The historical rank and industry rank for Vardhman Special Steels's Net Margin % or its related term are showing as below:
NSE:VSSL'
s Net Margin % Range Over the Past 10 Years
Min: 0.4 Med: 5.02 Max: 7.44
Current: 6.96
NSE:VSSL's Net Margin % is ranked better than 79.55% of 616
companies
in the Steel industry
Industry Median: 1.86
vs NSE:VSSL: 6.96
Vardhman Special Steels (NSE:VSSL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Vardhman Special Steels Net Margin % Related Terms
Vardhman Special Steels Net Margin % Historical Data
* 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: Net Margin % Comparison
For the Steel subindustry, Vardhman Special Steels's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Vardhman Special Steels's Net Margin % distribution charts can be found below:
* The bar in red indicates where Vardhman Special Steels's Net Margin % falls into.
* 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 Net Margin % of 7.42% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Vardhman Special Steels and its competitors. This is 48% above median its historical median of 5.02. Over the past decade, Vardhman Special Steels' Net Margin % has ranged from 0.40 to 7.44. According to the industry distribution chart, Vardhman Special Steels ranks #126 out of 616 companies in the Steel industry, placing it in the top 20.5%.
Is Vardhman Special Steels' Net Margin % too high?
Vardhman Special Steels' current Net Margin % of 7.42% is 48% above median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 7.44. The Steel industry median Net Margin % is 1.86. Vardhman Special Steels' value of 7.42% is 298.9% above this industry median. Based on the distribution chart, Vardhman Special Steels ranks #126 out of 616 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. 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' Net Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #126 out of 616 companies for Net Margin %. This places Vardhman Special Steels in the top 21% of its industry — outperforming the majority of peers. The industry median Net Margin % is 1.86. Vardhman Special Steels' value of 7.42% is 298.9% above this benchmark. Historically, Vardhman Special Steels' own Net Margin % has ranged from 0.40 to 7.44 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 1.86, 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 Net Margin % for a Steel company?
The median Net Margin % among Steel companies is 1.86, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vardhman Special Steels's current Net Margin % of 7.42% is 298.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Vardhman Special Steels and its competitors. For the Steel industry, the median Net Margin % is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current Net Margin % is 7.42%, which is 48% above median its own 10-year median of 5.02. 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 ₹224.07, compared to a current price of ₹282.90 — trading 26.3% above its estimated fair value. The current Net Margin % is 7.42%, which is 48% above median its 10-year median of 5.02 and 298.9% above the Steel industry median of 1.86. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current Net Margin % is 7.42% 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 ₹224.07.
GuruFocus considers Vardhman Special Steels to be Modestly Overvalued.
Key valuation signals for NSE:VSSL:
Net Margin %: 7.42% (48% above median its 10-year median of 5.02)
GF Value™: ₹224.07 vs. price of ₹282.90 (26.3% above fair value)
Industry Position: 298.9% above the Steel median (#126 of 616)
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
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