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NSE · VSSL

Vardhman Special Steels Ltd.

303.35
₹2,865 Cr market cap
P/E
17.46
EPS
₹11.39
Book value
₹97.62
ROE
12.3%
ROCE
15.64%
Debt / equity
0.13

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

044889713451794Dec 24Mar 25Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Revenue (₹ Cr) Net profit (₹ Cr)

Latest period: revenue ₹486 Cr with net profit ₹41 Cr — a 8.48% net margin, versus 7.42% the period before.

Shareholding

As of 2026-06-30

51.06%
promoter holding
  • Promoter51.06%
  • Public45.12%
  • FII0.55%
  • DII3.27%

36,365 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

60.37%51.06%Mar 25Jun 26

52-week position

Where the current price sits in its yearly band

206303326

The band spans 1.58× from low to high.

Risk flags

Derived from disclosed data

No flags raised by the data.

Peer comparison

Steel - Medium / Small · ranked #18 of 115 by market cap · medians across 49 industry peers

P/E
17.46vs 35.72 peer med
P/B
2.04vs 2.92 peer med
ROE %
12.3vs 11.01 peer med
Margin %
vs 4.78 peer med
CompanyMkt capP/EP/BROEMargin
Sarda Energy & Minerals Ltd.₹18,260 Cr16.622.4815%19.6%
Ratnamani Metals & Tubes Ltd.₹16,758 Cr34.194.0811.74%10.74%
Godawari Power & Ispat Ltd.₹16,673 Cr54.322.6813.79%14.88%
Usha Martin Ltd.₹15,531 Cr28.494.714.11%13.21%
Gallantt Ispat Limited₹15,105 Cr1234.5514.6%11%
Mishra Dhatu Nigam Ltd.₹7,366 Cr56.014.818.58%11.12%
Sunflag Iron & Steel Company Ltd.₹6,488 Cr31.170.762.28%5.14%
Technocraft Industries (India) Ltd.₹5,759 Cr20.192.8514.11%10.34%
Aeroflex Industries Ltd.₹5,715 Cr317.5412.7812.41%12.57%
Goodluck India Limited₹5,053 Cr83.533.3912.12%4.45%
Vardhman Special Steels Ltd.(this company)₹2,933 Cr31.862.4811.67%5.28%

AI analysis

AI-generated · google/gemini-2.5-flash

Vardhman Special Steels Ltd. (VSSL) has a market capitalization of Rs 2872 Cr. The company reported revenue of Rs 1793.52 Cr and earnings per share (EPS) of 11.39. Its return on equity (ROE) stands at 12.3% and return on capital employed (ROCE) is 15.6392%. The debt-to-equity ratio is 0.13. As of June 30, 2026, promoter holding was 51.0568%, with no shares pledged.

Positives

  • +The company has a low debt-to-equity ratio of 0.13.
  • +Promoter shareholding is 51.0568% as of June 30, 2026, indicating significant insider confidence.
  • +There are no pledged shares by the promoters.

Negatives

  • Promoter shareholding has decreased from 58.9721% on November 28, 2019, to 51.0568% on June 30, 2026.
  • No dividend yield information is available for the company.
  • No quarterly results have been disclosed since March 2025.

Financial performance

For the financial year ending March 2026, Vardhman Special Steels Ltd. recorded revenue of Rs 457.92 Cr and a net profit of Rs 33.98 Cr. The EBITDA for the same period was Rs 48.75 Cr. In the latest available quarterly results for March 2025, revenue was Rs 428.04 Cr, net profit was Rs 19.73 Cr, and EBITDA stood at Rs 30.33 Cr.

Profitability & returns

The company’s return on equity (ROE) is 12.3%, and its return on capital employed (ROCE) is 15.6392%. The earnings per share (EPS) for Vardhman Special Steels Ltd. is Rs 11.39. It has a price-to-earnings (PE) ratio of 17.46, based on the current market price and EPS.

Balance sheet

Vardhman Special Steels Ltd. has a book value per share of Rs 97.62. The company maintains a debt-to-equity ratio of 0.13, indicating a low level of debt relative to its equity. There are no reported pledged shares by the promoters.

Ownership & pledges

As of June 30, 2026, promoters held 51.0568% of the company's shares. Public shareholding was 45.1228%. Domestic institutional investors (DIIs) held 3.2711% and foreign institutional investors (FIIs) held 0.5493%. There are no shares pledged by the promoters.

Regulatory & surveillance

The company is not currently under any additional surveillance measures. The number of shareholders grew from 17979 as of November 28, 2019, to 36365 as of June 30, 2026.

Data as of — price: 2026-07-30 · financials: Jun 26 · shareholding: Jun 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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