Vibhor Steel Tubes Ltd - Stock Valuation and Financial Performance

Vibhor Steel Tubes Limited was originally incorporatedas ‘Vibhor Steel Tubes Private Limited’ a private limited company under the Companies Act, 1956 at, pursuant to a certificate of incorporation dated April 16, 2003 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter, the Company was converted from private to public company, pursuant to a special resolution passed by the shareholders of the Company on June 14, 2023 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Delhi (RoC) on July 07, 2023.

The company is manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. It is 2 decades old manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India. Steel pipes and tubes can be used for many purposes such as steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc. 

The company has a very wide range of steel pipes and tubes products. The lengths of the steel pipes & tubes in different ranges unless otherwise specified by the customers. It manufactures steel pipes and tubes in various shapes and sizes such square, round, rectangular and elliptical or any special shape. The company is working with Jindal Pipes Limited since 2003. It manufactures & supplies the finished goods for ‘Jindal Pipes Limited’ (“Jindal”) vide the renewed agreement dated April 01, 2023 under the brand name ‘Jindal Star’. 

Business area of the company

The company is engaged in the business of manufacturing of ERW Pipes & Tubes, Galvanized Pipes & Tubes and Crash Barriers.

Products of the company

• ERW (Electric Resistance Welded) pipes
• Hot-dipped galvanized pipes
• Hollow sections tubes
• Crash barrier

History and milestones

• 2003: The Company was incorporated as ‘Vibhor Steel Tubes Limited’.
• 2004: Mills were made operative with production capacity of 25,000 MTPAin unit I.
• 2007: Capacity doubled to 60,000 MTPA.
• 2008: New factory unit I having 8 mill & a new galvanized line was set up.
• 2011: Company manufactured 90,000 MTPA with helpof advanced tube mill imported from Australia and state of the art slitting line from USA.
• 2013: Started exporting to Egypt.
• 2017: Factory set up in Telangana with capacity of 96,000 MTPA (Unit -II).
• 2018: Size 12” Tube mill has been started at Telangana Unit in the year 2018 and its Unit-II has executed turnover Rs 113.00 crore.
• 2019: Company has achieved a Turnover of more than Rs 500 crore.
• 2022: Company has added a ware house in Hisar, Haryana.
• 2022: Company has achieved a Turnover of more than Rs 800 crores and its profit has also increased to Rs 11.48 crore. 
• 2023: Company has achieved a Turnover of more than Rs 1,100 crore and its profit has also increased by more than 80%. 
• 2023: Company has added the production of two new products i.e., Square Pipe and crash barriers.
• 2023: Conversion of Company from Private to Public under the Companies Act, 2013.
• 2023: Company has acquired the land in Orrisa for setting up a new plant (Unit -III).