Commodity
MEDIUMTrigger: Management states the revenue pressure came from lower prices during the quarter and year.
Monitor: commodity
Vardhman Special Steels Ltd: Why Is It Outperforming Nifty 500?
ActiveWeak
In , Vardhman Special Steels Ltd (Steel Products) is outperforming Nifty 500 with +7.3% relative strength. Fundamentals: Weak.
Vardhman Special Steels Ltd Key Facts
- PE Ratio
- 28.9x
- Market Cap
- ₹2,659 Cr
- PAT Growth YoY
- -39%
- Revenue Growth YoY
- -3%
- OPM
- 7.0%
- RS vs Nifty 500
- +7.3%
Momentum Only
What's Happening
📊Debt increased 43% YoY — leverage rising
👔Promoter stake down 9.4% this quarter
Key Risks
1. Commodity
MEDIUM2. Climate
LOWKey Numbers
PAT Growth YoY
-39%
Inflection Down
Revenue YoY
-2%
Inflection Down
Operating Margin
7.0%
-400 bps YoY
PE Ratio
28.9
Current Price
₹275
Dividend Yield
1.09%
Fundamental Score
22/100
Weak
3Y PAT CAGR
+1%
Market Cap
2.7K Cr
Valuation
N/A12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for Vardhman Special Steels Ltd?
Earnings deceleration risks from management commentary
Climate
LOWTrigger: Management says tighter environment protection steps are being implemented alongside capacity expansion.
Monitor: climate
What Is Vardhman Special Steels Ltd's Management Saying?
Key quotes from recent conference calls
“Decline in Revenue by 0.57% mainly due to decline in prices [Risk (commodity): MEDIUM]”
“On our journey of expanding production capacity from existing 2 lac TPA to 2.80 lac TPA, we are also leaping step forward in tightening our norms towards environment protection. [Risk (climate): LOW]”
How Fast Is Vardhman Special Steels Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | -2% | +6% | Inflection Down |
| PAT (Net Profit) | -39% | +1% | Inflection Down |
| OPM | 7.0% | -400 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
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Frequently Asked Questions: Vardhman Special Steels Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Vardhman Special Steels Ltd's latest quarterly results?
Vardhman Special Steels Ltd's latest quarterly results (Mar 2025) show
- PAT Growth YoY: -39.4% (inflecting downward)
- Revenue Growth YoY: -2.5%
- Operating Margin: 7.0% (volatile)
Is Vardhman Special Steels Ltd's profit growing or declining?
Vardhman Special Steels Ltd's profit is declining with an inflecting downward trend.
- PAT Growth YoY: -39.4% (latest quarter)
- PAT Growth QoQ: -4.8% (sequential)
- 3-Year PAT CAGR: +1.1%
- Trend: Inflecting downward — consistent growth pattern
What is Vardhman Special Steels Ltd's revenue growth trend?
Vardhman Special Steels Ltd's revenue growth trend is inflecting downward.
- Revenue Growth YoY: -2.5%
- Revenue Growth QoQ: +0.2% (sequential)
- 3-Year Revenue CAGR: +6.2%
How is Vardhman Special Steels Ltd's operating margin trending?
Vardhman Special Steels Ltd's operating margin is volatile.
- Current OPM: 7.0%
- OPM Change YoY: -4.0% basis points
- OPM Change QoQ: -1.0% basis points
What is Vardhman Special Steels Ltd's 3-year profit and revenue CAGR?
Vardhman Special Steels Ltd's long-term compounding rates
- 3-Year Profit CAGR: +1.1%
- 3-Year Revenue CAGR: +6.2%
Is Vardhman Special Steels Ltd's growth accelerating or decelerating?
Vardhman Special Steels Ltd's earnings growth is inflecting downward with mixed signals on a sequential basis.
- YoY Acceleration: -34.9% bps
- Sequential Acceleration: +14.4% bps
- Margin Warning: Operating margins are under pressure
What is Vardhman Special Steels Ltd's trailing twelve month (TTM) performance?
Vardhman Special Steels Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹93 Cr
- TTM PAT Growth: +1.1% YoY
- TTM Revenue: ₹2,000 Cr
- TTM Revenue Growth: +6.3% YoY
- TTM Operating Margin: 8.2%
What is Vardhman Special Steels Ltd's current PE ratio?
Vardhman Special Steels Ltd's current PE ratio is 28.9x.
- Current PE: 28.9x
- Market Cap: 2.7K Cr
- Dividend Yield: 1.09%
What is Vardhman Special Steels Ltd's price-to-book ratio?
Vardhman Special Steels Ltd's price-to-book ratio is 2.8x.
- Price-to-Book (P/B): 2.8x
- Book Value per Share: ₹98
- Current Price: ₹275
Is Vardhman Special Steels Ltd a fundamentally strong company?
Vardhman Special Steels Ltd is rated Weak with a fundamental score of 22.03/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: -2.5% (10% weight)
- PAT Growth YoY: -39.4% (10% weight)
- PAT Growth QoQ: -4.8% (10% weight)
- Margins stable (10% weight)
Is Vardhman Special Steels Ltd debt free?
Vardhman Special Steels Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹120 Cr
What is Vardhman Special Steels Ltd's return on equity (ROE) and ROCE?
Vardhman Special Steels Ltd's return ratios over recent years
- FY2025: ROCE 17.0%
Is Vardhman Special Steels Ltd's cash flow positive?
Vardhman Special Steels Ltd's operating cash flow is positive (FY2025).
- Cash from Operations (CFO): ₹127 Cr
- Free Cash Flow (FCF): ₹0 Cr
- CFO/PAT Ratio: 137% (strong cash conversion)
What is Vardhman Special Steels Ltd's dividend yield?
Vardhman Special Steels Ltd's current dividend yield is 1.09%.
- Dividend Yield: 1.09%
- Current Price: ₹275
Who holds Vardhman Special Steels Ltd shares — promoters, FII, DII?
Vardhman Special Steels Ltd's shareholding pattern (Mar 2026)
- Promoters: 51.1%
- FII (Foreign): 0.6%
- DII (Domestic): 3.3%
- Public: 45.0%
Is promoter holding increasing or decreasing in Vardhman Special Steels Ltd?
Vardhman Special Steels Ltd's promoter holding has decreased recently.
- Current Promoter Holding: 51.1% (Mar 2026)
- Previous Quarter: 51.1% (Dec 2025)
- Change: -0.04% (decreasing — worth monitoring)
How long has Vardhman Special Steels Ltd been outperforming Nifty 500?
Vardhman Special Steels Ltd has been outperforming Nifty 500 for 3 consecutive weeks, indicating early-stage outperformance.
Is Vardhman Special Steels Ltd a new momentum entry or an established outperformer?
Vardhman Special Steels Ltd is an established outperformer with 3 weeks of consecutive Nifty 500 outperformance.
What are the key risks in Vardhman Special Steels Ltd?
Vardhman Special Steels Ltd has 2 key risks worth monitoring
- [MEDIUM] Commodity — Management states the revenue pressure came from lower prices during the quarter and year.
- [LOW] Climate — Management says tighter environment protection steps are being implemented alongside capacity expansion.
What did Vardhman Special Steels Ltd's management say in the latest earnings call?
In Q4 FY26, Vardhman Special Steels Ltd's management highlighted
- "Decline in Revenue by 0.57% mainly due to decline in prices [Risk (commodity): MEDIUM]"
- "On our journey of expanding production capacity from existing 2 lac TPA to 2.80 lac TPA, we are also leaping step forward in tightening our norms towa..."
Is Vardhman Special Steels Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Vardhman Special Steels Ltd may be worth studying
- Cash flow is positive — CFO ₹127 Cr
What is the investment thesis for Vardhman Special Steels Ltd?
Vardhman Special Steels Ltd investment thesis summary:
Risk Factors (Bear Case)
- Margins under pressure
- Key risk: Commodity
What is the future outlook for Vardhman Special Steels Ltd?
Vardhman Special Steels Ltd's forward outlook based on current data signals
- Earnings Trend: inflecting downward
- Revenue Trend: inflecting downward
- Margin Trend: volatile
- Key Risk: Commodity
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.