Vardhman Special Steels Limited (NSE:VSSL)
India flag India · Delayed Price · Currency is INR
337.40
-11.65 (-3.34%)
Oct 23, 2026, 10:20 AM IST

Vardhman Special Steels Financials Overview

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Revenue
18,06717,54417,64416,61417,35013,685
Revenue Growth
1.31%-0.56%6.20%-4.24%26.78%46.03%
Gross Profit
5,6476,9486,5086,2216,0675,505
Operating Income
2,0431,6181,4061,3831,4641,696
Net Income
1,4331,220930.88916.281,0041,008
Earnings Per Share
14.8213.1311.3711.1812.3112.36
EPS Growth
39.57%15.48%1.70%-9.18%-0.36%126.08%

Revenue by Geography

Fiscal Year
FY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingMar '26 Mar '25 Mar '24 Mar '23 Mar '22
India
16,75616,95215,87016,35912,788
outside India
708.54588.36630.3848.82759.43
Total
17,46517,54016,50017,20813,548

Cash & Debt

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Cash & Investments
2,1342,130211.576.4295.38313.51
Total Debt
930.05930.051,203837.061,4381,620
Net Cash (Debt)
1,2041,200-991.54-760.66-1,143-1,306
Net Cash Growth
------
Net Cash Per Share
12.4512.91-12.11-9.28-14.01-16.02

Cash Flow & CapEx

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Operating Cash Flow
-1,0591,2691,424735.76588.8
Capital Expenditures
--2,426-1,188-679.63-287.89-353
Free Cash Flow
--1,36780.8744.43447.87235.8
Free Cash Flow Growth
---89.15%66.22%89.94%-59.20%

Margins

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Gross Margin
31.26%39.60%36.89%37.45%34.97%40.23%
Operating Margin
11.31%9.22%7.97%8.33%8.44%12.39%
Pretax Margin
10.66%9.35%7.09%7.40%7.74%11.57%
Profit Margin
7.93%6.96%5.28%5.51%5.79%7.36%
FCF Margin
--7.79%0.46%4.48%2.58%1.72%

Dividends

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingOct '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Dividend Per Share
3.5003.5003.0002.0001.0001.750
Dividend Per Share Growth
16.67%16.67%50.00%100.00%-42.86%133.33%
Dividend Yield
1.04%1.68%1.50%0.94%0.50%1.53%

Valuation

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingOct '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
PE Ratio
22.7616.5117.5518.8616.079.18
P/FCF Ratio
--202.2323.2136.0339.24
PS Ratio
1.871.150.931.040.930.68