Vardhman Special Key Ratios
NSE: VSSL | BSE: 534392
₹388.20
As on 07-Oct-2026 09:49IST
Market cap
₹3,745 Cr
Revenue (TTM)
₹1,807 Cr
P/E Ratio
26.1
P/B Ratio
2.8
Div. Yield
0.9 %
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 | -- | -- | 35.44 | 18.69 | 18.42 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 6.94 | 7.54 | 8.84 | 7.62 | 6.49 |
| Net Margin
| 5.80 | 6.05 | 7.74 | 6.79 | 5.19 |
| Return on equity
| 12.52 | 14.85 | 11.53 | 11.78 | 12.30 |
| Return on Capital
| 16.63 | 19.18 | -- | 15.38 | 16.71 |
| Return on Assets
| 8.62 | 9.32 | 10.35 | 8.81 | 8.56 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.07 | 0.15 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
15.38
|
16.71
|
17.80
|
20.25
|
|
Peer Median
|
--
|
13.29
|
14.07
|
--
|
--
|
ROE
11.53
Higher than Peers by 1.58
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
11.53
|
11.78
|
12.30
|
13.49
|
16.81
|
|
Peer Median
|
9.96
|
11.05
|
12.37
|
--
|
--
|
ROA
10.35
Higher than Peers by 5.26
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
10.35
|
8.81
|
8.56
|
8.47
|
9.58
|
|
Peer Median
|
5.09
|
5.46
|
7.53
|
--
|
--
|
EBIT Margin
8.84
Higher than Peers by 0.57
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
8.84
|
7.62
|
6.49
|
6.70
|
6.52
|
|
Peer Median
|
8.27
|
9.94
|
8.78
|
--
|
--
|
Net Margin
7.74
Higher than Peers by 2.28
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
7.74
|
6.79
|
5.19
|
5.42
|
5.66
|
|
Peer Median
|
5.46
|
6.49
|
6.53
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
8.80
|
7.14
|
7.35
|
7.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
1.31
Lower than Peers by 2.75
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
1.31
|
-0.57
|
6.20
|
-4.24
|
26.78
|
|
Peer Median
|
4.06
|
11.96
|
3.51
|
--
|
--
|
EBIT Growth
54.48
Higher than Peers by 39.90
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
54.48
|
16.62
|
2.89
|
-1.49
|
-20.39
|
|
Peer Median
|
14.58
|
32.91
|
2.75
|
--
|
--
|
Net Profit Growth
64.91
Higher than Peers by 44.49
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
64.91
|
31.08
|
1.59
|
-8.78
|
-0.30
|
|
Peer Median
|
20.41
|
40.38
|
-1.04
|
--
|
--
|
EPS Growth
39.32
Higher than Peers by 24.08
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
39.32
|
10.81
|
1.25
|
-9.01
|
-0.46
|
|
Peer Median
|
15.24
|
37.27
|
-1.70
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
60.21
|
10.93
|
11.95
|
15.63
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
0.07
|
0.15
|
0.12
|
0.22
|
|
Peer Median
|
0.13
|
0.34
|
0.35
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
0.07
|
0.13
|
0.06
|
0.12
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.90
Higher than Peers by 1.48
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
2.90
|
2.90
|
2.11
|
2.36
|
2.06
|
|
Peer Median
|
1.42
|
1.49
|
1.48
|
--
|
--
|
Quick Ratio
1.83
Higher than Peers by 1.22
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
1.83
|
1.83
|
1.04
|
1.10
|
1.04
|
|
Peer Median
|
0.61
|
0.78
|
0.73
|
--
|
--
|
Interest Coverage
17.53
Higher than Peers by 13.12
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
17.53
|
14.78
|
7.71
|
7.67
|
8.61
|
|
Peer Median
|
4.41
|
4.31
|
4.94
|
--
|
--
|
Operating Efficiency
Debtors to sales
15.38
Higher than Peers by 5.25
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
15.38
|
15.84
|
14.81
|
15.78
|
15.07
|
|
Peer Median
|
10.13
|
10.52
|
11.58
|
--
|
--
|
Asset Turnover
1.30
Higher than Peers by 0.35
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
1.30
|
1.27
|
1.63
|
1.54
|
1.65
|
|
Peer Median
|
0.95
|
1.02
|
1.13
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
55.89
|
53.93
|
57.29
|
50.85
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
71.03
|
71.20
|
78.63
|
70.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
56.99
|
52.88
|
64.95
|
54.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
--
|
69.94
|
72.25
|
70.96
|
66.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
26.13
No difference
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
26.13
|
16.41
|
17.46
|
18.86
|
8.06
|
|
Peer Median
|
26.13
|
25.20
|
25.84
|
--
|
--
|
Price / Book Value
2.84
Higher than Peers by 0.37
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
2.84
|
1.57
|
2.04
|
2.41
|
2.53
|
|
Peer Median
|
2.47
|
2.69
|
2.59
|
--
|
--
|
Dividend Yield
0.90
Higher than Peers by 0.45
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
0.90
|
1.69
|
1.51
|
0.94
|
0.50
|
|
Peer Median
|
0.45
|
0.32
|
0.40
|
--
|
--
|
EV/EBITDA
15.89
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
15.89
|
9.75
|
9.79
|
10.47
|
9.73
|
|
Peer Median
|
--
|
19.31
|
16.36
|
--
|
--
|
Market Cap
3,745
Lower than Peers by 4,532
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Vardhman Special
|
3,745
|
2,003
|
1,626
|
1,728
|
1,620
|
|
Peer Median
|
8,277
|
3,595
|
3,320
|
--
|
--
|