Small-cap Vibhor Steel share price to be in focus on Friday as company secures ₹17 crore order
Vibhor Steel Tubes announced a new order worth ₹16.87 crore for transmission towers from Agrawal Infracab Pvt Ltd, attracting investor interest. The company reported a 23% revenue increase in Q3FY26, although net profit fell to ₹1.66 crore compared to last year.
Shares of Vibhor Steel Tubes are expected to attract investor interest in Friday’s trade, March 20, as the company today announced a fresh order win.
The company, in its regulatory filing post-market hours today, informed investors that it has received a new work order from Agrawal Infracab Pvt Ltd for the supply of transmission towers, valued at ₹16.87 crore.
Vibhor Steel also stated that neither the promoter nor the promoter group companies have any interest in the entity that awarded the order. It further clarified that the order does not fall under related-party transactions.
For the December-ending quarter (Q3FY26), the company reported a 23% increase in revenue at ₹304 crore, compared with ₹247.43 crore in the same period last year.
EBITDA stood at ₹11.39 crore, while earnings per share (EPS) came in at ₹0.87 during the quarter. On the bottom line, the net profit stood at ₹1.66 crore, lower than ₹3.43 crore in the corresponding period last year.
Vibhor Steel Tubes manufactures steel products such as electric resistance welded (ERW) pipes, hot-dipped galvanized pipes, hollow section pipes, primer-painted pipes, metal beam barriers, transmission towers, high mast lighting poles, octagonal poles, and monopoles, among others.
The company has recently commenced the supply of crash barriers, power transmission line towers, ERW pipes, octagonal poles, and galvanized (GI) pipes produced at its greenfield plant located in Sundargarh, Odisha.
Vibhor Steel Tubes share price trend
The stock has remained under pressure on Dalal Street, hitting record lows amid consistent declines in recent months. It touched a fresh low of ₹100.80 earlier this month and has fallen 28% over the past seven months.
The sustained decline has brought the company’s market capitalisation to ₹212 crore as of today.
The company’s shares debuted on the Indian stock market in February 2024, listing at ₹425 per share compared to the issue price of ₹151. The stock extended this momentum in the following sessions, reaching ₹446 a piece, before entering a prolonged correction. At current levels, the stock is trading 25.6% below its IPO price.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
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Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
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