Vardhman Special Steels Q1 FY27 results and capacity expansion roadmap

Mgmt Guided Margin ImprovementAnalyst Day Multiyear TargetsInvestor Communications View source PDF

VSSL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.8%1-day move

₹303.85

prior close

₹305.40

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.1+0.5+0.5-0.5-2.8-1.9————————

Up moveDown movePending

AI summary

Vardhman Special Steels posted strong Q1 FY27 results. Revenue rose 12% YoY to ₹486 Cr; EBITDA surged 74% to ₹68.29 Cr; PAT doubled to ₹41.19 Cr. Volumes grew to 59,103 tonnes. Management outlined ₹2,600 Cr capex for greenfield steel plant and ₹475 Cr forging facility with Aichi Steel, targeting 15-20% forging EBITDA margins and ₹9-12k EBITDA per tonne within 2 years.

Likely market impact

Strong margin expansion and clear growth roadmap via Aichi Steel partnership. Multi-year capex plan supports long-term value but may pressure near-term returns.