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Vardhman Special Steels Ltd

VSSL Share Price

257.900.57% (+1.45)
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Iron & Steel

With a market cap of ₹2,479 cr, stock is ranked 1,057

Stock is 3.59x 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 ₹2,479 cr, stock is ranked 1,057

Stock is 3.59x as volatile as Nifty

VSSL Performance & Key Metrics

VSSL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
26.643.110.99%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
29.593.391.49%

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 20, 2026

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
86.42
86.42
1Y Return
30.52%
30.52%
Buy Reco %
67.86
67.86
PE Ratio
72.17
72.17
1Y Return
47.14%
47.14%
Buy Reco %
60.00
60.00
PE Ratio
42.62
42.62
1Y Return
43.86%
43.86%
Buy Reco %
77.78
77.78
PE Ratio
79.92
79.92
1Y Return
36.03%
36.03%
Buy Reco %
35.00
35.00
PE Ratio
47.54
47.54
1Y Return
6.88%
6.88%
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 · January 2026

In the latest quarter, the company demonstrated robust sales volumes despite facing price pressures from declining raw material costs, which are expected to rise again, influencing future pricing strategies. With a strategic focus on expanding production capacity, including a significant investment in a new forging project and a Greenfield steel plant, the company aims to diversify its offerings beyond automotive steel into the lucrative non-automotive market. Operational improvements, such as enhanced product quality and reduced waste, are anticipated to bolster profitability, while ongoing discussions around green steel initiatives position the company favorably for future market shifts. Despite current challenges, management remains optimistic about achieving sustainable EBITDA growth and meeting ambitious sales targets, reflecting a proactive approach to capitalizing on emerging opportunities.

VSSL Stock Growth Drivers
VSSL Stock Growth Drivers
7
  • Strong Sales Performance

    Vardhman Special Steels Limited reported a slight increase in sales volumes, achieving 55,000 tons in

  • Operational Enhancements and Capacity Expansion

    The company is advancing its operational capabilities through the commissioning of a new reheating furnace

VSSL Stock Challenges
VSSL Stock Challenges
2
  • Lack of Machinery for Future Production

    The company currently lacks the necessary machinery to produce non-automotive steel products, which is expected

  • Capital Expenditure Constraints

    While the company anticipates future incremental capital expenditure (capex) to be significantly lower than the

end marker

VSSL Forecast

VSSL Forecasts

Price

Revenue

Earnings

VSSL

VSSL

Income

Balance Sheet

Cash Flow

VSSL Income Statement

VSSL Income Statement

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Financial YearFY 2024FY 2025TTM
Total Revenue1,691.181,793.521,793.52
Raw Materialssubtract1,032.041,093.681,616.37
Power & Fuel Costsubtract172.58177.37
Employee Costsubtract96.21103.39
Selling & Administrative Expensessubtract41.2648.39
Operating & Other expensessubtract176.83193.53
Depreciation/Amortizationsubtract30.9833.4733.47
Interest & Other Itemssubtract18.4218.6318.63
Taxes & Other Itemssubtract31.2331.9731.96
EPS11.2511.4111.39
DPS2.003.002.00
Payout ratio0.180.260.18

VSSL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Jan 20PDF
Oct 29PDF
Jul 25PDF
FY 2025FY 2025

Annual report

PDF

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
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
 

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 Ltd26.643.110.99%
JSW Steel Ltd86.423.710.28%
Tata Steel Ltd72.172.701.82%
Jindal Steel Ltd42.622.530.17%

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 Holding51.10%3.27%0.04%0.54%45.04%

Jun 2025

Jul 2025

Sep 2025

Dec 2025

VSSL Shareholding History

VSSL Shareholding History

Dec '24MarJunJulSepDec '250.58%0.65%0.50%0.50%0.55%0.54%

Mutual Funds Invested in VSSL

Mutual Funds Invested in VSSL

No mutual funds holding trends are available

Top 4 Mutual Funds holding Vardhman Special Steels Ltd




Funds (Top 4)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
2.7278%0.60%-0.01%57/65 (-3)
0.8931%0.26%-0.09%106/121 (-12)
0.0001%0.00%-0.00%945/1042 (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 dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

VSSL Dividend Trend

No dividend trend available

VSSL Upcoming Dividends

VSSL Upcoming Dividends

No upcoming dividends are available

VSSL Past Dividends

VSSL Past Dividends

Cash Dividend

Ex DateEx DateSep 12, 2025

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Sep 12, 2025

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

Earnings
Vardhman Special Steels standalone net profit rises 56.52% in the December 2025 quarter

Net profit of Vardhman Special Steels rose 56.52% to Rs 33.59 crore in the quarter ended December 2025 as against Rs 21.46 crore during the previous quarter ended December 2024. Sales rose 0.88% to Rs 430.54 crore in the quarter ended December 2025 as against Rs 426.77 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales430.54426.77 1 OPM %10.068.22 - PBDT52.7936.96 43 PBT44.8028.47 57 NP33.5921.46 57 Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Vardhman Special Steels announces board meeting date

Vardhman Special Steels will hold a meeting of the Board of Directors of the Company on 20 January 2026.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Vardhman Special Steels allots 1.23 lakh equity shares under ESOP

Vardhman Special Steels has allotted 1,23,750 equity shares (including 61,875 Bonus shares on the ESOP shares in the ratio of 1:1) to the eligible employees of the Company who have exercised their stock options under 'Vardhman Special Steels Limited Employee Stock Option Plan, 2016' and 'Vardhman Special Steels Limited Employee Stock Option Plan, 2020'. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
Vardhman Special Steels to invest Rs 475 crore for new steel forgings capacity in Ludhiana

The proposed forging unit would result in forward integration of Vardhman Special Steels' existing steelmaking operations. This expansion would enable the company to offer a comprehensive, one stop solution automotive OEMs, spanning steel production through to forged components. The chain investment is aimed at strengthening the company's position within the automotive supply by expanding its value-added product portfolio and increasing participation across critical automotive components. Sachit Jain, chairman & managing director, Vardhman Special Steels, said: Over the years, we have consistently evaluated venturing into forgings with our partner Aichi Steel Corporation who is having the largest forging capacity in automotive domain with unique know-how and technologies in Japan. With the rising customer demand, market visibility and our internal capabilities now aligned, I am happy to share that we are going ahead with the setting up of a forging and machining unit in Ludhiana itself. Our entry into steel forgings is a natural progression of our steelmaking operations and positions us as a more comprehensive partner to automotive OEMs. 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 scrip rose 0.48% to currently trade at Rs 293.45 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Vardhman Special Steels standalone net profit rises 33.85% in the September 2025 quarter

Net profit of Vardhman Special Steels rose 33.85% to Rs 34.56 crore in the quarter ended September 2025 as against Rs 25.82 crore during the previous quarter ended September 2024. Sales declined 12.64% to Rs 432.27 crore in the quarter ended September 2025 as against Rs 494.82 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales432.27494.82 -13 OPM %10.477.91 - PBDT54.5843.08 27 PBT46.5034.68 34 NP34.5625.82 34 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Vardhman Special Steels to table results

Vardhman Special Steels will hold a meeting of the Board of Directors of the Company on 28 October 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Vardhman Special Steels to conduct AGM

Vardhman Special Steels announced that the Annual General Meeting(AGM) of the company will be held on 24 September 2025.Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Vardhman Special Steels fixes record date for dividend

Vardhman Special Steels has fixed 12 September 2025 as record date for payment of dividend for FY 2025. Powered by Capital Market - Live

5 months agoCapital Market - Live
Earnings
Vardhman Special Steels standalone net profit declines 23.70% in the June 2025 quarter

Net profit of Vardhman Special Steels declined 23.70% to Rs 19.90 crore in the quarter ended June 2025 as against Rs 26.08 crore during the previous quarter ended June 2024. Sales rose 4.56% to Rs 433.70 crore in the quarter ended June 2025 as against Rs 414.78 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales433.70414.78 5 OPM %7.3410.22 - PBDT35.7743.34 -17 PBT26.7735.05 -24 NP19.9026.08 -24 Powered by Capital Market - Live

6 months 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 25 July 2025.Powered by Capital Market - Live

6 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 6th February 2026 is ₹257.90. 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: 1.50%
    • Past 1 month: -7.44%
    • Past 3 months: -13.17%
    • Past 6 months: -4.09%
    • Past 1 year: 8.40%
    • Past 3 years: 61.90%
    • Past 5 years: 324.38%

  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 0.99.

  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 ₹2479.50 Cr as of 6th February 2026.

  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 ₹324 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 26.64. The P/B (price-to-book) ratio is 3.11.

  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.