Vardhman Special Steels Limited (NSE:VSSL)
India flag India · Delayed Price · Currency is INR
300.10
-6.05 (-1.98%)
Jul 30, 2026, 3:29 PM IST

Vardhman Special Steels Financials Overview

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal YearTTMFY 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
5,6475,2796,5086,2216,0675,505
Operating Income
2,0431,7601,4061,3831,4641,696
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 YearFY 2025FY 2024FY 2023FY 2022
Period EndingMar '25 Mar '24 Mar '23 Mar '22
India
16,95215,87016,35912,788
outside India
588.36630.3848.82759.43
Total
17,54016,50017,20813,548

Cash & Debt

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Cash & Investments
2,1342,134211.576.4295.38313.51
Total Debt
930.05930.051,203837.061,4381,620
Net Cash (Debt)
1,2041,204-991.54-760.66-1,143-1,306
Net Cash Growth
------
Net Cash Per Share
12.4512.95-12.11-9.28-14.01-16.02

Cash Flow & CapEx

Fiscal YearTTMFY 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 YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Gross Margin
31.26%30.09%36.89%37.45%34.97%40.23%
Operating Margin
11.31%10.03%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 YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '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
50.00%16.67%50.00%100.00%-42.86%133.33%
Dividend Yield
1.14%1.68%1.52%0.96%0.52%1.60%

Valuation

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
PE Ratio
20.2516.5117.5518.8616.079.18
P/FCF Ratio
--202.2323.2136.0339.24
PS Ratio
1.611.150.931.040.930.68