The Captial Market (CapitalMarket.com) rating for Vibhor Steel Tubes IPO is 44. Their analysis recommends Avoid, However active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	44	Avoid, However active risk seekers can try

Vibhor Steel Tubes IPO Review by Dilip Davda May apply

[Dilip Davda] The company is primary supplier of tubes and pipes to Jindal Pipes Ltd. and has a long term contract of around 6 years as of now. Asa claimed by the management, this contract is not exclusive and the company has liberty to sell products in the open markets. The company has posted growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium term. Read detail review...

Vibhor Steel Tubes IPO Peer Comparison

Vibhor Steel Tubes Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Vibhor Steel Tubes Limited	14.85	14.85	65.71	10.17	22.60	2.30	Consolidated
Apl Apollo Tubes Ltd.	23.15	23.15	108.37	64.88	21.36		Consolidated
Hi-tech Pipes Limited	3.06	2.18	32.71	47.91	9.01		Consolidated
Goodluck India Ltd	33.31	33.31	227.47	31.01	14.16		Consolidated
Rama Steel Tubes Ltd	1.22	1.16	5.37	37.75	10.97		Consolidated

Notes:

Vibhor Steel Tubes Limited figures are based on restated consolidated financial statements for the year ended March 31, 2023.
The peer group figures are based on audited consolidated financial statements for the year ended March 31, 2023.
P/E figures for the peer is computed based on the closing market price as on January 24, 2024, of relevant peer companies as available at BSE divided by Basic EPS for the period September 30, 2023 reported in the filings made with stock exchanges.
Based on the offer price to be determined after completion of the book-building process and the basic EPS of the company.
Return on net worth (%) = Net profit after tax * 100 / Net worth at the end of the year.
Net asset value per share = Net worth at year end / No. of shares outstanding at year-end.

Vibhor Steel Tubes IPO Review by Members

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Vibhor Steel Tubes IPO Review by Dilip Davda May apply

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