Vardhman Special Steels (NSE:VSSL) EBITDA Margin %: 12.35% (As of Mar. 2026) — 21% Above Median


NSE:VSSL Vardhman Special Steels Ltd NSE:VSSL
75 GF Score
Price ₹282.90
GF Value ₹224.05
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Vardhman Special Steels EBITDA Margin %?

Vardhman Special Steels NSE:VSSL -0.58% 75 EBITDA Margin % is 12.35% as of Mar. 2026, which is 21% above its 10-year median of 10.22. GuruFocus rates NSE:VSSL with a GF Score™ of 75/100 and a GF Value™ of ₹224.05 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 615 Steel companies, Vardhman Special Steels ranks better than 74.47% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Vardhman Special Steels's EBITDA for the three months ended in Mar. 2026 was ₹565 Mil. Vardhman Special Steels's Revenue for the three months ended in Mar. 2026 was ₹4,579 Mil. Therefore, Vardhman Special Steels's EBITDA margin for the quarter that ended in Mar. 2026 was 12.35%.


Vardhman Special Steels  (NSE:VSSL) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Vardhman Special Steels EBITDA Margin % Related Terms


Vardhman Special Steels EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Vardhman Special Steels's EBITDA Margin % 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 EBITDA Margin % Chart

Vardhman Special Steels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.90 10.40 10.39 10.04 11.90

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
EBITDA Margin % 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 9.02 9.07 13.07 13.12 12.35

NSE:VSSL vs NUE, STLD, RS: EBITDA Margin % Comparison

For the Steel subindustry, Vardhman Special Steels's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Steel Industry

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

* The bar in red indicates where Vardhman Special Steels's EBITDA Margin % falls into.


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

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Vardhman Special Steels's EBITDA Margin % for the fiscal year that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=2088.22/17544.331
=11.90 %

Vardhman Special Steels's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=565.414/4579.154
=12.35 %

* 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 EBITDA Margin % →
What does a EBITDA Margin % of 12.35% mean?
Vardhman Special Steels (NSE:VSSL) has a EBITDA Margin % of 12.35% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Vardhman Special Steels and its competitors. This is 21% above median its historical median of 10.22. Over the past decade, Vardhman Special Steels' EBITDA Margin % has ranged from 5.70 to 14.90. According to the industry distribution chart, Vardhman Special Steels ranks #157 out of 615 companies in the Steel industry, placing it in the top 25.5%.
Is Vardhman Special Steels' EBITDA Margin % too high?
Vardhman Special Steels' current EBITDA Margin % of 12.35% is 21% above median its 10-year median of 10.22. Over the past 10 years, this metric has ranged from a low of 5.70 to a high of 14.90. The Steel industry median EBITDA Margin % is 6.11. Vardhman Special Steels' value of 12.35% is 102.1% above this industry median. Based on the distribution chart, Vardhman Special Steels ranks #157 out of 615 companies in the Steel industry, which is above 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' EBITDA Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #157 out of 615 companies for EBITDA Margin %. This puts Vardhman Special Steels in the upper half of its industry. The industry median EBITDA Margin % is 6.11. Vardhman Special Steels' value of 12.35% is 102.1% above this benchmark. Historically, Vardhman Special Steels' own EBITDA Margin % has ranged from 5.70 to 14.90 over the past decade. While the company's 10-year median is 10.22 vs. the industry median of 6.11, 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 EBITDA Margin % for a Steel company?
The median EBITDA Margin % among Steel companies is 6.11, based on 615 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vardhman Special Steels's current EBITDA Margin % of 12.35% is 102.1% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Vardhman Special Steels and its competitors. For the Steel industry, the median EBITDA Margin % is 6.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current EBITDA Margin % is 12.35%, which is 21% above median its own 10-year median of 10.22. 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 EBITDA Margin % is 12.35%, which is 21% above median its 10-year median of 10.22 and 102.1% above the Steel industry median of 6.11. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current EBITDA Margin % is 12.35% 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:

  • EBITDA Margin %: 12.35% (21% above median its 10-year median of 10.22)
  • GF Value™: ₹224.05 vs. price of ₹282.90 (26.3% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 102.1% above the Steel median (#157 of 615)

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

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

₹282.90
Price
₹224.05
GF Value