Vardhman Special Steels Limited

Web: vardhmansteel.com NSE: VSSL BSE: 534392 SECTOR: Capital Goods - Industrial Products | Add Note | View Notes

364 0(0%)

Near 52W High of 376

Volume

76k as on 23, Jun

Open

245

High

247

Low

239

364

VWAP

285

52 Week High

376

52 Week Low

206

Viand Research Rating

Quality Score

61/100

Growth Score

30/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

3,520

No. of Shares

9.67

P/E

19.95

P/B

2.95

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

14.8

ROCE

Profit Growth

Listing Date

17-May-12

Promoter Holding

51.06%

FII Holding

0.55%

DII Holding

3.27%

Price Chart

Price Performance

1 Week1%

1 Month5%

3 Months30%

6 Months19%

1 Year19%

YTD19%

Moving Average

5 Day SMA284

10 Day SMA280

20 Day SMA276

30 Day SMA276

50 Day SMA273

61 Day SMA264

80 Day SMA0

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	288	281	285	285
Resistance 2	285	281	284	284
Resistance 1	283	280	282	281
Pivot Point	281	280	281	280
Support 1	278	279	279	276
Support 2	276	279	278	275
Support 3	273	279	276	271

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,29,158	4922	3%	2%	21%	7%	31	94	0	9116
2	BEL	2,98,458	405	1%	4%	10%	10%	49	94	0	6062
3	TMCV	1,68,152	457	3%	2%	8%	40%	0	94	0.44	3030
4	ABB	1,57,098	7414	1%	2%	24%	44%	93	94	0.02	1668
5	BHEL	1,50,199	431	0%	5%	65%	105%	409	94	0.31	1600
6	SIEMENS	1,41,882	3984	2%	3%	21%	28%	66	94	0.02	2754
7	CGPOWER	1,41,050	895	0%	8%	26%	21%	119	94	0.01	1199
8	POWERINDIA	1,40,760	31580	6%	0	25%	69%	150	94	0.02	988
9	CUMMINSIND	1,39,335	5026	2%	9%	5%	29%	74	94	0	2362
10	POLYCAB	1,24,768	8280	3%	3%	3%	21%	52	94	0.02	2708
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jul 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 51.06%	(0.01) 51.06%	(0.01) 51.10%	(0.01) 51.13%	(-9.21) 51.13%	(0.01) 60.37%	(-0.11) 60.37%	(0.01) 60.49%	(0.01) 60.53%	(0.01) 60.55%	(-0.11) 60.55%	(0.01) 60.67%	(0.01) 60.71%	(0.01) 60.71%	(-0.11) 60.71%	(0.01) 60.81%	(0.01) 60.81%	(0.01) 60.81%	(-0.11) 60.78%	(0.01) 60.87%	(0.01) 60.87%
FIIs	(0.01) 0.55%	(0.01) 0.55%	(0.01) 0.54%	(0.11) 0.54%	(-0.11) 0.49%	(-0.11) 0.58%	(0.11) 0.64%	(0.01) 0.58%	(0.01) 0.60%	(0.21) 0.64%	(-0.31) 0.49%	(-0.21) 0.75%	(-0.31) 0.96%	(0.11) 1.22%	(0.61) 1.14%	(0.21) 0.54%	(0.01) 0.33%	(-0.11) 0.31%	(0.01) 0.38%	(0.01) 0.39%	(0.01) 0.39%
DIIs	(-0.11) 3.27%	(0.01) 3.34%	(-0.31) 3.30%	(0.11) 3.63%	(-0.61) 3.54%	(0.01) 4.17%	(-0.31) 4.17%	(0.71) 4.51%	(0.71) 3.84%	(0.51) 3.14%	(0.11) 2.63%	(0.11) 2.50%	(1.41) 2.42%	(0.01) 1.06%	(0.21) 1.03%	(-0.51) 0.79%	(0.01) 1.24%	(0.01) 1.27%	(0.21) 1.27%	(0.31) 1.05%	(0.01) 0.80%
Public	45.12%	45.04%	45.02%	44.70%	44.85%	34.88%	34.82%	34.42%	35.01%	35.67%	36.33%	36.08%	35.91%	37.03%	37.13%	37.86%	37.61%	37.61%	37.56%	37.70%	37.94%
No. of Shareholders	36,365	36,854	38,079	36,443	35,856	35,856	36,287	36,348	35,229	34,683	32,866	33,715	31,906	31,951	30,124	31,934	33,560	35,013	36,348	36,765	31,577

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Sales	458	431	432	434	428	427	495	415	439	397	415	409	422
Sales Growth % (YoY)	7%	0.9%	-12.6%	4.6%	-2.6%	7.4%	19.2%	1.3%	-	-	-	-	22.9%
Sales Growth % (QoQ)	6.3%	-0.2%	-0.5%	1.4%	0.2%	-13.7%	19.3%	-5.5%	10.6%	-4.3%	1.5%	-3.1%	-
Expenses	412	387	387	402	397	392	456	372	391	364	384	380	398
Operating Profit	46	43	45	32	31	35	39	42	49	33	31	29	24
OPM %	10	10	10	7	7	8	8	10	11	8	8	7	6
Other Income	10	13	11	8	7	7	9	6	9	8	6	7	5
Interest	3	4	2	4	3	5	5	5	5	5	5	4	5
Depreciation	8	8	8	9	8	8	8	8	9	7	7	7	7
Profit before tax	46	45	46	27	27	28	35	35	44	29	25	25	18
Tax %	26	25	26	26	27	25	26	26	25	25	26	26	24
Net Profit	34	34	35	20	20	21	26	26	33	22	18	19	14
Net Profit Growth % (QoQ)	-	-2.9%	75%	-	-4.8%	-19.2%	-	-21.2%	50%	22.2%	-5.3%	35.7%	-
Net Profit Growth % (YoY)	70%	61.9%	34.6%	-23.1%	-39.4%	-4.5%	44.4%	36.8%	135.7%	-	-	-	-
TTM Net Profit	123	109	96	87	93	106	107	99	92	73	51	33	0
EPS in Rs	3.51	3.48	3.58	2.43	2.41	2.63	3.17	3.2	4.03	2.68	2.27	2.29	1.68

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	1754	1764	1661	1735	1368	937	846	1121	859	674	653	658
Sales Growth %	-	6.2%	-	26.8%	46%	10.7%	-24.5%	30.5%	27.5%	3.2%	-0.7%	79%
Expenses	1588	1616	1519	1594	1195	830	806	1053	797	612	610	646
Operating Profit	166	148	142	141	174	107	40	68	62	62	43	12
OPM %	9	8	9	8	13	11	5	6	7	9	7	2
Other Income	42	29	30	39	29	9	9	2	6	4	1	7
Interest	12	19	18	18	17	20	26	24	21	28	23	20
Depreciation	33	33	31	28	27	30	26	24	22	18	17	14
Profit before tax	164	125	123	134	158	66	-2	22	25	19	4	-15
Tax %	26	26	25	25	36	33	-244	0	0	0	0	0
Net Profit	122	93	92	100	101	44	3	22	25	19	4	-15
Net Profit Growth %	31.2%	1.1%	-8%	-1%	129.5%	1366.7%	-86.4%	-12%	31.6%	375%	126.7%	-
EPS in Rs	12.62	11.39	11.25	12.36	12.42	5.46	0.41	3.11	3.51	3.1	0.68	-2.45
Dividend Payout %	28	26	18	8	14	14	0	0	0	0	0	0

Cash Flows

	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	127	142	74	59	87	135	-19	11	68	46	-33
Cash from Investing Activity	-127	-50	-15	-9	7	-88	-70	-16	-16	-16	-4
Cash from Financing Activity	3	-94	-49	-52	-94	-45	82	7	-50	-35	31
Net Cash Flow	3	-2	9	-2	0	2	-7	2	2	-5	-5

Balance Sheet

	Mar 2026	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	97	82	82	81	41	41	41	40	36	36	19	19	19
Reserves	1181	716	674	638	602	514	419	373	326	304	180	161	151
Borrowings	93	120	142	84	144	162	191	266	334	228	316	338	350
Other Liabilities	263	218	275	237	244	204	153	90	194	109	99	97	94
Total Liabilities	1633	1136	1172	1040	1031	921	803	770	889	677	613	614	615
Fixed Assets	585	309	321	325	294	289	283	310	280	250	265	251	230
CWIP	26	117	3	1	12	13	13	12	33	7	1	2	21
Investments	158	18	37	0	20	15	0	5	0	8	1	14	14
Other Assets	863	693	810	714	705	603	507	443	577	412	346	347	350
Total Assets	1633	1136	1172	1040	1031	921	803	770	889	677	613	614	615

Delivery

Delivery Data: VSSL

#	Date	266 41% 376	Value (Cr)	Q/T 42	Del 43	Del 6
1	4-Sep	364	5	34	47	2
2	3-Sep	364	6	30	44	3
3	2-Sep	362	4	28	52	2
4	1-Sep	355	3	29	60	2
5	31-Aug	356	3	27	32	1
6	28-Aug	349	2	28	59	1
7	27-Aug	358	5	30	49	2
8	26-Aug	368	12	40	48	6
9	25-Aug	345	3	29	48	2
10	24-Aug	351	3	25	52	2
11	21-Aug	349	4	25	62	2
12	20-Aug	356	4	24	55	2
13	19-Aug	359	4	37	52	2
14	18-Aug	359	5	28	48	3
15	17-Aug	362	16	35	42	7
16	14-Aug	353	27	52	29	8
17	13-Aug	327	2	34	61	1
18	12-Aug	331	4	23	48	2
19	11-Aug	333	4	21	43	2
20	10-Aug	338	8	32	43	3
21	7-Aug	342	11	37	40	5
22	6-Aug	334	34	47	35	12
23	5-Aug	329	25	64	38	9
24	4-Aug	305	5	50	62	3
25	3-Aug	304	2	34	51	1
26	31-Jul	305	3	36	56	1
27	30-Jul	300	2	45	63	1
28	29-Jul	306	5	48	62	3
29	28-Jul	297	2	35	57	1
30	27-Jul	297	2	41	43	1
31	24-Jul	296	3	34	39	1
32	23-Jul	298	6	35	36	2
33	22-Jul	303	52	40	19	10
34	21-Jul	303	9	43	54	5
35	20-Jul	309	4	37	61	2
36	17-Jul	298	2	33	58	1
37	16-Jul	297	9	42	43	4
38	15-Jul	296	1	24	56	1
39	14-Jul	296	4	28	43	2
40	13-Jul	295	25	54	23	6
41	10-Jul	276	1	23	51	0
42	9-Jul	270	1	29	55	1
43	8-Jul	270	1	24	50	0
44	7-Jul	272	0	19	64	0
45	6-Jul	272	1	23	47	1
46	3-Jul	274	1	24	51	0
47	2-Jul	277	1	20	59	0
48	1-Jul	272	1	22	67	1
49	30-Jun	280	0	20	64	0
50	29-Jun	279	1	26	53	0

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	3,520c	4c	0.11
03-Sep	3,524c	110c	3.21
01-Sep	3,414c	23c	0.66
31-Aug	3,437c	21c	0.62
27-Aug	3,458c	9c	0.27
26-Aug	3,449c	124c	3.74
25-Aug	3,325c	79c	2.33
24-Aug	3,404c	10c	0.30
21-Aug	3,394c	49c	1.42
19-Aug	3,443c	38c	1.10
18-Aug	3,481c	30c	0.84
17-Aug	3,510c	73c	2.12
14-Aug	3,437c	223c	6.95
13-Aug	3,214c	23c	0.71
12-Aug	3,191c	118c	3.57
10-Aug	3,309c	17c	0.52
06-Aug	3,292c	352c	11.95
05-Aug	2,941c	23c	0.78
04-Aug	2,918c	22c	0.74
31-Jul	2,940c	30c	1.03
30-Jul	2,910c	21c	0.71
29-Jul	2,931c	49c	1.71
28-Jul	2,881c	10c	0.34
27-Jul	2,872c	16c	0.58
24-Jul	2,855c	0	0

Stock Checklist

Price is above from 52 week high low average: 93%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 7 fund scheme(s) across 4 fund house(s) as of Aug26 · Total value ₹208 Cr · 0 increasing / 2 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Tata Mutual Fund	2	0.57%	-0.02%	145
ICICI Prudential Mutual Fund	2	0.22%	-	41.9
ICICI Prudential Asset Management Company Limited	1	0.22%	-	20.9
Motilal Oswal Mutual Fund	2	0.00%	-	0

Vardhman Special Steels Limited

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Competitors/Peers

Shareholding Pattern (%)

Quarterly Results

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Cash Flows

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