70.80
-2.21%
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 Steels Ltd. has gained 65.03% in the last 6 Months
Vardhman Special Steels Ltd.    
18 Apr 2019, 12:00AM
70.80
-2.21%
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. is trading above it's 200 day SMA of 62.1
70.80
-2.21%
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. has gained 65.03% in the last 6 Months