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What is the VARDHMAN SPC STEEL LTD (VSSL) share price today?

VARDHMAN SPC STEEL LTD (VSSL) is trading at ₹298.35 on the NSE, up 0.32% on the day. Source: DocStoX.

What is the PE ratio of VARDHMAN SPC STEEL LTD?

VARDHMAN SPC STEEL LTD has a price-to-earnings (PE) ratio of 26.2 in the Industrial Products sector.

What is the market capitalisation of VARDHMAN SPC STEEL LTD?

VARDHMAN SPC STEEL LTD has a market capitalisation of approximately ₹2,884 crore.

VARDHMAN SPC STEEL LTD

VSSL·NSE·Industrial Products

₹298.35▲ +0.95 (+0.32%)

Industrial Products · Iron & Steel Products

Revenue under pressure recently

Day₹292.15

₹301.90

52W₹206

₹32478%

Open

₹299.20

High

₹301.90

Low

₹292.15

Prev Close

₹297.40

Volume

68.9K

VWAP

₹297.68

Snapshot

Key fundamentals

Market Cap

₹2,884 Cr

P/E Ratio

26.19Fair

P/B Ratio

2.04

EPS

₹11.39

Book Value

₹132.09

ROE

11.67%Average

ROCE

17.00%Decent

Dividend Yield

1.11%

Debt / Equity

0.07Low

Face Value

₹10.00

52W High

₹324.00

52W Low

₹206.40

Sector

Industrial Products

Industry

Iron & Steel Products

Avoid

None moatHigh uncertainty

Fair value estimate

₹147

▼ 50.6%downside

Trading at ₹298 — 51% above our estimate

BearFair valueBull

₹125₹147₹184

/100

Business quality — Watch the fundamentals

Growth 0Profitability 26Efficiency 23Valuation 78

Plain English

Our view

Revenue under pressure recently
Virtually debt-free balance sheet
Revenue has been shrinking

Strengths

Virtually debt-free balance sheet
Promoters hold a controlling stake

Risks

Revenue has been shrinking
Fundamental red flags (Piotroski 2/9)

How we got there

Fair value methods

Residual income

12% ROE fading to 13% over ~3 yrs, on ₹132 book

₹131

Relative P/E

Needs ≥3 peers with P/E

—

Graham floor

Conservative floor: √(22.5 × EPS × book value/share)

₹184

Analyst target

No analyst coverage

—

Blended fair value₹147

What the numbers say

Investment thesis

Bull case

Virtually debt-free balance sheet
Promoters hold a controlling stake

Bear case

Revenue has been shrinking
Fundamental red flags (Piotroski 2/9)

Free — see our deterministic Fair Value range, business quality score, and the full bull/bear case for this stock.

Snapshot

Key statistics

P/E

26.2Fair

Below 15× is value territory; above 35× prices in strong growth

ROE

11.7%Average

Above 15% is considered healthy for Indian equities

ROCE

17.0%Decent

Above 18% means capital is working hard

Debt/Eq

0.07Low

Below 0.5 is comfortable; above 1.5 strains the balance sheet

Mkt Cap

₹2,884 Cr

P/B

2.04

EPS

₹11.39

Div Yield

1.11%

What changed

Recent changes

No notable changes to report.

What matters

News impact

Overview

Valuation

Reasonable

P/E 26.2×

Growth

Slow

+0% rev CAGR

Profitability

Modest

11.7% ROE

Financial health

Rock solid

D/E 0.07

Momentum

N/A

No technicals

Today

Trading activity

Delivery %58.5%

Turnover₹205.11L Cr

Trades2,080

VWAP₹297.68

Face value₹10.00

Market depth

Market depth available during market hours

Snapshot

Technical signals

Compounded annual growth

Growth (CAGR)

Revenue

+0.4%

+13.4%

10Y

+10.4%

Profit

+6.9%

+22.6%

10Y

+40.8%

EPS

—

10Y

—

Profile

Pros

Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 24.0%

Watch-outs

Cons

Company has a low return on equity of 12.3% over last 3 years.
Promoter holding has decreased over last 3 years: -9.65%

Forecast

News

Peers

Financials

Growth

Shareholding

Ownership

Ownership breakdown

Quarter ending 31 Mar 2026

Ownership was broadly stable versus the previous quarter. The QoQ column shows each group's change versus the prior quarter.

51%

Promoter

Promoters

51.1%-0.04

Public

16.8%-0.01

FII / FPI

0.6%+0.01

DII

3.3%+0.03

Others

28.3%

Total shareholders

36,854-1,225 QoQ

Quarterly trend

Ownership over time

Q4 FY26

Promoter51.06%

FII0.55%

DII3.34%

Public16.77%

Others28.28%

Corporate Actions

Bulk & Block Deals

Filings

MF Holdings

Technicals

FAQs

Quick reference

Frequently asked questions

Vardhman Special Steels is engaged in manufacturing of Billets, Steel bars & Rods and Bright Bars of various categories of special and alloy steels.