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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Vardhman Special Steels Limited is an India-based company engaged in the business that consists of manufacturing of billets, steel bars and bright bars of various categories of special and alloy steels. The Company’s end product supply condition is bright bars and hot-rolled…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, priced for perfection.
Vardhman Special Steels is scored on the commodity / cyclical framework. It keeps a slim 5.2% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.36× reported profit. Free cash flow is worth about 0.0% of its market value.
Over the last 1 years revenue compounded at 6%/yr and profit at 2%/yr. Book value has grown 11%/yr. Return on equity is a healthy 12.3%. In the latest quarter profit fell 8% versus the prior quarter.
At 32× earnings, the stock sits at the 95th percentile of its own 2.6-year range — the expensive end of where it has historically traded. Today's price implies ~7%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 17.46 | 20.39 | better |
| P/B | 2.04 | 2.07 | better |
| EV/EBITDA | 9.79 | 10.9 | better |
| ROE | 12.27 | 18.07 | worse |
| ROCE | 16.64 | 9.84 | better |
| ROA | 10.11 | 3.5 | better |
| Quick Ratio | 1.04 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue has grown every year across all 2 financial years shown. 6% CAGR — growing but slowly.
Net profit has risen every year — the hallmark of a compounder. Revenue is outpacing profit (6% vs 2%) — costs are rising faster than the top line.
Operating margins have been stable around 7% — no major structural shift.
ROE at 12% — modest; the capital isn't working hard.
1% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.4× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating.
How today's P/E compares to the stock's own historical range. Dashed line = the 2.6y median.
Promoter holding at 51.2% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.