1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Vardhman Special Steels Limited

Vardhman Special Steels Limited

349.05
INR
-7.10
(-1.99%)
20.15BMarket Cap
Oct 27Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
72.61
129.72
192.02
99.78
134.93
150.89
111.5
114.9
167.19
211.65
202.41
214.84
188.17
- -
Basic EPS, GAAP
-1.84
-2.97
1.24
2.84
3.95
3.11
0.44
5.47
12.43
12.35
11.24
11.4
13.15
- -
Free Cash Flow per Basic Share
-18.29
-11.98
7.6
5.24
-0.28
-13.79
13.23
7.15
2.91
5.51
9.13
0.99
-14.73
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.75
1.74
1.99
1.99
3.11
- -
Book Value per Share
36.43
34.34
35.14
38.85
47.53
50.62
51.2
56.7
68.41
79.04
88.31
97.62
132.11
- -
Tangible Book Value per Share
36.43
34.34
35.07
38.77
47.49
50.57
51.17
56.69
68.4
79.03
88.3
97.62
132.11
- -
Basic Weighted Avg Shares
51
51
34
67
63
71
75
81
81
81
82
82
93
96
Sales/Revenue/Turnover
3,706
6,616
6,527
6,724
8,545
10,781
8,396
9,287
13,548
17,208
16,500
17,540
17,465
- -
Operating Margin (%)
-1.63
0.81
5.65
7.79
5.49
4.24
2.43
9.05
12.83
8.45
8.33
7.98
9.26
- -
Depreciation Expense
57
139
170
181
215
239
257
302
270
281
310
335
329
- -
Net Income, GAAP
-94
-151
42
191
250
222
33
442
1,008
1,004
916
931
1,220
- -
Effective Tax Rate (%)
- -
- -
- -
- -
0.24
- -
- -
33.42
36.37
25.21
25.42
25.57
25.62
- -
Profit Margin (%)
-2.54
-2.29
0.65
2.85
2.93
2.06
0.4
4.76
7.44
5.84
5.55
5.31
6.99
- -
Working Capital
221
31
424
369
1,531
1,550
1,152
2,518
3,338
3,778
3,911
3,479
6,255
- -
LT Debt
998
1,044
1,290
1,155
1,015
1,351
1,093
1,106
798
448
147
37
1
- -
Total Equity
1,858
1,751
1,792
1,981
3,393
3,620
4,136
4,594
5,550
6,422
7,194
7,979
12,773
- -
Return on Invested Capital (%)
- -
- -
0.85
- -
8.48
- -
- -
8.02
15.77
14.44
12.9
12.13
10.38
- -
Return on Capital (%)
- -
- -
5.24
- -
8.34
- -
- -
8.51
16.28
15.01
13.18
12.36
11.39
- -
Return on Common Equity (%)
-4.94
-8.38
2.38
10.15
9.32
6.33
0.86
10.12
19.87
16.78
13.46
12.27
11.76
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
929
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
97
97
97
Market Capitalization
27,457
20,149
27,024

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
9,554
- -
Cash, Cash Equivalents & STI
- -
2,130
- -
Accounts Receivable, Net
- -
2,778
- -
Inventories
- -
3,502
- -
Total Current Liabilities
- -
3,299
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
929
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.34%
23.91%
60.08%
Free Cash Flow
345.35%
-356.93%
-1,792.44%
Net Income, GAAP
166.32%
30.31%
31.08%
Sales/Revenue/Turnover
11.94%
14.93%
-0.43%
Total Cash Common Dividend
- -
- -
77.8%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,148
4,948
4,268
4,280
17,540
2026
4,337
- -
4,305
4,579
17,465
2027
4,860
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.2
3.17
2.63
2.42
11.4
2026
2.43
- -
3.48
3.52
13.15
2027
4.26
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1.99
2026
- -
- -
- -
- -
3.11
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Sachit Jain
Full Time Employees
1,400
Sector
Non-energy minerals
Industry
Steel
Address
C-58, Focal Point Ludhiana PU India 141010
IPO Date
May 17, 2012
Website
vardhmansteel.com
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Business
Vardhman Special Steels Limited stands as a leading Indian producer within the specialized steel sector, crafting an extensive array of billets, rolled bars, and bright bars. These high-grade steel products address critical requirements across various industries, prominently serving the automotive segment, as well as engineering, tractor, and bearing manufacturers, for both domestic and international distribution. Building upon a steel business heritage established in 1973, the company was separately incorporated in 2010 and is based in Ludhiana, India. A strategic technical partnership with Japan's Aichi Steel Corporation, a key Toyota Group supplier, has been significantly reinforced by an increased equity investment from Aichi Steel, further solidifying Vardhman's market position and its global automotive supply chain initiatives. The company is actively expanding its capacity and is dedicated to sustainable production methods, employing environmentally friendly Electric Arc Furnace technology.