A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Vardhman Special Steels's Debt-to-EBITDA or its related term are showing as below:
NSE:VSSL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.45 Med: 1.23 Max: 5.56
Current: 0.45
During the past 13 years, the highest Debt-to-EBITDA Ratio of Vardhman Special Steels was 5.56. The lowest was 0.45. And the median was 1.23.
NSE:VSSL's Debt-to-EBITDA is ranked better than 85.4% of 493
companies
in the Steel industry
Industry Median: 2.86
vs NSE:VSSL: 0.45
Vardhman Special Steels (NSE:VSSL) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Vardhman Special Steels Debt-to-EBITDA Related Terms
Vardhman Special Steels Debt-to-EBITDA Historical Data
* 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.
NSE:VSSL vs NUE, STLD, RS: Debt-to-EBITDA Comparison
For the Steel subindustry, Vardhman Special Steels's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Vardhman Special Steels's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Vardhman Special Steels's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Vardhman Special Steels (NSE:VSSL) has a Debt-to-EBITDA of 0.41 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Vardhman Special Steels. This is 67% below median its historical median of 1.23. Over the past decade, Vardhman Special Steels' Debt-to-EBITDA has ranged from 0.45 to 5.56. According to the industry distribution chart, Vardhman Special Steels ranks #72 out of 493 companies in the Steel industry, placing it in the top 14.6%.
Is Vardhman Special Steels' Debt-to-EBITDA too high?
Vardhman Special Steels' current Debt-to-EBITDA of 0.41 is 67% below median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 5.56. The Steel industry median Debt-to-EBITDA is 2.86. Vardhman Special Steels' value of 0.41 is 85.7% below this industry median. Based on the distribution chart, Vardhman Special Steels ranks #72 out of 493 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Vardhman Special Steels has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Special Steels' Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #72 out of 493 companies for Debt-to-EBITDA. This places Vardhman Special Steels in the top 15% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.86. Vardhman Special Steels' value of 0.41 is 85.7% below this benchmark. Historically, Vardhman Special Steels' own Debt-to-EBITDA has ranged from 0.45 to 5.56 over the past decade. While the company's 10-year median is 1.23 vs. the industry median of 2.86, Vardhman Special Steels has consistently been below 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 Debt-to-EBITDA for a Steel company?
The median Debt-to-EBITDA among Steel companies is 2.86, based on 493 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vardhman Special Steels's current Debt-to-EBITDA of 0.41 is 85.7% below 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Vardhman Special Steels. For the Steel industry, the median Debt-to-EBITDA is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current Debt-to-EBITDA is 0.41, which is 67% below median its own 10-year median of 1.23. 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 ₹223.67, compared to a current price of ₹276.35 — trading 23.6% above its estimated fair value. The current Debt-to-EBITDA is 0.41, which is 67% below median its 10-year median of 1.23 and 85.7% below the Steel industry median of 2.86. Vardhman Special Steels' overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current Debt-to-EBITDA is 0.41 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 ₹276.35 is trading 23.6% above its estimated GF Value™ of ₹223.67.
GuruFocus considers Vardhman Special Steels to be Modestly Overvalued.
Key valuation signals for NSE:VSSL:
Debt-to-EBITDA: 0.41 (67% below median its 10-year median of 1.23)
GF Value™: ₹223.67 vs. price of ₹276.35 (23.6% above fair value)
Industry Position: 85.7% below the Steel median (#72 of 493)
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.
79GF Score
Get the complete analysis for NSE:VSSL
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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