Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 115 | 81 | 119 | 115 | 88 | 120 | 153 | 138 | 133 | 146 | 170 | 194 |
| Expenses | 89 | 70 | 101 | 94 | 74 | 109 | 137 | 125 | 120 | 141 | 145 | 174 |
| Operating Profit | 26 | 11 | 18 | 21 | 14 | 11 | 16 | 13 | 13 | 5 | 25 | 20 |
| OPM % | 23% | 13% | 15% | 18% | 16% | 9% | 11% | 10% | 10% | 3.5% | 15% | 10% |
| Other Income | 2 | 3 | 1 | 1 | 2 | 2 | 1 | 2 | 3 | 2 | 4 | 3 |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 5 | 5 | 7 | 7 |
| Profit before tax | 26 | 11 | 17 | 21 | 14 | 11 | 14 | 10 | 10 | 1 | 21 | 15 |
| Tax % | 24% | 23% | 25% | 24% | 25% | 26% | 26% | 25% | 25% | 19% | 26% | 22% |
| Net Profit | 20 | 9 | 13 | 16 | 10 | 8 | 10 | 8 | 8 | 1 | 16 | 12 |
| EPS in Rs | 7.96 | 3.46 | 5.19 | 6.29 | 3.12 | 2.50 | 3.03 | 2.30 | 2.35 | 0.33 | 4.72 | 3.49 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 291 | 414 | 516 | 420 | 475 | 588 | 643 |
| Expenses | 263 | 366 | 438 | 343 | 412 | 530 | 580 |
| Operating Profit | 28 | 48 | 77 | 77 | 63 | 57 | 63 |
| OPM % | 10% | 12% | 15% | 18% | 13% | 10% | 10% |
| Other Income | 2 | 2 | 5 | 8 | 6 | 11 | 12 |
| Interest | 6 | 4 | 3 | 3 | 2 | 3 | 3 |
| Depreciation | 7 | 7 | 6 | 6 | 8 | 23 | 25 |
| Profit before tax | 16 | 39 | 72 | 76 | 59 | 43 | 48 |
| Tax % | 31% | 26% | 25% | 24% | 25% | 25% | |
| Net Profit | 11 | 29 | 54 | 57 | 44 | 32 | 36 |
| EPS in Rs | 22.23 | 58.05 | 109.21 | 23.22 | 13.37 | 9.71 | 10.89 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 15% | 4% | 29% | ||
| Compounded Profit Growth | % | 24% | -16% | -1% | ||
| Stock Price CAGR | % | % | % | -15% | ||
| Return on Equity | % | 20% | 15% | 8% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 25 | 33 | 33 |
| Reserves | 52 | 82 | 136 | 176 | 364 | 397 |
| Borrowings | 47 | 44 | 25 | 63 | 2 | 43 |
| Other Liabilities | 21 | 20 | 26 | 17 | 18 | 23 |
| Total Liabilities | 126 | 150 | 192 | 281 | 417 | 496 |
| Fixed Assets | 64 | 58 | 53 | 48 | 195 | 273 |
| CWIP | 0 | 0 | 0 | 64 | 3 | 8 |
| Investments | 13 | 15 | 18 | 23 | 38 | 41 |
| Other Assets | 49 | 77 | 120 | 146 | 181 | 174 |
| Total Assets | 126 | 150 | 192 | 281 | 417 | 496 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 22 | 9 | 63 | 19 | 14 | 31 |
| Cash from Investing Activity | -6 | -1 | -40 | -56 | -103 | -70 |
| Cash from Financing Activity | -16 | -7 | -23 | 36 | 90 | 38 |
| Net Cash Flow | 0 | 0 | -0 | -0 | 1 | -1 |
| Free Cash Flow | 18 | 7 | 61 | -45 | -81 | -74 |
| CFO/OP | 92% | 31% | 104% | 52% | 43% | 68% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 9 | 10 | 9 | 10 | 16 | 20 |
| Inventory Days | 38 | 37 | 30 | 54 | 54 | 54 |
| Days Payable | 20 | 9 | 13 | 13 | 9 | 9 |
| Cash Conversion Cycle | 26 | 38 | 26 | 51 | 62 | 66 |
| Working Capital Days | 6 | 24 | 44 | 40 | 66 | 74 |
| ROCE % | 36% | 51% | 37% | 18% | 10% |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% |
| FIIs | 0.94% | 0.51% | 0.53% | 0.51% | 0.23% | 0.22% | 0.18% | 0.19% |
| DIIs | 3.66% | 3.66% | 3.66% | 3.66% | 3.66% | 3.66% | 3.66% | 3.69% |
| Public | 20.45% | 20.88% | 20.86% | 20.87% | 21.16% | 21.16% | 21.21% | 21.16% |
| No. of Shareholders | 39,880 | 41,020 | 40,080 | 39,424 | 38,258 | 36,786 | 35,095 | 34,320 |
Fundamentals
Market Cap₹ 413 Cr.
Current Price₹ 125
Stock P/E11.5
Book Value₹ 130
ROCE10.5 %
ROE7.75 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)29%
Compounded Profit Growth (TTM)-1%
Consolidated figures.
Valuation
Market capRs 401 Cr
Enterprise valueRs 442 Cr
P/E (TTM)11.17x
Price to book4.63x
Price to sales0.62x
EV / EBITDA5.84x
EV / EBIT8.74x
EV / sales0.69x
Price to cash flow45.93x
Earnings yield8.95%
Profitability
Operating margin (excl. other income)11.70%
Operating margin (incl. other income)12.10%
EBITDA margin11.75%
Pre-tax margin7.40%
Net profit margin5.58%
Net margin, latest quarter5.94%
ROE39.83%
ROCE36.45%
ROA20.78%
ROIC (approx.)29.66%
Tax rate25.51%
Other income / net worth1.93%
Growth
Sales growth (latest year)42.42%
Profit growth (latest year)161.15%
Sales growth QoQ13.88%
Profit growth QoQ-26.08%
Sales growth YoY (latest quarter)40.14%
Profit growth YoY (latest quarter)51.65%
Per share
EPS (TTM)Rs 10.90
EPS (latest year)Rs 58.05
EPS (latest quarter)Rs 3.49
Book value per shareRs 26.30
Sales per shareRs 195.15
Cash flow per shareRs 2.65
Free cash flow per shareRs -22.44
Efficiency
Asset turnover2.75x
Fixed asset turnover7.15x
Inventory turnover11.14x
Inventory days33 days
Debtor days10 days
Debtors turnover35.00x
Creditor days9 days
Cash conversion cycle66 days
Working capital days74 days
Leverage
Total debtRs 44 Cr
Cash and bankRs 4 Cr
Net debtRs 40 Cr
Debt to equity0.51x
Net debt / EBITDA0.53x
Interest coverage17.60x
Current ratio (filing 2026-03-31)7.15x
Quick ratio (filing 2026-03-31)3.82x
Trade payables (filing 2026-03-31)Rs 11 Cr
Owners' fund to total sources57.68%
Debt to assets29.32%
Cash flow
Cash from Operating Activity (latest year)Rs 9 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -74 Cr
FCFE (approx.: FCF + change in debt)Rs -77 Cr
Cash from ops / profit, 5 years0.63x
Sales to cash flow47.37x
Statement figures
Net sales (TTM)Rs 643 Cr
Net sales (latest year)Rs 414 Cr
Sales (latest quarter)Rs 194 Cr
Operating profit excl. other income (latest year)Rs 48 Cr
Operating profit (latest quarter)Rs 20 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 76 Cr
PBDT (TTM)Rs 73 Cr
Profit before tax (TTM)Rs 48 Cr
Tax (latest year)Rs 10 Cr
Net profit (TTM)Rs 36 Cr
Net profit (latest year)Rs 29 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 25 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 356 Cr
Total expenditure (latest year)Rs 366 Cr
Total income (latest year)Rs 416 Cr
Share capitalRs 5 Cr
ReservesRs 82 Cr
Shareholders' fundsRs 87 Cr
Total assetsRs 150 Cr
Net blockRs 58 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 15 Cr
ReceivablesRs 12 Cr
InventoryRs 32 Cr
Other liabilitiesRs 20 Cr
Shares outstanding (crore)3.30
Ownership
Promoter holding74.96% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | VRAJ | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.5% | -2.8% | -0.7 pts |
| 1 month | -2.5% | -6.8% | +4.3 pts |
| 3 months | +5.8% | -7.6% | +13.4 pts |
| 6 months | +28.6% | +0.4% | +28.2 pts |
| 1 year | -20.1% | -9.9% | -10.2 pts |
| 2 years | -53.7% | -13.6% | -40.2 pts |
Red flags
F-score 7 of 8| explain | High accruals Profit exceeded operating cash by 13% of total assets in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹194 Cr +40.6% vs Jun 2025.
Net profit ₹12 Cr +50.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| KIOCL Ltd | 20,427 | 525 | 1.35 % |
| S.A.L Steel Ltd | 1,403 | 1.08 % | |
| Chaman Metallics Ltd | 268 | 5.37 % | |
| Vaswani Industries Ltd | 145 | 8.76 % | |
| Bihar Sponge Iron Ltd | 110 | 9.40 | 16.2 % |
| Shri Hare-Krishna Sponge Iron Ltd | 64 | 10.4 | 7.76 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Vraj Iron & Steel Ltd?
Vraj Iron & Steel Ltd (VRAJ) has a market capitalisation of Rs 413 Cr. at the 2026-10-01 close.
What is the P/E ratio of Vraj Iron & Steel Ltd?
Vraj Iron & Steel Ltd trades at a P/E of 11.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were Vraj Iron & Steel Ltd's latest quarterly results?
In the Jun 2026 quarter, Vraj Iron & Steel Ltd sales was Rs 194 Cr (+40.6% vs Jun 2025) and net profit was Rs 12 Cr.
What is the 52-week high and low of Vraj Iron & Steel Ltd?
The 52-week high is Rs 155.75 and the 52-week low is Rs 93.00.