Share Price and Basic Stock Data
Last Updated: October 29, 2025, 10:30 pm
| PEG Ratio | -9.81 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Vardhman Special Steels Ltd operates in the steel sector, focusing on the production of specialty steel products. The company reported sales of ₹1,735 Cr for the fiscal year ending March 2023, reflecting a growth trajectory from ₹1,368 Cr in March 2022. However, the sales figures for March 2024 showed a slight decline to ₹1,661 Cr, followed by a recovery to ₹1,764 Cr in March 2025. Quarterly sales demonstrate variability, with a high of ₹495 Cr in September 2024 and a low of ₹397 Cr in December 2024. The company’s operational performance is supported by a diverse product portfolio, allowing it to cater to various industrial needs. Vardhman’s focus on quality and customer satisfaction is likely a key driver of its sales stability and growth, even amidst fluctuating market conditions.
Profitability and Efficiency Metrics
The profitability of Vardhman Special Steels is evident from its net profit, which stood at ₹100 Cr in March 2023, slightly declining to ₹92 Cr in March 2024 before recovering to ₹93 Cr in March 2025. The operating profit margin (OPM) has fluctuated, recording a high of 13% in March 2022 and stabilizing at 8% for March 2025. The return on equity (ROE) is reported at 12.1%, while return on capital employed (ROCE) stood at 17.46%, indicating effective utilization of capital. The interest coverage ratio (ICR) of 9.51x suggests that the company is well-positioned to meet its financial obligations. However, the cash conversion cycle (CCC) is at 120 days, which is relatively high, indicating potential inefficiencies in inventory management and receivables collection compared to industry averages.
Balance Sheet Strength and Financial Ratios
Vardhman Special Steels has a robust balance sheet characterized by total borrowings of ₹120 Cr against total reserves of ₹716 Cr, highlighting a conservative debt profile with a debt-to-equity ratio of 0.15x. The company’s current ratio is reported at 2.11x, suggesting ample liquidity to cover short-term liabilities, while the quick ratio of 1.04x indicates a sound position even when excluding inventory. The price-to-book value (P/BV) ratio stood at 2.04x, reflecting a valuation slightly above the book value, which indicates market confidence in future growth. Furthermore, the enterprise value (EV) is estimated at ₹1,734.09 Cr, aligning well with its operational revenue, indicating a balanced valuation relative to its earnings potential.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Vardhman Special Steels shows a significant promoter stake of 51.13% as of July 2025, indicating strong management control. Institutional investors, including foreign institutional investors (FIIs) and domestic institutional investors (DIIs), hold a combined 4.03% of the shares, with FIIs at 0.49% and DIIs at 3.54%. The public holds 44.85% of the shares, suggesting a diversified ownership structure. The number of shareholders has decreased slightly to 35,856, reflecting potential consolidation among investors. This ownership structure may enhance investor confidence, as a stable promoter holding often signals commitment to long-term growth. However, the declining FII participation could raise concerns regarding broader market sentiment towards the stock.
Outlook, Risks, and Final Insight
The outlook for Vardhman Special Steels appears cautiously optimistic, driven by its operational stability and financial metrics. The company faces risks including potential volatility in raw material prices and market demand fluctuations, which could impact profitability. Furthermore, the high cash conversion cycle may hinder operational efficiency, necessitating improvements in inventory and receivables management. While the company has demonstrated resilience with a solid balance sheet and profitability metrics, external economic factors and sector-specific challenges could pose risks to its growth trajectory. Overall, Vardhman Special Steels has the potential for sustained performance, contingent on effective management of operational efficiencies and market dynamics.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Vardhman Special Steels Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Alliance Integrated Metaliks Ltd | 74.6 Cr. | 1.89 | 14.5/1.72 | 6.67 | 0.00 % | 24.7 % | % | 1.00 | |
| Aeroflex Industries Ltd | 2,399 Cr. | 185 | 272/145 | 50.8 | 27.8 | 0.16 % | 22.2 % | 16.5 % | 2.00 |
| Vardhman Special Steels Ltd | 2,859 Cr. | 296 | 324/178 | 29.9 | 125 | 1.01 % | 16.5 % | 12.1 % | 10.0 |
| Hisar Metal Industries Ltd | 99.6 Cr. | 184 | 247/160 | 36.3 | 116 | 0.54 % | 9.37 % | 5.06 % | 10.0 |
| Industry Average | 2,629.00 Cr | 166.72 | 39.00 | 68.87 | 0.43% | 18.19% | 11.22% | 5.75 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 469 | 443 | 401 | 422 | 409 | 415 | 397 | 439 | 415 | 495 | 427 | 428 | 434 |
| Expenses | 423 | 408 | 364 | 398 | 380 | 384 | 364 | 391 | 372 | 456 | 392 | 397 | 402 |
| Operating Profit | 46 | 35 | 36 | 24 | 29 | 31 | 33 | 49 | 42 | 39 | 35 | 31 | 32 |
| OPM % | 10% | 8% | 9% | 6% | 7% | 8% | 8% | 11% | 10% | 8% | 8% | 7% | 7% |
| Other Income | 6 | 14 | 13 | 5 | 7 | 6 | 8 | 9 | 6 | 9 | 7 | 7 | 8 |
| Interest | 4 | 4 | 5 | 5 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 3 | 4 |
| Depreciation | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 8 | 8 | 8 | 8 | 9 |
| Profit before tax | 41 | 38 | 38 | 18 | 25 | 25 | 29 | 44 | 35 | 35 | 28 | 27 | 27 |
| Tax % | 25% | 25% | 25% | 24% | 26% | 26% | 25% | 25% | 26% | 26% | 25% | 27% | 26% |
| Net Profit | 30 | 28 | 28 | 14 | 19 | 18 | 22 | 33 | 26 | 26 | 21 | 20 | 20 |
| EPS in Rs | 3.74 | 3.45 | 3.51 | 1.68 | 2.29 | 2.27 | 2.68 | 4.03 | 3.20 | 3.17 | 2.63 | 2.41 | 2.43 |
Last Updated: August 1, 2025, 9:35 am
Below is a detailed analysis of the quarterly data for Vardhman Special Steels Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 434.00 Cr.. The value appears strong and on an upward trend. It has increased from 428.00 Cr. (Mar 2025) to 434.00 Cr., marking an increase of 6.00 Cr..
- For Expenses, as of Jun 2025, the value is 402.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 397.00 Cr. (Mar 2025) to 402.00 Cr., marking an increase of 5.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 32.00 Cr.. The value appears strong and on an upward trend. It has increased from 31.00 Cr. (Mar 2025) to 32.00 Cr., marking an increase of 1.00 Cr..
- For OPM %, as of Jun 2025, the value is 7.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 7.00%.
- For Other Income, as of Jun 2025, the value is 8.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Mar 2025) to 8.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Jun 2025, the value is 4.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3.00 Cr. (Mar 2025) to 4.00 Cr., marking an increase of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 9.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8.00 Cr. (Mar 2025) to 9.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 27.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 27.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Mar 2025) to 26.00%, marking a decrease of 1.00%.
- For Net Profit, as of Jun 2025, the value is 20.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 20.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 2.43. The value appears strong and on an upward trend. It has increased from 2.41 (Mar 2025) to 2.43, marking an increase of 0.02.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:11 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 | 1,783 |
| Expenses | 572 | 646 | 610 | 612 | 797 | 1,053 | 806 | 834 | 1,195 | 1,594 | 1,519 | 1,616 | 1,646 |
| Operating Profit | -205 | 12 | 43 | 62 | 62 | 68 | 40 | 104 | 174 | 141 | 142 | 148 | 138 |
| 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 | 31 |
| Interest | 12 | 20 | 23 | 28 | 21 | 24 | 26 | 20 | 17 | 18 | 18 | 19 | 17 |
| 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 | 117 |
| 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 | 87 |
| 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 | 10.64 |
| 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: July 25, 2025, 2:07 pm
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 36 | 36 | 40 | 41 | 41 | 41 | 81 | 82 |
| Reserves | 167 | 151 | 161 | 180 | 304 | 326 | 373 | 419 | 514 | 602 | 638 | 716 |
| Borrowings | 295 | 350 | 338 | 316 | 228 | 334 | 266 | 191 | 162 | 144 | 84 | 120 |
| Other Liabilities | 83 | 94 | 97 | 99 | 109 | 194 | 90 | 153 | 204 | 244 | 237 | 218 |
| Total Liabilities | 564 | 615 | 614 | 613 | 677 | 889 | 770 | 803 | 921 | 1,031 | 1,040 | 1,136 |
| Fixed Assets | 210 | 230 | 251 | 265 | 250 | 280 | 310 | 283 | 289 | 294 | 325 | 309 |
| CWIP | 30 | 21 | 2 | 1 | 7 | 33 | 12 | 13 | 13 | 12 | 1 | 117 |
| Investments | 32 | 14 | 14 | 1 | 8 | 0 | 5 | 0 | 15 | 20 | 0 | 18 |
| Other Assets | 292 | 350 | 347 | 346 | 412 | 577 | 443 | 507 | 603 | 705 | 714 | 693 |
| Total Assets | 564 | 615 | 614 | 613 | 677 | 889 | 770 | 803 | 921 | 1,031 | 1,040 | 1,136 |
Below is a detailed analysis of the balance sheet data for Vardhman Special Steels Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 82.00 Cr.. The value appears strong and on an upward trend. It has increased from 81.00 Cr. (Mar 2024) to 82.00 Cr., marking an increase of 1.00 Cr..
- For Reserves, as of Mar 2025, the value is 716.00 Cr.. The value appears strong and on an upward trend. It has increased from 638.00 Cr. (Mar 2024) to 716.00 Cr., marking an increase of 78.00 Cr..
- For Borrowings, as of Mar 2025, the value is 120.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 84.00 Cr. (Mar 2024) to 120.00 Cr., marking an increase of 36.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 218.00 Cr.. The value appears to be improving (decreasing). It has decreased from 237.00 Cr. (Mar 2024) to 218.00 Cr., marking a decrease of 19.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 1,136.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,040.00 Cr. (Mar 2024) to 1,136.00 Cr., marking an increase of 96.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 309.00 Cr.. The value appears to be declining and may need further review. It has decreased from 325.00 Cr. (Mar 2024) to 309.00 Cr., marking a decrease of 16.00 Cr..
- For CWIP, as of Mar 2025, the value is 117.00 Cr.. The value appears strong and on an upward trend. It has increased from 1.00 Cr. (Mar 2024) to 117.00 Cr., marking an increase of 116.00 Cr..
- For Investments, as of Mar 2025, the value is 18.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Mar 2024) to 18.00 Cr., marking an increase of 18.00 Cr..
- For Other Assets, as of Mar 2025, the value is 693.00 Cr.. The value appears to be declining and may need further review. It has decreased from 714.00 Cr. (Mar 2024) to 693.00 Cr., marking a decrease of 21.00 Cr..
- For Total Assets, as of Mar 2025, the value is 1,136.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,040.00 Cr. (Mar 2024) to 1,136.00 Cr., marking an increase of 96.00 Cr..
Notably, the Reserves (716.00 Cr.) exceed the Borrowings (120.00 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 - No data available for this post.
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 | 1,965,275 | 0.69 | 42.39 | 1,965,275 | 2025-04-22 17:25:16 | 0% |
Key Financial Ratios
| Month | Mar 25 |
|---|---|
| FaceValue | 10.00 |
| Basic EPS (Rs.) | 11.40 |
| Diluted EPS (Rs.) | 11.37 |
| Cash EPS (Rs.) | 15.48 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 97.62 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 97.62 |
| Revenue From Operations / Share (Rs.) | 215.87 |
| PBDIT / Share (Rs.) | 21.68 |
| PBIT / Share (Rs.) | 17.58 |
| PBT / Share (Rs.) | 15.30 |
| Net Profit / Share (Rs.) | 11.39 |
| NP After MI And SOA / Share (Rs.) | 11.39 |
| PBDIT Margin (%) | 10.04 |
| PBIT Margin (%) | 8.14 |
| PBT Margin (%) | 7.08 |
| Net Profit Margin (%) | 5.27 |
| NP After MI And SOA Margin (%) | 5.27 |
| Return on Networth / Equity (%) | 11.66 |
| Return on Capital Employeed (%) | 17.46 |
| Return On Assets (%) | 8.19 |
| Total Debt / Equity (X) | 0.15 |
| Current Ratio (X) | 2.11 |
| Quick Ratio (X) | 1.04 |
| Interest Coverage Ratio (X) | 9.51 |
| Interest Coverage Ratio (Post Tax) (X) | 6.00 |
| Enterprise Value (Cr.) | 1734.09 |
| EV / Net Operating Revenue (X) | 0.98 |
| EV / EBITDA (X) | 9.79 |
| MarketCap / Net Operating Revenue (X) | 0.92 |
| Price / BV (X) | 2.04 |
| Price / Net Operating Revenue (X) | 0.92 |
| EarningsYield | 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. No previous period data is available for comparison.
- For Basic EPS (Rs.), as of Mar 25, the value is 11.40. This value is within the healthy range. No previous period data is available for comparison.
- For Diluted EPS (Rs.), as of Mar 25, the value is 11.37. This value is within the healthy range. No previous period data is available for comparison.
- For Cash EPS (Rs.), as of Mar 25, the value is 15.48. This value is within the healthy range. No previous period data is available for comparison.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 97.62. No previous period data is available for comparison.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 97.62. No previous period data is available for comparison.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 215.87. No previous period data is available for comparison.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 21.68. This value is within the healthy range. No previous period data is available for comparison.
- For PBIT / Share (Rs.), as of Mar 25, the value is 17.58. This value is within the healthy range. No previous period data is available for comparison.
- For PBT / Share (Rs.), as of Mar 25, the value is 15.30. This value is within the healthy range. No previous period data is available for comparison.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 11.39. This value is within the healthy range. No previous period data is available for comparison.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 11.39. This value is within the healthy range. No previous period data is available for comparison.
- For PBDIT Margin (%), as of Mar 25, the value is 10.04. This value is within the healthy range. No previous period data is available for comparison.
- For PBIT Margin (%), as of Mar 25, the value is 8.14. This value is below the healthy minimum of 10. No previous period data is available for comparison.
- For PBT Margin (%), as of Mar 25, the value is 7.08. This value is below the healthy minimum of 10. No previous period data is available for comparison.
- For Net Profit Margin (%), as of Mar 25, the value is 5.27. This value is within the healthy range. No previous period data is available for comparison.
- 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. No previous period data is available for comparison.
- For Return on Networth / Equity (%), as of Mar 25, the value is 11.66. This value is below the healthy minimum of 15. No previous period data is available for comparison.
- For Return on Capital Employeed (%), as of Mar 25, the value is 17.46. This value is within the healthy range. No previous period data is available for comparison.
- For Return On Assets (%), as of Mar 25, the value is 8.19. This value is within the healthy range. No previous period data is available for comparison.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.15. This value is within the healthy range. No previous period data is available for comparison.
- For Current Ratio (X), as of Mar 25, the value is 2.11. This value is within the healthy range. No previous period data is available for comparison.
- For Quick Ratio (X), as of Mar 25, the value is 1.04. This value is within the healthy range. No previous period data is available for comparison.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 9.51. This value is within the healthy range. No previous period data is available for comparison.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 6.00. This value is within the healthy range. No previous period data is available for comparison.
- For Enterprise Value (Cr.), as of Mar 25, the value is 1,734.09. No previous period data is available for comparison.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.98. This value is below the healthy minimum of 1. No previous period data is available for comparison.
- For EV / EBITDA (X), as of Mar 25, the value is 9.79. This value is within the healthy range. No previous period data is available for comparison.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.92. This value is below the healthy minimum of 1. No previous period data is available for comparison.
- For Price / BV (X), as of Mar 25, the value is 2.04. This value is within the healthy range. No previous period data is available for comparison.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.92. This value is below the healthy minimum of 1. No previous period data is available for comparison.
- For EarningsYield, as of Mar 25, the value is 0.05. This value is below the healthy minimum of 5. No previous period data is available for comparison.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
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: 29.9 (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 | secretarial.lud@vardhman.com http://www.vardhmansteel.com |
| 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 29 October 2025) is 365.44 which is 23.46% higher the current market price of 296.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 2,859 Cr. market cap, FY2025-2026 high/low of 324/178, reserves of ₹716 Cr, and liabilities of 1,136 Cr.
What is the Market Cap of Vardhman Special Steels Ltd?
The Market Cap of Vardhman Special Steels Ltd is 2,859 Cr..
What is the current Stock Price of Vardhman Special Steels Ltd as on 29 October 2025?
The current stock price of Vardhman Special Steels Ltd as on 29 October 2025 is 296.
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 29.9.
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 1.01 %.
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.