Visa Steel Limited

BSE: 532721 NSE: VISASTEEL
Visa Steel Limited - metals and minerals in Khorda, Odisha, India. FY 2026 financials and compliance.
CIN L51109OR1996PLC004601 Incorporated 10 September 1996 ROC Cuttack HQ Khorda, Odisha, India
Under Insolvency Listed - NSE: VISASTEEL · BSE: 532721 Public Limited Company metals and minerals
Data last updated
Revenue · FY 2026
₹561.62 Cr
▼ 0.86% YoY
Computed EBITDA · FY 2026
₹20.06 Cr
▼ 37.74% YoY
Net profit · FY 2026
₹1,050.15 Cr
▲ 303.3% YoY
Authorised capital
₹252 Cr
Registered with MCA
Paid-up capital
₹115.79 Cr
Issued & subscribed
Open charges
₹16,192 Cr
Satisfied ₹2,349.23 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
335
Latest available

About Visa Steel Limited

Data last updated: 30 July 2025

Visa Steel Limited is a public limited company based in Khorda, Odisha, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in steel manufacturing and processing, a part of the broader metals and mining sector. Incorporated on 10 September 1996, the company has been in operation for over 30 years.

Registered with ROC Cuttack under CIN L51109OR1996PLC004601. Listed on BSE: 532721 and NSE: VISASTEEL.

Capital: an authorised share capital of ₹252 Cr and a paid-up capital of ₹115.79 Cr. Formerly known as Visa Industries Limited. It is led by directors including Dhanesh Ranjan and Vishambhar Saran.

Last AGM: 27 September 2024. Financial statements filed for year ended 31 March 2024. Office: 11 Ekamra Kanan, Nayapalli India, Bhubaneswar, Orissa, India – 751015.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹561.62 Cr, a decline of 0.86% compared to the previous year. Total assets are valued at ₹535.18 Cr (up 0.33% YoY).

The company has a workforce of approximately 335 employees as per the latest available data. Its group structure includes 1 subsidiary and 1 joint venture.

The company is associated with 1 brand - Visa Steel. As per MCA filings, the company has open charges of ₹16,192 Cr and satisfied charges of ₹2,349.23 Cr on record.

The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is visasteel.com.

Company Details of Visa Steel Limited
CIN L51109OR1996PLC004601
Registration Number 004601
Incorporation Date 10 September 1996
ROC Cuttack
Listing Status Listed (BSE: 532721, NSE: VISASTEEL)
Company Status Under CIRP
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Vishal Agarwal Managing Director Vishambhar Saran Whole-Time Director Manoj Kumar Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    visasteel.com
  • Social Media
  • Registered Address
    11 Ekamra Kanan, Nayapalli India, Bhubaneswar, Orissa, India – 751015
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing
Company report
Visa Steel Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
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  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Visa Steel Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Visa Steel Limited

Visa Steel Limited has one previous CIN (Corporate Identification Number): U51109OR1996PLC004601. The current CIN is L51109OR1996PLC004601, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L51109OR1996PLC004601 Current
U51109OR1996PLC004601 Previous

Associated Brands with Visa Steel Limited

Visa Steel Limited operates one associated brand: VISA Steel. These brands represent Visa Steel Limited's diversified market presence and brand portfolio.

Brand Description Website
VISA Steel
Steel products are manufactured and supplied globally by VISA Steel. visasteel.com

Business Activity of Visa Steel Limited

Visa Steel 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 Visa Steel Limited

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

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

Verified entity values are shown only after access is granted.

Auditor Details of Visa Steel Limited

Visa Steel Limited is audited by Singhi & Co. (ICAI peer reviewed, certificate valid till 2028-08-31) 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
Singhi & Co. (ICAI peer reviewed, certificate valid till 2028-08-31) FY 2026 Declaration of unmodified opinion

Board of Directors and KMP of Visa Steel Limited

Visa Steel Limited currently reports 6 directors and 1 key managerial person. 28 former directors have served the organization.

Directors and KMP (as last reported)
Name Designation Appointment Date Tenure Status
Dhanesh Ranjan
Also directs: Grand Cargoglobe International Llp
Director 30 Sep 2018 7 Years 9 Months As last reported
Amisha Chaturvedi Khanna
Also directs: Purplfrog Apparels Private Limited, Underwonder Apparels Private Limited
Company Secretary 10 Feb 2021 5 Years 5 Months As last reported
Vishambhar Saran
Also directs: Visa Special Steel Limited, Visa Minmetal Limited, Visa Infrastructure Limited
Whole-Time Director 10 Sep 1996 29 Years 10 Months As last reported
Vishal Agarwal
Also directs: Visa Special Steel Limited, Visa Natural Resources Limited, Visa Coke Limited and 5 more
Managing Director 10 Sep 1996 29 Years 10 Months As last reported
Manoj Kumar
Also directs: Visa Special Steel Limited, Visa Ferrous Private Limited, Visa Steel Holdings Limited and 2 more
Whole-Time Director 15 Sep 2015 10 Years 10 Months As last reported
Biswajit Chongdar Director 07 Aug 2023 2 Years 11 Months As last reported
Showing 6 of 7 current directors and KMP. View all directors and KMP

Financials of Visa Steel Limited FY 2026 filings available

Visa Steel Limited reported revenue of ₹561.62 Cr (down 0.86% YoY) for FY 2026.

Revenue · FY 2026
₹561.62 Cr ▼ 0.86%
Profit · FY 2026
₹1,050.15 Cr ▲ 303.3%
Computed EBITDA · FY 2026
₹20.06 Cr ▼ 37.74%
Revenue₹ Cr · Consolidated05001,0001,500FY 2020: ₹683 Cr683FY 2020FY 2021: ₹976 Cr · +42.9% YoY976+42.9%FY 2021FY 2022: ₹1,118 Cr · +14.6% YoY1,118+14.6%FY 2022FY 2023: ₹657 Cr · -41.2% YoY657-41.2%FY 2023FY 2024: ₹670 Cr · +1.9% YoY670+1.9%FY 2024FY 2025: ₹566 Cr · -15.4% YoY566-15.4%FY 2025FY 2026: ₹562 Cr · -0.9% YoY562-0.9%FY 2026
Net Profit₹ Cr · Consolidated-2,000-1,00001,0002,000FY 2020: ₹192 Cr (loss)-192FY 2020FY 2021: ₹1,197 Cr (loss) · -523.9% YoY-1,197FY 2021FY 2022: ₹87 Cr (loss) · +92.7% YoY-87.2FY 2022FY 2023: ₹1,660 Cr · +2003.5% YoY1,660+2003.5%FY 2023FY 2024: ₹72 Cr (loss) · -104.3% YoY-71.9FY 2024FY 2025: ₹517 Cr (loss) · -618.5% YoY-517FY 2025FY 2026: ₹1,050 Cr · +303.3% YoY1,050+303.3%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0100200Q1'25: ₹135 Cr · -42.7% YoY135-42.7%Q1'25Q2'25: ₹151 Cr · -20.4% YoY151-20.4%Q2'25Q3'25: ₹119 Cr · +32.5% YoY119+32.5%Q3'25Q4'25: ₹162 Cr · +4.1% YoY162+4.1%Q4'25Q1'26: ₹171 Cr · +26.9% YoY171+26.9%Q1'26Q2'26: ₹76 Cr · -49.6% YoY75.9-49.6%Q2'26Q3'26: ₹145 Cr · +22.1% YoY145+22.1%Q3'26Q4'26: ₹171 Cr · +5.3% YoY171+5.3%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹561.62 Cr ₹566.49 Cr ₹669.9 Cr ₹657.48 Cr ₹1,118.46 Cr ₹976.36 Cr ₹683.34 Cr
Other Income ₹6.39 Cr ₹94.2 Lakh ₹1.5 Cr ₹1.72 Cr ₹1.25 Cr ₹11.45 Cr ₹11.61 Cr
Total Income ₹568.01 Cr ₹567.43 Cr ₹671.39 Cr ₹659.2 Cr ₹1,119.7 Cr ₹987.81 Cr ₹694.96 Cr
Cost of Materials Consumed ₹375.73 Cr ₹344.02 Cr ₹440.74 Cr ₹331.74 Cr ₹741.46 Cr ₹645.6 Cr ₹490.76 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹2.63 Cr ₹6.49 Cr ₹1.38 Cr ₹9.7 Cr
Employee Benefit Expense ₹28.51 Cr ₹27.11 Cr ₹25.96 Cr ₹35.99 Cr ₹41.65 Cr ₹40.69 Cr ₹50.51 Cr
Finance Costs ₹33.14 Cr ₹30.79 Cr ₹29.91 Cr ₹25.37 Cr ₹20.84 Cr ₹16.99 Cr ₹19.54 Cr
Depreciation & Amortisation ₹25.88 Cr ₹48.66 Cr ₹48.59 Cr ₹72.6 Cr ₹85.48 Cr ₹128.46 Cr ₹134.06 Cr
Other Expenses ₹143.71 Cr ₹164.08 Cr ₹198.09 Cr ₹278.43 Cr ₹311.02 Cr ₹295.65 Cr ₹182.29 Cr
Total Expenses ₹606.97 Cr ₹614.66 Cr ₹743.29 Cr ₹746.77 Cr ₹1,206.93 Cr ₹1,128.77 Cr ₹886.87 Cr
Profit Before Exceptional Items & Tax -₹38.96 Cr -₹47.23 Cr -₹71.89 Cr -₹87.57 Cr -₹87.23 Cr -₹140.96 Cr -₹191.91 Cr
Exceptional Items ₹1,089.11 Cr -₹469.32 Cr ₹0 ₹1,747.84 Cr ₹0 -₹1,056.32 Cr ₹0
Profit Before Tax ₹1,050.15 Cr -₹516.55 Cr -₹71.89 Cr ₹1,660.28 Cr -₹87.23 Cr -₹1,197.28 Cr -₹191.91 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Profit ₹1,050.15 Cr -₹516.55 Cr -₹71.89 Cr ₹1,660.28 Cr -₹87.22 Cr -₹1,197.27 Cr -₹191.9 Cr
  attributable to Owners ₹1,050.15 Cr -₹516.74 Cr -₹71.89 Cr ₹1,660.28 Cr ₹0 -₹1,197.27 Cr -₹191.9 Cr
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹31 Lakh -₹19.1 Lakh -₹9.8 Lakh ₹78.5 Lakh ₹38.7 Lakh -₹1.26 Cr -₹64.5 Lakh
Total Comprehensive Income ₹1,050.46 Cr -₹516.74 Cr -₹71.99 Cr ₹1,661.07 Cr -₹86.84 Cr -₹1,198.53 Cr -₹192.55 Cr
EBITDA (computed) ₹20.06 Cr ₹32.22 Cr ₹6.6 Cr ₹10.41 Cr ₹19.09 Cr ₹4.49 Cr -₹38.31 Cr
Basic EPS ₹87.89 ₹-44.61 ₹-6.21 ₹143.39 ₹-7.53 ₹-103.40 ₹-16.57
Diluted EPS ₹85.85 ₹-44.61 ₹-6.21 ₹143.39 ₹-7.53 ₹103.40 ₹-16.57
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹535.18 Cr ₹533.4 Cr ₹1,032.35 Cr ₹1,067.6 Cr
Non-current Assets ₹459.93 Cr ₹456.61 Cr ₹975.23 Cr ₹1,009.66 Cr
Current Assets ₹75.25 Cr ₹76.79 Cr ₹57.11 Cr ₹57.94 Cr
Property, Plant & Equipment ₹446.37 Cr ₹447.05 Cr ₹920.3 Cr ₹959.45 Cr
Inventories ₹15.87 Cr ₹11.64 Cr ₹8.16 Cr ₹7.78 Cr
Trade Receivables ₹5 Lakh ₹95.1 Lakh ₹0 ₹0
Cash & Equivalents ₹2.53 Cr ₹23 Lakh ₹3.8 Lakh ₹3.8 Lakh
Equity (Net Worth) -₹219.86 Cr -₹1,360.83 Cr -₹844.09 Cr -₹772.1 Cr
Equity Share Capital ₹129.29 Cr ₹115.79 Cr ₹115.79 Cr ₹115.79 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹354.25 Cr ₹1,356.59 Cr ₹1,365.45 Cr ₹1,347.31 Cr
Total Debt (computed) ₹354.25 Cr ₹1,356.59 Cr ₹1,365.45 Cr ₹1,347.31 Cr
Current Liabilities ₹720.71 Cr ₹1,856.22 Cr ₹1,834.68 Cr ₹1,793.08 Cr
Total Liabilities ₹755.04 Cr ₹1,894.23 Cr ₹1,876.44 Cr ₹1,839.7 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 ₹36.13 Cr ₹25.54 Cr ₹17.44 Cr ₹26.41 Cr ₹19.81 Cr
Investing Cash Flow -₹24.92 Cr -₹12.32 Cr -₹9.14 Cr -₹18.53 Cr -₹8.68 Cr
Financing Cash Flow -₹8.91 Cr -₹13.03 Cr -₹8.3 Cr -₹7.89 Cr -₹8.7 Cr
Capital Expenditure ₹25.23 Cr ₹12.49 Cr ₹9.5 Cr ₹18.33 Cr ₹8.37 Cr
Free Cash Flow (computed) ₹10.9 Cr ₹13.05 Cr ₹7.94 Cr ₹8.08 Cr ₹11.44 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹2.3 Cr ₹19.2 Lakh ₹0 -₹1.2 Lakh ₹2.43 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 ₹170.98 Cr ₹144.97 Cr ₹75.85 Cr ₹170.98 Cr ₹162.41 Cr ₹118.73 Cr ₹150.62 Cr ₹134.73 Cr ₹156.08 Cr ₹89.63 Cr ₹189.23 Cr ₹234.96 Cr
Other Income ₹98 Lakh ₹17 Lakh ₹3.23 Cr ₹87.3 Lakh ₹12.9 Lakh ₹34.3 Lakh ₹23.7 Lakh ₹23.3 Lakh ₹42.7 Lakh ₹36.4 Lakh ₹23.4 Lakh ₹47 Lakh
Total Income ₹171.96 Cr ₹145.14 Cr ₹79.08 Cr ₹171.85 Cr ₹162.54 Cr ₹119.07 Cr ₹150.86 Cr ₹134.97 Cr ₹156.51 Cr ₹89.99 Cr ₹189.47 Cr ₹235.43 Cr
Cost of Materials Consumed ₹124.45 Cr ₹99.42 Cr ₹54.22 Cr ₹97.65 Cr ₹105.39 Cr ₹73.68 Cr ₹94.49 Cr ₹70.46 Cr ₹102.94 Cr ₹46.13 Cr ₹135.8 Cr ₹155.88 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹6.96 Cr ₹8 Cr ₹6.46 Cr ₹7.1 Cr ₹6.56 Cr ₹7.2 Cr ₹6.96 Cr ₹6.38 Cr ₹5.76 Cr ₹6.33 Cr ₹6.89 Cr ₹6.98 Cr
Finance Costs ₹7.62 Cr ₹9.23 Cr ₹8.38 Cr ₹7.91 Cr ₹7.86 Cr ₹7.88 Cr ₹7.63 Cr ₹7.43 Cr ₹7.34 Cr ₹7.49 Cr ₹7.33 Cr ₹7.75 Cr
Depreciation & Amortisation ₹6.43 Cr ₹6.56 Cr ₹6.48 Cr ₹6.41 Cr ₹12.15 Cr ₹12.23 Cr ₹12.21 Cr ₹12.06 Cr ₹12.14 Cr ₹12.61 Cr ₹11.97 Cr ₹11.87 Cr
Other Expenses ₹33.03 Cr ₹38.46 Cr ₹23.76 Cr ₹48.46 Cr ₹41.96 Cr ₹35.35 Cr ₹41.23 Cr ₹45.55 Cr ₹37.22 Cr ₹41.8 Cr ₹52.13 Cr ₹66.95 Cr
Total Expenses ₹178.49 Cr ₹161.67 Cr ₹99.3 Cr ₹167.53 Cr ₹173.92 Cr ₹136.35 Cr ₹162.52 Cr ₹141.88 Cr ₹165.39 Cr ₹114.35 Cr ₹214.12 Cr ₹249.43 Cr
Profit Before Exceptional Items & Tax -₹6.53 Cr -₹16.53 Cr -₹20.22 Cr ₹4.32 Cr -₹11.38 Cr -₹17.28 Cr -₹11.66 Cr -₹6.91 Cr -₹8.88 Cr -₹24.36 Cr -₹24.65 Cr -₹14 Cr
Exceptional Items ₹1,089.11 Cr ₹0 ₹0 ₹0 -₹476.83 Cr ₹0 ₹7.5 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹1,082.58 Cr -₹16.53 Cr -₹20.22 Cr ₹4.32 Cr -₹488.21 Cr -₹17.28 Cr -₹4.16 Cr -₹6.91 Cr -₹8.88 Cr -₹24.36 Cr -₹24.65 Cr -₹14 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Profit ₹1,082.58 Cr -₹16.53 Cr -₹20.22 Cr ₹4.32 Cr -₹488.2 Cr -₹17.28 Cr -₹4.16 Cr -₹6.92 Cr -₹8.88 Cr -₹24.36 Cr -₹24.65 Cr -₹14 Cr
  attributable to Owners ₹1,082.58 Cr -₹16.53 Cr -₹20.22 Cr ₹4.32 Cr -₹488.2 Cr -₹17.28 Cr -₹4.16 Cr -₹6.92 Cr -₹8.88 Cr -₹24.36 Cr -₹24.65 Cr -₹14 Cr
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹45 Lakh -₹4 Lakh -₹4.8 Lakh -₹4.8 Lakh -₹11.8 Lakh -₹2.4 Lakh -₹2.5 Lakh -₹2.4 Lakh -₹47.7 Lakh ₹12.7 Lakh ₹12.6 Lakh ₹12.6 Lakh
Total Comprehensive Income ₹1,083.03 Cr -₹16.57 Cr -₹20.27 Cr ₹4.27 Cr -₹488.32 Cr -₹17.3 Cr -₹4.18 Cr -₹6.94 Cr -₹9.36 Cr -₹24.23 Cr -₹24.53 Cr -₹13.87 Cr
EBITDA (computed) ₹7.52 Cr -₹74 Lakh -₹5.36 Cr ₹18.64 Cr ₹8.63 Cr ₹2.83 Cr ₹8.18 Cr ₹12.58 Cr ₹10.59 Cr -₹4.27 Cr -₹5.35 Cr ₹5.62 Cr
Basic EPS ₹90.60 ₹-1.42 ₹-1.75 ₹0.37 ₹-42.16 ₹-1.49 ₹-0.36 ₹-0.60 ₹-0.77 ₹-2.10 ₹-2.13 ₹-1.21
Diluted EPS ₹88.50 ₹-1.42 ₹-1.75 ₹0.37 ₹-42.16 ₹-1.49 ₹-0.36 ₹-0.60 ₹-0.77 ₹-2.10 ₹-2.13 ₹-1.21
Latest 12 quarters shown of 25 on record.
Segment · FY 2023 (annual) Revenue Result (PBIT) Assets Liabilities
Ferro Alloys ₹572.48 Cr -₹438.37 Cr - -
Special Steel ₹121.78 Cr ₹376.17 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹561.62 Cr ₹566.49 Cr ₹669.9 Cr ₹572.48 Cr ₹792 Cr ₹566.67 Cr ₹347.88 Cr
Other Income ₹6.39 Cr ₹94.2 Lakh ₹1.5 Cr ₹1.65 Cr ₹1.23 Cr ₹43.81 Cr ₹39.72 Cr
Total Income ₹568.01 Cr ₹567.43 Cr ₹671.39 Cr ₹574.12 Cr ₹793.24 Cr ₹610.49 Cr ₹387.6 Cr
Cost of Materials Consumed ₹375.73 Cr ₹344.02 Cr ₹440.74 Cr ₹271.65 Cr ₹450.05 Cr ₹315.09 Cr ₹213.36 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹1.7 Lakh ₹3.65 Cr ₹1.69 Cr ₹8.52 Cr
Employee Benefit Expense ₹28.51 Cr ₹27.11 Cr ₹25.96 Cr ₹28.71 Cr ₹28.48 Cr ₹26.75 Cr ₹28.45 Cr
Finance Costs ₹33.14 Cr ₹30.79 Cr ₹29.91 Cr ₹27.73 Cr ₹23.97 Cr ₹19.61 Cr ₹16.81 Cr
Depreciation & Amortisation ₹25.88 Cr ₹48.66 Cr ₹48.59 Cr ₹46.82 Cr ₹46.26 Cr ₹46.52 Cr ₹48.32 Cr
Other Expenses ₹143.71 Cr ₹164.08 Cr ₹198.09 Cr ₹264.55 Cr ₹293.39 Cr ₹275.96 Cr ₹157 Cr
Total Expenses ₹606.97 Cr ₹614.66 Cr ₹743.29 Cr ₹639.47 Cr ₹845.81 Cr ₹685.62 Cr ₹472.45 Cr
Profit Before Exceptional Items & Tax -₹38.96 Cr -₹47.23 Cr -₹71.89 Cr -₹65.35 Cr -₹52.57 Cr -₹75.13 Cr -₹84.85 Cr
Exceptional Items ₹1,089.11 Cr -₹469.32 Cr ₹0 -₹398.36 Cr ₹0 -₹215.12 Cr ₹0
Profit Before Tax ₹1,050.15 Cr -₹516.55 Cr -₹71.89 Cr -₹463.71 Cr -₹52.57 Cr -₹290.25 Cr -₹84.85 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Profit ₹1,050.15 Cr -₹516.55 Cr -₹71.89 Cr -₹463.71 Cr -₹52.57 Cr -₹290.25 Cr -₹84.85 Cr
Other Comprehensive Income ₹31 Lakh -₹19.1 Lakh -₹9.8 Lakh ₹50.5 Lakh -₹3.2 Lakh -₹1.29 Cr -₹56.5 Lakh
Total Comprehensive Income ₹1,050.46 Cr -₹516.74 Cr -₹71.99 Cr -₹463.21 Cr -₹52.6 Cr -₹291.54 Cr -₹85.41 Cr
EBITDA (computed) ₹20.06 Cr ₹32.22 Cr ₹6.6 Cr ₹9.2 Cr ₹17.66 Cr -₹9.01 Cr -₹19.72 Cr
Basic EPS ₹87.89 ₹-44.61 ₹-6.21 ₹-40.05 ₹-4.54 ₹-25.07 ₹-7.33
Diluted EPS ₹85.85 ₹-44.61 ₹-6.21 ₹-40.05 ₹-4.54 ₹-25.07 ₹-7.33
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹535.18 Cr ₹533.39 Cr ₹1,032.34 Cr ₹1,067.6 Cr
Non-current Assets ₹459.95 Cr ₹456.62 Cr ₹975.25 Cr ₹1,009.69 Cr
Current Assets ₹75.23 Cr ₹76.77 Cr ₹57.09 Cr ₹57.91 Cr
Property, Plant & Equipment ₹446.37 Cr ₹447.05 Cr ₹920.3 Cr ₹959.45 Cr
Inventories ₹15.87 Cr ₹11.64 Cr ₹8.16 Cr ₹7.78 Cr
Trade Receivables ₹5 Lakh ₹95.1 Lakh ₹0 ₹0
Cash & Equivalents ₹2.51 Cr ₹20.5 Lakh ₹1.8 Lakh ₹1.8 Lakh
Equity (Net Worth) -₹219.86 Cr -₹1,360.84 Cr -₹844.09 Cr -₹772.1 Cr
Equity Share Capital ₹129.29 Cr ₹115.79 Cr ₹115.79 Cr ₹115.79 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹354.25 Cr ₹1,356.59 Cr ₹1,365.45 Cr ₹1,347.31 Cr
Total Debt (computed) ₹354.25 Cr ₹1,356.59 Cr ₹1,365.45 Cr ₹1,347.31 Cr
Current Liabilities ₹720.71 Cr ₹1,856.22 Cr ₹1,834.68 Cr ₹1,793.08 Cr
Total Liabilities ₹755.04 Cr ₹1,894.22 Cr ₹1,876.44 Cr ₹1,839.7 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 ₹36.13 Cr ₹25.54 Cr ₹17.44 Cr ₹24.73 Cr ₹14.21 Cr
Investing Cash Flow -₹24.92 Cr -₹12.32 Cr -₹9.14 Cr -₹16.5 Cr -₹3.13 Cr
Financing Cash Flow -₹8.91 Cr -₹13.03 Cr -₹8.3 Cr -₹8.24 Cr -₹8.65 Cr
Capital Expenditure ₹25.23 Cr ₹12.49 Cr ₹9.5 Cr ₹16.56 Cr ₹3.77 Cr
Free Cash Flow (computed) ₹10.9 Cr ₹13.05 Cr ₹7.94 Cr ₹8.17 Cr ₹10.43 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹2.3 Cr ₹18.7 Lakh ₹0 ₹10,000 ₹2.43 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 ₹170.98 Cr ₹144.97 Cr ₹75.85 Cr ₹170.98 Cr ₹162.41 Cr ₹118.73 Cr ₹150.62 Cr ₹134.73 Cr ₹156.08 Cr ₹89.63 Cr ₹189.23 Cr ₹234.96 Cr
Other Income ₹98 Lakh ₹17 Lakh ₹3.23 Cr ₹87.3 Lakh ₹12.9 Lakh ₹34.3 Lakh ₹23.7 Lakh ₹23.3 Lakh ₹42.7 Lakh ₹36.4 Lakh ₹23.4 Lakh ₹47 Lakh
Total Income ₹171.96 Cr ₹145.14 Cr ₹79.08 Cr ₹171.85 Cr ₹162.54 Cr ₹119.07 Cr ₹150.86 Cr ₹134.97 Cr ₹156.51 Cr ₹89.99 Cr ₹189.47 Cr ₹235.43 Cr
Cost of Materials Consumed ₹124.45 Cr ₹99.42 Cr ₹54.22 Cr ₹97.65 Cr ₹105.39 Cr ₹73.68 Cr ₹94.49 Cr ₹70.46 Cr ₹102.94 Cr ₹46.13 Cr ₹135.8 Cr ₹155.88 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹6.96 Cr ₹8 Cr ₹6.46 Cr ₹7.1 Cr ₹6.56 Cr ₹7.2 Cr ₹6.96 Cr ₹6.38 Cr ₹5.76 Cr ₹6.33 Cr ₹6.89 Cr ₹6.98 Cr
Finance Costs ₹7.62 Cr ₹9.23 Cr ₹8.38 Cr ₹7.91 Cr ₹7.86 Cr ₹7.88 Cr ₹7.63 Cr ₹7.43 Cr ₹7.34 Cr ₹7.49 Cr ₹7.33 Cr ₹7.75 Cr
Depreciation & Amortisation ₹6.43 Cr ₹6.56 Cr ₹6.48 Cr ₹6.41 Cr ₹12.15 Cr ₹12.23 Cr ₹12.21 Cr ₹12.06 Cr ₹12.14 Cr ₹12.61 Cr ₹11.97 Cr ₹11.87 Cr
Other Expenses ₹33.03 Cr ₹38.46 Cr ₹23.76 Cr ₹48.46 Cr ₹41.96 Cr ₹35.35 Cr ₹41.23 Cr ₹45.55 Cr ₹37.22 Cr ₹41.8 Cr ₹52.13 Cr ₹66.95 Cr
Total Expenses ₹178.49 Cr ₹161.67 Cr ₹99.3 Cr ₹167.53 Cr ₹173.92 Cr ₹136.35 Cr ₹162.52 Cr ₹141.88 Cr ₹165.39 Cr ₹114.35 Cr ₹214.12 Cr ₹249.43 Cr
Profit Before Exceptional Items & Tax -₹6.53 Cr -₹16.53 Cr -₹20.22 Cr ₹4.32 Cr -₹11.38 Cr -₹17.28 Cr -₹11.66 Cr -₹6.91 Cr -₹8.88 Cr -₹24.36 Cr -₹24.65 Cr -₹14 Cr
Exceptional Items ₹1,089.11 Cr ₹0 ₹0 ₹0 -₹476.83 Cr ₹0 ₹7.5 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹1,082.58 Cr -₹16.53 Cr -₹20.22 Cr ₹4.32 Cr -₹488.2 Cr -₹17.28 Cr -₹4.16 Cr -₹6.91 Cr -₹8.88 Cr -₹24.36 Cr -₹24.65 Cr -₹14 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Net Profit ₹1,082.58 Cr -₹16.53 Cr -₹20.22 Cr ₹4.32 Cr -₹488.2 Cr -₹17.28 Cr -₹4.16 Cr -₹6.91 Cr -₹8.88 Cr -₹24.36 Cr -₹24.65 Cr -₹14 Cr
Other Comprehensive Income ₹45 Lakh -₹4 Lakh -₹4.8 Lakh -₹4.8 Lakh -₹11.8 Lakh -₹2.4 Lakh -₹2.5 Lakh -₹2.4 Lakh -₹47.7 Lakh ₹12.7 Lakh ₹12.6 Lakh ₹12.6 Lakh
Total Comprehensive Income ₹1,083.03 Cr -₹16.57 Cr -₹20.27 Cr ₹4.27 Cr -₹488.32 Cr -₹17.3 Cr -₹4.18 Cr -₹6.94 Cr -₹9.36 Cr -₹24.24 Cr -₹24.53 Cr -₹13.87 Cr
EBITDA (computed) ₹7.52 Cr -₹74 Lakh -₹5.36 Cr ₹18.64 Cr ₹8.63 Cr ₹2.83 Cr ₹8.18 Cr ₹12.58 Cr ₹10.59 Cr -₹4.27 Cr -₹5.35 Cr ₹5.62 Cr
Basic EPS ₹90.60 ₹-1.42 ₹-1.75 ₹0.37 ₹-42.16 ₹-1.49 ₹-0.36 ₹-0.60 ₹-0.77 ₹-2.10 ₹-2.13 ₹-1.21
Diluted EPS ₹88.50 ₹-1.42 ₹-1.75 ₹0.37 ₹-42.16 ₹-1.49 ₹-0.36 ₹-0.60 ₹-0.77 ₹-2.10 ₹-2.13 ₹-1.21
Latest 12 quarters shown of 25 on record.
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You're viewing the latest exchange-filed financials for Visa Steel Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
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Shareholding Pattern of Visa Steel Limited

As per the shareholding pattern filed with NSE for the quarter ended Apr 2026, promoters hold 62.40%, foreign institutional investors hold 10.60%, retail and other public shareholders hold 27.00% of Visa Steel Limited. The company had 17,421 shareholders on record.

Promoters: 62.40%FII (Foreign Institutional): 10.60%Retail & Others: 27.00%
Apr 2026
QUARTER
62.40% Promoters
10.60% FII (Foreign Institutional)
27.00% Retail & Others
Promoter holding - history
Now 62.40% · Apr 2026High 64.20% · Dec 2015Low 38.33% · Mar 2022
37%44.3%51.5%58.8%66%Dec 2015Mar 2018Sep 2020Mar 2023Sep 2025Dec 2015: 64.20%Mar 2016: 61.98%Jun 2016: 61.98%Sep 2016: 61.98%Dec 2016: 61.98%Mar 2017: 61.98%Jun 2017: 61.98%Sep 2017: 61.98%Oct 2017: 58.88%Dec 2017: 58.88%Mar 2018: 58.88%Jun 2018: 58.88%Sep 2018: 58.88%Dec 2018: 58.88%Mar 2019: 58.88%Jun 2019: 58.88%Sep 2019: 58.88%Dec 2019: 58.88%Mar 2020: 58.88%Jun 2020: 58.88%Sep 2020: 58.88%Dec 2020: 58.88%Mar 2021: 58.88%Jun 2021: 58.88%Sep 2021: 58.88%Dec 2021: 58.88%Mar 2022: 38.33%Jun 2022: 38.33%Sep 2022: 38.33%Dec 2022: 43.33%Mar 2023: 43.33%Jun 2023: 43.33%Sep 2023: 48.27%Dec 2023: 48.27%Mar 2024: 48.27%Jun 2024: 48.27%Sep 2024: 52.66%Dec 2024: 52.66%Mar 2025: 52.66%Jun 2025: 52.66%Sep 2025: 52.66%Dec 2025: 57.60%Mar 2026: 57.60%Apr 2026: 62.40%64.20%38.33%62.40%
Shareholding trend - last 6 quarters
Apr 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Promoters62.40%57.60%57.60%52.66%52.66%52.66%
Public37.60%42.40%42.40%47.34%47.34%47.34%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters57.60%52.66%48.27%43.33%38.33%58.88%58.88%58.88%58.88%61.98%61.98%
Public42.40%47.34%51.73%56.67%61.67%41.12%41.12%41.12%41.12%38.02%38.02%
Promoter change (YoY, %pts)+4.94+4.39+4.94+5.00-20.55+0.00+0.00+0.00-3.10+0.00-

Board & Governance of Visa Steel Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Visa Steel Limited has 6 directors - 3 independent and 3 executive. The board is chaired by Vishambhar Saran.

DirectorPositionOn board sinceListed boards
Vishambhar Saran Executive Director · Chairperson 1996-09-10 1
Vishal Agarwal Executive Director · MD 1996-09-10 1
Dhanesh Ranjan Non-Executive - Independent Director 2018-09-30 1
Ritu Bajaj Non-Executive - Independent Director 2023-08-24 2
Biswajit Chongdar Non-Executive - Independent Director 2023-08-07 1
Manoj Kumar Executive Director 2015-09-15 1
Board Committees
CommitteeMembers
Audit Committee Ritu Bajaj (Chairperson), Biswajit Chongdar, Dhanesh Ranjan
Nomination and remuneration committee Dhanesh Ranjan (Chairperson), Biswajit Chongdar, Ritu Bajaj
Stakeholders Relationship Committee Biswajit Chongdar (Chairperson), Vishal Agarwal, Ritu Bajaj
Preferential Issue Committee Biswajit Chongdar (Chairperson), Ritu Bajaj, Vishal Agarwal

Group Structure of Visa Steel Limited

Visa Steel Limited has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2023. The corporate group structure reflects Visa Steel Limited's business expansion strategy and organizational complexity.

1
Subsidiary companies
1
Joint ventures
Key Subsidiaries
Company Name CIN Shares Held
Kalinganagar Chrome Private Limited U27100OR2013PTC017080 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Visa Steel Limited

Open charges
₹16,192 Cr
Satisfied charges
₹2,349.23 Cr
Breakdown by lending institutions
Others₹16,089.78 Cr
Vijaya Bank₹46.22 Cr
Srei Equipment Finance Private Limited₹19.93 Cr
Uco Bank₹17.00 Cr
Icici Bank Limited₹11.33 Cr
Others₹7.47 Cr
Latest charge details
DateLenderAmountStatus
19 Apr 2017 Others ₹30 Cr Open
31 Jul 2015 Others ₹15 Cr Open
27 Jul 2015 Vijaya Bank ₹9.5 Cr Open
29 Jun 2015 Others ₹15 Cr Open
31 Mar 2015 Others ₹282.57 Cr Open

Total charge records: 138 View all charges

Employees and EPFO Compliance at Visa Steel Limited

Visa Steel Limited has a workforce of 335 employees as of Mar 21, 2024.

Employee count
335
Active EPFO establishments
1
Employee growth
-7.97%
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Employee and EPFO history for Visa Steel Limited

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GST Compliance of Visa Steel Limited

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Credit Ratings, Litigation & Regulatory Alerts for Visa Steel Limited

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MSME Payment Delays by Visa Steel Limited

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MSME payment history for Visa Steel Limited

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Subsidiaries & Group Companies of Visa Steel Limited

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Corporate group structure for Visa Steel Limited

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MCA Filings & Documents of Visa Steel Limited

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Recent Activity on Visa Steel Limited

Activity
27 Sep 2024
Visa Steel Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Activity
31 Mar 2024
Visa Steel Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Charges
22 Mar 2024
A charge with Others of Rs. 15.00 Cr registered on 29 Jun 2015 with Charge ID 10594413 was modified on 22 Mar 2024.
Charges
22 Mar 2024
A charge with Others of Rs. 79.87 Cr registered on 18 Jul 2014 with Charge ID 10517597 was modified on 22 Mar 2024.
Charges
22 Mar 2024
A charge with Others of Rs. 338.61 Cr registered on 28 Sep 2012 with Charge ID 10387630 was modified on 22 Mar 2024.
Charges
22 Mar 2024
A charge with Others of Rs. 8.75 Cr registered on 02 Jul 2012 with Charge ID 10367706 was modified on 22 Mar 2024.

Recent News on Visa Steel Limited

Visa Steel announces change in CFO
13 Jul 2018 · Business Standard
Visa Steel: Outcome of board meeting
11 Feb 2017 · Moneycontrol

Frequently Asked Questions about Visa Steel Limited

Visa Steel Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.

Visa Steel Limited is a company under insolvency, formerly operating as a public limited company in the metals and minerals sector based in Khorda, Odisha, India. It was incorporated on 10 September 1996 and is registered under CIN L51109OR1996PLC004601. Listed on BSE: 532721 and NSE: VISASTEEL. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Visa Steel Limited reported revenue of ₹561.62 Cr for FY 2026 (down 0.86% YoY) based on consolidated NSE filings.

The current directors and KMP of Visa Steel Limited are:

The CIN (Corporate Identification Number) of Visa Steel Limited is L51109OR1996PLC004601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Visa Steel Limited is listed on both BSE (code: 532721) and NSE (symbol: VISASTEEL).

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

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