What is Vardhman Special Steels Ltd (VSSL) share price return in the past 10 years?

Vardhman Special Steels Ltd share price has appreciated 27.3% annually (CAGR) over the past ten years.

What is the share price of Vardhman Special Steels Ltd (VSSL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Vardhman Special Steels Ltd (VSSL) on 02-Jul-2026 16:59:59 at 16:59 is 276.90.

What is the P/E ratio of Vardhman Special Steels?

The latest standalone P/E ratio of Vardhman Special Steels as of 02-Jul-2026 is 21.94.

What is the P/B ratio of Vardhman Special Steels Ltd (VSSL)?

The latest standalone P/B ratio of Vardhman Special Steels Ltd (VSSL) as of 02-Jul-2026 is 2.10.

What is the 52-week high and low of Vardhman Special Steels Ltd (VSSL)?

The 52-week high of Vardhman Special Steels Ltd (VSSL) is Rs. 322.35 and the 52-week low is Rs. 205.65.

Vardhman Special Steels Ltd (VSSL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Vardhman Special Steels Ltd (VSSL)
Brand: Vardhman Special Steels

Vardhman Special Steels Ltd (VSSL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534392 NSE: VSSL Steel & Iron Products | Small Cap | Vardhman Spl. Steel Share Price

Vardhman Special Steels Ltd (VSSL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 534392 NSE: VSSL Steel & Iron Products | Small Cap | Vardhman Spl. Steel Share Price

Key Metrics

Valuation Multiples

Market Cap

₹2,678 Cr.

Current Price

₹276.9

52-Week Low / High

₹206 / 322

TTM EPS

₹12.6

TTM Sales

₹1,754 Cr.

Book Value per Share

₹132.1

P/E Ratio

21.94

Higher than its 5-year historical median

Industry PE

24.3

Price to Book (P/B)

2.10

Lower than its 5-year historical median

Price to Sales (P/S)

1.53

Higher than its 5-year historical median

EV/EBITDA

12.99

Higher than its 5-year historical median

Dividend Yield

1.08%

Profitability Efficiency

Return on Equity (ROE)

12.30%

Return on Capital Employed (ROCE)

16.71%

Return on Assets (ROA)

8.56%

Operating Profit Margin

8.4%

Net Profit Margin

5.28%

Gross Profit Margin

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

6.2%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

1.59%

Asset Quality

Promoter Holding

51.06%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹1,181 Cr.

Equity

₹96.7 Cr.

Face Value

₹10

All Time Low / High

₹4.24 / 345.25

Vardhman Special Steels stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Vardhman Special Steels Ltd a good quality company?

Vardhman Special Steels Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Vardhman Special Steels Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Vardhman Special Steels Ltd vs industry peers?

Vardhman Special Steels Ltd revenue CAGR is 15.83%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Vardhman Special Steels Ltd?

Promoters hold 51.06% of the Vardhman Special Steels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Vardhman Special Steels Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 29.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	5.3%	9.2%	8.6%	7.3%	3.4%	13%	25.7%	20.3%	17.8%	16.7%	-
Value Creation Index ⓘ	-0.6	-0.3	-0.4	-0.5	-0.8	-0.1	0.8	0.5	0.3	0.2	-
Growth Parameters ⓘ
Sales ⓘ	653	674	859	1,121	846	937	1,368	1,735	1,661	1,764	1,754
Sales YoY Gr.	-	3.2%	27.5%	30.5%	-24.5%	10.7%	46%	26.8%	-4.2%	6.2%	-
Adj EPS ⓘ	2.4	4.6	3.8	3.2	0.3	5.6	12.5	12	11.2	11.3	12.6
YoY Gr.	-	94.1%	-18.1%	-13.6%	-89.8%	1606.1%	121.9%	-4%	-7%	1.2%	-
BVPS (₹) ⓘ	35.1	38.9	47.5	50.5	51.1	56.6	68.3	78.9	88.1	97.4	132.1
Adj Net Profit ⓘ	12	23.4	26.8	23.2	2.6	45.6	101	97.4	90.8	92.2	122
Cash Flow from Ops. ⓘ	46.4	68	11.2	-18.9	135	67.3	58.9	73.6	142	127	-
Debt/CF from Ops. ⓘ	7.3	4.6	20.4	-17.7	2	2.8	2.7	1.9	0.6	0.9	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.7%	15.8%	8.8%	6.2%
Adj EPS ⓘ	19%	102.7%	-3.3%	1.2%
BVPSⓘ	12%	13.8%	12.5%	10.6%
Share Price	27.3%	17.7%	13%	6.2%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	6.9	12.4	10	6.6	0.7	10.4	20	16.3	13.3	12.2	11
Op. Profit Mgn % ⓘ	8.1	10.1	7.8	6.2	4.8	11.3	12.4	8.1	8.6	8.4	9.5
Net Profit Mgn % ⓘ	1.8	3.5	3.1	2.1	0.3	4.9	7.4	5.6	5.5	5.2	7
Debt to Equity ⓘ	1.9	1.6	0.7	0.9	0.6	0.4	0.3	0.2	0.1	0.2	0
Working Cap Days ⓘ	171	165	159	164	220	178	149	150	163	142	98
Cash Conv. Cycle ⓘ	124	124	116	106	127	104	87	84	93	91	64

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	653	674	859	1,121	846	937	1,368	1,735	1,661	1,764
Operating Expenses ⓘ +	611	614	797	1,053	806	834	1,199	1,594	1,519	1,616
Manufacturing Costs	182	179	236	288	183	209	274	345	361	374
Material Costs	355	353	470	672	538	525	797	1,109	1,012	1,083
Employee Cost	34	40	47	51	48	60	81	90	96	103
Other Costs ⓘ	40	42	45	42	37	40	48	50	50	56
Operating Profit ⓘ	42	60	62	68	40	103	169	141	142	148
Operating Profit Margin (%)	6.4%	8.9%	7.2%	6.1%	4.7%	11.0%	12.3%	8.1%	8.6%	8.4%
Other Income ⓘ +	3	6	6	2	9	13	34	39	30	29
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	23	28	21	24	26	20	17	18	18	19
Depreciation ⓘ	17	18	22	24	26	30	27	28	31	33
Profit Before Tax ⓘ	4	19	25	22	-2	66	158	134	123	125
Tax ⓘ	0	-0	0	-0	-6	22	58	34	31	32
Profit After Tax	4	19	25	22	3	44	101	100	92	93
PAT Margin (%)	0.7%	2.8%	2.9%	2.0%	0.4%	4.7%	7.4%	5.8%	5.5%	5.3%
Adjusted EPS (₹)	0.8	3.8	3.5	3.1	0.4	5.5	12.4	12.4	11.3	11.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	13.80%	14.10%	8.10%	17.80%	26.30%

Valuation of Vardhman Spl. Steel - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	179	198	339	361	413	459	554	641	718	796
Share Capital ⓘ	19	19	36	36	40	41	41	41	81	82
Reserves ⓘ	161	180	303	326	373	418	514	600	636	714
Debt +	296	254	220	322	256	170	130	122	60	109
Long Term Debt	129	115	101	135	108	110	79	44	14	3
Short Term Debt	167	139	118	187	149	60	51	78	46	106
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	41	35	61	163	62	130	147	186	174	139
Others Liabilities ⓘ	98	126	77	47	38	65	143	174	88	92
Total Liabilities ⓘ	614	613	696	894	769	824	975	1,123	1,040	1,136
Fixed Assets
Net Fixed Assets ⓘ +	251	265	250	280	310	283	289	294	325	309
Gross Block	331	362	305	360	416	417	450	482	542	559
Accumulated Depreciation	81	98	56	80	106	134	160	188	217	250
CWIP ⓘ	2	1	7	33	12	13	13	12	1	117
Investments ⓘ	15	1	8	0	5	0	15	20	0	18
Inventories	107	118	159	313	152	192	304	363	356	335
Trade Receivables	194	189	195	187	180	224	222	262	262	261
Cash Equivalents	4	6	7	0	2	52	16	10	8	11
Others Assets ⓘ	42	33	71	81	108	60	115	163	88	85
Total Assets ⓘ	614	613	696	894	769	824	975	1,123	1,040	1,136

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	46	68	11	-19	135	67	59	74	142	127
PBT ⓘ	4	19	25	22	-2	66	158	134	123	125
Adjustment ⓘ	40	45	45	50	46	50	38	43	48	49
Changes in Working Capital ⓘ	2	4	-59	-85	92	-40	-115	-66	3	-15
Tax Paid ⓘ	0	0	0	-6	-1	-10	-22	-38	-32	-33
Cash Flow From Investing Activity ⓘ +	-16	-16	-16	-70	-88	7	-9	-15	-50	-127
Capex	-20	-32	-12	-79	-35	-9	-35	-28	-67	-118
Net Investments	3	15	-5	8	-54	5	-15	-4	22	-16
Others ⓘ	1	1	1	1	1	11	41	18	-6	8
Cash Flow From Financing Activity ⓘ +	-35	-50	7	82	-45	-74	-52	-49	-94	3
Net Proceeds from Shares ⓘ	0	0	116	0	49	1	0	0	1	1
Net Proceeds from Borrowing ⓘ	59	7	-68	37	-31	13	-20	-45	-28	-23
Interest Paid ⓘ	-23	-29	-21	-24	-25	-19	-17	-18	-18	-18
Dividend Paid ⓘ	0	0	0	0	0	0	-6	-14	-16	-16
Others ⓘ	-72	-28	-20	68	-38	-69	-9	27	-33	60
Net Cash Flow ⓘ	-5	2	2	-7	2	0	-2	9	-2	3

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	2.42	10.15	9.33	6.34	0.86	10.14	19.89	16.81	13.49	12.3
ROCE (%)	5.25	9.2	8.6	7.25	3.41	12.97	25.74	20.25	17.8	16.71
Asset Turnover Ratio	1.19	1.23	1.34	1.41	1.02	1.18	1.52	1.65	1.54	1.63
PAT to CFO Conversion(x)	11.5	3.58	0.44	-0.86	45	1.52	0.58	0.74	1.54	1.37
Working Capital Days
Receivable Days	93.40	92.40	79.70	62.20	79.20	78.70	59.50	50.90	57.30	53.90
Inventory Days	60	54.20	57.50	76.80	100.30	67	66.20	70.20	78.60	71.20
Payable Days	47.60	39.30	37.10	60.90	76.40	66.70	63.60	54.80	65	52.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vardhman Special Steels Ltd FAQs

The current trading price of Vardhman Spl. Steel on 02-Jul-2026 16:59 is ₹276.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Vardhman Spl. Steel stood at ₹2,677.7 Cr

The latest P/E ratio of Vardhman Spl. Steel as of 01-Jul-2026 is 21.94.

The latest P/B ratio of Vardhman Spl. Steel as of 01-Jul-2026 is 2.10.

The 52-week high of Vardhman Spl. Steel is ₹322.4 and the 52-week low is ₹205.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vardhman Spl. Steel is ₹1,754 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vardhman Special Steels Ltd is a average quality company.

The key valuation ratios of Vardhman Special Steels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Vardhman Special Steels Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Vardhman Special Steels Ltd

No data to display

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Vardhman Special Steels Ltd (VSSL)

Vardhman Special Steels Ltd (VSSL)

Vardhman Special Steels stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Vardhman Spl. Steel - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vardhman Special Steels Ltd FAQs

What is the share price of Vardhman Spl. Steel?

What is the market cap of Vardhman Spl. Steel?

What is the P/E ratio of Vardhman Spl. Steel?

What is the P/B ratio of Vardhman Spl. Steel?

What is the 52-week high and low of Vardhman Spl. Steel?

What is the TTM revenue of Vardhman Spl. Steel?

Is Vardhman Special Steels Ltd a good quality company?

Is Vardhman Special Steels Ltd undervalued or overvalued?

Is Vardhman Special Steels Ltd a good buy now?

About Vardhman Special Steels Ltd

Create stable, long-term investment portfolio with strong, consistent stocks.

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.