Vibhor Steel Tubes Limited (VSTL) - Net Assets
Based on the latest financial reports, Vibhor Steel Tubes Limited (VSTL) has net assets worth Rs1.97 Billion INR (≈ $21.30 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.39 Billion ≈ $47.48 Million USD) and total liabilities (Rs2.42 Billion ≈ $26.18 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore VSTL total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.97 Billion |
| % of Total Assets | 44.87% |
| Annual Growth Rate | 20.52% |
| 5-Year Change | 173.72% |
| 10-Year Change | N/A |
| Growth Volatility | 26.1 |
Vibhor Steel Tubes Limited - Net Assets Trend (2017–2026)
This chart illustrates how Vibhor Steel Tubes Limited's net assets have evolved over time, based on quarterly financial data. Check Vibhor Steel Tubes Limited (VSTL) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Vibhor Steel Tubes Limited (2017–2026)
The table below shows the annual net assets of Vibhor Steel Tubes Limited from 2017 to 2026. For live valuation and market cap data, see Vibhor Steel Tubes Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs1.97 Billion ≈ $21.30 Million |
+4.72% |
| 2025-03-31 | Rs1.88 Billion ≈ $20.34 Million |
+5.82% |
| 2024-03-31 | Rs1.78 Billion ≈ $19.23 Million |
+90.76% |
| 2023-03-31 | Rs931.98 Million ≈ $10.08 Million |
+29.49% |
| 2022-03-31 | Rs719.73 Million ≈ $7.78 Million |
+18.98% |
| 2021-03-31 | Rs604.90 Million ≈ $6.54 Million |
+1.15% |
| 2020-03-31 | Rs598.02 Million ≈ $6.47 Million |
+9.24% |
| 2019-03-31 | Rs547.41 Million ≈ $5.92 Million |
+12.89% |
| 2018-03-31 | Rs484.90 Million ≈ $5.24 Million |
+32.05% |
| 2017-03-31 | Rs367.21 Million ≈ $3.97 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Vibhor Steel Tubes Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs189.62 Million | 9.63% |
| Other Components | Rs1.78 Billion | 90.37% |
| Total Equity | Rs1.97 Billion | 100.00% |
Vibhor Steel Tubes Limited Competitors by Market Cap
The table below lists competitors of Vibhor Steel Tubes Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Desoto Resources Ltd
AU:DES
|
$22.52 Million |
|
Castec Korea Co Ltd
KQ:071850
|
$22.52 Million |
|
Cuscapi Berhad
KLSE:0051
|
$22.54 Million |
|
KARO INVEST a.s.
PR:KARIN
|
$22.55 Million |
|
Globalsat Worldcom
TWO:3499
|
$22.51 Million |
|
FNC Entertainment Co Ltd
KQ:173940
|
$22.51 Million |
|
The Navakij Insurance Public Company Limited
BK:NKI
|
$22.50 Million |
|
Klaria Pharma Holding AB
ST:KLAR
|
$22.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vibhor Steel Tubes Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,881,221,000 to 1,970,009,000, a change of 88,788,000 (4.7%).
- Net income of 87,934,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 115,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs87.93 Million | +4.46% |
| Other Comprehensive Income | Rs115.00K | +0.01% |
| Other Changes | Rs739.00K | +0.04% |
| Total Change | Rs- | 4.72% |
Book Value vs Market Value Analysis
This analysis compares Vibhor Steel Tubes Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.72x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | Rs29.48 | Rs109.81 | x |
| 2018-03-31 | Rs34.19 | Rs109.81 | x |
| 2019-03-31 | Rs38.60 | Rs109.81 | x |
| 2020-03-31 | Rs42.16 | Rs109.81 | x |
| 2021-03-31 | Rs42.65 | Rs109.81 | x |
| 2022-03-31 | Rs50.75 | Rs109.81 | x |
| 2023-03-31 | Rs65.67 | Rs109.81 | x |
| 2024-03-31 | Rs93.76 | Rs109.81 | x |
| 2025-03-31 | Rs99.32 | Rs109.81 | x |
| 2026-03-31 | Rs103.95 | Rs109.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vibhor Steel Tubes Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.77%
- • Asset Turnover: 2.62x
- • Equity Multiplier: 2.23x
- Recent ROE (4.46%) is below the historical average (13.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 26.39% | 3.28% | 2.11x | 3.81x | Rs60.18 Million |
| 2018 | 23.54% | 2.55% | 2.26x | 4.09x | Rs65.66 Million |
| 2019 | 11.42% | 1.04% | 2.35x | 4.67x | Rs7.77 Million |
| 2020 | 8.46% | 0.91% | 2.69x | 3.47x | Rs-9.20 Million |
| 2021 | 1.14% | 0.14% | 2.95x | 2.86x | Rs-53.61 Million |
| 2022 | 15.74% | 1.39% | 3.29x | 3.45x | Rs41.34 Million |
| 2023 | 22.60% | 1.89% | 3.79x | 3.15x | Rs117.46 Million |
| 2024 | 9.97% | 1.65% | 2.80x | 2.16x | Rs-589.30K |
| 2025 | 6.26% | 1.18% | 2.10x | 2.52x | Rs-70.42 Million |
| 2026 | 4.46% | 0.77% | 2.62x | 2.23x | Rs-109.07 Million |
Industry Comparison
This section compares Vibhor Steel Tubes Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $1,140,963,800
- Average return on equity (ROE) among peers: -8.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vibhor Steel Tubes Limited (VSTL) | Rs1.97 Billion | 26.39% | 1.23x | $22.52 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $525.12 Million | 20.07% | 3.19x | $2.47 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $4.72 Billion | 13.50% | 1.73x | $5.83 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $539.25 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.28 Billion | 4.30% | 0.94x | $38.98 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $390.55 Million | -156.08% | 18.26x | $150.48 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-12.07 Billion | 0.00% | 0.00x | $138.91 Million |
| Grand Foundry Limited (GFSTEELS) | $-43.89 Million | 0.00% | 0.00x | $4.70 Million |
| Goodluck India Limited (GOODLUCK) | $2.78 Billion | 5.74% | 2.20x | $541.78 Million |
| Godawari Power And Ispat limited (GPIL) | $8.50 Billion | -8.76% | 2.83x | $1.71 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $707.89 Million | 21.38% | 1.45x | $134.86 Million |
About Vibhor Steel Tubes Limited
Vibhor Steel Tubes Limited engages in the manufacture and sale of steel pipes and tubes in India. It offers mild steel/carbon electric resistance welded black and galvanized pipes, hollow section tubes and steel pipes, primer painted pipes, crash barriers, and cold rolled steel strips/coils. The company serves aerospace, shipbuilding, construction, power plant, oil and gas, and refinery industrie… Read more