Vardhman Special

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 does Vardhman Special do?

Vardhman Special Steels Ltd is a leading Indian producer of high-quality special steel for the automotive sector, with a market cap of Rs 2,151 Cr and reported net sales of 428 Cr and net profit of 20 Cr for Q1 2025. The company has a P/E ratio of 23.00 and a dividend yield of 0.75%.

Overview: <BR>Vardhman Special Steels Ltd is a leading producer of high-quality special steel for the automotive sector in India, operating within the Iron & Steel Products industry and categorized as a Small Cap company.<BR><BR>History: <BR>The company was incorporated on 14 May 2010 in Ludhiana. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>- Net Sales: 428 Cr (Quarterly Results - Mar 2025) <BR>- Net Profit: 20 Cr (Quarterly Results - Mar 2025) <BR>- Market Cap: Rs 2,151 Cr (Small Cap) <BR><BR>Key Metrics: <BR>- P/E: 23.00 <BR>- Industry P/E: 33 <BR>- Dividend Yield: 0.75% <BR>- Debt Equity: 0.12 <BR>- Return on Equity: 11.67% <BR>- Price to Book: 2.72 <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 in the management team of Vardhman Special?

As of March 2022, Vardhman Special's management team includes Rajinder Kumar Jain (Director), Rajeev Gupta (Chairman), Sachit Jain (Vice Chairman & Managing Director), and several independent directors, with varying remuneration levels. The team reflects a diverse governance structure with both executive and non-executive roles.

As of March 2022, the management team of Vardhman Special includes the following individuals:<BR><BR>1. Rajinder Kumar Jain - Director (Remuneration: Rs. 3.9 lacs)<BR>2. Rajeev Gupta - Chairman (Non-Executive) (Remuneration: Rs. 3.0 lacs)<BR>3. Sanjeev Pahwa - Independent Director (Remuneration: Rs. 5.3 lacs)<BR>4. Suchita Jain - Director (Remuneration: Rs. 0)<BR>5. Bal Krishan Choudhary - Director (Remuneration: Rs. 0)<BR>6. Sachit Jain - Vice Chairman & Managing Director (Remuneration: Rs. 9.27 cr)<BR>7. Sonam Taneja - Company Secretary & Compliance Officer (Remuneration: Rs. 0)<BR>8. Sanjoy Bhattacharyya - Independent Director (Remuneration: Rs. 4.3 lacs)<BR>9. Rakesh Jain - Independent Director (Remuneration: Rs. 4.5 lacs)<BR>10. Raghav Chandra - Independent Director (Remuneration: Rs. 2.6 lacs)<BR>11. Vidya Shah - Independent Director (Remuneration: Rs. 0)<BR>12. Toshio Ito - Director (Remuneration: Rs. 0)<BR>13. Suman Chatterjee - Independent Director (Remuneration: Rs. 0)<BR><BR>This team comprises a mix of directors, independent directors, and executive roles, reflecting a diverse governance structure.

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.

Who are the peers of the Vardhman Special?

Vardhman Special's peers include JTL Industries, Shivalik Bimetal, Aeroflex, and others, with varying management and growth risks. In terms of returns, Vardhman Special has a 1-year return of -13.24%, better than JTL Industries but worse than Aeroflex's 36.32%.

Peers: The peers of Vardhman Special are JTL Industries, Shivalik Bimetal, Aeroflex, Man Industries, Welspun Special., Hi-Tech Pipes, MSP Steel & Pow., Rama Steel Tubes, Bharat Wire.<BR><BR>Quality Snapshot: Excellent management risk is observed at Shivalik Bimetal, while Good management risk is found at JTL Industries, Vardhman Special, and Hi-Tech Pipes. Average management risk is present at Aeroflex, Man Industries, Welspun Special., and Rama Steel Tubes, and the rest. Below Average management risk is noted for MSP Steel & Pow., Bharat Wire, and Cosmic CRF. Growth is Excellent at Rama Steel Tubes, Good at Shivalik Bimetal and Vardhman Special, Average at Hi-Tech Pipes, and Below Average at JTL Industries, Aeroflex, Man Industries, Welspun Special., and the rest. Capital Structure is Excellent at JTL Industries and Shivalik Bimetal, Good at Man Industries and Vardhman Special, Average at Hi-Tech Pipes, and Below Average at Aeroflex, Welspun Special., MSP Steel & Pow., Bharat Wire, and Cosmic CRF.<BR><BR>Return Snapshot: Aeroflex has the highest 1-year return at 36.32%, while JTL Industries has the lowest at -28.10%. Vardhman Special's 1-year return is -13.24%, which is better than JTL Industries but worse than Aeroflex. Additionally, the six-month returns are negative for Hi-Tech Pipes, MSP Steel & Pow., Welspun Special., and Cosmic CRF.

How big is Vardhman Special?

As of 24th July, Vardhman Special Steels Ltd has a market capitalization of 2,242.00 Cr, with recent net sales of 1,764.41 Cr and a net profit of 93.09 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Vardhman Special Steels Ltd has a market capitalization of 2,242.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest four quarters is 1,764.41 Cr, while the sum of Net Profit for the same period is 93.09 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 719.35 Cr and Total Assets totaling 1,039.67 Cr.

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%.

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.

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.

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

The next results date for Vardhman Special Steels Ltd is January 20, 2026.

The next results date for Vardhman Special Steels Ltd is scheduled for January 20, 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.

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

Why is Vardhman Special Steels Ltd falling/rising?

As of 07-Feb, Vardhman Special Steels Ltd's stock price is rising, currently at 258.35, with a 0.64% increase. Despite a recent decline over the past month, the stock has shown strong long-term growth and is trading at a discount compared to peers, although declining investor participation may raise concerns.

As of 07-Feb, Vardhman Special Steels Ltd's stock price is rising, currently at 258.35, with a change of 1.65 (0.64%) increase. The stock has outperformed its sector by 0.61% today and has been gaining for the last two days, accumulating a total return of 0.7% during this period. Additionally, over the past week, the stock has shown a positive return of 1.63%, slightly better than the Sensex's return of 1.59%.<BR><BR>Despite a negative performance over the past month, where the stock fell by 8.01% compared to a 1.74% decline in the Sensex, its year-to-date performance shows a decline of 9.24%, which is still better than the Sensex's 1.92% drop. Over the longer term, the stock has demonstrated strong growth, with a 58.96% increase over three years and a remarkable 327.02% rise over five years.<BR><BR>The company's financial health is also a contributing factor to the stock's rise, highlighted by a high Return on Capital Employed (ROCE) of 15.37% and a low Debt to EBITDA ratio of 0.73 times, indicating a strong ability to service debt. Furthermore, the stock is trading at a discount compared to its peers' average historical valuations, which may attract investors looking for value.<BR><BR>However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 53.57% against the five-day average. This could indicate a potential concern for future price movements. Nonetheless, the current upward trend in stock price reflects a combination of recent performance, financial efficiency, and relative valuation compared to peers.

Which are the latest news on Vardhman Special?