Vardhman Special Steels (NSE:VSSL) ROE % Adjusted to Book Value: 6.73% (As of Mar. 2026)


NSE:VSSL Vardhman Special Steels Ltd NSE:VSSL
75 GF Score
Price ₹282.90
GF Value ₹224.05
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Vardhman Special Steels ROE % Adjusted to Book Value?

Vardhman Special Steels NSE:VSSL -0.58% 75 ROE % Adjusted to Book Value is 6.73% as of Mar. 2026. GuruFocus rates NSE:VSSL with a GF Score™ of 75/100 and a GF Value™ of ₹224.05 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Vardhman Special Steels's ROE % for the quarter that ended in Mar. 2026 was 10.64%. Vardhman Special Steels's PB Ratio for the quarter that ended in Mar. 2026 was 1.58. Vardhman Special Steels's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 6.73%.


Vardhman Special Steels ROE % Adjusted to Book Value Related Terms


Vardhman Special Steels ROE % Adjusted to Book Value Historical Data

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The historical data trend for Vardhman Special Steels's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Vardhman Special Steels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.90 6.69 5.61 5.99 7.44

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
ROE % Adjusted to Book Value 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 4.82 0.00 4.85 0.00 6.73

NSE:VSSL vs NUE, STLD, RS: ROE % Adjusted to Book Value Comparison

For the Steel subindustry, Vardhman Special Steels's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Steel Industry

For the Steel industry and Basic Materials sector, Vardhman Special Steels's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Vardhman Special Steels's ROE % Adjusted to Book Value falls into.


NSE:VSSL
75GF Score
Vardhman Special Steels Ltd NSE:VSSL
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Vardhman Special Steels ROE % Adjusted to Book Value Calculation

Vardhman Special Steels's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=11.76% / 1.58
=7.44%

Vardhman Special Steels's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=10.64% / 1.58
=6.73%

* 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.

What does a ROE % Adjusted to Book Value of 6.73% mean?
Vardhman Special Steels (NSE:VSSL) has a ROE % Adjusted to Book Value of 6.73% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Vardhman Special Steels and its competitors.
Is Vardhman Special Steels' ROE % Adjusted to Book Value too high?
Vardhman Special Steels' current ROE % Adjusted to Book Value is 6.73%. 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' ROE % Adjusted to Book Value compare to NUE and STLD?
Vardhman Special Steels' ROE % Adjusted to Book Value of 6.73% 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 ROE % Adjusted to Book Value for a Steel company?
A good ROE % Adjusted to Book Value depends on the Steel industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Vardhman Special Steels and its competitors. Vardhman Special Steels's current ROE % Adjusted to Book Value is 6.73%. 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 ROE % Adjusted to Book Value is 6.73%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current ROE % Adjusted to Book Value is 6.73% 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:

  • ROE % Adjusted to Book Value: 6.73%
  • GF Value™: ₹224.05 vs. price of ₹282.90 (26.3% 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

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹282.90
Price
₹224.05
GF Value