Vraj Iron & Steel Share Price & Earnings Call Analysis
- Market cap
- ₹413 Cr
- P/E
- 11.50
- ROE
- 7.75%
- PEG
- -0.72
- Price to sales
- 0.64
- Debt to equity
- 0.10
- 52W high / low
- ₹146 / ₹94.7
- Sales growth (5Y)
- 15.13%
- EBITDA margin
- 9.85%
- Net profit margin
- 5.45%
- Promoter holding
- 74.95%
- Sales (last year)
- ₹643 Cr
Incorporated in June 2004, Vraj Iron and Steel Limited manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand -''Vraj''[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Ferrous Metals
on management's own guidance
- Jindal SteelGood growth2
- Strong growth1
- Indian MetalsGood growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Ferrous Metals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹52 Cr | 8.3 | |
| 2 | Jindal Steel | 20–40% | Flat | ₹1.08L Cr | 33.6 |
| 3 | Indian Metals | 20–40% | Flat | ₹5,888 Cr | 11.2 |
| 4 | 20–40% | Flat | ₹5,614 Cr | 38.4 | |
| 5 | 10–20% | Up 0–2% | ₹7,209 Cr | 18.2 | |
| 6 | 10–20% | Flat | ₹3.05L Cr | 19.4 |
Sign up free to see every company in the sector ranking and track Vraj Iron.
Pro shows every company guiding 40%+ revenue growth →Full Ferrous Metals rankingFinancials of Vraj Iron
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Vraj Iron
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 139 | 106 | 115 | 81 | 119 | 115 | 88 | 120 | 153 | 138 | 133 | 146 | 170 |
| Expenses + | 127 | 84 | 89 | 70 | 101 | 94 | 74 | 109 | 137 | 125 | 120 | 141 | 145 |
| Operating Profit | 12 | 22 | 26 | 11 | 18 | 21 | 14 | 11 | 16 | 13 | 13 | 5 | 25 |
| OPM % | 9% | 21% | 23% | 13% | 15% | 18% | 16% | 9% | 11% | 10% | 10% | 4% | 15% |
| Other Income + | 1 | 2 | 2 | 3 | 1 | 1 | 2 | 2 | 1 | 2 | 3 | 2 | 4 |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 5 | 5 | 7 |
| Profit before tax | 11 | 22 | 26 | 11 | 17 | 21 | 14 | 11 | 14 | 10 | 10 | 1 | 21 |
| Tax % | 30% | 25% | 24% | 23% | 25% | 24% | 25% | 26% | 26% | 25% | 25% | 19% | 26% |
| Net Profit + | 8 | 16 | 20 | 9 | 13 | 16 | 10 | 8 | 10 | 8 | 8 | 1 | 16 |
| EPS in Rs | 15.49 | 33.03 | 7.96 | 3.46 | 5.19 | 6.29 | 3.12 | 2.50 | 3.03 | 2.30 | 2.35 | 0.33 | 4.72 |
Financials of Vraj Iron
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 291 | 414 | 516 | 420 | 475 | 588 |
| Expenses + | 263 | 366 | 438 | 343 | 412 | 531 |
| Operating Profit | 28 | 48 | 77 | 77 | 63 | 57 |
| OPM % | 10% | 12% | 15% | 18% | 13% | 10% |
| Other Income + | 2 | 2 | 5 | 8 | 6 | 11 |
| Interest | 6 | 4 | 3 | 3 | 2 | 2 |
| Depreciation | 7 | 7 | 6 | 6 | 8 | 23 |
| Profit before tax | 16 | 39 | 72 | 76 | 59 | 43 |
| Tax % | 31% | 26% | 25% | 24% | 25% | 25% |
| Net Profit + | 11 | 29 | 54 | 57 | 44 | 32 |
| EPS in Rs | 22.23 | 58.05 | 109.21 | 23.22 | 13.37 | 9.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Vraj Iron
Balance Sheet
Capital structure and asset base
| 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 | 382 |
| Borrowings + | 47 | 44 | 25 | 63 | 2 | 43 |
| Other Liabilities + | 21 | 20 | 26 | 17 | 18 | 23 |
| Total Liabilities | 126 | 150 | 192 | 281 | 417 | 480 |
| Fixed Assets + | 64 | 58 | 53 | 48 | 195 | 273 |
| CWIP | 0 | 0 | 0 | 64 | 3 | 7 |
| Investments | 13 | 15 | 18 | 23 | 38 | 26 |
| Other Assets + | 49 | 77 | 120 | 146 | 181 | 174 |
| Total Assets | 126 | 150 | 192 | 281 | 417 | 480 |
Financials of Vraj Iron
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 22 | 9 | 63 | 19 | 14 | |
| Cash from Investing Activity + | -6 | -1 | -40 | -56 | -103 | |
| Cash from Financing Activity + | -16 | -7 | -23 | 36 | 90 | |
| Net Cash Flow | 0 | 0 | -0 | -0 | 1 | |
| Free Cash Flow | 18 | 7 | 61 | -45 | -81 | |
| CFO/OP | 92% | 31% | 104% | 52% | 43% |
Financials of Vraj Iron
Ratios
Working capital efficiency and return ratios
| 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% | 11% |
Continue your research
Others in Ferrous Metals this season
- Sarda Energy (Q2 FY27)
1,453 Cr, down 5% YoY from Rs. Key investor presentation takeaways from Sarda Energy & Minerals Ltd's Q2 FY27 investor presentation — and how it ranks against s
- Steel Authority of India Ltd (Q2 FY27)
Capex of around INR 1 lakh crores planned over 4 years to increase capacity from 20 to 35 million tons across 4 plants. Key concall takeaways from Steel…
- Vedanta Iron & Steel (Q2 FY27)
Q2 FY27 Revenue:** ₹2,788 crore, down 2% YoY (Page 8) . Key investor presentation takeaways from Vedanta Iron & Steel Ltd's Q2 FY27 investor presentation — and
- JSW Steel (Q2 FY27)
Q2 FY27 Revenue from Operations:** ₹54,486 crore (Page 5) . Key investor presentation takeaways from JSW Steel Ltd's Q2 FY27 investor presentation — and how it
