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23250.10

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76295.36

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Nifty
Sensex

:
:

23250.10
76295.36

-82.25 (-0.35%)
-322.08 (-0.42%)

Vardhman Special Steels Ltd.

Steel & Iron Products

Rating :

N/A

BSE: 534392 | NSE: VSSL

Watchlist

NSE BSE

236.51

06-Feb-2025

Open
High
Low
Previous Close

235.55
238.00
233.01
236.57

Volume
Traded Value (lacs)
52 Week High
52 Week Low

13492
31.86
342.80
178.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,742.55
16.14
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,875.75
0.94%
2.20

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

9.64
14.45
6.68

EBITDA CAGR (%)

10 Years
5 Years
3 Years

28.53
29.08
-3.37

PAT CAGR (%)

10 Years
5 Years
3 Years

-
93.94
-3.11

P:E (Median)

8 Years
5 Years
3 Years

17.20
16.39
17.20

P:BV (Average)

8 Years
5 Years
3 Years

1.98
2.02
2.41

EV:EBITDA (Average)

8 Years
5 Years
3 Years

10.41
10.48
9.90

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 426.77 397.40 7.39% 494.82 415.19 19.18% 414.78 409.36 1.32% 439.41 422.04 4.12%
Expenses 391.69 364.15 7.56% 455.66 384.06 18.64% 372.42 380.13 -2.03% 390.58 397.57 -1.76%
EBITDA 35.09 33.25 5.53% 39.16 31.12 25.84% 42.36 29.23 44.92% 48.84 24.47 99.59%
EBIDTM 8.22% 8.37% 7.91% 7.50% 10.21% 7.14% 11.11% 5.80%
Other Income 6.97 8.25 -15.52% 9.29 5.62 65.30% 5.67 7.24 -21.69% 8.71 5.20 67.50%
Interest 5.09 4.91 3.67% 5.37 4.64 15.73% 4.70 4.21 11.64% 4.66 4.55 2.42%
Depreciation 8.49 7.43 14.27% 8.40 7.31 14.91% 8.29 7.25 14.34% 8.99 7.09 26.80%
PBT 28.47 29.17 -2.40% 34.68 24.79 39.90% 35.05 25.01 40.14% 43.89 18.02 143.56%
Tax 7.01 7.36 -4.76% 8.86 6.34 39.75% 8.97 6.44 39.29% 11.10 4.35 155.17%
PAT 21.46 21.81 -1.60% 25.82 18.46 39.87% 26.08 18.57 40.44% 32.79 13.68 139.69%
PATM 5.03% 5.49% 5.22% 4.45% 6.29% 4.54% 7.46% 3.24%
EPS 2.63 2.67 -1.50% 3.16 2.26 39.82% 3.20 2.28 40.35% 4.02 1.68 139.29%

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 426.77 397.40 7.39% 494.82 415.19 19.18% 414.78 409.36 1.32% 0.00 0.00 0
Expenses 391.69 364.15 7.56% 455.66 384.06 18.64% 372.42 380.13 -2.03% 0.00 0.00 0
EBITDA 35.09 33.25 5.53% 39.16 31.12 25.84% 42.36 29.23 44.92% 0.00 0.00 0
EBIDTM 8.22% 8.37% 7.91% 7.50% 10.21% 7.14% 0.00% 0.00%
Other Income 6.97 8.25 -15.52% 9.29 5.62 65.30% 5.67 7.24 -21.69% 0.00 0.00 0
Interest 5.09 4.91 3.67% 5.37 4.64 15.73% 4.70 4.21 11.64% 0.00 0.00 0
Depreciation 8.49 7.43 14.27% 8.40 7.31 14.91% 8.29 7.25 14.34% 0.00 0.00 0
PBT 28.47 29.17 -2.40% 34.68 24.79 39.90% 35.05 25.01 40.14% 0.00 0.00 0
Tax 7.01 7.36 -4.76% 8.86 6.34 39.75% 8.97 6.44 39.29% 0.00 0.00 0
PAT 21.46 21.81 -1.60% 25.82 18.46 39.87% 26.08 18.57 40.44% 0.00 0.00 0
PATM 5.03% 5.49% 5.22% 4.45% 6.29% 4.54% 0.00% 0.00%
EPS 2.63 2.68 -1.87% 3.17 2.27 39.65% 3.20 2.29 39.74% 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Net Sales 1,775.78 1,661.36 1,734.99 1,368.46 937.08 846.20 1,120.76 858.96 673.81 652.74 661.60 Net Sales Growth 8.02% -4.24% 26.78% 46.03% 10.74% -24.50% 30.48% 27.48% 3.23% -1.34% Cost Of Goods Sold 1,067.80 1,011.63 1,109.14 796.82 525.16 538.00 671.72 469.68 352.57 354.99 412.54 Gross Profit 707.98 649.73 625.85 571.64 411.91 308.20 449.04 389.28 321.24 297.75 249.05 GP Margin 39.87% 39.11% 36.07% 41.77% 43.96% 36.42% 40.07% 45.32% 47.68% 45.62% 37.64% Total Expenditure 1,610.35 1,519.02 1,593.82 1,199.50 833.73 806.48 1,052.92 797.03 613.97 611.13 650.03 Power & Fuel Cost - 172.58 178.60 141.77 116.26 95.49 132.35 127.81 109.48 107.56 103.73 % Of Sales - 10.39% 10.29% 10.36% 12.41% 11.28% 11.81% 14.88% 16.25% 16.48% 15.68% Employee Cost - 96.21 89.95 80.99 59.61 48.13 51.30 46.73 39.80 33.69 28.36 % Of Sales - 5.79% 5.18% 5.92% 6.36% 5.69% 4.58% 5.44% 5.91% 5.16% 4.29% Manufacturing Exp. - 188.69 166.00 131.91 92.78 87.46 155.71 107.97 69.98 74.73 70.75 % Of Sales - 11.36% 9.57% 9.64% 9.90% 10.34% 13.89% 12.57% 10.39% 11.45% 10.69% General & Admin Exp. - 8.04 7.14 6.51 5.82 3.81 3.37 3.68 3.55 2.73 1.16 % Of Sales - 0.48% 0.41% 0.48% 0.62% 0.45% 0.30% 0.43% 0.53% 0.42% 0.18% Selling & Distn. Exp. - 34.22 37.66 32.06 21.87 21.41 27.27 25.83 20.94 19.54 19.06 % Of Sales - 2.06% 2.17% 2.34% 2.33% 2.53% 2.43% 3.01% 3.11% 2.99% 2.88% Miscellaneous Exp. - 7.66 5.34 9.43 12.22 12.19 11.20 15.34 17.64 17.89 19.06 % Of Sales - 0.46% 0.31% 0.69% 1.30% 1.44% 1.00% 1.79% 2.62% 2.74% 2.18% EBITDA 165.45 142.34 141.17 168.96 103.35 39.72 67.84 61.93 59.84 41.61 11.57 EBITDA Margin 9.32% 8.57% 8.14% 12.35% 11.03% 4.69% 6.05% 7.21% 8.88% 6.37% 1.75% Other Income 30.64 29.92 38.91 33.62 12.96 9.40 1.87 6.11 5.64 2.65 7.40 Interest 19.82 18.42 17.65 17.28 19.71 25.72 23.66 21.43 28.28 23.02 20.21 Depreciation 34.17 30.98 28.12 26.96 30.23 25.72 23.92 21.51 18.07 17.03 13.87 PBT 142.09 122.86 134.31 158.34 66.38 -2.32 22.14 25.10 19.13 4.22 -15.12 Tax 35.94 31.23 33.86 57.59 22.18 -5.66 -0.07 0.06 0.00 0.00 0.01 Tax Rate 25.29% 25.42% 25.21% 36.37% 33.41% 243.97% -0.32% 0.24% 0.00% 0.00% -0.07% PAT 106.15 91.63 100.45 100.75 44.19 3.34 22.21 25.04 19.14 4.22 -15.13 PAT before Minority Interest 106.15 91.63 100.45 100.75 44.19 3.34 22.21 25.04 19.14 4.22 -15.13 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 5.98% 5.52% 5.79% 7.36% 4.72% 0.39% 1.98% 2.92% 2.84% 0.65% -2.29% PAT Growth 46.37% -8.78% -0.30% 127.99% 1,223.05% -84.96% -11.30% 30.83% 353.55% - EPS 13.01 11.23 12.31 12.35 5.42 0.41 2.72 3.07 2.35 0.52 -1.85

Results Balance Sheet

Standalone Figures in Rs. Crores

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Shareholder's Funds 719.35 642.21 554.96 459.36 413.63 361.99 339.32 198.08 179.17 169.73 Share Capital 81.46 40.63 40.56 40.51 40.39 35.76 35.70 18.56 18.56 18.56 Total Reserves 636.14 600.34 513.76 418.40 372.56 325.56 303.07 179.53 160.62 151.17 Non-Current Liabilities 129.85 125.59 134.14 121.67 109.93 141.17 92.60 116.46 129.79 105.17 Secured Loans 14.10 44.03 78.89 109.65 107.84 135.13 101.46 115.45 129.02 104.40 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 94.71 60.08 32.91 20.25 20.14 19.88 0.85 0.80 0.63 0.58 Current Liabilities 314.61 354.97 285.71 242.98 245.66 390.81 264.42 298.14 304.87 339.75 Trade Payables 174.49 185.56 147.48 130.18 61.73 163.50 60.61 34.91 41.00 51.57 Other Current Liabilities 61.26 55.45 59.76 40.10 34.44 39.97 55.27 124.25 96.43 48.44 Short Term Borrowings 45.83 78.30 51.16 59.86 148.62 186.82 118.50 138.71 166.82 239.12 Short Term Provisions 33.03 35.66 27.31 12.84 0.86 0.53 30.04 0.27 0.62 0.62 Total Liabilities 1,163.81 1,122.77 974.81 824.01 769.22 893.97 696.34 612.68 613.83 614.65 Net Block 324.70 293.72 289.16 282.54 310.11 279.83 249.56 264.56 250.60 229.98 Gross Block 542.17 482.19 449.62 416.99 415.67 359.68 305.49 362.08 331.47 296.47 Accumulated Depreciation 217.47 188.46 160.46 134.46 105.55 79.85 55.93 97.52 80.87 66.49 Non Current Assets 458.15 390.03 355.25 329.25 408.35 348.15 278.84 277.60 266.60 264.77 Capital Work in Progress 0.99 11.91 12.88 12.74 12.33 32.57 6.99 1.11 2.11 20.80 Non Current Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.68 1.42 4.08 Long Term Loans & Adv. 131.90 84.04 53.05 33.91 34.51 35.66 22.13 9.80 11.11 9.83 Other Non Current Assets 0.56 0.35 0.16 0.07 51.40 0.10 0.16 1.43 1.36 0.08 Current Assets 698.73 732.74 619.56 494.76 360.87 545.82 417.50 335.08 347.23 349.89 Current Investments 0.00 20.00 15.40 0.00 5.00 0.01 8.16 0.31 13.08 10.00 Inventories 356.17 362.68 304.32 192.26 151.78 313.22 158.60 117.83 106.90 132.89 Sundry Debtors 262.17 261.55 221.86 224.30 179.89 187.26 194.55 188.97 194.17 178.98 Cash & Bank 7.76 9.61 15.98 52.34 2.30 0.28 7.49 5.95 3.79 8.65 Other Current Assets 72.63 22.19 22.68 8.18 21.89 45.05 48.70 22.03 29.29 19.37 Short Term Loans & Adv. 47.45 56.71 39.32 17.68 7.66 35.52 44.28 19.81 26.85 16.36 Net Current Assets 384.12 377.77 333.85 251.78 115.21 155.01 153.09 36.94 42.36 10.14 Total Assets 1,156.88 1,122.77 974.81 824.01 769.22 893.97 696.34 612.68 613.83 614.66

Cash Flow

Standalone Figures in Rs. Crores

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Cash From Operating Activity 142.41 73.58 58.88 67.28 135.43 -18.85 11.21 68.04 46.38 -32.75 PBT 122.86 134.31 158.34 66.38 -2.32 22.14 25.10 19.13 4.22 -15.12 Adjustment 47.71 43.43 37.68 50.43 46.36 49.57 45.25 44.58 39.99 31.77 Changes in Working Capital 3.48 -65.67 -114.75 -39.87 92.27 -84.55 -59.48 4.10 2.16 -49.39 Cash after chg. in Working capital 174.05 112.06 81.26 76.94 136.32 -12.83 10.87 67.81 46.37 -32.74 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -31.64 -38.49 -22.38 -9.65 -0.89 -6.01 0.34 0.22 0.02 -0.01 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -50.14 -14.83 -9.11 6.80 -88.17 -70.12 -16.25 -15.65 -15.76 -3.65 Net Fixed Assets -49.06 -31.60 -32.77 -1.73 -35.75 -79.77 50.71 -29.61 -16.31 -25.54 Net Investments 20.00 -4.60 -15.40 5.00 -4.99 8.15 -7.17 13.51 -0.42 17.67 Others -21.08 21.37 39.06 3.53 -47.43 1.50 -59.79 0.45 0.97 4.22 Cash from Financing Activity -94.16 -49.48 -51.84 -74.04 -45.24 81.77 6.58 -50.23 -35.48 31.15 Net Cash Inflow / Outflow -1.89 9.26 -2.07 0.04 2.02 -7.20 1.54 2.16 -4.86 -5.25 Opening Cash & Equivalents 9.54 0.27 2.34 2.30 0.28 7.49 5.95 3.79 8.65 13.90 Closing Cash & Equivalent 7.64 9.54 0.27 2.34 2.30 0.28 7.49 5.95 3.79 8.65

Financial Ratios

Standalone

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Book Value (Rs.) 88.09 78.88 68.33 113.29 102.23 101.04 94.90 77.69 70.28 66.57 ROA 8.01% 9.58% 11.20% 5.55% 0.40% 2.79% 3.83% 3.12% 0.69% -2.57% ROE 13.49% 16.81% 19.89% 10.14% 0.86% 6.34% 9.33% 10.15% 2.42% -8.51% ROCE 17.80% 20.25% 25.74% 12.97% 3.41% 7.25% 8.60% 9.20% 5.25% 1.02% Fixed Asset Turnover 3.24 3.72 3.16 2.25 2.18 3.37 2.63 2.18 2.32 2.63 Receivable days 57.53 50.85 59.50 78.72 79.18 62.17 79.73 92.43 93.37 75.01 Inventory Days 78.97 70.16 66.22 67.00 100.29 76.83 57.47 54.21 60.00 62.69 Payable days 64.95 54.80 63.59 66.69 52.56 33.36 21.26 22.23 29.21 26.48 Cash Conversion Cycle 71.54 66.21 62.13 79.03 126.91 105.64 115.94 124.41 124.16 111.22 Total Debt/Equity 0.12 0.22 0.29 0.41 0.64 0.92 0.67 1.60 1.88 2.06 Interest Cover 7.67 8.61 10.16 4.37 0.91 1.94 2.17 1.68 1.18 0.25

Top Investors:

aichi steel corporation

tata mutual fund - tata small cap fund

icici prudential smallcap fund

Annual Reports:

News Update:

Vardhman Special Steels makes further investment in Sone Solar
31st Jan 2025, 17:48 PM

The shareholding of the company in equity share capital of Sone Solar will remain the same at 26%
Read More
Vardhman Special - Quarterly Results
29th Jan 2025, 14:20 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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