Vardhman Special

Why is Vardhman Special Steels Ltd falling/rising?

As of 07-Aug, Vardhman Special Steels Ltd's stock price has risen to Rs 342.20, reflecting a 2.67% increase, driven by strong performance metrics, increased investor participation, and solid financial results. The stock has outperformed the Sensex and shows bullish indicators, including trading above key moving averages.

As of 07-Aug, Vardhman Special Steels Ltd is experiencing a rise in its stock price, currently at Rs 342.20, which reflects an increase of Rs 8.9 or 2.67%. This upward movement can be attributed to several key factors. <BR><BR>Firstly, the stock has shown strong performance over various time frames, with a notable 12.40% increase over the past week and a substantial 26.62% rise over the past month. Year-to-date, the stock has gained 20.22%, significantly outperforming the Sensex, which has declined by 7.89% in the same period. Additionally, the stock has achieved a remarkable 30.14% return over the past year, further indicating its strong market position.<BR><BR>Today, the stock opened with a gap up of 3.5% and reached an intraday high of Rs 344.95, demonstrating positive investor sentiment. The stock has also been on a consecutive gain streak for the last three days, accumulating a total return of 12.7% during this period. Furthermore, Vardhman Special Steels is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a bullish indicator.<BR><BR>Investor participation has increased significantly, as evidenced by a delivery volume of 3.88 lakh shares on August 6, which is up by 242.17% compared to the 5-day average. This heightened activity suggests growing confidence among investors. <BR><BR>The company's financial health is also a positive factor, with a low Debt to EBITDA ratio of 0.56 times, indicating a strong ability to service its debt. Recent financial results have shown impressive growth, with a profit before tax of Rs 45.54 crore, reflecting a 49.7% increase compared to the previous four-quarter average, and net sales reaching a record high of Rs 486.01 crore.<BR><BR>Overall, the combination of strong recent performance, increased investor participation, solid financial results, and a favorable market position contributes to the rising stock price of Vardhman Special Steels Ltd.

Which are the latest news on Vardhman Special?

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

How big is Vardhman Special?

As of 10th June, Vardhman Special Steels Ltd has a market capitalization of 2,654.00 Cr, with recent net sales of 1,764.41 Cr and a net profit of 93.09 Cr. The company has shareholder's funds of 797.92 Cr and total assets of 1,135.92 Cr as of March 2025.

As of 10th June, Vardhman Special Steels Ltd has a market capitalization of 2,654.00 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>For the latest annual period ending March 2025, the company has Shareholder's Funds amounting to 797.92 Cr and Total Assets of 1,135.92 Cr.

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, totaling 13 members who guide the company's governance and strategy.

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.

Who are the peers of the Vardhman Special?

Vardhman Special's peers include Man Industries, Kalyani Steels, Sambhv Steel, Venus Pipes, JTL Industries, Rhetan TMT Ltd, MSP Steel & Pow., Hi-Tech Pipes, and Mahamaya Steel. In terms of management risk, growth, and capital structure, Vardhman Special shows good performance, with a 1-year return of -0.09%, better than JTL Industries but lower than Mahamaya Steel's 187.56%.

Peers: The peers of Vardhman Special are Man Industries, Kalyani Steels, Sambhv Steel, Venus Pipes, JTL Industries, Rhetan TMT Ltd, MSP Steel & Pow., Hi-Tech Pipes, and Mahamaya Steel.<BR><BR>Quality Snapshot: Excellent management risk is observed at Venus Pipes, while Good management risk is found at Sambhv Steel, Vardhman Special, and Hi-Tech Pipes. Average management risk is present at Kalyani Steels and JTL Industries, and Below Average management risk is noted at Man Industries, Rhetan TMT Ltd, MSP Steel & Pow., Mahamaya Steel, and Steel Exchange. In terms of Growth, Excellent growth is seen at Sambhv Steel and Venus Pipes, Good growth is noted at Rhetan TMT Ltd, while Below Average growth is found at Vardhman Special, Kalyani Steels, JTL Industries, and the rest. For Capital Structure, Excellent capital structure is observed at Kalyani Steels and JTL Industries, Good capital structure is found at Vardhman Special and Venus Pipes, while Average capital structure is noted at Hi-Tech Pipes and Mahamaya Steel, and Below Average capital structure is present at Man Industries, Rhetan TMT Ltd, MSP Steel & Pow., and Steel Exchange.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Mahamaya Steel at 187.56%, while the peer with the lowest is JTL Industries at -9.75%. Vardhman Special's 1-year return is -0.09%, which is higher than JTL Industries but lower than Mahamaya Steel. Additionally, Hi-Tech Pipes and Mahamaya Steel have negative six-month returns.

What does Vardhman Special do?

Vardhman Special Steels Ltd is a leading Indian producer of special steel, incorporated in 2010 and based in Ludhiana. As of March 2026, it reported net sales of ₹458 Cr and a net profit of ₹34 Cr, with a market cap of ₹2,654 Cr.

Overview: <BR>Vardhman Special Steels Ltd is one of India's leading special steel producers in the Iron & Steel Products industry, operating within the small-cap market segment.<BR><BR>History: <BR>The company was incorporated on 14 May 2010 and is based in Ludhiana, India. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 458 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 34 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 2,654 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 27.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 1.11% <BR>Debt-Equity: -0.09 <BR>Return on Equity: 9.55% <BR>Price to Book: 2.05 <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

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.