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Vardhman Special Steels

BSE:534392
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
534392
BSE
₹4B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Vardhman Special Steels Limited manufactures, sells, and exports special and alloy steel products in India. The last earnings update was 83 days ago. More info.


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534392 Share Price and Events
7 Day Returns
8.7%
BSE:534392
-3.8%
IN Metals and Mining
-1%
IN Market
1 Year Returns
-32.6%
BSE:534392
-22.7%
IN Metals and Mining
-1.6%
IN Market
534392 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vardhman Special Steels (534392) 8.7% 5% 13.3% -32.6% 79.1% 289.1%
IN Metals and Mining -3.8% 2.1% 3.8% -22.7% 56% 19.8%
IN Market -1% 3% 6.2% -1.6% 39% 73%
1 Year Return vs Industry and Market
  • 534392 underperformed the Metals and Mining industry which returned -22.7% over the past year.
  • 534392 underperformed the Market in India which returned -1.6% over the past year.
Price Volatility
534392
Industry
5yr Volatility vs Market

534392 Value

 Is Vardhman Special Steels undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Vardhman Special Steels. This is due to cash flow or dividend data being unavailable. The share price is ₹103.5.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vardhman Special Steels's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vardhman Special Steels's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:534392 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹8.23
BSE:534392 Share Price ** BSE (2019-04-25) in INR ₹103.5
India Metals and Mining Industry PE Ratio Median Figure of 138 Publicly-Listed Metals and Mining Companies 10.95x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vardhman Special Steels.

BSE:534392 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:534392 Share Price ÷ EPS (both in INR)

= 103.5 ÷ 8.23

12.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vardhman Special Steels is overvalued based on earnings compared to the IN Metals and Mining industry average.
  • Vardhman Special Steels is good value based on earnings compared to the India market.
Price based on expected Growth
Does Vardhman Special Steels's expected growth come at a high price?
Raw Data
BSE:534392 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-3.9%per year
India Metals and Mining Industry PEG Ratio Median Figure of 27 Publicly-Listed Metals and Mining Companies 0.46x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:534392 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.57x ÷ -3.9%

-3.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vardhman Special Steels earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vardhman Special Steels's assets?
Raw Data
BSE:534392 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹99.52
BSE:534392 Share Price * BSE (2019-04-25) in INR ₹103.5
India Metals and Mining Industry PB Ratio Median Figure of 166 Publicly-Listed Metals and Mining Companies 1.06x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
BSE:534392 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:534392 Share Price ÷ Book Value per Share (both in INR)

= 103.5 ÷ 99.52

1.04x

* Primary Listing of Vardhman Special Steels.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vardhman Special Steels is good value based on assets compared to the IN Metals and Mining industry average.
X
Value checks
We assess Vardhman Special Steels's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Vardhman Special Steels has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

534392 Future Performance

 How is Vardhman Special Steels expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vardhman Special Steels expected to grow at an attractive rate?
  • Vardhman Special Steels's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Vardhman Special Steels's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Vardhman Special Steels's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:534392 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:534392 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -3.9%
BSE:534392 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 9.5%
India Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
India Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:534392 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:534392 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 13,800 -21 248 1
2020-03-31 12,075 1,043 210 1
2019-03-31 11,406 -1,230 209 1
BSE:534392 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 11,089 296
2018-09-30 10,148 329
2018-06-30 9,263 317
2018-03-31 8,590 112 250
2017-12-31 7,983 225
2017-09-30 7,520 167
2017-06-30 7,142 173
2017-03-31 6,738 680 191
2016-12-31 6,610 196
2016-09-30 6,520 193
2016-06-30 6,521 133
2016-03-31 6,527 464 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vardhman Special Steels's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Vardhman Special Steels's revenue is expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:534392 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Vardhman Special Steels Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:534392 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 7.00 7.00 7.00 1.00
2020-03-31 5.90 5.90 5.90 1.00
2019-03-31 5.90 5.90 5.90 1.00
BSE:534392 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 8.23
2018-09-30 9.40
2018-06-30 9.28
2018-03-31 7.91
2017-12-31 8.29
2017-09-30 7.01
2017-06-30 8.47
2017-03-31 10.31
2016-12-31 10.50
2016-09-30 10.42
2016-06-30 7.19
2016-03-31 2.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Vardhman Special Steels is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Vardhman Special Steels's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vardhman Special Steels has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

534392 Past Performance

  How has Vardhman Special Steels performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vardhman Special Steels's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vardhman Special Steels has delivered over 20% year on year earnings growth in the past 5 years.
  • Vardhman Special Steels's 1-year earnings growth is less than its 5-year average (31.2% vs 63.7%)
  • Vardhman Special Steels's earnings growth has not exceeded the IN Metals and Mining industry average in the past year (31.2% vs 44%).
Earnings and Revenue History
Vardhman Special Steels's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vardhman Special Steels Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:534392 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11,088.72 295.76 519.11
2018-09-30 10,147.72 329.06 510.91
2018-06-30 9,263.40 316.60 485.90
2018-03-31 8,589.62 250.36 476.31
2017-12-31 7,983.08 225.47 461.08
2017-09-30 7,520.18 166.97 440.58
2017-06-30 7,141.90 172.60 418.40
2017-03-31 6,738.08 191.37 406.68
2016-12-31 6,609.66 195.53 388.38
2016-09-30 6,519.66 193.43 382.18
2016-06-30 6,521.46 133.43 354.36
2016-03-31 6,527.41 42.17 344.69
2015-12-31 6,731.30 5.83 535.87
2015-09-30 6,853.00 -80.67 517.27
2015-06-30 6,848.85 -163.15 286.61
2015-03-31 6,616.00 -147.80 287.98
2014-12-31 6,211.41 -126.66 427.96
2014-09-30 6,028.81 -103.16 399.46
2014-06-30 5,862.60 -114.90 224.50
2014-03-31 5,639.61 -119.47 214.11
2013-12-31 5,304.19 -98.75 406.87
2013-09-30 4,771.09 -74.85 421.27
2013-06-30 4,368.79 16.55 422.12
2013-03-31 4,452.39 32.88 214.71
2012-12-31 4,807.10 50.61 377.04
2012-09-30 5,028.10 106.41 371.04
2012-06-30 5,313.90 203.30 161.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Vardhman Special Steels has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vardhman Special Steels used its assets less efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
  • Vardhman Special Steels has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vardhman Special Steels's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vardhman Special Steels has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

534392 Health

 How is Vardhman Special Steels's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vardhman Special Steels's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vardhman Special Steels is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vardhman Special Steels's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vardhman Special Steels's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vardhman Special Steels Company Filings, last reported 3 months ago.

BSE:534392 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,553.50 2,690.40 44.20
2018-09-30 3,553.50 2,690.40 44.20
2018-06-30 3,393.20 2,199.60 215.70
2018-03-31 3,393.16 2,281.32 156.45
2017-12-31 2,742.10 2,548.10 398.50
2017-09-30 2,742.10 2,548.10 398.50
2017-06-30 1,981.80 2,541.70 70.60
2017-03-31 1,980.81 3,160.19 62.51
2016-12-31 1,898.90 2,934.30 378.20
2016-09-30 1,898.90 2,934.30 378.20
2016-06-30 1,749.40 2,963.70 137.90
2016-03-31 1,791.71 3,375.24 48.49
2015-12-31 1,649.40 3,103.20 378.50
2015-09-30 1,649.40 3,103.20 378.50
2015-06-30 1,697.30 3,435.20 86.50
2015-03-31 1,700.41 3,504.62 86.49
2014-12-31 1,730.70 3,180.90 219.70
2014-09-30 1,730.70 3,180.90 219.70
2014-06-30 1,857.50 2,947.80 289.00
2014-03-31 1,857.19 2,947.82 138.98
2013-12-31 1,815.70 2,624.10 293.80
2013-09-30 1,815.70 2,624.10 293.80
2013-06-30 1,951.71 3,070.48 452.75
2013-03-31 1,976.66 3,048.49 452.75
2012-12-31 1,916.80 2,260.80 1,147.20
2012-09-30 1,916.80 2,260.80 1,147.20
2012-06-30 1,903.30 2,441.90 1,051.10
  • Vardhman Special Steels's level of debt (75.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (144.7% vs 75.7% today).
  • Debt is not well covered by operating cash flow (4.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Vardhman Special Steels's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vardhman Special Steels has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

534392 Dividends

 What is Vardhman Special Steels's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Vardhman Special Steels dividends.
If you bought ₹2,000 of Vardhman Special Steels shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Vardhman Special Steels's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vardhman Special Steels's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:534392 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 3.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:534392 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Vardhman Special Steels has not reported any payouts.
  • Unable to verify if Vardhman Special Steels's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vardhman Special Steels's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vardhman Special Steels has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vardhman Special Steels's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vardhman Special Steels afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vardhman Special Steels has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

534392 Management

 What is the CEO of Vardhman Special Steels's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sachit Jain
COMPENSATION ₹22,870,000
AGE 52
TENURE AS CEO 8.1 years
CEO Bio

Mr. Sachit Jain, B.Tech., M.B.A. (Gold Medallist), has been the Vice Chairman and Managing Director of Vardhman Special Steels Limited since April 28, 2017 and March 15, 2011 respectively. Mr. Jain serves as the Compliance Officer of Vardhman Holdings Ltd. He was a Joint Managing Director at Vardhman Textiles Limited since August 07, 2014 until May 12, 2018. He served as the Managing Director of Vardhman Holdings Ltd. He has Business Executive experience for more than 15 years in Textile Industry. He serves as the Chairman of Vardhman Apparels Limited. He has been a Non-Executive Independent Director of Vardhman Holdings Ltd. since 1990. He has been a Director at Vardhman Special Steels Limited since March 15, 2011. Mr. Jain serves as a Director of VMT Spinning Company Limited, Vardhman Apparels Limited, Auro Fabriks Limited, Adinath Investment and Trading Company, Devakar Investment and Trading Company (P) Limited, Vardhman Textile Processors (P) Limited, Plaza Trading Company (P) Limited, Pradeep Mercantile Company (P) Limited, Anklesh Investments (P) Limited, Marshall Investment and Trading Company (P) Limited, Santon Finance and Investment Company Limited, Flamingo Finance and Investment Company Limited, Ramaniya Finance and Investment Company Limited., Srestha Holdings Limited, Syracuse Investment, Vardhman Holdings Limited and Trading Company (P) Limited and Vardhman Yarns & Threads Limited. He serves as an Executive Director of Vardhman Group. Mr. Jain has been a Non-Executive & Non-Independent Director at Vardhman Acrylics Ltd, since December 30, 1995. He serves as a Director of UTI Asset Management Company (P) Ltd. He has been Executive Director of Vardhman Textiles Limited since March 30, 2005. He served as the President of Northern India Textile Mills Association (NITMA) and was also the Chairman of Textile Sub-Committee of CII-Northern Region and also of CII-H.P. State Council. He served as an Additional Director of Maan Aluminium Ltd. from May 30, 2014 to November 14, 2014. He served as an Additional Director of Mahindra Punjab Tractors Private Limited from October 19, 2006 to May 10, 2007. He is also a Member of Indian Cotton Mills' Federation (ICMF). Mr. Jain is a Founder Member of BBN Industries Association. He holds Master in Business Administration (Gold Medalist) from IIM, Ahmedabad and an Electrical Engineer from IIT, Delhi. He has also studied Financial Management from Stanford, USA.

CEO Compensation
  • Sachit's compensation has increased by more than 20% in the past year.
  • Sachit's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Vardhman Special Steels management team in years:

5.1
Average Tenure
44
Average Age
  • The average tenure for the Vardhman Special Steels management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sachit Jain

TITLE
Vice Chairman & MD
COMPENSATION
₹23M
AGE
52
TENURE
8.1 yrs

Sanjeev Singla

TITLE
Chief Financial Officer
AGE
42
TENURE
5.1 yrs

M. Srivastav

TITLE
Senior Vice President of Human Resources & Administration
AGE
54
TENURE
3.6 yrs

Sonam Taneja

TITLE
Compliance Officer & Company Secretary
AGE
29

Jagdish Chand

TITLE
Vice President of Engineering Services
AGE
48

Mukesh Gupta

TITLE
Vice President of Production & Technical
AGE
43
TENURE
2.7 yrs

Amit Chopra

TITLE
Vice President
AGE
43

Davinder Singh

TITLE
Vice President
AGE
44

Satish Tuli

TITLE
Senior General Manager of Projects & Technical
AGE
65
TENURE
8.1 yrs
Board of Directors Tenure

Average tenure and age of the Vardhman Special Steels board of directors in years:

5.8
Average Tenure
57
Average Age
  • The tenure for the Vardhman Special Steels board of directors is about average.
Board of Directors

Rajeev Gupta

TITLE
Chairman of the Board
COMPENSATION
₹150K
AGE
60

Sachit Jain

TITLE
Vice Chairman & MD
COMPENSATION
₹23M
AGE
52
TENURE
2 yrs

Sanjeev Pahwa

TITLE
Non- Executive Independent Director
COMPENSATION
₹230K
AGE
52
TENURE
8.1 yrs

Sanjoy Bhattacharyya

TITLE
Non-Executive Independent Director
COMPENSATION
₹185K
AGE
57
TENURE
3.5 yrs

Rakesh Jain

TITLE
Independent Director
AGE
57
TENURE
1 yrs

Rajinder Jain

TITLE
Non-Executive Non-Independent Director
COMPENSATION
₹200K
AGE
79
TENURE
8.1 yrs

Suchita Jain

TITLE
Non-Executive Non-Independent Director
AGE
50
TENURE
8.3 yrs

Bal Choudhary

TITLE
Non-Executive Non-Independent Director
AGE
67
TENURE
8.1 yrs

Shubhra Bhattacharya

TITLE
Additional Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
15. Oct 18 Buy Sachit Jain Individual 10. Oct 18 11. Oct 18 14,186 ₹105.50 ₹1,481,878
11. Oct 18 Buy Sachit Jain Individual 08. Oct 18 08. Oct 18 10,000 ₹102.28 ₹1,022,799
11. Oct 18 Buy Sachit Jain Individual 08. Oct 18 09. Oct 18 18,105 ₹102.28 ₹1,834,272
10. Oct 18 Buy Sachit Jain Individual 05. Oct 18 05. Oct 18 10,000 ₹103.89 ₹1,038,899
09. Oct 18 Buy Sachit Jain Individual 04. Oct 18 04. Oct 18 10,000 ₹108.20 ₹1,082,000
08. Oct 18 Buy Sachit Jain Individual 03. Oct 18 03. Oct 18 10,000 ₹109.04 ₹1,090,399
05. Oct 18 Buy Sachit Jain Individual 01. Oct 18 01. Oct 18 10,000 ₹108.49 ₹1,084,899
01. Oct 18 Buy Sachit Jain Individual 28. Sep 18 28. Sep 18 15,000 ₹112.47 ₹1,687,050
29. Sep 18 Buy Sachit Jain Individual 27. Sep 18 27. Sep 18 5,204 ₹114.86 ₹597,731
27. Sep 18 Buy Sachit Jain Individual 24. Sep 18 26. Sep 18 25,000 ₹114.40 ₹2,845,251
20. Jul 18 Buy Sachit Jain Individual 17. Jul 18 19. Jul 18 13,674 ₹119.60 ₹1,620,807
18. Jul 18 Buy Sachit Jain Individual 13. Jul 18 16. Jul 18 10,000 ₹125.73 ₹1,228,162
13. Jul 18 Buy Sachit Jain Individual 11. Jul 18 12. Jul 18 7,892 ₹126.33 ₹991,257
12. Jul 18 Buy Sachit Jain Individual 10. Jul 18 10. Jul 18 4,674 ₹125.58 ₹586,961
10. Jul 18 Buy Sachit Jain Individual 06. Jul 18 06. Jul 18 4,802 ₹119.07 ₹571,774
06. Jul 18 Buy Sachit Jain Individual 05. Jul 18 05. Jul 18 5,000 ₹118.65 ₹593,250
05. Jul 18 Buy Sachit Jain Individual 03. Jul 18 04. Jul 18 6,537 ₹120.19 ₹782,585
04. Jul 18 Buy Sachit Jain Individual 02. Jul 18 02. Jul 18 5,000 ₹118.42 ₹592,100
30. Jun 18 Buy Sachit Jain Individual 29. Jun 18 29. Jun 18 5,000 ₹120.77 ₹603,850
29. Jun 18 Buy Sachit Jain Individual 27. Jun 18 28. Jun 18 10,000 ₹118.75 ₹1,185,695
26. Jun 18 Buy Sachit Jain Individual 25. Jun 18 25. Jun 18 5,000 ₹117.84 ₹589,200
23. Jun 18 Buy Sachit Jain Individual 21. Jun 18 22. Jun 18 10,012 ₹125.33 ₹1,226,962
21. Jun 18 Buy Sachit Jain Individual 20. Jun 18 20. Jun 18 5,000 ₹124.62 ₹623,100
20. Jun 18 Buy Sachit Jain Individual 19. Jun 18 19. Jun 18 5,000 ₹127.50 ₹637,500
19. Jun 18 Buy Sachit Jain Individual 15. Jun 18 18. Jun 18 6,464 ₹128.50 ₹830,259
15. Jun 18 Buy Sachit Jain Individual 13. Jun 18 13. Jun 18 5,000 ₹129.43 ₹647,150
15. Jun 18 Buy Sachit Jain Individual 13. Jun 18 14. Jun 18 10,000 ₹129.66 ₹1,295,650
13. Jun 18 Buy Sachit Jain Individual 12. Jun 18 12. Jun 18 5,000 ₹129.89 ₹649,450
12. Jun 18 Buy Sachit Jain Individual 08. Jun 18 11. Jun 18 6,299 ₹129.19 ₹808,494
08. Jun 18 Buy Sachit Jain Individual 05. Jun 18 07. Jun 18 11,584 ₹124.84 ₹1,408,017
28. May 18 Buy Sachit Jain Individual 25. May 18 25. May 18 5,335 ₹121.73 ₹649,430
26. May 18 Buy Sachit Jain Individual 24. May 18 24. May 18 5,000 ₹121.85 ₹609,250
23. May 18 Buy Sachit Jain Individual 21. May 18 21. May 18 5,473 ₹130.86 ₹716,197
22. May 18 Buy Sachit Jain Individual 17. May 18 17. May 18 5,000 ₹131.90 ₹659,500
21. May 18 Buy Sachit Jain Individual 16. May 18 16. May 18 579 ₹131.00 ₹75,849
15. May 18 Buy Sachit Jain Individual 11. May 18 11. May 18 5,000 ₹136.07 ₹680,350
11. May 18 Buy Sachit Jain Individual 08. May 18 08. May 18 5,000 ₹137.00 ₹685,000
08. May 18 Buy Sachit Jain Individual 04. May 18 07. May 18 13,218 ₹137.57 ₹1,813,961
X
Management checks
We assess Vardhman Special Steels's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vardhman Special Steels has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

534392 News

Simply Wall St News

Did Insiders Buy On Vardhman Special Steels Limited's (BOM:534392) Price Volatility?

Vardhman Special Steels Limited manufactures, sells, and exports special and alloy steel products in India. … some insider buying over the past three months, with insiders investing in. … It is widely considered that insider buying stock in their own companies is potentially a bullish signal

Simply Wall St -

534392 Company Info

Description

Vardhman Special Steels Limited manufactures, sells, and exports special and alloy steel products in India. Its products include billets, steel bars and rods, and bright bars of various categories of special and alloy steels. The company serves engineering, automotive, tractor, bearing, and allied industries. Vardhman Special Steels Limited was founded in 1973 and is headquartered in Ludhiana, India.

Details
Name: Vardhman Special Steels Limited
534392
Exchange: BSE
Founded: 1973
₹3,701,017,480
35,758,623
Website: http://www.vardhmansteel.com
Address: Vardhman Special Steels Limited
C-58, Focal Point,
Ludhiana,
Punjab, 141010,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 534392 Equity Shares Mumbai Stock Exchange IN INR 17. May 2012
NSEI VSSL Equity Shares National Stock Exchange of India IN INR 17. May 2012
Number of employees
Current staff
Staff numbers
954
Vardhman Special Steels employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 13:45
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/03/28
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.