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Vardhman Special Steels Ltd

VSSL Share Price

246.751.06% (-2.65)
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Iron & Steel

With a market cap of ₹2,038 cr, stock is ranked 1,123

Stock is 3.22x as volatile as Nifty

VSSL Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Iron & Steel

With a market cap of ₹2,038 cr, stock is ranked 1,123

Stock is 3.22x as volatile as Nifty

VSSL Performance & Key Metrics

VSSL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
21.902.831.20%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
27.053.441.61%

VSSL Analyst Ratings & Forecast

Analyst Ratings data is currently unavailable for this stock

Price Upside

Earnings Growth

Rev. Growth

VSSL Company Profile

Vardhaman Special Steels Limited is engaged in the manufacturing of billet, steel bars and rods, and bright bars of various categories of special and alloy steels.

Investor Presentation

View older View older 

Jan 30, 2025

PDF
View Older Presentations

VSSL Similar Stocks (Peers)

Compare with peers Compare with peers 

VSSL Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
68.70
68.70
1Y Return
6.59%
6.59%
Buy Reco %
67.86
67.86
PE Ratio
55.51
55.51
1Y Return
16.02%
16.02%
Buy Reco %
63.33
63.33
PE Ratio
32.16
32.16
1Y Return
13.85%
13.85%
Buy Reco %
70.83
70.83
PE Ratio
65.93
65.93
1Y Return
23.69%
23.69%
Buy Reco %
47.83
47.83
PE Ratio
22.06
22.06
1Y Return
17.26%
17.26%
Buy Reco %
100.00
100.00
Compare with Peers

VSSL Sentiment Analysis

VSSL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

VSSL Stock Summary · April 2025

In the fourth quarter of FY 2025, the company showcased robust operational achievements, notably reaching a production capacity of 300,000 tons per year and planning a significant investment in a new green steel plant to enhance product quality. Despite a year-over-year sales volume increase of 11%, revenue growth was constrained to 6.2% due to price reductions and operational disruptions, leading to a decline in EBITDA margins. The strategic shift towards local sourcing for European OEMs and a focus on the growing domestic alloy steel market present promising opportunities, even as pricing pressures from competition and imports pose challenges. The management's commitment to sustainability and operational efficiency, alongside a cautious financial approach, reflects confidence in future growth while maintaining a healthy dividend policy. Overall, the company is poised for expansion, with plans to reduce outsourcing and enhance production capabilities, despite navigating short-term market dynamics.

VSSL Stock Growth Drivers
VSSL Stock Growth Drivers
7
  • Record Production and Sales Achievements

    Vardhman Special Steels Limited has achieved significant milestones in production and sales, including a total

  • Kocks Sizing Block Implementation

    The company has implemented a Kocks sizing block in its rolling mill, enhancing diameter control

VSSL Stock Challenges
VSSL Stock Challenges
5
  • Production Challenges and Capacity Constraints

    The company has faced significant production challenges due to a recent plant shutdown, which has

  • High Working Capital Inventory

    As of March 31, the company reported high working capital inventory levels, particularly in finished

VSSL Forecast

VSSL Forecasts

Price

Revenue

Earnings

VSSL

VSSL

Income

Balance Sheet

Cash Flow

VSSL Income Statement

VSSL Income Statement

Industry refers to the sub-sector this company belongs to.
Lower than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 8.54%, vs industry avg of 9.87%

Increasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.21% to 0.22%

Higher than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 32.79%, vs industry avg of 5.07%

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Financial YearFY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue679.45865.071,122.63855.60950.041,397.351,773.741,691.181,793.521,793.52
Raw Materialssubtract364.22488.90834.15393.61537.41897.141,146.471,032.041,616.371,616.37
Power & Fuel Costsubtract109.48127.81132.3595.49116.26141.77178.60172.58
Employee Costsubtract39.8046.7351.3048.1359.6180.9989.9596.21
Selling & Administrative Expensessubtract25.8131.1632.3629.2836.2648.7257.2254.90
Operating & Other expensessubtract74.66102.432.76239.9784.1826.16121.42163.19
Depreciation/Amortizationsubtract18.0721.5123.9225.7230.2326.9628.1230.9833.4733.47
Interest & Other Itemssubtract28.2821.4323.6625.7219.7117.2817.6518.4218.6318.63
Taxes & Other Itemssubtract0.000.06-0.06-5.6622.1857.5933.8531.2331.9731.96
EPS1.882.051.550.222.738.2912.3711.2611.4011.43
DPS0.000.000.000.000.381.751.002.003.002.00
Payout ratio0.000.000.000.000.140.210.080.180.260.18

VSSL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025FY 2025

Annual Report Pending

Investor Presentation

Jan 30PDF
Nov 7PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 2PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

Apr 28PDF
Jan 31PDF
Nov 2PDF
Jul 25PDF
FY 2022FY 2022

Annual report

PDF

Investor Presentation

Apr 30PDF
Jan 29PDF
Aug 5PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
FY 2015FY 2015

Annual report

PDF
 

VSSL Stock Peers

VSSL Past Performance & Peer Comparison

VSSL Past Performance & Peer Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Vardhman Special Steels Ltd21.902.831.20%
JSW Steel Ltd68.703.02
Tata Steel Ltd55.512.082.36%
Jindal Steel And Power Ltd32.162.020.22%

VSSL Stock Price Comparison

Compare VSSL with any stock or ETF
Compare VSSL with any stock or ETF
VSSL
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VSSL Holdings

VSSL Shareholdings

VSSL Promoter Holdings Trend

VSSL Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

VSSL Institutional Holdings Trend

VSSL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

VSSL Shareholding Pattern

VSSL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding60.37%4.14%0.03%0.65%34.81%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

VSSL Shareholding History

VSSL Shareholding History

Dec '23MarJunSepDec '24Mar0.75%0.49%0.64%0.60%0.58%0.65%

Mutual Funds Invested in VSSL

Mutual Funds Invested in VSSL

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 3 Mutual Funds holding Vardhman Special Steels Ltd




Funds (Top 3)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.0000%0.35%0.06%0/132 (0)
0.0000%0.00%-0.34%0/87 (0)
0.0000%0.65%0.10%0/64 (0)

Compare 3-month MF holding change on Screener

VSSL Insider Trades & Bulk Stock Deals

VSSL Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing VSSL stock

smallcases containing VSSL stock

Looks like this stock is not in any smallcase yet.

VSSL Events

VSSL Events

VSSL Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

VSSL has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.18%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹11.77 every year

Dividends

Corp. Actions

Announcements

Legal Orders

VSSL Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

VSSL has shown inconsistent dividend trend over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.18%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹11.77 every year

VSSL Upcoming Dividends

VSSL Upcoming Dividends

No upcoming dividends are available

VSSL Past Dividends

VSSL Past Dividends

Cash Dividend

Ex DateEx DateSep 6, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 6, 2024

Cash Dividend

Ex DateEx DateSep 15, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 15, 2023

Cash Dividend

Ex DateEx DateSep 16, 2022

Final
Final | Div/Share: ₹3.50

Dividend/Share

3.50

Ex DateEx Date

Sep 16, 2022

Cash Dividend

Ex DateEx DateSep 2, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 2, 2021

VSSL Stock News & Opinions

VSSL Stock News & Opinions

Corporate
Aichi Steel hikes stake in Vardhman Special Steels

Vardhman Special Steels (VSSL) announce the formal signing of an agreement with Aichi Steel Corporation, Japan (Aichi Steel), marking a significant milestone in their strategic partnership. Aichi Steel has increased its equity stake in VSSL from 11.33% to 24.90%. This investment represents a further deepening of the long-standing relationship between the two companies and underscores Aichi Steel's growing confidence in VSSL and the Indian steel market. The enhanced partnership is aligned with the shared vision of both organizations to develop a world-class green steel manufacturing facility in India, aimed at producing high-quality special steels for the global automotive and engineering industries. The upcoming plant with a manufacturing capacity of 5 lac TPA with an estimated capex of Rs. 2000 crores, backed by technical support from Aichi Steel, will integrate advanced Japanese processes and technology to serve both domestic and ASEAN markets. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Vardhman Special Steels to conduct EGM

Vardhman Special Steels announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 25 June 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Vardhman Special Steels to convene board meeting

Vardhman Special Steels will hold a meeting of the Board of Directors of the Company on 29 May 2025.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Board of Vardhman Special Steels to consider preferential issue of shares

The Board of Vardhman Special Steels will meet on 29 May 2025 to consider fund raising by way of preferential issue of equity shares. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Vardhman Special Steels posts nearly 40% YoY drop in Q4 PAT; board OKs Rs 2,000 crore capex plan

Revenue from operations stood at Rs 428.04 crore in Q4 FY25, as against Rs 439.41 crore in Q4 FY24, a decrease of 2.59% YoY. This was mainly due to decline in realisations inspite of increased volumes. The company's sales volumes for the quarter increased by 3.29% to 53,834 tonnes from 52,118 tonnes recorded in Q4 FY24. This was despite a shutdown of 14 days in Rolling mill in Mar'25. EBITDA fell by 32.89% YoY to Rs 38.62 crore in Q4 FY25, primarily due to lower gross margins. EBITDA per ton for the quarter was Rs. 7,174. Vardhman Special Steels has recorded 1.59% rise in net profit to Rs 93.09 crore on a 6.20% increase in revenue from operations to Rs 1,764.41 crore in FY25 as compared with FY24. The company stated that it is setting up a new Greenfield steel plant in the state of Punjab for the manufacturing of special and alloy steel. The planned capacity is 5,00,000 MT per annum of billet production with commensurate rolling mill and testing facilities. The total capital expenditure for the project is estimated at approximately Rs 2,000 crore. The project will be funded through a mix of internal accruals, equity, and debt. The new capacity is expected to be commissioned by FY 2029'30. The plant will address the capacity shortage after 2028 primarily for existing product lines. Sachit Jain, vice chairman & managing director, Vardhman Special Steels, said: 'Looking ahead, market demand remains muted. As a result, opportunities for price increases are limited. Raw material prices are relatively stable. Working capital borrowings increased due to inventory build-up in preparation for the planned shutdown. However, the process of the inventory going back to normal level has already started. During the year we have reduced our long term borrowings to Rs 3.29 crore and will continue to bring it down further going forward. As planned, the Kocks Block has been successfully commissioned and is currently in the stabilization phase. Once fully operational, it is expected to enhance productivity and reduce inventory requirements. We remain focused on improving operational efficiency and positioning the company for sustainable long term growth. The company has announced a dividend of Rs. 3 per share for FY25 as against Rs. 2 in FY24. Vardhman Special Steels is one of India's leading producers of special steels, catering to diverse requirements of automotive, engineering, tractors, bearings and allied industries. The company also takes care of steel requirements of select customers for forging applications in international markets of Thailand, Taiwan, Turkey, Italy, Russia, Germany, Vietnam and Japan. The scrip was locked in 20% upper circuit at Rs 249 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Vardhman Special Steels Ltd leads gainers in 'B' group

Sigma Solve Ltd, Mindteck (India) Ltd, Modi Rubber Ltd and Manaksia Steels Ltd are among the other gainers in the BSE's 'B' group today, 23 April 2025.Vardhman Special Steels Ltd surged 20.00% to Rs 249 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 82136 shares were traded on the counter so far as against the average daily volumes of 6979 shares in the past one month. Sigma Solve Ltd soared 20.00% to Rs 333.95. The stock was the second biggest gainer in 'B' group. On the BSE, 18804 shares were traded on the counter so far as against the average daily volumes of 865 shares in the past one month. Mindteck (India) Ltd spiked 17.08% to Rs 212.2. The stock was the third biggest gainer in 'B' group. On the BSE, 2.22 lakh shares were traded on the counter so far as against the average daily volumes of 8319 shares in the past one month. Modi Rubber Ltd gained 15.16% to Rs 123.8. The stock was the fourth biggest gainer in 'B' group. On the BSE, 38345 shares were traded on the counter so far as against the average daily volumes of 652 shares in the past one month. Manaksia Steels Ltd rose 15.06% to Rs 69.53. The stock was the fifth biggest gainer in 'B' group. On the BSE, 4.7 lakh shares were traded on the counter so far as against the average daily volumes of 45727 shares in the past one month. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Vardhman Special Steels consolidated net profit declines 39.83% in the March 2025 quarter

Net profit of Vardhman Special Steels declined 39.83% to Rs 19.73 crore in the quarter ended March 2025 as against Rs 32.79 crore during the previous quarter ended March 2024. Sales declined 2.59% to Rs 428.04 crore in the quarter ended March 2025 as against Rs 439.41 crore during the previous quarter ended March 2024. For the full year,net profit rose 1.59% to Rs 93.09 crore in the year ended March 2025 as against Rs 91.63 crore during the previous year ended March 2024. Sales rose 6.20% to Rs 1764.41 crore in the year ended March 2025 as against Rs 1661.36 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales428.04439.41 -3 1764.411661.36 6 OPM %7.3511.11 -8.398.57 - PBDT35.1552.88 -34 158.53153.84 3 PBT26.8543.89 -39 125.06122.86 2 NP19.7332.79 -40 93.0991.63 2 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Vardhman Special Steels recommends final dividend

Vardhman Special Steels announced that the Board of Directors of the Company at its meeting held on 22 April 2025, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Vardhman Special Steels to hold board meeting

Vardhman Special Steels will hold a meeting of the Board of Directors of the Company on 22 April 2025.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Vardhman Special Steels standalone net profit declines 1.60% in the December 2024 quarter

Net profit of Vardhman Special Steels declined 1.60% to Rs 21.46 crore in the quarter ended December 2024 as against Rs 21.81 crore during the previous quarter ended December 2023. Sales rose 7.39% to Rs 426.77 crore in the quarter ended December 2024 as against Rs 397.40 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales426.77397.40 7 OPM %8.228.37 - PBDT36.9636.60 1 PBT28.4729.17 -2 NP21.4621.81 -2 Powered by Capital Market - Live

4 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Vardhman Special Steels Ltd (VSSL) today?

    The share price of VSSL as on 19th June 2025 is ₹246.75. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Vardhman Special Steels Ltd (VSSL) share?

    The past returns of Vardhman Special Steels Ltd (VSSL) share are
    • Past 1 week: -5.40%
    • Past 1 month: -2.72%
    • Past 3 months: 33.32%
    • Past 6 months: 0.75%
    • Past 1 year: -15.91%
    • Past 3 years: 136.73%
    • Past 5 years: 706.47%

  3. What are the peers or stocks similar to Vardhman Special Steels Ltd (VSSL)?

    The peers or stocks similar to Vardhman Special Steels Ltd (VSSL) include:

  4. What is the dividend yield % of Vardhman Special Steels Ltd (VSSL) share?

    The current dividend yield of Vardhman Special Steels Ltd (VSSL) is 1.20.

  5. What is the market cap of Vardhman Special Steels Ltd (VSSL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Vardhman Special Steels Ltd (VSSL) is ₹2038.43 Cr as of 19th June 2025.

  6. What is the 52 week high and low of Vardhman Special Steels Ltd (VSSL) share?

    The 52-week high of Vardhman Special Steels Ltd (VSSL) is ₹339 and the 52-week low is ₹178.

  7. What is the PE and PB ratio of Vardhman Special Steels Ltd (VSSL) stock?

    The P/E (price-to-earnings) ratio of Vardhman Special Steels Ltd (VSSL) is 21.90. The P/B (price-to-book) ratio is 2.83.

  8. Which sector does Vardhman Special Steels Ltd (VSSL) belong to?

    Vardhman Special Steels Ltd (VSSL) belongs to the Materials sector & Iron & Steel sub-sector.

  9. How to buy Vardhman Special Steels Ltd (VSSL) shares?

    You can directly buy Vardhman Special Steels Ltd (VSSL) shares on Tickertape. Simply sign up, connect your demat account and place your order.