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SAMBHV STEEL TUBES LIMITED (SAMBHV)

Non-Energy Minerals · Steel · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.66 / 100
Profitability 75Balance sheet 57
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.57 / 100
Price 97Earnings 69FII/DII 4

Passes these screensQuality CompounderHigh MomentumDebt-light & profitableNear 52-week high

Share price

Closing priceAdjusted for splits and bonus issues.

₹163.87 latest close · +42.4% over the last 90 sessions

₹120₹140₹160Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹120₹140₹160Jul 3Sep 4Nov 9

₹163.87 month-end · +56.1% over 12 months

₹100₹125₹150Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹125₹150Nov '25May '26Nov '26

₹163.87 month-end · +28.3% since Jul '25

₹100₹125₹150Jul '25Oct '25Jan '26May '26Aug '26Nov '26 ₹100₹125₹150Jul '25Mar '26Nov '26

52-week range ₹81.42 to ₹178.90 · 1-year volatility 47.5%

Was the rally earned?

+56%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 102 points, but investors now pay less per rupee of profit (P/E 42.0x to 29.3x), which took 45 points back.
  • The share count rose 10%.
Net profit growth: +114 pts. Points of the price return explained by net profit growing (or shrinking).+114 ptsNet profit growthP/E change: −45 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−45 ptsP/E changeShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12 ptsShare count changeShare price: +56%+56%Share priceNet profit growth: +114 pts. Points of the price return explained by net profit growing (or shrinking).+114ProfitP/E change: −45 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−45P/EShare count change: −12 pts. Points of the price return explained by the share count changing. More shares count against the price.−12SharesShare price: +56%+56%Share price
Net profit growth+114 ptsNet profit rose about 147%, which lifts the price.
P/E change-45 ptsThe P/E fell from 42.0x to 29.3x, which lowers the price.
Share count change-12 ptsShare count rose 10%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with JSW STEEL

How rough has the ride been?

Maximum drawdown-41.1%recovered 2026-09
1-year volatility47.5%annualised
Volume spikes6last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2026−38.3% 0%−20%−40%2026−38.3%
Largest drawdowns

-41.1% (2025-07 peak to 2026-01 low, recovered 2026-09)

Most recent volume spikes

2026-09-29: 5.9x the 50-day median, price +5.4% that day

2026-09-23: 5.4x the 50-day median, price +4.1% that day

2026-09-21: 46.1x the 50-day median, price +5.1% that day

Where does it rank among Non-Energy Minerals peers?

Each cell is the company's percentile rank among its Non-Energy Minerals peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE85th
  • Op. margin65th▲ 7 pts vs a year ago
  • Revenue growth91st
  • EPS growth88th
  • Debt/equity ↓49th▲ 31 pts vs a year ago
  • Cash cycle ↓84th▼ 3 pts vs a year ago
  • P/E ↓38th▲ 13 pts vs a year ago
  • 12M momentum94th

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory

What is the price implying?

~28%annual earnings growth implied by the price

At a P/E of 56.6x, the price would imply about 27.9%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹163.87
P/E
29.3x
ROCE
19.0%
Market Cap
₹4837 cr
Revenue (TTM)
₹2586 cr
P/S
1.9x
P/B
4.6x
ROE
15.7%
Operating Margin
13.0%
Debt / Equity
0.4x
Promoter Holding
56.1%
12M Momentum
56.1%

52-week range

₹81.42₹178.90
85% of the way from its 52-week low to its high

Price risk

1Y volatility
47.5%
Beta vs sector
1-year daily
0.97

Balance sheet & cash

Interest cover
operating profit ÷ interest
6.9x
Share count, 1Y
+22.4%

Are profits backed by cash?

2 of 2checks within rangeAll clear
Other income reliance3%Within range

Other income as a share of pre-tax profit (trailing twelve months): 3.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow—Not enough data

Not enough reported data to compute this.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress—Not enough data

Not enough reported data to compute this.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Since Jun 2025, DIIs trimmed 3.7 pts; FIIs trimmed 2.1 pts.
  • The number of shareholders fell from 1.3 lakh to 69,951 (-47%) between Jun 2025 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupJun '25Jun '26Change
Promoters56.1%56.1%0.0 pts
FIIs3.6%1.5%-2.1 pts
DIIs6.8%3.2%-3.7 pts
Public and others33.4%39.2%+5.7 pts

Number of shareholders

69,951shareholders-47% since Jun '25
70k90k1.1L1.3L Jun '25Sep '25Dec '25Mar '26Jun '26
Jun '25: 1.3 lakh
Sep '25: 78,059
Dec '25: 73,686
Mar '26: 71,309
Jun '26: 69,951
70k90k1.1L1.3L Jun '25Dec '25Jun '26
Jun '25: 1.3 lakh
Sep '25: 78,059
Dec '25: 73,686
Mar '26: 71,309
Jun '26: 69,951

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+0.7%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like SAMBHV STEEL TUBES LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −25% to +45% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (+4.3%, 80% range −9.4% to +8.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
STERTOOLS · Nov 2024: −61.0% vs market
ICIL · Sep 2021: −54.2% vs market
HIKAL · Jun 2021: −51.3% vs market
FSL · Jun 2021: −45.0% vs market
KOLTEPATIL · Jul 2023: −39.5% vs market
JASH · Jan 2025: −37.0% vs market
GNA · Feb 2023: −36.3% vs market
DYCL · Dec 2024: −34.4% vs market
THOMASCOOK · Jun 2024: −33.7% vs market
SAGCEM · Sep 2021: −32.7% vs market
WELENT · Jan 2025: −26.4% vs market
CYIENT · Nov 2023: −25.9% vs market
POWERMECH · Jan 2024: −25.3% vs market
GOKEX · Nov 2023: −24.1% vs market
TIMETECHNO · Mar 2025: −22.0% vs market
HINDWAREAP · Aug 2021: −18.9% vs market
SMSPHARMA · Jul 2024: −18.2% vs market
KINGFA · Jul 2023: −16.8% vs market
BIRLANU · Apr 2021: −14.0% vs market
RKFORGE · Feb 2024: −13.6% vs market
HGINFRA · Feb 2020: −12.8% vs market
AMBER · Nov 2020: −10.5% vs market
STEELCAS · Feb 2023: −9.9% vs market
ZENSARTECH · Feb 2021: −2.3% vs market
TI · Oct 2023: −0.6% vs market
KDDL · Sep 2023: +2.0% vs market
ASKAUTOLTD · Mar 2025: +2.6% vs market
DCMSHRIRAM · Jun 2021: +3.5% vs market
PRICOLLTD · Aug 2023: +3.6% vs market
LUMAXTECH · Apr 2023: +3.6% vs market
MINDACORP · Nov 2023: +4.9% vs market
AVTNPL · Jun 2020: +9.2% vs market
DOLLAR · Oct 2021: +9.9% vs market
KRISHANA · Nov 2022: +11.4% vs market
THEMISMED · Feb 2022: +22.7% vs market
VISHNU · Aug 2025: +23.0% vs market
VADILALIND · Apr 2024: +38.1% vs market
CEMPRO · May 2025: +46.6% vs market
NDRAUTO · Mar 2024: +48.9% vs market
KKCL · Aug 2022: +49.4% vs market
KIRLOSBROS · Mar 2024: +50.9% vs market
BUTTERFLY · Oct 2021: +58.1% vs market
KEI · Jul 2022: +71.1% vs market
PRINCEPIPE · Dec 2020: +73.9% vs market
GRANULES · Jan 2020: +93.9% vs market
HSCL · Jun 2023: +102.8% vs market
PGEL · Jun 2024: +107.9% vs market
MBAPL · Oct 2025: +130.1% vs market
GRSE · Jul 2023: +162.6% vs market
GLOBUSSPR · Sep 2020: +203.1% vs market
Similar setups +0.7%All companies −3.6%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge

Similar setups' median
+0.7%
All companies' median
−3.6%
Beat the market
50% vs 46%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
POWERMECH
Industrial Services
Jan 2024 38x22% +182%0% −25%
GLOBUSSPR
Consumer Non-Durables
Sep 2020 16x14% +104%−7% +203%
KDDL
Consumer Durables
Sep 2023 48x18% +118%−1% +2%
FSL
Commercial Services
Jun 2021 35x16% +424%−1% −45%
ICIL
Process Industries
Sep 2021 23x23% +191%−1% −54%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ASKAUTOLTD
Producer Manufacturing
Mar 2025 37x24% +57%−11% +3%
HSCL
Process Industries
Jun 2023 27x13% +123%−2% +103%
PRICOLLTD
Producer Manufacturing
Aug 2023 33x20% +95%0% +4%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: P/S, 12-month momentum and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to SAMBHV STEEL TUBES LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

Producer Manufacturing
71%similar
market capvolatility
Producer Manufacturing
65%similar
revenuemarket cap
V2 RETAILV2RETAIL
Retail Trade
65%similar
ROCEoperating margin
Consumer Durables
64%similar
revenuedebt/equity
Commercial Services
64%similar
promoter holdingvolatility
Non-Energy Minerals
66%similar
volatilitymarket cap
Non-Energy Minerals
62%similar
market capvolatility
Non-Energy Minerals
53%similar
debt/equitypromoter holding

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

11 events since Dec '25

  1. SepPriceRegained the 2025-07 peak, 8 months after the low.
  2. SepPriceVolume reached 46.1x its 50-day median on 2026-09-21; price +5.1% that day.
  3. JulDebtDebt / equity halved over 12 months to 0.35x.
  4. JulSharesShare count is up 22.4% over 12 months.
  5. JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on operating margin (from the 3rd quartile).
  6. JunDebtDebt / equity fell below 1.0x (0.35x).
  7. MayPriceVolume reached 11.3x its 50-day median on 2026-05-11; price -0.3% that day.
  8. MarPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
Show 3 earlier events
  1. JanPriceFell 41% from the Jul 2025 peak to the Jan 2026 low.
  2. JanPriceVolume reached 18.4x its 50-day median on 2026-01-02; price +1.5% that day.
  3. DecInstitutionsFII + DII holding fell 5.1 pts over 1 quarter to 5.3%.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history17 months · 2025-07 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1129.3x₹2586 cr15.7%19.0%0.4x
2026-1027.2x₹2586 cr15.7%19.0%0.4x
2026-0929.4x₹2586 cr15.7%19.0%0.4x
2026-0826.5x₹2413 cr13.5%19.0%0.4x
2026-0724.9x₹2413 cr13.5%19.0%0.4x
2026-0622.5x₹2413 cr13.5%19.0%0.4x
2026-0528.0x₹2223 cr21.4%—1.0x
2026-0432.0x₹2223 cr21.4%—1.0x
2026-0324.4x₹2223 cr21.4%—1.0x
2026-0230.1x₹2003 cr18.8%—1.0x
2026-0127.3x₹2003 cr18.8%—1.0x
2025-1228.9x₹2003 cr18.8%—1.0x
2025-1142.0x₹1739 cr13.5%—1.0x
2025-1044.9x₹1739 cr13.5%—1.0x
2025-0943.6x₹1739 cr13.5%—1.0x
2025-0850.6x₹1511 cr11.5%—1.0x
2025-0753.7x₹1511 cr11.5%—1.0x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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