Q1 FY 2026 Results

Sambhv Steel Tubes Ltd, the key manufacturers of electric resistance welded steel pipes and structural tubes has presented its quarterly numbers today.

On a standalone basis, revenue from operations of the company increased by 34.22% (INR 495.26 crore v/s INR 369.04) on a Q-o-Q basis, while the same increased by 38.35% (INR 495.26 v/s INR 357.97) on a Y-o-Y basis.

Total expenses of the company increased by 34.06% and 41.27% respectively on a Q-o-Q and Y-o-Y basis.

Profit After Tax of the company increased by 45.67% on a quarterly basis, while decreased by 3.74% on a yearly basis.

The Company came up with an IPO in June 2025 and raised INR 540 crore via offering.

June 25, 2025

Sambhv Steel Tubes Limited – one of the key manufacturers of electric resistance welded steel pipes and structural tubes in India is planning to raise INR 540 crore via IPO.

[Fresh Issue 440 crore + OFS 100 crore]

Sambhv steel ipo price is INR 77 – 82 per share

Sambhv Steel Tubes: History

The Company was originally incorporated on April 24, 2017, in Chhattisgarh (India) as Sambhv Sponge Power Private Limited, a private limited company under the Companies Act, 2013

The Company was then converted into a public limited company under the Companies Act, 2013 (under a special resolution adopted by the Shareholders) on April 24, 2024. The name of the Company was changed to Sambhv Steel Tubes Limited and a fresh certificate of incorporation was issued by the RoC, on July 9, 2024.

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Sambhv Steel Tubes: Business

Sambhv Steel Tubes Limited is one of the prominent manufacturers of ERW steel pipes and structural tubes – hollow section in India, in terms of installed capacity as of March 31, 2024, according to CRISIL Report.

Sambhav Steel is the only company in India with a single location backward integrated manufacturing facility for ERW steel pipes and tubes with presence across the value chain as of March 31, 2024, according to CRISIL Report.

Sambhav Steel is one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of March 31, 2024.

The Company is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024, according to CRISIL Report.

Products & Usage

The Company’s products are rust-resistant and tailored to meet specific market requirements across multiple sectors including –

• housing and infrastructure,
• water transportation,
• agriculture,
• automobile,
• telecommunications,
• oil and gas,
• engineering,
• solar energy,
• fire-fighting systems, and
• support structures of conveyors

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Manufacturing Facility

The company operates a manufacturing facility in Sarora (Tilda, Raipur, Chhattisgarh, India).

Distribution Network

• As of 31 December 2024, Sambhv Steel Tubes has a wide distribution network in India, spanning across 15 states and 1 union territory (UT).
• The company caters to over 37 distributors and 700 dealers across the country.
• It also has a network of over 2,000 retailers and 10,000 fabricators.

Strategies Ahead

• Production capacity expansion with a focus on value-added products
• Expanding distributor network and increasing business share from existing distributors and direct customers
• Continue to focus on value-added products and customization
• Continue to focus on operational and cost optimization
• Continue to emphasis on brand building

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Company Promoters

1. Brijlal Goyal,
2. Suresh Kumar Goyal,
3. Vikas Kumar Goyal,
4. Sheetal Goyal,
5. Shashank Goyal,
6. Rohit Goyal

IPO Details

Sambhv steel ipo date = 25 June to 27 June 2025

Minimum Amount = INR 14,924

Minimum Bid = 182 Shares

Face Value (FV) = INR 10

Listing On = NSE, BSE

Book Running Lead Managers

Nuvama Wealth Management Limited,

Motilal Oswal Investment Advisors Limited

Financials

CONCLUSION

FinBlab recommends ‘SUBSCRIBE‘ ratings on Sambhav Steel IPO (keeping a long-term view in mind)

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Sambhv Steel Tubes IPO – Review, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q1 FY 2022-23 Numbers

Revenue From Operations

APL Apollo Tubes Limited – India’s leading branded structural steel tube company, today announced its financial results for the quarter ending June 30, 2022.

On a consolidated basis, the company has registered a revenue of INR 3438.55 Cr for the Q1 ending 2022 as compared to INR 4214.73 Cr for the period ended 31 March 2022, a fall of 18.42% quarter-on-quarter basis. However, the year-on-year revenues of the company grew by 35.68% (INR 2534.28 Cr for the Q1 FY21)

Total Expenses of the Company –

INR 3283.96 Cr as on 30 June 2022,

INR 2318.94 Cr as on 30 June 2021,

INR 3986.63 Cr as on 31 March 2022

EBITDA of the company stands at INR 202.25 crore in June 2022 down 23.65% from INR 264.89 crore in June 2021.

Profit After Tax

On a consolidated basis, the PAT of the company stood at INR 120.67 crore for Q1 FY 2022-23 as compared to INR 176.61 crore, de-grew by 31.67% Q-O-Q basis. However, on the Y-O-Y basis, profit of the company de-grew 28.35% (INR 168.42 Cr for the Q1 FY21)

The performance of the company was impacted because “the industry witnessed channel de-stocking due to domestic steel price correction,” management said in a BSE filling.

EPS stood as follows –

INR 4.28 as on 30 June 2022,

INR 5.90 as on 30 June 2021,

INR 6.52 as on 31 March 2022

Daily Chart –

apl apollo share closed at INR 909 (UP 0.90%) with a volume of 6,19,624 shares on the NSE.

APL Apollo Tubes Limited is a value pick stock of Finblab (given 1:1 bonus and split the face value of its shares from INR 10 to INR 2 in 2020) and maintain a Positive view on the company.

Chairman Speech –

APL Apollo Tubes Limited’s Q1 FY23 performance was impacted because the industry witnessed channel de-stocking due to domestic steel price correction. This was triggered by the imposition of duty on steel exports in May 2022. The domestic steel prices have corrected by 21% in Q1FY23. APL Apollo is confident of achieving 1HFY23 sales volume guidance of 1mn ton.

APL Apollo’s largest ever ‘New Raipur’ plant is commissioning on the expected lines. APL Apollo expects significant contribution from this plant to start from Q3FY23 onwards. The value added products contributed 61% in Q1FY23. APL Apollo expects this sales mix to improve further in coming quarters with the ramp-up of new Raipur plant. The sales mix would eventually move towards 75% for value added products.”

Final Comment: APL Apollo has posted a mixed set of numbers but maintaining good profitability ratios. Keeping future expansion (Total Capex of Rs 6.5bn to be funded from internal cash flows in FY23-24) and new initiatives in mind, the company looks good from a medium to long-term perspective.

Also Read: Q1 Numbers of Coromandel International Limited

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1 January 2020

Update:

APL Apollo’s Q3 FY20 Sales Performance

APL Apollo Tubes Ltd, country’s largest branded building material steel products company, today announced its sales volume performance for the quarter ending December 31, 2019.

The Company registered a strong sales volume of 480,225 MTPA in Q3 FY20, higher by 52.6 percent Y-O-Y from 3,14,707 MTPA in Q3 FY19. The growth was, by and large, led by strong demand across product categories.

Here is the product wise summary –

(Source – BSE)

8 November, 2019

APL Apollo Tubes Ltd is the largest producer of Electric Resistance Welded (ERW) Steel Pipes and Sections in India.

APL Apollo Tubes: History

APL Apollo Tubes Ltd was incorporated on February 24, 1986, as a private limited company. The company started with a unit at Sikandrabad (UP) to manufacture M. S. Pipe.

For over 3 decades APL Apollo has gone from strength to strength to lead the charge in revolutionizing the Steel Tubes and Pipes manufacturing industry.

APL Apollo Tubes: Business

APL Apollo Tubes is engaged in the business of production of ERW steel tubes, with a capacity to produce 2.5 Million Tonnes per annum.

The company is a One-Stop-Shop for a wide spectrum of steel structural products that cater to an array of sectors such as automobile, construction, energy, housing, irrigation, urban infrastructure, among others.

The company has been a pioneer in introducing modern technologies in the industry and is the first Company in India to introduce the latest global technology Direct Forming Technology (DFT)

The Company sells its products under the brand name APL Apollo

Products

The company has a diversified product portfolio of 400 product variants.

The production line consisting of MS Black Pipe, Pre-Galvanised Tube, Hot Dipped Galvanised, Hollow Sections, Apollo TriCoat.

The Company’s Innovative Products division has Flat / Oval Capsule Sections, Hand Rail, D-Sections, Elliptical Sections, Narrow Sections, and Taper Sections.

APL Apollo Tubes has patent products in Hand Rail, Narrow Section, Window L Section, Window T, Window Z, and Elliptical Tube.

APL APOLLO complies with major quality certifications including ISO 9001:2008, ISO 14001:2004 & OHSAS 18001:2007.

APL Apollo Tubes: Manufacturing Units

The company has 6 manufacturing units, three at Sikandrabad (UP) and one in Hosur, Tamilnadu, one in Bengaluru, Karnataka and one in Murbad (Maharashtra)

APL Apollo caters extensively to the region and exports to over 20 countries globally.

The company’s vast distribution network is spread across India, with warehouses and branch offices in 29 cities.

Listed On

The shares of APL Apollo Tubes share are presently listed at Bombay Stock Exchange (BSE); CODE 533758 and National Stock Exchange (NSE) as APL Apollo

Stock Info: APL Apollo Tubes

Share Holding Pattern

Financials: APL Apollo Tubes Ltd

Conclusion

APL Apollo Tubes is the largest producer of Electric Resistance Welded Steel Pipes and Sections in India.

Promoters of the company are having more than 37% stake (stake increases since last 2 quarters) with 0% pledge shares.

Along with this, some of the top institutions like ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED, DSP SMALL CAP FUND, Idfc Multi Cap Fund, Kotak Emerging Equity, HDFC TRUSTEE COMPANY LTD, MOBIUS INVESTMENT TRUST PLC, and GOLDMAN SACHS INDIA LIMITED is having more than 1% stake in the company.

On the technical front, the share price of APL Apollo Tubes Limited is trading well above its 50 EMA (1444) and 200 EMA (1421) on the daily chart.

Keeping the above listed factors in mind, APL Apollo Tubes Ltd looks good at INR 1438. Finblab recommends investing in the stock in staggered manner for medium to long term.

Value Pick : October 2019

Polycab India Limited

FINBLAB last 5 Stock Recommendation

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post APL Apollo Tubes Ltd: Value Pick Stock November 2019, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.