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  7. Vardhman Special Steels Ltd
Financial RatiosPE RatioShareholdingDividendQuarterly ResultsBalance SheetProfit & LossCash Flow

Vardhman Special Steels Ltd Stock Price Today (NSE: VSSL)

Vardhman Special Steels Ltd

VSSLIron & Steel Products
₹254.43₹2.21 (0.86%)↓
As on 20 Apr 2026, 05:54 am ISTMarket Open

Fundamental Score

...

Vardhman Special Steels Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Vardhman Special Steels Ltd share price today is ₹254.43, down 0.86% on NSE/BSE as of 20 April 2026. Vardhman Special Steels Ltd (VSSL) is a Small-cap company in the Iron & Steel Products sector with a market capitalisation of ₹2.73K (Cr). The 52-week high for VSSL share price is ₹324.00 and the 52-week low is ₹201.62. At a P/E ratio of 28.58x, VSSL is currently trading above its industry average P/E of 22.05x. The company has a Return on Equity (ROE) of 12.14% and a debt-to-equity ratio of 0.06.

Vardhman Special Steels Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
₹0.00
Low
₹0.00
Volume
0
Change
-0.86%

Institutional Deep-Dive

Bull Run Research Hub

Live Price:₹254.43— Analysis below may reference an earlier price snapshot.

Financial Analysis of Vardhman Special Steels Share Price

The iron and steel products industry, a bellwether of economic activity, is currently experiencing a period of fluctuating demand driven by global infrastructure projects and evolving automotive manufacturing needs. This analysis assesses the financial stability of Vardhman Special Steels Ltd, focusing on publicly available data. The current Vardhman Special Steels share price stands at ₹259.5, with a Price-to-Earnings (PE) ratio of 28.58. This preliminary assessment is part of a comprehensive 80-parameter fundamental audit verified by Sweta Mishra.

The PE ratio of 28.58 suggests that investors are willing to pay ₹28.58 for every rupee of earnings. When considering sector peers, a more nuanced picture emerges. While a direct comparison requires a full financial model, it's observable that management quality, as perceived by the market, can significantly impact valuation. For example, comparing Vardhman Special Steels Ltd with Azad India, any perceived differences in operational efficiency or strategic decision-making could explain divergences in valuation, regardless of similar financial metrics.

A crucial indicator of profitability is the Return on Capital Employed (ROCE), which for Vardhman Special Steels Ltd is 16.53%. This indicates the company's efficiency in generating profits from its capital employed. A higher ROCE generally signifies a stronger competitive advantage, or economic moat. The 16.53% ROCE suggests that Vardhman Special Steels is effectively utilizing its resources to generate returns. However, the strength of the moat will depend on sustainability and its position relative to its cost of capital. Further analysis on the debt-to-equity ratio and operational cash flows would improve the accuracy of this risk assessment.

Other peers such as Msp Steel & Power Ltd and P M Telelinks Ltd, may present different risk-reward profiles. A thorough comparative analysis should examine factors like debt levels, revenue growth, and operational margins to ascertain the financial health of Vardhman Special Steels share price relative to its competition. This observational analysis uses publicly available data and does not constitute investment advice.

SM
Analysis by Sweta Mishra
SEBI Registered Research Analyst

Vardhman Special Steels Ltd Share Price — Last 10 Trading Days

DateOpenHighLowCloseVolume
2 Apr 26₹215.50₹228.48₹215.50₹226.0026.95K (Cr)
1 Apr 26₹217.76₹226.76₹212.01₹223.8832.18K (Cr)
30 Mar 26₹217.65₹217.65₹206.40₹208.401.11L (Cr)
27 Mar 26₹230.00₹231.00₹216.00₹218.8553.05K (Cr)
25 Mar 26₹230.00₹239.90₹229.80₹231.3546.53K (Cr)
24 Mar 26₹225.00₹239.80₹225.00₹230.7057.87K (Cr)
23 Mar 26₹230.00₹230.00₹218.75₹220.5546.16K (Cr)
20 Mar 26₹227.00₹242.45₹227.00₹232.8591.33K (Cr)
19 Mar 26₹232.05₹238.65₹230.30₹233.9020.75K (Cr)
18 Mar 26₹230.70₹240.40₹230.70₹238.5024.10K (Cr)

Vardhman Special Steels Ltd Share Price History — Last 12 Months

MonthOpenHighLowCloseChange
Apr 2026₹217.76₹228.48₹212.01₹226.00+3.78%
Mar 2026₹251.00₹253.90₹206.40₹208.40-16.97%
Feb 2026₹260.00₹266.90₹240.15₹256.60-1.31%
Jan 2026₹287.30₹289.40₹243.80₹255.60-11.03%
Dec 2025₹283.00₹304.00₹275.00₹284.35+0.48%
Nov 2025₹291.95₹304.90₹270.55₹283.00-3.07%
Oct 2025₹299.40₹324.00₹266.10₹286.65-4.26%
Sept 2025₹255.90₹299.50₹250.60₹295.90+15.63%
Aug 2025₹269.95₹271.30₹244.65₹253.35-6.15%
Jul 2025₹264.60₹281.40₹247.20₹269.60+1.89%
Jun 2025₹290.00₹291.00₹242.35₹262.00-9.66%
May 2025₹243.00₹290.30₹227.22₹287.56+18.34%

Returns & Performance

Poor

ROE

12.14%
Good

ROCE

16.53%
Poor

OPM (5Y)

9.50%
Good

Div Yield

1.06%

Vardhman Special Steels Ltd Valuation Check

Poor

P/E Ratio

28.58x
Poor

Industry P/E

22.05x
Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Market Cap

2.73K (Cr)

Shareholding

Excellent

Promoter

51.13%
Poor

FII

0.54%
Poor

DII

3.63%
Excellent

Pledged

0.00%

Growth Engine

Excellent

Profit Growth (Q)

33.85%
Poor

Sales Growth (Q)

-12.64%
Excellent

Sales Growth (5Y)

15.83%
Excellent

EPS Growth (5Y)

115.24%
Excellent

Profit Growth (5Y)

115.74%

Balance Sheet Health

Excellent

Debt to Equity

0.06x
Excellent

Int. Coverage

10.17x

Free Cash Flow (5Y)

211.74 (Cr)

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Vardhman Special Steels Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of VSSL across key market metrics for learning purposes.

Positive Indicators

10 factors identified

Excellent ROCE Performance (16.53%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Robust Profit Growth (33.85%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Consistent Growth Track Record (15.83% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (115.24% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (115.74% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Conservative Debt Levels (D/E: 0.06)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (10.17x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Strong Cash Generation (₹211.74 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Balanced Promoter Holding (51.13%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

2 factors identified

Revenue Contraction (-12.64%)

Observation: Sales decline may indicate market challenges or competitive pressures.

Analysis: Negative revenue growth requires analysis of market conditions.

Limited Institutional Interest (FII+DII: 4.17%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Peer Comparison - Iron & Steel Products

Compare Vardhman Special Steels Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Overall score
Valuation
Price metrics
Profitability
Return metrics
Financial Health
Debt management
Growth
5Y performance
Dividend
Yield %
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
Vardhman Special Steels LtdVardhman Specia...Selected✓
VSSL • 534392
59.3/100
₹254.43₹254
₹2734.15₹2734.15
28.58Average
28.6
Average
12.14%Average
12.14%
Average
16.53%Good
16.53%
Good
0.06Excellent
0.1
Excellent
115.74%Excellent
115.74%
Excellent
15.83%Excellent
15.83%
Excellent
1.06%
Apl Apollo Tubes LtdApl Apollo Tube...
APLAPOLLO • 533758
58.2/100
₹2112.10₹2112
₹48140.62₹48140.62
45.90Average
45.9
Average
18.95%Good
18.95%
Good
0.00%Poor
0.00%
Poor
0.16Excellent
0.2
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Shyam Metalics and Energy LtdShyam Metalics ...
SHYAMMETL • 543299
68/100
₹864.30₹864
₹22904.25₹22904.25
23.60Average
23.6
Average
8.99%Poor
8.99%
Poor
0.00%Poor
0.00%
Poor
0.10Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Welspun Corp LtdWelspun Corp Lt...
WELCORP • 532144
68.3/100
₹1091.95₹1092
₹22738.84₹22738.84
12.82Average
12.8
Average
18.59%Good
18.59%
Good
0.00%Poor
0.00%
Poor
0.19Excellent
0.2
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Ratnamani Metals & Tubes LtdRatnamani Metal...
RATNAMANI • 520111
68/100
₹2479.90₹2480
₹16673.81₹16673.81
27.49Average
27.5
Average
16.01%Good
16.01%
Good
0.00%Poor
0.00%
Poor
0.06Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Godawari Power & Ispat LtdGodawari Power ...
GPIL • 532734
58.9/100
₹302.50₹303
₹16393.58₹16393.58
22.05Average
22.1
Average
17.23%Good
17.23%
Good
0.00%Poor
0.00%
Poor
0.04Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Gallantt Ispat LtdGallantt Ispat ...
GALLANTT • 532726
61.5/100
₹872.20₹872
₹14229.55₹14229.55
28.88Average
28.9
Average
15.11%Good
15.11%
Good
0.00%Poor
0.00%
Poor
0.21Excellent
0.2
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Usha Martin LtdUsha Martin Ltd...
USHAMART • 517146
43.7/100
₹448.80₹449
₹12879.99₹12879.99
30.52Average
30.5
Average
15.83%Good
15.83%
Good
0.00%Poor
0.00%
Poor
0.09Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Jindal Saw LtdJindal Saw Ltd...
JINDALSAW • 500378
42.5/100
₹240.56₹241
₹10658.72₹10658.72
7.76Average
7.8
Average
16.31%Good
16.31%
Good
0.00%Poor
0.00%
Poor
0.43Excellent
0.4
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Maharashtra Seamless LtdMaharashtra Sea...
MAHSEAMLES • 500265
62/100
₹641.85₹642
₹7894.79₹7894.79
10.07Average
10.1
Average
12.90%Average
12.90%
Average
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Jayaswal Neco Industries LtdJayaswal Neco I...
JAYNECOIND • 522285
38.5/100
₹96.76₹97
₹6850.49₹6850.49
18.18Average
18.2
Average
4.86%Poor
4.86%
Poor
0.00%Poor
0.00%
Poor
0.90Good
0.9
Good
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%

Vardhman Special Steels Ltd Financial Statements

Comprehensive financial data for Vardhman Special Steels Ltd including income statement, balance sheet and cash flow

About VSSL (Vardhman Special Steels Ltd)

Vardhman Special Steels Ltd is a prominent manufacturer specializing in high-quality specialty steel products, catering to a diverse range of industrial applications both within In...dia and across international markets. The company focuses on crafting precision-engineered steel components including billets and bright bars and an array of special and alloy steel bars. These products are meticulously designed to meet the stringent demands of various industries, ensuring superior strength, durability, and performance in critical applications. With a commitment to innovation and customer satisfaction, VSSL strives to deliver customized steel solutions that enhance the efficiency and reliability of its clients' operations. VSSL's core business revolves around serving key sectors of the economy, with a strong presence in the automotive, engineering, and transportation industries. The company's specialty steel products find widespread use in the production of passenger vehicles, two-wheelers, commercial vehicles, and tractors. Additionally, VSSL's steel solutions are integral to the manufacturing processes of railways, engineering firms, bearing manufacturers, and other allied industries. By consistently delivering high-quality steel products, VSSL has established itself as a trusted partner for companies seeking reliable materials that can withstand demanding conditions and contribute to overall product excellence. Established with a vision to become a leading player in the specialty steel market, Vardhman Special Steels Ltd has built a reputation for technological prowess, operational efficiency, and unwavering commitment to quality. Headquartered in Ludhiana, India, the company boasts state-of-the-art manufacturing facilities equipped with advanced equipment and skilled personnel. Through continuous investment in research and development, VSSL remains at the forefront of innovation, developing new and improved steel grades to meet the evolving needs of its customers. This dedication to excellence has solidified VSSL's position as a preferred supplier of specialty steel products, driving growth and creating value for its stakeholders.

Company Details

Symbol:VSSL
Industry:Iron & Steel Products
Sector:Iron & Steel Products
Website:https://www.vardhmansteel.com

Key Leadership

Mr. Sachit Jain B.Tech.
Chairman & MD
Mr. Sanjeev Singla
Chief Financial Officer
Ms. Sonam Dhingra
Compliance Officer & Company Secretary

Corporate Events

Recent
Ex-Dividend Date
2025-09-12

Latest News

MSCI to add Swiggy, 3 other Indian stocks to flagship index, reduce Eternal's weight - Reuters
Reuters• 8/7/2025

VSSL Share Price: Frequently Asked Questions

What is the current share price of Vardhman Special Steels Ltd?

As of 20 Apr 2026, 05:54 am IST, Vardhman Special Steels Ltd share price is ₹254.43. The Vardhman Special Steels Ltd stock has a market capitalisation of ₹2.73K (Cr) on NSE/BSE.

Is Vardhman Special Steels Ltd share price Overvalued or Undervalued?

Vardhman Special Steels Ltd share price is currently trading at a P/E ratio of 28.58x, compared to the industry average of 22.05x. Based on this relative valuation, the Vardhman Special Steels Ltd stock appears to be Overvalued against its sector peers.

What is the 52-week high and low of Vardhman Special Steels Ltd share price?

The 52-week high of Vardhman Special Steels Ltd share price is ₹324.00 and the 52-week low is ₹201.62. These values are updated daily from NSE/BSE price data.

What factors affect the Vardhman Special Steels Ltd share price?

Key factors influencing Vardhman Special Steels Ltd share price include quarterly earnings growth (Sales Growth: -12.64%), raw material costs, government spending, and institutional flows (FII/DII holding).

Is Vardhman Special Steels Ltd a good stock for long-term investment?

Vardhman Special Steels Ltd shows a 5-year Profit Growth of 115.74% and an ROE of 12.14%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.06 before investing in Vardhman Special Steels Ltd shares.

How does Vardhman Special Steels Ltd compare with its industry peers?

Vardhman Special Steels Ltd competes with major peers in the Iron & Steel Products. Investors should compare Vardhman Special Steels Ltd share price P/E of 28.58x and ROE of 12.14% against the industry averages to determine competitive standing.

What is the P/E ratio of Vardhman Special Steels Ltd and what does it mean?

Vardhman Special Steels Ltd share price has a P/E ratio of 28.58x compared to the industry average of 22.05x. Investors pay ₹29 for every ₹1 of annual earnings.

How is Vardhman Special Steels Ltd performing according to Bull Run's analysis?

Vardhman Special Steels Ltd has a Bull Run fundamental score of 59.3/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.

What sector and industry does Vardhman Special Steels Ltd belong to?

Vardhman Special Steels Ltd operates in the Iron & Steel Products industry. This classification helps understand the competitive landscape and sector-specific trends affecting Vardhman Special Steels Ltd share price.

What is Return on Equity (ROE) and why is it important for VSSL?

VSSL has an ROE of 12.14%, which shows decent profitability but room for improvement. ROE measures how efficiently Vardhman Special Steels Ltd generates profits from shareholders capital.

How is VSSL debt-to-equity ratio and what does it indicate?

VSSL has a debt-to-equity ratio of 0.06, which indicates conservative financing with low financial risk.

What is VSSL dividend yield and is it a good dividend stock?

VSSL offers a dividend yield of 1.06%, meaning you receive ₹1.06 annual dividend for every ₹100 invested in Vardhman Special Steels Ltd shares.

How has VSSL share price grown over the past 5 years?

VSSL has achieved 5-year growth rates of: Sales Growth 15.83%, Profit Growth 115.74%, and EPS Growth 115.24%.

What is the promoter holding in VSSL and why does it matter?

Promoters hold 51.13% of VSSL shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Vardhman Special Steels Ltd.

What is VSSL market capitalisation category?

VSSL has a market capitalisation of ₹2734 crores, placing it in the Small-cap category.

How volatile is VSSL stock?

VSSL has a beta of N/A. A beta > 1 suggests the Vardhman Special Steels Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.

What is VSSL operating profit margin trend?

VSSL has a 5-year average Operating Profit Margin (OPM) of 9.50%, indicating the company's operational efficiency.

How is VSSL quarterly performance?

Recent quarterly performance shows Vardhman Special Steels Ltd YoY Sales Growth of -12.64% and YoY Profit Growth of 33.85%.

What is the institutional holding pattern in VSSL?

VSSL has FII holding of 0.54% and DII holding of 3.63%. Significant institutional holding often suggests professional confidence in the Vardhman Special Steels Ltd stock.

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