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Vardhman Special Steels Limited

VSSL·NSE·
₹375.30▲ +3.00 (+0.81%)
Market Cap3680.45 Cr
PE Ratio28.54
Volume1,35,715
Day High - Low384.90 - 366.05
52W High-Low428.25 - 206.40

Vardhman Special Steels Limited (VSSL): company summary

The company's annual revenue fell 0.5% year-over-year, but net profit rose 31.2% due to improved margins.

Vardhman Special Steels Limited (VSSL) is a micro-cap Capital Goods company valued at ₹3,680 crore operating in Iron & Steel Products on the NSE and BSE.

Recent price move
Vardhman Special Steels Limited last traded at ₹375.3, modestly up 0.81% on the day.
Recent developments
On 2026-08-28, the company announced a dividend of ₹3.50 per share, with the ex-date set for that day. Promoter holding remained at 51.06% as of 2026-06-30, while domestic institutional holding decreased by 0.07 percentage points in the quarter.
Financial performance
The company's annual revenue fell 0.5% year-over-year, but net profit rose 31.2% due to improved margins. The latest quarter saw revenue rise 12.0% compared to the same quarter a year earlier, with net profit jumping 105.9% to ₹41 crore.
Valuation multiples
The stock trades at 28.5 times earnings, 2.96 times book value. It yields 0.9%.
Things to watch
The stock is 10.5% below its 52-week high, and the company's revenue growth has slowed significantly in recent years, with a 3-year CAGR of just 0.4%. Despite strong quarterly profit growth, the annual net profit margin is still relatively low at 7.0%.
Where it stands
The company has shown strong quarterly profit growth, with net profit rising 105.9% in the latest quarter, but annual revenue growth has slowed. The stock is currently 10.5% below its 52-week high, and the company's revenue growth has been declining in recent years.

Summarised by DocStoX's model on 2026-10-03 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.

DocStoX Score
6.1/10
Fair
Fair Value
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ROE
9.55%
Average
P/E
28.54x
Fair
Debt / Equity
0.07
Low
Industry
Capital Goods
Iron & Steel Products
Overall View
Mixed

Price performance

Day₹366.05
₹384.90
52W₹206.40
₹428.25
DocStoX take

Supported by growth (8.6) and risk (8.2), but held back by valuation (2.5). Growth looks strong at 8.6, but that is offset by valuation at 2.5. We are calling it Mixed rather than resolving the conflict for you.

DocStoX score

Low confidence
6.1
/10
Fair
Quality
Modest
ROE 9.6%
Valuation
Expensive
P/E 28.5×
Growth
Strong
Revenue +13.4% 5Y CAGR
Risk
Low risk
D/E 0.07
Momentum
Strong
76% of 52-week range

At a glance

Market Cap
₹3,680 Cr
52W High / Low
₹428 / ₹206
Dividend Yield
0.89%
Promoter Holding
51.18%
EPS (TTM)
₹13.15
Book Value
₹132.11

Key highlights

  • Low leverage — D/E 0.07
  • Profitable in all of the last 5 years
  • Profit compounding 23% a year
3 Positives0 Watchouts

Growth

Financials

Shareholding

Technicals

Peers

News

Forecasts

About the company

More data

Filings, corporate actions and ownership detail — opened on demand.

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Vardhman Special Steels Limited peers in Capital Goods

Other Capital Goods stocks on the NSE & BSE. See the full Capital Goods sector list.