Vardhman Special Steels Ltd

Vardhman Special Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vardhman Special Steels Ltd

₹ 262 1.12%
22 Nov - close price
vardhmansteel.com BSE: 534392 NSE: VSSL
About

Vardhman Special Steels is engaged in manufacturing of Billets, Steel bars & Rods and Bright Bars of various categories of special and alloy steels.

Key Points

Background
Vardhman Group ventured into the Steel business way back in 1973. In 2010, Vardhman Textiles Limited demerged the steel business into a separate legal entity Vardhman Special Steels Limited. [1]

Website BSE NSE
  • Market Cap ₹ 2,140 Cr.
  • Current Price ₹ 262
  • High / Low ₹ 345 / 185
  • Stock P/E 23.4
  • Book Value ₹ 92.7
  • Dividend Yield 0.76 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.83 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

Part of BSE Industrials BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Mar 2024 Jun 2024 Sep 2024
409 415 439 415 495
380 384 391 372 456
Operating Profit 29 31 49 42 39
OPM % 7% 8% 11% 10% 8%
7 6 9 6 9
Interest 4 5 5 5 5
Depreciation 7 7 9 8 8
Profit before tax 25 25 44 35 35
Tax % 26% 26% 25% 26% 26%
19 18 33 26 26
EPS in Rs 2.29 2.27 4.03 3.20 3.17
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024
1,661
1,519
Operating Profit 142
OPM % 9%
30
Interest 18
Depreciation 31
Profit before tax 123
Tax % 25%
92
EPS in Rs 11.25
Dividend Payout % 18%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Stock Price CAGR
10 Years: 36%
5 Years: 51%
3 Years: 28%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Sep 2024
Equity Capital 81 82
Reserves 638 674
84 142
237 275
Total Liabilities 1,040 1,172
325 321
CWIP 1 3
Investments 0 37
714 810
Total Assets 1,040 1,172

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024
Net Cash Flow

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024
Debtor Days 58
Inventory Days 129
Days Payable 63
Cash Conversion Cycle 123
Working Capital Days 98
ROCE %

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.87% 60.78% 60.81% 60.81% 60.81% 60.71% 60.71% 60.71% 60.67% 60.55% 60.55% 60.53%
0.39% 0.38% 0.31% 0.33% 0.54% 1.14% 1.22% 0.96% 0.75% 0.49% 0.64% 0.60%
1.05% 1.27% 1.27% 1.24% 0.79% 1.03% 1.06% 2.42% 2.50% 2.63% 3.14% 3.84%
37.70% 37.56% 37.61% 37.61% 37.86% 37.13% 37.03% 35.91% 36.08% 36.33% 35.67% 35.01%
No. of Shareholders 36,76536,34835,01333,56031,93430,12431,95131,90633,71532,86634,68335,229

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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