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Earnings Call

Vardhman Special Steels Earnings Call: Key Takeaways

VSSL reported FY26 PAT of ₹122.02cr (up 31%) on revenue of ₹1,754cr. Strategy focuses on becoming debt-free and expanding capacity via a new ₹475cr greenfield project.

Highlights
Revenue growthFY26 revenue: ₹1,754.43cr vs FY25: ₹1,764.41cr (down 0.57%)
MarginsEBITDA margin improved; EBITDA/ton at ₹9,255 in FY26
Demand visibilityStrong domestic/international base for forging; 8% sales from exports
Management confidenceHigh, citing debt-free status and stronger operational base

Growth

FY26 revenue dipped 0.57% due to pricing, but EBITDA grew 17.87% to ₹208.82cr; PAT grew 31.08%.

Outlook

New 500,000 MTPA greenfield plant by FY30; current capacity increasing to 270,000 tonnes with new reheating furnace.

Risks

Potential margin volatility from raw material prices; dependence on automotive sector demand cycles.

Source

Earnings Call filed with NSE, NSE: VSSL. Summary written with AI assistance from the document.

Read the document ↗

Vardhman Special Steels Ltd: key numbers

Share price
₹389.75
Market cap
₹3,772 Cr
Revenue (annual)
₹1,754 Cr
Net profit (annual)
₹122.0 Cr
P/E (TTM)
26.3×Sector 18.4×
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.

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Annual General Meeting

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.

17:56 IST NSE
Other Announcement

Vardhman Special Steels Other Announcement

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17:29 IST NSE
Annual General Meeting

Vardhman Special Steels Annual General Meeting

Vardhman Special Steels Limited has released its Annual Report for F.Y. 2025-26 and the notice convening its 16th Annual General Meeting on September 18, 2026.

16:07 IST BSE
Other Announcement

Vardhman Special Steels Other Announcement

Vardhman Special Steels submitted a Monitoring Agency Report for the quarter ended June 30, 2026, concerning its preferential issue proceeds.

10:07 IST BSE
Earnings Call

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
17:27 IST BSE
Capacity Expansion

Vardhman Special Steels Capacity Expansion: ₹1,116 Cr Investment

Vardhman Special Steels is investing ₹1,116 Crore to set up a new forging unit in Ludhiana, marking its forward integration into high-value automotive components.

Value
₹1,116 Cr