Vibhor Steel Tubes Limited — Investor Meet, 28-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Vibhor Steel Tubes reported strong Q4 & H2 FY26, with revenue up 16% (Q4) / 18% (H2) and EBITDA up 26% (Q4) / 21% (H2) YoY. Management is strategically diversifying into higher-margin products like highway guardrails, octagon/high-mast poles, and transmission line towers from its new Jharsuguda unit. New product order books are robust: 2,400 tons for towers, 300 tons for poles (capacity expanding to 500 tons/month), and guardrail orders twice current production. These new segments offer significantly better EBITDA margins (₹10,000/ton vs. ₹3,000-4,000/ton for pipes). The company plans ₹10 crore CAPEX in FY27, supported by a credit rating upgrade to BBB+, signaling a confident outlook for sustained growth and profitability through diversification.