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Vardhman Special Steels Ltd

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Vardhman Special Steels Ltd

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Basic MaterialsIndustrial Metals and Mining
  • Price (INR)264.45
  • Today's Change2.40 / 0.92%
  • Shares traded16.48k
  • 1 Year change+15.43%
  • Beta0.1398
Data delayed at least 15 minutes, as of Feb 10 2026 10:16 GMT.
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Notice
Important Notice
Please note that effective 5th February, 2026 the Financial Times will no longer publish or present securities from the Nairobi Stock Exchange.

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About the company

Vardhman Special Steels Limited is an India-based company engaged in the business that consists of manufacturing of billets, steel bars and bright bars of various categories of special and alloy steels. The Company’s end product supply condition is bright bars and hot-rolled bars. The Company supplies its end products to automobile manufacturers, such as Off Highway Vehicles, Tractors, Cars, and Two wheelers. It has a single segment, namely Manufacturing of Steel products and operations. It produces a variety of steels in terms of type and size. The Company offers products, such as hot rolled, round corner square, peeled and reeled bars, peeled and ground bars, drawn and ground bars, and heat treatment bars. The Company also offers Case Hardening Steel, Through Hardening Steel, Boron Steel, Micro Alloyed Steel, Boron Steel, Plain Carbon Steel, Ball Bearing Steel, Free/Semi Free Cutting Steel, and Spring Steel.

  • Revenue in INR (TTM)17.25bn
  • Net income in INR1.08bn
  • Incorporated2010
  • Employees1.36k
  • Location
    Vardhman Special Steels LtdC-58, Focal PointLUDHIANA 141010IndiaIND
  • Phone+91 1 612670707
  • Fax+91 1 612670503
  • Websitehttps://www.vardhmansteel.com/
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
MSP Steel & Power Ltd28.65bn-825.25m17.37bn1.24k--1.90--0.6064-1.35-1.3550.1616.101.875.3834.3223,176,800.00-5.40-0.416-8.37-0.619119.6114.25-2.88-0.27470.37181.320.2356--1.0913.64-297.47--66.25--
Mukand Ltd46.58bn646.90m18.74bn1.45k29.001.9615.690.40244.474.47321.8866.271.331.7710.2432,216,390.001.851.905.353.0725.069.901.391.400.3171.460.654228.99-5.5010.84-26.11--41.57--
Rhetan TMT Ltd226.64m36.51m20.38bn41.00459.6620.88366.7089.940.05570.05570.291.220.17070.44760.80825,527,805.002.753.703.344.8917.4313.0116.114.843.670.35120.2941---42.6213.18-20.03---13.31--
MM Forgings Ltd14.91bn956.03m21.95bn2.30k22.962.3711.371.4719.8019.80308.81192.010.62632.074.186,492,409.004.026.485.919.9846.9040.236.418.080.85872.600.567415.78-2.4214.67-9.7623.7932.989.86
Prakash Industries Ltd35.31bn3.28bn23.68bn2.59k7.230.69064.900.670718.2918.29197.14191.470.79644.9220.6713,658,920.007.395.719.186.9435.6424.209.286.340.74867.920.0907--9.156.192.0924.63-6.85--
Steelcast Ltd4.32bn904.49m23.82bn1.05k26.37--23.095.528.938.9342.59--------4,113,708.00--18.92--24.8645.0939.4420.9615.27--218.54--18.70-8.2113.76-3.7455.3622.0864.38
Rajratan Global Wire Ltd10.94bn699.40m24.16bn455.0034.54--24.912.2113.7813.78215.43--------24,035,820.00--12.41--17.6339.6530.346.409.81--3.95--11.945.0314.26-18.1512.225.5737.97
Venus Pipes and Tubes Ltd11.23bn1.00bn24.62bn825.0024.34--20.142.1948.8448.84547.47--------13,609,560.00--12.61--21.3233.4124.418.929.25--4.04--2.1919.4940.078.0486.4070.95--
Vardhman Special Steels Ltd17.25bn1.08bn25.38bn1.36k22.05--17.981.4711.9011.90193.35--------12,652,650.00--9.06--12.7631.5922.286.255.76--9.39--17.986.2015.831.5994.5527.10--
JTL Industries Ltd19.14bn808.76m25.77bn738.0033.15--25.691.351.981.9846.07--------25,929,990.00--14.21--17.6313.6210.484.295.25--11.56--0.5538-6.0752.82-12.5657.88100.65--
Aeroflex Industries Ltd4.08bn491.24m26.02bn556.0051.75--36.466.383.803.8031.51--------7,334,335.00--12.88--18.5842.9336.1812.0511.70--84.22--4.5018.3521.1225.8162.10143.36--
Orissa Minerals Development Company Ltd718.36m-385.97m27.17bn236.00------37.82-64.31-64.31119.73-85.370.1689-0.37324,710.583,043,911.00-9.07-5.11-80.11-16.77114.7271.55-53.73-40.770.2287-1.551.59---21.47---1,526.84--160.28--
Sambhv Steel Tubes Ltd22.23bn1.05bn28.16bn--24.09--18.341.273.973.9783.18------------------28.07--4.74----3.82----17.55---30.54------
Man Industries (India) Ltd35.27bn1.67bn28.76bn742.0016.051.4612.870.815523.8923.89502.49262.190.99222.634.1347,528,900.004.694.848.388.4723.7419.274.734.031.112.590.2226.6811.5614.7845.6822.5170.54--
Maithan Alloys Ltd20.49bn4.43bn30.68bn454.006.92--6.431.50152.21152.21703.81--------45,124,230.00--17.50--19.9923.9130.8322.1322.91--5.38--3.464.45-0.277680.5923.2045.9221.67
Data as of Feb 10 2026. Currency figures normalised to Vardhman Special Steels Ltd's reporting currency: Indian Rupee INR

Institutional shareholders

3.35%Per cent of shares held by top holders
HolderShares% Held
Tata Asset Management Pvt Ltd.as of 31 Dec 20252.38m2.46%
ICICI Prudential Asset Management Co. Ltd. (Invt Mgmt)as of 31 Dec 2025778.80k0.81%
Dimensional Fund Advisors LPas of 08 Jan 202662.68k0.07%
Dimensional Fund Advisors Ltd.as of 30 Nov 202513.82k0.01%
Acadian Asset Management LLCas of 30 Sep 2025807.000.00%
DFA Australia Ltd.as of 30 Nov 2025115.000.00%
Motilal Oswal Asset Management Co. Ltd.as of 31 Dec 202563.000.00%
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Data from 30 Sep 2025 - 15 Jan 2026Source: FactSet Research Systems Inc.
Data Provided by LSEG
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