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: 5
Author: ICICI Securities Limited

Vardhman Special Steels Ltd.

NSE: VSSL | BSE: 534392 | ISIN: INE050M01012 | Industry: Iron & Steel Products
| Strong Performer, Under Radar

203.2600 -4.63 (-2.23%)

NSE Apr 21, 2025 15:31 PM

40.71% Fall from 52W High

Volume: 156.2K

Vardhman Special Steels Ltd.

16 May 2021

203.26

-2.23%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

Target

ICICI Securities Limited

Vardhman Special Steel (VSSL) reported a healthy set of Q4FY21 numbers on the back of strong demand from the automobile sector. Sales volume for the quarter was at 47828 tonnes, up 34% YoY, 4% QoQ. Topline came in at | 334.5 crore, up 63% YoY, 16% QoQ. Topline growth was on the back of higher sales volume and price increase, which came into effect from January 2021. Ensuing EBITDA came in at | 52.3 crore, up 231% YoY, 32% QoQ. EBITDA margin for the quarter was healthy at 15.6% (13.7% in Q3FY21, 7.7% in Q4FY20). The robust EBITDA performance was primarily on the back...

Vardhman Special Steels Ltd.'s price crossed below 50Day SMA today