# Vardhman Special Steels (NSE: VSSL) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/VSSL · Pivot · prices to 22 Oct 2026

Vardhman Special Steels (NSE: VSSL) closed at ₹354.30 on 22 Oct 2026, up 0.10% on the day. With a market capitalisation of ₹3,426 Cr, it ranks 925th by market cap among the 4,183 NSE companies Pivot tracks (a small-cap company by SEBI's rank bands). It belongs to the Metals & Mining sector; its industry is Steel.

At its last close the stock traded at 27× trailing earnings, against a return on equity of 11.7% in FY25. Over the past year the share price has risen 28.2%. Its 52-week range is ₹206.40 (30 Mar 2026) to ₹428.25 (17 Sep 2026); the last close is 17.3% below the high. In Q4 FY25, the quarter ended 31 Mar 2025, revenue was ₹428 Cr (−2.6% year on year) and net profit ₹20 Cr (−39.8%), on a consolidated basis. Promoters held 51.06% of the company as of 30 Jun 2026.

## Key numbers

| Metric | Value |
| --- | --- |
| Last close | ₹354.30 |
| Market cap | ₹3,426 Cr |
| P/E (trailing) | 27 |
| ROE | 11.7% (FY25) |
| ROCE | 17.5% (FY25) |
| Debt to equity | 0.15 |
| 52-week high | ₹428.25 (17 Sep 2026) |
| 52-week low | ₹206.40 (30 Mar 2026) |
| 1-year return | +28.2% |

## Quarterly results (₹ crore, consolidated)

| Quarter | Revenue | Revenue YoY | Net profit | Net profit YoY | EPS (₹) |
| --- | --- | --- | --- | --- | --- |
| Q4 FY25 | ₹428 Cr | −2.6% | ₹20 Cr | −39.8% | ₹2.42 |
| Q3 FY25 | ₹427 Cr | +7.4% | ₹21 Cr | −1.6% | ₹2.63 |
| Q2 FY25 | ₹495 Cr | — | ₹26 Cr | — | ₹3.17 |
| Q1 FY25 | ₹415 Cr | — | ₹26 Cr | — | ₹3.20 |
| Q4 FY24 | ₹439 Cr | — | ₹33 Cr | — | ₹4.00 |
| Q3 FY24 | ₹397 Cr | — | ₹22 Cr | — | ₹2.68 |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY25 | ₹1,764 Cr | ₹93 Cr |
| FY24 | ₹1,661 Cr | ₹92 Cr |

## Shareholding (30 Jun 2026)

- Promoters: 51.06%
- Foreign institutions: 0.55%
- Domestic institutions: 3.27%
- Non-institutions: 45.12%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [DEE Development Engineers](https://app.pivotnow.in/stock/DEEDEV) | ₹538.40 | ₹4,051 Cr | 48.3 | — |
| [Midwest](https://app.pivotnow.in/stock/MIDWESTLTD) | ₹1,109.70 | ₹4,013 Cr | 37.7 | — |
| [Kalyani Steels](https://app.pivotnow.in/stock/KSL) | ₹912.05 | ₹3,981 Cr | 15.4 | — |
| [Venus Pipes & Tubes](https://app.pivotnow.in/stock/VENUSPIPES) | ₹1,825.70 | ₹3,782 Cr | 36.9 | — |
| [Deccan Gold Mines](https://app.pivotnow.in/stock/DECNGOLD) | ₹173.45 | ₹3,446 Cr | — | — |
| [Welspun Specialty Solutions](https://app.pivotnow.in/stock/WELSPLSOL) | ₹44.35 | ₹2,939 Cr | — | — |

## Questions and answers

### What is the share price of Vardhman Special Steels today?

Vardhman Special Steels (NSE: VSSL) last closed at ₹354.30 on 22 Oct 2026. Its 52-week high is ₹428.25 and its 52-week low is ₹206.40.

### What is the market cap of Vardhman Special Steels?

Vardhman Special Steels' market capitalisation is ₹3,426 Cr (₹3,426 Cr) at the 22 Oct 2026 close, ranking 925th among the NSE companies Pivot tracks.

### What is the P/E ratio of Vardhman Special Steels?

Vardhman Special Steels trades at a trailing P/E of 27. The median P/E of the 4 closest Metals & Mining peers by market cap is 37.7.

### What is the ROE and ROCE of Vardhman Special Steels?

Return on equity was 11.7% in FY25 and return on capital employed was 17.5% in FY25 (consolidated figures).

### Is Vardhman Special Steels a debt-free company?

No. Vardhman Special Steels' debt-to-equity ratio was 0.15 in FY25, with total debt of ₹3 Cr.

### What were Vardhman Special Steels' latest quarterly results?

For Q4 FY25 (quarter ended 31 Mar 2025), Vardhman Special Steels reported revenue of ₹428 Cr, −2.6% year on year, and net profit of ₹20 Cr, −39.8% year on year.

### How has Vardhman Special Steels stock performed over the last year?

Vardhman Special Steels' share price has risen 28.2% over the past year, +15.4% over three months and −13.6% over one month, to the 22 Oct 2026 close.

### What is the shareholding pattern of Vardhman Special Steels?

As of 30 Jun 2026: promoters 51.06%, foreign institutions 0.55%, domestic institutions 3.27%, non-institutions 45.12%.

### Who are Vardhman Special Steels' competitors?

The listed Metals & Mining companies closest to Vardhman Special Steels by market cap are DEE Development Engineers, Midwest, Kalyani Steels, Venus Pipes & Tubes, Deccan Gold Mines and Welspun Specialty Solutions.

### Is Vardhman Special Steels a good stock to buy?

Pivot does not give buy or sell recommendations. This page sets out Vardhman Special Steels' price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on VSSL against its own history before risking money. This is analysis, not financial advice.

---

Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.