Sambhv Steel Tubes Limited · NSE:SAMBHV
Sambhv Steel Tubes — Q1 FY26 Earnings Presentation
37 slides from Sambhv Steel Tubes's earnings presentation, Jul 25, 2025
Slide 1: Exchange filing cover letter
July 24, 2025 To, To, Listing Compliance Department Listing Compliance Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street, Bandra (East), Mumbai– 400051 Mumbai - 400 001 Symbol: SAMBHV Scrip Code: 544430 Dear Sir / Madam, Su
Slide 2: Q1FY26 Investor Presentation, July 2025
SAMBHV STEEL TUBES LIMITED Q1FY26 Investor Presentation, July 2025
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sambhv Steel Tubes Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and sha
Slide 4: Table Of Contents
Table Of Contents Business Overview 01 Diversified Product Portfolio 02 Key Investment Thesis 03 Future Outlook 04 Q1FY26 Performance Highlights 05
Slide 5: Management Commentary
Management Commentary “Sambhv Steel Tubes Limited, recognized as single-location backward-integrated producer of structural pipes and tubes along with stainless steel coils, marked a key achievement with its debut on India’s premier stock exchanges. IPO proceeds have been deployed towards reducing d
Slide 6: Business Overview
Business Overview
Slide 7: FY25 at a Glance
FY25 at a Glance Key Financial Highlights (FY25) INR 15,114 Mn INR 1,611 Mn INR 1,546 Mn INR 580 Mn INR 5,624 Revenue Total EBITDA* EBITDA PAT EBITDA /T (Excl. Sponge Iron) INR 5,321 INR 1,274 Mn 3.5x 18 Days 11.9% EBITDA / T Cash Flow from Operations Debt / EBITDA Working Capital Cycle ROCE Key Ope
Slide 8: Key Milestones
Key Milestones FY18 FY19 FY20 FY22 FY23 FY24 FY25 FY26 Commenced Commissioned Increased the capacity of Expanded the capacity of operation with the 15MW power plant Sponge iron to 105,000 sponge iron to 280,000 MTPA, manufacturing of (6 MW WHRB + 9 MW MTPA, blooms/slabs to HR coils to 390,000 MTPA,
Slide 9: Detailed Manufacturing Process Flow
Detailed Manufacturing Process Flow Backward Integrated Steel & Pipes Manufacturing facility 8
Slide 10: Diversified Product Portfolio
Diversified Product Portfolio
Slide 11: Diversified product portfolio across the ERW black pipe value chain (1/3)
Diversified product portfolio across the ERW black pipe value chain (1/3) ERW Black Pipes & Tubes Capability to produce ERW pipes & tubes with thickness of 1.20mm to 5.00mm from in-house HR Coils available in following configuration: (i) square section from 15mm x 15mm to 113mm x 113 mm (ii) rectang
Slide 12: Diversified product portfolio across pre-galvanised pipe value chain (2/3)
Diversified product portfolio across pre-galvanised pipe value chain (2/3) GP Coils and Pre-Galvanized (GP) Pipes & tubes Bloom/Slabs Narrow Width HR Coils Pre-Galvanized (GP) Sponge Iron Cold Rolled (CR) Coils GP Coils (Mild Steel) (Mild Steel) Pipes Refined form of iron Semi-finished steel Deformi
Slide 13: Diversified product portfolio across the stainless steel value chain (3/3)
Diversified product portfolio across the stainless steel value chain (3/3) Stainless Steel Blooms/Slabs Narrow Width HR Coils Stainless Steel Stainless Steel (Stainless Steel) (Stainless Steel) HRAP Coils CR Coils Semi-finished steel Deforming blooms/ slabs Manufactured by Manufactured by cold produ
Slide 14: Key Investment Thesis
Key Investment Thesis
Slide 15: Key Strengths
Key Strengths Single Location Backward Integrated Facility For Manufacturing ERW Steel Pipes & Tubes Track Record Of Healthy Financial Strategically Located Manufacturing Plants Performance Resulting In Operational Efficiencies 1 7 2 6 3 Strong Process Innovation And Execution Experienced Promoters
Slide 16: Single location backward integrated facility for ERW steel pipes
1A Single location backward integrated facility for ERW steel pipes Integrated manufacturing facility located in Sarora (Raipur) Presence across the value chain Forward HR Coils Sponge Blooms / Slabs CR ERW/GI GP Integration Power (MS* & SS #) (MS* & SS #) Iron Coils Pipes Pipes over the & Tubes yea
Slide 17: Increased capacity of value added finished products over years
1B Increased capacity of value added finished products over years Installed Capacity (MTPA) Capacity Utilization Particulars March 31, 2025 March 31, 2024 March 31, 2023 March 31, 2022 March 31, 2025 March 31, 2024 March 31, 2023 March 31, 2022 Sponge Iron 2,80,000 1,05,000 1,05,000 90,000 89.03% 11
Slide 18: Strategically located manufacturing plants resulting in operational efficiencies
2 Strategically located manufacturing plants resulting in operational efficiencies Chhattisgarh Maharatna (PSU) 250 km from Sarora, Coal Mines subsidiary of largest coal producer in India. Long term supply agreements in place Kesda Sarora Facility (spread across 364,770 sqm) Kuthrel (Tilda) Facility
Slide 19: Strong process innovation & execution allowing value-added products
3A Strong process innovation & execution allowing to produce value-added products Secondary route for manufacturing HR Coil Manufacture of Stainless Steel through AOD process • Producing HR coils through a secondary manufacturing route, • Scrap/virgin raw materials melted, decarburized & refined in
Slide 20: Wide-spread well connected distribution network across India
4 Wide-spread well connected distribution network across India Increasing distribution network across the country FY23 FY24 FY25 2 2 1 1 1 1 1 1 1 1 1 1 8 1 9 1 4 1 4 2 5 2 1 1 1 1 1 6 8 10 2 2 2 1 2 3 2 3 2 1 1 1 39 Distributors 43 Distributors 20 Distributors 600+ Dealers 700+ Dealers The company
Slide 21: Well-positioned to take advantage of growing demand for ERW steel pipes & tubes
5 Well-positioned to take advantage of growing demand for ERW steel pipes & tubes Global steel demand is primarily led by China & India, further room to increase per capita consumption in India at par with global economies Global Steel Demand (MMTPA) Global per capita steel consumption (CY23) - Kg I
Slide 22: Experienced promoters and management team with vast experience
6 Experienced promoters and management team with vast experience Suresh Kumar Goyal, Chairman & Executive Director Brijlal Goyal, Promoter • 20+ years of experience in steel manufacturing, a veteran in industry. • 34+ years of experience in steel and plastics manufacturing. • Received Times Most Pow
Slide 23: Track record of healthy financial performance
7A Track record of healthy financial performance Revenue (INR Million) Gross Profit (INR Million) CAGR: 23% CAGR: 31% 15,114 5,000 Gross profit Gross Profit Margin 4,469 100.0% 12,858 4,000 3,656 80.0% 9,372 8,193 3,000 2,405 60.0% 1,995 2,000 29.57% 40.0% 1,000 20.0% 24.35% 25.66% 28.43% - 0.0% FY2
Slide 24: Track record of healthy financial performance
7B Track record of healthy financial performance Sales Volume (MTPA)* Finished Goods Sales Segmentation FY25 (By Value) Structural Pipes and Tubes Pre-Galvanised (GP) Coils and Pipes Stainless Steel Coils Intermediate Products 14% Intermediate Products 2,90,393 3% 2,23,262 55,565 5% Others 9,745 1,5
Slide 25: Track record of healthy financial performance
7C Track record of healthy financial performance Working Capital Cycle^ (Days) Return Ratios (%) 57 ROCE ROE 64 47 41 34 29 25 18 20 18 12 12 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Debt Metrics Cash Flow from Operations to EBITDA Ratio Debt/Equity Debt/EBITDA Interest Coverage Ratio 6.1 0.89 0.82 4
Slide 26: Annual Income Statement
7D Annual Income Statement Particulars (Rs. Mn) FY25 FY24 FY23 FY22 Net Revenue from Operations 15,114 12,858 9,372 8,193 Revenue CAGR Total Expenditure 13,567 11,259 8,200 6,948 23% FY22-FY25 EBITDA 1,547 1,599 1,172 1,245 EBITDA Margin (%) 10.23% 12.43% 12.52% 15.20% Other Income 65 36 18 14 Depre
Slide 27: Annual Balance Sheet
7E Annual Balance Sheet Assets (Rs.in Mn) FY25 FY24 FY23 FY22 EQUITY AND LIABILITIES FY25 FY24 FY23 FY22 (Rs. In Mn) Fixed Assets 7,150 3,367 2,940 2,353 Share Capital 2,410 2,410 201 201 Work-In-Progress 857 2,156 215 167 Other Equity 2,550 1,973 1,903 1,292 Goodwill Total Equity 4,960 4,383 2,104
Slide 28: Annual Cash Flow Statement
7E Annual Cash Flow Statement March March March March March March March March For the year ended (INR Million) For the year ended (INR Million) 31, 2025 31, 2024 31, 2023 31, 2022 31, 2025 31, 2024 31, 2023 31, 2022 A. Cash flow from operating activities B. Cash flow from investing activities Profit
Slide 29: Future Outlook
Future Outlook
Slide 30: Key strategies (1/2)
Key strategies (1/2) Capacity Expansion Increase Distribution Network Value Added Products and Customization Commissioned Kuthrel facility in FY25 with focus on GP Expand reach to other States while increasing the Continue to develop new value added products and Coils, GP Pipes, stainless steel HRAP
Slide 31: Key strategies (2/2)
Key strategies (2/2) Cost Optimisation Brand Building Continue to implement branding initiatives including Machining capabilities, automation of processes, impactful advertisements across electronic media, adherence to high quality standards help in achieving outdoor branding, digital platforms, & p
Slide 32: Q1FY26 Performance Highlights
Q1FY26 Performance Highlights
Slide 33: Q1FY26 at a Glance
Q1FY26 at a Glance Key Financial Highlights (Q1FY26) INR 5,586 Mn INR 735 Mn INR 727 Mn INR 334 Mn INR 8,600 Revenue Total EBITDA^ EBITDA PAT EBITDA /T (Excl. Sponge Iron) INR 7,843 INR 391 Mn 1.8x 22.6% 21 Days EBITDA / T Cash Flow from Operations* Debt / EBITDA* ROCE** Working Capital Cycle* Key O
Slide 34: Q1FY26 Quarterly Strategic Updates
Q1FY26 Quarterly Strategic Updates Public hearing for Environmental Improved capacity utilization in the Clearance of the Kesda Plant was Pre-galvanized (GP) Pipes and successfully conducted by Chhattisgarh Stainless Steel divisions. Environment Conservation Board. Achieved highest quarterly Consent
Slide 35: Financial Highlights
Financial Highlights Revenue (INR Million) Gross Profit (INR Mn) & Margin 69% Gross Profit Gross Profit Margin 5,586 2,000 33% 4,953 31.61% 1,672 32% 1,500 1,374 3,308 31% 1,046 30% 1,000 27.75% 29.92% 29% 500 28% 27% - 26% Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 EBITDA (INR Million) & Margin PAT
Slide 36: Detailed Income Statement
Detailed Income Statement Particulars (Rs. Mn) Q1FY26 Q1FY25 Q4FY25 YoY QoQ FY25 FY24 YoY Net Revenue from Operations 5,586 3,308 4,953 69% 13% 15,114 12,858 18% Total Expenditure 4,859 2,848 4,471 71% 9% 11,259 20% 13,567 EBITDA 727 460 482 58% 51% 1,547 1,599 (3%) EBITDA Margin (%) 13.02% 13.89% 9
Slide 37: Company Contact
Company Contact - cs@sambhv.com; camayank@sambhv.com Sana Kapoor Sheetal Khanduja Go India Advisors Go India Advisors Investor Relations sana@GoIndiaAdvisors.com sheetal@GoIndiaAdvisors.com M:+91 81465 50469 M:+91 97693 64166