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...

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...

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 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...