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Vardhman Special Steels Limited (VSSL.NS)
INR296.10
+0.50 (+0.17%)
IN NSE Basic Materials Steel
Address
C-58, Focal Point 141010
Ludhiana, IN
Ludhiana, IN
CEO
Sachit Jain
Website
vardhmansteel.com
IPO
2012-05-17
ISIN INE050M01012
Also trades on
Bombay Stock Exchange · VSSL.BO (INR)
National Stock Exchange of India · VSSL.NS (INR)
Description
Vardhman Special Steels Limited, established in 1973 and based in Ludhiana, India, is a manufacturer and international supplier of billets, steel bars, and bright bars. The company produces these products from various categories of special and alloy steels, serving key industries including engineering, automotive, tractor, and bearing sectors.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
INR296.10
+0.50 (+0.17%)
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Volume Profile
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Liquidity & share structure
Average Volume
134.7K
Beta
0.42
Float Shares
7.82M
Free Float %
8.1%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +3.06% | +0.16% | +0.05% | +19.18% | -4.41% | -2.88% | +8.21% | +36.91% | +176.29% | +905.64% | +2,112.74% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
296.10
DCF (Unlevered)
173.61
-41.4%
DCF (Levered)
183.86
-37.9%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
| Rating | 2025-04 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
6.26
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Steel: +1.2%-0.6% Q1'26: +7.0% (vs Q1'25)
-
EPS growth Steel: +17.4%+15.5% Q1'26: +45.0% (vs Q1'25)
-
FCF margin FCF growth · Steel: +44.2%+4.0% Q1'26: -13.9% (vs Q1'25)
-
EBIT margin Steel: +5.8%+10.0% ★ Q1'26: +10.6% (vs Q1'25)
-
ROIC Steel: +4.3%+11.7% ★ Q1'26: +12.9% (vs Q1'25)
-
Share dilution Steel: +0.0%+13.5% Q1'26: +18.7% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Steel: 0.57×0.45× ★ Q1'26: 0.41× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 1 Rev. Ana. 1 EPS Ana. |
Mar 2027 1 Rev. Ana. 1 EPS Ana. |
Mar 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
8.57B
est: 8.68B (-1.3%)
|
10.78B
est: 11.41B (-5.5%)
|
8.40B
est: 12.08B (-30.5%)
|
9.37B
est: 13.80B (-32.1%)
|
13.68B
est: 13.68B (+0.0%)
|
17.35B
est: 17.42B (-0.4%)
|
16.61B
est: 17.96B (-7.5%)
|
17.64B
est: 17.20B (+2.6%)
|
17.45B
17.45B – 17.45B
+1.5% YoY
|
17.84B
17.84B – 17.84B
+2.2% YoY
|
18.63B
18.63B – 18.63B
+4.4% YoY
|
| EBITDA |
680.37M
est: 1.00B (-32.3%)
|
697.16M
est: 363.15M (+92.0%)
|
491.21M
est: 1.40B (-64.8%)
|
1.15B
est: 1.60B (-27.8%)
|
2.03B
est: 1.58B (+28.0%)
|
1.80B
est: 2.01B (-10.6%)
|
1.71B
est: 2.08B (-17.5%)
|
1.77B
est: 1.98B (-10.3%)
|
2.01B
2.01B – 2.01B
+1.5% YoY
|
2.05B
2.05B – 2.05B
+2.2% YoY
|
2.14B
2.14B – 2.14B
+4.4% YoY
|
| EBIT |
451.94M
est: 820.78M (-44.9%)
|
457.98M
est: 553.73M (-17.3%)
|
221.62M
est: 1.14B (-80.6%)
|
849.88M
est: 1.30B (-34.8%)
|
1.75B
est: 1.29B (+35.2%)
|
1.52B
est: 1.65B (-7.7%)
|
1.38B
est: 1.70B (-18.5%)
|
1.44B
est: 1.66B (-13.4%)
|
1.68B
1.68B – 1.68B
+1.5% YoY
|
1.72B
1.72B – 1.72B
+2.2% YoY
|
1.80B
1.80B – 1.80B
+4.4% YoY
|
| Net Income |
250.36M
est: 286.76M (-12.7%)
|
222.06M
est: 343.00M (-35.3%)
|
33.40M
est: 241.52M (-86.2%)
|
441.95M
est: 286.55M (+54.2%)
|
1.01B
est: 1.02B (-0.8%)
|
1.00B
est: 1.14B (-11.7%)
|
916.28M
est: 1.21B (-24.4%)
|
930.88M
est: 1.13B (-17.9%)
|
1.12B
1.12B – 1.12B
-0.8% YoY
|
1.32B
1.32B – 1.32B
+17.4% YoY
|
1.54B
1.54B – 1.54B
+16.9% YoY
|
| SGA |
240.52M
est: 253.11M (-5.0%)
|
249.03M
est: 4.48B (-94.4%)
|
190.49M
est: 351.92M (-45.9%)
|
224.64M
est: 402.20M (-44.1%)
|
308.77M
est: 398.70M (-22.6%)
|
365.25M
est: 507.70M (-28.1%)
|
324.62M
est: 523.47M (-38.0%)
|
1.03B
est: 418.83M (+146.9%)
|
425.01M
425.01M – 425.01M
+1.5% YoY
|
434.51M
434.51M – 434.51M
+2.2% YoY
|
453.57M
453.57M – 453.57M
+4.4% YoY
|
| EPS |
3.95
est: 3.50 (+12.8%)
|
2.74
est: 2.95 (-7.1%)
|
0.44
est: 2.95 (-85.1%)
|
5.47
est: 3.50 (+56.3%)
|
12.43
est: 12.40 (+0.2%)
|
12.38
est: 13.90 (-10.9%)
|
11.26
est: 14.80 (-23.9%)
|
11.40
est: 12.20 (-6.6%)
|
12.10
12.10 – 12.10
-0.8% YoY
|
14.20
14.20 – 14.20
+17.4% YoY
|
16.60
16.60 – 16.60
+16.9% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-06-12 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-06-11 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-06-10 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-06-09 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-06-08 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-06-05 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-06-04 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-06-03 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-06-02 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-06-01 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-29 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-27 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-26 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-25 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-22 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-21 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-20 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-19 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-18 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-15 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-14 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-13 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-12 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-11 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-08 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-07 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-06 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-05 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-04 | A- | 4/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-30 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
360.38M
OE per share TTM
4.41
Owner's Yield
1.35%
Maintenance CapEx ratio
24.61%
Maint CapEx / Avg PPE
25.9%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 4 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Dimensional - Emerging Markets Core Equity 2 ETF DFEM | 0.00% | 71.8K | 0.39% |
| 2 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 19.5K | 0.28% |
| 3 | Dimensional - Emerging Core Equity Market ETF DFAE | 0.00% | 8.4K | 0.29% |
| 4 | Dimensional - Emerging Markets ex China Core Equity ETF DEXC | 0.00% | 229.05 | 0.56% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
1.41M
Shares Outstanding
96.69M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Sachit Jain | Chairman & MD | 82M | male |
| Soumya Jain | Executive Director | 25M | female |
| Rajendar Kumar Rewari PGDPM | Executive Director | 25M | male |
| Sanjeev Singla | Chief Financial Officer | 8M | male |
| Manuj Mehta | Senior Vice President & Head of HR | — | male |
| Amit Chopra | Vice President and Head of New Project Planning & PPC | — | — |
| Jagdish Chand | General Manager of Works | — | male |
| Sonam Dhingra | Compliance Officer & Company Secretary | — | female |
| Davinder Singh | Vice President & Head of Domestic Marketing | — | — |
| Arghya Ghoshal | VP & Head of Production Department | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for VSSL.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
