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Sambhv Steel Tubes Ltd (SAMBHV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544430 NSE: SAMBHV Steel & Iron Products | Small Cap | Sambhv Steel Tubes Share Price

₹131.15 -1.55 (-1.17%)

As on 11-Sep'26 16:59

Sambhv Steel Tubes Ltd (SAMBHV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544430 NSE: SAMBHV Steel & Iron Products | Small Cap | Sambhv Steel Tubes Share Price

₹131.15 -1.55 (-1.17%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,865 Cr.
Current Price
₹131.2
52-Week Low / High
₹81 / 142
TTM EPS
₹5.6
TTM Sales
₹2,587 Cr.
Book Value per Share
₹37.7
P/E Ratio
23.45
Lower than its 5-year historical median
Industry PE
24.8
Price to Book (P/B)
3.48
Higher than its 5-year historical median
Price to Sales (P/S)
1.49
Lower than its 5-year historical median
EV/EBITDA
13.40
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
18.35%
Outperforms industry median
Return on Capital Employed (ROCE)
19.10%
Outperforms industry median
Return on Assets (ROA)
8.09%
Operating Profit Margin
11.4%
Net Profit Margin
5.89%
Gross Profit Margin
9.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
59.67%
Operating Profit Growth (1 Year)
-
78.81%
Net Profit Growth (1 Year)
-
148.21%
Asset Quality
Promoter Holding
56.11%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹815 Cr.
Equity
₹294.7 Cr.
Face Value
₹10
All Time Low / High
₹80.70 / 149.24

Sambhv Steel Tubes stock performance

Key Ratios
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Valuation

Somewhat Undervalued

Price Trend

Strong
Q.1 Is Sambhv Steel Tubes Ltd a good quality company?
Sambhv Steel Tubes Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sambhv Steel Tubes Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sambhv Steel Tubes Ltd vs industry peers?
Sambhv Steel Tubes Ltd revenue CAGR is %, compared to the industry median CAGR of 8.02%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Sambhv Steel Tubes Ltd?
Promoters hold 56.11% of the Sambhv Steel Tubes Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sambhv Steel Tubes Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 9.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sambhv Steel Tubes Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 29.7%23.3%22.3%14%19.2%-
Value Creation
Index
1.10.70.6-00.4-

Growth Parameters

Sales 8199371,2861,5112,4132,587
Sales YoY Gr.-14.4%37.2%17.6%59.7%-
Adj EPS 3.633.42.44.85.7
YoY Gr.--16.4%13.7%-30.2%101.3%-
BVPS (₹) 7.410.518.220.635.837.7
Adj Net
Profit
72.260.482.257.3141166
Cash Flow from Ops. 34.565.6142127216-
Debt/CF from Ops. 74.32.44.21.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA37.1%59.7%
Adj EPS NANA16.9%101.3%
BVPSNANA50.7%74.1%
Share Price - - - 9.2%

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
48.333.625.412.318.215.4
Op. Profit
Mgn %
15.212.512.510.211.511.6
Net Profit
Mgn %
8.86.46.43.85.96.4
Debt to
Equity
1.61.30.81.10.4-
Working Cap
Days
0838210911254
Cash Conv.
Cycle
0483821512

Valuation of Sambhv Steel Tubes - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'25Mar'26
Sales1,5112,413
Operating Expenses + 1,3572,137
Manufacturing Costs174234
Material Costs1,0641,722
Employee Cost 88134
Other Costs 3046
Operating Profit 154276
Operating Profit Margin (%) 10.2%11.4%
Other Income + 57
Exceptional Items 0-4
Interest 4741
Depreciation 3448
Profit Before Tax 78190
Tax 2148
Profit After Tax 57142
PAT Margin (%) 3.8%5.9%
Adjusted EPS (₹)2.44.8
Dividend Payout Ratio (%)0%0%
PARTICULARSMar'25Mar'26

Equity and Liabilities

Shareholders Fund + 4951,054
Share Capital 241295
Reserves 254759
Debt +452364
Long Term Debt330226
Short Term Debt121138
Minority Interest00
Trade Payables325554
Others Liabilities 142128
Total Liabilities 1,4132,100

Fixed Assets

Net Fixed Assets +750732
Gross Block821851
Accumulated Depreciation71119
CWIP 86192
Investments 0100
Inventories254443
Trade Receivables147223
Cash Equivalents 1684
Others Assets 161327
Total Assets 1,4132,100
PARTICULARSMar'25Mar'26
Cash Flow From Operating Activity + 126212
PBT 78190
Adjustment 7887
Changes in Working Capital -10-34
Tax Paid -20-31
Cash Flow From Investing Activity + -233-396
Capex -227-286
Net Investments 21-112
Others -282
Cash Flow From Financing Activity + 105241
Net Proceeds from Shares 0440
Net Proceeds from Borrowing 164-150
Interest Paid -53-42
Dividend Paid 00
Others -7-7
Net Cash Flow -257
PARTICULARSMar'25Mar'26
Ratios
ROE (%)11.5618.35
ROCE (%)12.5519.1
Asset Turnover Ratio1.091.41
PAT to CFO Conversion(x)2.211.49
Working Capital Days
Receivable Days34.9027.20
Inventory Days60.3051.20
Payable Days111.3093.20

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Sambhv Steel Tubes Ltd FAQs

The current trading price of Sambhv Steel Tubes on 11-Sep-2026 16:59 is ₹131.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Sambhv Steel Tubes stood at ₹3,864.6 Cr

The latest P/E ratio of Sambhv Steel Tubes as of 10-Sep-2026 is 23.21.

The latest P/B ratio of Sambhv Steel Tubes as of 10-Sep-2026 is 3.48.

The 52-week high of Sambhv Steel Tubes is ₹141.6 and the 52-week low is ₹80.70.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sambhv Steel Tubes is ₹2,587 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sambhv Steel Tubes Ltd is a below average quality company.

The key valuation ratios of Sambhv Steel Tubes Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sambhv Steel Tubes Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Sambhv Steel Tubes Ltd

Sambhv Steel Tubes Limited was originally incorporated on April 24, 2017 at Chhattisgarh, India as ‘Sambhv Sponge Power Private Limited’, a private limited company under the Companies Act, 2013 and was granted a certificate of incorporation by the Registrar of Companies, Central Registration Centre, on April 25, 2017. Subsequently, the name of the company was changed to ‘Sambhv Steel Tubes Private Limited’ pursuant to a special resolution adopted by its Shareholders on January 16, 2024 to more accurately reflect the nature of business of the company, and a fresh certificate of incorporation consequent upon change of name was issued to the company by the Registrar of Companies, Central Processing Centre, on February 22, 2024. The company was then converted into a public limited company under the Companies Act, 2013 pursuant to a special resolution adopted by its Shareholders on April 24, 2024, consequent to which, the name of the company was changed to ‘Sambhv Steel Tubes Limited’ and a fresh certificate of incorporation, consequent upon change of name, was issued to the company by the Registrar of Companies, Central Processing Centre, on July 9, 2024.

Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section). Its backward integration processes allow it to manufacture a range of finished products including ERW black pipes and tubes (hollow section), pre-galvanized (GP) pipes, Cold Rolled Full Hard (CRFH) Pipes and galvanized iron (GI) pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs and hot rolled (HR) coil, cold rolled (CR) coil (mild steel) and GP coils which are manufactured in-house. It is one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil.

Its products are rust-resistant and tailored to meet specific market requirements, ensuring wide application across multiple sectors including housing and infrastructure, water transportation, agriculture, automobile, telecommunications, oil and gas, engineering, solar energy, fire-fighting systems, and for support structures of conveyors. It is amongst a very limited number of players in India, manufacturing stainless steel coils with backward integration and currently have the capability of manufacturing stainless steel (SS) blooms/slabs which are captively consumed to produce HR coil, hot rolled annealed pickled (SS HRAP) coil and CR coil. 

Business area of the company 

Sambhv Steel Tubes 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 the group is an integrated manufacturer of diverse range of steel products.

Products of the company

  • Sponge iron
  • Blooms/ slabs (Mild steel and stainless steel)
  • Narrow-width hot rolled HR coil (mild steel and stainless steel)
  • Electric ERW black pipes and tubes
  • GI pipes
  • Steel door frames
  • CR coils (mild steel)
  • GP coils
  • Stainless Steel HR annealed and pickled (HRAP) coils
  • Stainless Steel CR coils
  • CRFH pipes
  • GP pipes

Awards, accreditations and recognitions

  • 2022: Its Chairman and Executive Director, Suresh Kumar Goyal was recognised as one of the Times Most Powerful Leaders 2022.
  • 2023: The company’s management system was found to conform to (i) quality management system standard ISO 9001:2015; (ii) environmental management system standard ISO 14001:2015; (iii) occupational health and safety management system standard ISO 45001:2018; and (iv) energy management system standard ISO 50001:2018 by Staunchly Management and System Services Limited.
  • 2024: Its Managing Director and Chief Executive Officer, Vikas Kumar Goyal was awarded the Young Leader award 40 under 40 2024 by the Brand Story at the Asian Brand & Leadership Conclave 2024, New Delhi.
  • 2024: The company was awarded the Ispat Udyog Ratan Award for ‘Excellence in Market Presence’ by AIIFA, Sustainable Steel Manufacturers Association.
  • 2025: The company has been certified as a great workplace by Great Place to Work, India.

History and milestones

  • 2018: Acquired the Sarora (Tilda) Facility and commenced manufacturing sponge iron with installed capacity of 60,000 MTPA.
  • 2019: Increased the sponge iron installed capacity to 90,000 MTPA.
  • 2020: Commissioned a 15 MW captive power plant and commenced manufacturing blooms/slabs with installed capacity of 120,000 MTPA.
  • 2022: Increased the installed capacity of blooms/slabs to 150,000 MTPA and commenced manufacturing HR coils with installed capacity of 150,000 MTPA. 
  • 2023: Received investment from certain investors.
  • 2024: Increased the installed capacity of blooms/slabs to 317,400 MTPA and commenced manufacturing GI pipes.
  • 2024: Commissioning of dedicated 132 KvA power line.
  • 2025: The company was converted into a public limited company 
  • 2025: Increased the installed capacity of sponge iron to 280,000 MTPA, increased the installed capacity of HR coil to 390,000 MTPA, allocated the installed capacity of blooms/slabs for mild steel to 300,000 MTPA, increased the installed capacity of ERW and GI pipes to 350,000 MTPA and increased installed capacity of captive power plant to 25 MW.
  • 2025: Commissioned production of stainless-steel blooms/slabs with installed capacity of 60,000 MTPA and stainless steel HR coil with installed capacity of 60,000 MTPA.
  • 2025: Commissioned production of GP coils, GP pipes, SS HRAP coils and SS CR coils.
  • 2025: Acquisition of 100% of the equity share capital of its Subsidiary pursuant to share purchase agreement dated September 13, 2024.

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