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VMS TMT (VMSTMT)₹41.81−0.24%Iron & Steel Products
In the Mar 2026 quarter (standalone), VMS TMT reported sales of ₹241 Cr, up 12.0% from Mar 2025, and net profit of ₹2.28 Cr, down 36.8% year on year. For the year to Mar 2026, sales were ₹838 Cr and net profit ₹20.97 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 215 | 212 | 183 | 202 | 241 |
| Expenses | 203 | 193 | 171 | 185 | 229 |
| Operating Profit | 11.84 | 19.45 | 12.06 | 17.11 | 11.69 |
| OPM % | 5.5% | 9.2% | 6.6% | 8.5% | 4.9% |
| Other Income | 0.86 | 1.14 | 0.15 | 0.39 | 0.25 |
| Interest | 5.51 | 6.73 | 6.91 | 5.31 | 6.27 |
| Depreciation | 2.38 | 2.44 | 2.51 | 2.57 | 2.50 |
| Profit before tax | 4.86 | 11.50 | 2.83 | 9.69 | 3.21 |
| Tax % | 25.4% | 25.4% | 24.8% | 17.0% | 28.2% |
| Net Profit | 3.61 | 8.57 | 2.12 | 8.03 | 2.28 |
| EPS (Rs) | 1.04 | 2.49 | 0.44 | 1.61 | 0.45 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 175 | 225 | 494 | 882 | 872 | 770 | 838 | 838 |
| Expenses | 172 | 222 | 478 | 859 | 831 | 722 | 778 | 778 |
| Operating Profit | 2.99 | 2.99 | 15.98 | 21.95 | 40.92 | 46.89 | 60.92 | 60.31 |
| OPM % | 1.7% | 1.3% | 3.2% | 2.5% | 4.8% | 6.0% | 7.0% | 7.2% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | 1.93 |
| Interest | 2.01 | 2.01 | 6.01 | 13.04 | 18.04 | 21.05 | 25.06 | 25.22 |
| Depreciation | 0.00 | 0.00 | 1.01 | 4.01 | 4.01 | 7.01 | 10.03 | 10.02 |
| Profit before tax | 1.01 | 1.01 | 9.01 | 6.01 | 19.02 | 19.01 | 27.05 | 27.23 |
| Tax % | 26.0% | 26.0% | 24.0% | 24.0% | 30.0% | 24.0% | 23.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.99 | 0.99 | 6.99 | 3.99 | 12.98 | 14.98 | 20.97 | 21.00 |
| EPS (Rs) | 0.91 | 0.77 | 6.94 | 3.32 | 10.11 | 4.25 | 4.23 | 4.99 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5.99 | 9.97 | 9.99 | 12.97 | 12.97 | 34.93 | 49.86 |
| Reserves | 0.99 | 1.99 | 9.00 | 17.98 | 32.99 | 38.99 | 178 |
| Borrowings | 16.97 | 62.78 | 118 | 163 | 198 | 276 | 230 |
| Other Liabilities | 3.02 | 5.02 | 21.10 | 33.16 | 40.20 | 63.31 | 60.29 |
| Total Liabilities | 26.97 | 78.76 | 158 | 227 | 284 | 412 | 518 |
| Fixed Assets | 5.01 | 5.01 | 71.10 | 76.11 | 74.17 | 174 | 178 |
| CWIP | 0.00 | 48.81 | 0.00 | 3.99 | 51.85 | 0.00 | 42.86 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 21.96 | 24.94 | 85.84 | 148 | 159 | 238 | 297 |
| Inventories | 0.00 | 1.01 | 43.19 | 106 | 109 | 153 | 229 |
| Trade receivables | 21.99 | 17.01 | 32.01 | 9.01 | 15.99 | 25.01 | 34.01 |
| Cash & equivalents | 0.00 | 0.00 | 0.00 | 2.01 | 8.01 | 11.01 | 10.01 |
| Total Assets | 26.97 | 78.76 | 158 | 227 | 284 | 412 | 518 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 1.99 | 3.99 | −31.01 | −11.01 | 36.96 | −17.99 | −10.01 |
| Cash from investing activity | 0.00 | −49.01 | −18.02 | −27.04 | −50.04 | −55.05 | −47.05 |
| Cash from financing activity | −2.01 | 45.17 | 49.19 | 41.14 | 19.05 | 66.16 | 57.16 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 2.01 | 6.01 | −7.02 | 0.00 |
| Capex | 0.00 | 48.92 | 17.97 | 11.97 | 49.87 | 55.84 | 54.90 |
| Free cash flow | 1.99 | −45.92 | −48.93 | −22.94 | −12.98 | −73.86 | −64.83 |
| CFO / OP % | 83.0% | 150.0% | −191.0% | −52.0% | 90.0% | −29.0% | −14.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 44 | 27 | 23 | 3 | 6 | 11 | 14 |
| Inventory days | 0 | 2 | 36 | 49 | 52 | 88 | 138 |
| Days payable | — | 0 | 5 | 12 | 5 | 23 | 13 |
| Cash conversion cycle | 45 | 30 | 53 | 40 | 53 | 76 | 139 |
| Working capital days | 6 | 14 | 16 | 14 | 4 | 8 | 27 |
| ROCE % | — | 5.0% | 13.9% | 10.9% | 16.9% | 13.9% | 12.9% |
For the Mar 2026 quarter, VMS TMT reported sales of ₹241 Cr, up 12.0% year on year and net profit of ₹2.28 Cr, down 36.8% year on year. The operating margin was 4.9%.
VMS TMT's sales for the year to Mar 2026 were ₹838 Cr; over the last twelve months they were ₹838 Cr.
Net profit for the year to Mar 2026 was ₹20.97 Cr, and ₹21 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.99.
VMS TMT reported borrowings of ₹230 Cr at Mar 2026, against cash and equivalents of ₹10.01 Cr.
Cash from operations was −₹10.01 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹64.83 Cr.