel), ERW black pipes and tubes, GI pipes, Steel door frames, CR coils (mild steel), GP coils, Stainless Steel HRAP coils, Stainless Steel CR coils, CRFH pipes, and GP pipes. The Company has a network of approximately 37 distributors with two distributors distributing through six branches in 15 states and one union territory, taking the total distributor network to over 43 in India. It has one operational manufacturing facility at Sarora (Tilda), Raipur, Chhattisgarh.

Quick check

The five things to look at first. Open one for more.

Sambhv Steel Tubes against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)27.7 against a typical 18.6: pricier than most peers (1st = cheapest).94th of 146
  • Sales growth+30.9% against a typical +13.1% from a year earlier.30th of 117
  • Profit growth+72.7% against a typical +26.2% from a year earlier.30th of 105
  • Share price, 3 months+45.3% against a typical −3.1%.12th of 135
  • Size₹ 4,616 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).13th of 135

Latest announcements

Exchange filings and their impact on the company.

  • 17 Oct 2026Allotment of SecuritiesLow impactPositivePrice −3.7% on 19 Oct
    Allotted 86.95 lakh warrants at Rs 115 to raise up to Rs 100cr, with Rs 25cr received now.

    Sambhv Steel Tubes allotted 86,95,400 fully convertible warrants at Rs 115 each on a preferential basis on October 17, 2026, mainly to promoter group Anjaneya Minerals and promoters plus four non-promoters. The company received 25% upfront, Rs 25.0 crore, with the balance Rs 86.25 per warrant payable on conversion into one equity share within 18 months, for total proceeds up to Rs 100 crore. Paid-up capital is unchanged now; full conversion would add ~2.9% to share capital and strengthen the balance sheet.

    Filing
  • 6 Oct 2026General UpdatesLow impactPositivePrice −2.4% on 7 Oct
    Sambhv appointed CARE to monitor Rs 100 cr warrant proceeds, adding growth capital with limited dilution.

    Sambhv Steel Tubes appointed CARE Ratings on October 6, 2026 as monitoring agency for its preferential issue of warrants approved on August 10, 2026. The issue proceeds are Rs 99.99 crore. The monitoring ensures the funds are used as disclosed, strengthening the balance sheet to support expansion with modest dilution.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A+ to A by 2 agencies
A
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
CRISILCrisil A+Stable27 Oct 2026
AcuiteWithdrawn-22 Oct 2026
CARECARE AStable29 Sep 2025
Credit rating actions
RatingDetails
27 Oct 2026
Reaffirmed
Crisil A+—CRISIL₹ 1,327 Cr.
22 Oct 2026
Withdrawn
was ACUITE A+—Acuite₹ 562 Cr.
8 Oct 2026
▲ Upgrade1 notch
ACUITE A → ACUITE A+LowAcuite₹ 562 Cr.
17 Aug 2026
Rating action
Crisil A+—CRISIL₹ 162 Cr.
15 Oct 2025
Rating action
ACUITE A—Acuite₹ 870.31 Cr.

Fund raises

QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates

Equity fund raises
StageDetails
17 Oct 2026WarrantsAllotted₹ 100 Cr.₹ 115+44.74%
6 Oct 2026WarrantsAllotted₹ 100 Cr.——

Board meetings

Results dates and other board meetings. Full calendar

Details
29 Oct 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
3 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
15 Jul 2026Fund RaisingBoard Meeting scheduled on July 15, 2026, to consider and approve the proposal for raising of funds
9 May 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
31 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
8 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
24 Jul 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters

Share price

1Y change +50.43%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales358331316369495559580589685732
Expenses321285294331447486520538593637
Operating Profit37462238487360519295
OPM %10%14%7%10%10%13%10%9%13%13%
Other Income2112311145
Interest1189141716981011
Depreciation56610121212121213
Profit before tax2333816224540327477
Tax %27%24%32%28%26%26%26%25%25%26%
Net Profit1725511163330245657
EPS in Rs0.711.030.230.470.681.131.020.821.891.92

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
38%
3 Years
37%
TTM
49%
Compounded Profit Growth
10 Years
—
5 Years
34%
3 Years
33%
TTM
150%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
—
TTM
—
Return on Equity
10 Years
—
5 Years
22%
3 Years
18%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
56.11%
−0.03 pts in a year
FIIs
1.53%
−2.08 pts in a year
DIIs
3.17%
−3.65 pts in a year
Government
0.02%
+0.02 pts in a year
Public
39.17%
+5.74 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 27.7xEPS (12 months) ₹ 5.68Median P/E 29.6x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Sambhv Steel Tubes₹ 166.45₹ 4,616 Cr.27.7x4.5x18%—
Grindwell Norton₹ 1,858.00₹ 20,572 Cr.55.4x9.1x17.4%13.6%
Carborundum Universal₹ 1,031.30₹ 19,647 Cr.71.3x5.2x5.2%3.2%
Kajaria Ceramics₹ 1,137.65₹ 17,896 Cr.38x6.4x16.8%10.2%
Century Plyboards (India)₹ 636.25₹ 14,165 Cr.65.9x6.8x10.6%5%
Jindal SAW₹ 233.30₹ 14,864 Cr.17.4x1.4x—3.3%

Management

Vikas Kumar Goyal
Chief Executive Officer, Managing Director (Promoter)
Anu Garg
Chief Financial Officer
Bhavesh Khetan
Chief Operating Officer, Executive Director
Niraj Shrivastava
Company Secretary, Compliance Officer

Prices are delayed and for information only. Nothing on this page is investment advice.