Vardhman Special Steels (NSE:VSSL) Days Inventory: 118.44 (As of Mar. 2026) — 30% Above Median


NSE:VSSL Vardhman Special Steels Ltd NSE:VSSL
75 GF Score
Price ₹282.90
GF Value ₹223.13
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Vardhman Special Steels Days Inventory?

Vardhman Special Steels NSE:VSSL -0.58% 75 Days Inventory is 118.44 as of Mar. 2026, which is 30% above its 10-year median of 90.76. GuruFocus rates NSE:VSSL with a GF Score™ of 75/100 and a GF Value™ of ₹223.13 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 586 Steel companies, Vardhman Special Steels ranks worse than 69.97% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Vardhman Special Steels's Average Total Inventories for the three months ended in Mar. 2026 was ₹3,502 Mil. Vardhman Special Steels's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,698 Mil. Hence, Vardhman Special Steels's Days Inventory for the three months ended in Mar. 2026 was 118.44.

The historical rank and industry rank for Vardhman Special Steels's Days Inventory or its related term are showing as below:

NSE:VSSL' s Days Inventory Range Over the Past 10 Years
Min: 74.38   Med: 90.76   Max: 121.64
Current: 121.13

During the past 13 years, Vardhman Special Steels's highest Days Inventory was 121.64. The lowest was 74.38. And the median was 90.76.

NSE:VSSL's Days Inventory is ranked worse than
69.97% of 586 companies
in the Steel industry
Industry Median: 86.96 vs NSE:VSSL: 121.13

Vardhman Special Steels's Days Inventory increased from Mar. 2025 (113.28) to Mar. 2026 (118.44). It might indicate that Vardhman Special Steels's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vardhman Special Steels's Inventory Turnover for the three months ended in Mar. 2026 was 0.77.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Vardhman Special Steels's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.76.


Vardhman Special Steels  (NSE:VSSL) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Vardhman Special Steels's Inventory Turnover for the three months ended in Mar. 2026 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Vardhman Special Steels's Inventory to Revenue for the three months 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Vardhman Special Steels Days Inventory Related Terms


Vardhman Special Steels Days Inventory Historical Data

* Premium members only.

The historical data trend for Vardhman Special Steels's Days Inventory 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 Days Inventory Chart

Vardhman Special Steels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.02 86.13 99.93 116.47 120.70

Vardhman Special Steels Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 113.28 113.15 126.98 127.79 118.44

NSE:VSSL vs NUE, STLD, RS: Days Inventory Comparison

For the Steel subindustry, Vardhman Special Steels's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory vs Steel Industry

For the Steel industry and Basic Materials sector, Vardhman Special Steels's Days Inventory distribution charts can be found below:

* The bar in red indicates where Vardhman Special Steels's Days Inventory falls into.


NSE:VSSL
75GF Score
Vardhman Special Steels Ltd NSE:VSSL
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Vardhman Special Steels Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Vardhman Special Steels's Days Inventory for the fiscal year that ended in Mar. 2026 is calculated as

Days Inventory (A: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (3349.738 + 3502.413) / 2 ) / 10360.576*365
=3426.0755 / 10360.576*365
=120.70

Vardhman Special Steels's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 3502.413) / 1 ) / 2698.326*365 / 4
=3502.413 / 2698.326*365 / 4
=118.44

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 118.44 mean?
Vardhman Special Steels (NSE:VSSL) has a Days Inventory of 118.44 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Vardhman Special Steels and its competitors. This is 30% above median its historical median of 90.76. Over the past decade, Vardhman Special Steels' Days Inventory has ranged from 74.38 to 121.64. According to the industry distribution chart, Vardhman Special Steels ranks #410 out of 586 companies in the Steel industry, placing it in the top 70%.
Is Vardhman Special Steels' Days Inventory too high?
Vardhman Special Steels' current Days Inventory of 118.44 is 30% above median its 10-year median of 90.76. Over the past 10 years, this metric has ranged from a low of 74.38 to a high of 121.64. The Steel industry median Days Inventory is 86.96. Vardhman Special Steels' value of 118.44 is 36.2% above this industry median. Based on the distribution chart, Vardhman Special Steels ranks #410 out of 586 companies in the Steel industry, which is below the industry midpoint. 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' Days Inventory compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #410 out of 586 companies for Days Inventory. This places Vardhman Special Steels in the lower half of its industry. The industry median Days Inventory is 86.96. Vardhman Special Steels' value of 118.44 is 36.2% above this benchmark. Historically, Vardhman Special Steels' own Days Inventory has ranged from 74.38 to 121.64 over the past decade. While the company's 10-year median is 90.76 vs. the industry median of 86.96, Vardhman Special Steels has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Steel company?
The median Days Inventory among Steel companies is 86.96, based on 586 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vardhman Special Steels's current Days Inventory of 118.44 is 36.2% 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 Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Vardhman Special Steels and its competitors. For the Steel industry, the median Days Inventory is 86.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current Days Inventory is 118.44, which is 30% above median its own 10-year median of 90.76. 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 ₹223.13, compared to a current price of ₹282.90 — trading 26.8% above its estimated fair value. The current Days Inventory is 118.44, which is 30% above median its 10-year median of 90.76 and 36.2% above the Steel industry median of 86.96. 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 Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current Days Inventory is 118.44 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 26.8% above its estimated GF Value™ of ₹223.13. GuruFocus considers Vardhman Special Steels to be Modestly Overvalued.

Key valuation signals for NSE:VSSL:

  • Days Inventory: 118.44 (30% above median its 10-year median of 90.76)
  • GF Value™: ₹223.13 vs. price of ₹282.90 (26.8% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 36.2% above the Steel median (#410 of 586)

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 Business Description

Other Exchanges 534392:India
Address Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141 010
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

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹282.90
Price
₹223.13
GF Value