Vardhman Special Steels DuPont analysis

Profitability Growth Credit Liquidity Working capital Dividend yield DuPont CAGR

Per cent unless marked ×

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

5-step DuPont — ROE = tax burden × interest burden × EBIT margin × turnover × leverage						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	0.74×	0.74×	0.74×	0.75×	0.75×
	1.19×	1.23×	1.09×	1.10×	1.19×
	9.2%	7.6%	6.5%	6.7%	6.5%
	1.27×	1.27×	1.62×	1.61×	1.78×
	1.34×	1.28×	1.42×	1.45×	1.60×
	13.9%	11.3%	12.2%	12.8%	16.5%
	11.8%	11.8%	12.3%	13.5%	16.8%

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

VSSL₹328.55

Vardhman Special Steels Limited

· Capital Goods & Defence

₹ CrorePeersVENUSPIPES JTLIND SAMBHV KSL KIRLOSIND GOODLUCK BANSALWIRE RATNAVEERMcap ₹3,177 Cr

Profitability Growth Credit Liquidity Working Capital Yield Analysis DuPont

Ratios — % unless marked × 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
5-Step DuPont — ROE = Tax Burden × Interest Burden × EBIT Margin × Turnover × Leverage
Tax Burden (Net Income/Pretax) ×	0.75	0.75	0.74	0.74	0.74
Interest Burden (Pretax/EBIT) ×	1.19	1.10	1.09	1.23	1.19
EBIT Margin %	6.52	6.71	6.49	7.62	9.21
Asset Turnover ×	1.78	1.61	1.62	1.27	1.27
Financial Leverage (Assets/Equity) ×	1.60	1.45	1.42	1.28	1.34
ROE (5-step product, year-end total equity) %	16.54	12.83	12.17	11.29	13.86
ROE (owners' profit / average owners' equity) %	16.78	13.46	12.27	11.76	11.76

No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.