Vardhman Special Steels Limited (NSE:VSSL)
India · Delayed Price · Currency is INR 380.75
+5.00 (1.33%)
Nov 12, 2026, 3:30 PM IST
Vardhman Special Steels Cash Flow Statement
Financials in millions INR. Fiscal year is April - March.
Millions INR. Fiscal year is Apr - Mar.
Operating Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Net Income | 1,612 | 1,220 | 930.88 | 916.28 | 1,004 | 1,008 |
Depreciation & Amortization | 349.77 | 328.59 | 334.54 | 309.53 | 280.8 | 269.04 |
Other Amortization | 0.08 | 0.08 | 0.16 | 0.31 | 0.42 | 0.61 |
Loss (Gain) From Sale of Assets | 25.39 | 25.8 | 1.64 | 2.67 | 0.13 | -0.37 |
Asset Writedown & Restructuring Costs | - | - | - | - | - | 2.41 |
Loss (Gain) From Sale of Investments | -115.08 | -48.19 | -13.36 | -21.79 | -1.42 | -1.23 |
Stock-Based Compensation | 14.27 | 8.71 | 10.68 | 8.49 | 8.05 | 4.16 |
Provision & Write-off of Bad Debts | - | - | - | - | 1.88 | - |
Other Operating Activities | 137.69 | 44.52 | 150.11 | 173.78 | 98.09 | 454.18 |
Change in Accounts Receivable | -1,094 | -162.76 | 8.48 | -6.24 | -398.13 | 24.25 |
Change in Inventory | 145.6 | -152.68 | 211.99 | 65.08 | -583.58 | -1,121 |
Change in Accounts Payable | -750.14 | 448.23 | -348.42 | -105.48 | 388.45 | 175.74 |
Change in Other Net Operating Assets | 363.35 | -653.77 | -17.59 | 81.44 | -63.41 | -226.85 |
Operating Cash Flow | 689.41 | 1,059 | 1,269 | 1,424 | 735.76 | 588.8 |
Operating Cash Flow Growth | -57.89% | -16.57% | -10.88% | 93.55% | 24.96% | -12.49% |
Investing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Capital Expenditures | -2,042 | -2,426 | -1,188 | -679.63 | -287.89 | -353 |
Sale of Property, Plant & Equipment | 3.14 | 14.03 | 4.36 | 12.59 | 5.6 | 6.07 |
Investment in Securities | -1,432 | -1,448 | -163.2 | 221.79 | -44.61 | -152.78 |
Other Investing Activities | 596.15 | -412.39 | 78.89 | -56.18 | 178.55 | 408.59 |
Investing Cash Flow | -2,874 | -4,272 | -1,268 | -501.43 | -148.35 | -91.12 |
Financing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Short-Term Debt Issued | - | - | 597.69 | - | 271.32 | - |
Total Debt Issued | 702.84 | - | 597.69 | - | 271.32 | - |
Short-Term Debt Repaid | - | -129.52 | - | -324.64 | - | -86.92 |
Long-Term Debt Repaid | - | -143.93 | -232.58 | -278.37 | -454.3 | -201.63 |
Lease Payments | -2.79 | -2.61 | -2.49 | -2.37 | -2.26 | -2.05 |
Total Debt Repaid | 153.66 | -273.45 | -232.58 | -603.01 | -454.3 | -288.56 |
Net Debt Issued (Repaid) | 856.5 | -273.45 | 365.11 | -603.01 | -182.99 | -288.56 |
Issuance of Common Stock | 7.12 | 3,850 | 9.85 | 7.38 | 4.77 | 3.2 |
Common Dividends Paid | -337.65 | -288.82 | -162.44 | -162.07 | -141.45 | -60.51 |
Other Financing Activities | -136.3 | -119.22 | -182.19 | -183.88 | -175.1 | -172.5 |
Financing Cash Flow | 389.67 | 3,169 | 30.32 | -941.58 | -494.77 | -518.37 |
Net Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Net Cash Flow | -1,795 | -44.88 | 31.17 | -18.95 | 92.64 | -20.69 |
Free Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Free Cash Flow | -1,352 | -1,367 | 80.8 | 744.43 | 447.87 | 235.8 |
Free Cash Flow Growth | - | - | -89.15% | 66.22% | 89.94% | -59.20% |
Free Cash Flow Margin | -6.85% | -7.79% | 0.46% | 4.48% | 2.58% | 1.72% |
Free Cash Flow Per Share | -14.06 | -14.72 | 0.99 | 9.08 | 5.49 | 2.89 |
Levered Free Cash Flow | -1,583 | -1,766 | 14.84 | 342.09 | 186.68 | -175.25 |
Unlevered Free Cash Flow | -1,504 | -1,697 | 126.11 | 451.73 | 289.98 | -72.15 |
Free Cash Flow After Leases | -1,355 | -1,370 | 78.31 | 742.06 | 445.61 | 233.75 |
Additional Metrics
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Cash Interest Paid | 136.3 | 119.22 | 182.19 | 183.88 | 175.1 | 172.5 |
Cash Income Tax Paid | 469.2 | 387.63 | 328.27 | 316.44 | 384.89 | 223.84 |
Change in Working Capital | -1,335 | -520.98 | -145.54 | 34.8 | -656.67 | -1,147 |