Sambhv Steel Tubes Limited · NSE:SAMBHV
Sambhv Steel Tubes — Q2 FY27 Earnings Presentation
37 slides from Sambhv Steel Tubes's earnings presentation, Oct 29, 2026
Slide 1: Exchange filing cover letter
October 29, 2026 To To Listing Compliance Department Listing Compliance Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street, Bandra (East), Mumbai– 400051 Mumbai - 400 001 Symbol: SAMBHV Scrip Code: 544430 Dear Sir/Madam, Sub
Slide 2: Q2 & H1FY27 Investor Presentation
SAMBHV LIMITED STEEL TUBES Q2 & H1FY27 Investor Presentation October 2026
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sambhv Steel Tubes Limited (the “Company”) solely for the information purpose and do not constitute any offer, recommendation or invitation to purchase or subscribe any securities, and shall no
Slide 4: Table Of Content
Table Of Content 01 Q2 & H1FY27 Performance Highlights 02 Vision 2030 03 Seamless Pipe Foray 04 Ongoing Project Update
Slide 5: Management Commentary
Management Commentary “ Sambhv continued its momentum in Q2FY27 with Revenue, Operating EBITDA and PAT growth of 44%, 68% and 104% YoY, respectively, reflecting its execution capabilities, operating leverage & improved financial performance. Sambhv remains focused on strengthening its integrated man
Slide 6: Q2 & H1FY27 Performance Highlights
Q2 & H1FY27 Performance Highlights
Slide 7: Q2 & H1FY27 at a Glance
Q2 & H1FY27 at a Glance Q2FY27 Key Financial Highlights INR 1,051 Mn INR 8,888 INR 8,360 Mn INR 1,010 Mn INR 613 Mn Total EBITDA Op. EBITDA /T Revenue Operating EBITDA PAT (Ex. Sponge Iron) INR 8,233 INR 2,132 Mn 1.01x ~4 Days 20.79% Op. EBITDA / T Cash Flow from Net Debt / Working Capital ROCE* Ope
Slide 8: Q2 & H1FY27 - Key Strategic Updates
Q2 & H1FY27 - Key Strategic Updates Strategic Capital Raising Environmental Clearance Product Approvals received Expanded “Sambhv” Long Term Credit through allotment of granted for installing 60 from leading government co-branding network to Rating upgraded to A+ Fully Convertible Equity MW Round-th
Slide 9: Operational Performance
Operational Performance Q2FY27 Sales Volume (MT) ^ Structural Pipes & Tubes Stainless Steel Pre - Galvanized Coils & Pipes Total Value Added Products (ERW Black Pipes, CRFH Pipes) (CR Coils) (Coils, Pipes) 1,13,591 67,020 14,760 14,445 32,126 1,01,191 29,814 89,562 57,788 56,617 11,567 20,207 Q2FY26
Slide 10: Q2FY27 Financial Highlights
Q2FY27 Financial Highlights Revenue Gross Profit 44% 33% 8,360 6,853 7,322 5,802 5,891 2,046 2,120 2,149 1,617 1,579 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Operating EBITDA PAT 68% 104% 922 952 1,010 558 566 613 603 511 300 241 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26
Slide 11: Q2FY27 and H1FY27 Financial Highlights
Financial Highlights Revenue Gross Profit Operating EBITDA PAT 8,360 Q2FY27 5,802 2,149 1,010 1,617 613 603 300 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 11,388 15,682 3,289 4,270 1,962 1,330 H1FY27 1,179 634 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Revenue Gross Profit
Slide 12: Detailed Income Statement
Detailed Income Statement Particulars Q2FY27 Q1FY27 Q2FY26 QoQ YoY H1FY27 H1FY26 YoY Net Revenue from Operations 8,360 7,322 5,802 14% 44% 15,682 11,388 38% Total Expenditure 7,350 6,370 5,199 15% 41% 13,720 10,058 36% Gross Profit 2,149 2,120 1,617 1.37% 32.94% 4,270 3,289 29.84% Gross Profit Margi
Slide 13: H1FY27 Balance Sheet
H1FY27 Balance Sheet ASSETS H1FY27 FY26 EQUITY AND LIABILITIES H1FY27 FY26 Fixed Assets 7,001 6,991 Share Capital 2,947 2,947 Work-In-Progress 4,365 1,872 Other Equity 8,774 7,608 Intangible Assets - - Total Equity 11,720 10,554 Investment in Subsidiary 652 652 Financial Liabilities Financial Assets
Slide 14: Vision 2030
Vision 2030
Slide 15: Key Investment Thesis
Key Investment Thesis 01. 02. 03. 04. 05. 06. 07. Single Location Strategically Strong Process Wide-spread Well Well-positioned to Experienced Track Record of Fully Backward Located Innovation & Connected Take Advantage of Promoters and Healthy Financial Integrated Facility Manufacturing Execution D
Slide 16: Key Strategy Initiatives
Key Strategy Initiatives 01. 02. 03. 04. Capacity Expansion in Cost Optimization Brand Building Increased Distribution Network Value added Products • Ongoing Greenfield Expansion at Kesda, • Setting up round-the-clock 25 MW • Continue to implement branding • Expanding reach to Coastal Belt Of India
Slide 17: Vision 2030 Finished Products Capacity Addition
Vision 2030 Finished Products Capacity Addition > 2 MMTPA 240,000 3.5 Stainless Steel 3.5MMTPA MMTPA Galvalume Coated Products 510,000 240,000 ERW Pipes 7.1 7.1MMTPA MMTPA Galvalume Stainless StainlessSteel Steel 150,000 360,000 ERW Pipes Stainless Steel September 27 March 27 10.1 MMTPA ERW Pipes 58
Slide 18: Cost Optimization Initiatives
Cost Optimization Initiatives Captive Power Plant Cost Optimization Area Coal based Syngas Plant 60 MW for Methane production to replace our external PNG supply need 45 MW 30 MW Oxygen Gas Plant for 20 MW Oxygen extraction to be 25 MW used in stainless steel processes 8 MW 30 MW Nitrogen Gas Plant f
Slide 19: Seamless Pipe Foray
Seamless Pipe Foray
Slide 20: Global Market Overview
Global Market Overview Share of Export Share of Import Top 5 countries : Top 5 Countries Rest of the world Top 10 Countries Rest of the world Top 10 countries : 01 ~80-85% of world 01 ~73-75% of world export imports 15.0% 25.0% Other countries : 02 ~15-20% of world 02 Remaining countries : exports ~
Slide 21: Domestic Industry Overview
Domestic Industry Overview Particulars Strategic Positioning Seamless Outpace • India’s SS Seamless Pipes & Tubes expanding at 15/16% CAGR Welded in Domestic 01 Demand Surge • Higher utilization of Seamless Pipe Plants (75–85%) indicates significantly stronger demand for Seamless products European M
Slide 22: Key Product Categories
Key Product Categories BY MATERIAL GRADE Martensitic/Ferritic stainless 01 Austenitic Stainless Steel 02 Steel 03 Duplex & Super Duplex 04 Nickel Alloy & Specialty Steel • 304 / 304L • 2205 • 409 • Inconel • 316 / 316L • 2507 • 430 • Hastelloy • 310 • F51, F53 • 410 • Alloy 20 • 321 • Lean duplex •
Slide 23: End Use Industry
End Use Industry Sunrise Industries SEMICONDUCTOR DATA CENTER GREEN HYDROGEN COAL GASIFICATION AEROSPACE NUCLEAR Growing Industries MARINES MEDICAL EQUIPMENTS DEFENSE DESALINATION HEAT EXCHANGE TUBING CHEMICAL Mature Industries FOOD PROCESSING & THERMAL OIL & GAS PHARMACEUTICALS FERTILIZER AUTOMOTIV
Slide 24: Indian Government Initiatives
Indian Government Initiatives 01 02 03 04 05 PLI - Specialty Steel Incentive Submarine Indigenous Weapons Pharma Transformation Seamless Pipes & Tubes Policy moves, including ₹ 1.5 India is moving forward with India's annual defence 27 new Greenfield Bulk Drug manufacturing covered under lakh crore
Slide 25: Domestic Industry Landscape
Domestic Industry Landscape Large players dominate high specialized sectors & exports, while mid-sized and small manufacturers focus on process industries & localized demand. The market structure reflects clear segmentation by capacity, certification level, and customer base Large Players Mid - size
Slide 26: Expected Industry Future
Expected Industry Future ATTRACTIVE INDUSTRY FEATURES EXPECTED INDUSTRY DIRECTION EXPECTED WINNERS Protects Margins High Entry Barriers Consolidation among Small Player Metallurgical Expertise ₹300-600 Cr CAPEX; Complex Piercing • Smaller players to be absorbed or Exit Mastery of Duplex series, Nick
Slide 27: SAMBHV SWOT Analysis
SAMBHV SWOT Analysis Strengths Weakness Opportunity Threats Strong Pan-India Geographic Tier-1 vendor credentials to Surging Domestic Demand - Energy Supply Dependence - Presence unlock high-volume, large- Multi-Sector Growth Reheating Process project segments Vulnerability Wide Size Range in Segmen
Slide 28: SAMBHV Entry Strategy
SAMBHV Entry Strategy Business Raw Material Multiple Domestic Billet Manufacturers & 01 Model Integrated Manufacturing 07 Sourcing Global Raw Material Sourcing Capability 14,400 TPA (Phase I: Piercing & Pilgering) Large Contiguous Land Acquired for all 02 Capacity → 50,000 TPA Fully Integrated in ne
Slide 29: Process Flow for Seamless Pipe Manufacturing
Process Flow for Seamless Pipe Manufacturing HOT WORKING Round Bar Peeling & Cutting Re-Heating Centering Degreasing Pilgering COLD WORKING Solution Annealing Piercing Straightening Pickling Solution Annealing Straightening Cutting & Bevelling Marketing / Packaging Final Inspection Pickling & Passiv
Slide 30: Ongoing Project Update
Ongoing Project Update
Slide 31: Location wise Capacity Breakup
Location wise Capacity Breakup Location Product / Facility Existing Capacity Capacity Addition Total Capacity Post Expansion Sarora Structural Pipes & Tubes* 350,000 MTPA Ongoing – 150,000 MTPA (DFT route) 500,000 MTPA Stainless Steel - Slab & HR Coil 116,000 MTPA - 116,000 MTPA Phase I – 30 MW Powe
Slide 32: Master Plan for Phased Capacity Build-Up in Kesda
Master Plan for Phased Capacity Build-Up in Kesda 31
Slide 33: From Ground to Structure: On-Site Execution Progress
From Ground to Structure : On-Site Execution Progress Captive Power Plant – 25MW SMS, Hot Rolling Mill and HRAP Line Air-Cooled Condenser Building Stack Boiler Building HRM & HRAP shed (Total Height – 26.75mtr.) (Total Height & ESP – 120 mtr.) Turbine Building (Total Height – 26mtr.) Internal Road H
Slide 34: From Plan to Progress: Execution Schedule and Status
From Plan to Progress : Execution Schedule and Status Target Current Target Current Division Work Description Division Work Description Timeline Status Timeline Status Project Office & Labour Quarter Construction Completed Key Machineries Ordering Q4FY26 Completed 11KV Line for Construction Work Q3F
Slide 35: On-Site Execution Progress for Sarora Unit III
From Ground to Structure : On-Site Execution Progress for Sarora Unit III Captive Power Plant – 30MW, Sarora Unit-III Boiler building (Height – 14 mtr.) Turbine Building Air-Cooled Condenser Building Ash Silo (Height – 9.5 mtr.) (Height – 14 mtr.) (Height – 5 mtr.) Note – The above images were click
Slide 36: Execution Schedule and Status for Sarora Unit III
From Plan to Progress : Execution Schedule and Status for Sarora Unit III Target Current Division Work Description Timeline Status Key Machineries Ordering Q3FY27 ~90% Completed Civil Work for Technological Structure ~60% Completed Q4FY27 Power Civil Work for Static Building Structure ~20% Completed
Slide 37: Investor Relations
Company Contact - [email protected]; [email protected] Sana Kapoor Sakshi Narvekar Go India Advisors Go India Advisors Investor Relations [email protected] [email protected] M: +91 81465 50469 M: +91 87792 63625