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 ₹ 2,136 Cr.
- Current Price ₹ 261
- High / Low ₹ 322 / 178
- Stock P/E 22.9
- Book Value ₹ 97.6
- Dividend Yield 0.77 %
- ROCE 16.7 %
- ROE 12.3 %
- Face Value ₹ 10.0
Pros
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
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2024 | Mar 2025 | |
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1,661 | 1,764 | |
1,519 | 1,616 | |
Operating Profit | 142 | 148 |
OPM % | 9% | 8% |
30 | 29 | |
Interest | 18 | 19 |
Depreciation | 31 | 33 |
Profit before tax | 123 | 125 |
Tax % | 25% | 26% |
92 | 93 | |
EPS in Rs | 11.25 | 11.39 |
Dividend Payout % | 18% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | 33% |
5 Years: | 54% |
3 Years: | 31% |
1 Year: | -18% |
Return on Equity | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2024 | Mar 2025 | |
---|---|---|
Equity Capital | 81 | 82 |
Reserves | 638 | 716 |
84 | 120 | |
237 | 218 | |
Total Liabilities | 1,040 | 1,136 |
325 | 316 | |
CWIP | 1 | 117 |
Investments | 0 | 10 |
714 | 693 | |
Total Assets | 1,040 | 1,136 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2024 | Mar 2025 | |
---|---|---|
142 | 127 | |
-50 | -127 | |
-94 | 3 | |
Net Cash Flow | -2 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2024 | Mar 2025 | |
---|---|---|
Debtor Days | 58 | 54 |
Inventory Days | 129 | 113 |
Days Payable | 63 | 47 |
Cash Conversion Cycle | 123 | 120 |
Working Capital Days | 98 | 94 |
ROCE % | 17% |
Documents
Announcements
- Closure of Trading Window 28 Jun
- Shareholder Meeting / Postal Ballot-Outcome of EGM 25 Jun
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 25 Jun
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Outcome Of The Extra-Ordinary General Meeting Held On June 25, 2025.
25 Jun - Issued 14.77M shares to Aichi Steel at INR 260.60, raising stake to 24.9%, amended Articles for investor rights.
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Shareholder Meeting / Postal Ballot-Outcome of EGM
25 Jun - EGM approved preferential equity allotment, amended Articles, and special rights to Aichi Steel Corporation.
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
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Concalls
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Apr 2025Transcript PPT REC
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Jan 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Nov 2019Transcript PPT
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Aug 2019TranscriptNotesPPT
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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]