VMS TMT Limited - metals and minerals in Bavla, Gujarat, India. FY 2026 financials & compliance.
CIN L27204GJ2013PLC074403 Incorporated 09 April 2013 ROC Ahmedabad HQ Bavla, Gujarat, India
Active Listed - NSE: VMSTMT · BSE: 544521 Public Limited Company metals and minerals
Data last updated
Market Cap
₹216 Cr
VMSTMT · NSE
Share Price
₹42.80
-1.65% 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

About VMS TMT Limited

Data last updated:

VMS TMT Limited is a public limited company based in Bavla, Gujarat, India, a subsidiary of Vms Industries Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 09 April 2013 and has been in existence for over 13 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L27204GJ2013PLC074403. Its GSTIN is 24AAECV3903E1ZP (Gujarat). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544521 and NSE: VMSTMT.

The company has an authorised share capital of ₹51 Cr and a paid-up capital of ₹49.63 Cr. It is led by directors including Varun Manojkumar Jain (Managing Director) and Rishabh Sunil Singhi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bavla, Gujarat.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹838.56 Cr, a growth of 8.9% compared to the previous year. For the same year it recorded a net profit of ₹21.03 Cr (net margin 2.5%) and EBITDA of ₹64.5 Cr (EBITDA margin 7.7%). The net worth stands at ₹228.13 Cr (up 211.7% YoY). Total assets are valued at ₹459.65 Cr (up 31.5% YoY).

The company has about 15 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Vms Tmt and VMS Industries. As per MCA filings, the company has open charges of ₹296.01 Cr and satisfied charges of ₹120.91 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 18 deals on record (7 secondary share transfers, 4 market trades, 3 funding rounds), with disclosed funding of ₹10.75 Cr; the latest was in March 2026. Its 9 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 4 smaller; the largest is Nezone Tubes (TN) Limited with revenue of ₹893.64 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vmsil.in.

Company details

CIN L27204GJ2013PLC074403
Registration Number 074403
Incorporation Date 09 April 2013
ROC Ahmedabad
Listing Status Listed - Listed on NSE (VMSTMT); Listed on BSE (544521)
Company Status Active
Date of Last AGM 15 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Vms Industries Limited
Compliance Status Active Compliant

CIN history

VMS TMT has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27204GJ2013PLC074403, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L27204GJ2013PLC074403Current
U27204GJ2013PLC074403Previous
U27204GJ2013PTC074403Previous

Contact details

VMS TMT Limited's registered office is in Bavla, Gujarat.

  • Registered Address
    Survey No. 214, Near Water Tank, Bavla, Gujarat, India – 382220
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing
Comprehensive company report
VMS TMT Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

VMS TMT operates two associated brands: VMS TMT and VMS Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Manufactures high-strength TMT Bars and supplies to builders and retailers in India.vmstmt.com
Waste recycling services are provided by VMS Industries in India.vmsil.in

Business activity

The main business activity of VMS TMT is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of VMS TMT Limited, buy the company report.

Financials of VMS TMT Limited

FY 2025-26 filings available

VMS TMT Limited reported revenue of ₹838.56 Cr (up 8.9% YoY) for FY 2025-26.

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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue839770873882494225175
Revenue growth+8.9%-11.8%-1.0%+78.7%+119.4%+28.8%-
EBITDA64.5046.4241.4921.9916.032.832.99
EBITDA margin+7.7%+6.0%+4.8%+2.5%+3.3%+1.3%+1.7%
Profit before tax27.1719.4019.305.528.991.010.77
Net profit21.0314.7513.474.176.860.750.57
Net profit margin+2.5%+1.9%+1.5%+0.5%+1.4%+0.3%+0.3%
EPS (₹)4.244.2610.103.336.950.760.91
Balance sheet
Total assets46035024519413674.4224.61
Net worth22873.1946.5230.8418.7011.817.47
Total debt23127619816311862.6117.13
Cash & bank9.9011.018.092.200.010.010.08
Net working capital24717610810266.3619.5419.43
Cash flow
Cash from operations(10.01)(23.48)37.34(11.30)(30.95)3.952.45
Cash from investing(46.99)(54.61)(50.02)(27.01)(18.45)(49.49)0.05
Cash from financing57.1670.8918.5640.5149.4045.47(2.49)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Revenue248241202183212215
Revenue growth (YoY)+16.7%+12.1%----
Other income0.120.240.380.141.130.85
Total expenses236229185171193203
EBITDA12.0711.7017.1512.0919.4811.87
EBITDA margin+4.9%+4.9%+8.5%+6.6%+9.2%+5.5%
Depreciation2.552.492.562.502.432.37
Interest3.966.265.306.906.715.50
Profit before tax5.683.199.672.8311.474.85
Tax1.210.901.640.702.911.23

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Revenue248241202183212215
Revenue growth (YoY)+16.7%+12.1%----
Other income0.120.240.380.141.130.85
Total expenses236229185171193203
EBITDA12.0711.7017.1512.0919.4811.87
EBITDA margin+4.9%+4.9%+8.5%+6.6%+9.2%+5.5%
Depreciation2.552.492.562.502.432.37
Interest3.966.265.306.906.715.50
Profit before tax5.683.199.672.8311.474.85
Tax1.210.901.640.702.911.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue839770873882494225175
Revenue growth+8.9%-11.8%-1.0%+78.7%+119.4%+28.8%-
Other income1.641.220.210.040.020.000.05
Total expenses774724831860478222172
Employee cost19.3113.2210.059.194.940.030.08
EBITDA64.5046.4241.4921.9916.032.832.99
EBITDA margin+7.7%+6.0%+4.8%+2.5%+3.3%+1.3%+1.7%
Depreciation9.986.813.933.581.440.130.13
Interest28.9921.4318.4712.935.621.692.14
Profit before tax27.1719.4019.305.528.991.010.77
Tax6.144.665.831.352.130.260.20
Net profit21.0314.7513.474.176.860.750.57
Net profit margin+2.5%+1.9%+1.5%+0.5%+1.4%+0.3%+0.3%
EPS (₹)4.244.2610.103.336.950.760.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital49.6334.6313.3412.619.909.906.33
Reserves & surplus17838.5633.1818.238.801.911.14
Shareholders' funds (net worth)22873.1946.5230.8418.7011.817.47
Secured loans20920514010473.7636.6110.88
Unsecured loans21.7071.2058.6058.6143.8726.006.25
Total debt23127619816311862.6117.13
Total liabilities46035024519413674.4224.61
Assets
Gross block20419183.2381.2973.145.515.49
Net block17817473.7675.7571.184.995.10
Capital work in progress43.030.0651.683.610.0049.470.00
Investments0.000.000.000.000.000.000.00
Inventories22815210910643.431.040.00
Sundry debtors34.4924.9915.739.0331.8017.3521.58
Cash & bank balances9.9011.018.092.200.010.010.08
Loans & advances24.5943.448.7914.7110.245.890.17
Total current assets29723114213285.4824.2921.83
Total current liabilities50.3355.7633.9829.8919.124.752.40
Net working capital24717610810266.3619.5419.43
Total assets46035024519413674.4224.61
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.898.092.200.010.010.080.08
Net cash from operating activities(10.01)(23.48)37.34(11.30)(30.95)3.952.45
Net cash from investing activities(46.99)(54.61)(50.02)(27.01)(18.45)(49.49)0.05
Net cash from financing activities57.1670.8918.5640.5149.4045.47(2.49)
Net change in cash0.16(7.20)5.882.190.00(0.07)0.00
Closing cash9.9011.018.092.200.010.010.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity1.683.964.675.675.914.142.29
Long-term debt / equity0.601.922.573.333.151.310.00
Interest cover53.1754.1049.1770.2338.5262.5974.83
Efficiency & per share
Fixed asset turnover4.255.6210.6111.4212.5540.9231.82
Inventory turnover4.415.898.1111.8222.20432.770.00
Debtors turnover28.2037.8370.5143.2020.0911.568.09
EPS (₹)4.244.2610.103.336.950.760.91
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)45.9721.1334.8724.4618.8911.9311.81

To see the full year-wise statements and ratios of VMS TMT Limited, buy the company report.

Board of directors of VMS TMT Limited

VMS TMT has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rishabh Sunil SinghiWhole-Time Director09 Oct 20215 Years 0 MonthsCurrent
Manojkumar JainDirector25 May 201412 Years 4 MonthsCurrent
Varun Manojkumar JainManaging Director01 Apr 20224 Years 6 MonthsCurrent
Vivek Dinesh NathwaniDirector03 May 20242 Years 5 MonthsCurrent
Jasmin Jaykumar DoshiDirector03 May 20242 Years 5 MonthsCurrent
Vaishaliben Sanjaybhai JainAdditional Director29 Apr 20260 Years 5 MonthsCurrent

Peer comparison

VMS TMT Limited is compared with the 9 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Nezone Tubes (TN) Limited₹893.64 Cr (FY 2025)2.0%Kolkata, West Bengal, India
Eloquent Steel Private Limited₹888.7 Cr (FY 2025)96.0%Kolkata, West Bengal, India
Jai Raj Ispat Ltd₹876.74 Cr (FY 2025)0.0%Kolkata, West Bengal, India
Maan Steel & Power Limited₹876.13 Cr (FY 2025)0.0%Kolkata, West Bengal, India
Pulkit Metals Private Limited₹875.52 Cr (FY 2025)-3.0%Chennai, Tamil Nadu, India
Tulsyan Nec Limited₹871.78 Cr (FY 2025)-12.0%Chennai, Tamil Nadu, India
Zamil Steel Buildings India Private Limited₹869.18 Cr (FY 2025)14.0%Pune, Maharashtra, India
Wada Ingots Private Limited₹862.13 Cr (FY 2025)48.0%Thane, Maharashtra, India
Renny Strips Limited₹860.88 Cr (FY 2025)-3.0%Ludhiana, Punjab, India
VMS TMT Limitedthis company₹838.56 Cr (FY 2026)₹21.03 Cr2.5%8.9%Bavla, Gujarat, India

To see the full peer comparison of VMS TMT Limited, buy the company report.

Charges & borrowings

Open charges
₹296.01 Cr
Satisfied charges
₹120.91 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹208.31 Cr
Axis Bank Limited₹87.70 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Jul 2026101328830Hdfc Bank Limited₹11.68 CrOpen
27 May 2026101299227Hdfc Bank Limited₹5.34 LakhOpen
13 Nov 2024101001474Hdfc Bank Limited₹10.78 LakhOpen
01 Aug 2024100958789Axis Bank Limited₹87.7 CrOpen
26 Jun 2024100941424Hdfc Bank Limited₹50 LakhOpen

To see the full charge records of VMS TMT Limited, buy the company report.

Total charge records: 16 View all charges

Deals & funding

VMS TMT Limited has 18 deals on record (7 secondary share transfers, 4 market trades, 3 funding rounds), with disclosed funding of ₹10.75 Cr; the latest was in March 2026.

Total deals
18
Secondary share transfers
7
Market trades
4
Funding rounds
3
Rights issues
3
Disclosed funding
₹10.75 Cr

Deals on record (5 of 18)

WhenDealAmountParties
Mar 2026Market trade₹1.29 CrBuyer: Varvee Global Limited
Seller: Varvee Global Limited
Oct 2025Market trade₹1.98 CrBuyer: Mansi Share and Stock Broking Private Limited
Seller: Mansi Share and Stock Broking Private Limited
Sep 2025Market trade₹2.44 CrSeller: Somani Stock Broking Pvt.Ltd.
Sep 2025Market trade₹6.24 CrBuyer: Somani Stock Broking Pvt.Ltd. , Mansi Share and Stock Broking Private Limited
Seller: Mansi Share and Stock Broking Private Limited
Mar 2023Secondary share transferUndisclosedBuyer: an individual
Seller: VMS Industries Limited

To see the full deal history of VMS TMT Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

VMS TMT Limited was last rated by Care on 07 Oct 2020.

Rating agencyRated onRating
Care07 Oct 2020

To see the full credit ratings and regulatory alerts of VMS TMT Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for VMS TMT Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

VMS TMT has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
24AAECV3903E1ZPGujaratActive01 Jul 2017
24AAECV3903E2ZOGujaratActive01 May 2023
24AAECV3903E1DYGujaratActive07 Nov 2024

To see the full GST registrations and return filing status of VMS TMT Limited, buy the company report.

Recent activity

VMS TMT Limited has 18 board changes on record since 2014: 7 appointments and 11 cessations. The latest: Vaishaliben Sanjaybhai Jain was appointed as Additional Director on 29 Apr 2026.

Charges
A charge with Axis Bank Limited of Rs. 87.70 Cr registered on 01 Aug 2024 with Charge ID 100958789 was modified on 09 Sep 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 11.68 Cr registered on 03 Jul 2026 with Charge ID 101328830 was modified on 04 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 11.68 Cr with Charge ID 101328830 was registered on 03 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.05 Cr with Charge ID 101299227 was registered on 27 May 2026.
Appointed
Vaishaliben Sanjaybhai Jain was appointed as Additional Director.
Filing
Vms Tmt Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 195.60 Cr registered on 30 Aug 2019 with Charge ID 100285100 was modified on 26 Feb 2026.
Charges
A charge registered on 30 Nov 2021 via Charge ID 100509425 with Others was fully satisfied on 04 Feb 2026.
Charges
A charge registered on 23 Oct 2020 via Charge ID 100384271 with Hdfc Bank Limited was fully satisfied on 19 Jan 2026.
Charges
A charge registered on 29 Nov 2022 via Charge ID 100655961 with Others was fully satisfied on 11 Dec 2025.
AGM
Vms Tmt Limited last Annual general meeting of members was held on 15 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 30.00 Cr registered on 29 Nov 2022 with Charge ID 100655961 was modified on 03 Mar 2025.

40 earlier events are in the company report.

Frequently asked questions

VMS TMT is an active public limited company based in Bavla, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 09 April 2013 (13+ years old) and is registered under CIN L27204GJ2013PLC074403. Listed on BSE: 544521 and NSE: VMSTMT.

VMS TMT reported revenue of ₹838.56 Cr for FY 2025-26 (up 8.9% YoY) based on standalone financials.

VMS TMT has 6 current directors:

The latest financial statements of VMS TMT on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of VMS TMT is 24AAECV3903E1ZP, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAECV3903E2ZO (Gujarat), 24AAECV3903E1DY (Gujarat).

The CIN (Corporate Identification Number) of VMS TMT is L27204GJ2013PLC074403. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. VMS TMT is a listed company as per MCA records. Its shares are listed on both BSE (code: 544521) and NSE (symbol: VMSTMT).

VMS TMT has 2 court cases on record: 2 filed against it. 2 are pending.

VMS TMT was incorporated on 09 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.

VMS TMT has 18 deals on record (7 secondary share transfers, 4 market trades, 3 funding rounds), with disclosed funding of ₹10.75 Cr; the latest was in March 2026.

The peers of VMS TMT by revenue are Nezone Tubes (TN) Limited, Eloquent Steel Private Limited, Jai Raj Ispat Ltd, Maan Steel & Power Limited, Pulkit Metals Private Limited and 4 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).