NSE · VSSL
Vardhman Special Steels Ltd.
Revenue & net profit by period
Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.
Latest period: revenue ₹486 Cr with net profit ₹41 Cr — a 8.48% net margin, versus 7.42% the period before.
Shareholding
As of 2026-09-30
- Promoter51.18%
- Public45.73%
- FII0.57%
- DII2.52%
37,253 shareholders on record
Promoter holding trend
Each disclosed period, oldest to newest
52-week position
Where the current price sits in its yearly band
The band spans 2.07× from low to high.
Risk flags
Derived from disclosed data
No flags raised by the data.
Peer comparison
Steel - Medium / Small · ranked #17 of 120 by market cap · medians across 49 industry peers
| Company | Mkt cap | P/E | P/B | ROE | Margin |
|---|---|---|---|---|---|
| Ratnamani Metals & Tubes Ltd. | ₹16,149 Cr | 36.64 | 3.93 | 11.74% | 10.03% |
| Sarda Energy & Minerals Ltd. | ₹15,864 Cr | 14.14 | 2.15 | 15% | 20.15% |
| Usha Martin Ltd. | ₹14,073 Cr | 25.81 | 4.26 | 14.11% | 13.21% |
| Godawari Power & Ispat Ltd. | ₹12,918 Cr | 15.76 | 2.25 | 13.79% | 13.89% |
| Gallantt Ispat Limited | ₹12,900 Cr | 31.65 | 3.7 | 11.69% | 8.92% |
| Sunflag Iron & Steel Company Ltd. | ₹6,920 Cr | 32.57 | 0.81 | 2.28% | 5.15% |
| Mishra Dhatu Nigam Ltd. | ₹6,779 Cr | 50.26 | 4.42 | 8.58% | 10.88% |
| Aeroflex Industries Ltd. | ₹5,842 Cr | 87.08 | 13.06 | 12.41% | 13.35% |
| Man Industries (India) Ltd. | ₹5,795 Cr | 28.36 | 2.79 | 8.17% | 5.27% |
| Technocraft Industries (India) Ltd. | ₹5,703 Cr | 16.79 | 2.82 | 14.11% | 11.59% |
| Vardhman Special Steels Ltd.(this company) | ₹3,293 Cr | 35.78 | 2.78 | 11.67% | 5.28% |
AI analysis
AI-generated · google/gemini-2.5-flashVardhman 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: 2026-10-26 · financials: Jun 26 · shareholding: Sep 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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