Vibhor Steel Tubes (NSE:VSTL) ROE %: 5.23% (As of Mar. 2026) — 46% Below Median


NSE:VSTL Vibhor Steel Tubes Ltd NSE:VSTL
32 GF Score
Price ₹116.37
! 3 Warning Signs
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What is Vibhor Steel Tubes ROE %?

Vibhor Steel Tubes NSE:VSTL -0.44% 32 ROE % is 5.23% as of Mar. 2026, which is 46% below its 10-year median of 9.76. GuruFocus rates NSE:VSTL with a GF Score™ of 32/100. The stock has 3 warning signs investors should review. Among 622 Steel companies, Vibhor Steel Tubes ranks better than 54.98% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Vibhor Steel Tubes's annualized net income for the quarter that ended in Mar. 2026 was ₹103 Mil. Vibhor Steel Tubes's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹1,970 Mil. Therefore, Vibhor Steel Tubes's annualized ROE % for the quarter that ended in Mar. 2026 was 5.23%.

The historical rank and industry rank for Vibhor Steel Tubes's ROE % or its related term are showing as below:

NSE:VSTL' s ROE % Range Over the Past 10 Years
Min: 1.14   Med: 9.76   Max: 25.51
Current: 4.57

During the past 6 years, Vibhor Steel Tubes's highest ROE % was 25.51%. The lowest was 1.14%. And the median was 9.76%.

NSE:VSTL's ROE % is ranked better than
54.98% of 622 companies
in the Steel industry
Industry Median: 3.69 vs NSE:VSTL: 4.57

Vibhor Steel Tubes  (NSE:VSTL) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=102.984/1970.008
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(102.984 / 13405.172)*(13405.172 / 4390.574)*(4390.574 / 1970.008)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.77 %*3.0532*2.2287
=ROA %*Equity Multiplier
=2.35 %*2.2287
=5.23 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=102.984/1970.008
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (102.984 / 166.252) * (166.252 / 381.524) * (381.524 / 13405.172) * (13405.172 / 4390.574) * (4390.574 / 1970.008)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6194 * 0.4358 * 2.85 % * 3.0532 * 2.2287
=5.23 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Vibhor Steel Tubes ROE % Related Terms


Vibhor Steel Tubes ROE % Historical Data

* Premium members only.

The historical data trend for Vibhor Steel Tubes's ROE % 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 ROE % Chart

Vibhor Steel Tubes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial 17.11 25.51 13.08 6.43 4.57

Vibhor Steel Tubes Quarterly Data
Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 9.43 6.68 2.95 3.44 5.23

NSE:VSTL vs NUE, STLD, RS: ROE % Comparison

For the Steel subindustry, Vibhor Steel Tubes's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Steel Industry

For the Steel industry and Basic Materials sector, Vibhor Steel Tubes's ROE % distribution charts can be found below:

* The bar in red indicates where Vibhor Steel Tubes's ROE % falls into.


NSE:VSTL
32GF Score
Vibhor Steel Tubes Ltd NSE:VSTL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Vibhor Steel Tubes ROE % Calculation

Vibhor Steel Tubes's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=87.934/( (1881.222+1970.008)/ 2 )
=87.934/1925.615
=4.57 %

Vibhor Steel Tubes's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=102.984/( (0+1970.008)/ 1 )
=102.984/1970.008
=5.23 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 5.23% mean?
Vibhor Steel Tubes (NSE:VSTL) has a ROE % of 5.23% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Vibhor Steel Tubes and its competitors. This is 46% below median its historical median of 9.76. Over the past decade, Vibhor Steel Tubes' ROE % has ranged from 1.14 to 25.51. According to the industry distribution chart, Vibhor Steel Tubes ranks #280 out of 622 companies in the Steel industry, placing it in the top 45%.
Is Vibhor Steel Tubes' ROE % too high?
Vibhor Steel Tubes' current ROE % of 5.23% is 46% below median its 10-year median of 9.76. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 25.51. The Steel industry median ROE % is 3.69. Vibhor Steel Tubes' value of 5.23% is 41.7% above this industry median. Based on the distribution chart, Vibhor Steel Tubes ranks #280 out of 622 companies in the Steel industry, which is above the industry midpoint. 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' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Vibhor Steel Tubes ranks #280 out of 622 companies for ROE %. This puts Vibhor Steel Tubes in the upper half of its industry. The industry median ROE % is 3.69. Vibhor Steel Tubes' value of 5.23% is 41.7% above this benchmark. Historically, Vibhor Steel Tubes' own ROE % has ranged from 1.14 to 25.51 over the past decade. While the company's 10-year median is 9.76 vs. the industry median of 3.69, 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 ROE % for a Steel company?
The median ROE % among Steel companies is 3.69, based on 622 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vibhor Steel Tubes's current ROE % of 5.23% is 41.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Vibhor Steel Tubes and its competitors. For the Steel industry, the median ROE % is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vibhor Steel Tubes's current ROE % is 5.23%, which is 46% below median its own 10-year median of 9.76. 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 ROE % of 5.23%. The current ROE % is 5.23%, which is 46% below median its 10-year median of 9.76 and 41.7% above the Steel industry median of 3.69. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Vibhor Steel Tubes (NSE:VSTL), the current ROE % is 5.23% 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

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