Vardhman Special

Why is Vardhman Special Steels Ltd falling/rising?

As of 01-Sep, Vardhman Special Steels Ltd's stock price is 355.35, down 0.27%, but it has increased 38.67% over the past year and outperformed the Sensex. Despite a recent decline in trading activity, the company's strong financial position suggests potential for recovery.

As of 01-Sep, Vardhman Special Steels Ltd is experiencing a slight decline in its stock price, currently at 355.35, reflecting a change of -0.95 (-0.27%). Despite this recent drop, the stock has shown strong performance over various periods, with a notable increase of 38.67% over the past year and 24.84% year-to-date. <BR><BR>The stock's performance has outpaced the benchmark Sensex, which has declined by 4.26% over the same one-year period. Additionally, Vardhman Special Steels has demonstrated impressive returns over longer periods, including a 63.68% increase over three years and a remarkable 181.80% rise over five years. <BR><BR>However, today's performance indicates that the stock has underperformed its sector by -0.71%. This may be attributed to a significant drop in investor participation, as evidenced by a delivery volume of 31.93k on August 31, which has fallen by -58.76% compared to the five-day average. Despite this decline in trading activity, the stock remains above its moving averages across various time frames, suggesting a generally positive trend in the longer term.<BR><BR>The company's strong financial position, characterized by a low Debt to EBITDA ratio of 0.56 times and positive quarterly results, further supports the stock's resilience. Overall, while Vardhman Special Steels Ltd is currently facing a minor decline, its long-term performance and financial health indicate a strong foundation for potential recovery.

Which are the latest news on Vardhman Special?

Who are in the management team of Vardhman Special?

The management team of Vardhman Special includes Rajinder Kumar Jain (Director), Rajeev Gupta (Chairman), Sachit Jain (Vice Chairman & Managing Director), and several independent directors such as Sanjeev Pahwa and Rakesh Jain, among others, ensuring effective governance and strategic direction.

The management team of Vardhman Special includes the following individuals:<BR><BR>1. **Rajinder Kumar Jain** - Director<BR>2. **Rajeev Gupta** - Chairman (Non-Executive)<BR>3. **Sanjeev Pahwa** - Independent Director<BR>4. **Suchita Jain** - Director<BR>5. **Bal Krishan Choudhary** - Director<BR>6. **Sachit Jain** - Vice Chairman & Managing Director<BR>7. **Sonam Taneja** - Company Secretary & Compliance Officer<BR>8. **Sanjoy Bhattacharyya** - Independent Director<BR>9. **Rakesh Jain** - Independent Director<BR>10. **Raghav Chandra** - Independent Director<BR>11. **Vidya Shah** - Independent Director<BR>12. **Toshio Ito** - Director<BR>13. **Suman Chatterjee** - Independent Director<BR><BR>This team comprises a mix of executive and independent directors, contributing to the governance and strategic direction of the company.

What does Vardhman Special do?

Vardhman Special Steels Ltd is a leading producer of high-quality special steel for the automotive industry, with a market cap of INR 3,378 Cr and reported net sales of 486 Cr and net profit of 41 Cr for June 2026. The company, incorporated in 2010, operates in the Iron & Steel Products sector and is categorized as a Small Cap company.

Overview:<BR>Vardhman Special Steels Ltd is a leading producer of high-quality special steel for the automotive industry, operating within the Iron & Steel Products sector and categorized as a Small Cap company.<BR><BR>History:<BR>The company was incorporated on 14 May 2010 in Ludhiana. It has maintained its status as a special steel producer, with the latest reported quarterly results for net sales and profit being for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 486 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 41 Cr (Quarterly Results - Jun 2026)<BR>- Market-cap: INR 3,378 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 37.00<BR>- Industry P/E: 25<BR>- Dividend Yield: 1.87%<BR>- Debt Equity: -0.09<BR>- Return on Equity: 11.22%<BR>- Price to Book: 2.63<BR><BR>Contact Details:<BR>Address: Vardhman Premises, Chandigarh Road Ludhiana Punjab : 141010<BR>Tel: 91-0161-2228943-48<BR>Email: secretarial.lud@vardhman.com<BR>Website: http://www.vardhmansteel.com

Who are the peers of the Vardhman Special?

Vardhman Special's peers include Surya Roshni, Goodluck India, Kalyani Steels, Sambhv Steel, Welspun Special, JTL Industries, Venus Pipes, Ratnaveer Precis, and Mahamaya Steel. Key insights show Vardhman Special has good management risk and capital structure, with a 1-year return of 40.36%, outperforming Surya Roshni but underperforming Mahamaya Steel, which leads with a 315.48% return.

Peers: The peers of Vardhman Special are Surya Roshni, Goodluck India, Kalyani Steels, Sambhv Steel, Welspun Special., JTL Industries, Venus Pipes, Ratnaveer Precis, and Mahamaya Steel.<BR><BR>Quality Snapshot: Excellent management risk is observed at Sambhv Steel, Venus Pipes, and Vardhman Special, while Average management risk is found at Surya Roshni, Goodluck India, Kalyani Steels, JTL Industries, and Ratnaveer Precis, and the rest. Below Average management risk is noted at Welspun Special. Good growth is seen at Goodluck India, Sambhv Steel, Venus Pipes, and Ratnaveer Precis, while Below Average growth is present at Vardhman Special, Surya Roshni, Kalyani Steels, and Mahamaya Steel, and the rest. Excellent capital structure is held by Surya Roshni, Kalyani Steels, and JTL Industries, while Good capital structure is noted at Vardhman Special, Venus Pipes, and the rest, and Below Average capital structure is seen at Goodluck India, Welspun Special., and Mahamaya Steel.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Mahamaya Steel at 315.48%, while Surya Roshni has the lowest at -22.56%. Vardhman Special's 1-year return is 40.36%, which is significantly higher than Surya Roshni's but lower than Mahamaya Steel's. Additionally, Surya Roshni and Mahamaya Steel are the only peers with negative six-month returns.

How big is Vardhman Special?

As of 31st August, Vardhman Special Steels Ltd has a market capitalization of 3,378.00 Cr, with recent Net Sales of 1,764.41 Cr and a Net Profit of 93.09 Cr. Shareholder's Funds are 797.92 Cr and Total Assets amount to 1,135.92 Cr as of March 2025.

As of 31st August, Vardhman Special Steels Ltd has a market capitalization of 3,378.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Vardhman Special reported Net Sales of 1,764.41 Cr and a Net Profit of 93.09 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 797.92 Cr and Total Assets of 1,135.92 Cr.

Should I buy, sell or hold Vardhman Special Steels Ltd?

When is the next results date for Vardhman Special Steels Ltd?

The next results date for Vardhman Special Steels Ltd is April 28, 2026.

The next results date for Vardhman Special Steels Ltd is scheduled for April 28, 2026.

Are Vardhman Special Steels Ltd latest results good or bad?

Vardhman Special Steels Ltd's latest Q3 FY26 results are concerning, showing a slight revenue increase but a significant net profit decline of nearly 40% year-on-year, alongside a reduced operating profit margin. The market reacted negatively, with the stock dropping nearly 5% post-announcement.

Vardhman Special Steels Ltd's latest results for Q3 FY26 indicate a challenging financial performance. The company reported a revenue of ₹428.04 crores, which reflects a slight increase of 0.30% compared to the previous quarter but a decline of 2.59% year-on-year. More concerning is the significant drop in profitability, with net profit falling to ₹19.73 crores, down 8.06% sequentially and a steep 39.83% year-on-year.<BR><BR>The operating profit margin has also contracted to 7.34%, down from 8.22% in the previous quarter and significantly lower than the 11.11% margin achieved in the same quarter last year. This margin compression highlights the pressures from rising input costs and competitive challenges in the special steel segment.<BR><BR>The market reacted negatively to these results, with the stock price dropping nearly 5% in the trading session following the announcement, extending its year-to-date losses to 7.87%. Overall, the results suggest a difficult period for Vardhman Special Steels, characterized by declining profitability and increasing operational challenges.

How has been the historical performance of Vardhman Special?

Vardhman Special has shown steady growth in net sales and profit, with net sales increasing to 1,764.41 crore in FY 2025 from 1,661.36 crore in FY 2024, and profit after tax rising to 93.09 crore from 91.63 crore. Despite rising raw material costs, the company maintained a positive trend in revenue and profitability.

Answer:<BR>The historical performance of Vardhman Special shows a steady growth in net sales and profit over the past year.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Vardhman Special reported net sales of 1,764.41 crore, an increase from 1,661.36 crore in March 2024. The total operating income mirrored this growth, reaching 1,764.41 crore, up from 1,661.36 crore. The company experienced a rise in raw material costs, which increased to 1,093.68 crore from 1,030.62 crore, while total expenditure also rose to 1,616.37 crore from 1,518.92 crore. Operating profit, excluding other income, improved to 148.04 crore from 142.44 crore, leading to an overall operating profit of 177.15 crore, up from 172.26 crore. Profit before tax increased to 125.06 crore from 122.86 crore, and profit after tax rose to 93.09 crore from 91.63 crore. The earnings per share also saw a slight increase, reaching 11.39 compared to 11.25 the previous year. On the balance sheet, total liabilities grew to 1,135.92 crore from 1,039.67 crore, while shareholder's funds increased to 797.92 crore from 719.35 crore. The company’s cash flow from operating activities decreased to 126.00 crore from 142.00 crore, but net cash inflow improved to 3.00 crore from a net outflow of 1.00 crore. Overall, Vardhman Special demonstrated a positive trend in revenue and profitability, despite rising costs and changes in cash flow dynamics.

Is Vardhman Special technically bullish or bearish?

As of November 21, 2025, Vardhman Special's trend is mildly bullish, supported by positive MACD and KST indicators, though tempered by a mildly bearish outlook from Dow Theory and mixed signals from other indicators.

As of 21 November 2025, the technical trend for Vardhman Special has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the weekly MACD and KST indicators, both showing bullish signals. The moving averages on the daily chart also indicate a mildly bullish trend. However, the Dow Theory suggests a mildly bearish outlook on the weekly timeframe, which tempers the overall bullish sentiment. The Bollinger Bands are mildly bullish on both weekly and monthly charts, indicating some upward momentum. Despite recent price declines, the stock has shown strong performance over longer periods, particularly in the 3-year and 5-year returns. Overall, the strength of the bullish stance is moderate, influenced by mixed signals across different indicators.

Is Vardhman Special overvalued or undervalued?

As of November 20, 2025, Vardhman Special is considered overvalued with a PE ratio of 28.91 and an EV to EBITDA of 17.94, significantly higher than peers like JSW Steel and Tata Steel, despite outperforming the Sensex with a year-to-date return of 25.45%.

As of 20 November 2025, Vardhman Special has moved from a fair to an expensive valuation grade. The company is currently considered overvalued. Key ratios include a PE ratio of 28.91, an EV to EBITDA of 17.94, and a Price to Book Value of 2.29. <BR><BR>In comparison to its peers, JSW Steel has a PE ratio of 46.74 and an EV to EBITDA of 13.83, while Tata Steel shows a PE of 28.92 and an EV to EBITDA of 10.51. These comparisons indicate that Vardhman Special's valuation is significantly higher than some of its peers, reinforcing the overvaluation verdict. Notably, the company's stock has outperformed the Sensex year-to-date, with a return of 25.45% compared to the Sensex's 9.59%.

Who are the top shareholders of the Vardhman Special?

The top shareholders of Vardhman Special include Vardhman Textiles Limited (23.76%), Aichi Steel Corporation (11.33%), and individual investors (19.83%), with mutual funds holding 4.14% and foreign institutional investors at 0.65%. There are no pledged promoter holdings.

The top shareholders of Vardhman Special include several key players. The majority of the shares are held by promoters, with Vardhman Textiles Limited being the largest individual promoter, holding 23.76%. Aichi Steel Corporation is the highest public shareholder, owning 11.33%. Additionally, individual investors collectively hold 19.83% of the shares. Mutual funds have a presence with 4.14% held across five schemes, while foreign institutional investors (FIIs) hold 0.65% through 30 different entities. Notably, there are no pledged promoter holdings.

What is the bonus history of the Vardhman Special?

Vardhman Special Steels Ltd issued a 1:1 bonus on May 26, 2023, granting shareholders an additional share for each share held.

Vardhman Special Steels Ltd has a recent bonus history that includes a 1:1 bonus issue. This bonus was announced with an ex-date of May 26, 2023. This means that for every share held, shareholders received an additional share. If you have any more questions about the company or its financial activities, feel free to ask!

Has Vardhman Special declared dividend?

Yes, Vardhman Special Steels Ltd has declared a 20% dividend, amounting to ₹2 per share, with an ex-date of September 6, 2024. The company has shown significant long-term growth, with a total return of 750.85% over the past 5 years.

Vardhman Special Steels Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 2<BR>- Ex-date: 06 Sep 24<BR><BR>Dividend Yield: 0.75%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 1.48%, with a dividend return of 0%, resulting in a total return of 1.48%.<BR><BR>Over the past year, the price return was -12.01%, the dividend return was 0.67%, leading to a total return of -11.34%.<BR><BR>In the 2-year period, the price return was 23.58%, with a dividend return of 2.09%, culminating in a total return of 25.67%.<BR><BR>For the 3-year period, the price return reached 126.21%, the dividend return was 7.42%, resulting in a total return of 133.63%.<BR><BR>In the last 4 years, the price return was 160.01%, with a dividend return of 7.73%, leading to a total return of 167.74%.<BR><BR>Over the past 5 years, the price return was an impressive 721.34%, with a dividend return of 29.51%, resulting in a total return of 750.85%.<BR><BR>Overall, Vardhman Special Steels Ltd has declared a dividend, and while the recent total returns show variability, the long-term performance, particularly over 5 years, indicates significant growth, bolstered by dividend contributions.