VARDHMAN SPC STEEL LTD
VSSL · General/Diversified · NSE
₹272
Current Market Price
Fair Value (DCF)
₹192
Discount to FV
-29.3%
Updated 1h ago
YieldIQ Score
23/100
Piotroski F-Score
6/9
Economic Moat
None
Confidence
48%
ROE
11.7%
Debt/Equity
0.15
WACC
11.1%
Market Cap
₹2,628 Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
19.3%
Return on capital employed
EV / EBITDA
12.0×
Enterprise multiple
Debt / EBITDA
0.4×
Leverage vs earnings
Interest Coverage
7.7×
EBIT covers interest
Current Ratio
2.11×
Short-term liquidity
Asset Turnover
1.55×
Revenue per ₹ of assets
Revenue CAGR (3Y)
0.7%
3-year revenue growth
Revenue CAGR (5Y)
11.3%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹271.8
Bear case
Margin of Safety —
Implied upside -110.6%
Base case
Margin of Safety -70.6%
Implied upside -41.4%
Bull case
Margin of Safety -0.3%
Implied upside -0.3%
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 | 2022 NSE_XBRL | 2023 NSE_XBRL | 2024 NSE_XBRL | 2025 yfinance | 2026 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹1368 Cr | ₹1721 Cr | ₹1661 Cr | ₹1764 Cr | ₹1754 Cr | +6.4% |
| EBITDA | ₹202 Cr | ₹179 Cr | ₹172 Cr | ₹177 Cr | ₹209 Cr | +0.9% |
| EBIT | ₹176 Cr | ₹152 Cr | ₹141 Cr | — | — | -5.3% |
| PAT | ₹101 Cr | ₹100 Cr | ₹91.6 Cr | ₹93.1 Cr | ₹122 Cr | +4.9% |
| EPS (diluted) | ₹24.71 | ₹24.59 | ₹11.19 | — | — | -18.0% |
| CFO | ₹58.9 Cr | ₹73.6 Cr | ₹142 Cr | ₹127 Cr | ₹106 Cr | +15.8% |
| CapEx | ₹-35.3 Cr | ₹-28.8 Cr | ₹-68.0 Cr | ₹-119 Cr | ₹-243 Cr | — |
| FCF | ₹23.6 Cr | ₹44.8 Cr | ₹74.4 Cr | ₹8.1 Cr | ₹-137 Cr | — |
| Total Assets | ₹921 Cr | ₹1031 Cr | ₹1040 Cr | ₹1136 Cr | ₹1633 Cr | +15.4% |
| Total Debt | ₹162 Cr | ₹144 Cr | ₹83.7 Cr | ₹120 Cr | ₹93.0 Cr | -13.0% |
| Shareholders' Equity | ₹555 Cr | ₹642 Cr | ₹719 Cr | ₹798 Cr | ₹1277 Cr | +23.2% |
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 | 6.6% | — |
 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
5 ex-dividend events on file. Source: NSE corporate-actions feed.
Total paid (5Y)
₹9.50/sh
Last payout
2025-09-12
₹3.00
Peak payout
₹3.00
Trailing yield
1.10%
Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).
AI Analysis Summary
Model-generated description of metrics. Not investment advice. VARDHMAN SPC STEEL LTD (VSSL.NS) trades at 271.80 vs a model fair value of 192.23, a gap of -29.3%. Piotroski F-score: 6/9. Moat label: N...
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Market-implied growth
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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 →
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Head-to-head with peers
Compare VSSL side by side →
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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.