Vardhman Special Steels enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


3,250	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
187	161	20.8	7.6	29.5
92.6	92.6	120	82.9	143
3,155	—	—	—	—
−94.1	−68.4	99.0	75.3	113
₹326.37	—	—	—	—

1,431	1,370	918	802	785
6.5%	6.8%	13.0%	10.3%	18.2%
0.03×	—	—	—	—

1.60×	—	—	—	—
14.55×	—	—	—	—
17.34×	—	—	—	—
1,975	1,754	1,764	1,661	1,735
217	166	148	142	141
182	134	115	111	113
—	106	127	142	73.6
−137	−137	8.1	74.4	44.8
—	−140	3.4	69.8	40.4
—	243	119	68.0	28.8

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

alphave

VSSL₹336.10

Vardhman Special Steels Limited

· Capital Goods & Defence

₹ CrorePeersVENUSPIPES JTLIND SAMBHV KSL KIRLOSIND GOODLUCK BANSALWIRE RATNAVEERMcap ₹3,250 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	3,249.6
- Cash, Equiv & ST Investments	29.5	7.6	20.8	161.1	186.8
+ Total Debt	142.9	82.9	119.7	92.6	92.6
Enterprise Value	—	—	—	—	3,155.5
Net Debt (memo)	113.4	75.3	99.0	-68.4	-94.1
EV per Share	—	—	—	—	326.37

Total Capital	785.1	802.3	917.6	1,370.0	1,431.0
Total Debt/Total Capital	18.20	10.34	13.05	6.76	6.47
Total Debt/EV	—	—	—	—	0.03

EV/Sales	—	—	—	—	1.60
EV/EBITDA	—	—	—	—	14.55
EV/EBIT	—	—	—	—	17.34
Reference Items — Trailing FY Values
Sales	1,735.0	1,661.4	1,764.4	1,754.4	1,974.5
EBITDA	141.3	142.4	148.0	166.5	216.9
EBIT	113.2	111.5	114.6	133.6	182.0
Operating Cash Flow	73.6	142.4	126.9	105.9	—
Free Cash Flow	44.8	74.4	8.1	-136.7	-136.7
FCFF (free cash flow to the firm)	40.4	69.8	3.4	-139.8	—
Capital Expenditure	28.8	68.0	118.8	242.6	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave

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%.