Vardhman Special Steels Ltd
Vardhman Special Steels is engaged in manufacturing of Billets, Steel bars & Rods and Bright Bars of various categories of special and alloy steels.
- Market Cap ₹ 2,096 Cr.
- Current Price ₹ 257
- High / Low ₹ 345 / 185
- Stock P/E 19.7
- Book Value ₹ 92.7
- Dividend Yield 0.77 %
- ROCE 17.5 %
- ROE 13.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 32.6% CAGR over last 5 years
Cons
* 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
Sector: Steel Industry: Steel - Medium / Small
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
440 | 367 | 658 | 653 | 674 | 859 | 1,121 | 846 | 937 | 1,368 | 1,735 | 1,661 | 1,746 | |
423 | 572 | 646 | 610 | 612 | 797 | 1,053 | 806 | 834 | 1,195 | 1,594 | 1,519 | 1,583 | |
Operating Profit | 18 | -205 | 12 | 43 | 62 | 62 | 68 | 40 | 104 | 174 | 141 | 142 | 164 |
OPM % | 4% | -56% | 2% | 7% | 9% | 7% | 6% | 5% | 11% | 13% | 8% | 9% | 9% |
6 | 209 | 7 | 1 | 4 | 6 | 2 | 9 | 13 | 29 | 39 | 30 | 32 | |
Interest | 11 | 12 | 20 | 23 | 28 | 21 | 24 | 26 | 20 | 17 | 18 | 18 | 20 |
Depreciation | 4 | 6 | 14 | 17 | 18 | 22 | 24 | 26 | 30 | 27 | 28 | 31 | 33 |
Profit before tax | 8 | -13 | -15 | 4 | 19 | 25 | 22 | -2 | 66 | 158 | 134 | 123 | 143 |
Tax % | 42% | -28% | 0% | 0% | 0% | 0% | -0% | -244% | 33% | 36% | 25% | 25% | |
5 | -9 | -15 | 4 | 19 | 25 | 22 | 3 | 44 | 101 | 100 | 92 | 106 | |
EPS in Rs | 0.78 | -1.52 | -2.45 | 0.68 | 3.10 | 3.51 | 3.11 | 0.41 | 5.46 | 12.42 | 12.36 | 11.25 | 13.08 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 14% | 14% | 8% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 8% |
3 Years: | 21% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 33% |
3 Years: | 27% |
TTM: | 35% |
Stock Price CAGR | |
---|---|
10 Years: | 36% |
5 Years: | 52% |
3 Years: | 29% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 13% |
3 Years: | 16% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 19 | 19 | 36 | 36 | 40 | 41 | 41 | 41 | 81 | 82 |
Reserves | 177 | 167 | 151 | 161 | 180 | 304 | 326 | 373 | 419 | 514 | 602 | 638 | 674 |
307 | 295 | 350 | 338 | 316 | 228 | 334 | 266 | 191 | 162 | 144 | 84 | 142 | |
81 | 83 | 94 | 97 | 99 | 109 | 194 | 90 | 153 | 204 | 244 | 237 | 275 | |
Total Liabilities | 583 | 564 | 615 | 614 | 613 | 677 | 889 | 770 | 803 | 921 | 1,031 | 1,040 | 1,172 |
41 | 210 | 230 | 251 | 265 | 250 | 280 | 310 | 283 | 289 | 294 | 325 | 321 | |
CWIP | 131 | 30 | 21 | 2 | 1 | 7 | 33 | 12 | 13 | 13 | 12 | 1 | 3 |
Investments | 122 | 32 | 14 | 14 | 1 | 8 | 0 | 5 | 0 | 15 | 20 | 0 | 37 |
289 | 292 | 350 | 347 | 346 | 412 | 577 | 443 | 507 | 603 | 705 | 714 | 810 | |
Total Assets | 583 | 564 | 615 | 614 | 613 | 677 | 889 | 770 | 803 | 921 | 1,031 | 1,040 | 1,172 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
55 | -36 | -33 | 46 | 68 | 11 | -19 | 135 | 67 | 59 | 74 | 142 | |
-154 | 52 | -4 | -16 | -16 | -16 | -70 | -88 | 7 | -9 | -15 | -50 | |
42 | -33 | 31 | -35 | -50 | 7 | 82 | -45 | -74 | -52 | -49 | -94 | |
Net Cash Flow | -57 | -16 | -5 | -5 | 2 | 2 | -7 | 2 | 0 | -2 | 9 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 85 | 122 | 99 | 109 | 102 | 83 | 61 | 78 | 87 | 59 | 55 | 58 |
Inventory Days | 163 | 116 | 119 | 110 | 122 | 123 | 170 | 103 | 134 | 139 | 119 | 129 |
Days Payable | 47 | 41 | 46 | 42 | 36 | 47 | 89 | 42 | 90 | 68 | 61 | 63 |
Cash Conversion Cycle | 200 | 197 | 172 | 176 | 188 | 159 | 142 | 139 | 131 | 131 | 113 | 123 |
Working Capital Days | 134 | 187 | 128 | 108 | 92 | 109 | 111 | 111 | 109 | 103 | 94 | 99 |
ROCE % | 4% | -3% | -0% | 5% | 9% | 8% | 7% | 3% | 13% | 26% | 20% | 18% |
Documents
Announcements
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Demat Report For The Month Ended 30.11.2024.
19h - Dematerialization of 1,659 equity shares in November 2024.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Nov
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Intimation Regarding Cancellation Of Analysts/ Investors Meet
21 Nov - Cancellation of Analysts/ Investors Meet due to exigencies.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
Concalls
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Nov 2019Transcript PPT
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Dec 2018TranscriptPPT
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Background
Vardhman Group ventured into the Steel business way back in 1973. In 2010, Vardhman Textiles Limited demerged the steel business into a separate legal entity Vardhman Special Steels Limited. [1]