Vardhman Special Steels Limited (NSE:VSSL)
India flag India · Delayed Price · Currency is INR
380.75
+5.00 (1.33%)
Nov 12, 2026, 3:30 PM IST

Vardhman Special Steels Financials Overview

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Revenue
19,74517,54417,64416,61417,35013,685
Revenue Growth
14.74%-0.56%6.20%-4.24%26.78%46.03%
Gross Profit
7,8876,9486,5086,2216,0675,505
Operating Income
2,1611,6181,4061,3831,4641,696
Net Income
1,6121,220930.88916.281,0041,008
Earnings Per Share
16.7713.1311.3711.1812.3112.36
EPS Growth
50.82%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 EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Cash & Investments
1,8712,130211.576.4295.38313.51
Total Debt
1,632930.051,203837.061,4381,620
Net Cash (Debt)
239.291,200-991.54-760.66-1,143-1,306
Net Cash Growth
-87.33%-----
Net Cash Per Share
2.4912.91-12.11-9.28-14.01-16.02

Cash Flow & CapEx

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Operating Cash Flow
689.411,0591,2691,424735.76588.8
Capital Expenditures
-2,042-2,426-1,188-679.63-287.89-353
Free Cash Flow
-1,352-1,36780.8744.43447.87235.8
Free Cash Flow Growth
---89.15%66.22%89.94%-59.20%

Margins

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Gross Margin
39.94%39.60%36.89%37.45%34.97%40.23%
Operating Margin
10.94%9.22%7.97%8.33%8.44%12.39%
Pretax Margin
10.98%9.35%7.09%7.40%7.74%11.57%
Profit Margin
8.17%6.96%5.28%5.51%5.79%7.36%
FCF Margin
-6.85%-7.79%0.46%4.48%2.58%1.72%

Dividends

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingNov '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
0.92%1.68%1.50%0.94%0.50%1.53%

Valuation

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingNov '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
PE Ratio
22.7116.5117.5518.8616.079.18
P/FCF Ratio
--202.2323.2136.0339.24
PS Ratio
1.831.150.931.040.930.68