Vraj Iron & Steel Ltd

₹ 135 -7.52%

17 Jul - 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 ₹ 446 Cr.
Current Price ₹ 135
High / Low ₹ 174 / 93.0
Stock P/E 13.9
Book Value ₹ 126
Dividend Yield 0.00 %
ROCE 10.5 %
ROE 7.89 %
Face Value ₹ 10.0

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Pros

Stock is trading at 1.07 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

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	139	106	115	81	119	115	88	120	153	138	133	146	170
	127	84	89	70	101	94	74	109	137	125	120	141	145
Operating Profit	12	22	26	11	18	21	14	11	16	13	13	5	25
OPM %	9%	21%	23%	13%	15%	18%	16%	9%	11%	10%	10%	4%	15%
	1	2	2	3	1	1	2	2	1	2	3	2	4
Interest	1	1	1	1	0	0	0	0	0	0	0	1	1
Depreciation	2	1	1	1	1	1	1	2	4	5	5	5	7
Profit before tax	11	22	26	11	17	21	14	11	14	10	10	1	21
Tax %	30%	25%	24%	23%	25%	24%	25%	26%	26%	25%	25%	19%	26%
	8	16	20	9	13	16	10	8	10	8	8	1	16
EPS in Rs	15.49	33.03	7.96	3.46	5.19	6.29	3.12	2.50	3.03	2.30	2.35	0.33	4.72
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	291	414	516	420	475	588
	263	366	438	343	412	531
Operating Profit	28	48	77	77	63	57
OPM %	10%	12%	15%	18%	13%	10%
	2	2	5	8	6	11
Interest	6	4	3	3	2	2
Depreciation	7	7	6	6	8	23
Profit before tax	16	39	72	76	59	43
Tax %	31%	26%	25%	24%	25%	25%
	11	29	54	57	44	32
EPS in Rs	22.23	58.05	109.21	23.22	13.37	9.71
Dividend Payout %	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	15%
3 Years:	4%
TTM:	24%

Compounded Profit Growth
10 Years:	%
5 Years:	24%
3 Years:	-16%
TTM:	-27%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-21%

Return on Equity
10 Years:	%
5 Years:	20%
3 Years:	15%
Last Year:	8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	25	33	33
Reserves	52	82	136	176	364	382
	47	44	25	63	2	43
	21	20	26	17	18	23
Total Liabilities	126	150	192	281	417	480
	64	58	53	48	195	273
CWIP	0	0	0	64	3	7
Investments	13	15	18	23	38	26
	49	77	120	146	181	174
Total Assets	126	150	192	281	417	480

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	22	9	63	19	14	31
	-6	-1	-40	-56	-103	-70
	-16	-7	-23	36	90	38
Net Cash Flow	0	0	-0	-0	1	-1
Free Cash Flow	18	7	61	-45	-81	-74
CFO/OP	92%	31%	104%	52%	43%	68%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	9	10	9	10	16	20
Inventory Days	38	37	30	54	54	54
Days Payable	20	9	13	13	9	9
Cash Conversion Cycle	26	38	26	51	62	66
Working Capital Days	6	24	44	40	66	74
ROCE %		36%	51%	37%	18%	11%

Insights

In beta

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

MS Billets Capacity Utilization
% ・Standalone data

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 ・Standalone data

Sponge Iron Capacity Utilization
% ・Standalone data

Sponge Iron Installed Capacity
MTPA ・Standalone data

Sponge Iron Sales Volume
MT ・Standalone data

TMT Bars Capacity Utilization
% ・Standalone data

TMT Bars Installed Capacity
MTPA ・Standalone data

TMT Bars Sales Volume
MT ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	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%
	3.66%	3.66%	3.66%	3.66%	3.66%	3.66%	3.66%
	20.45%	20.88%	20.86%	20.87%	21.16%	21.16%	21.21%
No. of Shareholders	39,880	41,020	40,080	39,424	38,258	36,786	35,095

	Mar 2025	Mar 2026
	74.96%	74.96%
	0.53%	0.18%
	3.66%	3.66%
	20.86%	21.21%
No. of Shareholders	40,080	35,095

* 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