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Vardhman Special Steels Ltd

VSSL

Vardhman Special Steels Ltd

VSSL
MaterialsIron & Steel
SmallcapWith a market cap of ₹1,888 cr, stock is ranked 1,179
Moderate RiskStock is 2.57x as volatile as Nifty
231.501.27% (+2.90)
231.501.27% (+2.90)

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MaterialsIron & Steel
SmallcapWith a market cap of ₹1,888 cr, stock is ranked 1,179
Moderate RiskStock is 2.57x as volatile as Nifty

How to use scorecard? Learn more

MaterialsIron & Steel
SmallcapWith a market cap of ₹1,888 cr, stock is ranked 1,179
Moderate RiskStock is 2.57x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
17.732.620.86%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
29.423.341.39%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Vardhaman Special Steels Limited is engaged in the manufacturing of billet, steel bars and rods, and bright bars of various categories of special and alloy steels.

Investor Presentation

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Nov 7, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 8.54%, vs industry avg of 9.83%

Constant Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share stayed at 0.21%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 32.79%, vs industry avg of 4.81%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue655.39679.45865.071,122.63855.60950.041,397.351,773.741,691.181,778.33
Raw Materialssubtract325.08364.22488.90834.15393.61537.41897.141,146.471,032.041,582.81
Power & Fuel Costsubtract107.56109.48127.81132.3595.49116.26141.77178.60172.58
Employee Costsubtract33.6939.8046.7351.3048.1359.6180.9989.9596.21
Selling & Administrative Expensessubtract23.6625.8131.1632.3629.2836.2648.7257.2254.90
Operating & Other expensessubtract121.1474.66102.432.76239.9784.1826.16121.42163.19
Depreciation/Amortizationsubtract17.0318.0721.5123.9225.7230.2326.9628.1230.9833.11
Interest & Other Itemssubtract23.0228.2821.4323.6625.7219.7117.2817.6518.4219.64
Taxes & Other Itemssubtract0.000.000.06-0.06-5.6622.1857.5933.8531.2336.29
EPS0.411.882.051.550.222.738.2912.3711.2613.07
DPS0.000.000.000.000.000.381.751.002.002.00
Payout ratio0.000.000.000.000.000.140.210.080.180.15

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

May 14PDF
FY 2022

Annual report

PDF

Investor Presentation

Apr 30PDF
Jan 29PDF
Aug 5PDF
FY 2023

Annual report

PDF

Investor Presentation

Apr 28PDF
Jan 31PDF
Nov 2PDF
Jul 25PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 2PDF
FY 2025

Annual Report Pending

Investor Presentation

Nov 7PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Vardhman Special Steels Ltd20.612.620.86%
JSW Steel Ltd25.322.801.00%
Tata Steel Ltd-39.491.902.56%
Jindal Steel And Power Ltd16.042.130.21%

Price Comparison

Compare VSSL with any stock or ETF
Compare VSSL with any stock or ETF
VSSL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding60.53%3.71%0.14%0.60%35.02%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep1.22%0.97%0.75%0.49%0.64%0.60%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 4 Mutual Funds holding Vardhman Special Steels Ltd




Funds (Top 4)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Tata Small Cap Fund-Direct Plan-Growth

Growth
3.0794%0.61%-0.07%55/59 (-9)
ICICI Prudential Smallcap Fund - Growth - Direct Plan

Growth
1.3864%0.31%0.20%110/130 (-1)
JM Small Cap Fund - Direct Plan - Growth

Growth
0.2888%0.88%-0.23%76/86 (-15)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 6, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 6, 2024

Cash Dividend

Ex DateEx DateSep 15, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 15, 2023

Cash Dividend

Ex DateEx DateSep 16, 2022

Final
Final | Div/Share: ₹3.50

Dividend/Share

3.50

Ex DateEx Date

Sep 16, 2022

Cash Dividend

Ex DateEx DateSep 2, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 2, 2021

News & Opinions
Corporate
Vardhman Special Steels appoints director

Vardhman Special Steels has appointed Randhir Singh Kalsi (DIN: 01453119) as an Independent Director on the Board of the Company for a consecutive term of 5 (five) years w.e.f. 07 November 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Vardhman Special Steels standalone net profit rises 39.87% in the September 2024 quarter

Net profit of Vardhman Special Steels rose 39.87% to Rs 25.82 crore in the quarter ended September 2024 as against Rs 18.46 crore during the previous quarter ended September 2023. Sales rose 19.18% to Rs 494.82 crore in the quarter ended September 2024 as against Rs 415.19 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales494.82415.19 19 OPM %7.917.50 - PBDT43.0832.11 34 PBT34.6824.80 40 NP25.8218.46 40 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Vardhman Special Steels to conduct board meeting

Vardhman Special Steels will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Vardhman Special Steels allots 63,000 equity shares under ESOP

Vardhman Special Steels has allotted 63,000 equity shares under ESOP on 01 October 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Vardhman Special Steels AGM scheduled

Vardhman Special Steels announced that the Annual General Meeting (AGM) of the company will be held on 19 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live

Vardhman Special Steels standalone net profit rises 40.44% in the June 2024 quarter

5 months agoBusiness Standard
Earnings
Vardhman Special Steels standalone net profit rises 40.44% in the June 2024 quarter

Net profit of Vardhman Special Steels rose 40.44% to Rs 26.08 crore in the quarter ended June 2024 as against Rs 18.57 crore during the previous quarter ended June 2023. Sales rose 1.32% to Rs 414.78 crore in the quarter ended June 2024 as against Rs 409.36 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales414.78409.36 1 OPM %10.227.14 - PBDT43.3432.25 34 PBT35.0525.00 40 NP26.0818.57 40 Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Vardhman Special Steels to announce Quarterly Result

Vardhman Special Steels will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live

5 months agoCapital Market - Live

Vardhman Special Steels allots 35,250 equity shares under ESOP

5 months agoBusiness Standard

Secretary, Ministry of Steel Nagendra Nath Sinha congratulates VSSL on Golden Jubilee; VSSL Board recommends 1:1 bonus share

1 year agoBusiness Standard