NSE ScannerSteel & Iron · Steel · NSE: VSSL · data 2026-11-01
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 ₹52 cr for the quarter ended Sept 2026 (+51.9% on the same quarter a year earlier).
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 51.2% (unchanged in a year), pledged 0.0%, institutions 3.1%.
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).
Picked automatically from the latest reported figures with fixed rules; check the company's filings before relying on them.
Latest results in brief (Q2 FY27)
VSSL Q2 FY27 results (standalone figures, as filed on NSE).
Revenue was ₹600.05 crore, up 38.8% YoY and up 23.5% QoQ.
Net profit was ₹52.49 crore, up 51.9% YoY and up 27.4% QoQ.
Operating margin was 11.5% (10.5% a year ago).
EPS was ₹5.43, up 50.4% YoY and up 27.5% QoQ.
VSSL के Q2 FY27 नतीजे (स्टैंडअलोन आंकड़े, NSE पर दाखिल)।
राजस्व: ₹600.05 करोड़; पिछले साल की तुलना में 38.8% की बढ़त, पिछली तिमाही की तुलना में 23.5% की बढ़त।
शुद्ध मुनाफ़ा: ₹52.49 करोड़; पिछले साल की तुलना में 51.9% की बढ़त, पिछली तिमाही की तुलना में 27.4% की बढ़त।
ऑपरेटिंग मार्जिन: 11.5% (एक साल पहले 10.5%)।
EPS: ₹5.43; पिछले साल की तुलना में 50.4% की बढ़त, पिछली तिमाही की तुलना में 27.5% की बढ़त।
VSSLના Q2 FY27 પરિણામો (સ્ટેન્ડઅલોન આંકડા, NSE પર ફાઇલ કરેલા).
આવક (રેવન્યુ): ₹600.05 કરોડ; ગયા વર્ષની સરખામણીએ 38.8% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 23.5% વધારો.
ચોખ્ખો નફો: ₹52.49 કરોડ; ગયા વર્ષની સરખામણીએ 51.9% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 27.4% વધારો.
ઓપરેટિંગ માર્જિન: 11.5% (એક વર્ષ પહેલાં 10.5%).
EPS: ₹5.43; ગયા વર્ષની સરખામણીએ 50.4% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 27.5% 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 ₹ |
|---|---|---|---|---|---|
| Sept 2026 | ₹600 cr | ₹52 cr | +51.9% | 11.5% | 5.43 |
| Jun 2026 | ₹486 cr | ₹41 cr | +107.0% | 12.0% | 4.26 |
| Mar 2026 | ₹458 cr | ₹34 cr | +72.2% | 10.1% | 3.52 |
| Dec 2025 | ₹431 cr | ₹34 cr | +56.5% | 10.1% | 3.48 |
Shareholding trend
| Holder | Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 |
|---|---|---|---|---|
| Promoters | 51.18% | 51.06% | 51.06% | 51.10% |
| Foreign institutions (FII) | 0.57% | 0.55% | 0.55% | 0.54% |
| Domestic institutions (DII) | 2.52% | 3.27% | 3.34% | 3.31% |
| Mutual funds | 2.46% | 3.23% | 3.30% | 3.27% |
| Retail investors | 8.93% | 8.80% | 8.87% | 8.96% |
| Number of shareholders | 37,253 | 36,365 | 36,854 | 38,079 |
Common questions
What was Vardhman Special Steels Limited's latest quarterly profit?
Vardhman Special Steels Limited reported a net profit of ₹52 cr for the quarter ended Sept 2026 (+51.9% on the same quarter a year earlier), on revenue of ₹600 cr.
How much do promoters hold in Vardhman Special Steels Limited?
Promoters held 51.18% of Vardhman Special Steels Limited at the end of Sept 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 2026-11-01).
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 | 31.9 | 2.8 | 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.
Open VSSL in NSE Scanner →