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  • Overview
  • Key Ratios
  • Financials
  • Shareholding
  • Company Info
  • Peer Comparison

Vardhman Special Steels Ltd Steel - Medium / Small

  • Indian Private
  • BSE Code : 40412.0
  • ISIN : INE050M01012
349.05 -7 (-1.99%)
  • As on 23 Oct 2026 (EOD)
  • Today’s Low

    337.85
  • Today’s High

    359.10
  • Open

    352.55
  • Perv Close

    356.15
  • 52W Low

    206.40
  • 52W High

    428.25

Key Indicators

  • P/E(TTM)

    23.66

  • Mar.Cap (₹Cr.)

    3,378.05

  • Div & Yield %

    1.00

  • Book Value(₹)

    131.99

  • Debt-Equity Ratio

    -1.99

  • AGM Date

    22-Oct-2026

  • EPS

    14.81

  • P/E Ratio

    23.66

Financials Ratios

  • Debt-Equity Ratio

    0.12

  • Mar.Cap (₹Cr.)

    3,378.05

  • RONW (%)

    12.74

  • ROCE (%)

    17.54

Score Board

  • Equity (₹ in Cr.)

    96.78

  • BV (₹)

    132.00

  • Sales( ₹ in Cr.)

    1,754.43

  • NP (in Cr.)

    120.68

  • NP Var(%)

    32.0

  • Div%

    35.0

  • CPS (₹)

    15.90

  • EPS (₹)

    12.50

  • Traded Value (₹ in Lakhs)

    3,391.12

  • 52 Week High

    428.25

  • 52 Week Low

    206.40

  • Price BSE

    350.0

  • Price NSE

    349.00

  • Market Capital( in Cr.)

    3,391.12

  • P/C Ratio

    22.10

  • P/E Ratio

    28.10

  • Price Vs.BV

    12.50

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Financials

All Values are in (₹Cr)
Particulars(INCOME) 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar
INCOME :            
Sales Turnover 1,754.43 1,764.41 1,661.36 1,734.99 1,368.46 937.08
Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00
Net Sales 1,754.43 1,764.41 1,661.36 1,734.99 1,368.46 937.08
Other Income 42.35 29.11 29.82 38.75 28.89 12.96
Stock Adjustments -61.66 10.75 20.41 37.33 100.32 12.25
Total Income 1,735.12 1,804.27 1,711.59 1,811.07 1,497.67 962.29
EXPENDITURE :            
Raw Materials 974.39 1,093.68 1,032.04 1,146.47 897.14 537.41
Power and Fuel Cost 190.48 177.37 172.58 178.60 141.77 116.26
Employee Cost 114.28 103.39 96.21 89.95 80.99 59.61
Other Manufacturing Expenses 170.48 182.34 175.05 152.58 120.77 82.81
Selling and Administration Expenses 63.68 62.99 54.90 57.22 48.72 35.41
Miscellaneous Expenses 12.98 7.34 8.56 6.18 5.70 14.47
Employee Benefit Expenses 114.28 103.39 96.21 89.95 80.99 59.61
Less: Preoperative Expenditure 0.00 0.00 0.00 0.00 0.00 0.00
Total Expenses 1,526.29 1,627.11 1,539.33 1,630.99 1,295.10 845.97
Operating Profit 208.83 177.16 172.26 180.08 202.58 116.32
Interest 11.91 18.63 18.42 17.65 17.28 19.71
Gross Profit 196.92 158.53 153.84 162.43 185.30 96.61
Depreciation 32.87 33.47 30.98 28.12 26.96 30.23
Profit Before Tax 164.05 125.06 122.86 134.31 158.34 66.38
Current Tax 37.91 33.32 31.54 34.62 27.04 11.92
Fringe Benefit tax 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 4.12 -1.35 -0.31 -0.77 30.55 10.26
Reported Net Profit 122.02 93.09 91.63 100.45 100.75 44.19
Extraordinary Items 1.35 1.77 1.62 0.14 0.10 -2.26
Adjusted Net Profit 120.67 91.32 90.01 100.31 100.65 46.45
Adjustment below Net Profit 0.44 -0.28 0.18 -0.28 0.19 0.63
P & L Balance brought forward 467.70 391.19 315.64 229.66 134.80 89.93
Statutory Appropriations 0.00 0.00 0.00 0.00 0.00 0.00
Appropriations 28.95 16.30 16.25 14.20 6.08 -0.05
P & L Balance carried down 561.22 467.70 391.19 315.64 229.66 134.80
Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Preference Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Equity Dividend (%) 35.00 30.00 20.00 20.00 35.00 15.00
Dividend Per Share(Rs) 3.50 3.00 2.00 2.00 3.50 1.50
Earnings Per Share-Unit Curr 12.62 11.39 11.25 24.72 24.84 10.91
Earnings Per Share(Adj)-Unit Curr 12.62 11.39 11.25 12.36 12.42 5.46
Book Value 132.11 97.62 88.31 158.07 136.82 113.40
Book Value(Adj)-Unit Curr 132.11 97.62 88.31 79.04 68.41 56.70

Shareholding Pattern

  • Promoter Group

    51.18%

  • Public Share Holding

    48.82%

Category of Shareholder No of Shares % Holdings Demat Shares Shareholders
A]. Promoter & Group
Foreign (Promoter & Group) - Bodies Corporate 0 0.00 0 0
Foreign (Promoter & Group)-Individuals (Non-Resident / Foreign) 0 0.00 0 0
Foreign Promoter(Institutional) 0 0.00 0 0
Promoter Others 0 0.00 0 0
Sub Total 0 0.00 0 0
[2] INDIAN
Bodies Corporate-Indian (Promoter & Group) 36,219,684 37.46 36,219,684 8
Government(Central / State)-Indian (Promoter & Group) 0 0.00 0 0
Directors & their Relatives-Indian (Promoter & Group) 0 0.00 0 0
Financial Institutions / Banks-Indian (Promoter & Group) 0 0.00 0 0
Individuals / Hindu Undivided Family-Indian (Promoter & Group) 12,208,493 12.63 12,208,493 10
Partnership Firms-Indian (Promoter & Group) 0 0.00 0 0
Persons Acting in Concert 0 0.00 0 0
Trusts 1,065,822 1.10 1,065,822 1
Others 0 0.00 0 0
Sub Total 49,493,999 51.18 49,493,999 19
Total ShareHolding for Promoter & Group
B]. Publice Share Holding
1] Institution
Government(Central / State) 0 0.00 0 0
Clearing Members 0 0.00 0 0
Corporate Bodies 0 0.00 0 0
Foreign Direct Investments 0 0.00 0 0
Financial Institutions / Banks 3,596 0.00 410 12
Foreign Bank 0 0.00 0 0
Foreign Bodies Corporate/OCBs/FBC 0 0.00 0 0
Foreign Collaborators 0 0.00 0 0
Foreign Institutional Investors 552,793 0.57 552,689 34
Foreign Venture Capital Investors 0 0.00 0 0
Foreign Institution Other 0 0.00 0 0
Insurance Companies 0 0.00 0 0
Mutual Funds / UTI 2,383,193 2.46 2,383,153 5
Individuals (Non-Resident / Foreign) 0 0.00 0 0
NSDL Intransit 0 0.00 0 0
Others 45,838 0.05 45,838 3
Trusts 0 0.00 0 0
Venture Capital Funds 0 0.00 0 0
Sub total 2,985,420 3.09 2,982,090 54
2] Non Institution
Bodies Corporate 1,105,456 1.14 1,097,761 230
Clearing Members 69,069 0.07 69,069 12
Directors of their Relatives 66,724 0.07 66,724 2
Employees 0 0.00 0 0
Escrow Account 0 0.00 0 0
Foreign Corporate Bodies 0 0.00 0 0
Foreign Direct Investments 0 0.00 0 0
NRIs/Foreign Individuals/Foreign Nationals 516,605 0.53 516,263 1,111
Foreign Non Institution Other 24,029,358 24.85 24,029,358 1
Hindu Undivided Families 860,698 0.89 860,566 586
Indian Public 0 0.00 0 0
Individuals holding nominal share capital in excess of Rs. 1 lakh 7,804,102 8.07 7,804,102 103
Individuals holding nominal share capital up to Rs. 1 lakh 8,636,241 8.93 8,411,057 35,106
Market Maker 0 0.00 0 0
NSDL Transit 0 0.00 0 0
Shares in transit 0 0.00 0 0
Societies 0 0.00 0 0
Trust & Foundation 192 0.00 192 3
Others 104,090 0.11 104,090 3
Sub Total 44,221,759 45.73 43,988,406 37,180
Total Public Shareholding
C]. Shares held by Custodians and against which Depository Receipts have been issued
ADR 0 0.00 0 0
GDR 0 0.00 0 0
Other Custodians 0 0.00 0 0
Total Shares held by Custodians and against which Depository Receipts have been issued 0 0.00 0 0
Grand Total ( A + B + C ) 96,701,178 100.00 96,464,495 37,253

Company Background

Vardhman Special Steels LtdSteel - Medium / Small

  • Vardhman Special Steels Ltd
  • BSE Code : 40412.0
  • ISIN : INE050M01012
  • Incorporation Year

    2010

  • Registered Office

    Vardhman Premises
    Chandigarh Road, Ludhiana,
    Punjab-141010

  • Telephone

    91-0161-2228943-48

  • FAX

    91-0161-2601048/2220766

  • Chairman

    Sachit Jain

  • Managing Director

    Sachit Jain

  • Company Secretary

    Sonam Dhingra

  • Auditor

    B S R & Co LLP

  • Face Value

    10

  • Listing

    NSE

  • Registrar

    Alankit Assignments Ltd
    Alankit Heights ,
    1E/13 Jhandewalan Ex,
    Mumbai - New Delhi-110055

Vardhman Special Steels Ltd Peer Comparison

Profit & Loss
Financial Ratios
Balance Sheet
Select Company Name LTP (₹) Revenue Sales P/E Ratio ROCE %
Vardhman Special 350.40 1,796.78 1,754.43 23.66 15.34
Gandhi Spl. Tube 867.50 203.61 191.77 13.11 31.22
Kalyani Steels 867.05 1,902.05 1,845.61 14.46 14.08
Sunflag Iron 385.90 3,955.75 3,939.38 34.33 4.09
Orissa Sponge 219.40 551.63 550.35 -58.35 0.00
Tata Steel 172.80 141,885.92 139,720.22 12.63 10.97
Mukand 152.85 5,336.44 4,762.30 3.34 5.50
Standard Battery 37.19 0.10 0.00 -38.74 0.00
Mipco Seaml Ring 32.30 4.31 4.31 46.14 1.46
Zenith Steel 5.12 73.77 49.97 30.12 0.74
Western Ministil 0.60 0.00 0.00 -1.40 0.00