The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Vardhman Special Steels's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.00.
The historical rank and industry rank for Vardhman Special Steels's Dividend Payout Ratio or its related term are showing as below:
NSE:VSSL'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.18 Max: 0.23
Current: 0.23
During the past 13 years, the highest Dividend Payout Ratio of Vardhman Special Steels was 0.23. The lowest was 0.06. And the median was 0.18.
NSE:VSSL's Dividend Payout Ratio is ranked better than 70.85% of 271
companies
in the Steel industry
Industry Median: 0.39
vs NSE:VSSL: 0.23
During the past 13 years, the highest Trailing Annual Dividend Yield of Vardhman Special Steels was 1.45%. The lowest was 0.53%. And the median was 0.85%.
During the past 12 months, Vardhman Special Steels's average Dividends Per Share Growth Rate was 50.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 19.70% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Vardhman Special Steels was 38.70% per year. The lowest was 19.70% per year. And the median was 29.20% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Vardhman Special Steels (NSE:VSSL) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Vardhman Special Steels Dividend Payout Ratio Related Terms
Vardhman Special Steels Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Vardhman Special Steels's Dividend Payout Ratio 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 Dividend Payout Ratio Chart
NSE:VSSL vs NUE, STLD, RS: Dividend Payout Ratio Comparison
For the Steel subindustry, Vardhman Special Steels's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Vardhman Special Steels's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Vardhman Special Steels's Dividend Payout Ratio falls into.
Vardhman Special Steels Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Vardhman Special Steels's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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 Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Vardhman Special Steels and its competitors. Over the past decade, Vardhman Special Steels' Dividend Payout Ratio has ranged from 0.06 to 0.23. According to the industry distribution chart, Vardhman Special Steels ranks #79 out of 271 companies in the Steel industry, placing it in the top 29.2%.
Is Vardhman Special Steels' Dividend Payout Ratio too high?
Vardhman Special Steels' current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.23. Based on the distribution chart, Vardhman Special Steels ranks #79 out of 271 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' Dividend Payout Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #79 out of 271 companies for Dividend Payout Ratio. This puts Vardhman Special Steels in the upper half of its industry. The industry median Dividend Payout Ratio is 0.39. Historically, Vardhman Special Steels' own Dividend Payout Ratio has ranged from 0.06 to 0.23 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Steel company?
The median Dividend Payout Ratio among Steel companies is 0.39, based on 271 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Vardhman Special Steels and its competitors. For the Steel industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current Dividend Payout Ratio is 0.00. 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 ₹224.05, compared to a current price of ₹282.90 — trading 26.3% above its estimated fair value. The current Dividend Payout Ratio is 0.00. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current Dividend Payout Ratio is 0.00 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 ₹224.05.
GuruFocus considers Vardhman Special Steels to be Modestly Overvalued.
Key valuation signals for NSE:VSSL:
Dividend Payout Ratio: 0.00
GF Value™: ₹224.05 vs. price of ₹282.90 (26.3% above fair value)
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
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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