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Vardhman Special SteelsNSE:VSSL +0.32%75 Debt-to-Equity is 0.07 as of Mar. 2026, which is 80% below its 10-year median of 0.35. GuruFocus rates NSE:VSSL with a GF Score™ of 75/100 and a GF Value™ of ₹223.58 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 547 Steel companies, Vardhman Special Steels ranks better than 87.39% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Vardhman Special Steels's Debt-to-Equity or its related term are showing as below:
NSE:VSSL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.35 Max: 1.6
Current: 0.07
During the past 13 years, the highest Debt-to-Equity Ratio of Vardhman Special Steels was 1.60. The lowest was 0.07. And the median was 0.35.
NSE:VSSL's Debt-to-Equity is ranked better than 87.39% of 547
companies
in the Steel industry
Industry Median: 0.4
vs NSE:VSSL: 0.07
Vardhman Special Steels (NSE:VSSL) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Vardhman Special Steels Debt-to-Equity Related Terms
Vardhman Special Steels Debt-to-Equity 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-Equity Comparison
For the Steel subindustry, Vardhman Special Steels's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Vardhman Special Steels's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Vardhman Special Steels's Debt-to-Equity 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.
Vardhman Special Steels (NSE:VSSL) has a Debt-to-Equity of 0.07 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vardhman Special Steels and its competitors. This is 80% below median its historical median of 0.35. Over the past decade, Vardhman Special Steels' Debt-to-Equity has ranged from 0.07 to 1.60. According to the industry distribution chart, Vardhman Special Steels ranks #69 out of 547 companies in the Steel industry, placing it in the top 12.6%.
Is Vardhman Special Steels' Debt-to-Equity too high?
Vardhman Special Steels' current Debt-to-Equity of 0.07 is 80% below median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 1.60. The Steel industry median Debt-to-Equity is 0.40. Vardhman Special Steels' value of 0.07 is 82.5% below this industry median. Based on the distribution chart, Vardhman Special Steels ranks #69 out of 547 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 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Special Steels' Debt-to-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #69 out of 547 companies for Debt-to-Equity. This places Vardhman Special Steels in the top 13% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.40. Vardhman Special Steels' value of 0.07 is 82.5% below this benchmark. Historically, Vardhman Special Steels' own Debt-to-Equity has ranged from 0.07 to 1.60 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.40, 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-Equity for a Steel company?
The median Debt-to-Equity among Steel companies is 0.40, based on 547 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vardhman Special Steels's current Debt-to-Equity of 0.07 is 82.5% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vardhman Special Steels and its competitors. For the Steel industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current Debt-to-Equity is 0.07, which is 80% below median its own 10-year median of 0.35. 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 Significantly Overvalued. The stock's GF Value™ is ₹223.58, compared to a current price of ₹298.35 — trading 33.4% above its estimated fair value. The current Debt-to-Equity is 0.07, which is 80% below median its 10-year median of 0.35 and 82.5% below the Steel industry median of 0.40. 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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current Debt-to-Equity is 0.07 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 ₹298.35 is trading 33.4% above its estimated GF Value™ of ₹223.58.
GuruFocus considers Vardhman Special Steels to be Significantly Overvalued.
Key valuation signals for NSE:VSSL:
Debt-to-Equity: 0.07 (80% below median its 10-year median of 0.35)
GF Value™: ₹223.58 vs. price of ₹298.35 (33.4% above fair value)
Industry Position: 82.5% below the Steel median (#69 of 547)
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
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