Vulcan Steel Limited Stock Price Today (NSE: VSL)

Vulcan Steel Limited

10.40+0.50 (+5.05%)
Market Closed

Fundamental Score

...

Vulcan Steel Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Vulcan Steel Limited share price today is 10.40, up +5.05% on NSE/BSE as of 7 August 2026. Vulcan Steel Limited (VSL) is a Small-cap company in the Gems, Jewellery And Watches sector with a market capitalisation of 112.89 (Cr). The 52-week high for VSL share price is 12.99 and the 52-week low is 6.82. At a P/E ratio of 14.89x, VSL is currently trading below its industry average P/E of 18.82x. The company has a Return on Equity (ROE) of 17.05% and a debt-to-equity ratio of 0.00.

Vulcan Steel Limited Share Price Chart — NSE/BSE Historical Performance

No data
High
11.24
Low
9.05
Volume
3.5L
Change
-0.46%

Vulcan Steel Limited share price chart: -0.46% return over the past month. 52-week high ₹12.99, 52-week low ₹6.82.

Vulcan Steel Limited — Last 10 Trading Days

DateOpenHighLowCloseVolume
10.7110.8710.1010.311.26L (Cr)
10.9910.9910.6610.7164.46K (Cr)
10.8010.9610.5210.8856.98K (Cr)
10.9511.0610.7010.801.47L (Cr)
9.8611.249.8610.793.29L (Cr)
10.0510.059.849.9569.17K (Cr)
9.959.999.839.961.16L (Cr)
9.8310.009.839.9841.43K (Cr)
10.0310.169.8310.001.74L (Cr)
9.8310.199.8310.053.89L (Cr)

Vulcan Steel Limited — Last 12 Months Price History

MonthOpenHighLowCloseChange
10.9910.9910.1010.31-6.19%
10.9511.249.0510.88-0.64%
11.5511.999.4010.85-6.06%
11.9812.9910.3811.88-0.83%
11.0012.8910.9512.04+9.45%
8.6011.208.3011.00+27.91%
8.079.708.078.86+9.79%
8.109.406.828.34+2.96%
8.109.107.568.00-1.23%
8.128.557.737.87-3.08%
8.218.497.757.98-2.80%
7.858.907.708.33+6.11%

AI Research Briefing

Powered by Gemini · 2026-04-13

Vulcan Steel is a highly leveraged play on an Australasian construction recovery, complicated by integration risk and margin pressures.

Research Confidence
6.0/10Moderate
TURNAROUNDBreakdown, 1M: -3.01%, 3M: -4.91%, 6M: -16.5% [cite: brief].Expensive, P/E is 12.46x vs industry P/E of 28.63x [cite: brief].

WHAT'S HAPPENING NOW (last 2-4 weeks)

Vulcan Steel (VSL) released its 1H FY26 results. Revenue increased by 8.6% to NZ$535.4 million, but NPAT decreased by 9.3% to NZ$8.3 million. The company declared an interim dividend of NZ 2.5 cents per share. The results include three months of earnings from Roofing Industries, acquired for NZ$88 million, funded by a NZ$93.8 million capital raise.

CORE STORY (THE REAL GAME)

Why Now
  • Roofing Industries acquisition completed, providing potential synergies.
  • Signs of recovery in Australia and New Zealand.
  • Debt reduction improves balance sheet.
Potential Catalysts
  • Successful integration of Roofing Industries.
  • Significant margin expansion.
  • Stronger-than-expected construction activity in Australasia.
Key Risks
  • High debt-to-equity ratio (148%).
  • Continued margin compression.
  • Uncertainties in global trade policy.
Institutional Activity

Promoter holding increased slightly by 0.1% [cite: brief].

Macro Context

Mixed economic conditions in Australia and New Zealand, with potential headwinds from global trade policy uncertainties.

Cash Flow Quality

No, Free Cash Flow 5Y: ₹-5.57 Cr [cite: brief].

3–6 Month Outlook

Monitor the integration of Roofing Industries and margin trends over the next 3-6 months. A sustained recovery in construction activity is crucial for Vulcan's success.

Primary Thesis Risk

Failure to expand margins despite acquisitions will crush the turnaround thesis.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Good

Return on Equity (ROE)

17.05%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

22.33%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

20.49%

Average operating profit margin over 5 years

Dividend Yield

0.50%

Annual dividend as % of current share price

Vulcan Steel Limited Valuation Check

Good

Price to Earnings (P/E)

14.89x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

18.82x

Average P/E of all peers in this sector

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

Shareholding Pattern

Excellent

Promoter Holding

65.01%

% shares held by company founders/management

Poor

FII Holding

0.00%

% shares held by foreign institutional investors

Poor

DII Holding

2.01%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

43.30%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

-18.78%

Revenue growth vs same quarter last year

Poor

Revenue Growth (5-Year CAGR)

3.69%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

20.95%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

20.94%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.00x

Total debt ÷ equity. Below 0.5 = financially healthy

Interest Coverage Ratio

N/A

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-20.76 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

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

Vulcan Steel Limited Fundamental Analysis & Valuation Benchmarking

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

Positive Indicators

10 factors identified

Strong Return on Equity (17.05%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (22.33%)

Observation: Superior returns on capital employed across business operations.

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

Strong Operating Margins (20.49%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Attractive Valuation (P/E: 14.89 vs Industry: 18.82)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Robust Profit Growth (43.30%)

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

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

Excellent EPS Growth (20.95% CAGR)

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

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

Strong Profit Growth Track Record (20.94% CAGR)

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

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

Debt-Free Balance Sheet (D/E: 0.00)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Balanced Promoter Holding (65.01%)

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

4 factors identified

Revenue Contraction (-18.78%)

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

Analysis: Negative revenue growth requires analysis of market conditions.

Limited Growth History (3.69% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

Negative Free Cash Flow (₹-20.76 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 2.01%)

Observation: Low institutional participation may affect liquidity.

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

Vulcan Steel Limited vs Gems, Jewellery And Watches Peers

Peer Comparison - Gems, Jewellery And Watches

Compare Vulcan Steel Limited with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
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
53.3/100
10
₹112.89
14.9
Average
17.05%
Good
22.33%
Excellent
0.0
Excellent
20.94%
Excellent
3.69%
Average
0.50%
63.8/100
4875
₹406695.07
79.0
Average
37.69%
Excellent
20.54%
Excellent
1.9
Average
39.89%
Excellent
32.26%
Excellent
0.33%
58.1/100
613
₹56599.15
41.1
Average
24.80%
Excellent
20.52%
Excellent
1.0
Good
195.14%
Excellent
33.05%
Excellent
0.27%
67.5/100
5227
₹20626.37
58.4
Average
28.07%
Excellent
25.49%
Excellent
0.6
Good
32.49%
Excellent
36.12%
Excellent
0.27%
50.1/100
9
₹10253.64
14.3
Average
9.96%
Poor
9.58%
Poor
0.1
Excellent
63.07%
Excellent
3.49%
Average
0.00%
Sky Gold Ltd...
SKYGOLD541967
41.4/100
644
₹9761.86
35.5
Average
29.25%
Excellent
27.02%
Excellent
0.7
Good
0.00%
0/100
816
₹9581.21
645.6
Average
1.10%
Poor
7.07%
Poor
0.9
Good
0.00%
68.4/100
670
₹8073.95
19.6
Average
23.45%
Excellent
20.92%
Excellent
0.9
Good
273.14%
Excellent
41.37%
Excellent
0.00%
Ethos Ltd...
ETHOSLTD543532
52.8/100
2575
₹7120.33
74.2
Average
7.77%
Poor
9.82%
Poor
0.2
Excellent
82.60%
Excellent
33.06%
Excellent
0.00%
70/100
403
₹6107.99
10.6
Average
25.62%
Excellent
20.92%
Excellent
1.1
Average
56.47%
Excellent
25.94%
Excellent
0.27%
67.4/100
529
₹5615.42
70.8
Average
116.16%
Excellent
92.77%
Excellent
0.1
Excellent
64.09%
Excellent
41.48%
Excellent
0.00%

Vulcan Steel Limited PE Ratio History

Historical price-to-earnings ratio for VSL — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20241.63₹9.635.9x
FY 20231.18₹8.757.4x
FY 20223.95₹14.603.7x
FY 20210.39₹13.7135.5x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Vulcan Steel Limited Quarterly Performance

Latest quarterly metrics for VSL — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

-18.78%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

43.30%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

3.69%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

20.94%

Compounded annual net profit growth over 5 years

Vulcan Steel Limited Technical Indicators

SMA 50, SMA 200, RSI and volume signals for VSL — calculated from daily price history

75RSI 14
Overbought — RSI 75

Momentum is strong — price may be stretched. Watch for pullbacks.

SMA 50
11
▼ Price below SMA 50 — Short-term bearish
SMA 200
10
▲ Price above SMA 200 — Long-term uptrend
30-Day Avg Volume
315K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Vulcan Steel Limited Financial Statements

Annual income statement, balance sheet and cash flow for Vulcan Steel Limited (VSL) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Vulcan Steel Limited

About VSL (Vulcan Steel Limited)

Vulcan Steel Limited is a distinguished name in the gems, jewellery, and watches sector, renowned for its innovative use of steel in creating captivating and contemporary designs. ...Unlike traditional precious metals, Vulcan Steel boldly explores the inherent beauty and versatility of stainless steel, transforming it into striking statement pieces. The company specializes in crafting durable yet elegant jewellery, from sleek minimalist pendants and bold geometric bracelets to meticulously detailed steel timepieces that exude modern sophistication. With a focus on precision engineering and meticulous craftsmanship, Vulcan Steel Limited aims to redefine luxury by showcasing the unique potential of steel in the world of adornment. Vulcan Steel Limited distinguishes itself further by incorporating ethically sourced gemstones and lab-grown diamonds into its steel designs, adding a touch of brilliance and color. This commitment to responsible sourcing reflects the company's values of sustainability and transparency. The brand's collections showcase a diverse range of styles, catering to both men and women with discerning tastes. From rugged industrial-inspired designs to delicate and refined creations, Vulcan Steel Limited offers a contemporary alternative to traditional jewellery, appealing to individuals who appreciate innovation and individuality. Each piece reflects a fusion of strength and elegance, making a bold statement about the wearer's unique personality. More than just a jewellery and watch company, Vulcan Steel Limited is a pioneer in pushing the boundaries of design and materials. The brand actively collaborates with emerging designers and artists, fostering creativity and innovation within the industry. Their commitment to quality extends beyond the materials used to include exceptional customer service and a dedication to creating lasting relationships with their clientele. With a growing global presence, Vulcan Steel Limited continues to challenge conventions and inspire a new generation of jewellery enthusiasts who appreciate the beauty and versatility of steel.

Company Details

Symbol:VSL
Industry:Gems, Jewellery And Watches
Sector:Gems, Jewellery And Watches

Key Leadership

Mr. Rajeshbhai Shantilal Shah
Executive Director
Mr. Mahendrabhai Ramniklal Shah
MD, CFO & Executive Director

VSL Share Price: Frequently Asked Questions

What is the current share price of Vulcan Steel Limited?

Vulcan Steel Limited (VSL) trades at ₹10.40 on NSE and BSE. Market cap ₹112.89 (Cr). Educational data only.

What is the P/E ratio of Vulcan Steel Limited?

Vulcan Steel Limited has a P/E of 14.89x vs industry average 18.82x.

What is the Bull Run score for Vulcan Steel Limited?

Vulcan Steel Limited has a Bull Run score of 53.3/100 based on 25+ financial parameters.

Does Vulcan Steel Limited pay dividends?

Vulcan Steel Limited has a dividend yield of 0.50%. Past dividends don't guarantee future payments.

What is the ROE of Vulcan Steel Limited?

Vulcan Steel Limited has ROE of 17.05%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Vulcan Steel Limited?

Vulcan Steel Limited has debt-to-equity of 0.00.

Is Vulcan Steel Limited a good investment?

Bull Run gives Vulcan Steel Limited a score of 53.3/100. This is not investment advice — consult a SEBI-registered advisor.