| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 194 | 138 | +40.1% |
| EBITDA | 19.9 | 13.2 | +50.3% |
| EBITDA margin | 10.3% | 9.6% | +0.7 pts |
| Profit before tax | 13.0 | 9.8 | +32.9% |
| Net profit | 11.5 | 7.6 | +51.7% |
| EPS | ₹3.49 | ₹2.30 | +51.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 |
|---|
| 396 | — | — | — | |
| 0.4 | 0.4 | 1.1 | 0.3 | |
| 41.1 | 41.1 | 0.9 | 61.7 | |
| 437 | — | — | — | |
| 643 | 588 | 475 | 420 | |
| — | +23.8% | +13.1% | — | |
| 63.4 | 56.7 | 62.2 | 76.5 | |
| 9.8% | 9.7% | 13.1% | 18.2% | |
| 38.3 | 33.9 | 54.3 | 70.6 | |
| 35.9 | 32.0 | 44.1 | 57.4 | |
| 5.6% | 5.4% | 9.3% | 13.7% | |
| ₹10.89 | ₹9.70 | ₹13.37 | ₹17.41 | |
| — | −27.4% | −23.2% | — | |
| — | 31.1 | 13.6 | 19.2 | |
| — | −8.2 | −4.5 | −0.7 | |
| 22.9 | 22.9 | 9.1 | 18.5 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|
| Market Capitalization | — | — | — | 395.8 | |
| - Cash, Equiv & ST Investments | 0.3 | 1.1 | 0.4 | 0.4 | |
| + Total Debt | 61.7 | 0.9 | 41.1 | 41.1 | |
| Enterprise Value | — | — | — | 436.5 | |
| Revenue | 419.9 | 475.0 | 587.9 | 643.4 | |
| Growth %, YoY | — | +13.1 | +23.8 | — | |
| EBITDA | 76.5 | 62.2 | 56.7 | 63.4 | |
| Margin % | 18.22 | 13.10 | 9.65 | 9.85 | |
| EBIT | 70.6 | 54.3 | 33.9 | 38.3 | |
| Net Income | 57.4 | 44.1 | 32.0 | 35.9 | |
| Margin % | 13.68 | 9.28 | 5.44 | 5.58 | |
| EPS, Adj (current shares) | 17.41 | 13.37 | 9.70 | 10.89 | |
| Growth %, YoY | — | -23.2 | -27.4 | — | |
| Cash from Operations | 19.2 | 13.6 | 31.1 | — | |
| Capital Expenditures | -0.7 | -4.5 | -8.2 | — | |
| Free Cash Flow | 18.5 | 9.1 | 22.9 | 22.9 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Vraj Iron and Steel (NSE: VRAJ) had a market capitalisation of ₹400 crore at the 30 October 2026 close (₹121.40 a share), a PE ratio of 11.1 on the last four quarters' profit and a price-to-book ratio of 0.93. In FY26 its consolidated net profit was ₹32 crore on revenue of ₹588 crore; in Q1 FY27 (April–June 2026) it was ₹11.5 crore, up 51.7% year on year. Its debt-to-equity ratio was 0.10 on 31 March 2026. Promoters held 74.95% of the shares on 30 September 2026.
Vraj Iron and Steel's PE ratio is 11.1 at the 30 October 2026 close (₹121.40 a share): a market capitalisation of ₹400 crore divided by consolidated net profit of ₹35.9 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹32 crore) it is 12.5.
Vraj Iron and Steel's price-to-book (PB) ratio is 0.93 at the 30 October 2026 close: a market capitalisation of ₹400 crore divided by shareholders' equity (book value) of ₹430 crore on 31 March 2026. That is a book value of ₹130.31 per share against a share price of ₹121.40.
Vraj Iron and Steel's book value per share was ₹130.31 on 31 March 2026: shareholders' equity of ₹430 crore divided by the 3.3 crore shares in issue, up 8.3% from ₹120.34 a year earlier. The share price at the 30 October 2026 close was ₹121.40.
Vraj Iron and Steel's market capitalisation was ₹400 crore at the 30 October 2026 close: 3.3 crore shares at ₹121.40 each.
No. Vraj Iron and Steel had borrowings of ₹41.1 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.10. Its cash and current investments were ₹5.7 crore, so its net debt was ₹35.4 crore.
Vraj Iron and Steel's basic earnings per share (EPS) were ₹9.70 in FY26, against ₹14.28 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹10.89.
Vraj Iron and Steel's debt-to-equity ratio was 0.10 on 31 March 2026: borrowings of ₹41.1 crore against total equity of ₹430 crore. A year earlier, on 31 March 2025, it was 0.00.
Vraj Iron and Steel's net worth — shareholders' equity in its consolidated balance sheet — was ₹430 crore on 31 March 2026, up 8.3% from ₹397 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹400 crore at the 30 October 2026 close.
Promoters held 74.95% of Vraj Iron and Steel on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Vraj Iron and Steel's return on equity (ROE) was 7.7% and its return on capital employed (ROCE) was 7.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 14.8% and ROCE 16.4%.
On 30 September 2026, Vraj Iron and Steel's shares were held by promoters 74.95%, foreign portfolio investors (FII/FPI) 0.20%, domestic institutions (DII) 3.69% (including mutual funds at 0.00%) and retail and other non-institutional investors 21.16%. Over the year, FII holding was down 0.03 percentage points from 0.23% and DII holding was up 0.03 percentage points from 3.66%.
In FY26, Vraj Iron and Steel generated ₹31.1 crore of cash from operations and spent ₹8.2 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹22.9 crore. In FY25 it was ₹9.1 crore.
Vraj Iron and Steel's latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net profit ₹11.5 crore, up 51.7% from ₹7.6 crore in Q1 FY26; revenue from operations ₹194 crore, up 40.1% year on year.
In FY26 (April 2025–March 2026), Vraj Iron and Steel's consolidated net profit was ₹32 crore, down 27.4% from ₹44.1 crore in FY25, on revenue from operations of ₹588 crore (up 23.8%).
Vraj Iron and Steel has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On FY26 consolidated figures, against Vaswani Industries, S.A.L. Steel and KIOCL: Vraj Iron and Steel's operating margin of 5.8% is the second highest of the four (Vaswani Industries 6.6%, S.A.L. Steel 1.8%, KIOCL −11.1%; peer average −0.9%); its return on equity of 7.7% is the highest of the four (Vaswani Industries 3.0%, S.A.L. Steel −0.4%, KIOCL 1.0%; peer average 1.2%).
In FY26, Vraj Iron and Steel earned net profit of ₹32 crore on revenue of ₹588 crore, against ₹4.2 crore on ₹467 crore for Vaswani Industries. Vraj Iron and Steel's operating margin was 5.8% (Vaswani Industries 6.6%) and its return on equity 7.7% (Vaswani Industries 3.0%). At the 30 October 2026 close, Vraj Iron and Steel's market capitalisation was ₹400 crore against ₹129 crore for Vaswani Industries, and its PE ratio on FY26 profit 12.5 against 30.4.
From Vraj Iron and Steel's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.