NSE: VSSL | BSE: 534392

Strong Performer, Getting Expensive

Download real time

286.20 -7.10 (-2.42%)

New 52W High in past week

83,490 NSE+BSE Volume

NSE 31 Oct, 2025 3:13 PM (IST)

2,763.6

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Vardhman Special Steels Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VSSL, BSE:534392 Vardhman Special Steels Ltd.

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Vardhman Special Steels Ltd.

06 Mar 2025

286.20

-2.42%

VARDHMAN SPECIAL STEELS LTD.

Buy: Vardhman Special Steels Ltd.

Ventura

Company Update

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

Vardhman Special Steels Ltd.

19 Oct 2023

286.20

-2.42%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

ICICI Direct

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

Vardhman Special Steels Ltd.

17 Mar 2023

286.20

-2.42%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

Recommendation Target

ICICI Direct

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

Vardhman Special Steels Ltd.

03 Feb 2023

286.20

-2.42%

Vardhman Special Steel

Hold: Vardhman Special Steels Ltd.

Target

ICICI Direct

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

Vardhman Special Steels Ltd.

27 Jul 2022

286.20

-2.42%

Vardhman Special Steel

Hold: Vardhman Special Steels Ltd.

Recommendation Target

ICICI Direct

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

Vardhman Special Steels Ltd.

03 May 2022

286.20

-2.42%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

ICICI Direct

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

Vardhman Special Steels Ltd.

31 Jan 2022, 12:00AM

286.20

-2.42%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

Target

ICICI Securities Limited

On the back of elevated operating costs, EBITDA margins declined both QoQ as well as YoY. During the quarter, EBITDA margin was at 10.8% compared to 13.7% in Q3FY21 and 13.6% in Q2FY22. The subsequent EBITDA for Q3FY22 was at | 39 crore, down 2% YoY & 15% QoQ. During Q3FY22, EBITDA/tonne was at | 8668/tonne compared to | 8583/tonne in Q3FY21 and | 10583/tonne in Q2FY22...

Vardhman Special Steels Ltd. is trading above all available SMAs

Vardhman Special Steels Ltd.

25 Oct 2021

286.20

-2.42%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

Target

ICICI Securities Limited

PAT for Q2FY22 was at | 24 crore, up 172% YoY but down 13% QoQ 12 months (from ~| 67 in October 2020 to ~| 262 levels in October 2021). We continue to remain positive and retain our BUY rating on the stock Target Price and Valuation: We value VSSL at | 340 i.e. 7.5x FY23E EV/EBITDA In June 2021, VSSL was granted environmental clearance (EC) for expansion of capacity at its existing plant in Ludhiana, to up to 280000 tonnes per annum (TPA) of rolled production. With this approval, the path for enhancement of capacity has been cleared. To begin with, the current...

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

Vardhman Special Steels Ltd.

13 Oct 2021

286.20

-2.42%

VARDHAMAN SPECIALITY STEEL LTD

Buy: Vardhman Special Steels Ltd.

Ventura

Benefiting from PLI and Scrappage Policies Aichi Alliance icing on the cake

Vardhman Special Steels Ltd. is trading above all available SMAs

Vardhman Special Steels Ltd.

02 Jul 2021

286.20

-2.42%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

Target

ICICI Securities Limited

Vardhman Special Steel (VSSL) has recently been granted the environmental clearance (EC) for expansion of capacity at its existing plant in Ludhiana, to up to 280000 tonnes per annum of rolled production. The company applied for the said approval in CY19. With this approval, the path for enhancement of capacity has been cleared. To begin with, the current rolling capacity of 200000 tonnes per annum would be increased to 250000...

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

Is Vardhman Special Steels Ltd. worth buying?

80 Votes:

Buy 82.5%

Sell 8.75%

Hold 8.75%

RESEARCH REPORTS

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Buy SEE REPORTS >

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