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Vardhman Special Steels Limited

Capital Goods · Industrial Products

NSE: VSSL BSE: 534392
₹401.05
▼ -4.80 (-1.18%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
65/100
Moderate
Valuation
27/100
Expensive
Momentum
54/100
Neutral

QVM read Mixed signals Quality Moderate, Valuation Expensive, Momentum Neutral

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

Key Metrics

Market Capitalization
₹3,878 Cr
PE (TTM)
27.0
Industry median 24.4 (265 companies)
Price to Book
4.9
PEG (TTM)
Data unavailable (needs 8 quarters of EPS).
Institutions holding %
3.82%
FII + DII, latest filed period
Piotroski Score
5
Relative return vs Nifty50, qtr %
49.2
Relative return vs Sector, qtr %
54.5
Free Cash Flow
₹-137 Cr
as of March 31, 2026
Industry median ₹-0 Cr (379 companies)
EPS Growth (YoY)
75.31%
as of June 30, 2026
Industry median 18.18% (314 companies)
Net Profit Growth (TTM)
16.51%
as of June 30, 2026
Industry median 12.01% (310 companies)
Operating Revenue Growth (TTM)
2.00%
as of June 30, 2026
Industry median 8.28% (307 companies)
Profit Growth (YoY)
107.02%
as of June 30, 2026
Industry median 15.23% (307 companies)
Revenue Growth (YoY)
12.06%
as of June 30, 2026
Industry median 16.28% (288 companies)
Current Ratio
2.90
as of March 31, 2026
Industry median 2.00 (375 companies)
Debt to Equity
0.07
as of March 31, 2026
Industry median 0.15 (334 companies)
Interest Coverage
17.53
as of June 30, 2026
Industry median 6.34 (319 companies)
Net Margin
8.47%
as of June 30, 2026
Industry median 5.55% (300 companies)
Operating Margin (EBIT)
12.08%
as of June 30, 2026
Industry median 9.14% (306 companies)
Operating Margin (TTM)
11.31%
as of June 30, 2026
Industry median 8.26% (317 companies)
Return on Assets
5.60%
as of March 31, 2026
Industry median 4.65% (315 companies)
Return on Capital Employed
13.50%
as of March 31, 2026
Industry median 11.69% (315 companies)
Return on Equity
7.17%
as of March 31, 2026
Industry median 8.58% (315 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

1 of 7 met
  • No Revenue is higher than a year earlier in each of the last 4 quarters
  • No Quality score is Strong (70 or more)
  • No Piotroski F-score is 7 or more (score 5)
  • Yes Debt to equity is below 0.5 (0.07)
  • No Return on equity is 15% or more (7.2%)
  • No Net cash flow for the latest year is positive
  • No Cash from operations is higher than the year before

Ownership

2 of 3 met
  • No FII/FPI or DII holding rose in the latest quarter
  • Yes Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)

Peer comparison

2 of 3 met
  • Yes 1-year return beats the industry median
  • No Revenue growth beats the industry median
  • Yes Profit growth beats the industry median

Value and momentum

1 of 6 met
  • No Price sits in the Buy zone of its own historical PE range (Overvalued (above its own historical PE range))
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • Yes Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
-1.2%
Low 395.0000 · High 414.0000
1W return
-3.0%
Low 390.0500 · High 418.3500
1M return
12.6%
Low 345.5500 · High 428.2500
52W return
35.6%
Low 206.4000 · High 428.2500
Lifetime High ₹425.4500 (April 11, 2023)
Lifetime Low ₹11.1000 (Dec. 2, 2013)

Full price history and technicals →

EMA & SMA

Bullish4
Bearish2
5D
405.2
10D
403.0
20D
392.1
50D
361.9
100D
331.7
200D
288.7

Delivery and volume

Day avg. delivery
51.8%
Week avg. delivery
49.1%
Month avg. delivery
20.6%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

403.35
Pivot
First resistance411.70
Second resistance422.35
Third resistance430.70
First support392.70
Second support384.35
Third support373.70
Day RSI60.6
Day MFI93.0
Day MACD15.77
Day MACD signal17.24

Beta

1M1.90
3M0.63
1Y1.02
3Y0.94

Price change analysis

↑ 12.6%
Over 1 Month
LowHigh
345.55428.25
↑ 47.3%
Over 3 Months
LowHigh
266.00428.25
↑ 79.1%
Over 6 Months
LowHigh
215.50428.25
↑ 35.6%
Over 1 Year
LowHigh
206.40428.25
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 27.0 (own history: 16.0–23.8)
Overvalued (above its own historical PE range)
Revenue (June 30, 2026)
₹486 Cr
Net profit (June 30, 2026)
₹41 Cr
Basic EPS (June 30, 2026)
₹4.2600

Ranks #68 of 335 in Industrial Products by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter51.06%
  • Mutual funds3.23%
  • FII/FPI0.55%
  • Other DII0.04%
  • Public45.12%

Largest holders

NameCategoryShares %Shares
AICHI STEEL CORPORATIONPublic24.8500%24029358
VARDHMAN TEXTILES LIMITEDPromoter20.0800%19416666
SACHIT JAINPromoter11.6500%11259292
VARDHMAN HOLDINGS LIMITEDPromoter10.8000%10437908
DEVAKAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITEDPromoter4.5800%4430032

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings were unchanged at 51.06% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings were unchanged at 0.55% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings decreased from 3.30% to 3.23% in Jun 2026 qtr

3 mutual fund schemes also hold this stock.

All shareholding details →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
23 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0
23 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0
23 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0
16 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0
12 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0
12 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0
12 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0
9 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0
9 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0
7 Jun 2021 SACHIT JAIN Promoter group Buy 0 ₹0

All insider and SAST disclosures →

DateClientDealActionQuantityPriceExchange
19 Oct 2023 GRAVITON RESEARCH CAPITAL LLP Bulk Buy 492,979 222.4500 NSE
19 Oct 2023 GRAVITON RESEARCH CAPITAL LLP Bulk Sell 492,979 222.5800 NSE
5 Aug 2021 GRAVITON RESEARCH CAPITAL LLP Bulk Buy 268,055 278.1500 NSE
5 Aug 2021 GRAVITON RESEARCH CAPITAL LLP Bulk Sell 268,055 278.4300 NSE
16 Mar 2021 SACHIT JAIN Bulk Buy 220,000 155.0000 NSE
8 Nov 2017 SACHIT JAIN Block Buy 2,704,423 161.5000 NSE
8 Nov 2017 ADISHWAR ENTERPRISES LLP Block Sell 2,704,423 161.5000 NSE
8 Nov 2017 SACHIT JAIN Bulk Buy 2,704,423 161.5000 NSE
8 Nov 2017 ADISHWAR ENTERPRISES LLP Bulk Sell 2,704,423 161.5000 NSE
8 Nov 2017 SACHIT JAIN Block Buy 2,704,423 161.5000 NSE

All bulk and block deals →

Last 12 months ₹3.50 per share
Dividend yield 0.87%
Ex-dateSubjectPer share (₹)Record date
— Final Dividend - Rs. - 3.5000 — —
28 Aug 2026 Dividend - Rs 3.50 Per Share 3.5000 28 Aug 2026
12 Sep 2025 Dividend - Rs 3 Per Share 3.0000 12 Sep 2025
6 Sep 2024 Annual General Meeting/ Dividend - Rs 2 Per Share 2.0000 —
15 Sep 2023 Annual General Meeting/Dividend - Rs 2 Per Share 2.0000 —
16 Sep 2022 Annual General Meeting/Dividend - Rs 3.50 Per Share 3.5000 —
2 Sep 2021 Annual General Meeting/Dividend - Rs 1.50 Per Share 1.5000 —

Corporate Actions

Full history (18 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
26 May 2023BONUSBonus 1:1
11 Sep 2020OTHER Annual General Meeting
5 Sep 2019OTHER Annual General Meeting
12 Sep 2018OTHER Annual General Meeting
7 Sep 2017OTHER Annual General Meeting
7 Apr 2017RIGHTS Rights 2:3 @ Premium Rs 40/-

All corporate actions →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
22 Jul 2026 Financial Results Yes
28 Apr 2026 Financial Results/Dividend Yes
20 Jan 2026 Financial Results Yes
28 Oct 2025 Financial Results Yes
25 Jul 2025 Financial Results Yes

Corporate Announcements

All 925 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
30 Sep 2026 Company Update Vardhman Special Steels Ltd - 534392 - Announcement under Regulation 30 (LODR)-Change in Management
30 Sep 2026 Company Update Vardhman Special Steels Ltd - 534392 - Announcement under Regulation 30 (LODR)-Cessation
30 Sep 2026 Resignation of Director/KMP/SMP Vardhman Special Steels Limited has informed the Exchange about Resignation of Director/KMP/SMP
30 Sep 2026 Appointment Vardhman Special Steels Limited has informed the Exchange regarding Appointment of Mr Koichiro Hayashida as Senior Management Personnel of the Company, designated as the President (Forging Division) w.e.f. October 01, 2026.
30 Sep 2026 Cessation Vardhman Special Steels Limited has informed the Exchange regarding Cessation of Mr. Koichiro Hayashida as Non- Executive Director of the company w.e.f. October 01, 2026.
29 Sep 2026 Trading Window Vardhman Special Steels Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
29 Sep 2026 Insider Trading / SAST Vardhman Special Steels Ltd - 534392 - Closure of Trading Window
18 Sep 2026 AGM/EGM Vardhman Special Steels Ltd - 534392 - Shareholder Meeting / Postal Ballot-Outcome of AGM
18 Sep 2026 AGM/EGM Vardhman Special Steels Ltd - 534392 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
18 Sep 2026 AGM/EGM Vardhman Special Steels Ltd - 534392 - Shareholder Meeting / Postal Ballot-Outcome of AGM

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Low financial leverage (Debt/Equity 0.07)
  • Comfortable interest coverage (17.5x)
  • Healthy liquidity (Current Ratio 2.90)

Weaknesses

  • Low Return on Equity (7.2%)

Opportunities

Data unavailable.

Threats

Data unavailable.

Data unavailable (no single-stock futures or options activity on record for this company).

Frequently asked questions about Vardhman Special Steels Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.