Vardhman Special Steels's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 55.37.
Vardhman Special Steels's Days Inventory for the
three
months ended in Mar. 2026 was 118.44.
Vardhman Special Steels's Days Payable for the
three
months ended in Mar. 2026 was 62.3.
Therefore, Vardhman Special Steels's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 111.51.
Vardhman Special Steels (NSE:VSSL) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Vardhman Special Steels Cash Conversion Cycle Related Terms
Vardhman Special Steels Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Vardhman Special Steels's Cash Conversion Cycle can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Vardhman Special Steels Cash Conversion Cycle Chart
NSE:VSSL vs NUE, STLD, RS: Cash Conversion Cycle Comparison
For the Steel subindustry, Vardhman Special Steels's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Vardhman Special Steels Cash Conversion Cycle vs Steel Industry
For the Steel industry and Basic Materials sector, Vardhman Special Steels's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Vardhman Special Steels's Cash Conversion Cycle falls into.
Vardhman Special Steels Cash Conversion Cycle Calculation
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Vardhman Special Steels's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Vardhman Special Steels (NSE:VSSL) has a Cash Conversion Cycle of 111.51 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Vardhman Special Steels and its competitors.
Is Vardhman Special Steels' Cash Conversion Cycle too high?
Vardhman Special Steels' current Cash Conversion Cycle is 111.51. The Steel industry median Cash Conversion Cycle is 94.50. Vardhman Special Steels' value of 111.51 is 18% above this industry median. Overall, Vardhman Special Steels has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Special Steels' Cash Conversion Cycle compare to NUE and STLD?
Vardhman Special Steels' Cash Conversion Cycle of 111.51 can be compared against companies in the Steel industry. The industry median Cash Conversion Cycle is 94.50. Vardhman Special Steels' value of 111.51 is 18% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Steel company?
The median Cash Conversion Cycle among Steel companies is 94.50, based on 614 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vardhman Special Steels's current Cash Conversion Cycle of 111.51 is 18% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Vardhman Special Steels and its competitors. For the Steel industry, the median Cash Conversion Cycle is 94.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current Cash Conversion Cycle is 111.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vardhman Special Steels stock overvalued right now?
Based on GuruFocus' analysis, Vardhman Special Steels (NSE:VSSL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹224.05, compared to a current price of ₹282.90 — trading 26.3% above its estimated fair value. The current Cash Conversion Cycle is 111.51 and 18% above the Steel industry median of 94.50. Vardhman Special Steels' overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current Cash Conversion Cycle is 111.51 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vardhman Special Steels (NSE:VSSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vardhman Special Steels stock appears to be overvalued.
The current stock price of ₹282.90 is trading 26.3% above its estimated GF Value™ of ₹224.05.
GuruFocus considers Vardhman Special Steels to be Modestly Overvalued.
Key valuation signals for NSE:VSSL:
Cash Conversion Cycle: 111.51
GF Value™: ₹224.05 vs. price of ₹282.90 (26.3% above fair value)
No single metric tells the full story. See the NSE:VSSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vardhman Special Steels Ltd is engaged in manufacturing steel bars and rods. The company caters to diverse requirements of hot-rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries. Its products include Carbon steel, Carbon manganese steel, Chrome steel, Chrome manganese steel, Chrome moly steel, Boron steel, Vanadium steel, and Ball bearing steel. The company manufactures products using techniques such as Steel melting, Rolling Mill, Heat treatment and Bright bar shop. It generates a majority of its revenue from the sale of black bars. The company's operations are mainly located within India and also has a presence outside India.
75GF Score
Get the complete analysis for NSE:VSSL
Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:VSSL has been successfully added to your 
