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Vardhman Special SteelsNSE:VSSL +0.44%75 EV-to-EBITDA is 12.99 as of Jul. 17, 2026, which is 47% above its 10-year median of 8.84. 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 528 Steel companies, Vardhman Special Steels ranks worse than 63.07% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Vardhman Special Steels's enterprise value is ₹27,125 Mil.
Vardhman Special Steels's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2,088 Mil. Therefore, Vardhman Special Steels's EV-to-EBITDA for today is 12.99.
The historical rank and industry rank for Vardhman Special Steels's EV-to-EBITDA or its related term are showing as below:
NSE:VSSL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.73 Med: 8.84 Max: 17.12
Current: 12.98
During the past 13 years, the highest EV-to-EBITDA of Vardhman Special Steels was 17.12. The lowest was 1.73. And the median was 8.84.
NSE:VSSL's EV-to-EBITDA is ranked worse than 63.07% of 528
companies
in the Steel industry
Industry Median: 10.04
vs NSE:VSSL: 12.98
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Vardhman Special Steels (NSE:VSSL) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Vardhman Special Steels's PE Ratio (TTM) for today is calculated as:
Vardhman Special Steels's share price for today is ₹297.40.
Vardhman Special Steels's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹13.010.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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: EV-to-EBITDA Comparison
For the Steel subindustry, Vardhman Special Steels's EV-to-EBITDA, along with its competitors' market caps and EV-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 EV-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Vardhman Special Steels's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Vardhman Special Steels's EV-to-EBITDA falls into.
Vardhman Special Steels's current Enterprise Value is ₹27,125 Mil.
Vardhman Special Steels's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,088 Mil.
* 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 EV-to-EBITDA of 12.99 as of Jul. 17, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Vardhman Special Steels. This is 47% above median its historical median of 8.84. Over the past decade, Vardhman Special Steels' EV-to-EBITDA has ranged from 1.73 to 17.12. According to the industry distribution chart, Vardhman Special Steels ranks #333 out of 528 companies in the Steel industry, placing it in the top 63.1%.
Is Vardhman Special Steels' EV-to-EBITDA too high?
Vardhman Special Steels' current EV-to-EBITDA of 12.99 is 47% above median its 10-year median of 8.84. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 17.12. The Steel industry median EV-to-EBITDA is 10.04. Vardhman Special Steels' value of 12.99 is 29.4% above this industry median. Based on the distribution chart, Vardhman Special Steels ranks #333 out of 528 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 Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Special Steels' EV-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #333 out of 528 companies for EV-to-EBITDA. This places Vardhman Special Steels in the lower half of its industry. The industry median EV-to-EBITDA is 10.04. Vardhman Special Steels' value of 12.99 is 29.4% above this benchmark. Historically, Vardhman Special Steels' own EV-to-EBITDA has ranged from 1.73 to 17.12 over the past decade. While the company's 10-year median is 8.84 vs. the industry median of 10.04, 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 EV-to-EBITDA for a Steel company?
The median EV-to-EBITDA among Steel companies is 10.04, based on 528 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vardhman Special Steels's current EV-to-EBITDA of 12.99 is 29.4% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Vardhman Special Steels. For the Steel industry, the median EV-to-EBITDA is 10.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current EV-to-EBITDA is 12.99, which is 47% above median its own 10-year median of 8.84. 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 ₹297.40 — trading 33% above its estimated fair value. The current EV-to-EBITDA is 12.99, which is 47% above median its 10-year median of 8.84 and 29.4% above the Steel industry median of 10.04. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current EV-to-EBITDA is 12.99 as of Jul. 17, 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 ₹297.40 is trading 33% above its estimated GF Value™ of ₹223.58.
GuruFocus considers Vardhman Special Steels to be Significantly Overvalued.
Key valuation signals for NSE:VSSL:
EV-to-EBITDA: 12.99 (47% above median its 10-year median of 8.84)
GF Value™: ₹223.58 vs. price of ₹297.40 (33% above fair value)
Industry Position: 29.4% above the Steel median (#333 of 528)
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
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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