Vardhman Special Key Ratios
NSE: VSSL | BSE: 534392
₹348.55
As on 28-Aug-2026IST
Market cap
₹3,380 Cr
Revenue (TTM)
₹1,807 Cr
P/E Ratio
23.6
P/B Ratio
2.6
Div. Yield
1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 6.13 | 12.06 | 1.31 | 2.55 | 8.54 |
| EBIT | 27.61 | 113.96 | 54.48 | 18.31 | 3.61 |
| Net Profit | 21.21 | 107.02 | 64.91 | 17.33 | 11.07 |
| EPS | 21.21 | 75.01 | 39.32 | 10.71 | 7.21 |
| Book Value | -- | -- | 10.55 | 12.54 | 13.76 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| 6.57 | 7.58 | 8.84 | 6.49 | 6.70 |
| Net Margin
| 5.42 | 5.62 | 7.74 | 5.19 | 5.42 |
| Return on equity
| 14.20 | 14.52 | 11.53 | 12.30 | 12.77 |
| Return on Capital
| 18.25 | 18.69 | -- | 16.71 | 17.61 |
| Return on Assets
| 8.87 | 8.67 | 10.35 | 8.56 | 8.81 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.15 | 0.12 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
16.71
|
17.80
|
20.25
|
25.74
|
|
Peer Median
|
--
|
14.07
|
--
|
18.66
|
--
|
ROE
11.53
Higher than Peers by 1.32
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
11.53
|
12.30
|
13.49
|
16.81
|
19.89
|
|
Peer Median
|
10.22
|
12.37
|
--
|
15.59
|
--
|
ROA
10.35
Higher than Peers by 5.24
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
10.35
|
8.56
|
8.47
|
9.58
|
11.20
|
|
Peer Median
|
5.11
|
7.53
|
--
|
7.33
|
--
|
EBIT Margin
8.84
Higher than Peers by 0.68
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
8.84
|
6.49
|
6.70
|
6.52
|
10.38
|
|
Peer Median
|
8.15
|
8.78
|
--
|
8.89
|
--
|
Net Margin
7.74
Higher than Peers by 2.30
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
7.74
|
5.19
|
5.42
|
5.66
|
7.19
|
|
Peer Median
|
5.44
|
6.53
|
--
|
7.37
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
7.14
|
7.35
|
7.41
|
9.33
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
1.31
Lower than Peers by 2.86
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
1.31
|
6.20
|
-4.24
|
26.78
|
46.03
|
|
Peer Median
|
4.17
|
3.51
|
--
|
23.86
|
--
|
EBIT Growth
54.48
Higher than Peers by 40.50
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
54.48
|
2.89
|
-1.49
|
-20.39
|
94.19
|
|
Peer Median
|
13.98
|
2.75
|
--
|
-1.92
|
--
|
Net Profit Growth
64.91
Higher than Peers by 44.39
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
64.91
|
1.59
|
-8.78
|
-0.30
|
127.97
|
|
Peer Median
|
20.52
|
-1.04
|
--
|
-0.03
|
--
|
EPS Growth
39.32
Higher than Peers by 24.01
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
39.32
|
1.25
|
-9.01
|
-0.46
|
127.66
|
|
Peer Median
|
15.30
|
-1.70
|
--
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
10.93
|
11.95
|
15.63
|
20.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
0.15
|
0.12
|
0.22
|
0.29
|
|
Peer Median
|
0.12
|
0.35
|
--
|
0.43
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
0.13
|
0.06
|
0.12
|
0.09
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.90
Higher than Peers by 1.52
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
2.90
|
2.11
|
2.36
|
2.06
|
2.17
|
|
Peer Median
|
1.38
|
1.48
|
--
|
1.67
|
--
|
Quick Ratio
1.83
Higher than Peers by 1.23
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
1.83
|
1.04
|
1.10
|
1.04
|
1.10
|
|
Peer Median
|
0.61
|
0.73
|
--
|
0.93
|
--
|
Interest Coverage
17.53
Higher than Peers by 13.10
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
17.53
|
7.71
|
7.67
|
8.61
|
10.16
|
|
Peer Median
|
4.43
|
4.94
|
--
|
7.61
|
--
|
Operating Efficiency
Debtors to sales
15.38
Higher than Peers by 5.68
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
15.38
|
14.81
|
15.78
|
15.07
|
16.21
|
|
Peer Median
|
9.70
|
11.58
|
--
|
14.63
|
--
|
Asset Turnover
1.30
Higher than Peers by 0.32
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
1.30
|
1.63
|
1.54
|
1.65
|
1.52
|
|
Peer Median
|
0.99
|
1.13
|
--
|
1.23
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
53.93
|
57.29
|
50.85
|
59.50
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
71.20
|
78.63
|
70.16
|
66.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
52.88
|
64.95
|
54.80
|
63.59
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
72.25
|
70.96
|
66.21
|
62.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
23.59
Lower than Peers by 3.54
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
23.59
|
17.46
|
18.86
|
8.06
|
4.59
|
|
Peer Median
|
27.12
|
25.84
|
--
|
16.71
|
--
|
Price / Book Value
2.56
Higher than Peers by 0.24
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
2.56
|
2.04
|
2.41
|
2.53
|
1.67
|
|
Peer Median
|
2.33
|
2.59
|
--
|
1.39
|
--
|
Dividend Yield
1.00
Higher than Peers by 0.70
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
1.00
|
1.51
|
0.94
|
0.50
|
1.54
|
|
Peer Median
|
0.30
|
0.40
|
--
|
0.26
|
--
|
EV/EBITDA
14.36
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
14.36
|
9.79
|
10.47
|
9.73
|
5.28
|
|
Peer Median
|
--
|
16.36
|
--
|
9.63
|
--
|
Market Cap
3,380
Lower than Peers by 2,892
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Vardhman Special
|
3,380
|
1,626
|
1,728
|
1,620
|
924
|
|
Peer Median
|
6,273
|
3,320
|
--
|
1,595
|
--
|