Vardhman Special Steels Ltd - Stock Valuation and Financial Performance

BSE: 534392 | NSE: VSSL | Steel & Iron Products | Small Cap

Vardhman Special Share Price

212 -4.35 -2.01%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Vardhman Special

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Vardhman Special Steels stock performance -

mw4me loader
P/E Ratio (SA):
23.83
Market Cap:
1,727.8 Cr.
52-wk low:
171
52-wk high:
252

Is Vardhman Special Steels Ltd an attractive stock to invest in?

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

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

2. Is Vardhman Special Steels Ltd undervalued or overvalued?

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.

3. Is Vardhman Special Steels Ltd a good buy now?

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.

10 Year X-Ray of Vardhman Special:

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vardhman Special Steels Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0.1%0.1%5.4%8.4%7.7%6.3%3%9%16.6%14.6%-
Value Creation
Index
-1.0-1.0-0.6-0.4-0.5-0.6-0.8-0.40.20.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3716626536748591,1218469371,3681,7351,644
Sales YoY Gr.-78.5%-1.3%3.2%27.5%30.5%-24.5%10.7%46%26.8%-
Adj EPS -1.7-2.72.44.63.83.20.35.612.5128.9
YoY Gr.-NANA94.1%-18.1%-13.6%-89.8%1606.1%121.9%-4%-
BVPS (₹) 36.433.335.138.947.550.551.156.668.378.984.1
Adj Net
Profit
-8.6-13.81223.426.823.22.645.610197.472
Cash Flow from Ops. -35.9-32.846.46811.2-18.913567.358.973.6-
Debt/CF from Ops. -8.2-10.77.34.620.4-17.722.82.71.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.7%15.1%27%26.8%
Adj EPS NA26.2%231.2%-4%
BVPS9%10.7%15.6%15.4%
Share Price 41% 34.2% 44.6% 5.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-4.5-7.86.912.4106.60.710.42016.310.9
Op. Profit
Mgn %
-51.32.88.110.17.86.24.811.312.48.17.2
Net Profit
Mgn %
-2.3-2.11.83.53.12.10.34.97.45.64.4
Debt to
Equity
1.62.11.91.60.70.90.60.40.30.2-
Working Cap
Days
24015417116515916422017814915076
Cash Conv.
Cycle
176111124124116106127104878439

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.04%

Net Profit is growing at healthy rate in last 3 years 231.21%

Return on Equity has declined versus last 3 years average to 10.90%

Sales growth is not so good in last 4 quarters at 0.76%

Latest Financials - Vardhman Special Steels Ltd.

Standalone Consolidated
TTM EPS (₹) 8.9 -
TTM Sales (₹ Cr.) 1,644 -
BVPS (₹.) 84.1 -
Reserves (₹ Cr.) 604 -
P/BV 2.52 -
PE 23.83 -
From the Market
52 Week Low / High (₹) 171.00 / 252.00
All Time Low / High (₹) 4.24 / 252.00
Market Cap (₹ Cr.) 1,728
Equity (₹ Cr.) 81.5
Face Value (₹) 10
Industry PE 25.1

Management X-Ray of Vardhman Special:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vardhman Special

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3716626536748591,1218469371,3681,735
Operating Expenses 5756506116147971,0538068341,1991,594
Manufacturing Costs142174182179236288183209274345
Material Costs3814133553534706725385257971,109
Employee Cost 21283440475148608190
Other Costs 31354042454237404850
Operating Profit -205124260626840103169141
Operating Profit Margin (%) -55.2%1.7%6.4%8.9%7.2%6.1%4.7%11.0%12.3%8.1%
Other Income 209736629133439
Interest 12202328212426201718
Depreciation 6141718222426302728
Exceptional Items 0000000000
Profit Before Tax -13-154192522-266158134
Tax -400000-6225834
Profit After Tax -9-154192522344101100
PAT Margin (%) -2.5%-2.3%0.6%2.8%2.9%2.0%0.4%4.7%7.4%5.8%
Adjusted EPS (₹)-1.9-3.00.83.83.53.10.45.512.412.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%14%14%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 186170179198339361413459554641
Share Capital 19191919363640414141
Reserves 167151161180303326373418514600
Minority Interest0000000000
Debt295344296254220322256170130122
Long Term Debt1001041291151011351081107944
Short Term Debt195239167139118187149605178
Trade Payables425241356116362130147186
Others Liabilities 42509812677473865143174
Total Liabilities 5646156146136968947698249751,123

Fixed Assets

Gross Block262296331362305360416417450482
Accumulated Depreciation526681985680106134160188
Net Fixed Assets210230251265250280310283289294
CWIP 30212173312131312
Investments 321415180501520
Inventories119133107118159313152192304363
Trade Receivables123179194189195187180224222262
Cash Equivalents 14946702521610
Others Assets36294233718110860115163
Total Assets 5646156146136968947698249751,123

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -36-33466811-19135675974
PBT -13-154192522-266158134
Adjustment 10324045455046503843
Changes in Working Capital -32-4924-59-8592-40-115-66
Tax Paid 00000-6-1-10-22-38
Cash Flow From Investing Activity 52-4-16-16-16-70-887-9-15
Capex -53-28-20-32-12-79-35-9-35-28
Net Investments 10023315-58-545-15-4
Others 6211111114118
Cash Flow From Financing Activity -3331-35-50782-45-74-52-49
Net Proceeds from Shares 0000116049100
Net Proceeds from Borrowing 00597-6837-3113-20-45
Interest Paid -13-20-23-29-21-24-25-19-17-18
Dividend Paid 00000000-6-14
Others -1951-72-28-2068-38-69-927
Net Cash Flow -16-5-522-720-29
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-4.94-8.512.4210.159.336.340.8610.1419.8916.81
ROCE (%)-0.261.025.259.28.67.253.4112.9725.7420.25
Asset Turnover Ratio0.711.251.191.231.341.411.021.181.521.65
PAT to CFO Conversion(x)N/AN/A11.53.580.44-0.86451.520.580.74
Working Capital Days
Receivable Days100759392806279796051
Inventory Days1046360545777100676670
Payable Days36414839376176676455

Vardhman Special Steels Ltd Stock News

Vardhman Special Steels Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vardhman Special on 28-Mar-2024 16:01 is ₹212.0.
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 28-Mar-2024 16:01 the market cap of Vardhman Special stood at ₹1,727.8.
The latest P/E ratio of Vardhman Special as of 28-Mar-2024 16:01 is 23.83.
The latest P/B ratio of Vardhman Special as of 28-Mar-2024 16:01 is 2.52.
The 52-week high of Vardhman Special is ₹252.0 and the 52-week low is ₹171.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vardhman Special is ₹1,644 ( Cr.) .

About Vardhman Special Steels Ltd

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