Vardhman Special Steels
Vardhman Special Steels Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Vardhman Special Steels Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Vardhman Special Steels Ltd trades at a P/E of 20.96× and P/B of 2.18×.
Valuation
Profitability
Growth
Financial Health
Vardhman Special Steels Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Vardhman Special Steels Ltd, switchable between annual and quarterly views, consolidated or standalone.
Vardhman Special Steels Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,788.41 Cr and reported EPS of ₹13.12.
| Period | 2025 | 2026 |
|---|---|---|
| Revenue from Operations | 1,764 | 1,764 |
| Other Income | 29 | 29 |
| Total Income | 1,794 | 1,794 |
| Cost of Goods Sold (COGS) | 1,083 | 1,083 |
| Gross Profit | 681 | 681 |
| +Operating Expenses | 533 | 533 |
| EBITDA | 148 | 148 |
| +Non-Operating Expenses | 52 | 52 |
| Profit Before Tax (PBT) | 125 | 125 |
| +Tax Expense | 32 | 32 |
| Profit After Tax (PAT) | 93 | 93 |
| Earnings Per Share (EPS) | — | 9.63 |
| Diluted Shares Outstanding (Nos.) | — | 10 |
| +Additional Disclosures | 2,751 | 2,751 |
| Material Cost % | 62 | 62 |
| Employee Cost % | 6 | 6 |
| Other Cost % | 24 | 24 |
| OPM % | 8 | 8 |
| Tax % | 26 | 26 |
| Gross Margin % | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 |
| Additional Fields | 115 | 115 |
Vardhman Special Steels segment analysis: revenue and profit mix.
Disclosed business segments at Vardhman Special Steels with their share of revenue and profit, switchable between consolidated and standalone reporting.
Vardhman Special Steels discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Vardhman Special Steels Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Vardhman Special Steels Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Vardhman Special Steels Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
ROE 12.10% and ROCE 16.50% indicate efficient capital utilization.
Very low debt-to-equity ratio of 0.15 signifies robust financial health.
Promoter holding of 51.1% shows strong insider confidence and commitment.
Impressive 5-year EPS growth of 91.63% and revenue growth of 15.83%.
Specialized steel products cater to high-performance industries like automotive and railway.
What can break it.
Quarterly profit declined by -39.80%, raising short-term operational concerns.
P/E ratio of 31.10 is higher than sector average, suggesting overvaluation.
Promoter holdings decreased from 60.37% to 51.13%, signaling reduced insider confidence.
Negative 5-year FOCF CAGR of -39.49% indicates deteriorating cash generation.
Quarterly revenue declined -12.64% YoY, indicating recent market demand challenges.
What would change my mind.
Trim if P/E re-rates above 27. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 7.78. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Vardhman Special Steels Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Vardhman Special Steels Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Vardhman Special Steels Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Vardhman Special Steels Ltd — derived from the live tape, not yesterday's close.
Vardhman Special Steels Ltd last traded at ₹288.7 with an intraday range of ₹280.15–₹293.7 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹288.70| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 321.98 | +33.28 | +11.53% |
| R3 | 308.43 | +19.73 | +6.84% |
| R2 | 301.07 | +12.37 | +4.28% |
| R1 | 294.88 | +6.18 | +2.14% |
| PIVOT | 287.52 | -1.18 | -0.41% |
| CURRENT | 288.70 | — | — |
| S1 | 254.23 | -34.47 | -11.94% |
| S2 | 267.78 | -20.92 | -7.25% |
| S3 | 273.97 | -14.73 | -5.10% |
| S4 | 281.33 | -7.37 | -2.55% |
VSSL is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: 281.4 ~ 284.65
Trading Inside opening range
Vardhman Special Steels Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Vardhman Special Steels Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Vardhman Special Steels Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Vardhman Special Steels Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Vardhman Special Steels Ltd stood at 53.8% of traded volume, against a 20-day average of 54.8%.
Vardhman Special Steels announcements: results, concalls, ratings, M&A.
Filings Vardhman Special Steels sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Vardhman Special Steels files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 154 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
Vardhman Special Steels Limited has informed the Exchange about Schedule of meet.
Updates
Vardhman Special Steels Limited has informed the Exchange regarding 'Demat Report for the month ended May, 2026.'.
Analysts/Institutional Investor Meet/Con. Call Updates
Vardhman Special Steels Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Vardhman Special Steels Limited has informed the Exchange about Schedule of meet
Monitoring Agency Report
Please find enclosed herewith Monitoring Agency Report for the quarter ended 31.03.2026.
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Vardhman Special Steels dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Vardhman Special Steels has declared, sequenced by announce and record date.
Vardhman Special Steels corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Vardhman Special Steels Ltd: business, sector, key facts.
What Vardhman Special Steels Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Vardhman Special Steels Ltd operates in the Basic Materials, listed as NSE: VSSL, BSE: 534392.
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.
Questions investors ask about Vardhman Special Steels Ltd (VSSL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Vardhman Special Steels Ltd (VSSL)?
The current share price of Vardhman Special Steels Ltd (VSSL) is ₹288.7. Today, the stock has gained by ₹4.80 (1.69%), trading in a range of ₹280.15 to ₹293.7. The stock opened at ₹281.4 with a trading volume of 1,16,119 shares.
02Is Vardhman Special Steels Ltd stock a good investment for long-term?
Vardhman Special Steels Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,788.41 crores, P/E ratio of 20.96, ROE of 11.76%, and ROCE of 16.50%. The dividend yield stands at 1.09%. 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 Special Steels Ltd stock?
The 52-week high price of Vardhman Special Steels Ltd (VSSL) is ₹324, while the 52-week low is ₹206.4. Currently trading at ₹288.7, the stock is 70.0% away from its 52-week low and 10.9% 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 Special Steels Ltd stock at the current price?
Whether to buy Vardhman Special Steels Ltd stock at ₹288.7 depends on multiple factors. The stock is currently trading with a P/E ratio of 20.96 and P/B ratio of 2.18. Today's performance shows a gain of 1.69%. 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 Special Steels Ltd and when is the next dividend?
Vardhman Special Steels Ltd offers a dividend yield of 1.09%, which means for every ₹100 invested at the current price of ₹288.7, you can expect to receive approximately ₹1.09 annually as dividends. The face value of the stock is ₹10.00. 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 Special Steels Ltd?
Vardhman Special Steels Ltd's key financial metrics include: P/E Ratio: 20.96, P/B Ratio: 2.18, ROE: 11.76%, ROCE: 16.50%, Dividend Yield: 1.09%, EPS: ₹13.12, Book Value: ₹126.18, and Debt-to-Equity: 7.28. The company's market cap stands at ₹2,788.41 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Vardhman Special Steels Ltd stock performing today in the market?
Vardhman Special Steels Ltd stock opened at ₹281.4 and is currently trading at ₹288.7, showing a gain of ₹4.80 (1.69%). The intraday high is ₹293.7 and low is ₹280.15. The trading volume stands at 1,16,119 shares, indicating moderate market participation today.
08What is the P/E ratio of Vardhman Special Steels Ltd and what does it indicate?
Vardhman Special Steels Ltd has a Price-to-Earnings (P/E) ratio of 20.96, which means investors are willing to pay ₹20.96 for every ₹1 of earnings. With an EPS of ₹13.12, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Vardhman Special Steels Ltd (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.
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