Vraj Iron & Steel Ltd

₹ 125 -1.35%

28 Aug - close price

About

Incorporated in June 2004, Vraj Iron and Steel Limited manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand -''Vraj''^[1]

Key Points

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.

Website BSE NSE

Market Cap ₹ 414 Cr.
Current Price ₹ 125
High / Low ₹ 160 / 93.0
Stock P/E 13.0
Book Value ₹ 126
Dividend Yield 0.00 %
ROCE 10.2 %
ROE 7.39 %
Face Value ₹ 10.0

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Pros

Stock is trading at 1.00 times its book value

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 Commodities

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	105.68	115.04	80.60	118.54	114.60	87.55	119.88	153.01	138.31	132.98	146.43	170.21	193.83
	83.91	88.99	69.86	100.62	93.52	73.97	108.69	136.64	125.08	119.57	141.26	145.30	173.96
Operating Profit	21.77	26.05	10.74	17.92	21.08	13.58	11.19	16.37	13.23	13.41	5.17	24.91	19.87
OPM %	20.60%	22.64%	13.33%	15.12%	18.39%	15.51%	9.33%	10.70%	9.57%	10.08%	3.53%	14.63%	10.25%
	1.04	1.18	1.27	0.93	0.47	1.19	1.10	1.07	2.03	2.00	2.20	2.45	1.59
Interest	0.60	0.64	0.71	0.49	0.50	0.34	0.39	0.32	0.24	0.38	0.68	0.82	0.99
Depreciation	1.45	1.45	1.48	1.46	1.30	1.39	1.57	3.68	5.22	5.24	5.44	6.96	7.46
Profit before tax	20.76	25.14	9.82	16.90	19.75	13.04	10.33	13.44	9.80	9.79	1.25	19.58	13.01
Tax %	25.82%	24.94%	26.07%	25.38%	25.16%	25.92%	27.49%	26.34%	25.20%	26.66%	20.00%	28.40%	25.21%
	15.40	18.86	7.26	12.60	14.78	9.66	7.50	9.90	7.33	7.18	1.00	14.02	9.73
EPS in Rs	31.15	7.63	2.94	5.10	5.98	2.93	2.27	3.00	2.22	2.18	0.30	4.25	2.95
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	284	402	516	420	475	588	643
	256	354	438	343	412	530	580
Operating Profit	28	48	77	77	63	57	63
OPM %	10%	12%	15%	18%	13%	10%	10%
	0	0	2	4	4	9	8
Interest	6	4	3	3	2	3	3
Depreciation	7	7	6	6	8	23	25
Profit before tax	15	37	69	73	57	40	44
Tax %	33%	26%	26%	25%	26%	27%
	10	28	51	54	42	30	32
EPS in Rs	19.68	55.62	103.37	21.89	12.68	8.95	9.68
Dividend Payout %	-0%	-0%	-0%	-0%	-0%	-0%

Compounded Sales Growth
10 Years:	%
5 Years:	16%
3 Years:	4%
TTM:	29%

Compounded Profit Growth
10 Years:	%
5 Years:	25%
3 Years:	-17%
TTM:	-7%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-15%

Return on Equity
10 Years:	%
5 Years:	20%
3 Years:	15%
Last Year:	7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	25	33	33
Reserves	51	78	130	164	351	382
	46	43	25	63	2	43
	22	20	26	17	18	23
Total Liabilities	123	146	186	269	405	480
	62	56	53	48	195	273
CWIP	-0	-0	0	64	3	8
Investments	11	11	12	11	25	26
	50	78	120	146	181	174
Total Assets	123	146	186	269	405	480

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	24	7	63	19	14	31
	-6	-1	-40	-56	-103	-70
	-16	-6	-23	36	90	38
Net Cash Flow	2	1	-0	-0	1	-1
Free Cash Flow	20	6	61	-45	-81	-74
CFO/OP	86%	15%	104%	52%	43%	68%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	9	11	9	10	16	20
Inventory Days	39	39	30	54	54	54
Days Payable	21	10	13	13	9	9
Cash Conversion Cycle	27	40	26	51	62	66
Working Capital Days	5	24	44	40	66	74
ROCE %		37%	51%	37%	18%	10%

Insights

In beta

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

MS Billets Capacity Utilization
%

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx

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MS Billets Installed Capacity
MTPA

Sponge Iron Capacity Utilization
%

Sponge Iron Installed Capacity
MTPA

Sponge Iron Sales Volume
MT

TMT Bars Capacity Utilization
%

TMT Bars Installed Capacity
MTPA

TMT Bars Sales Volume
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%
	0.94%	0.51%	0.53%	0.51%	0.23%	0.22%	0.18%	0.19%
	3.66%	3.66%	3.66%	3.66%	3.66%	3.66%	3.66%	3.69%
	20.45%	20.88%	20.86%	20.87%	21.16%	21.16%	21.21%	21.16%
No. of Shareholders	39,880	41,020	40,080	39,424	38,258	36,786	35,095	34,320

	Mar 2025	Mar 2026	Jun 2026
	74.96%	74.96%	74.96%
	0.53%	0.18%	0.19%
	3.66%	3.66%	3.69%
	20.86%	21.21%	21.16%
No. of Shareholders	40,080	35,095	34,320

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Vraj Iron & Steel Ltd

Vraj Iron & Steel Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings