| 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
- ₹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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