VMS TMT - 2026 Company Profile, Team & Financials

About VMS TMT

VMS TMT is a publicly listed company based in Ahmedabad (India) founded in 2022. It manufactures high-strength TMT Bars and supplies to builders and retailers in India. It operates on a B2B and B2C model. The company has 15 employees. Its Indian entity Vms Tmt Limited reported revenue of ₹873 Cr. VMS TMT offers products and services including TMT Bars and Pipes. Its focus areas include Manufacturing, Industrial Goods, Pipes and Fittings and Stainless Steel Products. Its competitors include Emirates Steel Arkan, Rathi Steel And Power, SeAH, Kamachi TMT and Indus TMT and 3 more.

Company details

VMSTMT produces Thermo Mechanical Treatment Bars at its facility near Ahmedabad, Gujarat, India, using advanced machinery for high-strength steel manufacturing. The company operates on business-to-business and retail models, serving contractors, governmental authorities, and institutional clients. It emphasizes quality through ISO certifications and sustainability via solar energy initiatives. Raw materials are sourced locally to reduce costs, with distribution through dealers in the region.

Headquarters Ahmedabad, India
Employees 15
Stage Public
Sectors
Industrial Goods & Manufacturing
Email
••••••••
Phone
•••• ••••
Website vmstmt.com
Legal Name Vms Tmt Ltd

Operational Areas

Industrial Goods & Manufacturing → Metals & Minerals

Key Metrics

Market Cap
₹225 Cr
VMSTMT · NSE
Share Price
₹43.52
-4.04% today
Revenue
₹839 Cr
FY 2025-26 · +8.9% YoY
EBITDA
₹64.50 Cr
Margin 7.7%
Net Profit
₹21.03 Cr
FY 2025-26 · +42.6% YoY
P/E (TTM)
13.3x
P/B 1.0x
ROE
14.0%
ROCE 13.9%
Debt / Equity
1.68
Interest cover 53.2x
Employee Count
15

Associated legal entities of VMS TMT

VMS TMT is associated with 2 registered companies on The Company Check; the primary company is Vms Tmt Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2024)	Employees	Directors	Company page
Vms Tmt Limited Listed CIN L27204GJ2013PLC074403	Active	09 Apr 2013	Bavla, Gujarat	₹873 Cr	15	8	View details
Vmstmt Limited CIN U27204GJ2013PLC074403	–	09 Apr 2013	Ahmedabad, Gujarat, India	–	–	–	View details

Products & Services of VMS TMT

VMS TMT offers a comprehensive portfolio of products and services, including TMT Bars and Pipes.

TMT Bars

Construction Materials

High-strength steel bars for reinforced concrete in buildings

Pipes

Industrial Products

Stainless steel pipes for manufacturing and infrastructure applications

Board of directors of Vms Tmt Limited (VMS TMT)

Vms Tmt Limited is the primary company behind VMS TMT. The board of Vms Tmt Limited currently have 6 directors; the longest-serving is Manojkumar Jain, appointed in 2014. 12 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Manojkumar Jain DIN 02190018	Director	25 May 2014	12 yrs 4 mo	Vms Tmt Limited
Rishabh Sunil Singhi DIN 09342922	Whole-time director	09 Oct 2021	5 yrs	Vms Tmt Limited
Varun Manojkumar Jain DIN 03502561	Managing Director	01 Apr 2022	4 yrs 6 mo	Vms Tmt Limited
Vivek Dinesh Nathwani DIN 09791683	Director	03 May 2024	2 yrs 5 mo	Vms Tmt Limited
Jasmin Jaykumar Doshi DIN 08686876	Director	03 May 2024	2 yrs 5 mo	Vms Tmt Limited
Vaishaliben Sanjaybhai Jain DIN 11450105	Additional Director	29 Apr 2026	5 mo	Vms Tmt Limited

IPO & Listings of VMS TMT

VMS TMT is a publicly listed company on the NSE with ticker symbol VMSTMT in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date24 Sep 2025
Listed onBSE: 544521 · NSE: VMSTMT
Listed entityVMS TMT LTD
Exchange sectorNon-energy minerals
ISININE0SJA01013
Share price₹45.60 (+0.4% on the day) · 2026-10-14
Market capitalisation₹226 Cr
Price to earnings13.4
EPS (diluted, trailing year)₹3.41
Volume (last session)10,988

Financials of VMS TMT

Exchange-reported figures of Vms Tmt Limited, the listed company behind VMS TMT (NSE: VMSTMT).

Financial Highlights

FY 2025-26 · Standalone

Revenue

₹839 Cr

+8.9% YoY

EBITDA

₹64.50 Cr

+38.9% YoY

Profit After Tax

₹21.03 Cr

+42.6% YoY

Net Worth

₹228 Cr

+211.7% YoY

Total Assets

₹460 Cr

+31.5% YoY

Total Debt

₹231 Cr

-16.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	839	770	873	882	494	225	175
Revenue growth	+8.9%	-11.8%	-1.0%	+78.7%	+119.4%	+28.8%	-
EBITDA	64.50	46.42	41.49	21.99	16.03	2.83	2.99
EBITDA margin	+7.7%	+6.0%	+4.8%	+2.5%	+3.3%	+1.3%	+1.7%
Profit before tax	27.17	19.40	19.30	5.52	8.99	1.01	0.77
Net profit	21.03	14.75	13.47	4.17	6.86	0.75	0.57
Net profit margin	+2.5%	+1.9%	+1.5%	+0.5%	+1.4%	+0.3%	+0.3%
EPS (₹)	4.24	4.26	10.10	3.33	6.95	0.76	0.91
Balance sheet
Total assets	460	350	245	194	136	74.42	24.61
Net worth	228	73.19	46.52	30.84	18.70	11.81	7.47
Total debt	231	276	198	163	118	62.61	17.13
Cash & bank	9.90	11.01	8.09	2.20	0.01	0.01	0.08
Net working capital	247	176	108	102	66.36	19.54	19.43
Cash flow
Cash from operations	(10.01)	(23.48)	37.34	(11.30)	(30.95)	3.95	2.45
Cash from investing	(46.99)	(54.61)	(50.02)	(27.01)	(18.45)	(49.49)	0.05
Cash from financing	57.16	70.89	18.56	40.51	49.40	45.47	(2.49)

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Revenue	248	241	202	183	212	215
Revenue growth (YoY)	+16.7%	+12.1%	-	-	-	-
Other income	0.12	0.24	0.38	0.14	1.13	0.85
Total expenses	236	229	185	171	193	203
EBITDA	12.07	11.70	17.15	12.09	19.48	11.87
EBITDA margin	+4.9%	+4.9%	+8.5%	+6.6%	+9.2%	+5.5%
Depreciation	2.55	2.49	2.56	2.50	2.43	2.37
Interest	3.96	6.26	5.30	6.90	6.71	5.50
Profit before tax	5.68	3.19	9.67	2.83	11.47	4.85
Tax	1.21	0.90	1.64	0.70	2.91	1.23

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Revenue	248	241	202	183	212	215
Revenue growth (YoY)	+16.7%	+12.1%	-	-	-	-
Other income	0.12	0.24	0.38	0.14	1.13	0.85
Total expenses	236	229	185	171	193	203
EBITDA	12.07	11.70	17.15	12.09	19.48	11.87
EBITDA margin	+4.9%	+4.9%	+8.5%	+6.6%	+9.2%	+5.5%
Depreciation	2.55	2.49	2.56	2.50	2.43	2.37
Interest	3.96	6.26	5.30	6.90	6.71	5.50
Profit before tax	5.68	3.19	9.67	2.83	11.47	4.85
Tax	1.21	0.90	1.64	0.70	2.91	1.23

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	839	770	873	882	494	225	175
Revenue growth	+8.9%	-11.8%	-1.0%	+78.7%	+119.4%	+28.8%	-
Other income	1.64	1.22	0.21	0.04	0.02	0.00	0.05
Total expenses	774	724	831	860	478	222	172
Employee cost	19.31	13.22	10.05	9.19	4.94	0.03	0.08
EBITDA	64.50	46.42	41.49	21.99	16.03	2.83	2.99
EBITDA margin	+7.7%	+6.0%	+4.8%	+2.5%	+3.3%	+1.3%	+1.7%
Depreciation	9.98	6.81	3.93	3.58	1.44	0.13	0.13
Interest	28.99	21.43	18.47	12.93	5.62	1.69	2.14
Profit before tax	27.17	19.40	19.30	5.52	8.99	1.01	0.77
Tax	6.14	4.66	5.83	1.35	2.13	0.26	0.20
Net profit	21.03	14.75	13.47	4.17	6.86	0.75	0.57
Net profit margin	+2.5%	+1.9%	+1.5%	+0.5%	+1.4%	+0.3%	+0.3%
EPS (₹)	4.24	4.26	10.10	3.33	6.95	0.76	0.91

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	49.63	34.63	13.34	12.61	9.90	9.90	6.33
Reserves & surplus	178	38.56	33.18	18.23	8.80	1.91	1.14
Shareholders' funds (net worth)	228	73.19	46.52	30.84	18.70	11.81	7.47
Secured loans	209	205	140	104	73.76	36.61	10.88
Unsecured loans	21.70	71.20	58.60	58.61	43.87	26.00	6.25
Total debt	231	276	198	163	118	62.61	17.13
Total liabilities	460	350	245	194	136	74.42	24.61
Assets
Gross block	204	191	83.23	81.29	73.14	5.51	5.49
Net block	178	174	73.76	75.75	71.18	4.99	5.10
Capital work in progress	43.03	0.06	51.68	3.61	0.00	49.47	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	228	152	109	106	43.43	1.04	0.00
Sundry debtors	34.49	24.99	15.73	9.03	31.80	17.35	21.58
Cash & bank balances	9.90	11.01	8.09	2.20	0.01	0.01	0.08
Loans & advances	24.59	43.44	8.79	14.71	10.24	5.89	0.17
Total current assets	297	231	142	132	85.48	24.29	21.83
Total current liabilities	50.33	55.76	33.98	29.89	19.12	4.75	2.40
Net working capital	247	176	108	102	66.36	19.54	19.43
Total assets	460	350	245	194	136	74.42	24.61

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	0.89	8.09	2.20	0.01	0.01	0.08	0.08
Net cash from operating activities	(10.01)	(23.48)	37.34	(11.30)	(30.95)	3.95	2.45
Net cash from investing activities	(46.99)	(54.61)	(50.02)	(27.01)	(18.45)	(49.49)	0.05
Net cash from financing activities	57.16	70.89	18.56	40.51	49.40	45.47	(2.49)
Net change in cash	0.16	(7.20)	5.88	2.19	0.00	(0.07)	0.00
Closing cash	9.90	11.01	8.09	2.20	0.01	0.01	0.08

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	+8.9%	-11.8%	-1.0%	+78.7%	+119.4%	+28.8%	-
EBITDA growth	+39.0%	+11.9%	+88.7%	+37.2%	+466.4%	-5.4%	-
PBT growth	+40.1%	+0.5%	+249.6%	-38.6%	+790.1%	+31.2%	+9997.0%
Net income growth	+42.6%	+9.5%	+223.0%	-39.2%	+814.7%	+31.6%	-
Revenue CAGR (3Y)	-1.7%	+16.0%	+57.1%	+71.6%	-	-	-
EBITDA CAGR (3Y)	+43.2%	+42.5%	+144.8%	+94.5%	-	-	-
Profitability & leverage
Net income margin	+2.5%	+1.9%	+1.5%	+0.5%	+1.4%	+0.3%	+0.3%
Return on capital employed	+13.9%	+13.7%	+17.2%	+11.2%	+13.9%	+5.5%	+11.8%
Return on net worth	+14.0%	+24.6%	+34.8%	+17.0%	+45.1%	+7.8%	+7.8%
Debt / equity	1.68	3.96	4.67	5.67	5.91	4.14	2.29
Long-term debt / equity	0.60	1.92	2.57	3.33	3.15	1.31	0.00
Interest cover	53.17	54.10	49.17	70.23	38.52	62.59	74.83
Efficiency & per share
Fixed asset turnover	4.25	5.62	10.61	11.42	12.55	40.92	31.82
Inventory turnover	4.41	5.89	8.11	11.82	22.20	432.77	0.00
Debtors turnover	28.20	37.83	70.51	43.20	20.09	11.56	8.09
EPS (₹)	4.24	4.26	10.10	3.33	6.95	0.76	0.91
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	45.97	21.13	34.87	24.46	18.89	11.93	11.81

Competitors of VMS TMT

VMS TMT has 8 listed competitors in our database. They include Emirates Steel Arkan, Rathi Steel And Power, SeAH, Kamachi TMT and Indus TMT, among others.

Company Name	Domain	Founded	HQ Location	Total funding	Employees	Description
Emirates Steel Arkan	emiratessteelarkan.com	1998	Abu Dhabi, United Arab Emirates	–	–	Steel and building materials producer company
Rathi Steel And Power	rathisteelandpower.com	1972	Delhi, India	–	102	Reinforcement rebars and wire are manufactured for construction applications.
SeAH	seah.co.kr	1960	Seoul, South Korea	–	–	Multiple industries are served by SeAH as a diversified conglomerate.
Kamachi TMT	kamachitmt.com	1978	Chennai, India	–	30	Manufactures and supplies high-quality TMT bars for construction projects using advanced technology.
Indus TMT	industmt.com	1996	Bengaluru, India	–	152	Produces high-quality steel products for the construction industry.
RATHI	rathisteels.com	1942	Delhi, India	–	70	Industrial steel equipment is manufactured for various sectors since 1942.
GPH Ispat	gphispat.com.bd	2006	Chattogram, Bangladesh	–	–	Steel is manufactured by GPH Ispat in Bangladesh facilities.
Celsa Nordic	celsanordic.com	2006	–	–	371	Steel production and operations with environmental focus after rebranding and acquisition.

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Detailed competitors of VMS TMT

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Web traffic of VMS TMT

The website of VMS TMT (vmstmt.com) receives about 2.4K visits a month.

Monthly visits
2.4K
▼ 12.2% vs previous month

Top companies in Metals & Minerals

10 companies that operate in the same segment as VMS TMT (Metals & Minerals), ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
3M	3M is recognized as a global leader in industrial innovation.	1902	United States	–	USD 24.95 B	74
Philips	Diversified products are provided across health, lighting, and consumer sectors.	1891	Amsterdam, Netherlands	–	USD 20.95 B	67,820
Sumitomo Corporation	Diversified conglomerate operating across multiple industries	1919	Tokyo, Tokyo, Japan	–	USD 45.77 B	73
Mitsui & Co.	Traditional conglomerate services are provided across multiple sectors by Mitsui.	1947	Chiyoda, Tokyo, Japan	–	USD 87.78 B	146
Glencore	Metals and minerals are produced and supplied worldwide.	1974	Baar, Zug, Switzerland	USD 2.2 B	USD 252.73 B	150,000
Al-Futtaim	Multiple real estate strategies are pursued by Al-Futtaim.	1930	Dubai, Dubai, United Arab Emirates	USD 500 M	–	–
Imerys	Mineral-based specialty solutions are supplied for industrial applications.	1880	Paris, France	USD 1.56 B	USD 3.97 B	12,900
Welspun Group	Manufacturer of pipes, plates & coils, and home textile products	1985	Mumbai, Maharashtra, India	USD 544.43 M	–	6,934
SK	Private equity firm focused on energy, chemical, semiconductor, logistics, and multiple sectors	1953	Seoul, South Korea	–	USD 14.38 M	1
Sanmar Group	Chemical and casting products are manufactured, with shipping operations managed.	1962	Chennai, Tamil Nadu, India	USD 573.4 M	USD 1.43 B	180

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Related news about Vms Tmt

VMS TMT Limited Announces Q1 FY27 Results

Business Standard • 2 months ago

VMS TMT June-Quarter PAT 44.7 Million Rupees

Reuters • 2 months ago

Vms Industries Receives Tax Demand And Penalty Worth Total Of 198.8 Million Rupees

Reuters • 5 months ago

VMS Industries Gets Tax Demand Of 76.5 Million Rupees, Penalty 153 Million Rupees

Reuters • 6 months ago

VMS TMT Bags Order Worth 460 Million Rupees

Reuters • 1 year ago

India's VMS TMT rises 0.7% on trading debut

Reuters • 1 year ago

VMS TMT shares list at 6% premium over IPO price on bourses - The Economic Times

Economic Times • 1 year ago

VMS TMT shares hit 5% lower circuit after modest listing gains. What should investors do? - The Economic Times

Economic Times • 1 year ago

Quiet debut: VMS TMT lists at 6% premium to issue price - IPO News | The Financial Express

Financial Express • 1 year ago

VMS TMT IPO shares list at 6% premium over issue price | Zee Business

ZEE Business • 1 year ago

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Frequently Asked Questions about VMS TMT

When was VMS TMT founded?

VMS TMT was founded in 2022.

Where is VMS TMT located?

VMS TMT is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

How many employees does VMS TMT have?

VMS TMT has 15 employees.

What is the annual revenue of VMS TMT?

The primary company behind VMS TMT, Vms Tmt Limited, reported revenue of ₹873 Cr for FY 2024, down 1% year on year.

What does VMS TMT do?

VMSTMT produces Thermo Mechanical Treatment Bars at its facility near Ahmedabad, Gujarat, India, using advanced machinery for high-strength steel manufacturing. The company operates on business-to-business and retail models, serving contractors, governmental authorities, and institutional clients. It emphasizes quality through ISO certifications and sustainability via solar energy initiatives. Raw materials are sourced locally to reduce costs, with distribution through dealers in the region.

Who are the top competitors of VMS TMT?

VMS TMT's top competitors include SeAH, Rathi Steel And Power and RATHI.

What products or services does VMS TMT offer?

VMS TMT offers TMT Bars and Pipes.

Is VMS TMT publicly traded?

Yes, VMS TMT is publicly traded on NSE under the ticker symbol VMSTMT.

Which legal entities are associated with VMS TMT?

VMS TMT operates through Vms Tmt Limited.

Who are the directors of VMS TMT?

The legal entities of VMS TMT currently have 8 directors, including Rishabh Sunil Singhi, Manojkumar Jain, Varun Manojkumar Jain and others.