Vibhor Steel Tubes cash flow

Latest FY26

Cash from operations: ₹54.1cr+50.5% on FY25
Capital spending: ₹64.3cr−4.5% on FY25
Free cash flow: −₹10.2cr−₹31.4 cr in FY25
Cash from financing: ₹5.9cr−64.2% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024

Adjustments to reconcile profit — non-cash items
	—	16.8	10.4	8.3
	—	15.9	11.2	18.1
	—	−1.7	−1.6	−1.8
	—	2.0	1.4	0.0
	—	0.0	0.0	−0.0
Changes in working capital
	—	67.8	−20.0	−50.6
	—	16.6	−20.9	3.5
	—	2.4	1.3	−8.3
	—	−11.1	0.0	0.0
	—	2.5	−7.3	3.0
	—	3.9	0.0	0.0
	—	−59.3	30.4	14.5
	—	5.6	3.2	1.6
	—	−15.1	16.4	0.4
	—	0.0	0.0	0.1
	—	0.0	0.0	0.4
Cash from operating activities
	10.8	12.4	16.9	24.1
	—	46.1	24.6	−10.8
	—	58.5	41.4	13.3
	—	−0.7	−0.7	−0.1
	—	3.8	4.8	7.3
	—	54.1	35.9	5.9
Cash from investing activities
	—	64.3	67.3	34.3
	—	0.0	1.2	0.0
	—	0.0	0.0	1.1
	—	0.0	6.7	0.0
	—	1.7	1.6	1.8
	—	0.0	0.0	−10.8
	—	−62.6	−57.8	−44.4
Cash from financing activities
	—	0.0	0.0	66.8
	—	21.9	29.9	5.9
	—	0.0	0.0	17.6
	—	0.1	0.6	0.0
	—	15.9	11.2	18.0
	—	0.0	−1.7	0.0
	—	5.9	16.5	37.1
	—	−2.6	−5.4	−1.5
	—	−2.6	−5.4	−1.5
	—	—	—	24.1
Reference items
	45.4	43.5	36.6	48.8
	3.7%	3.8%	3.7%	4.6%
	−10.2	−10.2	−31.4	−28.4
	—	−4.2	−13.6	—
	−₹5.40	−₹5.40	−₹16.56	−₹14.98
	—	6.15×	3.05×	0.33×
	—	3.8	4.8	7.3
	—	15.9	11.2	18.0

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

VSTL₹96.90

Vibhor Steel Tubes Limited

· Capital Goods & Defence

₹ CrorePeersRUDRA SHAHALLOYS VMSTMT INCREDIBLE MWL BEDMUTHA SHAH MANAKSIAMcap ₹184 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	8.3	10.4	16.8	—
+ Finance Costs	18.1	11.2	15.9	—
+ Interest Income	-1.8	-1.6	-1.7	—
+ Other Non-cash Items	0.0	1.4	2.0	—
+ Other — Cash Effects are Investing / Financing	-0.0	0.0	0.0	—
Changes in Working Capital
+ Inventories	-50.6	-20.0	67.8	—
+ Trade Receivables — Current	3.5	-20.9	16.6	—
+ Other Financial Assets — Current	-8.3	1.3	2.4	—
+ Other Financial Assets — Non-current	0.0	0.0	-11.1	—
+ Other Current Assets	3.0	-7.3	2.5	—
+ Other Non-current Assets	0.0	0.0	3.9	—
+ Trade Payables — Current	14.5	30.4	-59.3	—
+ Other Financial Liabilities — Current	1.6	3.2	5.6	—
+ Other Current Liabilities	0.4	16.4	-15.1	—
+ Provisions — Current	0.1	0.0	0.0	—
+ Provisions — Non-current	0.4	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	24.1	16.9	12.4	10.8
+ Total Adjustments (incl. Working Capital)	-10.8	24.6	46.1	—
Cash from Operations (pre-tax)	13.3	41.4	58.5	—
+ Other Inflows / (Outflows) — Operating	-0.1	-0.7	-0.7	—
+ Income Taxes Paid	7.3	4.8	3.8	—
Cash from Operating Activities	5.9	35.9	54.1	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	34.3	67.3	64.3	—
+ Disp of Fixed Assets	0.0	1.2	0.0	—
+ Acq of Other Long-term Assets	1.1	0.0	0.0	—
+ Disp of Other Long-term Assets	0.0	6.7	0.0	—
+ Interest Received — Investing	1.8	1.6	1.7	—
+ Other Inflows / (Outflows) — Investing	-10.8	0.0	0.0	—
Cash from Investing Activities	-44.4	-57.8	-62.6	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	66.8	0.0	0.0	—
+ Proceeds from Borrowings	5.9	29.9	21.9	—
+ Repayment of Borrowings	17.6	0.0	0.0	—
+ Payment of Lease Liabilities	0.0	0.6	0.1	—
+ Interest Paid	18.0	11.2	15.9	—
+ Other Inflows / (Outflows) — Financing	0.0	-1.7	0.0	—
Cash from Financing Activities	37.1	16.5	5.9	—
Net Changes in Cash (pre-FX)	-1.5	-5.4	-2.6	—
Net Changes in Cash	-1.5	-5.4	-2.6	—
Closing Cash	24.1	—	—	—
Reference Items
EBITDA	48.8	36.6	43.5	45.4
EBITDA Margin %	4.55	3.67	3.78	3.75
Free Cash Flow (CFO − Capex)	-28.4	-31.4	-10.2	-10.2
Free Cash Flow to Equity	—	-13.6	-4.2	—
Free Cash Flow per Basic Share	-14.98	-16.56	-5.40	-5.40
Cash Flow to Net Income	0.33	3.05	6.15	—
Cash Paid for Taxes	7.3	4.8	3.8	—
Cash Paid for Interest	18.0	11.2	15.9	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.