Share Price and Basic Stock Data
Last Updated: December 31, 2025, 8:40 pm
| PEG Ratio | -12.47 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Vardhman Special Steels Ltd operates within the steel industry, showcasing a robust performance trajectory. For the fiscal year ending March 2023, the company reported sales of ₹1,735 Cr, up from ₹1,368 Cr in the previous year, reflecting a significant growth rate of 26.8%. In the trailing twelve months (TTM), sales stood at ₹1,721 Cr, indicating sustained revenue generation. The quarterly sales figures show fluctuations, with a peak of ₹495 Cr recorded in September 2024, while the latest quarter, September 2023, reported sales of ₹415 Cr. This indicates a consistent demand for its products, although the company faced a slight decline in the December quarter of 2023 with sales of ₹397 Cr. The overall sales trend demonstrates the company’s ability to adapt to market conditions, with a strong focus on operational efficiency and customer satisfaction.
Profitability and Efficiency Metrics
Vardhman Special Steels Ltd has demonstrated notable profitability metrics, with a net profit of ₹96 Cr for the fiscal year ending March 2023, compared to ₹100 Cr the previous year. This slight decline in net profit corresponds with an operating profit margin (OPM) of 10% for the latest fiscal year, which aligns with the company’s operational strategy. The company’s return on equity (ROE) stood at 12.1%, while the return on capital employed (ROCE) was recorded at 16.5%, indicating effective utilization of capital resources. The interest coverage ratio (ICR) of 9.51x showcases the company’s strong ability to meet interest obligations, reflecting sound financial health. However, the cash conversion cycle (CCC) remained at 120 days, which may indicate inefficiencies in inventory management and receivables collection compared to industry standards.
Balance Sheet Strength and Financial Ratios
The balance sheet of Vardhman Special Steels Ltd appears healthy, with total assets reported at ₹1,136 Cr as of March 2025. The company maintains a conservative borrowing profile, with total borrowings at ₹120 Cr, resulting in a low debt-to-equity ratio of 0.15. This low leverage supports financial stability and reduces risk exposure. Reserves have significantly increased to ₹716 Cr, enhancing the company’s net worth. The price-to-book value (P/BV) ratio stood at 2.04x, suggesting that the market values the company’s assets favorably relative to its equity. Additionally, the current ratio of 2.11 indicates that the company has sufficient liquidity to cover its short-term obligations. However, the slight decline in return on net worth to 11.66% raises questions about the efficiency of equity utilization compared to previous years.
Shareholding Pattern and Investor Confidence
The shareholding structure of Vardhman Special Steels Ltd reflects a stable promoter holding of 51.13%, down from 60.81% in December 2022. This reduction suggests a gradual dilution of control, which may impact investor confidence. Foreign institutional investors (FIIs) hold a marginal stake of 0.54%, indicating limited foreign interest, while domestic institutional investors (DIIs) have increased their stake to 3.63%. Public shareholdings rose to 44.70%, reflecting a growing interest among retail investors. The total number of shareholders increased to 36,443, demonstrating enhanced market participation and confidence in the company’s prospects. However, the declining promoter stake might raise concerns regarding long-term commitment to company governance and strategy.
Outlook, Risks, and Final Insight
The outlook for Vardhman Special Steels Ltd appears cautiously optimistic, given its solid revenue growth and profitability metrics. However, the company faces challenges, including potential inventory management issues reflected in the extended cash conversion cycle. Additionally, fluctuations in global steel prices and raw material costs could impact margins and profitability. The declining promoter stake may raise concerns among investors about the company’s governance and future direction. Addressing these risks while leveraging its strong balance sheet and operational efficiencies will be crucial for sustaining growth. In a scenario where the company effectively optimizes its inventory and enhances operational efficiencies, it could see further revenue growth and improved profitability. Conversely, failure to manage these risks could lead to volatility in performance and investor sentiment.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Alliance Integrated Metaliks Ltd | 66.4 Cr. | 1.68 | 9.71/1.65 | 7.80 | 0.00 % | 24.7 % | % | 1.00 | |
| Aeroflex Industries Ltd | 2,498 Cr. | 193 | 272/145 | 52.9 | 27.8 | 0.16 % | 22.2 % | 16.5 % | 2.00 |
| Vardhman Special Steels Ltd | 2,752 Cr. | 284 | 324/178 | 28.8 | 125 | 1.06 % | 16.5 % | 12.1 % | 10.0 |
| Hisar Metal Industries Ltd | 87.2 Cr. | 162 | 233/150 | 35.3 | 119 | 0.62 % | 9.37 % | 5.06 % | 10.0 |
| Industry Average | 2,625.00 Cr | 160.17 | 39.00 | 69.90 | 0.46% | 18.19% | 11.22% | 5.75 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 443 | 401 | 422 | 409 | 415 | 397 | 439 | 415 | 495 | 427 | 428 | 434 | 432 |
| Expenses | 408 | 364 | 398 | 380 | 384 | 364 | 391 | 372 | 456 | 392 | 397 | 402 | 387 |
| Operating Profit | 35 | 36 | 24 | 29 | 31 | 33 | 49 | 42 | 39 | 35 | 31 | 32 | 45 |
| OPM % | 8% | 9% | 6% | 7% | 8% | 8% | 11% | 10% | 8% | 8% | 7% | 7% | 10% |
| Other Income | 14 | 13 | 5 | 7 | 6 | 8 | 9 | 6 | 9 | 7 | 7 | 8 | 11 |
| Interest | 4 | 5 | 5 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 3 | 4 | 2 |
| Depreciation | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 8 | 8 | 8 | 8 | 9 | 8 |
| Profit before tax | 38 | 38 | 18 | 25 | 25 | 29 | 44 | 35 | 35 | 28 | 27 | 27 | 46 |
| Tax % | 25% | 25% | 24% | 26% | 26% | 25% | 25% | 26% | 26% | 25% | 27% | 26% | 26% |
| Net Profit | 28 | 28 | 14 | 19 | 18 | 22 | 33 | 26 | 26 | 21 | 20 | 20 | 35 |
| EPS in Rs | 3.45 | 3.51 | 1.68 | 2.29 | 2.27 | 2.68 | 4.03 | 3.20 | 3.17 | 2.63 | 2.41 | 2.43 | 3.58 |
Last Updated: December 28, 2025, 3:02 pm
Below is a detailed analysis of the quarterly data for Vardhman Special Steels Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 432.00 Cr.. The value appears to be declining and may need further review. It has decreased from 434.00 Cr. (Jun 2025) to 432.00 Cr., marking a decrease of 2.00 Cr..
- For Expenses, as of Sep 2025, the value is 387.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 402.00 Cr. (Jun 2025) to 387.00 Cr., marking a decrease of 15.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 45.00 Cr.. The value appears strong and on an upward trend. It has increased from 32.00 Cr. (Jun 2025) to 45.00 Cr., marking an increase of 13.00 Cr..
- For OPM %, as of Sep 2025, the value is 10.00%. The value appears strong and on an upward trend. It has increased from 7.00% (Jun 2025) to 10.00%, marking an increase of 3.00%.
- For Other Income, as of Sep 2025, the value is 11.00 Cr.. The value appears strong and on an upward trend. It has increased from 8.00 Cr. (Jun 2025) to 11.00 Cr., marking an increase of 3.00 Cr..
- For Interest, as of Sep 2025, the value is 2.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.00 Cr. (Jun 2025) to 2.00 Cr., marking a decrease of 2.00 Cr..
- For Depreciation, as of Sep 2025, the value is 8.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 9.00 Cr. (Jun 2025) to 8.00 Cr., marking a decrease of 1.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 46.00 Cr.. The value appears strong and on an upward trend. It has increased from 27.00 Cr. (Jun 2025) to 46.00 Cr., marking an increase of 19.00 Cr..
- For Tax %, as of Sep 2025, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 26.00%.
- For Net Profit, as of Sep 2025, the value is 35.00 Cr.. The value appears strong and on an upward trend. It has increased from 20.00 Cr. (Jun 2025) to 35.00 Cr., marking an increase of 15.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 3.58. The value appears strong and on an upward trend. It has increased from 2.43 (Jun 2025) to 3.58, marking an increase of 1.15.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 4:26 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 367 | 658 | 653 | 674 | 859 | 1,121 | 846 | 937 | 1,368 | 1,735 | 1,661 | 1,764 | 1,721 |
| Expenses | 572 | 646 | 610 | 612 | 797 | 1,053 | 806 | 834 | 1,195 | 1,594 | 1,519 | 1,616 | 1,577 |
| Operating Profit | -205 | 12 | 43 | 62 | 62 | 68 | 40 | 104 | 174 | 141 | 142 | 148 | 144 |
| OPM % | -56% | 2% | 7% | 9% | 7% | 6% | 5% | 11% | 13% | 8% | 9% | 8% | 8% |
| Other Income | 209 | 7 | 1 | 4 | 6 | 2 | 9 | 13 | 29 | 39 | 30 | 29 | 33 |
| Interest | 12 | 20 | 23 | 28 | 21 | 24 | 26 | 20 | 17 | 18 | 18 | 19 | 14 |
| Depreciation | 6 | 14 | 17 | 18 | 22 | 24 | 26 | 30 | 27 | 28 | 31 | 33 | 34 |
| Profit before tax | -13 | -15 | 4 | 19 | 25 | 22 | -2 | 66 | 158 | 134 | 123 | 125 | 129 |
| Tax % | -28% | 0% | 0% | 0% | 0% | -0% | -244% | 33% | 36% | 25% | 25% | 26% | |
| Net Profit | -9 | -15 | 4 | 19 | 25 | 22 | 3 | 44 | 101 | 100 | 92 | 93 | 96 |
| EPS in Rs | -1.52 | -2.45 | 0.68 | 3.10 | 3.51 | 3.11 | 0.41 | 5.46 | 12.42 | 12.36 | 11.25 | 11.39 | 11.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 14% | 14% | 8% | 18% | 26% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -66.67% | 126.67% | 375.00% | 31.58% | -12.00% | -86.36% | 1366.67% | 129.55% | -0.99% | -8.00% | 1.09% |
| Change in YoY Net Profit Growth (%) | 0.00% | 193.33% | 248.33% | -343.42% | -43.58% | -74.36% | 1453.03% | -1237.12% | -130.54% | -7.01% | 9.09% |
Vardhman Special Steels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 16% |
| 3 Years: | 9% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 116% |
| 3 Years: | -3% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 50% |
| 3 Years: | 31% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 12% |
Last Updated: September 5, 2025, 1:50 pm
Balance Sheet
Last Updated: December 4, 2025, 2:11 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 36 | 36 | 40 | 41 | 41 | 41 | 81 | 82 | 96 |
| Reserves | 167 | 151 | 161 | 180 | 304 | 326 | 373 | 419 | 514 | 602 | 638 | 716 | 1,112 |
| Borrowings | 295 | 350 | 338 | 316 | 228 | 334 | 266 | 191 | 162 | 144 | 84 | 120 | 77 |
| Other Liabilities | 83 | 94 | 97 | 99 | 109 | 194 | 90 | 153 | 204 | 244 | 237 | 218 | 274 |
| Total Liabilities | 564 | 615 | 614 | 613 | 677 | 889 | 770 | 803 | 921 | 1,031 | 1,040 | 1,136 | 1,559 |
| Fixed Assets | 210 | 230 | 251 | 265 | 250 | 280 | 310 | 283 | 289 | 294 | 325 | 309 | 472 |
| CWIP | 30 | 21 | 2 | 1 | 7 | 33 | 12 | 13 | 13 | 12 | 1 | 117 | 57 |
| Investments | 32 | 14 | 14 | 1 | 8 | 0 | 5 | 0 | 15 | 20 | 0 | 18 | 26 |
| Other Assets | 292 | 350 | 347 | 346 | 412 | 577 | 443 | 507 | 603 | 705 | 714 | 693 | 1,004 |
| Total Assets | 564 | 615 | 614 | 613 | 677 | 889 | 770 | 803 | 921 | 1,031 | 1,040 | 1,136 | 1,559 |
Below is a detailed analysis of the balance sheet data for Vardhman Special Steels Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 96.00 Cr.. The value appears strong and on an upward trend. It has increased from 82.00 Cr. (Mar 2025) to 96.00 Cr., marking an increase of 14.00 Cr..
- For Reserves, as of Sep 2025, the value is 1,112.00 Cr.. The value appears strong and on an upward trend. It has increased from 716.00 Cr. (Mar 2025) to 1,112.00 Cr., marking an increase of 396.00 Cr..
- For Borrowings, as of Sep 2025, the value is 77.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 120.00 Cr. (Mar 2025) to 77.00 Cr., marking a decrease of 43.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 274.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 218.00 Cr. (Mar 2025) to 274.00 Cr., marking an increase of 56.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 1,559.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,136.00 Cr. (Mar 2025) to 1,559.00 Cr., marking an increase of 423.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 472.00 Cr.. The value appears strong and on an upward trend. It has increased from 309.00 Cr. (Mar 2025) to 472.00 Cr., marking an increase of 163.00 Cr..
- For CWIP, as of Sep 2025, the value is 57.00 Cr.. The value appears to be declining and may need further review. It has decreased from 117.00 Cr. (Mar 2025) to 57.00 Cr., marking a decrease of 60.00 Cr..
- For Investments, as of Sep 2025, the value is 26.00 Cr.. The value appears strong and on an upward trend. It has increased from 18.00 Cr. (Mar 2025) to 26.00 Cr., marking an increase of 8.00 Cr..
- For Other Assets, as of Sep 2025, the value is 1,004.00 Cr.. The value appears strong and on an upward trend. It has increased from 693.00 Cr. (Mar 2025) to 1,004.00 Cr., marking an increase of 311.00 Cr..
- For Total Assets, as of Sep 2025, the value is 1,559.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,136.00 Cr. (Mar 2025) to 1,559.00 Cr., marking an increase of 423.00 Cr..
Notably, the Reserves (1,112.00 Cr.) exceed the Borrowings (77.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -500.00 | -338.00 | -295.00 | -254.00 | -166.00 | -266.00 | -226.00 | -87.00 | 12.00 | -3.00 | 58.00 | 28.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 122 | 99 | 109 | 102 | 83 | 61 | 78 | 87 | 59 | 55 | 58 | 54 |
| Inventory Days | 116 | 119 | 110 | 122 | 123 | 170 | 103 | 134 | 139 | 119 | 129 | 113 |
| Days Payable | 41 | 46 | 42 | 36 | 47 | 89 | 42 | 90 | 68 | 61 | 63 | 47 |
| Cash Conversion Cycle | 197 | 172 | 176 | 188 | 159 | 142 | 139 | 131 | 131 | 113 | 123 | 120 |
| Working Capital Days | -7 | -5 | 14 | 17 | 58 | 50 | 47 | 78 | 81 | 73 | 84 | 68 |
| ROCE % | -3% | -0% | 5% | 9% | 8% | 7% | 3% | 13% | 26% | 20% | 18% | 17% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Tata Small Cap Fund | 2,378,601 | 0.59 | 67.31 | 1,965,275 | 2025-10-30 04:18:52 | 21.03% |
| ICICI Prudential Smallcap Fund | 778,797 | 0.26 | 22.04 | 800,000 | 2025-12-15 01:45:48 | -2.65% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 |
|---|---|---|
| FaceValue | 10.00 | 10.00 |
| Basic EPS (Rs.) | 11.40 | 11.24 |
| Diluted EPS (Rs.) | 11.37 | 11.18 |
| Cash EPS (Rs.) | 15.48 | 15.05 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 97.62 | 88.31 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 97.62 | 88.31 |
| Revenue From Operations / Share (Rs.) | 215.87 | 203.95 |
| PBDIT / Share (Rs.) | 21.68 | 21.15 |
| PBIT / Share (Rs.) | 17.58 | 17.34 |
| PBT / Share (Rs.) | 15.30 | 15.08 |
| Net Profit / Share (Rs.) | 11.39 | 11.25 |
| NP After MI And SOA / Share (Rs.) | 11.39 | 11.25 |
| PBDIT Margin (%) | 10.04 | 10.36 |
| PBIT Margin (%) | 8.14 | 8.50 |
| PBT Margin (%) | 7.08 | 7.39 |
| Net Profit Margin (%) | 5.27 | 5.51 |
| NP After MI And SOA Margin (%) | 5.27 | 5.51 |
| Return on Networth / Equity (%) | 11.66 | 12.73 |
| Return on Capital Employeed (%) | 17.46 | 18.67 |
| Return On Assets (%) | 8.19 | 8.81 |
| Long Term Debt / Equity (X) | 0.00 | 0.01 |
| Total Debt / Equity (X) | 0.15 | 0.11 |
| Asset Turnover Ratio (%) | 1.62 | 0.00 |
| Current Ratio (X) | 2.11 | 2.38 |
| Quick Ratio (X) | 1.04 | 1.12 |
| Inventory Turnover Ratio (X) | 5.11 | 0.00 |
| Dividend Payout Ratio (NP) (%) | 17.50 | 17.73 |
| Dividend Payout Ratio (CP) (%) | 12.87 | 13.25 |
| Earning Retention Ratio (%) | 82.50 | 82.27 |
| Cash Earning Retention Ratio (%) | 87.13 | 86.75 |
| Interest Coverage Ratio (X) | 9.51 | 9.35 |
| Interest Coverage Ratio (Post Tax) (X) | 6.00 | 5.97 |
| Enterprise Value (Cr.) | 1734.09 | 1802.94 |
| EV / Net Operating Revenue (X) | 0.98 | 1.09 |
| EV / EBITDA (X) | 9.79 | 10.47 |
| MarketCap / Net Operating Revenue (X) | 0.92 | 1.04 |
| Retention Ratios (%) | 82.49 | 82.26 |
| Price / BV (X) | 2.04 | 2.40 |
| Price / Net Operating Revenue (X) | 0.92 | 1.04 |
| EarningsYield | 0.05 | 0.05 |
After reviewing the key financial ratios for Vardhman Special Steels Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 11.40. This value is within the healthy range. It has increased from 11.24 (Mar 24) to 11.40, marking an increase of 0.16.
- For Diluted EPS (Rs.), as of Mar 25, the value is 11.37. This value is within the healthy range. It has increased from 11.18 (Mar 24) to 11.37, marking an increase of 0.19.
- For Cash EPS (Rs.), as of Mar 25, the value is 15.48. This value is within the healthy range. It has increased from 15.05 (Mar 24) to 15.48, marking an increase of 0.43.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 97.62. It has increased from 88.31 (Mar 24) to 97.62, marking an increase of 9.31.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 97.62. It has increased from 88.31 (Mar 24) to 97.62, marking an increase of 9.31.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 215.87. It has increased from 203.95 (Mar 24) to 215.87, marking an increase of 11.92.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 21.68. This value is within the healthy range. It has increased from 21.15 (Mar 24) to 21.68, marking an increase of 0.53.
- For PBIT / Share (Rs.), as of Mar 25, the value is 17.58. This value is within the healthy range. It has increased from 17.34 (Mar 24) to 17.58, marking an increase of 0.24.
- For PBT / Share (Rs.), as of Mar 25, the value is 15.30. This value is within the healthy range. It has increased from 15.08 (Mar 24) to 15.30, marking an increase of 0.22.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 11.39. This value is within the healthy range. It has increased from 11.25 (Mar 24) to 11.39, marking an increase of 0.14.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 11.39. This value is within the healthy range. It has increased from 11.25 (Mar 24) to 11.39, marking an increase of 0.14.
- For PBDIT Margin (%), as of Mar 25, the value is 10.04. This value is within the healthy range. It has decreased from 10.36 (Mar 24) to 10.04, marking a decrease of 0.32.
- For PBIT Margin (%), as of Mar 25, the value is 8.14. This value is below the healthy minimum of 10. It has decreased from 8.50 (Mar 24) to 8.14, marking a decrease of 0.36.
- For PBT Margin (%), as of Mar 25, the value is 7.08. This value is below the healthy minimum of 10. It has decreased from 7.39 (Mar 24) to 7.08, marking a decrease of 0.31.
- For Net Profit Margin (%), as of Mar 25, the value is 5.27. This value is within the healthy range. It has decreased from 5.51 (Mar 24) to 5.27, marking a decrease of 0.24.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 5.27. This value is below the healthy minimum of 8. It has decreased from 5.51 (Mar 24) to 5.27, marking a decrease of 0.24.
- For Return on Networth / Equity (%), as of Mar 25, the value is 11.66. This value is below the healthy minimum of 15. It has decreased from 12.73 (Mar 24) to 11.66, marking a decrease of 1.07.
- For Return on Capital Employeed (%), as of Mar 25, the value is 17.46. This value is within the healthy range. It has decreased from 18.67 (Mar 24) to 17.46, marking a decrease of 1.21.
- For Return On Assets (%), as of Mar 25, the value is 8.19. This value is within the healthy range. It has decreased from 8.81 (Mar 24) to 8.19, marking a decrease of 0.62.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.01 (Mar 24) to 0.00, marking a decrease of 0.01.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.15. This value is within the healthy range. It has increased from 0.11 (Mar 24) to 0.15, marking an increase of 0.04.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.62. It has increased from 0.00 (Mar 24) to 1.62, marking an increase of 1.62.
- For Current Ratio (X), as of Mar 25, the value is 2.11. This value is within the healthy range. It has decreased from 2.38 (Mar 24) to 2.11, marking a decrease of 0.27.
- For Quick Ratio (X), as of Mar 25, the value is 1.04. This value is within the healthy range. It has decreased from 1.12 (Mar 24) to 1.04, marking a decrease of 0.08.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.11. This value is within the healthy range. It has increased from 0.00 (Mar 24) to 5.11, marking an increase of 5.11.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 17.50. This value is below the healthy minimum of 20. It has decreased from 17.73 (Mar 24) to 17.50, marking a decrease of 0.23.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 12.87. This value is below the healthy minimum of 20. It has decreased from 13.25 (Mar 24) to 12.87, marking a decrease of 0.38.
- For Earning Retention Ratio (%), as of Mar 25, the value is 82.50. This value exceeds the healthy maximum of 70. It has increased from 82.27 (Mar 24) to 82.50, marking an increase of 0.23.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 87.13. This value exceeds the healthy maximum of 70. It has increased from 86.75 (Mar 24) to 87.13, marking an increase of 0.38.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 9.51. This value is within the healthy range. It has increased from 9.35 (Mar 24) to 9.51, marking an increase of 0.16.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 6.00. This value is within the healthy range. It has increased from 5.97 (Mar 24) to 6.00, marking an increase of 0.03.
- For Enterprise Value (Cr.), as of Mar 25, the value is 1,734.09. It has decreased from 1,802.94 (Mar 24) to 1,734.09, marking a decrease of 68.85.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.98. This value is below the healthy minimum of 1. It has decreased from 1.09 (Mar 24) to 0.98, marking a decrease of 0.11.
- For EV / EBITDA (X), as of Mar 25, the value is 9.79. This value is within the healthy range. It has decreased from 10.47 (Mar 24) to 9.79, marking a decrease of 0.68.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.92. This value is below the healthy minimum of 1. It has decreased from 1.04 (Mar 24) to 0.92, marking a decrease of 0.12.
- For Retention Ratios (%), as of Mar 25, the value is 82.49. This value exceeds the healthy maximum of 70. It has increased from 82.26 (Mar 24) to 82.49, marking an increase of 0.23.
- For Price / BV (X), as of Mar 25, the value is 2.04. This value is within the healthy range. It has decreased from 2.40 (Mar 24) to 2.04, marking a decrease of 0.36.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.92. This value is below the healthy minimum of 1. It has decreased from 1.04 (Mar 24) to 0.92, marking a decrease of 0.12.
- For EarningsYield, as of Mar 25, the value is 0.05. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.05.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Vardhman Special Steels Ltd:
- Net Profit Margin: 5.27%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 17.46% (Industry Average ROCE: 18.19%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 11.66% (Industry Average ROE: 11.22%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 6
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.04
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 28.8 (Industry average Stock P/E: 39)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.15
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 5.27%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Steel - General | Vardhman Premises, Chandigarh Road, Ludhiana Punjab 141010 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Rajeev Gupta | Chairman |
| Mr. Sachit Jain | Vice Chairman & Mng.Director |
| Mr. Rajendar Kumar Rewari | Executive Director |
| Ms. Soumya Jain | Executive Director |
| Mr. Rajinder Kumar Jain | Non Executive Director |
| Mr. Toshio Ito | Non Executive Director |
| Mrs. Suchita Jain | Non Executive Director |
| Mrs. Vidya Shah | Independent Director |
| Mr. Rakesh Jain | Independent Director |
| Mr. Sanjoy Bhattacharyya | Independent Director |
| Mr. Suman Chatterjee | Independent Director |
| Mr. Hemant Bharat Ram | Independent Director |
| Mr. Randhir Singh Kalsi | Independent Director |
| Mr. Koichiro Hayashida | Addnl.Non Executive Director |
FAQ
What is the intrinsic value of Vardhman Special Steels Ltd?
Vardhman Special Steels Ltd's intrinsic value (as of 31 December 2025) is ₹352.17 which is 24.00% higher the current market price of ₹284.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹2,752 Cr. market cap, FY2025-2026 high/low of ₹324/178, reserves of ₹1,112 Cr, and liabilities of ₹1,559 Cr.
What is the Market Cap of Vardhman Special Steels Ltd?
The Market Cap of Vardhman Special Steels Ltd is 2,752 Cr..
What is the current Stock Price of Vardhman Special Steels Ltd as on 31 December 2025?
The current stock price of Vardhman Special Steels Ltd as on 31 December 2025 is ₹284.
What is the High / Low of Vardhman Special Steels Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Vardhman Special Steels Ltd stocks is ₹324/178.
What is the Stock P/E of Vardhman Special Steels Ltd?
The Stock P/E of Vardhman Special Steels Ltd is 28.8.
What is the Book Value of Vardhman Special Steels Ltd?
The Book Value of Vardhman Special Steels Ltd is 125.
What is the Dividend Yield of Vardhman Special Steels Ltd?
The Dividend Yield of Vardhman Special Steels Ltd is 1.06 %.
What is the ROCE of Vardhman Special Steels Ltd?
The ROCE of Vardhman Special Steels Ltd is 16.5 %.
What is the ROE of Vardhman Special Steels Ltd?
The ROE of Vardhman Special Steels Ltd is 12.1 %.
What is the Face Value of Vardhman Special Steels Ltd?
The Face Value of Vardhman Special Steels Ltd is 10.0.