Vardhman Special Steels Ltd. News and Updates

Name: Latest research reports of Vardhman Special Steels Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Vardhman Special Steels Ltd.
Rating: 3
Author: ICICI Securities Limited

Keep track of all breaking news on Vardhman Special Steels Ltd. from all sources in a single place.

Load latest

Vardhman Special Steels Ltd.

24 Jun 2020

275.00

-1.31%

Vardhman Special Steel

Hold: Vardhman Special Steels Ltd.

Recommendation Target

ICICI Securities Limited

For FY20, topline was at | 846.2 crore (down 24.5% YoY). The decline in topline was on account of lower sales volume, decline in sales realisation and lower trading sales vs. FY19. The decline in sales volume was due to lower demand from the automotive industry. EBITDA for FY20 was at | 39.7 crore (down 41% YoY). In addition to muted demand from the automotive sector, higher cost of inventory built for the planned plant shutdown in Q2FY20, inventory loss due to decline in raw material and electrode prices and higher fixed cost per unit of steel due to low production levels also...

Vardhman Special Ste.. has an average target of 280.00 from 1 broker.

Vardhman Special Steels Ltd.

17 Sep 2019, 08:38AM

275.00

-1.31%

Vardhman Special Steel expects Aichi investment to improve quality of its auto steel

livemint

Aichi Steel Corp has agreed to acquire a minority stake of 11.4% in Vardhman Special Steels.The two companies signed an agreement on the deal worth $7 million in a ceremony held in Aichi Prefecture

Vardhman Special Steels Ltd. is trading below its 30 day SMA of 278.3

Vardhman Special Steels Ltd.

18 Apr 2019

275.00

-1.31%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

ICICI Securities Limited

Presence in niche segments limits competition: VSSL has a presence in northern India where competition in alloy steel and special steel is comparatively less compared to other parts of India. Additionally, it is also closer to Maruti and Hero's plant, providing it an edge. Within the broader spectrum, VSSL chooses to be in niche spaces where it enjoys the status of...

Vardhman Special Steels Ltd. has gained 26.01% in the last 6 Months

Vardhman Special Steels Ltd.

09 Jul 2018

275.00

-1.31%

Vardhman Special Steels

Mgmt Note: Vardhman Special Steels Ltd.

ICICI Securities Limited

Vardhman Special Steel (VSSL) is a part of the Vardhman Group engaged in manufacturing special auto grade steel. The company is a supplier of choice for leading auto OEMs given its focus on strong product quality. VSSL is equipped with capacity to manufacture 2 lakh tonne of steel billets and 1.8 lakh tonne of steel rolled products. The company also has a bright bar capacity of 36000 tonnes. Expanding steel melting, rolling capacity, volume growth to follow... VSSL is currently undertaking expansion wherein it is expanding its steel...

Vardhman Special Steels Ltd. is trading below its 30 day SMA of 278.3

Vardhman Special Steels Ltd.

19 Feb 2018

275.00

-1.31%

Company news: Vardhman Special Steels

Business Line

The board of Vardhman Special Steels on Monday announced the closure of its qualified institutional placement issue and approved the issue price of 130 a share. The QIP price is a

Promoters have decreased holdings from 60.37% to 51.13% in Sep 2025 qtr

Vardhman Special Steels Ltd.

17 Apr 2017

275.00

-1.31%

Vardhman Special rights issue opens

Business Line

Vardhman Special Steels plans to raise 67.85 crore by issuing 1.357 crore equity shares on rights basis. The issue, which opens for subscription on Tuesday, would be open till May 2. The company...

Vardhman Special Steels Ltd. is trading above its 200 day SMA of 244.3

Vardhman Special Steels Ltd.

29 Mar 2017

275.00

-1.31%

Vardhman Special rights issue

Business Line

Vardhman Special Steels plans to raise 67.85 crore by issuing shares on rights basis. In an exchange filing, the company said it plans to offer 1.237 crore shares to shareholders and 12 lakh...

Vardhman Special Steels Ltd.'s price crossed below 30Day SMA today

Is Vardhman Special Steels Ltd. worth buying?

79 Votes:

Buy 82.28%

Sell 8.86%

Hold 8.86%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf

54.49% Gain from 52W Low

Vardhman Special Steels Ltd. News and Updates

Keep track of all breaking news on Vardhman Special Steels Ltd. from all sources in a single place.