Vardhman Special Steels
Manufacturing · 1 quarter tracked · source-linked performance and management context.
Latest revenue
Pending
financial record pending verification
Quarters tracked
1
source records in the directory
Delivery assessment
Unscored
No scored management commitments are present yet.
Call date
2026-04-30
latest available source date
Signal trajectory
1 actual quarterCurrent read
Unscored
No scored management commitments are present yet.
Latest source read
What changed this quarter?
Vardhman Special Steels reported record PAT of ₹122 crore for FY26, driven by highest-ever sales volume of 225,000 tons. The company is expanding rolling capacity to 270,000 tons and targeting 250,000-255,000 tons in FY27. EBITDA per ton guidance has been raised to ₹8,000-11,000 (from ₹7,000-10,000), with a medium-term target of ₹9,000-12,000. Key growth drivers include a new reheating furnace, solar plant (9 crore units/year), and process improvements like larger heat sizes. The forging plant (ring gears) is on track for Q3 FY28 commissioning, and a greenfield steel plant (500,000 tons) is targeted for July 2029. Risks include potential global recession impacting demand and delays in environmental clearance for brownfield expansion.
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Signal
Positive
Revenue
Pending
Source date
2026-04-30
Across the record
Quarter history.
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