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VARDHMAN SPC STEEL

VARDHMAN SPC STEEL Latest Share Price (VSSL)

TechnicalsTV Chart
410.80
6.10+1.51%
Overall Score60/100
Day range402
₹410.80
417
52-week206
₹410.80
428
Above low+99.0%
Below high4.1%
Range position92%
Open404.70
Prev Close404.70
Bid410.78100
Ask410.83100

TODAY IN ONE LINE

VSSL rose 1.5% on above-average volume (2.6x avg), outperforming Nifty's 0.3% move.

With a market cap of ₹3,973.78 Cr., it trades at a P/E of 201.47. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume147.0K75%vs 20D avg
Price Band20
Lower Band324.85
Upper Band487.25
Tick Size0.05
Daily Volatility2.42%
Annualised Vol46.23%
Market Cap₹3,973.78 Cr.
Promoter51.06%
Face Value₹8
Fwd P/E12.55
PEG10.06
EV/EBITDA13.95
P/S1.49
ROA7.94%
Beta0.96
Div Payout22.85%
THE STOCK SCORE
Overall Score60/100
Updated 07 Sept

How good is this company?

Overall performance across 5 key dimensions.

Each card tappable → shows formula + inputs
FLAGS & NEWS

VARDHMAN SPC STEEL flags & news 

Key strengths, potential risks, and recent updates.

5 green flags🚩 2 red flags

Green Flags

  • Earnings GrowthEPS (TTM) grew by a solid 45.8% YoY
  • High Promoter HoldingPromoters hold 51.1% skin-in-the-game
  • Virtually Debt-FreeVery low Debt-to-Equity of 0.07x
  • Positive Free Cash FlowFCF has been positive for 3 consecutive years
  • Zero Pledge RiskNo recent active promoter pledging found

Red Flags

  • Sales ContractionQuarterly sales dropped 72.3% YoY
  • Poor Capital ReturnsLow ROE of 9.6%

Latest VARDHMAN SPC STEEL News

THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

18 SEPT 2026
corporate
Shareholders meeting - Vardhman Special Steels Limited has informed the Exchange regarding voting results of Annual Genera...
View PDF
18 SEPT 2026
corporate
Shareholders meeting - Vardhman Special Steels Limited has submitted the Exchange a copy Scrutinizers report of Annual Gen...
View PDF
18 SEPT 2026
corporate
Shareholders meeting - Vardhman Special Steels Limited has informed the Exchange regarding Proceedings of Annual General Me...
View PDF
🔒Prime: full history + alerts on this stock
Valuation

VARDHMAN SPC STEEL valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for VARDHMAN SPC STEEL, framed against the sector median so the premium or discount is obvious at a glance.

VARDHMAN SPC STEEL trades at a P/E of 201.47× and P/B of 4.98×.

Key MetricsMarket + reported · 21 Sept 2026Consolidated

Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.

Valuation

Valuation

Market Cap
₹3,973.78 Cr.
P/E Ratio
201.47
P/B Ratio
4.98
EPS
₹4.26
Profitability

Profitability

ROE
9.55%
ROCE
9.53%
Net Margin
6.96%
Op Margin
10.03%
Growth

Growth

EPS YoY
45.8%
Revenue YoY
7%
Qtr Sales
-72.3%
Qtr Profit
-66.25%
Financial Health

Financial Health

Debt / Equity
0.07
Book Value
₹82.53
Div Yield
0.86%
Promoter Holding
51.06%
Technicals

VARDHMAN SPC STEEL technical analysis: indicators, pivots and CPR.

Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for VARDHMAN SPC STEEL — derived from the latest tape, not yesterday's close.

VARDHMAN SPC STEEL last traded at ₹410.8 with an intraday range of ₹402–₹417.05 — latest indicator, pivot and CPR signals below.

Last updated: 21 September 2026, 4:08 pm IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Last: ₹410.80
LevelPrice (₹)Distance% Δ
R4448.00+37.20+9.06%
R3432.95+22.15+5.39%
R2425.00+14.20+3.46%
R1417.90+7.10+1.73%
PIVOT409.95-0.85-0.21%
CURRENT410.80
S1402.85-7.95-1.94%
S2394.90-15.90-3.87%
S3387.80-23.00-5.60%
S4372.75-38.05-9.26%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 409.52P: 409.95TC: 410.38
R1
R2
R3
R4
indicator
LTP: 410.80
PDH: 411.00
PDL: 397.95
● Market Sentiment

VSSL is trading Above CPR, indicating Bullishness

● CPR Width

CPR is Average

● Opening Range

Day's range: 402408.6

● Price Position

Trading Inside opening range

Financials

VARDHMAN SPC STEEL financials: P&L, balance sheet, cash flow, ratios.

Reported annual and quarterly results for VARDHMAN SPC STEEL — consolidated or standalone — with margins, YoY growth and key ratios inline.

VARDHMAN SPC STEEL reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹3,973.78 Cr. and reported EPS of ₹4.26.

iTap any row for a plain-English meaningChange vs a year ago — green means the move is healthy for that line, red means it isn’tDerivedCalculated by us, not reported directly
Mobile view
Latest vs previous year
MetricMar 2025Mar 2026
Revenue from Operations1,764
1,764
0.0%
Sales Growth YoY %Derived
Other Income29
29
0.0%
Total Income1,794
1,794
0.0%
1,083
1,083
0.0%
Gross ProfitDerived681
681
0.0%
Gross Margin %Derived38.62%
38.62%
533
533
0.0%
EBITDA (Operating Profit)Derived148
148
0.0%
OPM %Derived8.39%
8.39%
52
52
0.0%
Profit Before Tax (PBT)125
125
0.0%
32
32
0.0%
Effective Tax %Derived25.57%
25.57%
Total Profit for Period93
93
0.0%
Net Profit (Owner's PAT)Derived93
93
0.0%
Net Profit Margin %Derived5.28%
5.28%
PAT Growth YoY %Derived
Earnings Per Share (EPS ₹)11.39
9.63
15.5%
Diluted Shares Outstanding (Cr)8
10
18.3%
Other Comprehensive Income (Net of Tax)-0
-0
0.0%
Total Expenses (incl. D&A & Interest)1,668
1,668
0.0%
Material Cost % of RevenueDerived61.99%
61.99%
Employee Cost % of RevenueDerived5.86%
5.86%
Other Cost % of RevenueDerived24.37%
24.37%
Interest Coverage (x)Derived6.15x
6.15x
all values in ₹ Cr unless marked % / x / ₹ · fiscal-period end shown · reported figures via Stockezee financials API · annual results may be audited; quarterly results may be unaudited or limited-review
Segment Analysis

VARDHMAN SPC STEEL segment analysis : revenue and profit mix.

Disclosed business segments at VARDHMAN SPC STEEL with their share of revenue and profit, switchable between consolidated and standalone reporting.

VARDHMAN SPC STEEL discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for VARDHMAN SPC STEEL.

Our AI distills the core fundamental drivers supporting VARDHMAN SPC STEEL, the risks that threaten it, and the quantitative conditions that could weaken the thesis.

VARDHMAN SPC STEEL's investment case rests on 0 positive markers and 1 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

No strengths or opportunities on record.

bear case

Key Risks.

  • SWOT generation temporarily unavailable due to model error. The security token included in the request is invalid.

flip conditions

Flip Conditions.

  • Valuation risk. a P/E above 262 would leave less room for earnings disappointment.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Return-quality risk. ROE below 8% would indicate weaker capital compounding.

  • Income thesis breaks if the dividend is cut or yield falls below 0.43%.

Shareholding

VARDHMAN SPC STEEL shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in VARDHMAN SPC STEEL — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

AnnualJun 2026

Promoters51.06%
FII0.55%
DII3.27%0.07%
Public45.12%0.07%

Ownership Distribution

Promoters
51.06%
Foreign Institutions
0.55%
Domestic Institutions
3.27%
Retail & Public
45.12%

Category Trends

Foreign Institutions Breakdown
Total Holding: 0.55%
Net Change: +0.00%
Category Total0.55%
Total Holding0.55%
Net Change+0.00%
Aggregate Data
Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod

Foreign Institutions: 0.55%

Individual institutional breakdown is not disclosed by the company, but aggregate holding data is shown above.

💡 This category has 0.55% total holding without detailed institution-wise disclosure
Peers

VARDHMAN SPC STEEL peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — VARDHMAN SPC STEEL is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
WELSPUN CORP
₹72,939.43 Cr
Best Profit Growth
MANAKSIA
391.05 %
Highest Dividend Yield
SURYA ROSHNI
2.37 %

Peer Comparison

Company Name
09 · Chart Patterns

VARDHMAN SPC STEEL chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for VARDHMAN SPC STEEL — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery Conviction

VARDHMAN SPC STEEL delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for VARDHMAN SPC STEEL over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in VARDHMAN SPC STEEL stood at 54.8% of traded volume, against a 20-day average of 45.6%.

Avg Delivery (20D)45.6%+9.2 ppt latest vs avg
Highest Delivery60.3%on 01 Sept
Avg Volume (20D)5.90 L20-day run-rate
Conviction Trend↓ Weakening+9.2 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

VARDHMAN SPC STEEL announcements: results, concalls, ratings, M&A.

Filings VARDHMAN SPC STEEL sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

VARDHMAN SPC STEEL files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 187 documents below.

  1. 18 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    Vardhman Special Steels Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 18, 2026.

  2. 18 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    Vardhman Special Steels Limited has submitted the Exchange a copy Scrutinizers report of Annual General Meeting held on September 18, 2026.

  3. 18 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    Vardhman Special Steels Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 18, 2026.

  4. 09 Sept 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Vardhman Special Steels Limited has informed the Exchange about Outcome of Analysts/ Investors Meet

  5. 09 Sept 2026UpdatesView PDF

    Updates

    Vardhman Special Steels Limited has informed the Exchange regarding 'Demat Report for the month ended August, 2026'.

Corporate Actions

VARDHMAN SPC STEEL dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue VARDHMAN SPC STEEL has declared, sequenced by announce and record date.

VARDHMAN SPC STEEL corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About VARDHMAN SPC STEEL: business, sector, key facts.

What VARDHMAN SPC STEEL does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

VARDHMAN SPC STEEL operates in the Iron & Steel Products industry under the Capital Goods sector, listed as NSE: VSSL, BSE: 534392.

VSSL
Capital Goods

VARDHMAN SPC STEEL

NSE · VSSL·BSE · 534392·www.vardhmansteel.com

Vardhman Special Steels Limited (VSSL) is a prominent Indian manufacturer and exporter of specialized steel products. Their core business revolves around the production and sale of a diverse range of steel billets, bars, and bright bars. These steel products are categorized as special and alloy steels, signifying their superior properties compared to standard steels. This specialization allows VSSL to cater to a demanding clientele requiring high-performance materials.

VSSL's manufacturing processes are geared towards supplying high-quality steel to a wide array of industries. Their client base is notably diverse, spanning several key sectors within India and globally. A significant portion of their sales are directed towards the automotive industry, encompassing passenger vehicles, two-wheelers, commercial vehicles, and tractors. Beyond automobiles, they also supply steel to the railway industry, a sector with stringent quality and durability requirements.

Furthermore, VSSL caters to various engineering industries and manufacturers of bearings and related components. These industries rely heavily on the precision and strength offered by VSSL's specialized steels in their production processes. The company’s ability to serve such diverse sectors underscores their manufacturing capabilities and their comprehensive understanding of the specific needs of each industry segment.

Established in 1973 and headquartered in Ludhiana, India, VSSL boasts decades of experience in the steel industry. This longevity indicates not only their consistent performance and market presence but also their ability to adapt to changing industry demands and technological advancements. Their continued success demonstrates a robust operational strategy and a strong commitment to quality, positioning them as a significant player within the Indian and international steel market.

company facts
Employees
SectorCapital Goods
HeadquartersLudhiana, India
Market Cap₹3,973.78 Cr.
Listed OnNSE
leadership26 on record
Amit Chopra
VP and Head of New Project Planning & PPC
Davinder Singh
VP & Head of Domestic Marketing
Dr. Rakesh Jain
Additional Independent Director
Mr. Arghya Ghoshal
VP & Head of Production Department
Mr. Dinkar Gupta
Independent Director
Mr. Hemant Ram
Independent Director
Mr. Jagdish Chand Sharma
General Manager of Works
Mr. Koichiro Hayashida
Additional Non-Executive Director
Mr. Manuj Mehta
Senior VP & Head of HR
Mr. Nishant Arya
Independent Director
Mr. Rajendar Kumar Rewari B.Sc., LLB, MEP, PGDPM
Executive Director
Mr. Rajendar Rewari
Chief Executive Officer, Executive Director
§ ∞ · Plainly Answered

Questions investors ask about VARDHMAN SPC STEEL (VSSL).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of VARDHMAN SPC STEEL (VSSL)?

The current share price of VARDHMAN SPC STEEL (VSSL) is ₹410.80. Today, the stock has gained by ₹6.10 (1.51%), trading in a range of ₹402.00 to ₹417.05. The stock opened at ₹404.70 with a trading volume of 1,46,996 shares.

02Is VARDHMAN SPC STEEL stock a good investment for long-term?

VARDHMAN SPC STEEL can be considered for long-term investment based on several factors. The company has a market capitalization of ₹3,973.78 Cr., P/E ratio of 201.47, ROE of 9.55%, and ROCE of 9.53%. The dividend yield stands at 0.86%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of VARDHMAN SPC STEEL stock?

The 52-week high price of VARDHMAN SPC STEEL (VSSL) is ₹428.25, while the 52-week low is ₹206.40. Currently trading at ₹410.80, the stock is 99.03% above its 52-week low and 4.07% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy VARDHMAN SPC STEEL stock at the current price?

Whether to buy VARDHMAN SPC STEEL stock at ₹410.80 depends on multiple factors. The stock is currently trading with a P/E ratio of 201.47 and P/B ratio of 4.98. Today's performance shows a gain of 1.51%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of VARDHMAN SPC STEEL and when is the next dividend?

VARDHMAN SPC STEEL offers a dividend yield of 0.86%, which means for every ₹100 invested at the current price of ₹410.80, you can expect to receive approximately ₹0.86 annually as dividends. The face value of the stock is ₹8.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of VARDHMAN SPC STEEL?

VARDHMAN SPC STEEL's key financial metrics include: P/E Ratio: 201.47, P/B Ratio: 4.98, ROE: 9.55%, ROCE: 9.53%, Dividend Yield: 0.86%, EPS: ₹4.26, Book Value: ₹82.53, and Debt-to-Equity: 0.07. The company's market cap stands at ₹3,973.78 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is VARDHMAN SPC STEEL stock performing today in the market?

VARDHMAN SPC STEEL stock opened at ₹404.70 and is currently trading at ₹410.80, showing a gain of ₹6.10 (1.51%). The intraday high is ₹417.05 and low is ₹402.00. The trading volume stands at 1,46,996 shares, indicating moderate market participation today.

08What is the P/E ratio of VARDHMAN SPC STEEL and what does it indicate?

VARDHMAN SPC STEEL has a Price-to-Earnings (P/E) ratio of 201.47, which means investors are willing to pay 201.47 for every ₹1 of earnings. With an EPS of ₹4.26, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about VARDHMAN SPC STEEL (VSSL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.