| Revenue growth | Sales volumes met budget; management targeting ~10% growth for FY27. |
|---|---|
| Margins | EBITDA/ton guidance raised from 7k-10k to 8k-11k range. |
| Demand visibility | Strong for ring gears and special steels; diversifying to 30% non-auto. |
| Management confidence | High; Board increased dividend to ₹3.50; Aichi increased stake to 24.9%. |
Growth
FY26 volume reached 225,000 tons (record); Profit at ₹122 crore. Target FY27 volume is 250,000-255,000 tons.
Outlook
EBITDA guidance raised to ₹8,000-11,000/ton. Massive ₹2,600cr capex planned for new steel and forging plants by FY30.
Risks
Global recession, Iran-US war impacts, high gas costs, and Ludhiana's status as a critically polluted zone.
Earnings Call filed with BSE, NSE: VSSL. Summary written with AI assistance from the document.
Vardhman Special Steels Ltd: key numbers
- Share price
- ₹411.50
- Market cap
- ₹3,979 Cr
- Revenue (annual)
- ₹1,754 Cr
- Net profit (annual)
- ₹122.0 Cr
- P/E (TTM)
- 27.8×Sector 19.0×
- Promoter holding
- 51.06%+0.00% QoQ
- FII holding
- 0.55%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Vardhman Special Steels Ltd
All →Vardhman Special Steels Annual General Meeting
Vardhman Special Steels filed proceedings of its 16th AGM held on 18-Sep-2026 via VC/OAVM. Resolutions covered adopting FY26 financials and a Rs 3.5 per-share dividend.
Vardhman Special Steels Investor Presentation: Key Takeaways
Vardhman Special Steels delivered a strong Q1 FY27 with revenue at INR 486 Cr (up 12% YoY) and PAT of INR 41 Cr. Management is focusing on capacity expansion and non-automotive diversification.
- Call
- Guides 6% growth
Vardhman Special Steels Earnings Call Transcript: Key Takeaways
Management is optimistic about a multi-engine growth strategy involving non-automotive, forging, and aerospace segments. While current growth is volume-constrained by licensing, future capacity expansions and cost-saving measures aim to boost profitability.
Vardhman Special Steels Investor Presentation: Key Takeaways
VSSL reported strong Q1 FY27 results with 12% YoY revenue growth and 107% PAT growth, driven by higher volumes and OEM price hikes.
Vardhman Special Steels Q1 FY27 Results: Net Profit ₹41.2 Cr, Up 107.0% YoY
Vardhman Special Steels Ltd reported revenue from operations of ₹486 Cr (+12.1% YoY) and net profit of ₹41.2 Cr (+107.0% YoY) for Q1 FY27.
- Key figure
- Net profit ₹41.2 Cr · +107.0% YoY
Vardhman Special Steels Earnings Call: Key Takeaways
Management reported record profits of ₹122 crore and 225,000 tons volume, marking the transition toward a 'supermarket of special steels' with a heavy focus on non-automotive diversification.