Vardhman Special Steels profit and loss

Latest FY26

Revenue: ₹1,754cr−0.6% on FY25
EBITDA: ₹166cr+12.5% on FY25
Net profit: ₹122cr+31.1% on FY25
EPS: ₹13.15+15.4% on FY25

₹ crore except per share

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

Expenses
	1,975	1,754	1,764	1,661	1,735	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	48.2	42.3	29.1	29.8	38.8
	2,023	1,797	1,794	1,691	1,774
	1,097	974	1,094	1,031	1,146
	0.0	0.0	0.0	1.4	0.0
	53.8	61.7	−10.8	−20.4	−37.3
	130	114	103	96.2	89.9
	13.4	11.9	18.6	18.4	17.7
	35.0	32.9	33.5	31.0	28.1
	477	438	430	411	395
	1,806	1,633	1,668	1,568	1,639
	217	166	148	142	141
	182	134	115	111	113
Profit
	217	164	125	123	134
	217	164	125	123	134
	49.2	37.9	33.3	31.5	34.6
	6.3	4.1	−1.4	−0.3	−0.8
	55.5	42.0	32.0	31.2	33.9
	161	122	93.1	91.6	100
	161	122	93.1	91.6	100
	0.7	0.4	−0.3	0.2	−0.3
	162	122	92.8	91.8	100
Per share
	₹16.69	₹13.15	₹11.40	₹11.26	₹24.76
	₹16.65	₹13.13	₹11.37	₹11.19	₹24.59
Other comprehensive income — detail
	0.7	0.4	−0.3	—	—
	1.0	0.6	−0.4	0.2	−0.3
	0.3	0.1	−0.1	—	—
	—	—	—	0.1	0.0
Per share — as-filed variants
	₹16.69	₹13.15	₹11.40	₹11.26	₹24.76
	₹16.65	₹13.13	₹11.37	₹11.19	₹24.59
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	824	718	681	650	626
	41.7%	40.9%	38.6%	39.1%	36.1%
Adjusted (ex-exceptional items) — derived
	217	164	125	123	134
	161	122	93.1	91.6	100
	₹16.69	₹13.15	₹11.40	₹11.26	₹24.76

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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

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

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Revenue from Operations	1,735.0	1,661.4	1,764.4	1,754.4	1,974.5
Other Income	38.8	29.8	29.1	42.3	48.2
Total Income	1,773.7	1,691.2	1,793.5	1,796.8	2,022.7
Expenses
+ Cost of Materials Consumed	1,146.5	1,030.6	1,093.7	974.4	1,096.9
+ Purchases of Stock-in-Trade	0.0	1.4	0.0	0.0	0.0
+ Changes in Inventories	-37.3	-20.4	-10.8	61.7	53.8
+ Employee Benefit Expense	89.9	96.2	103.4	114.3	130.3
+ Finance Costs	17.7	18.4	18.6	11.9	13.4
+ Depreciation & Amortisation	28.1	31.0	33.5	32.9	35.0
+ Other Expenses	394.6	411.1	430.0	437.6	476.6
Total Expenses	1,639.4	1,568.3	1,668.5	1,632.7	1,806.0
EBITDA	141.3	142.4	148.0	166.5	216.9
EBIT	113.2	111.5	114.6	133.6	182.0
Profit
PBT before Exceptional Items	134.3	122.9	125.1	164.0	216.7
Pretax Income	134.3	122.9	125.1	164.0	216.7
+ Current Tax	34.6	31.5	33.3	37.9	49.2
+ Deferred Tax	-0.8	-0.3	-1.4	4.1	6.3
Tax Expense	33.9	31.2	32.0	42.0	55.5
Net Income	100.4	91.6	93.1	122.0	161.2
+ Net Income — Continuing Ops	100.4	91.6	93.1	122.0	161.2
+ Other Comprehensive Income	-0.3	0.2	-0.3	0.4	0.7
Total Comprehensive Income	100.2	91.8	92.8	122.5	162.0
Per Share
Basic EPS	24.76	11.26	11.40	13.15	16.69
Diluted EPS	24.59	11.19	11.37	13.13	16.65
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	-0.3	0.4	0.7
+ Items NOT to be Reclassified to P&L	-0.3	0.2	-0.4	0.6	1.0
+ Tax on Items NOT to be Reclassified	—	—	-0.1	0.1	0.3
+ Tax on Items NOT to be Reclassified — alt tag	0.0	0.1	—	—	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	24.76	11.26	11.40	13.15	16.69
Diluted EPS — Continuing Operations	24.59	11.19	11.37	13.13	16.65
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	625.8	649.7	681.5	718.4	823.8
Gross Margin %	36.07	39.11	38.62	40.95	41.72
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	134.3	122.9	125.1	164.0	216.7
Net Income Adj (tax-effected)	100.4	91.6	93.1	122.0	161.2
EPS Adj	24.76	11.26	11.40	13.15	16.69
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	40.6	81.5	81.7	96.7	96.7

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. 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%.