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Business Standard
a day ago
- Business
- Business Standard
Sambhv Steel Tubes shares surge 7% on Q1 business update; details here
Shares of Sambhv Steel Tubes Ltd. rose over 7 per cent on Tuesday after it reported its sales volume growth for the first quarter of the financial year 2026 (Q1-FY26). The iron and steel products manufacturer's stock rose as much as 7.03 per cent during the day to ₹125.8 per share. The stock pared gains to trade 4.7 per cent higher at ₹123.1 apiece, compared to a 0.25 per cent advance in Nifty 50 as of 10:33 AM. Shares of the company listed on the stock exchange on July 2 and currently trade at 0.8 times the average 30-day trading volume, according to Bloomberg. The counter has risen by over 45 per cent from its issue price of 82 per share. Sambhv Steel has a total market capitalisation of ₹3,630.35 crore. Sambhv Steel Tubes Q1 business update In Q1 FY26, sales of Pre-Galvanised (GP) Coils and Pipes stood at 19,984 tonnes, while Stainless Steel Coils contributed 9,439 tonnes. No sales figures of these product categories were reported in Q1 FY25. Structural Pipes and Tubes, part of the company's core value-added offerings, recorded a volume of 50,294 tonnes in the quarter, compared to 54,267 tonnes in the year-ago period. Overall, value-added product volumes rose to 79,717 tonnes in Q1 FY26 from 54,267 tonnes in Q1 FY25. Intermediate products also saw healthy traction, with volumes rising to 12,989 tonnes in Q1 FY26 from 7,641 tonnes in Q1 FY25, a 70 per cent increase. This brought the company's total sales volume to 92,706 tonnes in Q1 FY26, up 50 per cent from 61,908 tonnes in the same quarter last year. For the full year FY25, Sambhv Steel had reported total sales volumes of 290,581 tonnes, up from 223,262 tonnes in FY24. In the quarter ended March 2025, the company's revenue fell by 67.2 per cent to ₹495.2 crore, compared to ₹1,511.3 crore in the same period last year. Net profit dropped 71 per cent to ₹16.5 crore, from ₹57.2 crore a year ago. Sambhv Steel Tubes IPO Overview The ₹540 crore public offering of Sambhv Steel Tubes, offered at a price band of ₹77 to ₹82, received total bids for 1,40,02,52,308 shares against the 4,92,06,100 shares offered. This led to an oversubscription of 28.46 times by the end of the subscription period, according to data available on the NSE. Incorporated in 2017, Sambhv Steel Tubes manufactures Electric Resistance Welded (ERW) steel pipes and structural tubes. Sambhv also operates in the stainless steel coils space, serving diverse sectors like infrastructure, agriculture, automotive, and energy.
Business Upturn
2 days ago
- Business
- Business Upturn
Sambhv Steel Tubes Q1 FY26 sales volume jumps 50% YoY to 92,706 tonnes on strong high-value product growth
By Aditya Bhagchandani Published on July 14, 2025, 17:48 IST Sambhv Steel Tubes Limited reported a robust 50% year-on-year growth in total sales volume for the first quarter of FY26, reaching 92,706 tonnes, compared to 61,908 tonnes in Q1 FY25. The company highlighted strong traction in high-value product categories, especially Pre-Galvanised (GP) Coils and Pipes and Stainless Steel Coils, underscoring its strategic focus on premium offerings. In the value-added products segment, sales stood at 79,717 tonnes in Q1 FY26, up from 54,267 tonnes in the same period last year. Notably, Pre-Galvanised (GP) Coils and Pipes contributed 19,984 tonnes, and Stainless Steel Coils contributed 9,439 tonnes, categories where no sales were reported in the corresponding quarter of FY25. Sales of Structural Pipes and Tubes (including ERW black pipes, GI pipes, and CRFH Pipes) were 50,294 tonnes, slightly lower than 54,267 tonnes in Q1 FY25. In the intermediate products category, volumes rose to 12,989 tonnes from 7,641 tonnes in Q1 FY25, marking a healthy growth of over 70%. The company continues to benefit from its backward integration, enabling it to produce a diversified range of steel pipes, tubes, and coils at competitive costs. Sambhv operates two manufacturing facilities in Chhattisgarh with a combined capacity of 350,000 MTPA ERW pipes and tubes, 100,000 MTPA GP pipes, and 58,000 MTPA stainless steel coils. Sambhv distributes its products through 43 distributors across 15 states and one union territory, reaching customers via a network of over 700 dealers. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
