Vardhman Special Steels (NSE:VSSL) EPS without NRI: ₹13.01 (TTM As of Mar. 2026)


NSE:VSSL Vardhman Special Steels Ltd NSE:VSSL
75 GF Score
Price ₹279.50
GF Value ₹223.94
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Vardhman Special Steels EPS without NRI?

Vardhman Special Steels NSE:VSSL +0.23% 75 EPS without NRI is ₹13.01 as of Mar. 2026. GuruFocus rates NSE:VSSL with a GF Score™ of 75/100 and a GF Value™ of ₹223.94 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 454 Steel companies, Vardhman Special Steels ranks better than 57.93% on this metric.

Vardhman Special Steels's earnings per share without non-recurring items for the three months ended in Mar. 2026 was ₹3.51. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was ₹13.01.

During the past 12 months, Vardhman Special Steels's average earnings per share (NRI) Growth Rate was 15.50% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 2.20% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 10.80% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 26.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Vardhman Special Steels's EPS without NRI or its related term are showing as below:

NSE:VSSL' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -48.2   Med: 23.6   Max: 211.9
Current: 2.2

During the past 13 years, Vardhman Special Steels's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 211.90% per year. The lowest was -48.20% per year. And the median was 23.60% per year.

NSE:VSSL's 3-Year EPS without NRI Growth Rate is ranked better than
57.93% of 454 companies
in the Steel industry
Industry Median: -3.8 vs NSE:VSSL: 2.20

Vardhman Special Steels's EPS (Diluted) for the three months ended in Mar. 2026 was ₹3.51. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹13.01.

Vardhman Special Steels's EPS (Basic) for the three months ended in Mar. 2026 was ₹3.52. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹13.04.


Vardhman Special Steels  (NSE:VSSL) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Vardhman Special Steels EPS without NRI Related Terms


Vardhman Special Steels EPS without NRI Historical Data

* Premium members only.

The historical data trend for Vardhman Special Steels's EPS without NRI 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 EPS without NRI Chart

Vardhman Special Steels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.73 12.32 11.03 11.37 13.13

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
EPS without NRI 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 2.41 2.43 3.60 3.47 3.51

NSE:VSSL vs NUE, STLD, RS: EPS without NRI Comparison

For the Steel subindustry, Vardhman Special Steels's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Steel Industry

For the Steel industry and Basic Materials sector, Vardhman Special Steels's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Vardhman Special Steels's PE Ratio without NRI falls into.


NSE:VSSL
75GF Score
Vardhman Special Steels Ltd NSE:VSSL
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Vardhman Special Steels EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI 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 ₹13.01

* 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 EPS without NRI →
What does a EPS without NRI of ₹13.01 mean?
Vardhman Special Steels (NSE:VSSL) has a EPS without NRI of ₹13.01 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Vardhman Special Steels and its competitors. According to the industry distribution chart, Vardhman Special Steels ranks #191 out of 454 companies in the Steel industry, placing it in the top 42.1%.
Is Vardhman Special Steels' EPS without NRI too high?
Vardhman Special Steels' current EPS without NRI is ₹13.01. Based on the distribution chart, Vardhman Special Steels ranks #191 out of 454 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' EPS without NRI compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #191 out of 454 companies for EPS without NRI. This puts Vardhman Special Steels in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Steel company?
A good EPS without NRI depends on the Steel industry context. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Vardhman Special Steels and its competitors. Vardhman Special Steels's current EPS without NRI is ₹13.01. 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 ₹223.94, compared to a current price of ₹279.50 — trading 24.8% above its estimated fair value. The current EPS without NRI is ₹13.01. 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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current EPS without NRI is ₹13.01 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 ₹279.50 is trading 24.8% above its estimated GF Value™ of ₹223.94. GuruFocus considers Vardhman Special Steels to be Modestly Overvalued.

Key valuation signals for NSE:VSSL:

  • EPS without NRI: ₹13.01
  • GF Value™: ₹223.94 vs. price of ₹279.50 (24.8% above fair value)
  • GF Score™: 75/100 with 7 warning signs

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

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹279.50
Price
₹223.94
GF Value