Vardhman Special Steels (NSE:VSSL) Interest Expense: ₹-119 Mil (TTM As of Mar. 2026)


NSE:VSSL Vardhman Special Steels Ltd NSE:VSSL
75 GF Score
Price ₹282.90
GF Value ₹223.13
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Vardhman Special Steels Interest Expense?

Vardhman Special Steels NSE:VSSL -0.58% 75 Interest Expense is ₹-119 Mil as of Mar. 2026. GuruFocus rates NSE:VSSL with a GF Score™ of 75/100 and a GF Value™ of ₹223.13 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vardhman Special Steels's interest expense for the three months ended in Mar. 2026 was ₹ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-119 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Vardhman Special Steels's Operating Income for the three months ended in Mar. 2026 was ₹ 383 Mil. Vardhman Special Steels's Interest Expense for the three months ended in Mar. 2026 was ₹ -28 Mil. Vardhman Special Steels's Interest Coverage for the quarter that ended in Mar. 2026 was 13.89. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Vardhman Special Steels  (NSE:VSSL) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Vardhman Special Steels's Interest Expense for the three months ended in Mar. 2026 was ₹-28 Mil. Its Operating Income for the three months ended in Mar. 2026 was ₹383 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was ₹1 Mil.

Vardhman Special Steels's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*382.883/-27.575
=13.89

* 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.

The higher the ratio, the stronger the company's financial strength is.

Vardhman Special Steels Interest Expense Historical Data

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The historical data trend for Vardhman Special Steels's Interest Expense 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 Interest Expense Chart

Vardhman Special Steels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -164.97 -165.28 -175.42 -186.27 -119.06

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
Interest Expense 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 -34.72 -35.65 -18.97 -36.87 -27.58
NSE:VSSL
75GF Score
Vardhman Special Steels Ltd NSE:VSSL
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Vardhman Special Steels Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense 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 ₹-119 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₹-119 Mil mean?
Vardhman Special Steels (NSE:VSSL) has a Interest Expense of ₹-119 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Vardhman Special Steels and its competitors.
Is Vardhman Special Steels' Interest Expense too high?
Vardhman Special Steels' current Interest Expense is ₹-119 Mil. 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' Interest Expense compare to NUE and STLD?
Vardhman Special Steels' Interest Expense of ₹-119 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Steel company?
A good Interest Expense depends on the Steel industry context. However, Interest Expense 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 Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Vardhman Special Steels and its competitors. Vardhman Special Steels's current Interest Expense is ₹-119 Mil. 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 ₹223.13, compared to a current price of ₹282.90 — trading 26.8% above its estimated fair value. The current Interest Expense is ₹-119 Mil. 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 Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current Interest Expense is ₹-119 Mil 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 26.8% above its estimated GF Value™ of ₹223.13. GuruFocus considers Vardhman Special Steels to be Modestly Overvalued.

Key valuation signals for NSE:VSSL:

  • Interest Expense: ₹-119 Mil
  • GF Value™: ₹223.13 vs. price of ₹282.90 (26.8% 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

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

₹282.90
Price
₹223.13
GF Value