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Swing Capital

Sambhv Steel Tubes Ltd

NSE: SAMBHV BSE: 544430Metal

Incorporated in 2018, Sambhv Steel Tubes Ltd manufactures finished products, including ERW black pipes and tubes (hollow section) and Galvanized iron (GI) pipes, using intermediate products such as sponge iron, blooms/slabs, and hot rolled (HR) coil.[1]

₹107
52W: ₹80.7 — ₹149
PE 22 · Book ₹35.8 · +199% vs book
Market Cap₹3,146 Cr
Stock P/E22Price to Earnings
ROCE19.1%Return on Capital
ROE18.5%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 34.1% CAGR over last 5 years

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend

Shareholding Pattern

Promoters56.15%
FIIs1.52%
DIIs3.09%
Public39.24%
CategoryJun 2025Sep 2025Dec 2025Mar 2026
Promoters56.14%56.15%▲0.056.15%56.15%
FIIs3.61%2.32%▼1.31.67%▼0.61.52%▼0.1
DIIs6.82%3.01%▼3.82.68%▼0.33.09%▲0.4
Public33.43%38.53%▲5.139.51%▲1.039.24%▼0.3

Financial Statements

MetricMar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales358331316369495559580589685
Expenses321285294331447486520538593
Operating Profit374622384873605192
OPM %10%14%7%10%10%13%10%9%13%
Net Profit17255111633302456
EPS ₹0.711.030.230.470.681.131.020.821.89

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,413Cr, up 59.7% YoY. OPM at 11%.

Debt Position

Borrowings at ₹378Cr. Debt-to-equity ratio: 0.50x. Moderate leverage.

Capex Cycle

CWIP at ₹187Cr (27% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 3.09% (-3.73pp change). FIIs: 1.52% (-2.09pp change). Promoters hold 56.15%.

Margin & Efficiency

ROCE improving from 0% (Mar 2021) to 19% (Mar 2026). Working capital days: 21.

Valuation

PE 22x with 19.1% ROCE. Price is 199% above book value of ₹35.8. Dividend yield: 0%.

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