Vardhman Special Steels Limited (BOM:534392)

India flag India · Delayed Price · Currency is INR
270.35
-2.85 (-1.04%)
At close: Jun 2, 2026
Market Cap26.12B +23.6%
Revenue (ttm)17.54B -0.6%
Net Income1.22B +31.1%
EPS13.13 +15.5%
Shares Out n/a
PE Ratio21.41
Forward PEn/a
Dividend3.00 (1.09%)
Ex-Dividend DateSep 12, 2025
Volume1,498
Open268.45
Previous Close273.20
Day's Range267.65 - 272.15
52-Week Range205.65 - 322.35
Betan/a
Analystsn/a
Price Targetn/a
Earnings DateJul 30, 2026

About Vardhman Special Steels

Vardhman Special Steels Limited engages in the manufacture and sale of billets, steel bars, and bright bars of various categories of special and alloy steels in India and internationally. Its customers include passenger vehicles, two wheelers, commercial vehicles, tractors, and railways, as well as engineering, bearing, and allied industries. Vardhman Special Steels Limited was founded in 1973 and is headquartered in Ludhiana, India. [Read more]

Industry Steel Works, Blast Furnaces, And Rolling And Finishing Mills
Founded 1973
Employees 1,363
Stock Exchange Bombay Stock Exchange
Ticker Symbol 534392
Full Company Profile

Financial Performance

In fiscal year 2026, Vardhman Special Steels's revenue was 17.54 billion, a decrease of -0.57% compared to the previous year's 17.64 billion. Earnings were 1.22 billion, an increase of 31.08%.

Financial Statements

News

Vardhman Special Steels Transcript: Q4 25/26

Record profit and volumes achieved in FY 2026, with EBITDA per ton guidance raised for the coming years. Major CapEx and capacity expansions are underway, with a strategic shift toward non-automotive and advanced alloys planned over the next decade.

5 weeks ago - Transcripts

Vardhman Special Steels Quarterly report: Q4 2026

Vardhman Special Steels has published its Q4 2026 quarterly earnings report on April 29, 2026.

5 weeks ago - Filings

Vardhman Special Steels Slides: Q4 2026

Vardhman Special Steels has posted slides in relation to its Q4 2026 quarterly earnings report, which was published on April 29, 2026.

5 weeks ago - Filings

Vardhman Special Steels Transcript: Q3 25/26

Q3 FY26 saw record nine-month PAT and strong sales volumes, with major CapEx underway for forging and steel plants. EBITDA guidance was raised, and diversification into non-automotive steels is planned, supported by robust shareholder backing.

4 months ago - Transcripts

Vardhman Special Steels Quarterly report: Q3 2026

Vardhman Special Steels has published its Q3 2026 quarterly earnings report on January 21, 2026.

4 months ago - Filings

Vardhman Special Steels Slides: Q3 2026

Vardhman Special Steels has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on January 21, 2026.

4 months ago - Filings

Vardhman Special Q3 Results: Revenue flat at Rs 430.54 crore, net profit up 56.53% YoY

Vardhman Special Steels Ltd reported a steady operational performance for the third quarter ended 31 December 2025. For Q3 FY26,...

4 months ago - Business Upturn

Vardhman Special Steels approves Rs 475 crore investment for new forging and machining facility in Ludhiana

Vardhman Special Steels Limited has approved an investment of ₹475 crore to set up a new steel forging and machining...

5 months ago - Business Upturn

Vardhman Special Steels Transcript: Q2 25/26

Q2 FY26 revenue declined 12.6% year-on-year, but EBITDA rose 16% due to lower finance costs and operational improvements. Capacity expansion, green steel initiatives, and a strong auto sector focus are set to drive future growth, with margins guided at INR 8,000–11,000 per ton next year.

7 months ago - Transcripts

Vardhman Special Steels Quarterly report: Q2 2026

Vardhman Special Steels has published its Q2 2026 quarterly earnings report on November 3, 2025.

7 months ago - Filings

Vardhman Special Steels Slides: Q2 2026

Vardhman Special Steels has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on November 3, 2025.

7 months ago - Filings

Punjab to get Rs 2,500cr steel plant in Ludhiana: Minister Arora

Chandigarh: Punjab industries and commerce minister Sanjeev Arora announced on Thursday that Vardhman Special Steels Limited (VSSL), in a joint ventur.

9 months ago - The Times of India

Vardhman Special Steels Transcript: Q1 25/26

Q1 FY26 saw 10% volume and 5% revenue growth, but margins were pressured by pricing and inventory losses. Major CapEx projects are progressing, Aichi raised its stake to 24.9%, and the company is entering the forging business. Green steel leadership and strong domestic demand support a positive outlook.

11 months ago - Transcripts

Vardhman Special Steels Quarterly report: Q1 2026

Vardhman Special Steels has published its Q1 2026 quarterly earnings report on July 28, 2025.

11 months ago - Filings

Vardhman Special Steels Slides: Q1 2026

Vardhman Special Steels has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on July 28, 2025.

11 months ago - Filings

Vardhman Special Steels shares fall over 4% as Q1 net profit falls 24% YoY to Rs 19.89 crore

Shares of Vardhman Special Steels were under pressure on Friday, falling around 4% after the company posted its financial results for the June quarter of FY26. While revenue showed modest growth, over...

11 months ago - Business Upturn

Vardhman Special Steels Q1 Results: Revenue up 4.6% YoY to Rs 433.7 crore, Net profit falls 24%

Vardhman Special Steels Limited reported a mixed set of financials for the quarter ended June 30, 2025. The company’s revenue from operations rose 4.6% year-on-year to Rs 433.7 crore, compared to Rs 4...

11 months ago - Business Upturn

Vardhman Special Steels Q2 FY25 Results: Revenue grows 19.4% YoY to ₹494.82 crore, Net Profit jumps 40% YoY

Vardhman Special Steels has announced its financial results for the second quarter of FY25, showing robust growth in both revenue and net profit on a year-over-year (YoY) basis. Financial Highlights R...

1 year ago - Business Upturn