Vardhman Special Steels Limited (VSSL) fundamentals

Vardhman Special Steels Limited is a listed company in Industrial Products, part of the Capital Goods sector, listed on the NSE as VSSL (ISIN INE050M01012). This page carries its reported financials, balance sheet, cash flow, shareholding pattern and valuation ratios.

What Vardhman Special Steels Limited does

Vardhman Special Steels Limited is an India-based company engaged in the business that consists of manufacturing of billets, steel bars and bright bars of various categories of special and alloy steels. The Company’s end product supply condition is bright bars and hot-rolled bars. The Company supplies its end products to automobile manufacturers, such as Off Highway Vehicles, Tractors, Cars, and Two wheelers. It has a single segment, namely Manufacturing of Steel products and operations. It produces a variety of steels in terms of type and size. The Company offers products, such as hot rolled, round corner square, peeled and reeled bars, peeled and ground bars, drawn and ground bars, and heat treatment bars. The Company also offers Case Hardening Steel, Through Hardening Steel, Boron Steel, Micro Alloyed Steel, Boron Steel, Plain Carbon Steel, Ball Bearing Steel, Free/Semi Free Cutting Steel, and Spring Steel.

Valuation and market data

Last close₹397.45
Market capitalisation₹3,688 crore
Enterprise value₹3,708 crore
P/E (TTM)30.22
Price to book2.89
Price to sales (TTM)1.18
Book value per share₹137.66
Dividend yield163.54%
SectorCapital Goods
IndustryIndustrial Products
Listed sinceThu May 17

Annual results

PeriodRevenueProfit before taxNet profitEPS
Mar 2026₹1,797 crore₹164 crore₹122 crore13.15
Mar 2025₹1,794 crore₹125 crore₹93 crore11.40
Mar 2024₹1,691 crore₹123 crore₹92 crore11.24
Mar 2023₹1,774 crore₹134 crore₹100 crore12.35
Mar 2022₹1,397 crore₹158 crore₹101 crore24.87

Figures are as reported (standalone), in ₹ crore.

Shareholding pattern

As of Jun 2026:

Promoters51.1%
Foreign institutions (FII)0.6%
Mutual funds3.2%
Other domestic institutions0.0%
Retail and others45.1%

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Data is sourced from exchange filings and vendor feeds and is for research, not investment advice. Figures can be restated by the company after publication.