What the business is, and whether it's a good one at a fair price.
Manufactures specialty steel — melted and processed into bars, rods, and bright bars — for automotive and engineering customers including Toyota, Maruti, and European OEMs. A forging joint venture with Japan's Aichi Steel is being set up at Ludhiana to make ring gears and precision-forged auto components for OEMs in India, Europe, ASEAN, Africa, and Mexico. Q1 FY27 sold 59,000 tons at ₹486 crore revenue (+12% YoY) and an EBITDA per ton of ₹10,750-10,760; FY28 EBITDA per ton guidance has been raised to ₹8,000-12,000. Current melting capacity is 3 lakh tons, with an environmental clearance application to lift it to 3.6 lakh tons and a separate 5 lakh ton greenfield plant targeted for FY29-30 commissioning. The forging unit carries a ₹475 crore capex (tracking >10% below estimate) and aims to commission by March 2028 with revenue from FY30. Materials are the largest cost at 55.5% of FY26 revenue, when the company reported ₹1,754.43 crore in revenue and ₹122.02 crore in net profit.
Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY25 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from VARDHMAN SPC STEEL LTD's filed financials and exchange disclosures
VARDHMAN SPC STEEL LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol VSSL.
Yes. Over the trailing twelve months VARDHMAN SPC STEEL LTD reported a net profit of ₹93 Cr on revenue of ₹1,764 Cr.
Yes. The dividend yield is 0.42% at the current price. It paid out 18% of its profit as dividend in FY25.
No. Debt stands at 0.15× equity, and it carries net debt of ₹109 Cr. That is lower than 50% of its 114 Iron & Steel Products peers.
On trailing P/E, VARDHMAN SPC STEEL LTD ranks 95 of 118 in Iron & Steel Products — cheaper than 20% of them, against an industry median of 16.2×. This is a position, not a valuation judgement.
On a typical session VARDHMAN SPC STEEL LTD moves 1.14% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by VARDHMAN SPC STEEL LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
