Sambhv Steel Tubes Limited · NSE:SAMBHV
Sambhv Steel Tubes — Q4 FY2026 Earnings Presentation
44 slides from Sambhv Steel Tubes's earnings presentation, May 10, 2026
Slide 1: Cover letter to stock exchanges
May 10, 2026 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 Sub.: In
Slide 2: Q4FY26 & FY2026 Investor Presentation
SAMBHV STEEL TUBES LIMITED Q4FY26 & FY2026 Investor Presentation, May 2026
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 Content
Table Of Content Q4FY26 & FY2026 Performance Highlights Business Overview Diversified Product Portfolio Key Investment Thesis Future Outlook
Slide 5: Management Commentary
Management Commentary “Sambhv Steel Tubes Limited delivered a landmark performance in FY2026, achieving its highest-ever annual financial results. Revenue, EBITDA, and PAT for FY2026 grew by 60%, 79%, and 147%, respectively, from last year, reflecting strong operational execution, disciplined cost m
Slide 6: Q4FY26 & FY2026 Performance Highlights
Q4FY26 & FY2026 Performance Highlights
Slide 7: Q4FY26 - Key Strategic Updates
Q4FY26 - Key Strategic Updates Public hearing successfully completed Signed an MoU with the Ministry for proposed 30 MW power plant at of Steel under the PLI Scheme 1.2 Sarora, Raipur for manufacturing Stainless Steel CR Coils Received product approval from Executed 6 new MoUs with stainless-steel N
Slide 8: Q4FY26 at a Glance
Q4FY26 at a Glance Key Financial Highlights INR 6,853 Mn INR 962 Mn INR 922 Mn INR 558 Mn INR 9,512 Revenue Total EBITDA Operating EBITDA PAT Op. EBITDA /T (Ex. Sponge Iron) INR 8,555 INR 1,549 Mn 0.59x 22.85% 15 Days Op. EBITDA / T Cash Flow from Operations** Net Debt / Op. EBITDA* ROCE* Working Ca
Slide 9: FY2026 at a Glance
FY2026 at a Glance Key Financial Highlights INR 24,132 Mn INR 2,836 Mn INR 2,763 Mn INR 1,433 Mn INR 7,517 Revenue Total EBITDA Operating EBITDA PAT Op. EBITDA /T (Ex. Sponge Iron) INR 6,964 INR 2,158 Mn 0.78x 15.97% 17 Days Op. EBITDA / T Cash Flow from Operations Net Debt / Op. EBITDA ROCE Working
Slide 10: Future Roadmap – Vision 2030
Future Roadmap – Vision 2030 Building Scale, Driving Integration and Creating Long Term Value Finished Product Capacity Addition (Metric Ton Per Annum) Strategic Growth Drivers Undertaking Greenfield expansion at Kesda & Kuthrel Unit-II to 12,00,000 20,32,000 add 1.2 MMTPA finished product capacity
Slide 11: Master Plan for Phased Capacity Build-Up
Master Plan for Phased Capacity Build-Up 10
Slide 12: From Ground to Structure: On-Site Execution Progress
From Ground to Structure: On-Site Execution Progress Captive Power Plant – 25MW SMS, Hot Rolling Mill and HRAP Line Air-Cooled Condenser (ACC) Stack (Height – 26.75mtr.) HRM and HRAP Boiler Building Shed & ESP Turbine Building (Height – 26mtr.) Casting of ~8000 cubic meter achieved Hot Rolling Mill
Slide 13: From Plan to Progress: Execution Schedule and Status
From Plan to Progress: Execution Schedule and Status Target Target Division Work Description Current Status Division Work Description Current Status Timeline Timeline Project Office & Labour Quarter Construction Completed Key Machineries Ordering Q4FY26 Completed Q3FY26 Civil Work for Technological
Slide 14: FY2026 Financial Highlights
FY2026 Financial Highlights Revenue (INR Million) Gross Profit (INR Million) & Margin (%) 9,000 35.00% 60% 8,500 28.65% 8,000 30.00% 7,500 7,000 29.57% 6,500 25.00% 6,000 5,500 20.00% 5,000 4,500 4,000 15.00% 3,500 15,114 24,132 3,000 2,500 4,469 6,913 10.00% 2,000 1,500 5.00% 1,000 500 - 0.00% FY25
Slide 15: Q4FY26 Financial Highlights
Q4FY26 Financial Highlights Revenue (INR Million) Gross Profit (INR Million) & Margin (%) 38% Gross Profit Margin 2,200 29.85% 31.00% 2,000 30.00% 1,800 26.80% 1,600 27.75% 29.00% 1,400 1,200 28.00% 6,853 1,000 27.00% 4,953 5,891 800 2,046 600 1,374 1,579 26.00% 400 25.00% 200 - 24.00% Q4FY25 Q3FY26
Slide 16: Detailed Income Statement
Detailed Income Statement Particulars (INR Million) Q4FY26 Q4FY25 Q3FY26 YoY QoQ FY2026 FY2025 YoY Net Revenue from Operations 6,853 4,953 5,891 38% 16% 24,132 15,114 60% Total Expenditure 5,931 4,471 5,380 33% 10% 21,369 13,567 58% Operating EBITDA 922 482 511 91% 80% 2,763 1,546 79% Operating EBIT
Slide 17: FY26 Balance Sheet
FY26 Balance Sheet Asset (INR Million) FY2026 FY2025 Equity & Liabilities (INR Million) FY2026 FY2025 Fixed Assets 6,991 7,150 Share Capital 2,947 2,410 Work-In-Progress 1,872 857 Other Equity 7,608 2,550 Goodwill Total Equity 10,554 4,960 Intangible Assets - - Financial Liabilities Investments 652
Slide 18: Business Overview
Business Overview
Slide 19: Key Milestones
Key Milestones FY18 FY19 FY20 FY22 FY23 FY24 FY25 FY26 Expanded the capacity of sponge iron to 280,000 MTPA, Commenced HR coils to 390,000 MTPA, ERW Commissioned Increased the capacity of & GI Pipes to 350,000 MTPA, operation with the 15MW power plant Sponge iron to 105,000 and the power plant to 25
Slide 20: Detailed Manufacturing Process Flow
Detailed Manufacturing Process Flow Backward Integrated Steel & Pipes Manufacturing facility 19
Slide 21: Diversified Product Portfolio
Diversified Product Portfolio
Slide 22: 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 23: 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 Sponge Iron Bloom/Slabs Narrow Width HR Pre-Galvanized (GP) Pre-Galvanized (GP) Cold Rolled (CR) Coils (Mild Steel) Coils (Mild Steel) Coils Pipes Refined form Semi-finished Defo
Slide 24: 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 25: Key Investment Thesis
Key Investment Thesis
Slide 26: 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 27: Single location backward integrated facility for ERW steel pipes
1A Single location backward integrated facility for ERW steel pipes Integrated manufacturing facility located at Sarora, Raipur Presence across the value chain Forward Integration Sponge Blooms / HR Coils Pre- ERW/GI Pre- Power CR Pipes Galvanized over the Iron Slabs (MS* & SS #) Coils Galvanized (M
Slide 28: 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 FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 Sponge Iron 280,000 280,000 105,000 105,000 90,000 81.46% 89.03% 114.67% 111.32% 120.16% Bloom/
Slide 29: Strategically located manufacturing plants resulting in operational efficiencies
2 Strategically located manufacturing plants resulting in operational efficiencies In the State of Chhattisgarh Maharatna (PSU) 250 km from Sarora, Coal Mines subsidiary of largest coal producer in India. Long term supply agreements in place Kesda Land Area = 4,09,920 SQM Sarora Facility (spread acr
Slide 30: Strong process innovation & execution allowing to produce 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 31: Wide-spread well connected distribution network across India
4 Wide-spread well connected distribution network across India FY2024 FY2025 FY2026 2 2 2 1 1 1 1 1 1 1 1 1 1 1 8 1 9 1 10 1 1 4 2 5 2 6 3 1 1 1 1 1 1 8 10 11 2 2 2 2 3 2 3 2 3 1 1 1 39 Distributors 43 Distributors 47 Distributors 600+ Dealers 700+ Dealers 1000+ Dealers The company has built a stron
Slide 32: 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 33: Experienced promoters and management team with vast experience
6A Experienced promoters and management team with vast experience Suresh Kumar Goyal, Chairman & Executive Director Brijlal Goyal, Promoter • 25+ years of experience in steel manufacturing, a veteran in • 35+ years of experience in steel and plastics manufacturing industry • Played a pivotal role in
Slide 34: Experienced promoters and management team with vast experience
6B Experienced promoters and management team with vast experience Backed by an Experienced set of Independent Directors Manoj Khetan, Independent Director Nidhi Thakkar, Independent Director • Holds a bachelor's degree in commerce from the University of • Holds a bachelor's degree in chemical engine
Slide 35: Track record of healthy financial performance
7A Track record of healthy financial performance Revenue (INR Million) Gross Profit (INR Million) CAGR: 37% CAGR: 42% 24,132 Gross profit Gross Profit Margin 6,913 7,000 100.00% 15,114 6,000 80.00% 12,858 5,000 4,469 3,656 60.00% 9,372 4,000 3,000 2,405 40.00% 2,000 28.43% 29.57% 28.65% 20.00% 1,000
Slide 36: Track record of healthy financial performance
7B Track record of healthy financial performance Sales Volume (MTPA)* Finished Goods Sales Segmentation FY26 (By Value) Pre Galvanised (GP) Coils and Pipes Stainless Steel Coils Intermediate Products 2.10% Intermediate Products Structural Pipes & Tubes 5.40% Structural Pipes & Tubes Pre Galvanized (
Slide 37: Track record of healthy financial performance
7C Track record of healthy financial performance Working Capital Cycle^ (Days) Return Ratios (%) 57 ROCE ROE 41 34 25 18 17 20 18 18 16 12 12 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Debt Metrics Cash Flow from Operations to Op. EBITDA Ratio Debt/Equity Debt/Op. EBITDA Interest Coverage Ratio 5.3 0.8
Slide 38: Annual Income Statement
7D Annual Income Statement Particulars (INR Million) FY2026 FY2025 FY2024 FY2023 Net Revenue from Operations 24,132 15,114 12,858 9,372 Revenue CAGR Total Expenditure 21,369 13,567 11,259 8,200 37% FY23-FY26 EBITDA 2,763 1,546 1,599 1,172 EBITDA Margin (%) 11.45% 10.23% 12.43% 12.52% Other Income 73
Slide 39: Annual Balance Sheet
7E Annual Balance Sheet Asset (INR Million) FY2026 FY2025 FY2024 FY2023 Equity & Liability (INR Million) FY2026 FY2025 FY2024 FY2023 Fixed Assets 6,991 7,150 3,367 2,940 Share Capital 2,947 2,410 2,410 201 Work-In-Progress 1,872 857 2,156 215 Other Equity 7,608 2,550 1,973 1,903 Goodwill Total Equit
Slide 40: Annual Cash Flow Statement
7E Annual Cash Flow Statement For The Year Ended (INR Million) FY2026 FY2025 FY2024 FY2023 For the year ended (INR Million) FY2026 FY2025 FY2024 FY2023 A. Cash flow from operating activities B. Cash flow from investing activities Profit before tax 1,918 790 1,108 811 Payments for purchase of propert
Slide 41: Future Outlook
Future Outlook
Slide 42: 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 43: 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 44: Company Contact and Investor Relations
Company Contact - cs@sambhv.com; camayank@sambhv.com; prachal.kothari@sambhv.com Sana Kapoor Sakshi Narvekar Go India Advisors Go India Advisors Investor Relations sana@GoIndiaAdvisors.com sakshiN@GoIndiaAdvisors.com M:+91 81465 50469 M:+91 87792 63625