Vibhor Steel Tubes Limited is manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. They are 2 decades old manufacturer, exporter, and supplier of steel pipes and tubes to various heavy engineering industries in India. Steel pipes and tubes can be used for many purposes such as steel pipes for frames and shafts, bicycle frames, furniture, CDW pipes for shockers, steel pipes for various structural and engineering purposes etc. They manufacture & supply finished goods for “Jindal Pipes Limited” under the brand name “Jindal Star”.
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+ Association with Jindal Pipes Limited. : The Company benefits from a long-standing relationship with JPL. It started with Job work activity which
has now translated into full time production of pipes (0.5 inch to 12 inch) for JPL under brand “Jindal Star”
+ Strategic Location : Their manufacturing units are located in Raigad, Maharashtra and Telangana so that location enables
ease of logistics, power, water supply and raw materials for operations.
+ Experienced Promoters : Company's two promoters are qualified professionals with an individual experience of more than 4 & 2 decades respectively in the Steel Pipes & Tubes industry and have been instrumental in driving growth since inception.
+ Interntional Accredititons: Company follows international standard manufacturing practises and their manufacturing facility benefits from the quality benchmarking certifications such as (i) ISO 9001:2015 and (ii) IS 1239:2004, IS 3601:2006, IS 3589:2001 from Bureau of Indian Standards. Such practices and accreditations, coupled with our technical capabilities and know-how enable us to manufacture products for both domestic and international customers.
- Negative Cash Flows: Company had reported certain negative cash flows from financing and operating activities in previous years. Steel business is working capital intensive. If they experience insufficient cash flows to meet required payments on working capital requirements, there may be an adverse effect on business.
- Long Term Agreements: Company has entered into long-term agreements with Jindal Pipes Limited for sale, any disruption in agreement can impact revenues.
- High Inventories and Trade Receivables: Our business is working capital intensive and hence, Trade Receivables and Inventories form substantial part of
our current assets and net worth. For the fiscal year 2023, 2022 and 2021, the trade receivable and inventories on
an aggregate basis constitutes Rs. 17,474.67 Lakhs, Rs. 14,602.24 Lakhs and Rs. 9,033.93 Lakhs, which is
59.51%, 58.75% & 52.24% respectively of total current assets respectively.
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