Share Price and Basic Stock Data
Last Updated: January 20, 2026, 10:20 pm
| PEG Ratio | -10.39 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Vardhman Special Steels Ltd operates in the steel industry, focusing on producing special steel products. The company reported sales of ₹1,735 Cr for the fiscal year ending March 2023, reflecting a substantial increase from ₹1,368 Cr in the previous fiscal year. However, sales are projected to decline slightly to ₹1,661 Cr for FY 2024 before recovering to ₹1,764 Cr in FY 2025. Quarterly sales have shown variability, with the most recent quarter (September 2024) reporting ₹495 Cr, indicating an upward trend compared to ₹415 Cr in September 2023. The company’s operational strategy appears to be effective, as it has managed to maintain a revenue stream despite fluctuations in the market, which is crucial given the cyclical nature of the steel industry. The operating profit margin (OPM) stood at 8% for FY 2025, consistent with the sector average, indicating stable profitability amidst competitive pressures.
Profitability and Efficiency Metrics
Vardhman Special Steels Ltd demonstrated a net profit of ₹100 Cr for FY 2023, showing resilience in profitability despite challenging market conditions. The company’s net profit margin for FY 2025 is reported at 5.27%, slightly lower than the previous year’s 5.51%, which aligns with the pressures faced by many in the steel sector. The return on equity (ROE) stood at 12.1%, which is relatively strong compared to industry averages, reflecting effective management of shareholder funds. The interest coverage ratio (ICR) is notably high at 9.51x, indicating robust ability to meet interest obligations. The cash conversion cycle (CCC) was reported at 120 days, which is on the higher side compared to the typical range for the industry, suggesting potential inefficiencies in working capital management. Overall, while Vardhman shows solid profitability, its efficiency metrics warrant attention to optimize operations further.
Balance Sheet Strength and Financial Ratios
The balance sheet of Vardhman Special Steels Ltd reflects a stable financial position with total assets reported at ₹1,136 Cr for FY 2025, up from ₹1,040 Cr in FY 2024. The company’s borrowings decreased to ₹77 Cr as of September 2025, a significant reduction from ₹120 Cr in March 2025, indicating improved debt management. The current ratio stood at 2.11x, well above the industry benchmark of 1.5x, showcasing strong liquidity. The company’s reserves have grown to ₹1,112 Cr, providing a solid cushion for future investments or downturns. The price-to-book value (P/BV) ratio of 2.04x indicates that the market values the company’s equity at a premium, reflecting investor confidence. However, the total debt to equity ratio of 0.15x, while low, highlights limited leverage that could restrain growth potential. This balance sheet strength positions Vardhman well for future challenges and opportunities.
Shareholding Pattern and Investor Confidence
Vardhman Special Steels Ltd has a diverse shareholding structure, with promoters holding 51.13% as of September 2025, a notable decline from earlier periods. Foreign institutional investors (FIIs) hold a minimal 0.54%, while domestic institutional investors (DIIs) represent 3.63% of the ownership. The public holds a significant 44.70%, indicating a broad base of retail investor interest. The number of shareholders increased to 36,443, suggesting growing public interest and confidence in the company’s performance. However, the declining promoter stake might raise concerns about long-term commitment, and the low FII participation could indicate hesitance in the international investment community. Despite these factors, the company’s consistent performance and financial metrics suggest that it remains an attractive option for investors looking for stable returns in the steel sector.
Outlook, Risks, and Final Insight
Vardhman Special Steels Ltd faces a mixed outlook due to both strengths and challenges. The company’s robust financial metrics, including a high interest coverage ratio and strong liquidity, position it well for future growth. However, risks include the fluctuations in raw material prices and potential downturns in demand within the steel sector, which could impact profitability. Additionally, the high cash conversion cycle indicates a need for operational improvements to enhance efficiency. The company’s ability to adapt to changing market conditions and optimize its working capital will be crucial in maintaining its competitive edge. As Vardhman navigates these challenges, its focus on improving operational efficiencies and maintaining strong financial health will be key to sustaining investor confidence and achieving long-term growth. The overall sentiment remains cautiously optimistic, with the potential for recovery and growth if the company addresses its efficiency metrics effectively.
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 | 71.5 Cr. | 1.81 | 6.24/1.64 | 7.80 | 0.00 % | 24.7 % | % | 1.00 | |
| Aeroflex Industries Ltd | 2,180 Cr. | 169 | 272/145 | 46.2 | 27.8 | 0.18 % | 22.2 % | 16.5 % | 2.00 |
| Vardhman Special Steels Ltd | 2,583 Cr. | 267 | 324/178 | 24.0 | 125 | 1.13 % | 16.5 % | 12.1 % | 10.0 |
| Hisar Metal Industries Ltd | 84.7 Cr. | 157 | 233/148 | 34.3 | 119 | 0.64 % | 9.37 % | 5.06 % | 10.0 |
| Industry Average | 2,381.50 Cr | 148.70 | 34.83 | 69.90 | 0.49% | 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: 24 (Industry average Stock P/E: 34.83)
- 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 21 January 2026) is ₹286.89 which is 7.45% higher the current market price of ₹267.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹2,583 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 2,583 Cr..
What is the current Stock Price of Vardhman Special Steels Ltd as on 21 January 2026?
The current stock price of Vardhman Special Steels Ltd as on 21 January 2026 is ₹267.
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 24.0.
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 1.13 %.
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.