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VSSL (VARDHMAN SPECIAL STEELS LTD.) Stock Analysis
Buy, Hold or Sell?

Let's analyze VARDHMAN SPECIAL STEELS LTD. together

I guess you are interested in VARDHMAN SPECIAL STEELS LTD.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📊 Fundamental Analysis (FA) – VARDHMAN SPECIAL STEELS LTD.’s Financial Insights
  • 📈 Technical Analysis (TA) – VARDHMAN SPECIAL STEELS LTD.’s Price Targets

I'm going to help you getting a better view of VARDHMAN SPECIAL STEELS LTD.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of VARDHMAN SPECIAL STEELS LTD. (30 sec.)










1.2. What can you expect buying and holding a share of VARDHMAN SPECIAL STEELS LTD.? (30 sec.)

How much money do you get?

How much money do you get?
INR0.09
When do you have the money?
1 year
How often do you get paid?
60.0%

What is your share worth?

Current worth
INR97.62
Expected worth in 1 year
INR136.07
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR46.40
Return On Investment
17.6%

For what price can you sell your share?

Current Price per Share
INR263.50
Expected price per share
INR178.30 - INR295.00
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of VARDHMAN SPECIAL STEELS LTD. (5 min.)




Live pricePrice per Share (EOD)
INR263.50
Intrinsic Value Per Share
INR-56.70 - INR85.95
Total Value Per Share
INR40.93 - INR183.57

2.2. Growth of VARDHMAN SPECIAL STEELS LTD. (5 min.)




Is VARDHMAN SPECIAL STEELS LTD. growing?

Current yearPrevious yearGrowGrow %
How rich?$93.3m$84.1m$9.1m9.8%

How much money is VARDHMAN SPECIAL STEELS LTD. making?

Current yearPrevious yearGrowGrow %
Making money$10.8m$10.7m$170.8k1.6%
Net Profit Margin5.3%5.5%--

How much money comes from the company's main activities?

2.3. Financial Health of VARDHMAN SPECIAL STEELS LTD. (5 min.)




2.4. Comparing to competitors in the Steel industry (5 min.)




  Industry Rankings (Steel)  


Richest
#212 / 296

Most Revenue
#143 / 296

Most Profit
#93 / 296
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of VARDHMAN SPECIAL STEELS LTD.?

Welcome investor! VARDHMAN SPECIAL STEELS LTD.'s management wants to use your money to grow the business. In return you get a share of VARDHMAN SPECIAL STEELS LTD..

First you should know what it really means to hold a share of VARDHMAN SPECIAL STEELS LTD.. And how you can make/lose money.

Speculation

The Price per Share of VARDHMAN SPECIAL STEELS LTD. is INR263.50. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of VARDHMAN SPECIAL STEELS LTD..
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in VARDHMAN SPECIAL STEELS LTD., you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR97.62. Based on the TTM, the Book Value Change Per Share is INR9.61 per quarter. Based on the YOY, the Book Value Change Per Share is INR9.44 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.99 per quarter.
Based on historical numbers we can estimate the returns while holding a share of VARDHMAN SPECIAL STEELS LTD..

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.130.1%0.130.1%0.130.0%0.140.1%0.120.0%0.070.0%
Usd Book Value Change Per Share0.110.0%0.110.0%0.110.0%0.120.0%0.110.0%0.090.0%
Usd Dividend Per Share0.020.0%0.020.0%0.020.0%0.020.0%0.020.0%0.010.0%
Usd Total Gains Per Share0.140.1%0.140.1%0.130.1%0.140.1%0.130.0%0.100.0%
Usd Price Per Share2.33-2.33-2.48-3.16-2.75-1.94-
Price to Earnings Ratio17.46-17.46-18.92-22.94-22.56-45.99-
Price-to-Total Gains Ratio17.15-17.15-18.57-22.62-21.58-26.79-
Price to Book Ratio2.04-2.04-2.41-3.17-3.07-3.03-
Price-to-Total Gains Ratio17.15-17.15-18.57-22.62-21.58-26.79-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.08295
Number of shares324
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.02
Usd Book Value Change Per Share0.110.11
Usd Total Gains Per Share0.140.13
Gains per Quarter (324 shares)43.9741.09
Gains per Year (324 shares)175.89164.37
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
13014616622143154
26029234244285318
39043751865428482
412158369487570646
5151729870109713810
61818751046131856974
7211102012221529981138
82411166139817411411302
92711312157419612831466
103011458175021814261630

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.02.00.083.3%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.01.00.091.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.00.04.060.0%6.00.06.050.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.01.00.091.7%
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3.2. Key Performance Indicators

The key performance indicators of VARDHMAN SPECIAL STEELS LTD. compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--9.6129.6120%9.438+2%9.909-3%9.403+2%7.682+25%
Book Value Per Share--97.62597.6250%88.012+11%88.070+11%77.663+26%57.088+71%
Current Ratio--2.1112.1110%2.381-11%2.223-5%2.206-4%1.781+19%
Debt To Asset Ratio--0.2980.2980%0.308-3%0.327-9%0.362-18%0.475-37%
Debt To Equity Ratio--0.4240.4240%0.445-5%0.491-14%0.576-26%1.071-60%
Dividend Per Share--1.9871.9870%1.983+0%1.900+5%1.436+38%0.792+151%
Enterprise Value--12876785939.20012876785939.2000%14132489081.600-9%18569735157.067-31%15700424030.720-18%9720856948.480+32%
Eps--11.38911.3890%11.211+2%11.630-2%10.525+8%6.167+85%
Ev To Sales Ratio--0.7300.7300%0.851-14%1.078-32%1.036-30%0.754-3%
Free Cash Flow Per Share--0.9890.9890%9.108-89%5.192-81%5.595-82%3.543-72%
Free Cash Flow To Equity Per Share--0.9890.9890%9.108-89%3.174-69%1.304-24%0.877+13%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--85.947----------
Intrinsic Value_10Y_min---56.697----------
Intrinsic Value_1Y_max--6.260----------
Intrinsic Value_1Y_min--1.230----------
Intrinsic Value_3Y_max--20.601----------
Intrinsic Value_3Y_min---2.268----------
Intrinsic Value_5Y_max--37.104----------
Intrinsic Value_5Y_min---12.277----------
Market Cap21536723496.000+25%16256758939.20016256758939.2000%17335632081.600-6%22058456490.400-26%19212229830.720-15%13547294448.480+20%
Net Profit Margin--0.0530.0530%0.055-4%0.055-5%0.058-8%0.038+40%
Operating Margin----0%-0%0.028-100%0.060-100%0.055-100%
Operating Ratio--1.5491.5490%1.542+0%1.5550%1.593-3%1.615-4%
Pb Ratio2.699+25%2.0372.0370%2.410-15%3.174-36%3.066-34%3.027-33%
Pe Ratio23.136+25%17.46417.4640%18.920-8%22.940-24%22.557-23%45.986-62%
Price Per Share263.500+25%198.900198.9000%212.100-6%269.883-26%235.060-15%165.750+20%
Price To Free Cash Flow Ratio266.557+25%201.207201.2070%23.287+764%99.082+103%78.144+157%-23.934+112%
Price To Total Gains Ratio22.716+25%17.14717.1470%18.571-8%22.617-24%21.584-21%26.788-36%
Quick Ratio--0.9770.9770%1.005-3%0.974+0%1.015-4%0.855+14%
Return On Assets--0.0820.0820%0.088-7%0.089-8%0.086-5%0.054+53%
Return On Equity--0.1170.1170%0.127-8%0.133-13%0.136-14%0.094+24%
Total Gains Per Share--11.60011.6000%11.421+2%11.809-2%10.840+7%8.474+37%
Usd Book Value--93356429.40093356429.4000%84164488.200+11%84219985.200+11%74267165.700+26%54592163.730+71%
Usd Book Value Change Per Share--0.1120.1120%0.110+2%0.116-3%0.110+2%0.090+25%
Usd Book Value Per Share--1.1421.1420%1.030+11%1.030+11%0.909+26%0.668+71%
Usd Dividend Per Share--0.0230.0230%0.023+0%0.022+5%0.017+38%0.009+151%
Usd Enterprise Value--150658395.489150658395.4890%165350122.255-9%217265901.338-31%183694961.159-18%113734026.297+32%
Usd Eps--0.1330.1330%0.131+2%0.136-2%0.123+8%0.072+85%
Usd Free Cash Flow--945313.200945313.2000%8709807.600-89%4965062.700-81%5350281.300-82%3388576.230-72%
Usd Free Cash Flow Per Share--0.0120.0120%0.107-89%0.061-81%0.065-82%0.041-72%
Usd Free Cash Flow To Equity Per Share--0.0120.0120%0.107-89%0.037-69%0.015-24%0.010+13%
Usd Market Cap251979664.903+25%190204079.589190204079.5890%202826895.355-6%258083940.938-26%224783089.019-15%158503345.047+20%
Usd Price Per Share3.083+25%2.3272.3270%2.482-6%3.158-26%2.750-15%1.939+20%
Usd Profit--10891307.70010891307.7000%10720476.000+2%11121392.100-2%10064552.940+8%5897321.820+85%
Usd Revenue--206435771.100206435771.1000%194379038.100+6%201269589.300+3%174195779.940+19%135627124.230+52%
Usd Total Gains Per Share--0.1360.1360%0.134+2%0.138-2%0.127+7%0.099+37%
 EOD+4 -4MRQTTM+0 -0YOY+18 -193Y+13 -255Y+19 -1910Y+30 -8

3.3 Fundamental Score

Let's check the fundamental score of VARDHMAN SPECIAL STEELS LTD. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1523.136
Price to Book Ratio (EOD)Between0-12.699
Net Profit Margin (MRQ)Greater than00.053
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.977
Current Ratio (MRQ)Greater than12.111
Debt to Asset Ratio (MRQ)Less than10.298
Debt to Equity Ratio (MRQ)Less than10.424
Return on Equity (MRQ)Greater than0.150.117
Return on Assets (MRQ)Greater than0.050.082
Total5/10 (50.0%)

3.4 Technical Score

Let's check the technical score of VARDHMAN SPECIAL STEELS LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.644
Ma 20Greater thanMa 50258.380
Ma 50Greater thanMa 100255.960
Ma 100Greater thanMa 200231.824
OpenGreater thanClose250.100
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About VARDHMAN SPECIAL STEELS LTD.

Vardhman Special Steels Limited engages in the manufacture and sale of billets, steel bars, and bright bars of various categories of special and alloy steels in India and internationally. Its customers include passenger vehicles, two wheelers, commercial vehicles, tractors, and railways, as well as engineering, bearing, and allied industries. The company Limited was founded in 1973 and is headquartered in Ludhiana, India.

Fundamental data was last updated by Penke on 2025-06-11 11:47:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit VARDHMAN SPECIAL STEELS LTD. earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare VARDHMAN SPECIAL STEELS LTD. to the Steel industry mean.
  • A Net Profit Margin of 5.3% means that ₹0.05 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of VARDHMAN SPECIAL STEELS LTD.:

  • The MRQ is 5.3%. The company is making a profit. +1
  • The TTM is 5.3%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.3%TTM5.3%0.0%
TTM5.3%YOY5.5%-0.2%
TTM5.3%5Y5.8%-0.5%
5Y5.8%10Y3.8%+2.0%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ5.3%1.8%+3.5%
TTM5.3%1.7%+3.6%
YOY5.5%2.8%+2.7%
3Y5.5%2.7%+2.8%
5Y5.8%3.8%+2.0%
10Y3.8%2.8%+1.0%
4.3.1.2. Return on Assets

Shows how efficient VARDHMAN SPECIAL STEELS LTD. is using its assets to generate profit.

  • Above 5% is considered healthy but always compare VARDHMAN SPECIAL STEELS LTD. to the Steel industry mean.
  • 8.2% Return on Assets means that VARDHMAN SPECIAL STEELS LTD. generated ₹0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of VARDHMAN SPECIAL STEELS LTD.:

  • The MRQ is 8.2%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 8.2%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ8.2%TTM8.2%0.0%
TTM8.2%YOY8.8%-0.6%
TTM8.2%5Y8.6%-0.4%
5Y8.6%10Y5.4%+3.3%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ8.2%0.7%+7.5%
TTM8.2%0.5%+7.7%
YOY8.8%1.0%+7.8%
3Y8.9%1.0%+7.9%
5Y8.6%1.6%+7.0%
10Y5.4%1.1%+4.3%
4.3.1.3. Return on Equity

Shows how efficient VARDHMAN SPECIAL STEELS LTD. is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare VARDHMAN SPECIAL STEELS LTD. to the Steel industry mean.
  • 11.7% Return on Equity means VARDHMAN SPECIAL STEELS LTD. generated ₹0.12 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of VARDHMAN SPECIAL STEELS LTD.:

  • The MRQ is 11.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 11.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ11.7%TTM11.7%0.0%
TTM11.7%YOY12.7%-1.1%
TTM11.7%5Y13.6%-1.9%
5Y13.6%10Y9.4%+4.1%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ11.7%1.2%+10.5%
TTM11.7%1.1%+10.6%
YOY12.7%1.9%+10.8%
3Y13.3%1.8%+11.5%
5Y13.6%3.0%+10.6%
10Y9.4%2.0%+7.4%
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4.3.2. Operating Efficiency of VARDHMAN SPECIAL STEELS LTD..

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient VARDHMAN SPECIAL STEELS LTD. is operating .

  • Measures how much profit VARDHMAN SPECIAL STEELS LTD. makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare VARDHMAN SPECIAL STEELS LTD. to the Steel industry mean.
  • An Operating Margin of 0.0% means the company generated ₹0.00  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of VARDHMAN SPECIAL STEELS LTD.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y6.0%-6.0%
5Y6.0%10Y5.5%+0.5%
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.0%-6.0%
TTM-4.7%-4.7%
YOY-3.1%-3.1%
3Y2.8%2.6%+0.2%
5Y6.0%4.5%+1.5%
10Y5.5%4.2%+1.3%
4.3.2.2. Operating Ratio

Measures how efficient VARDHMAN SPECIAL STEELS LTD. is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Steel industry mean).
  • An Operation Ratio of 1.55 means that the operating costs are ₹1.55 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of VARDHMAN SPECIAL STEELS LTD.:

  • The MRQ is 1.549. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.549. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.549TTM1.5490.000
TTM1.549YOY1.542+0.007
TTM1.5495Y1.593-0.044
5Y1.59310Y1.615-0.022
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5491.724-0.175
TTM1.5491.558-0.009
YOY1.5421.048+0.494
3Y1.5551.268+0.287
5Y1.5931.167+0.426
10Y1.6151.109+0.506
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4.4.3. Liquidity of VARDHMAN SPECIAL STEELS LTD..

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if VARDHMAN SPECIAL STEELS LTD. is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Steel industry mean).
  • A Current Ratio of 2.11 means the company has ₹2.11 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of VARDHMAN SPECIAL STEELS LTD.:

  • The MRQ is 2.111. The company is able to pay all its short-term debts. +1
  • The TTM is 2.111. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.111TTM2.1110.000
TTM2.111YOY2.381-0.270
TTM2.1115Y2.206-0.095
5Y2.20610Y1.781+0.425
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1111.621+0.490
TTM2.1111.599+0.512
YOY2.3811.764+0.617
3Y2.2231.747+0.476
5Y2.2061.705+0.501
10Y1.7811.586+0.195
4.4.3.2. Quick Ratio

Measures if VARDHMAN SPECIAL STEELS LTD. is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare VARDHMAN SPECIAL STEELS LTD. to the Steel industry mean.
  • A Quick Ratio of 0.98 means the company can pay off ₹0.98 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of VARDHMAN SPECIAL STEELS LTD.:

  • The MRQ is 0.977. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.977. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.977TTM0.9770.000
TTM0.977YOY1.005-0.028
TTM0.9775Y1.015-0.038
5Y1.01510Y0.855+0.160
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9770.492+0.485
TTM0.9770.563+0.414
YOY1.0050.736+0.269
3Y0.9740.694+0.280
5Y1.0150.742+0.273
10Y0.8550.715+0.140
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4.5.4. Solvency of VARDHMAN SPECIAL STEELS LTD..

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of VARDHMAN SPECIAL STEELS LTD. assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare VARDHMAN SPECIAL STEELS LTD. to Steel industry mean.
  • A Debt to Asset Ratio of 0.30 means that VARDHMAN SPECIAL STEELS LTD. assets are financed with 29.8% credit (debt) and the remaining percentage (100% - 29.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of VARDHMAN SPECIAL STEELS LTD.:

  • The MRQ is 0.298. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.298. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.298TTM0.2980.000
TTM0.298YOY0.308-0.011
TTM0.2985Y0.362-0.064
5Y0.36210Y0.475-0.113
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2980.449-0.151
TTM0.2980.443-0.145
YOY0.3080.447-0.139
3Y0.3270.458-0.131
5Y0.3620.466-0.104
10Y0.4750.494-0.019
4.5.4.2. Debt to Equity Ratio

Measures if VARDHMAN SPECIAL STEELS LTD. is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare VARDHMAN SPECIAL STEELS LTD. to the Steel industry mean.
  • A Debt to Equity ratio of 42.4% means that company has ₹0.42 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of VARDHMAN SPECIAL STEELS LTD.:

  • The MRQ is 0.424. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.424. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.424TTM0.4240.000
TTM0.424YOY0.445-0.022
TTM0.4245Y0.576-0.152
5Y0.57610Y1.071-0.495
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4240.814-0.390
TTM0.4240.805-0.381
YOY0.4450.805-0.360
3Y0.4910.871-0.380
5Y0.5760.910-0.334
10Y1.0711.075-0.004
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings VARDHMAN SPECIAL STEELS LTD. generates.

  • Above 15 is considered overpriced but always compare VARDHMAN SPECIAL STEELS LTD. to the Steel industry mean.
  • A PE ratio of 17.46 means the investor is paying ₹17.46 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of VARDHMAN SPECIAL STEELS LTD.:

  • The EOD is 23.136. Based on the earnings, the company is fair priced.
  • The MRQ is 17.464. Based on the earnings, the company is fair priced.
  • The TTM is 17.464. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD23.136MRQ17.464+5.672
MRQ17.464TTM17.4640.000
TTM17.464YOY18.920-1.456
TTM17.4645Y22.557-5.093
5Y22.55710Y45.986-23.430
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD23.13610.167+12.969
MRQ17.4649.924+7.540
TTM17.4649.899+7.565
YOY18.9208.251+10.669
3Y22.9409.058+13.882
5Y22.5578.955+13.602
10Y45.98610.307+35.679
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of VARDHMAN SPECIAL STEELS LTD.:

  • The EOD is 266.557. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 201.207. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 201.207. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD266.557MRQ201.207+65.349
MRQ201.207TTM201.2070.000
TTM201.207YOY23.287+177.920
TTM201.2075Y78.144+123.063
5Y78.14410Y-23.934+102.078
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD266.557-0.161+266.718
MRQ201.207-0.394+201.601
TTM201.2071.462+199.745
YOY23.2871.252+22.035
3Y99.0821.303+97.779
5Y78.1441.436+76.708
10Y-23.9341.064-24.998
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of VARDHMAN SPECIAL STEELS LTD. is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Steel industry mean).
  • A PB ratio of 2.04 means the investor is paying ₹2.04 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of VARDHMAN SPECIAL STEELS LTD.:

  • The EOD is 2.699. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.037. Based on the equity, the company is underpriced. +1
  • The TTM is 2.037. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.699MRQ2.037+0.662
MRQ2.037TTM2.0370.000
TTM2.037YOY2.410-0.372
TTM2.0375Y3.066-1.028
5Y3.06610Y3.027+0.039
Compared to industry (Steel)
PeriodCompanyIndustry (mean)+/- 
EOD2.6990.825+1.874
MRQ2.0370.838+1.199
TTM2.0370.822+1.215
YOY2.4100.970+1.440
3Y3.1740.966+2.208
5Y3.0661.024+2.042
10Y3.0271.157+1.870
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets11,359,155
Total Liabilities3,379,973
Total Stockholder Equity7,979,182
 As reported
Total Liabilities 3,379,973
Total Stockholder Equity+ 7,979,182
Total Assets = 11,359,155

Assets

Total Assets11,359,155
Total Current Assets6,611,520
Long-term Assets4,747,635
Total Current Assets
Cash And Cash Equivalents 107,568
Short-term Investments 446,593
Net Receivables 2,613,008
Inventory 3,349,738
Other Current Assets 73,306
Total Current Assets  (as reported)6,611,520
Total Current Assets  (calculated)6,590,213
+/- 21,307
Long-term Assets
Property Plant Equipment 4,257,191
Intangible Assets 215
Long-term Assets Other 354,948
Long-term Assets  (as reported)4,747,635
Long-term Assets  (calculated)4,612,354
+/- 135,281

Liabilities & Shareholders' Equity

Total Current Liabilities3,132,161
Long-term Liabilities247,812
Total Stockholder Equity7,979,182
Total Current Liabilities
Short Long Term Debt 1,164,329
Accounts payable 1,393,028
Other Current Liabilities 163,861
Total Current Liabilities  (as reported)3,132,161
Total Current Liabilities  (calculated)2,721,218
+/- 410,943
Long-term Liabilities
Long term Debt 32,955
Capital Lease Obligations Min Short Term Debt5,756
Long-term Liabilities Other 3,919
Long-term Liabilities  (as reported)247,812
Long-term Liabilities  (calculated)42,630
+/- 205,182
Total Stockholder Equity
Total Stockholder Equity (as reported)7,979,182
Total Stockholder Equity (calculated)0
+/- 7,979,182
Other
Capital Stock817,333
Common Stock Shares Outstanding 81,733
Net Debt 1,089,716
Net Invested Capital 9,176,466
Net Working Capital 3,479,359
Property Plant and Equipment Gross 4,257,191



6.2. Balance Sheets Structured

Currency in INR. All numbers in thousands.

 Trend2025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
5,640,319
6,149,280
6,138,266
6,126,742
6,766,549
8,893,291
7,702,362
8,027,324
9,208,778
10,305,188
10,396,689
11,359,155
11,359,15510,396,68910,305,1889,208,7788,027,3247,702,3628,893,2916,766,5496,126,7426,138,2666,149,2805,640,319
   > Total Current Assets 
2,999,209
3,501,963
3,472,303
3,350,789
3,880,899
5,458,223
3,608,679
4,822,787
5,967,250
6,986,265
6,742,819
6,611,520
6,611,5206,742,8196,986,2655,967,2504,822,7873,608,6795,458,2233,880,8993,350,7893,472,3033,501,9632,999,209
       Cash And Cash Equivalents 
138,984
86,485
37,906
59,464
74,850
2,843
23,031
23,400
2,710
95,350
76,403
107,568
107,56876,40395,3502,71023,40023,0312,84374,85059,46437,90686,485138,984
       Short-term Investments 
0
0
10,579
11,224
81,601
77
50,035
500,000
310,800
400,115
224,911
446,593
446,593224,911400,115310,800500,00050,0357781,60111,22410,57900
       Net Receivables 
1,236,770
1,795,402
1,957,063
1,912,432
2,040,420
2,077,897
1,798,943
2,243,005
2,218,629
2,615,459
2,621,741
2,613,008
2,613,0082,621,7412,615,4592,218,6292,243,0051,798,9432,077,8972,040,4201,912,4321,957,0631,795,4021,236,770
       Inventory 
1,193,122
1,328,898
1,069,038
1,178,309
1,645,547
3,359,956
1,559,886
1,964,119
3,146,843
3,742,900
3,561,724
3,349,738
3,349,7383,561,7243,742,9003,146,8431,964,1191,559,8863,359,9561,645,5471,178,3091,069,0381,328,8981,193,122
       Other Current Assets 
427,604
282,905
392,406
189,169
33,101
6,732
118,480
3,878
3,873
8,855
171,454
73,306
73,306171,4548,8553,8733,878118,4806,73233,101189,169392,406282,905427,604
   > Long-term Assets 
0
0
0
2,775,953
2,788,351
3,435,068
4,093,683
3,204,537
3,241,528
3,318,923
3,653,870
4,747,635
4,747,6353,653,8703,318,9233,241,5283,204,5374,093,6833,435,0682,788,3512,775,953000
       Property Plant Equipment 
2,399,274
2,507,755
2,523,564
2,652,920
2,562,566
3,120,917
3,221,855
2,951,423
3,019,582
3,055,915
3,415,570
4,257,191
4,257,1913,415,5703,055,9153,019,5822,951,4233,221,8553,120,9172,562,5662,652,9202,523,5642,507,7552,399,274
       Long Term Investments 
167,527
40,822
14,197
6,787
0
0
0
0
0
0
0
0
000000006,78714,19740,822167,527
       Intangible Assets 
0
0
3,520
3,862
2,900
3,023
2,543
1,320
847
431
376
215
2153764318471,3202,5433,0232,9003,8623,52000
       Long-term Assets Other 
0
0
0
107,742
1
3,435,068
0
128,781
1
202,630
339,876
354,948
354,948339,876202,6301128,78103,435,0681107,742000
> Total Liabilities 
3,783,134
4,448,874
4,346,558
4,145,933
3,373,388
5,273,406
3,566,061
3,433,691
3,659,174
3,883,048
3,203,143
3,379,973
3,379,9733,203,1433,883,0483,659,1743,433,6913,566,0615,273,4063,373,3884,145,9334,346,5584,448,8743,783,134
   > Total Current Liabilities 
2,778,585
3,397,500
3,048,672
2,981,380
2,350,048
3,908,093
2,456,555
2,305,020
2,628,782
3,208,549
2,832,244
3,132,161
3,132,1612,832,2443,208,5492,628,7822,305,0202,456,5553,908,0932,350,0482,981,3803,048,6723,397,5002,778,585
       Short-term Debt 
2,947,815
69,386
416,800
1,387,147
1,266,723
1,984,706
0
0
0
0
0
0
0000001,984,7061,266,7231,387,147416,80069,3862,947,815
       Short Long Term Debt 
2,947,815
69,386
416,800
1,387,147
1,266,723
1,984,706
1,567,902
798,145
820,313
988,959
688,419
1,164,329
1,164,329688,419988,959820,313798,1451,567,9021,984,7061,266,7231,387,147416,80069,3862,947,815
       Accounts payable 
420,249
515,710
409,968
349,094
606,080
1,634,963
617,259
1,301,799
1,474,771
1,855,615
1,744,889
1,393,028
1,393,0281,744,8891,855,6151,474,7711,301,799617,2591,634,963606,080349,094409,968515,710420,249
       Other Current Liabilities 
96,838
59,113
48,396
85,166
24,586
83,855
35,169
29,041
93,173
72,611
10,700
163,861
163,86110,70072,61193,17329,04135,16983,85524,58685,16648,39659,11396,838
   > Long-term Liabilities 
0
0
0
1,164,553
1,023,340
1,365,313
1,109,506
1,128,671
1,030,392
674,499
370,899
247,812
247,812370,899674,4991,030,3921,128,6711,109,5061,365,3131,023,3401,164,553000
       Capital Lease Obligations 
0
0
0
0
0
0
16,373
10,510
10,486
9,281
7,654
5,756
5,7567,6549,28110,48610,51016,373000000
       Long-term Liabilities Other 
0
0
0
1,972
290
2,514
2,322
1,929
4,620
4,750
4,347
3,919
3,9194,3474,7504,6201,9292,3222,5142901,972000
> Total Stockholder Equity
1,857,185
1,700,406
1,791,708
1,980,809
3,393,161
3,619,885
4,136,301
4,593,633
5,549,604
6,422,140
7,193,546
7,979,182
7,979,1827,193,5466,422,1405,549,6044,593,6334,136,3013,619,8853,393,1611,980,8091,791,7081,700,4061,857,185
   Common Stock
185,554
185,554
185,554
185,554
356,974
357,586
403,945
405,070
405,612
0
0
0
000405,612405,070403,945357,586356,974185,554185,554185,554185,554
   Retained Earnings 
1,671,631
1,514,852
1,607,807
1,799,175
2,042,641
2,262,842
2,288,387
2,737,085
3,685,703
4,545,425
3,911,895
0
03,911,8954,545,4253,685,7032,737,0852,288,3872,262,8422,042,6411,799,1751,607,8071,514,8521,671,631
   Capital Surplus 000000000000
   Treasury Stock000000000000
   Other Stockholders Equity 
0
0
-1,653
-3,920
5,513
6,708
6,776
4,604
6,390
12,434
0
0
0012,4346,3904,6046,7766,7085,513-3,920-1,65300



6.3. Balance Sheets

Currency in INR. All numbers in thousands.




6.4. Cash Flows

Currency in INR. All numbers in thousands.




6.5. Income Statements

Currency in INR. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2025-03-31. Currency in INR. All numbers in thousands.

Gross Profit (+$)
totalRevenue17,644,083
Cost of Revenue-10,829,311
Gross Profit6,814,7726,814,772
 
Operating Income (+$)
Gross Profit6,814,772
Operating Expense-16,498,354
Operating Income1,145,729-9,683,582
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense16,498,3540
 
Net Interest Income (+$)
Interest Income0
Interest Expense-186,271
Other Finance Cost-0
Net Interest Income-186,271
 
Pretax Income (+$)
Operating Income1,145,729
Net Interest Income-186,271
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,250,6061,145,729
EBIT - interestExpense = -186,271
930,881
1,117,152
Interest Expense186,271
Earnings Before Interest and Taxes (EBIT)01,436,877
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax1,250,606
Tax Provision-319,725
Net Income From Continuing Ops930,881930,881
Net Income930,881
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0186,271
 

Technical Analysis of VARDHMAN SPECIAL STEELS LTD.
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of VARDHMAN SPECIAL STEELS LTD.. The general trend of VARDHMAN SPECIAL STEELS LTD. is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine VARDHMAN SPECIAL STEELS LTD.'s overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. VARDHMAN SPECIAL STEELS LTD. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of VARDHMAN SPECIAL STEELS LTD..

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 286.90 < 290.00 < 295.00.

The bearish price targets are: 211.05 > 185.00 > 178.30.

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VARDHMAN SPECIAL STEELS LTD. Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of VARDHMAN SPECIAL STEELS LTD.. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

VARDHMAN SPECIAL STEELS LTD. Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of VARDHMAN SPECIAL STEELS LTD.. The current macd is 1.4578331.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the VARDHMAN SPECIAL STEELS LTD. price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for VARDHMAN SPECIAL STEELS LTD.. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the VARDHMAN SPECIAL STEELS LTD. price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
VARDHMAN SPECIAL STEELS LTD. Daily Moving Average Convergence/Divergence (MACD) ChartVARDHMAN SPECIAL STEELS LTD. Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of VARDHMAN SPECIAL STEELS LTD.. The current adx is 20.14.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell VARDHMAN SPECIAL STEELS LTD. shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
VARDHMAN SPECIAL STEELS LTD. Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of VARDHMAN SPECIAL STEELS LTD.. The current sar is 215.09.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
VARDHMAN SPECIAL STEELS LTD. Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of VARDHMAN SPECIAL STEELS LTD.. The current rsi is 54.64. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
VARDHMAN SPECIAL STEELS LTD. Daily Relative Strength Index (RSI) ChartVARDHMAN SPECIAL STEELS LTD. Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of VARDHMAN SPECIAL STEELS LTD.. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the VARDHMAN SPECIAL STEELS LTD. price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
VARDHMAN SPECIAL STEELS LTD. Daily Stochastic Oscillator ChartVARDHMAN SPECIAL STEELS LTD. Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of VARDHMAN SPECIAL STEELS LTD.. The current cci is 10.44.

VARDHMAN SPECIAL STEELS LTD. Daily Commodity Channel Index (CCI) ChartVARDHMAN SPECIAL STEELS LTD. Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of VARDHMAN SPECIAL STEELS LTD.. The current cmo is 11.87.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
VARDHMAN SPECIAL STEELS LTD. Daily Chande Momentum Oscillator (CMO) ChartVARDHMAN SPECIAL STEELS LTD. Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of VARDHMAN SPECIAL STEELS LTD.. The current willr is -23.70909091.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that VARDHMAN SPECIAL STEELS LTD. is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
VARDHMAN SPECIAL STEELS LTD. Daily Williams %R ChartVARDHMAN SPECIAL STEELS LTD. Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of VARDHMAN SPECIAL STEELS LTD..

VARDHMAN SPECIAL STEELS LTD. Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of VARDHMAN SPECIAL STEELS LTD.. The current atr is 14.28.

VARDHMAN SPECIAL STEELS LTD. Daily Average True Range (ATR) ChartVARDHMAN SPECIAL STEELS LTD. Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of VARDHMAN SPECIAL STEELS LTD.. The current obv is 1,156,979.

VARDHMAN SPECIAL STEELS LTD. Daily On-Balance Volume (OBV) ChartVARDHMAN SPECIAL STEELS LTD. Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of VARDHMAN SPECIAL STEELS LTD.. The current mfi is 46.46.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
VARDHMAN SPECIAL STEELS LTD. Daily Money Flow Index (MFI) ChartVARDHMAN SPECIAL STEELS LTD. Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for VARDHMAN SPECIAL STEELS LTD..

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-02-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-18STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-02-24STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-28WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-03-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-17STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-03-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-03-25STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-04-03WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-04STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-09STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-04-16BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-04-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-24ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-04-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-05-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-05-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-05-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-22STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-29STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-02RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-06-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-10STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-18STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-19MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-06-24STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-06-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-06-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-06-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

VARDHMAN SPECIAL STEELS LTD. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of VARDHMAN SPECIAL STEELS LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.644
Ma 20Greater thanMa 50258.380
Ma 50Greater thanMa 100255.960
Ma 100Greater thanMa 200231.824
OpenGreater thanClose250.100
Total3/5 (60.0%)
Penke
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