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VMS TMT Limited

VMS TMT Limited, incorporated in 2013, is engaged in the manufacturing of Thermo Mechanically Treated (TMT) Bars and also deals in scrap and binding wires, supplying products within Gujarat and other states. Its manufacturing facility is located in Bhayla Village, near Bavla in Ahmedabad district, offering easy access for distribution. As of July 31, 2025, the company operates through 3 distributors and 227 dealers on a non-exclusive basis, ensuring strong product reach. On November 7, 2022, it signed a retail license agreement with Kamdhenu Limited, allowing it to market TMT Bars under the brand name ‘Kamdhenu NXT’ within Gujarat. The company has a workforce of 230 permanent employees supported by an experienced management team. Its revenue is largely concentrated in Gujarat, contributing 98.78% in Fiscal 2024, 98.43% in Fiscal 2023, and 99.19% in Fiscal 2022, with a focus on Tier II and Tier III cities.

₹94 - ₹99102.27x sub
Listed Price105.00
Listing Gain+6.06%
Peer Comparison-Financial performance and valuation from the IPO detail feed
Financial Performance

VMS TMT Limited

NAV/Share (₹)13.32
RONW(%)20.14
EPS (Basic) (₹)4.29

Kamdhenu Limited

NAV/Share (₹)11.66
RONW(%)18.82
EPS (Basic) (₹)2.18

Vraj Iron and steel limited

NAV/Share (₹)116.53
RONW(%)10.88
EPS (Basic) (₹)13.55

BMW Industries Limited

NAV/Share (₹)30.84
RONW(%)9.16
EPS (Basic) (₹)2.83

Electrotherm (India) Limited

NAV/Share (₹)-89.01
RONW(%)-377.85
EPS (Basic) (₹)336.42
Valuation

VMS TMT Limited

P/E(X)NA
CMP* (₹)NA
Face value (₹)10.00

Kamdhenu Limited

P/E(X)13.5
CMP* (₹)29.43
Face value (₹)10.00

Vraj Iron and steel limited

P/E(X)11.77
CMP* (₹)159.45
Face value (₹)10.00

BMW Industries Limited

P/E(X)16.57
CMP* (₹)46.88
Face value (₹)1.00

Electrotherm (India) Limited

P/E(X)2.37
CMP* (₹)797.35
Face value (₹)10.00