| Quarterly Financials | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
Revenue  | 417 | 421 | 406 | 448 | 420 | 504 | 434 | 435 |
| Expenses | 380 | 384 | 364 | 391 | 372 | 456 | 392 | 397 |
| EBITDA | 37 | 37 | 42 | 58 | 48 | 49 | 42 | 39 |
| Operating Profit % | 7 % | 8 % | 8 % | 11 % | 10 % | 8 % | 8 % | 7 % |
| Depreciation | 7 | 7 | 7 | 9 | 8 | 8 | 9 | 8 |
| Interest | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 4 |
| Profit Before Tax | 25 | 25 | 29 | 44 | 35 | 35 | 29 | 27 |
| Tax | 6 | 6 | 7 | 11 | 9 | 9 | 7 | 7 |
| Net Profit | 19 | 19 | 22 | 33 | 26 | 26 | 22 | 20 |
| EPS in ₹ | 2.29 | 2.27 | 2.68 | 4.02 | 3.20 | 3.17 | 2.63 | 2.42 |
Vardhman Special Steels
Vardhman Special Steels
268.65
+0.25
(0.09%)
There are new updates from the company22 hours ago
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Market Cap
2,592.60 Cr
EPS
11.40
PE Ratio
28.12
Dividend Yield
0.95 %
Industry
Industrial Products52 Week High
322.00
52 Week Low
178.00
PB Ratio
2.19
Debt to Equity
0.13
Sector
Iron & Steel Products
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Company News
View All News
Vardhman Special Steels Limited held its 15th Annual General Meeting on September 24, 2025, where shareholders approved all 10 resolutions. Key approvals included adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025, dividend declaration, and re-appointment of directors Mrs. Suchita Jain and Mrs. Soumya Jain. Shareholders also approved the appointment of Mr. Koichiro Hayashida as Non-Executive Non-Independent Director and resolved not to fill the vacancy caused by retirement of Mr. Rajeev Gupta. The meeting approved ratification of Cost Auditors' remuneration for FY2026, appointment of M/s Harsh Goyal & Associates as Secretarial Auditors for five years, and interim use of funds raised from Aichi Steel Corporation through preferential allotment. The meeting had 37,083 shareholders on record date with 19 promoter group members and 37 public shareholders attending via video conferencing. Voting participation was 80.3% of outstanding shares.
Vardhman Special Steels Limited announced a change in leadership designation effective September 25, 2025. Sachit Jain, who held the position of Vice-Chairman & Managing Director, has been designated as Chairman & Managing Director. This change follows the cessation of directorship of Rajeev Gupta, who served as Chairman (Non-Executive Director) on the company's Board.
Vardhman Special Steels Limited appointed Mr. Dinkar Gupta and Mr. Nishant Arya as Independent Directors on the company's Board for five-year terms effective September 25, 2025, subject to shareholder approval. Mr. Dinkar Gupta is a Commerce graduate with a Master's degree in Police Administration, an Indian Police Service Officer of the 1987 batch with over 30 years of security domain experience. He served as Director General of the National Investigation Agency from June 2022 to March 2024 and as Director-General of Punjab Police from 2019-2021. Mr. Nishant Arya graduated in Business Administration from Bradford University, UK and is Vice Chairman & MD of the $3.3 billion JBM Group and Chairman of Linde Wiemann GmbH, Germany. JBM Group operates across Electric Vehicles & Buses, EV Charging Infrastructure, Environment Management, Renewable Energy, and Auto systems. Both directors have no pecuniary relationship with other company directors and are not debarred from holding directorship positions.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,660.10 | #1 46,071.90 | 57.56 | 20,785.60 | 14.25 | 757 | 22.77 | 55.74 | |
907.25 | 25,324.20 | 27.37 | 15,368.10 | #1 15.08 | 909 | 5.29 | 48.87 | |
860.90 | 22,660.80 | 13.90 | 14,167.30 | -19.42 | #1 1,902 | 40.86 | 46.94 | |
256.51 | 17,167.20 | 23.19 | 5,471.70 | -1.47 | 813 | -24.57 | 62.11 | |
2,413.80 | 16,918.80 | 29.64 | 5,246.10 | 2.22 | 542 | 20.02 | 58.80 | |
656.10 | 15,830.40 | 35.07 | 4,308.30 | 1.75 | 401 | 42.58 | 50.14 | |
448.90 | 13,679.90 | 33.86 | 3,513.50 | 7.59 | 406 | -2.89 | 80.02 | |
206.32 | 13,194.30 | #1 7.67 | #1 20,947.80 | -0.84 | 1,458 | -0.22 | 52.31 | |
596.80 | 7,997.10 | 9.11 | 5,465.90 | -1.45 | 777 | 78.80 | 35.21 | |
68.88 | 6,688.20 | 28.27 | 2,666.90 | -12.30 | -94 | #1 393.38 | 67.65 |
Automatic Screeners on ScanX
Forecast
Actual
Growth Rate
Revenue Growth
6.05 %
Net Income Growth
1.64 %
Cash Flow Change
-10.88 %
ROE
-8.40 %
ROCE
-6.48 %
EBITDA Margin (Avg.)
0.39 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2024 | 2025 |
| Total Assets | 1,040 | 1,136 |
| Fixed Assets | 325 | 309 |
| Current Assets | 674 | 661 |
| Capital Work in Progress | 1 | 117 |
| Investments | 0 | 18 |
| Other Assets | 714 | 693 |
| Total Liabilities | 1,040 | 1,136 |
| Current Liabilities | 283 | 313 |
| Non Current Liabilities | 37 | 25 |
| Total Equity | 719 | 798 |
| Reserve & Surplus | 638 | 716 |
| Share Capital | 82 | 82 |
Cash Flow
| Cash Flow | 2024 | 2025 |
| Net Cash Flow | -2 | 3 |
| Investing Activities | -50 | -127 |
| Operating Activities | 142 | 127 |
| Financing Activities | -94 | 3 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | May 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Jul 2025 |
| Promoter | 60.73 % | 60.87 % | 60.87 % | 60.87 % | 60.78 % | 60.81 % | 60.81 % | 60.81 % | 60.71 % | 60.71 % | 60.71 % | 60.71 % | 60.67 % | 60.56 % | 60.56 % | 60.53 % | 60.49 % | 60.37 % | 51.13 % | 51.13 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.97 % | 0.00 % | 0.49 % | 0.64 % | 0.60 % | 0.58 % | 0.65 % | 0.50 % | 0.50 % |
| DIIs | 4.23 % | 0.01 % | 0.78 % | 1.02 % | 1.24 % | 1.24 % | 1.24 % | 0.79 % | 1.04 % | 1.06 % | 1.06 % | 2.43 % | 2.43 % | 2.63 % | 3.15 % | 3.85 % | 4.51 % | 4.17 % | 3.54 % | 3.54 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 18.70 % | 22.52 % | 23.73 % | 23.58 % | 23.42 % | 23.41 % | 23.13 % | 23.48 % | 22.76 % | 22.20 % | 22.25 % | 20.94 % | 20.41 % | 20.23 % | 19.59 % | 19.90 % | 19.52 % | 19.83 % | 16.46 % | 16.46 % |
| Others | 16.35 % | 16.61 % | 14.63 % | 14.54 % | 14.56 % | 14.53 % | 14.81 % | 14.92 % | 15.49 % | 16.03 % | 15.98 % | 14.95 % | 16.49 % | 16.08 % | 16.07 % | 15.12 % | 14.90 % | 14.98 % | 28.37 % | 28.37 % |
| No of Share Holders | 0 | 18,214 | 26,104 | 31,577 | 36,765 | 36,348 | 35,013 | 33,560 | 30,124 | 30,992 | 31,951 | 31,906 | 33,715 | 32,866 | 34,683 | 35,229 | 36,348 | 36,287 | 35,856 | 35,856 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.5 | 3.5 | 2 | 2 | 3 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.32 | 1.76 | 0.94 | 1 | 1.12 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 10 Apr 2017 |  Rights | 2:3 | 07 Apr 2017 | 55.49 | 52.88 |
| 06 Sept 2021 |  Dividend | ₹ 1.50 /share | 02 Sept 2021 | 95.35 | 127.18 |
| 20 Sept 2022 | Dividend | ₹ 3.50 /share | 16 Sept 2022 | 127.65 | 126.88 |
| 26 May 2023 |  Bonus | 1:1 | 26 May 2023 | 202.33 | 207.08 |
| 16 Sept 2023 | Dividend | ₹ 2.00 /share | 15 Sept 2023 | 191.38 | 211.50 |
| 07 Sept 2024 | Dividend | ₹ 2.00 /share | 06 Sept 2024 | 295.80 | 285.50 |
| 19 Sept 2024 |  Annual General Meeting | NA | 19 Sept 2024 | 284.95 | 287.30 |
| 07 Nov 2024 |  Quarterly Result Announcement | NA | 07 Nov 2024 | 263.60 | 276.10 |
| 29 Jan 2025 | Quarterly Result Announcement | NA | 29 Jan 2025 | 229.90 | 213.83 |
| 22 Apr 2025 | Quarterly Result Announcement | NA | 22 Apr 2025 | 208.79 | 203.26 |
| 25 Jun 2025 |  Extraordinary General Meeting | NA | 25 Jun 2025 | 270.99 | 243.05 |
| 25 Jul 2025 | Quarterly Result Announcement | NA | 25 Jul 2025 | 258.95 | 270.30 |
| 12 Sept 2025 | Dividend | ₹ 3.00 /share | 12 Sept 2025 | 203.26 | 274.45 |
| 24 Sept 2025 | Annual General Meeting | NA | 24 Sept 2025 | 257.65 | 275.55 |
Announcements
Closure of Trading Window
22 hours ago
22 hours agoShareholder Meeting / Postal Ballot-Outcome of AGM2 days ago
2 days agoShareholder Meeting / Postal Ballot-Scrutinizers Report2 days ago
2 days agoChange In Designation Of Mr. Sachit Jain From The Vice Chairman & Managing Director To The Chairman & Managing Director.2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Change in Directorate2 days ago
2 days ago AGM - Updates3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Change in Directorate3 days ago
3 days agoShareholder Meeting / Postal Ballot-Outcome of AGM3 days ago
3 days agoAnalysts/Investors Meet - Outcome4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation9 days ago
9 days agoDemat Report For The Month Ended August 2025.Sep 06, 2025
Sep 06, 2025 Dispatch Of Letter To The Members Of The Company.Sep 03, 2025
Sep 03, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 03, 2025
Sep 03, 2025Business Responsibility and Sustainability Reporting (BRSR)Sep 02, 2025
Sep 02, 2025Corporate Action - Fixes Record Date For DividendSep 02, 2025
Sep 02, 2025Reg. 34 (1) Annual Report.Sep 02, 2025
Sep 02, 2025Shareholders Meeting - AGM On 24-09-2025.Sep 02, 2025
Sep 02, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 21, 2025
Aug 21, 2025Demat Report For The Month Ended July 2025.Aug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 01, 2025
Aug 01, 2025Link Of Audio RecordingJul 28, 2025
Jul 28, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 26, 2025
Jul 26, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Jul 25, 2025Results - Un-Audited Financial Results For The Quarter Ended 30.06.2025Jul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 23, 2025
Jul 23, 2025Board Meeting Intimation for Consideration And Approval Of The Un-Audited Financial Results Of The Company For The Quarter Ended 30Th June 2025.Jul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsJul 22, 2025
Jul 22, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 12, 2025
Jul 12, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jul 08, 2025
Jul 08, 2025Intimation Under Regulation 169(5) Of The SEBI (Issue Of Capital And Disclosure Requirements) Regulations 2018Jul 04, 2025
Jul 04, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateJul 04, 2025
Jul 04, 2025Announcement under Regulation 30 (LODR)-AllotmentJul 04, 2025
Jul 04, 2025Demat Report For The Month Ended June 2025.Jul 03, 2025
Jul 03, 2025Closure of Trading WindowJun 28, 2025
Jun 28, 2025Shareholder Meeting / Postal Ballot-Outcome of EGMJun 25, 2025
Jun 25, 2025Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportJun 25, 2025
Jun 25, 2025Outcome Of The Extra-Ordinary General Meeting Held On June 25 2025.Jun 25, 2025
Jun 25, 2025Shareholder Meeting / Postal Ballot-Outcome of EGMJun 25, 2025
Jun 25, 2025Intimation Under Regulation 30 Of SEBI LODR Regulations 2015Jun 23, 2025
Jun 23, 2025Intimation Under Regulation 29(1)(D) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jun 20, 2025
Jun 20, 2025Newspaper PublicationJun 19, 2025
Jun 19, 2025Corrigendum To The Notice Of Extra-Ordinary General MeetingJun 18, 2025
Jun 18, 2025Outcome Of Analysts/ Investors Meet - 17.06.2025Jun 17, 2025
Jun 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 11, 2025
Jun 11, 2025Demat Report For The Month Ended May 2025Jun 06, 2025
Jun 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 04, 2025
Jun 04, 2025Shareholder Meeting - EGM On 25.06.2025Jun 03, 2025
Jun 03, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 03, 2025
Jun 03, 2025Technical Indicators
RSI(14)
Neutral 51.42
ATR(14)
Less Volatile 8.58
STOCH(9,6)
Neutral 37.17
STOCH RSI(14)
Oversold 15.76
MACD(12,26)
Bearish -0.50
ADX(14)
Weak Trend 18.70
UO(9)
Bearish 34.35
ROC(12)
Uptrend And Accelerating 0.43
WillR(14)
Neutral -74.33
Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 ICICI Prudential Children's Fund Direct-Growth | 0.05% | 27406 | 0.05% | 0.05% | |
| ICICI Prudential Smallcap Fund Direct Plan-Growth | 0.30% | 0 | -0.02% | -0.01% | |
 JM Aggressive Hybrid Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
| JM Small Cap Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Tata Small Cap Fund Direct - Growth | 0.53% | 0 | -0.02% | -0.03% |
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