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Intrinsic value · Buy/Sell verdict · scores — free· 1088 Nifty 500 stocks· EOD 2026-06-16

Vardhman Special Steels Limited

VSSL · NSE · Basic Materials

₹283.9
-0.75 (-0.26%)
Our verdict
Buy65/100
Quality62
Valuation49
Momentum81
Financial trend77
Intrinsic value
Our fair value
₹266.73
Fairly valued
Price ₹283.9Range ₹141.95₹288.07

With a 20% margin of safety, our buy-below price is ₹213.38.

A
Financial health 100/100
Altman Z 6.5 · Safe zone

Piotroski F-score 5/9 — quality of earnings & balance sheet.

Investability checklist

Passed 6 of 13 checks46/100
  • ROE above 15%11.8%
  • Low debt (D/E < 0.5)0.07x
  • Positive free cash flow
  • Revenue growth > 10%7%
  • Earnings growing46%
  • Net margin ≥ 10%7.0%
  • Current ratio > 1.52.90
  • Below our fair value
  • Margin of safety ≥ 20%
  • Above 200-day average
  • Above 50-day average
  • Positive 1-year return
  • Altman Z in safe zoneZ 6.5
  • Piotroski ≥ 75/9

1-year price

EOD · 2026-06-16
1W
+4.5%
1M
+2.4%
3M
+16.8%
6M
-1.0%
1Y

Our scores

Durability62
Valuation57
Momentum81

Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.

Quarterly results

3Q2017
₹208 Cr0%
4Q2017
₹219 Cr4%
2Q2018
₹271 Cr3%
Revenue Net profitRevenue 3-period change +30%

Annual financials

2022
₹1,368 Cr7%
2023
₹1,735 Cr6%
2024
₹1,661 Cr6%
2025
₹1,764 Cr5%
Revenue Net profitRevenue 4-period change +29%

Shareholding

Promoter78.0%
Institutions3.3%
Public & other18.7%

Promoter holding via insider stake; institutional via reported holdings.

Key fundamentals

Market cap
₹2,745 Cr
P/E ratio
21.6
P/B ratio
2.25
EPS (TTM)
₹13.12
ROE
11.8%
Debt / Equity
0.07x
Profit margin
7.0%
Free cash flow
₹-168 Cr
52-week high
₹314.95
-9.86% from high
52-week low
₹208.4
Dividend yield
1.1%
Beta
0.42

SWOT snapshot

Strengths

  • Lightly leveraged balance sheet.
  • Financially solid — Altman Z 6.5.

Opportunities

  • Earnings growing (46% YoY).

About Vardhman Special Steels Limited

Vardhman Special Steels Limited engages in the manufacture and sale of billets, steel bars, and bright bars of various categories of special and alloy steels in India and internationally. Its customers include passenger vehicles, two wheelers, commercial vehicles, tractors, and railways, as well as engineering, bearing, and allied industries. Vardhman Special Steels Limited was founded in 1973 and is headquartered in Ludhiana, India.

More in Basic Materials

Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.