ALFA Finder| EBITDA Margin: guided vs achieved | 10760.00% achieved Guided 8000.00%–11000.00% |
|---|---|
| Management target | Revenue 5.9% FY28 |
| Revenue growth | 12% YoY |
|---|---|
| Margins | Improving due to cost reduction and fixed cost spread |
| Order book | Fully booked; demand exceeding current supply capabilities |
| Demand visibility | Strong; currently refusing orders due to capacity constraints |
| Management confidence | High regarding volume growth and margin improvement |
Growth
Revenue grew 12% YoY to INR 486 Cr; PAT surged to INR 41 Cr from INR 20 Cr YoY. Sales volume hit 59,000 tons.
Outlook
EBITDA/ton guidance raised to INR 8,000-12,000 for FY28. Brownfield expansion to 360k tons and greenfield plant by FY30 planned.
Risks
License-constrained capacity limits near-term growth; rising metal costs and currency depreciation impacting new project costs.
Last quarter's promises, checked
Delivered
- EBITDA/ton INR 8,000-11,000 → delivered 10,760 (= BEAT)
- Volume target 250k-255k tons → delivered 59k tons in Q1 (on track for 236k-250k) (= BEAT)
- Ingot casting start Q3 FY27 → confirmed for Q3 FY27 (= BEAT)
Partly delivered
- Environmental clearance for 3.6L tons → still awaiting approval (= PARTIAL)
Investor Presentation filed with BSE, NSE: VSSL. Summary written with AI assistance from the document.
Vardhman Special Steels Ltd: key numbers
- Share price
- ₹377.40
- Market cap
- ₹3,652 Cr
- Revenue (annual)
- ₹1,754 Cr
- Net profit (annual)
- ₹122.0 Cr
- P/E (TTM)
- 22.6×Sector 17.1×
- Promoter holding
- 51.18%+0.12% QoQ
- FII holding
- 0.58%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 Other Announcement
Vardhman Special Steels filed the Crisil Monitoring Agency Report for the quarter ended 30 September 2026. It reports no deviation from the preferential issue's use of proceeds.
Vardhman Special Steels Earnings Call Transcript: Key Takeaways
Strong quarterly performance driven by robust demand and operational efficiencies, though management warns current high EBITDA levels are unsustainable.
Vardhman Special Steels Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹600.05 Cr (+38.8% YoY), PAT ₹52.49 Cr (+51.9%), EBITDA ₹83.86 Cr; H1 PAT +72%. Strategy: forging line (₹475 Cr) and ~₹2,600 Cr capex.
Vardhman Special Steels Results Update
Vardhman Special Steels posted H1 FY27 revenue of ₹1,086.06 Crore and PAT of ₹93.68 Crore. Q2 profit rose 51.88% year on year.
Vardhman Special Steels Management Change
Vardhman Special Steels appointed Mr. Iwao Shimamoto as Non-Executive Non-Independent Director effective 27 October 2026. The board move follows the May 2025 Share Subscription Agreement with Aichi Steel Corporation.
Vardhman Special Steels Q2 FY27 Results: Net Profit ₹52.5 Cr, Up 51.7% YoY
Vardhman Special Steels Ltd reported revenue from operations of ₹600.1 Cr (+38.8% YoY) and net profit of ₹52.5 Cr (+51.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹52.5 Cr · +51.7% YoY