Share of Vibhor Steel Tubes Limited is currently trading at around Rs.203/-. Investors are asking for the Vibhor Steel Share Price Target 2025, 2030, 2035 and 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Vibhor Steel Share Price Target 2025, 2030, 2035 and 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Vibhor Steel Tubes Ltd:
Vibhor Steel Tubes Ltd. has experienced a challenging financial performance in recent quarters. In the quarter ending September 30, 2024, the company reported a net profit of ₹0.89 crore, a significant decline of 82.82% compared to ₹5.18 crore in the same period the previous year. Sales also decreased by 15.73%, amounting to ₹236.09 crore, down from ₹280.17 crore in the corresponding quarter of 2023.
Similarly, in the quarter ending June 30, 2024, Vibhor Steel Tubes reported a net profit of ₹3.02 crore, marking a 9.58% decrease from ₹3.34 crore in the same quarter of the previous year. Sales during this period declined by 10.22%, totaling ₹224.75 crore compared to ₹250.34 crore in June 2023.
Despite these quarterly downturns, the company showed resilience in the quarter ending March 31, 2024, with a net profit of ₹4.89 crore, reflecting a 9.64% increase from ₹4.46 crore in the same quarter of the previous year. However, sales declined by 4.68%, amounting to ₹291.20 crore, down from ₹305.49 crore in March 2023.
For the full fiscal year ending March 31, 2024, Vibhor Steel Tubes reported a net profit of ₹17.72 crore, a 15.90% decrease from ₹21.07 crore in the previous fiscal year. Annual sales also declined by 3.63%, totaling ₹1,072.71 crore compared to ₹1,113.12 crore in the prior year.
The company’s balance sheet indicates a strategic approach to asset management and debt. As of March 31, 2024, current liabilities slightly decreased by 0.7% to ₹1,832 million, while long-term debt increased by 43.6% to ₹194 million. Current assets rose by 22% to ₹2,823 million, and fixed assets saw a significant increase of 62.2%, reaching ₹1,009 million. Overall, total assets and liabilities grew by 30.5%, standing at ₹3,832 million compared to ₹2,936 million in the previous fiscal year.
Looking ahead, Vibhor Steel Tubes Ltd. appears to be focusing on strengthening its asset base and managing liabilities to navigate the competitive steel industry landscape. The substantial increase in fixed assets suggests potential investments in capacity expansion or technological upgrades, positioning the company for improved operational efficiency and market competitiveness. However, the decline in sales and net profit underscores the need for strategic initiatives to drive revenue growth and enhance profitability. The company’s future prospects will likely depend on its ability to adapt to market dynamics, optimize operations, and capitalize on emerging opportunities within the steel sector.
Share Price Targets:
Vibhor Steel Share Price Target 2025
Based on the above discussion and analysis, the share price of Vibhor Steel Tubes Ltd may touch the level of around Rs.225-240 in 2025.
Vibhor Steel Share Price Target 2030
Based on the above discussion and analysis, the share price of Vibhor Steel Tubes Ltd may touch the level of around Rs.360-400 in 2030.
Vibhor Steel Share Price Target 2035
Based on the above discussion and analysis, the share price of Vibhor Steel Tubes Ltd may touch the level of around Rs.600-700 in 2035.
Vibhor Steel Share Price Target 2040
Based on the above discussion and analysis, the share price of Vibhor Steel Tubes Ltd may touch the level of around Rs.1100-1200 in 2040.
Disclaimer: Investments in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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