VSSLVardhman Special Steels Limited

Rs 343.75▲ +1.34%
Market closedEquity EOD 26 Oct
Compare
52-week rangeThe lowest and highest prices the stock traded at over the last year, from each day's intraday low and high. The marker is today's close: 0% means it sits at the year's low, 100% at the high. It describes where the price is, not where it is going.61.9% up the range
Rs 206Rs 428
VSSL price
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EOD 26 Oct
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At a glance
Each figure is shown against the company's sector (the track: the dot is this company, the tick is the sector middle) and, where we hold the yearly filings, against its own recent years (the small trend line).
Market capWhat the whole company is worth on the stock market today: share price times the number of shares. It measures size, not quality.
Rs 3,324 cr
Larger than 67% of 57 peers
sector middle Rs 1,335 cr
P/EPrice to earnings: how many rupees investors pay for each rupee of profit the company made over the last twelve months. Compare it with similar companies rather than reading it alone.
23.2x
Higher than 57% of 53 peers
sector middle 17.9x
Price to bookPrice to book: the share price divided by the shareholders' money per share in the latest balance sheet. Around 1 means the market values the company close to its book value.
2.6x
Higher than 62% of 55 peers
sector middle 1.6x
ROEReturn on equity: the year's profit as a percentage of the shareholders' money in the business. It shows how much the company earns on what its owners have put in.
11.2%
Around the middle of 54 peers
sector middle 10.3%
FY23 15.6%FY26 9.6%
ROCEReturn on capital employed: operating profit as a percentage of all the long-term money in the business, owners' and lenders'. It shows how well the company uses its capital, whatever the mix of debt.
13.5%
Around the middle of 54 peers
sector middle 16.1%
FY23 21.4%FY26 13.5%
Debt to equityBorrowings divided by shareholders' money. 0 means no borrowings; 1 means it owes as much as its owners have put in. Not shown for banks and lenders, whose borrowing is their business.
0.07
Lower than 74% of 54 peers
sector middle 0.28
FY23 0.22FY26 0.07
Dividend yieldDividends paid over the last year as a percentage of the company's market value: roughly what Rs 100 of shares paid out in cash.
0.9%
Higher than 81% of 57 peers
sector middle 0.1%
Sales growthHow much the latest quarter's sales grew against the same quarter a year earlier.
+12.1%
Lower than 56% of 52 peers
sector middle +15.4%
FY23 26.8%FY26 -0.6%

Peers are the listed companies in the exchange's own industry group: Iron & Steel Products. Balance-sheet figures are from the latest filed balance sheet; trends show each financial year we hold.

What the numbers say
Short lines written by fixed rules from the company's own filings and shareholding. A line appears only when the figures cross the rule (for example sales growing three years running), and each names the numbers behind it. Nothing here is a view on whether to own the share.

Latest quarterIn the quarter to June 2026 (results filed 22 Jul 2026), sales rose 12.1% from a year earlier to Rs 486 cr and profit rose 107.0% to Rs 41.2 cr.

Nothing in the filings we hold crosses one of our rules yet. Each rule needs a few complete years of results, so recently listed companies often show nothing here.

Each line is written by a fixed rule from the company's own filings and share price, and names the figures it uses. It describes what happened; it is not advice about the share.

How the share moved on results
For each quarterly result we hold: the change from the share's close on the last trading day before the filing to its close on the first trading day after it. Results can land during market hours or after the close, and this window covers both. It shows what happened, not what will happen next time.

Over the last 19 results, the share rose on 8 and fell on 11, and moved by 3% or more on 11.

Q4 FY22Q4 FY23Q4 FY24Q4 FY25Q1 FY27

Q1 FY27: results filed 22 Jul 2026. The share went from its close on 21 Jul 2026 to its close on 23 Jul 2026 -1.86%.

Where every Rs 100 of sales goes
From the company's own yearly results. Each year is scaled to that year's sales, so you compare shares, not size: how much went on running costs, depreciation, interest and tax, and how much was left as profit.
5 financial years
Sales, last 12 months
Rs 1,807 Cr
Profit, last 12 months
Rs 143 Cr
Earnings per share
Rs 14.8
Profit growth (qtr, YoY)
+107.01%

Of every Rs 100 of sales in FY26, Rs 91 went on running costs, Rs 1.9 on depreciation, Rs 0.7 on interest and Rs 2.4 on tax; Rs 7.0 was left as profit.

FY22
87
7.4
FY23
92
FY24
91
FY25
92
FY26
91
Sales (Rs 100)Other incomeRunning costsDepreciationInterestTaxProfit

Thin bar: money in (sales plus other income). Thick bar: where it went. Each year is scaled to its own sales, so the bars compare shares, not size.

How fast it has grown
Compound growth per year in sales, profit and earnings per share between financial years, from the company's own results. A span appears only if our filings cover both ends of it.
Sales
3 yrs
+0.4%/yr
Latest qtr
+12.1%
Profit
3 yrs
+6.7%/yr
Latest qtr
+107.0%

Per year, compounded, between financial years FY26 and the year named; only spans our filings cover. The faint bar is the latest quarter against the same quarter a year earlier. Earnings per share is not shown: filed figures are not adjusted for bonus issues and splits, so its growth would mislead.

Health check, year by year
Margins, returns, debt and interest cover for each financial year. Each row is coloured against this company's own usual level, so you see what is improving and what is slipping.
MeasureFY22FY23FY24FY25FY26
Sales growthSales against the previous financial year.-26.8%-4.2%6.2%-0.6%
Operating marginProfit from operations, before depreciation, interest and tax, per Rs 100 of sales.12.7%8.1%8.6%8.4%9.5%
Net marginProfit after everything, per Rs 100 of sales.7.4%5.8%5.5%5.3%7.0%
ROEProfit as a percentage of shareholders' money (from the March balance sheet).-15.6%12.7%11.7%9.6%
ROCEOperating profit as a percentage of all long-term capital, owners' and lenders'.-21.4%18.7%17.5%13.5%
Debt to equityBorrowings divided by shareholders' money. Lower is safer.-0.22x0.12x0.15x0.07x
Interest coverHow many times operating profit covers the interest bill. Higher is safer.10.2x8.6x7.7x7.7x14.8x

Each row is coloured against this company's own usual level, not against other companies: green is better than its middle year, red worse, plain is close to it. ROE, ROCE and debt rows start once the filings carry a full balance sheet (FY22 at the earliest).

What it owns, and how that is paid for
Straight from the March balance sheet in the company's annual filing. Both bars are the whole balance sheet: what the company owns, and where the money for it came from.
as at 2026-03-31

At FY26 it owned Rs 1,633 Cr of assets. Its owners funded 78% of that and borrowings 6%.

What it owns
37%
10%
21%
17%
11%
Plant, property and projects611 Cr
Goodwill and intangibles0 Cr
Investments158 Cr
Inventory350 Cr
Owed by customers278 Cr
Cash and bank59 Cr
Everything else177 Cr
How that is paid for
78%
11%
Shareholders1,277 Cr
Borrowings93 Cr
Owed to suppliers184 Cr
Other liabilities79 Cr
Cash and equivalents
Rs 6 Cr
Net debt
Rs -68 Cr
more cash than debt
Current ratio
2.90x
short-term assets per rupee due soon
Book value / share
Rs 132
Return on assets
8.8%
EV / EBITDA
15.6x

From the March balance sheet in the company's annual filing (2026-03-31). Each bar is the full balance sheet; "everything else" is what the filed total leaves after the named lines.

Where the cash went
Profit is an accounting figure; cash flow is what actually moved. Cash from running the business, plus or minus what was spent on or received from investments, plus or minus what came from or went to lenders and shareholders, equals the change in cash.

In FY26 the business itself brought in Rs 106 Cr, spent Rs 243 Cr on plant and equipment, and cash fell by Rs 4 Cr over the year.

From running the business
+106 Cr
Spent on or received from investing
-427 Cr
From or to lenders and shareholders
+317 Cr
Net change in cash
-4 Cr
Cash from operations for every Rs 100 of profit
Rs 73
FY23
Rs 155
FY24
Rs 136
FY25
Rs 87
FY26

Rs 100 or more means every rupee of reported profit arrived as cash.

Full financial year to 2026-03-31, from the company's cash flow statement.

Against its sector
Where this stock sits within its own sector on each measure. The marker is its position in the peer group and the notch is the sector median. A position is a fact about the cohort, not a view on the stock.
Iron & Steel Products · 83
P/E23.18vs 17.86 median
Cheapest: TEMBO 1.08Priciest: MAHASTEEL 244.99
Net margin7.93%vs 5.54% median
Lowest: ELECTHERM -0.97%Highest: RHETAN 54.11%
Revenue growth12.06%vs 15.44% median
Lowest: SHAHALLOYS -100%Highest: SHAH 97.93%

Median rather than average, so one loss-making or one very expensive peer cannot drag the reference. Valuation is shown without a colour verdict: a higher multiple can mean expensive, or faster growth expected, and only you can decide which.

Peers side by side
Every company in the same NSE industry group that we hold figures for, largest first. Tap any heading to sort by it. The same figures as the At a glance tiles, worked out the same way for every company.
Iron & Steel Products · 40 shown
Company
WELCORP
Welspun Corp Limited
61,798 cr26.8x6.8x24.7%16.7%0.2313.4%+14.9%0.21%
APLAPOLLO
APL Apollo Tubes Limited
57,703 cr46.9x10.9x23.2%28.2%0.095.4%+8.4%0.28%
SHYAMMETL
Shyam Metalics and Energy Limited
31,351 cr28.1x2.7x9.1%12.9%0.085.7%+23.4%0.36%
RATNAMANI
Ratnamani Metals & Tubes Limited
16,345 cr37.8x4.0x12.2%16.3%0.0711.9%-15.6%0.60%
JINDALSAW
Jindal Saw Limited
14,824 cr27.0x1.2x4.0%-0.342.7%+5.6%0.86%
USHAMART
Usha Martin Limited
14,192 cr27.9x4.3x15.4%18.2%0.0413.2%+16.4%0.64%
GALLANTT
Gallantt Ispat Limited
12,989 cr37.4x3.7x11.7%-0.178.9%+13.2%0.07%
JAYNECOIND
Jayaswal Neco Industries Limited
8,607 cr15.3x3.0x19.9%24.2%0.747.4%+27.7%0.00%
MAHSEAMLES
Maharashtra Seamless Limited
7,148 cr9.7x1.0x10.7%13.0%0.0015.9%-4.7%1.87%
SUNFLAG
Sunflag Iron And Steel Company Limited
6,986 cr33.9x0.8x2.3%3.7%0.055.2%+6.5%0.19%
AEROFLEX
Aeroflex Industries Limited
5,899 cr86.4x13.2x15.0%16.5%0.0013.3%+72.4%0.07%
MANINDS
Man Industries (India) Limited
5,879 cr28.8x2.8x9.8%16.1%0.245.3%+41.9%0.00%
TIIL
Technocraft Industries (India) Limited
5,756 cr17.0x2.9x16.9%19.3%0.4011.9%+27.2%0.79%
SBCL
Shivalik Bimetal Controls Limited
5,275 cr49.7x11.0x22.0%25.0%0.1217.2%-0.38%
SAMBHV
Sambhv Steel Tubes Limited
4,650 cr28.2x4.4x15.6%17.5%0.356.4%+31.1%0.00%
SURYAROSNI
Surya Roshni Limited
4,346 cr13.9x1.6x11.8%15.0%0.023.9%+27.5%2.75%
ELECTCAST
Electrosteel Castings Limited
4,075 cr33.6x0.7x2.0%5.1%0.262.1%-8.5%2.12%
KSL
Kalyani Steels Limited
3,800 cr14.3x1.8x12.6%16.2%0.2314.2%+4.9%1.15%
VENUSPIPES
Venus Pipes & Tubes Limited
3,540 cr34.0x5.3x15.5%22.8%0.438.6%+16.0%0.06%
VSSL
Vardhman Special Steels Limited
3,324 cr23.2x2.6x11.2%13.5%0.077.9%+12.1%0.87%
KIRLOSIND
Kirloskar Industries Limited
3,232 cr14.9x0.5x4.1%--4.8%+4.3%1.93%
JTLIND
JTL INDUSTRIES LIMITED
2,803 cr23.1x1.9x8.0%9.1%0.165.3%+32.7%0.09%
MAHASTEEL
Mahamaya Steel Industries Limited
2,452 cr245.0x15.4x6.3%9.9%0.371.1%+29.3%0.00%
GPIL
Godawari Power And Ispat limited
2,338 cr15.0x0.4x13.8%17.9%0.0713.9%+32.3%2.72%
RATNAVEER
Ratnaveer Precision Engineering Limited
2,268 cr38.5x3.4x10.1%13.3%0.506.0%+18.9%0.00%
MUKANDLTD
Mukand Limited
2,111 cr3.3x1.4x41.5%35.6%1.1112.3%+20.7%1.36%
GOODLUCK
Goodluck India Limited
1,761 cr8.5x1.2x13.7%19.4%0.734.8%+30.9%1.28%
MSPL
MSP Steel & Power Limited
1,678 cr51.9x1.6x3.7%2.3%0.301.3%+16.3%0.00%
RSL
Rajputana Stainless Limited
1,375 cr-3.8x-23.0%0.18--0.00%
AEROENTER
Aeroflex Enterprises Limited
1,335 cr8.9x1.6x18.1%11.7%0.0423.1%+40.5%0.47%
MANAKCOAT
Manaksia Coated Metals & Industries Limited
1,280 cr29.1x3.7x11.7%18.7%0.334.5%+4.9%0.00%
HITECH
Hi-Tech Pipes Limited
1,278 cr13.6x1.0x5.7%10.2%0.201.6%+78.5%0.04%
STEELXIND
STEEL EXCHANGE INDIA LIMITED
1,223 cr36.9x1.6x4.1%10.4%0.543.1%-10.1%0.00%
RHETAN
Rhetan TMT Limited
1,130 cr54.5x10.4x11.7%10.7%0.3854.1%-0.00%
GANDHITUBE
Gandhi Special Tubes Limited
1,014 cr13.6x3.2x23.6%28.0%0.0037.2%+18.9%1.80%
BHARATWIRE
Bharat Wire Ropes Limited
980 cr15.9x1.2x8.5%11.7%0.0911.9%-8.0%0.00%
HARIOMPIPE
Hariom Pipe Industries Limited
955 cr13.9x1.5x10.6%18.8%0.624.2%-6.9%0.20%
KAMDHENU
Kamdhenu Limited
927 cr11.0x2.3x21.6%25.6%0.0011.0%+9.0%0.76%
BANSALWIRE
Bansal Wire Industries Limited
906 cr6.4x0.6x9.9%16.2%0.393.2%+24.4%0.00%
ELECTHERM
Electrotherm (India) Limited
793 cr--23.7%-0.8%--1.0%+9.5%0.00%

Swipe the table sideways for more columns. Tap a heading to sort. A dash means the figure is not filed or cannot be worked out for that company. A bigger cohort is cut to its 40 largest companies.

The business
Sales and net profit from the company's own filings, by financial year or by quarter. Hover any bar for that period's complete figures including operating margin and the change against the comparable earlier period. The single TTM figure above is the sum of the last four quarters.
5 years · 20 quarters
Full financial years - the long arc of the business.
Sales growth
+0.4%
a year, 3 years
Profit growth
+6.7%
a year, 3 years
Operating margin
9.5%
latest year
Sales by financial yearRs 1,754 Cr
Net profit by financial yearRs 122 Cr
FY225 full years · hover a yearFY26

Operating margin has gone from 12.7% to 9.5% over these years - the share of every rupee of sales kept after running costs, before interest and tax. Full financial years only, so a part-year is never shown as a whole one. Hover any year for its complete figures.

Dividends paid
Cash paid per share, from the exchange's corporate-action record, restated to today's share count across bonuses and splits. Dates shown are ex-dates: you must own the shares before that date to receive the payment.
1.02% yield
Rs 1,020 / year
Paid 6 of 6 yrs
on Rs 1 lakh at today's price · 1.02% yield · Rs 3.5/share
What each year paid, on Rs 1 lakh
218
509
582
582
873
1,018
21
22
23
24
25
26*
* 2026 so far - more may still be declared this year

2026 has paid Rs 3.50 per share, about Rs 1,018 on Rs 1 lakh at today's price. Earlier years are restated to today's share count, so a bonus or split never reads as a dividend cut. Dividends are at the company's discretion and can be cut or skipped.

Technical snapshot
Momentum, trend and delivery-based conviction from the actual price and volume history.
EOD 26 Oct
RSI (14) - momentum
35.8Neutral
0 oversold3070overbought 100
Delivery % - genuine buying vs churn
52%Near average
today 52%20d avg 49.1%

The share of traded quantity that was actually delivered (not squared off intraday) - high delivery vs its 20-session average suggests real buying or holding, not just churn.

vs 50-DMA
-8.06%
vs 200-DMA
+16.41%
1-month
-16.89%
3-month
+16.03%
1-year
+23.36%
Realized vol (30d)
41.8%
Insider trading disclosures
Promoter, director and other insider trades in the company's own shares, as disclosed to the exchange under SEBI's insider-trading regulations - usually within a few days of the transaction.
last 18 months

Insider trading data unavailable.

Recent announcements
The company's own filings to the exchange - results, board meetings, investor calls - with a link to the source document.
last 6 months

Announcements unavailable.

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Equity price, fundamentals and realized volatility are end-of-day / quarterly from real market data. The option chain (PCR, max pain, expected move, IV, OI) is live from the exchange during market hours; outside them it shows the last session's close. Shareholding, insider trades and announcements are the company's own exchange filings. Analysis only, not investment advice.