Vardhman Special Steels Ltd
Next 500 2024
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OVERVIEW
FINANCIALS
About
Vardhman Special Steels Limited, part of the Vardhman Group, is a leading manufacturer of special and alloy steels in India. The company produces billets, steel bars, rods, and bright bars catering to sectors like automotive, engineering, tractors, and bearings. With a melting capacity of 250,000 MTPA and an integrated rolling mill of 200,000 MTPA, Vardhman Special Steels emphasizes safety, quality, productivity, cost-effectiveness, and customer satisfaction.
Incorporation Year: 2010
Headquarters: Ludhiana, Punjab
Top Management: Mr. Sachit Jain (Vice Chairman & Managing Director)
Industry: Metals
Website: vardhmansteel.com
Featured In Fortune India Ranking
Next 500 India
#306(2024)#250(2023)#285(2022)#404(2021)#198(2020)#306(2019)#431(2016)
#306(2024)#250(2023)#285(2022)#404(2021)#198(2020)#306(2019)#431(2016)
Ranking Trend Fortune Next 500 India
Financial Data 2024
Revenue
1,712
(INR Cr)
Net Operating Income
1,661
(INR Cr)
Assets
806
(INR Cr)
Profit
92
(INR Cr)
Net Worth
719
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1712 -5.5% | 1811 20.9% | 1498 55.6% | 962 35.3% | 711 -44.7% | 1285 45.3% | 884 28.0% | 691 10.5% | 625 -6.7% | 671 31.6% | 510 7.0% | 476 -9.9% | 528 335.0% | 121 - |
| Net Operating Income (INR Cr) | 1661 -4.24% | 1735 26.78% | 1368 46.03% | 937 10.74% | 846 -24.50% | 1121 30.48% | 859 27.48% | 674 3.23% | 653 -1.34% | 662 78.52% | 371 -16.76% | 445 -15.10% | 524 363.85% | 113 0.00% |
| Profit (INR Cr) | 92 -8.8% | 100 -0.3% | 101 128.0% | 44 1223.1% | 3 -85.0% | 22 -11.3% | 25 30.8% | 19 353.6% | 4 - | -15 - | -9 - | 5 -81.3% | 26 272.1% | 7 - |
| Assets (INR Cr) | 806 2.2% | 789 9.6% | 719 10.3% | 652 -4.3% | 682 -2.2% | 697 22.6% | 568 10.3% | 515 -0.5% | 517 -0.7% | 521 8.3% | 481 -4.3% | 503 15.6% | 435 94.3% | 224 - |
| Net Worth (INR Cr) | 719 12.0% | 642 15.7% | 555 20.8% | 459 11.1% | 414 14.3% | 362 6.7% | 339 71.3% | 198 10.6% | 179 5.6% | 170 -8.6% | 186 -4.8% | 195 2.6% | 190 15.8% | 164 0.0% |
| Employee Cost (INR Cr) | 96 7.0% | 90 11.1% | 81 35.9% | 60 23.9% | 48 -6.2% | 51 9.8% | 47 17.4% | 40 18.1% | 34 18.8% | 28 33.4% | 21 -0.3% | 21 -5.3% | 23 545.0% | 3 - |
| Interest Cost (INR Cr) | 18 | 18 | 17 | 20 | 26 | 24 | 21 | 28 | 23 | 20 | 12 | 11 | 7 | 1 |
| Cash & Bank Balance (INR Cr) | 8 | 10 | 16 | 52 | 2 | 0 | 7 | 6 | 4 | 9 | 14 | 30 | 87 | 5 |
| Total Debt (INR Cr) | 84 | 144 | 162 | 191 | 266 | 334 | 228 | 316 | 338 | 350 | 295 | 307 | 244 | 59 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.4% | 5.6% | 6.7% | 4.6% | 0.5% | 1.7% | 2.8% | 2.8% | 0.7% | - | - | 1.0% | 4.9% | 5.7% |
| Profit As % Of Assets | 11.4% | 12.7% | 14.0% | 6.8% | 0.5% | 3.2% | 4.4% | 3.7% | 0.8% | - | - | 1.0% | 6.0% | 3.1% |
| Profit As % Of Networth | 12.7% | 15.6% | 18.2% | 9.6% | 0.8% | 6.1% | 7.4% | 9.7% | 2.4% | - | - | 2.5% | 13.6% | 4.2% |
| Interest Cost to EBITDA % | 12.9% | 12.5% | 10.0% | 19.1% | 64.8% | 34.9% | 34.6% | 47.3% | 55.3% | 174.8% | - | 61.6% | 13.2% | 8.3% |
| Debt to Equity Ratio | 0.12 | 0.22 | 0.29 | 0.41 | 0.64 | 0.92 | 0.67 | 1.60 | 1.88 | 2.06 | 1.59 | 1.57 | 1.28 | 0.36 |
| RONW | 13.5% | 16.8% | 19.9% | 10.1% | 0.5% | 6.3% | 8.6% | 10.2% | 3.0% | - | - | 1.8% | 14.6% | 4.6% |
| ROCE | 17.7% | 20.2% | 25.6% | 12.9% | 3.2% | 7.2% | 8.1% | 9.2% | 5.4% | -0.1% | -3.0% | 3.5% | 14.6% | 5.7% |