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Vraj Iron and Steel Limited (VRAJ) Fair Value & Analysis

Basic Materials · IN · Market cap ₹3.8B

VI Vraj Iron and Steel Limited VRAJ · NSE
Price₹115.08
Fair Value₹173.57
Upside+50.8%
Quality34/100
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Evidence: Medium Range ₹127.38 – ₹219.77

Fair value as of: Jul 3, 2026

From 14 valuation models · updated today

Share price −6.6% over the past month.

Price vs Fair Value (12 months)

₹175.34 ₹94.67 Fair Value ₹173.57 Jul 2025 Jul 2026

12‑month range ₹94.67 – ₹175.34 · fair‑value band ₹127.38 – ₹219.77 · the ₹115.08 price screens below the ₹173.57 fair value. As of Jul 3, 2026.

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Analysis

Vraj Iron and Steel Limited (VRAJ) currently trades at ₹115.08, while our model-based Fair Value estimate is ₹173.57 — implying the stock looks roughly 50.8% undervalued today. We read business quality at 34/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, Vraj Iron and Steel Limited generated revenue of ₹5.9B at a net margin of 5.4%. Revenue grew 11.2% year over year. It earns a return on equity of 7.7%. Net debt stands at ₹370M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹5.9B
Revenue growth (YoY) +11.2%
Net margin 5.4%
Return on equity 7.7%
Free cash flow −₹744M FY2026
P/E ratio 11.9
More key figures
Operating margin 10.5%
EPS (TTM) ₹9.71
EPS growth (YoY) +45.7%
Net debt ₹370M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Vraj Iron and Steel Limited engages in the manufacture and sale of sponge iron, MS billets, TMT bars and others related items under the Vraj brand primarily in India. It sells its products directly, as well as through brokers and dealers to industrial customers and end-users. The company was incorporated in 2004 and is based in Raipur, India. Vraj Iron and Steel Limited is a subsidiary of Gopal Sponge and Power Private Limited.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Vraj Iron and Steel Limited reported revenue of ₹5.9B in FY2026 versus ₹4.1B in FY2022, a compound +9.2%/yr. Reported net income was ₹320M in FY2026, compounding +2.8%/yr from FY2022.

Revenue +9.2%/yr
FY22 ₹4.1B
FY23 ₹5.2B
FY24 ₹4.2B
FY25 ₹4.8B
FY26 ₹5.9B
Net income +2.8%/yr
FY22 ₹287M
FY23 ₹540M
FY24 ₹574M
FY25 ₹441M
FY26 ₹320M

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Similar stocks

6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2140 $0.2500 +17%
Nucor Corporation NUE $250.49 $79.02 -68%
ArcelorMittal S.A ARMT34 R$163.20 R$15.38 -91%
JSW Steel Limited JSWSTEEL ₹1,284 ₹901.55 -30%
Baoshan Iron & Steel Co 600019 ¥5.74 ¥7.78 +36%
China Steel Corporation 2002A 38.25 TWD 9.37 TWD -76%

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Frequently asked questions

Is Vraj Iron and Steel Limited (VRAJ) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹173.57 versus a price of ₹115.08 — about +51% (undervalued). Model-based estimate, not financial advice.
What is the fair value of VRAJ?
Our model-based fair value for Vraj Iron and Steel Limited is ₹173.57 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹115.08.
What is the quality score of VRAJ?
Vraj Iron and Steel Limited has a Quality Score of 34/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Vraj Iron and Steel Limited (VRAJ)?
Vraj Iron and Steel Limited reported trailing-twelve-month revenue of about ₹5.9B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of VRAJ?
The net profit margin of Vraj Iron and Steel Limited is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.