Vibhor Steel Tubes share price target 2024, 2025, 2026, 2027 To 2030

In this article, we delve into a comprehensive analysis of Vibhor Steel Tubes Ltd share price targets for the years 2024, 2025, 2026, 2027, 2028, 2029, and 2030. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

About Vibhor Steel Tubes Ltd

Vibhor Steel Tubes Limited is a leading manufacturer of high-quality steel products in India, aiming to establish a strong global presence. The company specializes in producing premium mild steel tubes and pipes, including galvanized pipes and welded black tubes, catering to diverse sectors such as domestic, agricultural, and industrial.

Located in Raigarh, Maharashtra, the company’s state-of-the-art manufacturing facility is equipped to produce a range of products, including Hollow Section, GI, and Black pipes, sized from 1/2” to 8”. With recent expansions and modernization efforts in the 8” pipe manufacturing unit, the company has boosted its production capacity to 60,000 MT per annum. Adherence to strict specifications of Indian and International standards ensures that Vibhor Steel Tubes Limited’s products consistently meet high-quality standards.

Founded	2003
Listing Date	20 Feb 2024
Sector	Steel Tubes
Headquarters	Hisar, Haryana
Official Website	vstlindia.com

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Financial Details

As of February 20, 2024, the market capitalization stands at ₹205 crore.

The stock’s price-to-earnings (P/E) ratio is 10.17, reflecting its valuation relative to earnings.

The return on capital employed (ROCE) is at 25.51%, indicating the efficiency of capital utilization, while the return on equity (ROE) stands at 16.48%, showcasing the returns generated for shareholders.

The debt-to-equity ratio is 1.63, suggesting the company’s leverage position, with a total debt of ₹160.27 crore.

Earnings per share (EPS) are at ₹14.85. Despite a high sales growth of 36.1 %, these metrics provide insights into the financial performance and position of the company in the market.

Market Cap	₹ 205 Cr	Stock P/E	10.17
ROCE	25.51%	ROE	16.48%
Debt to equity	1.63	Debt	160.27
EPS	14.85	Sales growth	36.1 %

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Financial Statement

As of February 20, 2024, the financial performance for the years 2021, 2022, and 2023 unfolds as follows:

Net Sales:

• In 2021, net sales amounted to ₹511 crore.
• This figure saw a notable increase to ₹818 crore in 2022.
• Continuing the upward trajectory, net sales surged further to ₹1,113 crore in 2023.

Expenses:

• Correspondingly, expenses rose over the same period.
• In 2021, expenses stood at ₹491 crore.
• By 2022, expenses had escalated to ₹788 crore.
• In 2023, expenses reached ₹1,068 crore.

Profit After Tax:

• Despite the rise in expenses, profit after tax witnessed substantial growth.
• In 2021, profit after tax amounted to ₹3 crore.
• This figure saw a significant jump to ₹11 crore in 2022.
• Continuing the upward trend, profit after tax soared to ₹21 crore in 2023.

These figures underscore the company’s commendable performance, marked by robust revenue growth, prudent expense management, and substantial profitability gains over the years.

Particulars	2023	2022	2021
Net Sales	1,113	818	511
Expenses	1,068	788	491
Profit After Tax	21	11	3

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Vibhor Steel Tubes share price targets 2024 to 2030

Year	Min Target	Max Target
2024	₹489	₹562
2025	₹646	₹743
2026	₹854	₹982
2027	₹1,129	₹1,298
2028	₹1,493	₹1,717
2029	₹1,975	₹2,271
2030	₹2,612	₹3,004

As of February 20, 2024, the projected share price targets for the upcoming years showcase a promising outlook.

In 2024, the minimum share price target stands at ₹489, while the maximum share price target reaches ₹562. Moving forward, these targets escalate steadily over the following years.

By 2025, the minimum target rises to ₹646, with the maximum target set at ₹743. This upward trajectory continues, with projected share prices increasing progressively each year.

In 2026, the minimum target climbs to ₹854, and the maximum target reaches ₹982.

By 2027, the minimum and maximum targets further elevate to ₹1,129 and ₹1,298, respectively.

The trend persists, with the projected share price reaching ₹1,493 to ₹1,717 by 2028 and ₹1,975 to ₹2,271 by 2029.

By 2030, the minimum and maximum targets surge to ₹2,612 and ₹3,004, respectively. These projections indicate a positive outlook for the company’s share price performance over the next several years.

Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.

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