VMS TMT Ltd

Symbol: VMSTMT

VMS TMT Ltd, based in Bhayla Village near Bavla, Ahmedabad, Gujarat, is a steel manufacturing firm specializing in Thermo Mechanically Treated (TMT) bars. Incorporated in 2013, the company operates a manufacturing facility producing high strength, seismic-resistant steel bars predominantly for the construction sector.
The business model is mainly focused on the Gujarat market, leveraging a distribution network of distributors & dealers. In addition to TMT bars, VMS TMT generates revenue from allied products including billets, binding wires, scrap and by-products. The company also has a licensing agreement to sell under the well-known “Kamdhenu” brand within certain districts of Gujarat.
Key strengths include capacity for backward integration via its recently setup CCM (Continuous Casting & Moulding) plant, experienced promoter team, and demand tailwinds in India’s construction and infrastructure sectors. Risks include dependency on raw materials and volatility in steel input costs, concentration in one region, and contractual/licensing obligations.