Vibhor Steel Tubes (NSE:VSTL) Debt-to-Equity: 0.98 (As of Mar. 2026) — 11% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:VSTL Vibhor Steel Tubes Ltd NSE:VSTL
32 GF Score
Price ₹108.27
! 3 Warning Signs
View Full Analysis

What is Vibhor Steel Tubes Debt-to-Equity?

Vibhor Steel Tubes NSE:VSTL -2.26% 32 Debt-to-Equity is 0.98 as of Mar. 2026, which is 11% below its 10-year median of 1.10. GuruFocus rates NSE:VSTL with a GF Score™ of 32/100. The stock has 3 warning signs investors should review. Among 547 Steel companies, Vibhor Steel Tubes ranks worse than 78.79% on this metric.

Vibhor Steel Tubes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹1,418 Mil. Vibhor Steel Tubes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹510 Mil. Vibhor Steel Tubes's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₹1,970 Mil. Vibhor Steel Tubes's debt to equity for the quarter that ended in Mar. 2026 was 0.98.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Vibhor Steel Tubes's Debt-to-Equity or its related term are showing as below:

NSE:VSTL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8   Med: 1.1   Max: 1.77
Current: 0.98

During the past 6 years, the highest Debt-to-Equity Ratio of Vibhor Steel Tubes was 1.77. The lowest was 0.80. And the median was 1.10.

NSE:VSTL's Debt-to-Equity is ranked worse than
78.79% of 547 companies
in the Steel industry
Industry Median: 0.4 vs NSE:VSTL: 0.98

Vibhor Steel Tubes  (NSE:VSTL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Vibhor Steel Tubes Debt-to-Equity Related Terms


Vibhor Steel Tubes Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Vibhor Steel Tubes's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vibhor Steel Tubes Debt-to-Equity Chart

Vibhor Steel Tubes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial 1.77 1.64 0.80 0.91 0.98

Vibhor Steel Tubes Quarterly Data
Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 N/A 1.01 N/A 0.98

NSE:VSTL vs NUE, STLD, RS: Debt-to-Equity Comparison

For the Steel subindustry, Vibhor Steel Tubes's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vibhor Steel Tubes Debt-to-Equity vs Steel Industry

For the Steel industry and Basic Materials sector, Vibhor Steel Tubes's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vibhor Steel Tubes's Debt-to-Equity falls into.


NSE:VSTL
32GF Score
Vibhor Steel Tubes Ltd NSE:VSTL
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vibhor Steel Tubes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vibhor Steel Tubes's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Vibhor Steel Tubes's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.98 mean?
Vibhor Steel Tubes (NSE:VSTL) has a Debt-to-Equity of 0.98 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vibhor Steel Tubes and its competitors. This is 11% below median its historical median of 1.10. Over the past decade, Vibhor Steel Tubes' Debt-to-Equity has ranged from 0.80 to 1.77. According to the industry distribution chart, Vibhor Steel Tubes ranks #431 out of 547 companies in the Steel industry, placing it in the top 78.8%.
Is Vibhor Steel Tubes' Debt-to-Equity too high?
Vibhor Steel Tubes' current Debt-to-Equity of 0.98 is 11% below median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 1.77. The Steel industry median Debt-to-Equity is 0.40. Vibhor Steel Tubes' value of 0.98 is 145% above this industry median. Based on the distribution chart, Vibhor Steel Tubes ranks #431 out of 547 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vibhor Steel Tubes has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Vibhor Steel Tubes' Debt-to-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Vibhor Steel Tubes ranks #431 out of 547 companies for Debt-to-Equity. This places Vibhor Steel Tubes in the lower half of its industry. The industry median Debt-to-Equity is 0.40. Vibhor Steel Tubes' value of 0.98 is 145% above this benchmark. Historically, Vibhor Steel Tubes' own Debt-to-Equity has ranged from 0.80 to 1.77 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 0.40, Vibhor Steel Tubes has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Steel company?
The median Debt-to-Equity among Steel companies is 0.40, based on 547 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vibhor Steel Tubes's current Debt-to-Equity of 0.98 is 145% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vibhor Steel Tubes and its competitors. For the Steel industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vibhor Steel Tubes's current Debt-to-Equity is 0.98, which is 11% below median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vibhor Steel Tubes stock overvalued right now?
Vibhor Steel Tubes (NSE:VSTL) has a current Debt-to-Equity of 0.98. The current Debt-to-Equity is 0.98, which is 11% below median its 10-year median of 1.10 and 145% above the Steel industry median of 0.40. Vibhor Steel Tubes' overall GF Score™ is 32/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Vibhor Steel Tubes (NSE:VSTL), the current Debt-to-Equity is 0.98 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vibhor Steel Tubes Business Description

Other Exchanges 544124:India
Address Delhi Road, Plot No. 2, Industrial Development Colony, Hisar, HR, IND, 125005
Vibhor Steel Tubes Ltd is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes, and others.
32GF Score

Get the complete analysis for NSE:VSTL

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹108.27
Price