Debut Plus

₹297.4

▲ +1.3 +0.44%

17 Jul 2026

NSE Listed

Vardhman Spc Steel Ltd. (VSSL)

Volume: 47,973Avg Vol 1W: 2,11,270.2Avg Vol 1M: 73,222.2552W Range:₹206.4₹324
NSE BSE www.vardhmansteel.com
Key Ratios
Checked 19h ago
Market Cap₹2,858 Cr
Current Price₹297.4
Previous Close₹296.1
High / Low (52w)₹324 / ₹206.4
Volume47,973
Avg Vol (1W)2,11,270.2
Avg Vol (1M)73,222.25
Stock P/E17.46
Book Value₹97.62
Dividend Yield—
ROE12.3%
ROA—
Revenue (TTM)₹1,794 Cr
Revenue Growth—
Profit Margin—
Total Debt₹3 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹11.39
P/B2.04
Debt / Equity0.13
50 DMA₹277.56
200 DMA₹270.97
Day change+0.44%
Price Chart
₹297.4▲ 12.12% · 1Y
₹315₹20848.8L
2025-07-16
2026-07-15

20-day avg volume: 73K shares

Pros
  • Company is almost debt-free.
Quarterly Results
MetricJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025
Revenue₹409 Cr₹415 Cr₹397 Cr₹439 Cr₹415 Cr₹495 Cr₹427 Cr₹428 Cr
EBITDA₹29 Cr₹29 Cr₹34 Cr₹49 Cr₹40 Cr₹40 Cr₹34 Cr₹30 Cr
Net Profit₹19 Cr₹18 Cr₹22 Cr₹33 Cr₹26 Cr₹26 Cr₹21 Cr₹20 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹856 Cr₹950 Cr₹1,397 Cr₹1,774 Cr₹1,691 Cr₹1,794 Cr
EBITDA₹23 Cr₹86 Cr₹176 Cr₹152 Cr₹141 Cr₹144 Cr
Net Profit₹3 Cr₹44 Cr₹101 Cr₹100 Cr₹92 Cr₹93 Cr
EPS0.8910.9324.7112.3111.1811.37
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹770 Cr₹803 Cr₹921 Cr₹1,031 Cr₹1,040 Cr₹1,136 Cr
Total Liabilities₹357 Cr₹343 Cr₹366 Cr₹388 Cr₹320 Cr₹338 Cr
Equity₹414 Cr₹459 Cr₹555 Cr₹642 Cr₹719 Cr₹798 Cr
Total Debt₹108 Cr₹110 Cr₹79 Cr₹44 Cr——
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹97 Cr₹81 Cr₹112 Cr₹174 Cr₹160 Cr
Investing₹7 Cr₹-9 Cr₹-15 Cr₹-50 Cr₹-127 Cr
Financing₹-94 Cr₹-52 Cr₹-49 Cr₹-94 Cr₹3 Cr
Free Cash Flow₹97 Cr₹81 Cr₹112 Cr₹174 Cr₹160 Cr
Shareholding
Promoter 51.06% Institutions 3.82% Public 45.12%
Efficiency & Working Capital
ROCE15.6%
Interest Coverage7.7
Dividend Payout—
Debtor Days54 d
Inventory Days69 d
Payable Days29 d
Cash Conversion Cycle95 d
Working Capital Days123 d
Shareholding Details

As of 2026-06-30

Promoter51.1%
FII0.5%
DII3.3%
Institutions3.8%
Public45.1%
Promoter Pledge0%
No. of Shareholders36,365
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Jul 2025Jul 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters60.6%60.6%60.5%60.5%60.4%51.1%51.1%51.1%51.1%51.1%51.1%51.1%
FIIs0.5%0.6%0.6%0.6%0.6%0%0.5%0.5%0.5%0.5%0.6%0.5%
DIIs2.6%3.1%3.9%4.5%4.2%3.5%3.5%3.5%3.6%3.3%3.3%3.3%
Public36.3%35.7%35%34.4%34.8%45.3%44.8%44.8%44.7%45%45.1%45.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders32,86634,68335,22936,34836,28735,85635,85635,85636,44338,07936,85436,365
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Aichi Steel CorporationPublic Shareholding24.9%2.40 Cr
Vardhman Textiles LimitedShareholding of Promoter and Promoter Group20.1%1.94 Cr
Sachit JainShareholding of Promoter and Promoter Group11.7%1.13 Cr
Vardhman Holdings LimitedShareholding of Promoter and Promoter Group10.8%1.04 Cr
Devakar Investment And Trading Company Private LimitedShareholding of Promoter and Promoter Group4.6%44,30,032
Tata Mutual Fund - Tata Small Cap FundPublic Shareholding2.5%23,78,601
Deep J MasterPublic Shareholding2.1%20,00,000
Mahavir Shares Trust (deepak Jain, Trustee)Shareholding of Promoter and Promoter Group1.1%10,65,822
Catamaran Ventures LlpPublic Shareholding1%9,82,693
Vtl Investments LimitedShareholding of Promoter and Promoter Group0.8%7,56,000
Shri Paul OswalShareholding of Promoter and Promoter Group0.5%4,41,404
Flamingo Finance And Investment Company LimitedShareholding of Promoter and Promoter Group0.4%3,93,672
Santon Finance And Investment Company LimitedShareholding of Promoter and Promoter Group0.4%3,37,066
Ramaniya Finance And Investment Company LimitedShareholding of Promoter and Promoter Group0.3%3,13,352
Suchita JainShareholding of Promoter and Promoter Group0.2%1,80,534
Shakun OswalShareholding of Promoter and Promoter Group0.1%1,02,382
Shri Paul Oswal, Partner, Amber SyndicateShareholding of Promoter and Promoter Group0.1%57,496
Shri Paul Oswal, Partner, Northern Trading CompanyShareholding of Promoter and Promoter Group0.1%55,040
Shri Paul Oswal, Partner, Paras SyndicateShareholding of Promoter and Promoter Group0.1%61,030
Shakun Oswal, Partner, Eastern Trading CompanyShareholding of Promoter and Promoter Group0%39,360
Mahavir Spinning Mills Private LimitedShareholding of Promoter and Promoter Group0%7,096
Soumya JainShareholding of Promoter and Promoter Group0%5,320
Sagrika VirShareholding of Promoter and Promoter Group0%5,160
Adishwar Enterprises LlpShareholding of Promoter and Promoter Group0%0
Sp Oswal Trust (shri Paul Oswal, Trustee)Shareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Shri Paul Oswal00%2026-06-30
Shakun Oswal00%2026-06-30
Sachit Jain00%2026-06-30
Suchita Jain00%2026-06-30
Soumya Jain00%2026-06-30
Sagrika Vir00%2026-06-30
Shakun Oswal, Partner, Eastern Trading Company00%2026-06-30
Shri Paul Oswal, Partner, Amber Syndicate00%2026-06-30
Shri Paul Oswal, Partner, Northern Trading Company00%2026-06-30
Shri Paul Oswal, Partner, Paras Syndicate00%2026-06-30
Devakar Investment And Trading Company Private Limited00%2026-06-30
Flamingo Finance And Investment Company Limited00%2026-06-30
Board of Directors
NameDesignationYear
Sachit JainVice Chairman & M.D.2025
R K RewariExecutive Director2025
Soumya JainExecutive Director2025
Suchita JainNon-Exec & Non-Independent Dir2025
Rajinder Kumar JainNon-Exec & Non-Independent Dir2025
Toshio ItoNon-Exec & Non-Independent Dir2025
Rakesh JainIndependent Non Exe. Director2025
Suman ChatterjeeIndependent Non Exe. Director2025
Vidya Rashesh ShahIndependent Non Exe. Director2025
Hemant Bharat RamIndependent Non Exe. Director2025
Randhir Singh KalsiIndependent Director2025
Koichiro HayashidaIndependent Non Exe. Director2025
Sonam TanejaCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing of Steel products₹0 Cr—
Segments — Geography
RegionRevenueShare
Domestic₹1,695 Cr96.6%
Foreign₹59 Cr3.4%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹101008282
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-22Board Meetings—
dividend2025-09-12₹3 (30%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000162945
2025000088
20250002912
Substantial Acquisitions (SAST)

1 disclosure(s)

Pref. Allotment04/07/2025 · 1,47,70,100
Company Information
Incorporated2010
ChairmanSachit Jain
AuditorBSR & Co LLP
Investor Email[email protected]
🌐 www.vardhmansteel.com ↗

📍 Vardhman Premises, Chandigarh Road, Ludhiana, Punjab, 141010

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