VMSTMT
VMS TMT Limited
VMS TMT Limited (VMSTMT) financial statements and selected valuation metrics through 30 June 2026.
Industrials›Capital Goods›Industrial Products›Iron & Steel Products
vmstmt.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
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Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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What you need to know
VMS TMT makes thermo-mechanically treated (TMT) steel reinforcement bars in Gujarat, selling them through dealers to mainly small-town and rural buyers, with its own scrap-based billet plant feeding the bar mill.
Company snapshot
55thBy market cap
Ranked among 64 companies in Iron & Steel Products.
What we see
- ✗Net margin is very thin at 2.5% — little room for error if costs rise.
Statement tables · Standalone
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Standalone only
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Sales | 183 Cr | 202 Cr | 241 Cr | 248 Cr |
| Operating expenses (approx.) | 171 Cr | 185 Cr | 229 Cr | 236 Cr |
| EBITDA | 12 Cr | 17 Cr | 12 Cr | 12 Cr |
| OPM % | 6.6% | 8.5% | 4.9% | 4.9% |
| Other income | 0.14 Cr | 0.38 Cr | 0.24 Cr | 0.12 Cr |
| Interest | 7 Cr | 5 Cr | 6 Cr | 4 Cr |
| Depreciation | 2 Cr | 3 Cr | 2 Cr | 3 Cr |
| Profit before tax | 3 Cr | 10 Cr | 3 Cr | 6 Cr |
| Tax % | 24.7% | 16.9% | 28.3% | 21.4% |
| Net profit | 2 Cr | 8 Cr | 2 Cr | 4 Cr |
| EPS (₹) | ₹0.59 | ₹1.62 | ₹0.46 | ₹0.90 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 882 Cr | 873 Cr | 770 Cr | 839 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 860 Cr | 832 Cr | 725 Cr | 778 Cr | Sign in free for the trailing twelve months |
| EBITDA | 22 Cr | 41 Cr | 46 Cr | 61 Cr | Sign in free for the trailing twelve months |
| OPM % | 2.5% | 4.7% | 5.9% | 7.2% | Sign in free for the trailing twelve months |
| Other income | 0.04 Cr | 0.21 Cr | 1 Cr | 2 Cr | Sign in free for the trailing twelve months |
| Interest | 13 Cr | 18 Cr | 20 Cr | 25 Cr | Sign in free for the trailing twelve months |
| Depreciation | 4 Cr | 4 Cr | 7 Cr | 10 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 6 Cr | 19 Cr | 20 Cr | 27 Cr | Sign in free for the trailing twelve months |
| Tax % | 24.4% | 30.2% | 23.3% | 22.6% | Sign in free for the trailing twelve months |
| Net profit | 4 Cr | 13 Cr | 15 Cr | 21 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹1.39 | ₹4.01 | ₹4.29 | ₹4.95 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 13 Cr | 13 Cr | 35 Cr | 50 Cr |
| Reserves | 18 Cr | 33 Cr | 39 Cr | 179 Cr |
| Borrowings | 163 Cr | 198 Cr | 276 Cr | 229 Cr |
| Other liabilities | 34 Cr | 40 Cr | 63 Cr | 63 Cr |
| Total liabilities | 227 Cr | 284 Cr | 412 Cr | 519 Cr |
| Fixed assets (net) | 75 Cr | 73 Cr | 174 Cr | 176 Cr |
| CWIP | 4 Cr | 52 Cr | 0.06 Cr | 43 Cr |
| Investments | — | — | — | 0 Cr |
| Inventories | 106 Cr | 109 Cr | 152 Cr | 228 Cr |
| Trade receivables | 9 Cr | 16 Cr | 25 Cr | 34 Cr |
| Cash & bank | 2 Cr | 8 Cr | 0.89 Cr | 1 Cr |
| Other assets | 31 Cr | 26 Cr | 60 Cr | 37 Cr |
| Total assets | 227 Cr | 284 Cr | 412 Cr | 519 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operating activity | -11 Cr | 37 Cr | -18 Cr | -10 Cr |
| Cash from investing | -27 Cr | -50 Cr | -55 Cr | -47 Cr |
| Cash from financing | 41 Cr | 19 Cr | 66 Cr | 57 Cr |
| Net cash flow | 2 Cr | 6 Cr | -7 Cr | 0.16 Cr |
| Free cash flow (OCF − Capex) | -38 Cr | -9 Cr | -63 Cr | -65 Cr |
Ratios
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | 9.5% | 15.3% | 11.4% | 11.5% |
| ROE % | 13.6% | 29.0% | 20.1% | 9.2% |
| Debtor days | 4 | 7 | 12 | 15 |
| Inventory days | 45 | 53 | 105 | 158 |
| Days payable | 11 | 6 | 28 | 16 |
| Cash conversion cycle | 38 | 54 | 88 | 157 |
| OCF / EBITDA % | n.m. | 90.6% | -39.4% | -16.5% |
| OCF / EBITDA % (3 years) | — | — | 7.4% | 6.4% |
| Debt / equity | 5.27 | 4.25 | 3.77 | 1.00 |
| Current ratio | 1.33 | 1.11 | 1.12 | 1.31 |
| Net debt / EBITDA | 7.33 | 4.61 | 6.04 | 3.75 |