Vardhman Special Steels Ltd.

NSE: VSSL BSE: 534392 SECTOR: Steel & Iron Products  15k   63   1

306.00
-13.10 (-4.11%)
NSE: Today, 03:53 PM

Price Summary

Today's High

₹ 326.9

Today's Low

₹ 302

52 Week High

₹ 354

52 Week Low

₹ 200

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1243.2 Cr.

Enterprise Value

1388.15 Cr.

No. of Shares

4.06 Cr.

P/E

11.62

P/B

2.07

Face Value

₹ 10

Div. Yield

1.14 %

Book Value (TTM)

₹  147.57

CASH

15.98 Cr.

DEBT

160.92 Cr.

Promoter Holding

60.81 %

EPS (TTM)

₹  26.33

Sales Growth

46.03%

ROE

19.89 %

ROCE

25.74%

Profit Growth

127.97 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year46.03%
3 Year6.88%
5 Year15.22%

Profit Growth

1 Year127.97%
3 Year65.55%
5 Year39.4%

ROE%

1 Year19.89%
3 Year10.3%
5 Year9.31%

ROCE %

1 Year25.74%
3 Year14.04%
5 Year11.59%

Debt/Equity

0.2903

Price to Cash Flow

21.11

Interest Cover Ratio

10.1632579834948

CFO/PAT (5 Yr. Avg.)

1.29881029461855

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 60.81 0
Sep 2022 60.81 0
Jun 2022 60.81 0
Mar 2022 60.78 0
Dec 2021 60.87 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 65.5485881070333% for the Past 3 years.
  • Company has a healthy Interest coverage ratio of 10.1632579834948.
  • Company’s PEG ratio is 0.0910404497234071.
  • The company has an efficient Cash Conversion Cycle of 62.1323241704792 days.
  • Company has a healthy liquidity position with current ratio of 2.16848664391389.
  • The company has a good cash flow management; CFO/PAT stands at 1.29881029461855.
  • The company has a high promoter holding of 60.81%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 9.73299641557054.

 Limitations

  • The company has shown a poor revenue growth of 6.88249497896845% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 335.65 359.32 343.35 469.16 443.16
Total Expenditure 289.85 320.56 305.3 423.46 408.31
Operating Profit 45.81 38.76 38.05 45.7 34.85
Other Income 2.74 2 21.51 5.91 14.2
Interest 4.57 4.51 3.8 4.07 4.46
Depreciation 6.71 6.8 6.84 6.92 7.03
Exceptional Items 0 0 0 0 0
Profit Before Tax 37.27 29.45 48.93 40.63 37.56
Tax 12.98 9.98 19.74 10.33 9.55
Profit After Tax 24.29 19.47 29.19 30.3 28.01
Adjusted EPS (Rs) 6 4.81 7.2 7.47 6.91

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 858.96 1120.76 846.2 937.08 1368.46
Total Expenditure 797.03 1052.92 806.48 833.73 1199.5
Operating Profit 61.93 67.84 39.72 103.35 168.96
Other Income 6.11 1.87 9.4 12.96 33.62
Interest 21.43 23.66 25.72 19.71 17.28
Depreciation 21.51 23.92 25.72 30.23 26.96
Exceptional Items 0 0 0 0 0
Profit Before Tax 25.1 22.14 -2.32 66.38 158.34
Tax 0.06 -0.07 -5.66 22.18 57.59
Net Profit 25.04 22.21 3.34 44.19 100.75
Adjusted EPS (Rs.) 7.01 6.21 0.83 10.91 24.84

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 35.7 35.76 40.39 40.51 40.56
Total Reserves 303.62 326.23 373.24 418.86 514.4
Borrowings 101.46 135.13 107.84 109.65 78.89
Other N/C liabilities -8.86 6.04 2.09 12.02 55.24
Current liabilities 264.42 390.81 245.66 242.98 285.71
Total Liabilities 696.34 893.97 769.22 824.01 974.81
Assets
Net Block 249.56 279.83 310.11 282.54 289.16
Capital WIP 6.99 32.57 12.33 12.74 12.88
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 22.13 35.66 34.51 33.91 53.05
Other N/C Assets 0.16 0.1 51.4 0.07 0.16
Current Assets 417.5 545.82 360.87 494.76 619.56
Total Assets 696.34 893.97 769.22 824.01 974.81
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 25.1 22.14 -2.32 66.38 158.34
Adjustment 45.25 49.57 46.36 50.43 37.68
Changes in Assets & Liabilities -59.48 -84.55 92.27 -39.87 -114.75
Tax Paid 0.34 -6.01 -0.89 -9.65 -22.38
Operating Cash Flow 11.21 -18.85 135.43 67.28 58.88
Investing Cash Flow -16.25 -70.12 -88.17 6.8 -9.11
Financing Cash Flow 6.58 81.77 -45.24 -74.04 -51.84
Net Cash Flow 1.54 -7.2 2.02 0.04 -2.07

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 60.87 60.78 60.81 60.81 60.81
vardhman textiles ... 23.97 23.94 23.94 23.94 23.94
vardhman holdings ... 12.88 12.87 12.87 12.87 12.87
sachit jain 13.83 13.81 13.84 13.84 13.84
devakar investment... 5.47 5.46 5.46 5.46 5.46
mahavir shares tru... 1.32 1.31 1.31 1.31 1.31
vtl investments li... 0.93 - 0.93 0.93 0.93
s.p. oswal 0.54 1.08 0.54 0.54 0.54
flamingo finance &... 0.49 0.49 0.49 0.49 0.49
santon finance & i... 0.42 0.42 0.42 0.42 0.42
ramaniya finance &... 0.39 0.39 0.39 0.39 0.39
suchita jain 0.22 0.22 0.22 0.22 0.22
shakun oswal 0.13 0.26 0.13 0.13 0.13
shri paul oswal, p... 0.08 0.08 0.08 0.08 0.08
shri paul oswal, p... 0.07 0.07 0.07 0.07 0.07
shri paul oswal, p... 0.07 0.07 0.07 0.07 0.07
shakun oswal, part... 0.05 0.05 0.05 0.05 0.05
sagrika jain 0.01 0.01 0.01 0.01 0.01
soumya jain 0.01 0.01 0.01 0.01 0.01
mahavir spinning m... 0.01 0.01 0.01 0.01 0.01
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 39.13 39.22 39.19 39.19 39.19
aichi steel corpor... 11.43 11.41 11.41 11.41 11.41
dsp small cap fund - - - - -
anil kumar goel 2.22 2.22 2.22 2.22 2.22
sundaram alternati... - - - - -
deep j master 1.73 1.95 2.01 2.23 2.47
mukul agrawal - - - - -
mukul mahavir agra... 1.28 1.28 1.23 1.23 1.23
sundaram alternati... - - - - -
pgim india trustee... 1.01 1.23 1.23 1.23 -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Vardhman Special Steels informs about board meeting 19 Jan 2023, 5:01PM Vardhman Special Steels informs about clarification14 Dec 2022, 5:08PM Vardhman Special Steels informs about details of loss of certificate 28 Nov 2022, 5:05PM Vardhman Special Steels informs about analyst meet 22 Nov 2022, 12:32PM Vardhman Special Steels informs about investor presentation2 Nov 2022, 12:59PM Vardhman Special Steels informs about newspaper publication2 Nov 2022, 12:55PM Vardhman Special - Quaterly Results1 Nov 2022, 3:48PM Vardhman Special - Quaterly Results1 Nov 2022, 3:48PM Vardhman Special - Quaterly Results1 Nov 2022, 3:48PM Vardhman Special Steels informs about board meeting22 Oct 2022, 4:38PM Vardhman Special Steels informs about loss of share certificate19 Oct 2022, 12:42PM Vardhman Special Steels informs about certificate10 Oct 2022, 4:39PM Vardhman Special Steels informs about transcript of conference call30 Jul 2022, 12:12PM Vardhman Special Steels informs about newspaper publication26 Jul 2022, 12:01PM Vardhman Special Steels informs about un-audited financial results25 Jul 2022, 5:11PM Vardhman Special - Quaterly Results25 Jul 2022, 3:14PM Vardhman Special - Quaterly Results25 Jul 2022, 3:14PM Vardhman Special - Quaterly Results25 Jul 2022, 3:14PM Vardhman Special Steels informs about loss of share certificates24 Jun 2022, 5:00PM Vardhman Special Steels informs about newspaper publication30 Apr 2022, 12:37PM Vardhman Special - Quaterly Results29 Apr 2022, 4:19PM Vardhman Special - Quaterly Results29 Apr 2022, 4:19PM Vardhman Special - Quaterly Results29 Apr 2022, 4:19PM Vardhman Special Steels informs about loss of share certificate5 Apr 2022, 12:36PM Vardhman Special Steels informs about investors meet23 Mar 2022, 3:53PM Vardhman Special Steels informs about disclosure7 Mar 2022, 5:21PM Vardhman Special Steels informs about demat of shares10 Nov 2021, 12:24PM Vardhman Special - Quaterly Results25 Oct 2021, 4:35PM Vardhman Special Steels informs about compliance certificate13 Oct 2021, 3:28PM Vardhman Special Steels informs about updates8 Oct 2021, 4:31PM Vardhman Special Steels informs about scrutinizer's report18 Sep 2021, 4:49PM Vardhman Special Steels informs about proceedings of 11th AGM17 Sep 2021, 4:55PM Vardhman Special Steels informs about analyst meet31 Jul 2021, 1:28PM Vardhman Special Steels gets Environmental Clearance for capacity expansion at Ludhiana plant 24 Jun 2021, 9:15AM Vardhman Special Steels informs about transcript of conference call19 May 2021, 11:38AM Vardhman Special Steels informs about newspaper publication14 May 2021, 12:14PM Vardhman Special Steels informs about media release14 May 2021, 10:13AM Vardhman Special Steels informs about earnings conference call11 May 2021, 3:19PM Vardhman Special Steels informs about compliance certificate17 Apr 2021, 2:28PM Vardhman Special Steels informs about interest payment of CP26 Mar 2021, 10:41AM Vardhman Special Steels informs about media release20 Jan 2021, 3:18PM Vardhman Special Steels informs about investor presentation20 Jan 2021, 12:41PM Vardhman Special Steels informs about record date of CP23 Dec 2020, 10:43AM Vardhman Special Steels informs about record date of CP23 Sep 2020, 10:40AM

Vardhman Special Stock Price Analysis and Quick Research Report. Is Vardhman Special an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Vardhman Special has a PE ratio of 11.6226071103008 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Vardhman Special has ROA of 11.2018428987519 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Vardhman Special has a Current ratio of 2.16848664391389 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Vardhman Special has a ROE of 19.8870871928358 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Vardhman Special has a D/E ratio of 0.2903 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Vardhman Special has an Inventory turnover ratio of 5.51152823003699 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Vardhman Special has reported revenue growth of 46.0345007896871 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Vardhman Special for the current financial year is 12.346892686166 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Vardhman Special is Rs 3.5 and the yield is 1.1303 %.

Brief about Vardhman Special

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