Sambhv Steel Q2FY27 Results: VAP sales volume hits record 1.13 lakh tonne
- Sambhv Steel Tubes reported highest-ever Q2FY27 sales volume for Value Added Products at 1,13,591 tonnes
- Pre-Galvanised (GP) Coils and Pipes segment volumes rose significantly to 32,126 tonnes
- Structural Pipes and Tubes contributed 67,020 tonnes, showing steady growth
- Total sales volume reached 1,22,662 tonnes, up from 1,07,771 tonnes in Q1FY27

*this image is generated using AI for illustrative purposes only.
Sambhv Steel Tubes Limited recorded its highest-ever sales volume for Value Added Products (VAP) in Q2FY27, reaching 1,13,591 tonnes. This performance underscores the company's successful scaling of high-value product portfolios despite global market disruptions.
The surge was primarily driven by the Structural Pipes and Tubes segment, which contributed 67,020 tonnes, alongside a significant jump in Pre-Galvanised (GP) Coils and Pipes to 32,126 tonnes. The company maintained overall volume stability even as ongoing geopolitical conflicts adversely impacted the broader industry landscape.
Segment-wise Volume Performance
The following table details the category-wise sales volumes for Q2FY27 compared to previous periods:
| Product Category (tonne) | Q2FY27 | Q1FY27 | Q2FY26 |
|---|---|---|---|
| Structural Pipes and Tubes | 67,020 | 56,617 | 57,788 |
| Pre-Galvanised (GP) Coils and Pipes | 32,126 | 29,814 | 20,207 |
| Stainless Steel Coils | 14,445 | 14,760 | 11,567 |
| Sub-Total (VAP) | 1,13,591 | 1,01,191 | 89,562 |
| Intermediate Products | 9,071 | 6,580 | 9,206 |
| Grand Total | 1,22,662 | 1,07,771 | 98,768 |
Note: Structural Pipes and Tubes include ERW black pipes & tubes and CRFH Pipes. Intermediate Products include Sponge Iron, Blooms/Slabs and HR Coils.
What the Numbers Show
A distinct divergence appears between the growth trajectories of the two major VAP sub-segments. While Structural Pipes and Tubes grew modestly by 18% YoY to 67,020 tonnes, the Pre-Galvanised (GP) Coils and Pipes segment expanded sharply by 59% YoY to 32,126 tonnes. This indicates that the recent record in total VAP volume is disproportionately supported by the rapid adoption of GP products rather than uniform growth across all categories. Additionally, Stainless Steel Coils saw a slight sequential dip from 14,760 tonnes in Q1FY27 to 14,445 tonnes in Q2FY27, suggesting stable but not accelerating demand in this niche area.
Historical Stock Returns for Sambhv Steel Tubes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.09% | +2.04% | +26.72% | +78.50% | +48.17% | +65.44% |
How will the disproportionate 59% YoY growth in Pre-Galvanised products influence Sambhv Steel's capital allocation strategy for capacity expansion in the coming fiscal year?
What specific margin implications arise from the shift in product mix toward Pre-Galvanised coils, given that this segment is now driving the majority of VAP volume growth?
Can the company sustain its record VAP sales volumes if geopolitical conflicts continue to disrupt raw material supply chains and global trade routes?


































