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Prices as of 9 Oct 2026 close · Not investment advice

VMS TMT Limited

NSE: VMSTMTIron & Steel Products

Share price

₹44.61

-0.11% close of 9 Oct 2026

Market cap ₹223 CrP/E 13.2

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

57

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹223 Cr

P/E ratio

13.2

P/B ratio

1.0

ROCE

13.9%

ROE

13.9%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹76.3452-week low ₹34.51

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Fewer than three years of filings — too early to judge growth.

Whether it grew faster than its sector

It grew 31.8% a year against a sector median of 10.6% — 21.2 percentage points faster.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 71%.

Profit growthPrice per ₹1 profitPer 1% growth
VMS TMT Limited — this one71%/yr13.2×₹0.19
Ratnamani Metals & Tubes Limited-1%/yr40.3×—
Jindal Saw Limited14%/yr26.4×₹1.9
Usha Martin Limited9%/yr28.5×₹3.2
Godawari Power And Ispat limited1%/yr15.6×₹15.6
Gallantt Ispat Limited51%/yr27.8×₹0.55

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Iron & Steel Products), it ranks 32 of 70 on returns, 6 of 68 on growth, 40 of 70 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 13.9% on capital, ahead of 54% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹38 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 7 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 15 days for its cash to waiting 26 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 13 Aug 2026 · Standalone · Unaudited

Revenue

₹248 Cr

Revenue vs last year

+16.7%

Revenue vs last quarter

+2.8%

Net profit

₹4 Cr

Profit vs last year

-47.9%

Profit vs last quarter

+95.1%

Net margin

1.8%

EPS

₹0.90

Earnings call transcript · 20 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹223 Cr
Prev close
₹44.61
52w High
₹78.5
52w Low
₹33.5
Enterprise value
₹444 Cr
Beta
1.2
Price CAGR 1y
-40.0%
Price CAGR 3y
—
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
4.0%
PEG ratio
0.2
P/E ratio
13.2
P/B ratio
1.0
EV / EBITDA
8.4
Industry P/E
24.8
ROCE
13.9%
ROCE 5y average
14.0%
ROE
13.9%
Debt / Equity
1.0
Interest coverage
1.9
Dividend yield
0.0%
ROE 3y average
20.0%
ROE last year
14.0%

Annual P&L

Annual revenue
₹839 Cr
Annual profit
₹21 Cr
Operating margin
8.0%
Net profit margin
2.5%
EBITDA margin
7.7%
Sales growth 3y
-1.7%
Sales growth 5y
30.1%
Profit growth 3y
71.0%
Profit growth 5y
95.0%
EPS
₹4.2
Sales growth TTM
9.0%
Profit growth TTM
43.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹248 Cr
Profit latest quarter
₹4 Cr
YoY quarterly sales growth
16.7%
YoY quarterly profit growth
-47.9%
OPM latest quarter
4.9%

Balance Sheet

Book Value
₹45.6
Face Value
₹10.0
Total debt
₹231 Cr
Total cash
₹10 Cr
Borrowings
₹231 Cr
Reserves / Equity
3.6

Cash Flow

Operating cash flow
-₹10 Cr
Free cash flow
-₹65 Cr
FCF yield
-42.1%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
67.2%
FII holding
2.0%
DII holding
2.9%
Public holding
27.9%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Welspun Corp2,649.9030.369,9020.181,047.9198.64,081.114.922.9
APL Apollo Tubes2,060.3046.557,2060.40263.110.95,606.78.431.8
Shyam Metalics1,066.9526.529,7820.42350.718.15,455.123.413.0
Ratnamani Metals2,487.3039.717,4340.40107.0-37.7971.6-15.617.9
Jindal Saw271.1526.517,3400.7190.8-75.44,452.39.010.4
Usha Martin504.0028.215,3590.73142.040.71,033.016.419.5
Godawari Power205.4016.913,8280.47222.42.71,750.532.320.5
VMS TMT44.6013.12210.004.5-47.9247.816.713.9
Median167.2022.69620.0014.328.3213.216.613.0

Competes with: APL Apollo Tubes Limited, Gallantt Ispat Limited, Godawari Power And Ispat limited, Jindal Saw Limited, Ratnamani Metals & Tubes Limited, Shyam Metalics and Energy Limited, Usha Martin Limited, Welspun Corp Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemMar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales215212183202241248
Expenses203193171185229236
Material Cost94136129151
Change in Inventories10-31-3.6211
Purchases of Stock-in-Trade40324428
Employee Cost3.625.925.305.01
Other Expenses23425440
Operating Profit121912171212
OPM %5.529.186.608.484.864.87
Other Income0.851.130.140.380.240.12
Exceptional items (within Other Income)0000
Interest5.506.716.905.306.263.96
Depreciation2.372.432.502.562.492.55
Profit before tax4.85112.829.673.205.68
Tax %252525172821
Net Profit3.628.582.138.042.294.47
EPS in Rs1.052.480.431.620.460.90
Diluted EPS in Rs0.591.620.460.90

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales175225494882873770839874
Expenses172222478860831723774821
Material Cost526
Change in Inventories-76
Purchases of Stock-in-Trade154
Employee Cost19
Other Expenses155
Operating Profit33162241476553
OPM %1.701.303.202.504.80686
Other Income00000121
Exceptional items (within Other Income)0
Interest2261318212922
Depreciation00143.936.811010
Profit before tax119619192721
Tax %26262424302423
Net Profit117413152117
EPS in Rs0.920.766.953.33104.264.243.41
Diluted EPS in Rs4.95
Dividend Payout %0000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
30%
3 years
-2%
TTM
9%

Compounded profit growth

10 years
—
5 years
95%
3 years
71%
TTM
43%

Stock price CAGR

10 years
—
5 years
—
3 years
—
1 year
-40%

Return on equity

10 years
—
5 years
21%
3 years
20%
Last year
14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6101013133550
Reserves129183339178
Borrowings1763118163198276231
Other Liabilities352133406360
Total Liabilities2779158227284412519
Fixed Assets55717674174178
CWIP0490452043
Investments0000000
Other Assets222586148159238298
Total Assets2779158227284412519

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity24-31-1137-23-10
Cash from Investing Activity0-49-18-27-50-55-47
Cash from Financing Activity-2454941197157
Net Cash Flow0-0026-70
Free Cash Flow2-46-49-23-13-79-65

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days452824471215
Inventory Days0236495288138
Days Payable061362414
Cash Conversion Cycle453053405376139
Working Capital Days51315133726
ROCE %51411171414

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2025Dec 2025Mar 2026Jun 2026
Promoters67676767
FIIs3.453.112.042.04
DIIs3.253.022.852.85
Public26272828
No. of Shareholders55,03545,29642,08540,428

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -40.3% (₹74.69 → ₹44.61)Brick size ₹2.19 (fixed)Bricks 33
₹40.00₹60.00₹44.61Nov '25Feb '26Jun '26
Price moved up one brickPrice moved down one brickLast close ₹44.61 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

company capacity utilisation %

80.00pct

2026-06-30

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

221inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about VMS TMT Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • bentonite
  • billets
  • dolomite
  • grid and captive electricity
  • limestone
  • manganese
  • mild steel scrap / iron scrap
  • non-coking coal
  • oxygen, LPG, natural gas and water for the melting and rolling process
  • sponge iron

Depends on the price of

  • coal
  • steel

Sells products of

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Iron & Steel Products
Classification
Capital Goods › Iron & Steel Products
ISIN
INE0SJA01013

Plants

  • VMS TMT Bhayla manufacturing facility
  • VMS TMT captive solar power project

News impact

Big market events that reach VMS TMT Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 2 rows from NSE's archive (replace 0, delete 1, insert 1), 2026-01-15..2026-02-01 (docs/flat_day_repair.md)1× · 15 Jan 2026

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.