Vardhman Special Steels Unveils Ambitious EBITDA and Production Targets Through FY28
Vardhman Special Steels Limited (VSSL) has announced its financial and production targets for the upcoming years. The company aims to reach full production capacity of 270,000 tons by FY28, with EBITDA per ton projected to increase from INR 7,000-10,000 in FY26 to INR 8,000-11,000 in FY28. At full capacity, VSSL expects to achieve an EBITDA between INR 216.00 crores and INR 300.00 crores. The company plans to scale up production gradually, targeting around 245,000 tons in FY27 before reaching full capacity in FY28. VSSL held an earnings call on November 3, 2025, to discuss Q2 & H1 FY26 performance, with the audio recording available on their website.
*this image is generated using AI for illustrative purposes only.
Vardhman Special Steels Limited (VSSL) has recently outlined its financial and production targets for the coming years, showcasing a robust growth strategy aimed at enhancing its market position in the special steels sector.
Financial Projections
The company has set forth a series of ambitious EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) targets linked to its production capacity:
| Fiscal Year | Production Capacity (tons) | EBITDA per ton (INR) | Potential EBITDA (INR crores) |
|---|---|---|---|
| FY26 | - | 7,000 - 10,000 | - |
| FY27 | ~245,000 | 8,000 - 11,000 | - |
| FY28 | 270,000 (Full Capacity) | 8,000 - 11,000 | 216.00 - 300.00 |
At full production capacity of 270,000 tons, Vardhman Special Steels expects to achieve a minimum EBITDA of INR 216.00 crores, with the potential to reach INR 300.00 crores.
Production Scale-Up Plans
VSSL has outlined a clear roadmap for scaling up its production:
- FY27: Estimated production volume of around 245,000 tons
- FY28: Aim to achieve full capacity of 270,000 tons
The company's strategy indicates a gradual ramp-up in production, aligning with its projected EBITDA growth.
Future Outlook
Vardhman Special Steels appears optimistic about its future performance, as evidenced by the projected increase in EBITDA per ton:
- FY26: INR 7,000 - 10,000 per ton
- FY27: INR 8,000 - 11,000 per ton
- FY28 and beyond: Potential to reach INR 8,000 - 12,000 or even INR 9,000 - 12,000 per ton
These projections suggest that the company expects to improve its operational efficiency and profitability as it scales up production.
Investor Communication
In line with its commitment to transparency, VSSL held an earnings conference call on November 3, 2025, to discuss the company's business and financial performance for Q2 & H1 FY26. The audio recording of this call has been made available on the company's website, allowing investors and analysts to gain deeper insights into the company's strategies and performance.
As Vardhman Special Steels moves forward with its ambitious plans, investors and market watchers will likely keep a close eye on the company's progress towards achieving these targets. The successful realization of these goals could potentially strengthen VSSL's position in the special steels market and enhance shareholder value in the coming years.
Historical Stock Returns for Vardhman Special Steels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.42% | -2.74% | -2.94% | +22.75% | +3.31% | +673.45% |
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