Financials Vardhman Special Steels Limited Bombay S.E.

Equities

VSSL

INE050M01012

Iron & Steel

Delayed Bombay S.E. 01:53:23 2024-04-30 am EDT 5-day change 1st Jan Change
296 INR +1.46% Intraday chart for Vardhman Special Steels Limited +13.81% +35.20%

Valuation

Fiscal Period: March 2019 2021 2022 2023 2024 2025 2026
Capitalization 1 3,472 5,600 9,252 16,137 23,786 - -
Enterprise Value (EV) 1 3,472 5,600 9,252 16,137 23,786 23,786 23,786
P/E ratio 15.7 x - 9.23 x 16.2 x 26.1 x 22.8 x 18.5 x
Yield - - 1.53% 0.5% 0.34% 0.34% 0.51%
Capitalization / Revenue 0.31 x 0.6 x 0.68 x 0.93 x 1.32 x 1.24 x 1.14 x
EV / Revenue 0.31 x 0.6 x 0.68 x 0.93 x 1.32 x 1.24 x 1.14 x
EV / EBITDA 5.12 x - 5.33 x 11.4 x 17.1 x 14.2 x 12.3 x
EV / FCF -3,524,870 x - - - - - -
FCF Yield -0% - - - - - -
Price to Book 0.96 x - 1.67 x 2.51 x 3.27 x 2.89 x 2.53 x
Nbr of stocks (in thousands) 71,517 81,014 81,122 81,255 81,460 - -
Reference price 2 48.55 69.12 114.0 198.6 292.0 292.0 292.0
Announcement Date 5/4/19 5/13/21 4/29/22 4/27/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2021 2022 2023 2024 2025 2026
Net sales 1 11,226 9,371 13,685 17,350 17,961 19,142 20,790
EBITDA 1 678.4 - 1,737 1,413 1,392 1,675 1,933
EBIT 439.2 - - - - - -
Operating Margin 3.91% - - - - - -
Earnings before Tax (EBT) 1 221.4 - 1,583 1,343 1,221 1,387 1,718
Net income 1 222.1 441.9 1,008 1,004 913 1,038 1,285
Net margin 1.98% 4.72% 7.36% 5.79% 5.08% 5.42% 6.18%
EPS 2 3.095 - 12.36 12.30 11.20 12.80 15.80
Free Cash Flow -985 - - - - - -
FCF margin -8.77% - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - - 1.750 1.000 1.000 1.000 1.500
Announcement Date 5/4/19 5/13/21 4/29/22 4/27/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow -985 - - - - - -
ROE (net income / shareholders' equity) 6.33% - 19.9% 15.6% 12.6% 12.6% 13.7%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 50.60 - 68.40 79.00 89.30 101.0 115.0
Cash Flow per Share - - - - - - -
Capex 1 797 - 353 288 700 2,000 500
Capex / Sales 7.1% - 2.58% 1.66% 3.9% 10.45% 2.41%
Announcement Date 5/4/19 5/13/21 4/29/22 4/27/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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Investor Rating
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Annual profits - Rate of surprise

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