NSE: VSSL | BSE: 534392

Risky Value

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238.04 -2.83 (-1.17%)

30.56% Fall from 52W High

40,995 NSE+BSE Volume

NSE 02 May, 2025 3:31 PM (IST)

1,945.6

Market Cap

High in industry

0.9

Beta 1Year

Low 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.

Vardhman Special Steels Ltd.

16 May 2021

238.04

-1.17%

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. is trading above its 100 day SMA of 222.5

Vardhman Special Steels Ltd.

29 Jan 2021

238.04

-1.17%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

Target

ICICI Securities Limited

Improvement in demand from automobile sector augurs well Healthy demand from the automobile sector and from OEMs/component manufacturers aided VSSL to report a strong operational performance in Q3FY21. On the back of good demand from user industry, for Q3FY21 VSSL reported a robust EBITDA/tonne of | 8583/tonne (| 4794/tonne in Q2FY21 and | 1879/tonne in Q3FY20). This quarter's performance was beyond company's normal guided range. VSSL's EBITDA/tonne guidance is in | 5000-7000/tonne range. For 9MFY21, EBITDA/tonne came in at...

Vardhman Special Steels Ltd. is trading above its 100 day SMA of 222.5

Vardhman Special Steels Ltd.

25 Nov 2020

238.04

-1.17%

Vardhman Special Steel

Buy: Vardhman Special Steels Ltd.

Recommendation Target

ICICI Securities Limited

Earlier, during Q1FY21, VSSL reported a subdued performance. While the Q1FY21 performance was weak on the back of Covid-19 related concerns, in Q2FY21, the company witnessed a healthy turnaround in its operations on the back of a smart recovery in demand from the auto sector. On the back of strong demand from the domestic auto sector, in Q2FY21 VSSL registered its highest ever quarterly sales volume of 43986 tonnes (up 32% YoY). Going forward, for Q3FY21 also, the management expects the healthy trend in auto...

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

Vardhman Special Steels Ltd.

24 Jun 2020

238.04

-1.17%

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.

18 Apr 2019

238.04

-1.17%

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. is trading above its 100 day SMA of 222.5

Vardhman Special Steels Ltd.

09 Jul 2018

238.04

-1.17%

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

Is Vardhman Special Steels Ltd. worth buying?

74 Votes:

Buy 82.43%

Sell 9.46%

Hold 8.11%

RESEARCH REPORTS

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