Vardhman Special Steels Limited

BSE: 534392 NSE: VSSL
Vardhman Special Steels Limited - metals and minerals in Ludhiana, Punjab, India. FY 2026 financials and compliance.
CIN L27100PB2010PLC033930 Incorporated 14 May 2010 ROC Chandigarh HQ Ludhiana, Punjab, India
Active Listed - NSE: VSSL · BSE: 534392 Public Limited Company metals and minerals
Data last updated
Revenue · FY 2026
₹1,754.43 Cr
▼ 0.57% YoY
Computed EBITDA · FY 2026
₹208.82 Cr
▲ 17.87% YoY
Net profit · FY 2026
₹122.02 Cr
▲ 31.08% YoY
Authorised capital
₹100 Cr
Registered with MCA
Paid-up capital
₹96.69 Cr
Issued & subscribed
Open charges
₹500 Cr
Satisfied ₹443.75 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
1,517
Latest available

About Vardhman Special Steels Limited

Data last updated: 02 February 2026

Vardhman Special Steels Limited is a public limited company based in Ludhiana, Punjab, India. It specialises in steel manufacturing and processing, a part of the broader metals and mining sector. Incorporated on 14 May 2010, the company has been in operation for over 16 years.

Registered with ROC Chandigarh under CIN U27100PB2010PLC033930. Listed on BSE: 534392 and NSE: VSSL.

Capital: an authorised share capital of ₹100 Cr and a paid-up capital of ₹96.69 Cr. It is led by directors including Rakesh Naginchand Jain and Vidya Shah.

Last AGM: 24 September 2025. Financial statements filed for year ended 31 March 2025. Office: Vardhman Premises Chandigarh Road, Ludhiana, Punjab, India – 141010.

As per NSE-filed standalone financials for FY 2026, the company reported a revenue of ₹1,754.43 Cr, a decline of 0.57% compared to the previous year. The net worth stands at ₹1,277.32 Cr (up 60.08% YoY). Total assets are valued at ₹1,633.12 Cr (up 43.77% YoY).

The company has a workforce of approximately 1,517 employees as per the latest available data.

The company is associated with 1 brand - Vardhman Steel. As per MCA filings, the company has open charges of ₹500 Cr and satisfied charges of ₹443.75 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vardhmansteel.com.

Company Details of Vardhman Special Steels Limited
CIN L27100PB2010PLC033930
Registration Number 033930
Incorporation Date 14 May 2010
ROC Chandigarh
Listing Status Listed (BSE: 534392, NSE: VSSL)
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Sachit Jain Managing Director Rajendar Kumar Rewari Whole-Time Director Soumya Jain Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
  • Registered Address
    Vardhman Premises Chandigarh Road, Ludhiana, Punjab, India – 141010
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing
Company report
Vardhman Special Steels Limited - full intelligence report
  • Historical Financials and ratios
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Financials, compliance, directors, charges, ownership and filings for Vardhman Special Steels Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Vardhman Special Steels Limited

Vardhman Special Steels Limited has one previous CIN (Corporate Identification Number): U27100PB2010PLC033930. The current CIN is L27100PB2010PLC033930, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L27100PB2010PLC033930 Current
U27100PB2010PLC033930 Previous

Associated Brands with Vardhman Special Steels Limited

Vardhman Special Steels Limited operates one associated brand: Vardhman Steel. These brands represent Vardhman Special Steels Limited's diversified market presence and brand portfolio.

Brand Description Website
Vardhman Steel
Steel products are manufactured in Ludhiana, India. vardhmansteel.com

Business Activity of Vardhman Special Steels Limited

Vardhman Special Steels Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products Locked
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Business activity turnover details for Vardhman Special Steels Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Auditor Details of Vardhman Special Steels Limited

Vardhman Special Steels Limited is audited by BSR & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
BSR & Co. LLP (ICAI peer reviewed, certificate valid till 2028-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Vardhman Special Steels Limited

Vardhman Special Steels Limited is currently managed by 14 directors, with 15 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Rakesh Naginchand Jain
Also directs: Arjuna Advisory Services Llp, Chambal Fertilisers And Chemicals Limited
Director 27 Apr 2018 8 Years 2 Months Current
Vidya Shah
Also directs: Spire Investment Advisors Llp, Mabella Investment Adviser Llp, Oak Investment Adviser Llp and 5 more
Director 25 Jul 2022 3 Years 11 Months Current
Rajendar Kumar Rewari Whole-Time Director 25 Jul 2022 3 Years 11 Months Current
Suman Chatterjee Director 25 Jul 2022 3 Years 11 Months Current
Suchita Jain
Also directs: Vardhman Holdings Limited, Vardhman Textiles Limited, Vardhman Acrylics Limited and 5 more
Director 14 May 2010 16 Years 1 Months Current
Sachit Jain
Also directs: Adishwar Enterprises Llp, Vardhman Holdings Limited, Vardhman Textiles Limited and 5 more
Managing Director 14 May 2010 16 Years 1 Months Current
Showing 6 of 14 current directors. View all directors

Financials of Vardhman Special Steels Limited FY 2026 filings available

Vardhman Special Steels Limited reported revenue of ₹1,754.43 Cr (down 0.57% YoY) for FY 2026.

Revenue · FY 2026
₹1,754.43 Cr ▼ 0.57%
Profit · FY 2026
₹122.02 Cr ▲ 31.08%
Computed EBITDA · FY 2026
₹208.82 Cr ▲ 17.87%
Revenue₹ Cr · Standalone01,0002,000FY 2020: ₹846 Cr846FY 2020FY 2021: ₹937 Cr · +10.7% YoY937+10.7%FY 2021FY 2022: ₹1,368 Cr · +46% YoY1,368+46%FY 2022FY 2023: ₹1,735 Cr · +26.8% YoY1,735+26.8%FY 2023FY 2024: ₹1,661 Cr · -4.2% YoY1,661-4.2%FY 2024FY 2025: ₹1,764 Cr · +6.2% YoY1,764+6.2%FY 2025FY 2026: ₹1,754 Cr · -0.6% YoY1,754-0.6%FY 2026
Net Profit₹ Cr · Standalone050100150FY 2020: ₹3 Cr3.3FY 2020FY 2021: ₹44 Cr · +1223.2% YoY44.2+1223.2%FY 2021FY 2022: ₹101 Cr · +128% YoY101+128%FY 2022FY 2023: ₹100 Cr · -0.3% YoY100-0.3%FY 2023FY 2024: ₹92 Cr · -8.8% YoY91.6-8.8%FY 2024FY 2025: ₹93 Cr · +1.6% YoY93.1+1.6%FY 2025FY 2026: ₹122 Cr · +31.1% YoY122+31.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0200400600Q1'25: ₹415 Cr · +1.3% YoY415+1.3%Q1'25Q2'25: ₹495 Cr · +19.2% YoY495+19.2%Q2'25Q3'25: ₹427 Cr · +7.4% YoY427+7.4%Q3'25Q4'25: ₹428 Cr · -2.6% YoY428-2.6%Q4'25Q1'26: ₹434 Cr · +4.6% YoY434+4.6%Q1'26Q2'26: ₹432 Cr · -12.6% YoY432-12.6%Q2'26Q3'26: ₹431 Cr · +0.9% YoY431+0.9%Q3'26Q4'26: ₹458 Cr · +7% YoY458+7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹1,754.43 Cr ₹1,764.41 Cr ₹1,661.36 Cr ₹1,734.99 Cr ₹1,368.46 Cr ₹937.08 Cr ₹846.2 Cr
Other Income ₹42.35 Cr ₹29.11 Cr ₹29.82 Cr ₹38.75 Cr ₹28.89 Cr ₹12.96 Cr ₹9.4 Cr
Total Income ₹1,796.78 Cr ₹1,793.52 Cr ₹1,691.18 Cr ₹1,773.75 Cr ₹1,397.35 Cr ₹950.04 Cr ₹855.6 Cr
Cost of Materials Consumed ₹974.39 Cr ₹1,093.68 Cr ₹1,030.62 Cr ₹1,146.47 Cr ₹896.53 Cr ₹537.41 Cr ₹389.29 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹1.41 Cr ₹0 ₹61.54 Lakh ₹0 ₹4.32 Cr
Changes in Inventories ₹61.66 Cr -₹10.75 Cr -₹20.41 Cr -₹37.33 Cr -₹100.32 Cr -₹12.25 Cr ₹144.39 Cr
Employee Benefit Expense ₹114.28 Cr ₹103.39 Cr ₹96.21 Cr ₹89.95 Cr ₹80.99 Cr ₹59.61 Cr ₹48.13 Cr
Finance Costs ₹11.91 Cr ₹18.63 Cr ₹18.42 Cr ₹17.65 Cr ₹17.28 Cr ₹19.71 Cr ₹25.72 Cr
Depreciation & Amortisation ₹32.87 Cr ₹33.47 Cr ₹30.98 Cr ₹28.12 Cr ₹26.96 Cr ₹30.23 Cr ₹25.72 Cr
Other Expenses ₹437.62 Cr ₹430.04 Cr ₹411.09 Cr ₹394.57 Cr ₹316.96 Cr ₹248.95 Cr ₹220.35 Cr
Total Expenses ₹1,632.73 Cr ₹1,668.46 Cr ₹1,568.33 Cr ₹1,639.44 Cr ₹1,239.02 Cr ₹883.66 Cr ₹857.91 Cr
Profit Before Exceptional Items & Tax ₹164.05 Cr ₹125.06 Cr ₹122.86 Cr ₹134.31 Cr ₹158.34 Cr ₹66.38 Cr -₹2.32 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹164.05 Cr ₹125.06 Cr ₹122.86 Cr ₹134.31 Cr ₹158.34 Cr ₹66.38 Cr -₹2.32 Cr
Total Tax Expense ₹42.03 Cr ₹31.97 Cr ₹31.23 Cr ₹33.86 Cr ₹57.59 Cr ₹22.18 Cr -₹5.66 Cr
Net Profit ₹122.02 Cr ₹93.09 Cr ₹91.63 Cr ₹100.45 Cr ₹100.75 Cr ₹44.19 Cr ₹3.34 Cr
Other Comprehensive Income ₹44.34 Lakh -₹27.79 Lakh ₹17.62 Lakh -₹27.91 Lakh ₹18.75 Lakh ₹62.7 Lakh -₹84.12 Lakh
Total Comprehensive Income ₹122.47 Cr ₹92.81 Cr ₹91.8 Cr ₹100.17 Cr ₹100.94 Cr ₹44.82 Cr ₹2.5 Cr
EBITDA (computed) ₹208.82 Cr ₹177.16 Cr ₹172.26 Cr ₹180.08 Cr ₹202.58 Cr ₹116.31 Cr ₹49.12 Cr
Basic EPS ₹13.15 ₹11.40 ₹11.26 ₹24.76 ₹24.87 ₹10.94 ₹0.89
Diluted EPS ₹13.13 ₹11.37 ₹11.19 ₹24.59 ₹24.71 ₹10.93 ₹0.89
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,633.12 Cr ₹1,135.92 Cr ₹1,039.67 Cr ₹1,030.52 Cr
Non-current Assets ₹677.73 Cr ₹474.76 Cr ₹365.39 Cr ₹331.89 Cr
Current Assets ₹955.38 Cr ₹661.15 Cr ₹674.28 Cr ₹698.63 Cr
Property, Plant & Equipment ₹585 Cr ₹308.69 Cr ₹324.66 Cr ₹293.68 Cr
Inventories ₹350.24 Cr ₹334.97 Cr ₹356.17 Cr ₹362.68 Cr
Trade Receivables ₹277.84 Cr ₹261.3 Cr ₹262.17 Cr ₹261.55 Cr
Cash & Equivalents ₹6.27 Cr ₹10.76 Cr ₹7.64 Cr ₹9.54 Cr
Equity (Net Worth) ₹1,277.32 Cr ₹797.92 Cr ₹719.35 Cr ₹642.21 Cr
Equity Share Capital ₹96.69 Cr ₹81.73 Cr ₹81.46 Cr ₹40.63 Cr
Borrowings (Non-current) ₹0 ₹3.3 Cr ₹14.1 Cr ₹44.03 Cr
Borrowings (Current) ₹92.65 Cr ₹116.43 Cr ₹68.84 Cr ₹98.9 Cr
Total Debt (computed) ₹92.65 Cr ₹119.73 Cr ₹82.94 Cr ₹142.92 Cr
Current Liabilities ₹329.93 Cr ₹313.22 Cr ₹283.22 Cr ₹320.85 Cr
Total Liabilities ₹355.8 Cr ₹338 Cr ₹320.31 Cr ₹388.3 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹105.88 Cr ₹126.91 Cr ₹142.41 Cr ₹73.58 Cr ₹58.88 Cr
Investing Cash Flow -₹427.23 Cr -₹126.83 Cr -₹50.14 Cr -₹14.83 Cr -₹9.11 Cr
Financing Cash Flow ₹316.87 Cr ₹3.03 Cr -₹94.16 Cr -₹49.48 Cr -₹51.84 Cr
Capital Expenditure ₹242.62 Cr ₹118.83 Cr ₹67.96 Cr ₹28.79 Cr ₹35.3 Cr
Free Cash Flow (computed) -₹136.74 Cr ₹8.08 Cr ₹74.44 Cr ₹44.79 Cr ₹23.58 Cr
Dividends Paid ₹28.88 Cr ₹16.24 Cr ₹16.21 Cr ₹14.15 Cr ₹6.05 Cr
Net Change in Cash -₹4.49 Cr ₹3.12 Cr -₹1.89 Cr ₹9.26 Cr -₹2.07 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹457.92 Cr ₹430.54 Cr ₹432.27 Cr ₹433.7 Cr ₹428.04 Cr ₹426.77 Cr ₹494.82 Cr ₹414.78 Cr ₹439.41 Cr ₹397.4 Cr ₹415.19 Cr ₹409.36 Cr
Other Income ₹10.46 Cr ₹13.17 Cr ₹11.22 Cr ₹7.5 Cr ₹7.18 Cr ₹6.97 Cr ₹9.29 Cr ₹5.67 Cr ₹8.71 Cr ₹8.25 Cr ₹5.62 Cr ₹7.24 Cr
Total Income ₹468.37 Cr ₹443.72 Cr ₹443.49 Cr ₹441.2 Cr ₹435.22 Cr ₹433.74 Cr ₹504.11 Cr ₹420.45 Cr ₹448.12 Cr ₹405.65 Cr ₹420.81 Cr ₹416.6 Cr
Cost of Materials Consumed ₹241.37 Cr ₹243.41 Cr ₹260.73 Cr ₹228.88 Cr ₹220.4 Cr ₹305.26 Cr ₹265.62 Cr ₹302.4 Cr ₹277.29 Cr ₹234.36 Cr ₹247.53 Cr ₹271.45 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹23,000 -₹1.15 Cr ₹2.56 Cr ₹0
Changes in Inventories ₹28.46 Cr ₹3.83 Cr -₹11.9 Cr ₹41.27 Cr ₹49.43 Cr -₹53.87 Cr ₹56.43 Cr -₹62.74 Cr -₹22.59 Cr ₹8.92 Cr ₹11.61 Cr -₹18.35 Cr
Employee Benefit Expense ₹29.74 Cr ₹29.19 Cr ₹29.15 Cr ₹26.2 Cr ₹26.47 Cr ₹25.21 Cr ₹26.5 Cr ₹25.21 Cr ₹27.72 Cr ₹24.11 Cr ₹22.28 Cr ₹22.1 Cr
Finance Costs ₹2.76 Cr ₹3.69 Cr ₹1.9 Cr ₹3.56 Cr ₹3.47 Cr ₹5.09 Cr ₹5.37 Cr ₹4.7 Cr ₹4.66 Cr ₹4.91 Cr ₹4.64 Cr ₹4.21 Cr
Depreciation & Amortisation ₹7.8 Cr ₹7.99 Cr ₹8.08 Cr ₹9 Cr ₹8.29 Cr ₹8.49 Cr ₹8.4 Cr ₹8.29 Cr ₹8.99 Cr ₹7.43 Cr ₹7.31 Cr ₹7.25 Cr
Other Expenses ₹112.26 Cr ₹110.81 Cr ₹109.03 Cr ₹105.52 Cr ₹100.3 Cr ₹115.08 Cr ₹107.11 Cr ₹107.55 Cr ₹108.16 Cr ₹97.91 Cr ₹100.09 Cr ₹104.93 Cr
Total Expenses ₹422.38 Cr ₹398.93 Cr ₹396.99 Cr ₹414.43 Cr ₹408.37 Cr ₹405.27 Cr ₹469.42 Cr ₹385.4 Cr ₹404.23 Cr ₹376.49 Cr ₹396.02 Cr ₹391.59 Cr
Profit Before Exceptional Items & Tax ₹45.99 Cr ₹44.79 Cr ₹46.5 Cr ₹26.77 Cr ₹26.85 Cr ₹28.47 Cr ₹34.68 Cr ₹35.05 Cr ₹43.89 Cr ₹29.16 Cr ₹24.79 Cr ₹25.01 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹45.99 Cr ₹44.79 Cr ₹46.5 Cr ₹26.77 Cr ₹26.85 Cr ₹28.47 Cr ₹34.68 Cr ₹35.05 Cr ₹43.89 Cr ₹29.16 Cr ₹24.79 Cr ₹25.01 Cr
Total Tax Expense ₹12.01 Cr ₹11.21 Cr ₹11.94 Cr ₹6.87 Cr ₹7.12 Cr ₹7.01 Cr ₹8.86 Cr ₹8.97 Cr ₹11.1 Cr ₹7.36 Cr ₹6.34 Cr ₹6.44 Cr
Net Profit ₹33.98 Cr ₹33.59 Cr ₹34.56 Cr ₹19.9 Cr ₹19.73 Cr ₹21.46 Cr ₹25.82 Cr ₹26.08 Cr ₹32.79 Cr ₹21.81 Cr ₹18.46 Cr ₹18.57 Cr
Other Comprehensive Income ₹13.77 Lakh ₹46.23 Lakh -₹7.83 Lakh -₹7.83 Lakh -₹42.19 Lakh ₹5.01 Lakh ₹4.59 Lakh ₹4.8 Lakh ₹42.08 Lakh -₹8.15 Lakh -₹8.16 Lakh -₹8.15 Lakh
Total Comprehensive Income ₹34.12 Cr ₹34.05 Cr ₹34.49 Cr ₹19.82 Cr ₹19.31 Cr ₹21.51 Cr ₹25.87 Cr ₹26.13 Cr ₹33.21 Cr ₹21.72 Cr ₹18.38 Cr ₹18.49 Cr
EBITDA (computed) ₹56.54 Cr ₹56.47 Cr ₹56.48 Cr ₹39.33 Cr ₹38.62 Cr ₹42.05 Cr ₹48.45 Cr ₹48.04 Cr ₹57.54 Cr ₹41.5 Cr ₹36.75 Cr ₹36.47 Cr
Basic EPS ₹3.52 ₹3.48 ₹3.61 ₹2.43 ₹2.42 ₹2.63 ₹3.17 ₹3.20 ₹4.02 ₹2.68 ₹2.27 ₹2.29
Diluted EPS ₹3.51 ₹3.47 ₹3.60 ₹2.43 ₹2.41 ₹2.62 ₹3.15 ₹3.18 ₹3.98 ₹2.66 ₹2.27 ₹2.28
Latest 12 quarters shown of 25 on record.
Metrics FY 2025
Revenue from Operations ₹1,764.41 Cr
Other Income ₹29.11 Cr
Total Income ₹1,793.52 Cr
Cost of Materials Consumed ₹1,093.68 Cr
Purchases of Stock-in-Trade ₹0
Changes in Inventories -₹10.75 Cr
Employee Benefit Expense ₹103.39 Cr
Finance Costs ₹18.63 Cr
Depreciation & Amortisation ₹33.47 Cr
Other Expenses ₹430.04 Cr
Total Expenses ₹1,668.46 Cr
Profit Before Exceptional Items & Tax ₹125.06 Cr
Exceptional Items ₹0
Profit Before Tax ₹125.06 Cr
Total Tax Expense ₹31.97 Cr
Net Profit ₹93.09 Cr
Other Comprehensive Income -₹27.79 Lakh
Total Comprehensive Income ₹92.81 Cr
EBITDA (computed) ₹177.16 Cr
Basic EPS ₹11.40
Diluted EPS ₹11.37
Metrics FY 2025
Total Assets ₹1,135.92 Cr
Non-current Assets ₹474.76 Cr
Current Assets ₹661.15 Cr
Property, Plant & Equipment ₹308.69 Cr
Inventories ₹334.97 Cr
Trade Receivables ₹261.3 Cr
Cash & Equivalents ₹10.76 Cr
Equity (Net Worth) ₹797.92 Cr
Equity Share Capital ₹81.73 Cr
Borrowings (Non-current) ₹3.3 Cr
Borrowings (Current) ₹116.43 Cr
Total Debt (computed) ₹119.73 Cr
Current Liabilities ₹313.22 Cr
Total Liabilities ₹338 Cr
Metrics FY 2025
Operating Cash Flow ₹126.91 Cr
Investing Cash Flow -₹126.83 Cr
Financing Cash Flow ₹3.03 Cr
Capital Expenditure ₹118.83 Cr
Free Cash Flow (computed) ₹8.08 Cr
Dividends Paid ₹16.24 Cr
Net Change in Cash ₹3.12 Cr
Metrics Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹428.04 Cr ₹426.77 Cr ₹494.82 Cr ₹414.78 Cr
Other Income ₹7.18 Cr ₹6.97 Cr ₹9.29 Cr ₹5.67 Cr
Total Income ₹435.22 Cr ₹433.74 Cr ₹504.11 Cr ₹420.45 Cr
Cost of Materials Consumed ₹220.4 Cr ₹305.26 Cr ₹265.62 Cr ₹302.4 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹49.43 Cr -₹53.87 Cr ₹56.43 Cr -₹62.74 Cr
Employee Benefit Expense ₹26.47 Cr ₹25.21 Cr ₹26.5 Cr ₹25.21 Cr
Finance Costs ₹3.47 Cr ₹5.09 Cr ₹5.37 Cr ₹4.7 Cr
Depreciation & Amortisation ₹8.29 Cr ₹8.49 Cr ₹8.4 Cr ₹8.29 Cr
Other Expenses ₹100.3 Cr ₹115.08 Cr ₹107.11 Cr ₹107.55 Cr
Total Expenses ₹408.37 Cr ₹405.27 Cr ₹469.42 Cr ₹385.4 Cr
Profit Before Exceptional Items & Tax ₹26.85 Cr ₹28.47 Cr ₹34.68 Cr ₹35.05 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹26.85 Cr ₹28.47 Cr ₹34.68 Cr ₹35.05 Cr
Total Tax Expense ₹7.12 Cr ₹7.01 Cr ₹8.86 Cr ₹8.97 Cr
Net Profit ₹19.73 Cr ₹21.46 Cr ₹25.82 Cr ₹26.08 Cr
Other Comprehensive Income -₹42.19 Lakh ₹5.01 Lakh ₹4.59 Lakh ₹4.8 Lakh
Total Comprehensive Income ₹19.31 Cr ₹21.51 Cr ₹25.87 Cr ₹26.13 Cr
EBITDA (computed) ₹38.62 Cr ₹42.05 Cr ₹48.45 Cr ₹48.04 Cr
Basic EPS ₹2.42 ₹2.63 ₹3.17 ₹3.20
Diluted EPS ₹2.41 ₹2.62 ₹3.15 ₹3.18
Latest 4 quarters shown.
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Board & Governance of Vardhman Special Steels Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Vardhman Special Steels Limited has 14 directors - 7 independent and 3 executive. The board is chaired by Sachit Jain.

DirectorPositionOn board sinceListed boards
Suchita Jain Non-Executive - Non Independent Director 2010-05-14 4
Rajinder Kumar Jain Non-Executive - Non Independent Director 2011-03-15 1
Soumya Jain Executive Director 2023-08-02 2
Sachit Jain Executive Director · MD · Chairperson 2010-05-14 4
Rakesh Jain Non-Executive - Independent Director 2018-04-27 2
Toshio Ito Non-Executive - Non Independent Director 2022-07-25 1
Rajendar Kumar Rewari Executive Director 2022-07-25 1
Suman Chatterjee Non-Executive - Independent Director 2022-07-25 1
Vidya Rashesh Shah Non-Executive - Independent Director 2022-07-25 3
Hemant Bharat Ram Non-Executive - Independent Director 2024-07-25 2
Randhir Singh Kalsi Non-Executive - Independent Director 2024-11-07 2
Dinkar Gupta Non-Executive - Independent Director 2025-09-25 2
Nishant Arya Non-Executive - Independent Director 2025-09-25 3
Koichiro Hayashida Non-Executive - Non Independent Director 2025-07-04 1
Board Committees
CommitteeMembers
Audit Committee Rakesh Jain (Chairperson), Vidya Rashesh Shah, Suman Chatterjee, Hemant Bharat Ram
Nomination and remuneration committee Rakesh Jain (Chairperson), Suman Chatterjee, Randhir Singh Kalsi
Stakeholders Relationship Committee Suman Chatterjee (Chairperson), Rajendar Kumar Rewari, Soumya Jain
Risk Management Committee Suman Chatterjee (Chairperson), Rajendar Kumar Rewari, Sanjeev Singla, Hemant Bharat Ram, Davinder Singh

Charges & Borrowings of Vardhman Special Steels Limited

Open charges
₹500 Cr
Satisfied charges
₹443.75 Cr
Breakdown by lending institutions
Others₹500.00 Cr
Latest charge details
DateLenderAmountStatus
25 May 2011 Others ₹500 Cr Open
28 Jun 2019 Hdfc Bank Limited ₹40 Cr Satisfied
23 Jan 2019 Others ₹75 Cr Satisfied
29 Oct 2015 State Bank of India ₹65 Cr Satisfied
29 Oct 2015 State Bank of India ₹28 Cr Satisfied

Total charge records: 9 View all charges

Employees and EPFO Compliance at Vardhman Special Steels Limited

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Employee and EPFO history for Vardhman Special Steels Limited

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GST Compliance of Vardhman Special Steels Limited

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Credit Ratings, Litigation & Regulatory Alerts for Vardhman Special Steels Limited

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Credit ratings, litigation, and regulatory alerts for Vardhman Special Steels Limited

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MSME Payment Delays by Vardhman Special Steels Limited

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MSME payment history for Vardhman Special Steels Limited

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Subsidiaries & Group Companies of Vardhman Special Steels Limited

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Corporate group structure for Vardhman Special Steels Limited

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MCA Filings & Documents of Vardhman Special Steels Limited

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MCA filings and documents for Vardhman Special Steels Limited

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Recent Activity on Vardhman Special Steels Limited

Directors
25 Sep 2025
Dinkar Gupta was appointed as a Director on 25 Sep 2025 & has been associated with this company since 9 months 18 days.
Directors
25 Sep 2025
Nishant Arya was appointed as a Director on 25 Sep 2025 & has been associated with this company since 9 months 18 days.
Activity
24 Sep 2025
Vardhman Special Steels Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Charges
30 Jul 2025
A charge registered on 28 Jun 2019 via Charge ID 100274300 with Hdfc Bank Limited was fully satisfied on 30 Jul 2025.
Directors
04 Jul 2025
Koichiro Hayashida was appointed as a Director on 04 Jul 2025 & has been associated with this company since 1 year 9 days.
Charges
01 Jul 2025
A charge registered on 23 Jan 2019 via Charge ID 100237015 with Others was fully satisfied on 01 Jul 2025.

Recent News on Vardhman Special Steels Limited

Savio meets Vardhman demand for quality Lycra yarn
26 Feb 2019 · Textile Magazine

Frequently Asked Questions about Vardhman Special Steels Limited

Vardhman Special Steels Limited is an active public limited company in the metals and minerals sector based in Ludhiana, Punjab, India. It was incorporated on 14 May 2010 (16+ years old) and is registered under CIN L27100PB2010PLC033930. Listed on BSE: 534392 and NSE: VSSL. The company has 1,517 employees.

Vardhman Special Steels Limited reported revenue of ₹1,754.43 Cr for FY 2026 (down 0.57% YoY) based on standalone NSE filings.

The current directors of Vardhman Special Steels Limited are:

The primary industry of Vardhman Special Steels Limited is metals and minerals. The company specifically operates in steel manufacturing and processing. The company is currently active in this sector.

Yes. Vardhman Special Steels Limited is listed on both BSE (code: 534392) and NSE (symbol: VSSL).

Vardhman Special Steels Limited can be reached at the registered office: Vardhman Premises Chandigarh Road, Ludhiana, Punjab, India – 141010, or through the website vardhmansteel.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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