Vardhman Special Steels Ltd

534392

Summary

Fair Value Assessment
Undervalued (13% Discount)
Fair ValueQ240.77UncertaintyHigh
Close Price208.40Feb 27, 2025
204.05
Price Down by 4.35 | 2.09 %
Previous Close
208.40
Day Range
204.05 – 206.00
Year Range
185.90 – 345.25
Bid / Ask
204.00 × 205.35
Market Cap
16.7 Bil
Volume / Average
118.0 / 3.4 k
Beta (5-Year)
1.09
Shares Outstanding
81.73 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Vardhman Special Steels Ltd is engaged in manufacturing steel bars and rods. The company caters to diverse requirements of hot-rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries. Its products include Carbon steel, Carbon manganese steel, Chrome steel, Chrome manganese steel, Chrome moly steel, Boron steel, Vanadium steel, and Ball bearing steel. The company manufactures products using techniques such as Steel melting, Rolling Mill, Heat treatment and Bright bar shop. It generates a majority of its revenue from the sale of black bars. The company's operations are mainly located within India and also has a presence outside India.
Contact
Chandigarh Road Vardhman Premises, Ludhiana, PB 141 010
T +91 1612228943
www.vardhmansteel.com opens in a new tab
Sector
Basic Materials
Industry
Steel
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
1,247

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
17.64 16.50 17.21 13.55 9.29 8.40
Revenue Growth %
8.26% -4.12% 27.02% 45.87% 10.62% -22.13%
Gross Profit
3.86 3.37 3.07 3.25 2.24 1.42
Gross Profit Margin %
21.88% 20.43% 17.87% 24.00% 24.07% 16.91%
Operating Income
1.57 1.37 1.45 1.74 0.84 0.20
Operating Margin %
8.91% 8.33% 8.45% 12.83% 9.05% 2.43%
EBIT
1.60 1.39 1.50 1.68 0.77 0.21
EBIT Margin %
9.04% 8.42% 8.69% 12.39% 8.27% 2.53%
EBITDA
1.94 1.70 1.78 1.95 1.07 0.47
EBITDA Margin %
10.98% 10.30% 10.33% 14.39% 11.52% 5.60%
Net Income
1.06 0.92 1.00 1.01 0.44 0.03
Net Profit Margin %
6.02% 5.55% 5.84% 7.44% 4.76% 0.40%
Basic EPS
13.02 11.26 12.38 12.44 5.47 0.45
Diluted EPS
12.93 11.19 12.30 12.36 5.47 0.45
Normalized EPS
Total Dividends per Share
2.00 2.00 1.75 0.75
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
11.72 10.40 10.31 9.21 8.03 7.70
Total Liabilities
4.16 3.20 3.88 3.66 3.43 3.57
Total Debt
1.42 0.84 1.44 1.62 1.91 2.66
Total Equity
7.56 7.19 6.42 5.55 4.59 4.14
Cash And Cash Equivalents
0.07 0.08 0.10 0.02 0.02
Working Capital
3.98 3.91 3.78 3.34 2.52 1.15
Shares Outstanding (Bil)
0.08
Book Value Per Share
88.09 78.88 68.33 56.64 51.11
Total Debt To Equity
0.19 0.12 0.22 0.29 0.41 0.64
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
0.96 1.42 0.74 0.59 0.87 1.35
Cash From Investing Activities
-0.37 -0.50 -0.15 -0.09 0.07 -0.88
Cash From Financing Activities
-0.63 -0.94 -0.49 -0.52 -0.94 -0.45
Capital Expenditures
0.68 0.29 0.35 0.09 0.36
Free Cash Flow
0.53 0.93 1.21 0.79 -0.18
Change in Cash
-0.04 -0.02 0.09 -0.02 0.02

Profile

There is no Key Executive Team data available.
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
Tata Small Cap Fund Reg Gr 2.77 0.60 2,264,422
Jan 31, 2025
ICICI Pru Smallcap Gr 1.22 0.30 1,000,652
Jan 31, 2025
Sameeksha India Equity Fund Not Rated 0.68 1.27 553,062
-1,355
0.24%
Jun 30, 2024
JM Aggressive Hybrid Gr 0.26 0.67 213,812
-3,728
1.71%
Jan 31, 2025
Dimensional Emerging Markets Cr Eq 2 ETF Not Rated 0.02 0.00 18,406
Jan 31, 2025
Total (for Top 5) 4.96 4,050,354
-5,083

© Copyright 2025 Morningstar, Inc. All rights reserved.
Terms of Use    Privacy Policy
© Copyright 2025 Morningstar, Inc. All rights reserved. Please read our Terms of Use above. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
As of December 1st, 2023, the ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
Company: Morningstar India Private Limited; Regd. Office: 9th floor, Platinum Technopark, Plot No. 17/18, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra, India; CIN: U72300MH2004PTC245103; Telephone No.: +91-22-61217100; Fax No.: +91-22-61217200; Contact: Morningstar India Help Desk (e-mail: helpdesk.in@morningstar.com) in case of queries or grievances.
Top