Vardhman Special Steels (NSE:VSSL) Inventory Turnover: 0.77 (As of Mar. 2026)

What is Vardhman Special Steels Inventory Turnover?

Vardhman Special Steels NSE:VSSL -0.58% 75 Inventory Turnover is 0.77 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.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Vardhman Special Steels's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹2,698 Mil. Vardhman Special Steels's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹3,502 Mil. Vardhman Special Steels's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vardhman Special Steels's Days Inventory for the three months ended in Mar. 2026 was 118.44.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Vardhman Special Steels's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.76.

Vardhman Special Steels (NSE:VSSL) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Vardhman Special Steels's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	3502.413	/	2698.326	*	365 / 4
	=	118.44

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Vardhman Special Steels's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	3502.413	/	4579.154
	=	0.76

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Vardhman Special Steels Inventory Turnover Related Terms

Vardhman Special Steels Inventory Turnover Historical Data

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The historical data trend for Vardhman Special Steels's Inventory Turnover can be seen below:

Vardhman Special Steels Inventory Turnover Chart

Vardhman Special Steels Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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4.15

4.24

3.65

3.13

3.02

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
Inventory Turnover	Get a 7-Day Free Trial															0.81	0.81	0.72	0.71	0.77

75GF Score

Vardhman Special Steels Ltd NSE:VSSL

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Vardhman Special Steels Inventory Turnover Calculation

Vardhman Special Steels's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	10360.576	/ (	(3349.738	+	3502.413)	/	2 )
=	10360.576	/	3426.0755
=	3.02

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

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	2698.326	/ (	(0	+	3502.413)	/	1 )
=	2698.326	/	3502.413
=	0.77

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.77 mean?

Vardhman Special Steels (NSE:VSSL) has a Inventory Turnover of 0.77 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Vardhman Special Steels and its competitors.

Is Vardhman Special Steels' Inventory Turnover too high?

Vardhman Special Steels' current Inventory Turnover is 0.77. 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' Inventory Turnover compare to NUE and STLD?

Vardhman Special Steels' Inventory Turnover of 0.77 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 Inventory Turnover for a Steel company?

A good Inventory Turnover depends on the Steel industry context. However, Inventory Turnover 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 Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Vardhman Special Steels and its competitors. Vardhman Special Steels's current Inventory Turnover is 0.77. 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 Inventory Turnover is 0.77. 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 Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current Inventory Turnover is 0.77 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:

Inventory Turnover: 0.77
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

Industry Basic Materials Steel

Comparable Companies BOM:506022 BOM:590078 BOM:513517 BOM:534600 BOM:532650 BOM:590086 BOM:517522 BOM:544430 BOM:543590 BOM:543528 NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL RS TSE:5401 SHSE:600019 XKRX:005490 SHSE:600010

Other Exchanges 534392:India

Address Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141 010

Website https://www.vardhmansteel.com

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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₹282.90

Price

₹223.13

GF Value

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