| 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
- ₹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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