Vardhman Special Steels Ltd.

VSSL

₹270.55

8.68% (21.61)

Market Cap

₹2,213 Cr.

P/E

23.77

About

Vardhman Special Steels Limited, a part of the Vardhman group, operates in Ludhiana, Punjab, manufacturing hot rolled bars for engineering, automotive, tractor, bearing, and allied industries. In 2019… Read more

Vardhman Special Steels Limited, a part of the Vardhman group, operates in Ludhiana, Punjab, m… Read more

Low

178

52W Range

High

343

Timeline

Key company specific updates

Company Timeline

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Forensics

11 Yes

Positive for this company

2 Neutral

Neutral for this company

4 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days

Price & Performance

ROE

Net profit margin is responsible for roe increase over last 10 years
Working Capital

Working capital of the company seems to be under control
Current vs Historic Valuation

Company is trading at a discount to 3yr historic valuations
Debt

Company should not have issues servicing its debt
Sales Growth

Sales of the company has grown at a good pace
Balance Sheet Strength

Balance sheet of the company is strong. but it might have issues paying it suppliers
Capex vs ROCE

Roce of the company has decreased even without significant capex
Share price

Share price has increased over last 10 years but more due to rerating
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Verticals

Operational Metrics

Capacity Utilization - Steel Billets (%)
Source
Manufacturing Capacity- Steel Billets (MTPA)
Source
Quarterly Sales Volume - Steel (Million Tonnes)
Source
EBITDA/Tonne - Steel (Rs/Tonne)
Source
Capacity Utilization - Steel Rods (%)
Source
Manufacuring Capacity - Steel Rods (MTPA)
Source
Realization/Tonne - Steel Rods (Rs/MT)
Source

Peer Comparison

Corporate Actions

Consolidated

DATE

DETAILS

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Customers

Ashok Leyland Ltd.
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Mahindra & Mahindra Ltd.
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Ford
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American Axel & Manufacturing
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GKN Automotive Bengaluru Private Ltd.
Hero MotoCorp Ltd.
Hino Motors PVT Ltd.
Honda Cars (India) Ltd.
JCB India
John Deere
Magna International Inc
Meritor
New Holland
Sona Group Ltd.
Swaraj Engines Ltd.
TAFE
Tata Motors Ltd.
Toyota
Yamaha

Showing 5 of 33

FAQs on Vardhman Special Steels Ltd. Business

What does Vardhman Special do?

Vardhman Special Steels Limited, a part of Vardhman group, operates in Ludhiana, Punjab, manufacturing hot rolled bars for engineering, automotive, tractor, and bearing industries. In 2019, a strategic alliance with Aichi Steel Corporation aimed to establish a leading special steel manufacturing company in India.

Who are the competitors of Vardhman Special?

Vardhman Special major competitors are Mukand, Sunflag Iron & Steel, Rhetan TMT, MSP Steel & Power, Electrotherm India, BMW Industries, Welspun Special.Soln.
Market Cap of Vardhman Special is ₹2,035 Crs.
While the median market cap of its peers are ₹1,478 Crs.

Is Vardhman Special financially stable compared to its competitors?

Vardhman Special seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

View FAQ's On Shareprice

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Company Filing

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Discussions & Analysis

Vardhman Special Steels Ltd.

Fireside Session with Mr Sachit Jain, VC & MD at Vardhman Special Steels Ltd - B&K Securities

Diving Deep into the Specialty Steel Industry with Vardhman Special Steels Limited - Akshay Thakur

Metals Mining & Minerals

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Steel Sector

Steel Sector - Basics and Sample Valuation - Omkara Capital

Long vs Flat Products - Explanation and Classification - CARE Ratings

Steel Sector Overview - Kirtan A Shah

A Deeper Look at the Indian Steel Pipe Industry - Capital Mind

Understanding The Steel Industry: A Deep Dive Into The Value Chain - Medha Nair

Spotting Winners in Metals & Mining Sector - SOIC

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Vardhman Special Steels Ltd.