NSE ScannerSteel & Iron · Steel · NSE: VSSL · data 2026-10-31
Vardhman Special Steels Limited
In plain words
Price: 23.3% below its 52-week high of ₹428.25.
Delivery: 43.6% of traded shares were kept for delivery over the last 10 sessions, against 46.6% over the last 60.
Latest results: a net profit of ₹34 cr for the quarter ended Mar 2026.
A description of the data, not a recommendation.
Key figures
Growth
| Revenue (last 12 months) | ₹1,807 cr |
| Net profit (last 12 months) | ₹143 cr |
| Sales growth, 3 years (yearly) | 0.4% |
| Profit growth, 3 years (yearly) | 6.7% |
At a glance
Promoters 51.1% (-9.3 pts in a year), pledged 0.0%, institutions 3.9%.
P/E 22.1, dividend yield 1.1%. Price relative to earnings and book value (low is cheaper, not better).
ROE 11.8%, ROCE 15.3%, operating margin 10.1%: how much profit it earns on the money it uses.
Debt/equity 0.07, Profit growth 6.7% and sales growth 0.4% a year over 3 years.
Ratings use fixed thresholds on the latest reported figures. They describe the numbers and are not a recommendation.
Strengths and limitations
- Virtually debt-free (debt/equity 0.1 or less).
- Slow sales growth (0.4% a year over 3 years).
- Promoters cut their holding by 9.3 points in a year.
Picked automatically from the latest reported figures with fixed rules; check the company's filings before relying on them.
Latest results in brief (Q4 FY26)
VSSL Q4 FY26 results (standalone figures, as filed on NSE).
Revenue was ₹457.92 crore, up 6.4% QoQ.
Net profit was ₹33.98 crore, up 1.2% QoQ.
Operating margin was 10.1%.
EPS was ₹3.52, up 1.1% QoQ.
VSSL के Q4 FY26 नतीजे (स्टैंडअलोन आंकड़े, NSE पर दाखिल)।
राजस्व: ₹457.92 करोड़; पिछली तिमाही की तुलना में 6.4% की बढ़त।
शुद्ध मुनाफ़ा: ₹33.98 करोड़; पिछली तिमाही की तुलना में 1.2% की बढ़त।
ऑपरेटिंग मार्जिन: 10.1%।
EPS: ₹3.52; पिछली तिमाही की तुलना में 1.1% की बढ़त।
VSSLના Q4 FY26 પરિણામો (સ્ટેન્ડઅલોન આંકડા, NSE પર ફાઇલ કરેલા).
આવક (રેવન્યુ): ₹457.92 કરોડ; ગયા ક્વાર્ટરની સરખામણીએ 6.4% વધારો.
ચોખ્ખો નફો: ₹33.98 કરોડ; ગયા ક્વાર્ટરની સરખામણીએ 1.2% વધારો.
ઓપરેટિંગ માર્જિન: 10.1%.
EPS: ₹3.52; ગયા ક્વાર્ટરની સરખામણીએ 1.1% વધારો.
Written from the filed numbers. Not a recommendation.
Smart-money activity
15/100 · Weak over the last ~60 sessions, data 2026-10-30
- Delivery vs usual 10/30: Delivery 33.4% over the last 20 sessions vs 25.5% in the 40 before (1.31x); shares delivered per day 0.63x usual; 0 delivery-spike days (3x usual shares delivered, 40%+ delivery) in the last 20 sessions.
- Bulk/block deals 0/20: No bulk or block deals in the last 90 days.
- Insider / SAST buys 0/15: No insider buy or SAST acquisition filings in the last 90 days. Insider sells are not collected by the site, so only buy filings count.
- Mutual fund holding 0/15: No mutual fund scheme lists this stock. Latest monthly portfolios only (top 60 holdings per scheme); month-on-month change is not stored.
- Accumulation evidence 0/15: No accumulation evidence row (only saved-scan stocks have one; 0 points).
- Promoter pledges 5/5: No promoter pledge filings in 90 days.
A description of recorded activity (delivery, deals, insider buys, fund holding, pledges), not a recommendation. Today's most active stocks.
Story so far
● Dividend ● Results
- 28 Aug 26Dividend Dividend ₹3.5 (ex-date) -0.5% next session
- 8 May 26Results Q4 FY26 results: net profit ₹34 cr -0.8% next session
- 20 Jan 26Results Q3 FY26 results: profit +56.5% YoY -5.6% next session
- 12 Sept 25Dividend Dividend ₹3 (ex-date) +1.2% next session
- 29 Jan 25Results Q3 FY25 results: net profit ₹21.5 cr +10.9% next session
From official exchange filings and NSE data. How the price moved after an event describes the past, not what comes next.
Quarterly results (standalone)
| Quarter | Revenue | Net profit | Profit YoY | Op. margin | EPS ₹ |
|---|---|---|---|---|---|
| Mar 2026 | ₹458 cr | ₹34 cr | — | 10.1% | 3.52 |
| Dec 2025 | ₹431 cr | ₹34 cr | +56.5% | 10.1% | 3.48 |
| Dec 2024 | ₹427 cr | ₹21 cr | — | 8.2% | 2.63 |
| Jun 2024 | ₹415 cr | ₹26 cr | +40.4% | 10.2% | 3.2 |
Shareholding trend
| Holder | Mar 2026 | Mar 2025 |
|---|---|---|
| Promoters | 51.06% | 60.37% |
| Foreign institutions (FII) | 0.55% | 0.65% |
| Domestic institutions (DII) | 3.34% | 4.17% |
| Mutual funds | 3.30% | 4.14% |
| Retail investors | 8.87% | 10.73% |
| Number of shareholders | 36,854 | 36,287 |
Common questions
What was Vardhman Special Steels Limited's latest quarterly profit?
Vardhman Special Steels Limited reported a net profit of ₹34 cr for the quarter ended Mar 2026, on revenue of ₹458 cr.
How much do promoters hold in Vardhman Special Steels Limited?
Promoters held 51.06% of Vardhman Special Steels Limited at the end of Mar 2026, with 0.00% of promoter shares pledged.
Is Vardhman Special Steels Limited debt-free?
Its latest reported debt-to-equity ratio is 0.07, which is very low.
What is Vardhman Special Steels Limited's P/E ratio?
About 22.1, based on the last 12 months' earnings and a price of ₹328.35 (data 2026-10-31).
What is the 52-week high and low of Vardhman Special Steels Limited?
The 52-week high is ₹428.25 and the 52-week low is ₹206.4.
Compared with similar companies
| Company | Price | Market cap | P/E | P/B | ROE | ROCE | Debt/eq. | 1-yr return |
|---|---|---|---|---|---|---|---|---|
| Vardhman Special Steels Limited | ₹328.35 | ₹3,171 cr | 22.1 | — | 11.8% | 15.3% | 0.07 | +10.6% |
| Kirloskar Industries Limited | ₹3,145.4 | ₹3,302 cr | 22.3 | — | 3.6% | 6.2% | 0.18 | -17.4% |
| John Cockerill India Limited | ₹6,650.5 | ₹3,295 cr | — | — | 5% | 8.3% | 0.03 | +27.8% |
| Ratnaveer Precision Engineering Limited | ₹360.25 | ₹3,019 cr | 32.7 | — | 12.4% | 14.8% | 0.5 | +139.1% |
| JTL Industries Limited | ₹76.29 | ₹3,004 cr | 26.5 | — | 7.3% | 9.6% | 0.16 | +12.4% |
| A-One Steels India Limited | ₹371 | ₹2,874 cr | — | — | — | — | — | -18.5% |
Compare VSSL with KIRLOSIND in detail →
The full analysis has the price chart, every quarterly result with YoY/QoQ growth, the balance sheet and cash flow with an accounting red-flag check, shareholding quarter by quarter with big investors, news, filings and bulk/block deals.
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