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 ₹ 461 Cr.
- Current Price ₹ 140
- High / Low ₹ 256 / 132
- Stock P/E 13.7
- Book Value ₹ 125
- Dividend Yield 0.00 %
- ROCE 18.4 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.10 times its book value
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 291 | 414 | 516 | 420 | 475 | 544 | |
| 263 | 366 | 438 | 343 | 412 | 490 | |
| Operating Profit | 28 | 48 | 77 | 77 | 63 | 54 |
| OPM % | 10% | 12% | 15% | 18% | 13% | 10% |
| 2 | 2 | 5 | 8 | 6 | 8 | |
| Interest | 6 | 4 | 3 | 3 | 2 | 1 |
| Depreciation | 7 | 7 | 6 | 6 | 8 | 16 |
| Profit before tax | 16 | 39 | 72 | 76 | 59 | 45 |
| Tax % | 31% | 26% | 25% | 24% | 25% | |
| 11 | 29 | 54 | 57 | 44 | 34 | |
| EPS in Rs | 22.23 | 58.05 | 109.21 | 23.22 | 13.37 | 10.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | -29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 25 | 33 | 33 |
| Reserves | 52 | 82 | 136 | 176 | 364 | 380 |
| 47 | 44 | 25 | 63 | 2 | 27 | |
| 21 | 20 | 26 | 17 | 18 | 25 | |
| Total Liabilities | 126 | 150 | 192 | 281 | 417 | 465 |
| 64 | 58 | 53 | 48 | 195 | 189 | |
| CWIP | 0 | 0 | 0 | 64 | 3 | 31 |
| Investments | 13 | 15 | 18 | 23 | 38 | 40 |
| 49 | 77 | 120 | 146 | 181 | 204 | |
| Total Assets | 126 | 150 | 192 | 281 | 417 | 465 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 22 | 9 | 63 | 19 | 14 | |
| -6 | -1 | -40 | -56 | -103 | |
| -16 | -7 | -23 | 36 | 90 | |
| Net Cash Flow | 0 | 0 | -0 | -0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 9 | 10 | 9 | 10 | 16 |
| Inventory Days | 38 | 37 | 30 | 54 | 54 |
| Days Payable | 20 | 9 | 13 | 13 | 9 |
| Cash Conversion Cycle | 26 | 38 | 26 | 51 | 62 |
| Working Capital Days | 6 | 24 | 44 | 40 | 66 |
| ROCE % | 36% | 51% | 37% | 18% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14h - Copy of newspaper publication of financial results of the company for the quarter ended September 30, 2025.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
1d - Monitoring report for Rs.171 crore IPO (quarter ended Sep 30, 2025); no deviations; billet plant delayed.
- Unaudited Finacial Result For The Quarter Ended September 30, 2025 1d
-
Board Meeting Outcome for Board Meeting Outcome For Unaudited Financial Results (Consolidated And Standalone) For The Quarter And Half-Year Ended September 30, 2025
1d - Approved unaudited standalone and consolidated results for period ended Sep 30, 2025; limited review reports attached.
-
Closure of Trading Window
5 Nov - Trading window closed until Nov 14, 2025; board meets Nov 12 to consider Q2/H1 Sep 30,2025 results.
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.