Vraj Iron & Steel Ltd
Incorporated in June 2004, Vraj Iron and Steel Limited manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand -''Vraj''[1]
- Market Cap ₹ 397 Cr.
- Current Price ₹ 120
- High / Low ₹ 198 / 116
- Stock P/E 12.4
- Book Value ₹ 121
- Dividend Yield 0.00 %
- ROCE 18.4 %
- ROE 14.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.01 times its book value
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Ferrous Metals Sponge Iron
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 284 | 402 | 516 | 420 | 475 | 544 | |
| 256 | 354 | 438 | 343 | 412 | 490 | |
| Operating Profit | 28 | 48 | 77 | 77 | 63 | 54 |
| OPM % | 10% | 12% | 15% | 18% | 13% | 10% |
| 0 | 0 | 2 | 4 | 4 | 6 | |
| Interest | 6 | 4 | 3 | 3 | 2 | 1 |
| Depreciation | 7 | 7 | 6 | 6 | 8 | 16 |
| Profit before tax | 15 | 37 | 69 | 73 | 57 | 43 |
| Tax % | 33% | 26% | 26% | 25% | 26% | |
| 10 | 28 | 51 | 54 | 42 | 32 | |
| EPS in Rs | 19.68 | 55.62 | 103.37 | 21.89 | 12.68 | 9.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | -28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 25 | 33 | 33 |
| Reserves | 51 | 78 | 130 | 164 | 351 | 367 |
| 46 | 43 | 25 | 63 | 2 | 27 | |
| 22 | 20 | 26 | 17 | 18 | 25 | |
| Total Liabilities | 123 | 146 | 186 | 269 | 405 | 451 |
| 62 | 56 | 53 | 48 | 195 | 189 | |
| CWIP | 0 | 0 | 0 | 64 | 3 | 31 |
| Investments | 11 | 11 | 12 | 11 | 25 | 26 |
| 50 | 78 | 120 | 146 | 181 | 204 | |
| Total Assets | 123 | 146 | 186 | 269 | 405 | 451 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 24 | 7 | 63 | 19 | 14 | |
| -6 | -1 | -40 | -56 | -103 | |
| -16 | -6 | -23 | 36 | 90 | |
| Net Cash Flow | 2 | 1 | -0 | -0 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 9 | 11 | 9 | 10 | 16 |
| Inventory Days | 39 | 39 | 30 | 54 | 54 |
| Days Payable | 21 | 10 | 13 | 13 | 9 |
| Cash Conversion Cycle | 27 | 40 | 26 | 51 | 62 |
| Working Capital Days | 5 | 24 | 44 | 40 | 66 |
| ROCE % | 37% | 51% | 37% | 18% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - Certificate under Regulation 74 (5) of SEBI DP Regulations 2018, received from RTA for the quarter ended December 31, 2025.
-
Announcement under Regulation 30 (LODR)-Credit Rating
2 Jan - CARE reaffirms A- (LT) for Rs40cr and A- (LT)/A2+ (ST) for Rs30cr on Jan 2, 2026.
- Closure of Trading Window 27 Dec
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
20 Dec 2025 - Corporate guarantee to associate Vraj Metaliks increased from Rs.25 crore to Rs.35 crore in favour of HDFC Bank.
-
Announcement Under Regulation 30
18 Dec 2025 - Company commissioned 15 MWp solar plant at Mohbhattha, Bemetara; generation expected from 18/12/2025.
History[1] Vraj Iron and Steel Limited (formerly Phil Ispat Pvt Ltd) is a subsidiary of Gopal Sponge and Power Private Limited (GSPPL), involved in steel and power. In FY12, GSPPL acquired 74% stake in Phil Ispat, incorporated in 2004, and renamed it Vraj Iron and Steel Limited (VISL) in November 2023.