Fair Value Calculator Fair Value Calculator
EN DE

Vardhman Special Steels Limited (VSSL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹26.7B

VS Vardhman Special Steels Limited VSSL · NSE
Price₹274.35
Fair Value₹201.52
Upside-26.5%
Quality46/100
Watch Vardhman Special Steels Limited for free — get notified when fair value or trend changes. Watch for free
Evidence: High Range ₹141.07 – ₹261.98

Fair value as of: Jul 3, 2026

From 16 valuation models · updated today

Share price +1.1% over the past month.

Price vs Fair Value (12 months)

₹314.95 ₹208.40 Fair Value ₹201.52 Jul 2025 Jul 2026

12‑month range ₹208.40 – ₹314.95 · fair‑value band ₹141.07 – ₹261.98 · the ₹274.35 price screens above the ₹201.52 fair value. As of Jul 3, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

Vardhman Special Steels Limited (VSSL) currently trades at ₹274.35, while our model-based Fair Value estimate is ₹201.52 — implying the stock looks roughly 26.5% overvalued today. We read business quality at 46/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Vardhman Special Steels Limited generated revenue of ₹17.5B at a net margin of 7.0%. Revenue grew 7.0% year over year. It earns a return on equity of 11.8%. Net debt stands at ₹867M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹17.5B
Revenue growth (YoY) +7.0%
Net margin 7.0%
Return on equity 11.8%
Free cash flow −₹1.4B FY2026
P/E ratio 21.1
More key figures
Operating margin 10.7%
EPS (TTM) ₹13.12
Dividend yield 1.3%
EPS growth (YoY) +45.8%
Net debt ₹867M FY2026

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

About the company

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.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Vardhman Special Steels Limited reported revenue of ₹17.5B in FY2026 versus ₹13.7B in FY2022, a compound +6.4%/yr. Reported net income was ₹1.2B in FY2026, compounding +4.9%/yr from FY2022.

Revenue +6.4%/yr
FY22 ₹13.7B
FY23 ₹17.3B
FY24 ₹16.6B
FY25 ₹17.6B
FY26 ₹17.5B
Net income +4.9%/yr
FY22 ₹1.0B
FY23 ₹1.0B
FY24 ₹916M
FY25 ₹931M
FY26 ₹1.2B

Is VSSL fairly valued? → Check now

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%

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap Stocks

Frequently asked questions

Is Vardhman Special Steels Limited (VSSL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹201.52 versus a price of ₹274.35 — about −27% (overvalued). Model-based estimate, not financial advice.
What is the fair value of VSSL?
Our model-based fair value for Vardhman Special Steels Limited is ₹201.52 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹274.35.
What is the quality score of VSSL?
Vardhman Special Steels Limited has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Vardhman Special Steels Limited (VSSL)?
Vardhman Special Steels Limited reported trailing-twelve-month revenue of about ₹17.5B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of VSSL?
The net profit margin of Vardhman Special Steels Limited is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
Does Vardhman Special Steels Limited pay a dividend?
Vardhman Special Steels Limited currently shows a dividend yield of about 1.29% relative to its recent price (as of Jul 3, 2026).

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.