Vibhor Steel Share Price to be in Focus Following ₹17 Crore Order

Vibhor Steel Tubes Receives New Order Valued at ₹16.87 Crore

Market Update: Shares of Vibhor Steel Tubes are expected to attract investor interest in Friday's trade, March 20, following the company's announcement of a fresh order win.

Order Details: The company has received a new work order from Agrawal Infracab Pvt Ltd for the supply of transmission towers, valued at ₹16.87 crore. Vibhor Steel Tubes has clarified that neither the promoter nor the promoter group companies have any interest in the entity that awarded the order, and the order does not fall under related-party transactions.

Quarterly Performance: In the December-ending quarter (Q3FY26), Vibhor Steel Tubes reported a 23% increase in revenue at ₹304 crore, compared with ₹247.43 crore in the same period last year. EBITDA stood at ₹11.39 crore, while earnings per share (EPS) came in at ₹0.87 during the quarter. Net profit stood at ₹1.66 crore, lower than ₹3.43 crore in the corresponding period last year.

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Business Overview: Vibhor Steel Tubes manufactures steel products such as electric resistance welded (ERW) pipes, hot-dipped galvanized pipes, hollow section pipes, primer-painted pipes, metal beam barriers, transmission towers, high mast lighting poles, octagonal poles, and monopoles, among others.

Stock Performance: The company's shares have remained under pressure, hitting record lows amid consistent declines in recent months. The stock has fallen 28% over the past seven months and is trading 25.6% below its IPO price of ₹151. The company's market capitalisation stands at ₹212 crore as of today.