Vardhman Special Steels Complete Financial Statements
In FY2025, Vardhman Special Steels (VSSL) reported revenue ₹435 Cr, net profit ₹20 Cr and EPS ₹2.42, with a net profit margin of 4.6% and ROE of 2.5%. Full financial statements from FY2023 to FY2025 (3 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Explore VSSL Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.
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Profitability Ratios
Balance Sheet Ratios
VSSL Revenue, Net Profit & EBITDA — Year-on-Year Growth
VSSL YoY (Mar 2024 vs Mar 2025) — revenue -2.9%, net profit -39.4%, EBITDA -32.8%, expenses +1.5%. For live price, earnings ratios and company overview, see VSSL share price screener.
VSSL Income Statement — Revenue, EBITDA & Net Profit
Vardhman Special Steels revenue ₹435 Cr, EBITDA ₹39 Cr, net profit ₹20 Cr, EPS ₹2.42 (2025) — net profit margin 4.6%. Review VSSL earnings valuation to evaluate earnings-based valuation against sector peers.
| Particulars | Mar 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Jun 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 435 | 504 | 448 | 420 | 434 | 421 | 417 | 406 |
| Expenses | 397 | 456 | 391 | 372 | 392 | 384 | 380 | 364 |
| EBITDA | 39 | 49 | 58 | 48 | 42 | 37 | 37 | 42 |
| Operating Profit Margin % | 7.00% | 8.00% | 11.00% | 10.00% | 8.00% | 8.00% | 7.00% | 8.00% |
| Depreciation | 8 | 8 | 9 | 8 | 9 | 7 | 7 | 7 |
| Interest | 4 | 5 | 5 | 5 | 5 | 5 | 4 | 5 |
| Profit Before Tax | 27 | 35 | 44 | 35 | 29 | 25 | 25 | 29 |
| Tax | 7 | 9 | 11 | 9 | 7 | 6 | 6 | 7 |
| Net Profit | 20 | 26 | 33 | 26 | 22 | 19 | 19 | 22 |
| Earnings Per Share (₹) | 2.42 | 3.17 | 4.02 | 3.20 | 2.63 | 2.27 | 2.29 | 2.68 |
VSSL Balance Sheet — Assets, Liabilities & Shareholders' Equity
VSSL total assets ₹1,136 Cr, total equity ₹798 Cr, total liabilities ₹ Cr (2025) — ROE 2.5%.
| Particulars | 2025 | 2024 |
|---|---|---|
| ASSETS | ||
| Total Assets | 1,136 | 1,040 |
| Current Assets | 661 | 674 |
| Fixed Assets | 309 | 325 |
| Capital Work in Progress | 117 | 1 |
| Investments | 18 | 0 |
| Other Assets | 693 | 714 |
| LIABILITIES | ||
| Total Liabilities | ||
| Current Liabilities | 25 | 37 |
| Non-Current Liabilities | ||
| SHAREHOLDERS' EQUITY | ||
| Total Equity | 798 | 719 |
| Share Capital | 82 | 82 |
| Reserves & Surplus | 716 | 638 |
VSSL Cash Flow Statement — Operating, Investing & Financing
Vardhman Special Steels operating cash flow ₹127 Cr, investing ₹-127 Cr, financing ₹3 Cr, net cash flow ₹3 Cr (2025).
| Particulars | March 2025 | March 2024 |
|---|---|---|
| Operating Activities | 127 | 142 |
| Investing Activities | -127 | -50 |
| Financing Activities | 3 | -94 |
| Net Cash Flow | 3 | -2 |