Vardhman Special Steels (NSE:VSSL) Scaled Net Operating Assets: N/A (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 Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Vardhman Special Steels's operating assets for the quarter that ended in Mar. 2026 was ₹13,800 Mil. Vardhman Special Steels's operating liabilities for the quarter that ended in Mar. 2026 was ₹2,628 Mil. Vardhman Special Steels's Total Assets for the quarter that ended in Dec. 2025 was ₹0 Mil. Therefore, Vardhman Special Steels's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was N/A.


Vardhman Special Steels Scaled Net Operating Assets Historical Data

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The historical data trend for Vardhman Special Steels's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Vardhman Special Steels Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.82 0.77 0.86 0.98

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
Scaled Net Operating Assets 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 0.00 0.00 0.00 0.00 0.00

NSE:VSSL vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Vardhman Special Steels's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Vardhman Special Steels's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Vardhman Special Steels's Scaled Net Operating Assets falls into.


NSE:VSSL
75GF Score
Vardhman Special Steels Ltd NSE:VSSL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Vardhman Special Steels Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Vardhman Special Steels's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(13800.319-2627.905)/11359.155
=0.98

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16331.156 - 2530.837
=13800.319

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3557.958 - 1.027 - 929.026
=2627.905

Vardhman Special Steels's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(13800.319-2627.905)/0
=N/A

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16331.156 - 2530.837
=13800.319

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3557.958 - 1.027 - 929.026
=2627.905

* 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.

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:

  • Scaled Net Operating Assets: N/A
  • 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

Get the complete analysis for NSE:VSSL

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹282.90
Price
₹224.05
GF Value