The historical rank and industry rank for Vardhman Special Steels's ROE % or its related term are showing as below:
NSE:VSSL'
s ROE % Range Over the Past 10 Years
Min: 0.86 Med: 10.96 Max: 19.87
Current: 11.15
During the past 13 years, Vardhman Special Steels's highest ROE % was 19.87%. The lowest was 0.86%. And the median was 10.96%.
NSE:VSSL's ROE % is ranked better than 79.94% of 623
companies
in the Steel industry
Industry Median: 3.7
vs NSE:VSSL: 11.15
Vardhman Special Steels (NSE:VSSL) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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.
For the Steel subindustry, Vardhman Special Steels's ROE %, along with its competitors' market caps and ROE % 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 % vs Steel Industry
For the Steel industry and Basic Materials sector, Vardhman Special Steels's ROE % distribution charts can be found below:
* The bar in red indicates where Vardhman Special Steels's ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Vardhman Special Steels (NSE:VSSL) has a ROE % of 10.64% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Vardhman Special Steels and its competitors. This is near median its historical median of 10.96. Over the past decade, Vardhman Special Steels' ROE % has ranged from 0.86 to 19.87. According to the industry distribution chart, Vardhman Special Steels ranks #125 out of 623 companies in the Steel industry, placing it in the top 20.1%.
Is Vardhman Special Steels' ROE % too high?
Vardhman Special Steels' current ROE % of 10.64% is near median its 10-year median of 10.96. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 19.87. The Steel industry median ROE % is 3.70. Vardhman Special Steels' value of 10.64% is 187.6% above this industry median. Based on the distribution chart, Vardhman Special Steels ranks #125 out of 623 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' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #125 out of 623 companies for ROE %. This places Vardhman Special Steels in the top 20% of its industry — outperforming the majority of peers. The industry median ROE % is 3.70. Vardhman Special Steels' value of 10.64% is 187.6% above this benchmark. Historically, Vardhman Special Steels' own ROE % has ranged from 0.86 to 19.87 over the past decade. While the company's 10-year median is 10.96 vs. the industry median of 3.70, 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 ROE % for a Steel company?
The median ROE % among Steel companies is 3.70, based on 623 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vardhman Special Steels's current ROE % of 10.64% is 187.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Vardhman Special Steels and its competitors. For the Steel industry, the median ROE % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current ROE % is 10.64%, which is near median its own 10-year median of 10.96. 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 % is 10.64%, which is near median its 10-year median of 10.96 and 187.6% above the Steel industry median of 3.70. 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 % calculated?
ROE % is calculated from a company's financial statements. For Vardhman Special Steels (NSE:VSSL), the current ROE % is 10.64% 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 %: 10.64% (near median its 10-year median of 10.96)
GF Value™: ₹224.05 vs. price of ₹282.90 (26.3% above fair value)
Industry Position: 187.6% above the Steel median (#125 of 623)
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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