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Industrials · Iron & Steel Products

Vardhman Special Steels Ltd (VSSL)

₹386.10

Mkt cap
₹3,914 Cr
P/E ratio
27.30
P/B
2.93
Div yield
0.86%
ROE
11.60%
ROCE
15.30%
EPS (TTM)
₹14.14
Book value
₹132
52W range
206–428
Sector
Industrials

Price history

Previous close

Vardhman Special Steels is engaged in manufacturing of Billets, Steel bars & Rods and Bright Bars of various categories of special and alloy steels.

NSE VSSLBSE 534392
Health check
Constructive
ValuationFair
ProfitabilityAverage
GrowthModerate
TechnicalsBullish
52-week range
−9.84% from high
₹386
₹206+87.06% from low₹428
Current
₹386.10
Prev close
₹383.30
Day
+0.73%
Price performance
1D
+0.18%
1W
−6.68%
1M
+6.05%
3M
+41.25%
6M
+71.52%
1Y
+43.07%
YTD
+34.62%

Financials

Revenue, profit & margin
P/E ratio
27.3×
VSSL is 22% above the sector median of 22.4×
VSSL27.3×
Sector median22.4×
 Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Trend
Sales409415397439415495427428434432431458486
Expenses380384364391372456392397402387387412428
Operating Profit29313349423935313245434658
OPM %7%8%8%11%10%8%8%7%7%10%10%10%12%
Other Income76896977811131010
Interest4555555342433
Depreciation77798888988810
Profit before tax25252944353528272746454655
Tax %26%26%25%25%26%26%25%27%26%26%25%26%26%
Net Profit19182233262621202035343441
EPS in Rs2.292.272.684.033.203.172.632.412.433.583.483.514.26
Raw PDF

Earnings

Results dates & reactions
No upcoming results date on calendar.

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

No reaction history yet.
No quarterly filings ingested yet.

Corporate actions

Last 6 months

No recent corporate actions

Dividends, splits, and bonuses in the last six months show up here.

Shareholding

as of Jun 2026
51.06%Promoter
Promoters51.06%
FIIs0.55%
DIIs3.27%0.07
Public45.12%0.08
Ownership trend

Peers

8 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Welspun Corp₹2,660.1030.3970,1710.19%1,048+198.64%4,081+14.91%22.89%
APL Apollo Tubes₹2,270.1051.2863,0310.37%263+10.94%5,607+8.45%31.75%
Shyam Metalics₹1,100.0027.3430,7050.41%351+18.11%5,455+23.45%13.01%
Ratnamani Metals₹2,859.1045.6720,0400.35%107−37.67%972−15.63%17.91%
Jindal Saw₹289.5028.3318,5140.69%91−75.43%4,452+9.00%10.43%
Godawari Power₹233.4719.1815,7180.43%222+2.68%1,750+32.29%20.53%
Usha Martin₹507.2028.3615,4570.74%142+40.67%1,033+16.44%19.47%
Vardhman Special₹404.7027.313,9140.86%41+106.98%486+12.06%15.28%
Median: 87 Co.₹158.0522.391,0880.00%15+28.27%221+16.44%13.33%

Filings

Annual reports15
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017Annual Report 2016Annual Report 2015Annual Report 2014Annual Report 2013Annual Report 2012
Concall transcripts71
PPTJan 2022TranscriptJul 2026PPTJul 2026RECJul 2026TranscriptMay 2026PPTMay 2026TranscriptJan 2026PPTJan 2026RECJan 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptApr 2025PPTApr 2025RECApr 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024TranscriptJul 2024PPTJul 2024
Credit ratings6
Rating update 30 AprcrisilRating update 2 May 2025crisilRating update 13 Nov 2024crisilRating update 28 Nov 2023crisilRating update 16 Nov 2023crisilRating update 23 Nov 2022crisil
Announcements5
Shareholder Meeting / Postal Ballot-Outcome of AGM 18 SepShareholder Meeting / Postal Ballot-Scrutinizer''s Report 18 Sep - 16th AGM scrutinizer report: all 7 resolutions passed on 18 Sep 2026, including dividend and director reappointments.Shareholder Meeting / Postal Ballot-Outcome of AGM 18 SepOutcome Of Analysts/Investors Meet 9 Sep - Senior management met investors on 9 Sept 2026 in Ludhiana; plant visit conducted, no UPSI shared.Demat Report For The Month Ended August, 2026. 9 Sep