VARDHMAN SPC STEEL LTD
Latest filings
- Q2 FY27 results published: income up 24%, profit before tax down 46% · Compliance
- Audio recording link shared for Vardhman Special Steels Q2 FY27 call · Investor Communications
- Q2 FY27 revenue rises 39% and PAT rises 52% on stronger volumes · Investor Communications
Snapshot
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.
Scorecard
Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY25 — not investment advice
Strengths
Concerns
Nothing flagged in the filed numbers.Charts
How has the market priced it — with filings on the timeline?
VSSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from VARDHMAN SPC STEEL LTD's filed financials and exchange disclosures
What does VARDHMAN SPC STEEL LTD do?
VARDHMAN SPC STEEL LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol VSSL.
Is VARDHMAN SPC STEEL LTD profitable?
Yes. Over the trailing twelve months VARDHMAN SPC STEEL LTD reported a net profit of ₹93 Cr on revenue of ₹1,764 Cr.
Does VARDHMAN SPC STEEL LTD pay a dividend?
Yes. The dividend yield is 0.51% at the current price. It paid out 18% of its profit as dividend in FY25.
Is VARDHMAN SPC STEEL LTD debt-free?
No. It reported borrowings of ₹120 Cr on its 31 Mar 2025 balance sheet, or net debt of ₹109 Cr after cash. Debt stands at 0.15× equity. That is lower than 57% of its 101 Iron & Steel Products peers.
Is VARDHMAN SPC STEEL LTD expensive compared with its peers?
On trailing P/E, VARDHMAN SPC STEEL LTD ranks 74 of 105 in Iron & Steel Products — cheaper than 30% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.
How much does the VARDHMAN SPC STEEL LTD share price move in a day?
On a typical session VARDHMAN SPC STEEL LTD moves 1.22% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.
Where can I track VARDHMAN SPC STEEL LTD's announcements?
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.