VARDHMAN SPC STEEL LTD
VSSL · General/Diversified · NSE
₹261
Current Market Price
Fair Value (DCF)
₹287
Margin of Safety
+10.0%
Updated 2d ago
YieldIQ Score
43/100
Piotroski F-Score
3/9
Economic Moat
Narrow
Confidence
55%
ROE
—
Debt/Equity
0.06
WACC
11.1%
Market Cap
₹2,522 Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
—
Return on capital employed
EV / EBITDA
12.0×
Enterprise multiple
Debt / EBITDA
0.6×
Leverage vs earnings
Interest Coverage
7.7×
EBIT covers interest
Current Ratio
—
Short-term liquidity
Asset Turnover
1.55×
Revenue per ₹ of assets
Revenue CAGR (3Y)
9.2%
3-year revenue growth
Revenue CAGR (5Y)
—
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹260.83
Bear case
₹172.11
MoS -51.5%
Base case
₹286.82
MoS +9.1%
Bull case
₹359.42
MoS +27.4%
Ratio Trends
VSSL · last 4 annual periods
ROE
11.7%
ROCE
19.3%
Operating Margin
—
Debt / Equity
0.15×
PE
38.2×
EV / EBITDA
22.2×
Historical Financials
VSSL · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹937 Cr | ₹1368 Cr | ₹422 Cr | ₹439 Cr | ₹1764 Cr | +17.1% |
| EBITDA | — | ₹202 Cr | ₹179 Cr | ₹172 Cr | ₹177 Cr | -3.2% |
| EBIT | ₹86.1 Cr | ₹176 Cr | ₹22.6 Cr | ₹48.6 Cr | — | -13.3% |
| PAT | ₹44.2 Cr | ₹101 Cr | ₹13.7 Cr | ₹32.8 Cr | ₹93.1 Cr | +20.5% |
| EPS (diluted) | ₹10.93 | ₹24.71 | ₹3.33 | ₹3.98 | — | -22.3% |
| CFO | ₹87.2 Cr | ₹58.9 Cr | ₹73.6 Cr | ₹142 Cr | ₹127 Cr | +9.8% |
| CapEx | — | — | — | — | ₹-119 Cr | — |
| FCF | — | — | — | — | ₹8.1 Cr | +0.0% |
| Total Assets | — | ₹921 Cr | ₹1031 Cr | ₹1040 Cr | ₹1136 Cr | +5.4% |
| Total Debt | — | — | ₹98.9 Cr | ₹68.8 Cr | ₹120 Cr | +5.0% |
| Shareholders' Equity | — | — | ₹642 Cr | ₹719 Cr | ₹798 Cr | +5.6% |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
VSSL vs 5 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
| PRAKASH PRAKASH | — | — | Pending | 10.7% | — |
| JTLIND JTLIND | — | — | Pending | 8.1% | — |
| VENUSPIPES VENUSPIPES | — | — | Pending | 17.5% | — |
| RAJRATAN RAJRATAN | — | — | Pending | 10.5% | — |
| STEELCAS STEELCAS | — | — | Pending | 22.2% | — |
Click a ticker to view its fair-value analysis.
Dividend History
No dividend events recorded for VSSL in the last 10 years.
Reverse DCF
Market-implied growth
What FCF growth is priced in →
Risk Analysis
Volatility & drawdown
Risk profile of VSSL →
DuPont
ROE decomposition
Why ROE is what it is →
Technicals
RSI, MACD, MAs
Reference indicators →
News & Filings
Recent activity
BSE filings + news for VSSL →
Compare
Head-to-head with peers
Compare VSSL side by side →
Run Full Interactive Analysis
Interactive DCF sliders, sensitivity heatmap, peer comparison, and more.
Analyse VSSLNow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.