Flash Finance

Vraj Iron and Steel LimitedVRAJCorporate

Steel - Sponge Iron Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹124.78
MCap ₹412 Cr · P/E 13.9
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🏭 Metal sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹170 Cr
Sales · Mar 2026
+11.1% YoY
₹25 Cr
Operating Profit · Mar 2026
+52.8% YoY
14.7%
OPM % · Mar 2026
+37.4% YoY
₹14 Cr
Net Profit · Mar 2026
+41.4% YoY
₹4.25
EPS · Mar 2026
+32.4% YoY

📝 Vraj Iron and Steel Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Vraj Iron and Steel Limited reported revenue of ₹170 crore for the quarter ended March 2026 (Q4 FY26), up 11.1% from ₹153 crore in the same quarter last year, and up 16.1% sequentially over the December 2025 quarter.

Net profit rose 41.4% year-on-year to ₹14 crore, from ₹10 crore. Earnings per share (EPS) came in at ₹4.25.

Operating profit stood at ₹25 crore — an operating margin (OPM) of 14.7%, compared with 10.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Vraj Iron and Steel Limited posted revenue of ₹588 crore, a growth of 23.7% over FY25, with a net profit of ₹30 crore (down 29.5% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹588 crore with a net profit of ₹30 crore.

Valuation snapshot

At the current price of ₹124.78, VRAJ has a market capitalisation of ₹412 crore and a trailing P/E of about 13.9.

Within the Steel - Sponge Iron industry, it is the 2nd-largest of the 4 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 74.95%, foreign institutional investors (FIIs) 0.20%, domestic institutional investors (DIIs) 3.69%, public shareholders 21.16% of Vraj Iron and Steel Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹412 Cr
Current Price ?
₹124.8
P/E ?
13.95below ind
Industry P/E ?
54.40
P/B ?
0.99
P/S ?
0.70
P/FCF ?
-5.56
Enterprise Value ?
₹455 Cr
EV/EBITDA ?
8.00
PEG ?
N/A
Earnings Yield ?
7.5%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹588 Cr
OPM ?
9.7%
Profit after tax (TTM) ?
₹30 Cr
EPS (TTM) ?
₹8.95
ROCE ?
10.0%
ROE ?
7.1%
ROA ?
6.1%
Growth
Sales — latest qtr ?
₹170 Cr
PAT — latest qtr ?
₹14 Cr
YoY qtr sales growth ?
11.1%
YoY qtr profit growth ?
41.4%
Sales growth (3y) ?
4%
Sales growth (5y) ?
16%
Profit growth (3y) ?
-17%
Profit growth (5y) ?
25%
Financial Health
Debt ?
₹43 Cr
Debt to Equity ?
0.10
Interest Coverage ?
14.7
Current Ratio ?
N/A
Ownership
Promoter holding ?
74.95%
Change in promoter holding ?
-0.01%
Pledged percentage ?
N/A
Market
Return 3 months ?
-7.7%
Return 6 months ?
-4.3%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 1391061158111911588120153138133146170 +11.1% +16.1%
Operating Profit 1222261118211411161313525 +52.8% +382.9%
Other Income 1111101112222 +86.9% -9.0%
Interest 1111000000011 +212.5% +46.2%
Depreciation 2111111245557 +90.3% +28.7%
Profit Before Tax 1121251017201310131010120 +48.8% +1500.0%
Net Profit 81519713151071077114 +41.4% +1304.2%
EPS 16.0031.157.632.945.105.983.352.483.212.222.180.304.25 +32.4% +1316.7%
OPM % 8.6% 20.8% 22.6% 13.6% 15.1% 18.4% 15.5% 9.3% 10.7% 9.6% 10.1% 3.5% 14.7% +37.4% +320.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹475 Cr ₹588 Cr ₹588 Cr +23.7%
Operating Profit ₹62 Cr ₹57 Cr ₹57 Cr -8.7%
OPM % 13.10% 9.67% 9.67% -26.2%
NPM % 8.81% 5.02% 5.02% -43.0%
Other Income ₹4 Cr ₹8 Cr ₹8 Cr +114.8%
Depreciation ₹8 Cr ₹23 Cr ₹23 Cr +188.9%
Interest ₹2 Cr ₹2 Cr ₹2 Cr +48.4%
EBIT ₹54 Cr ₹34 Cr ₹34 Cr -37.5%
PBT ₹57 Cr ₹41 Cr ₹41 Cr -27.8%
Tax ₹15 Cr ₹5 Cr ₹5 Cr -63.8%
Net Profit ₹42 Cr ₹30 Cr ₹30 Cr -29.5%
EPS ₹15.02 ₹8.95 ₹8.95 -40.4%
Material Cost ₹346 Cr ₹335 Cr ₹335 Cr -3.1%
Employee Cost ₹11 Cr ₹11 Cr ₹11 Cr -3.9%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 5253333 +0.0%
Reserves 130164351382 +8.8%
Borrowings 2563243 +2050.0%
Other Liabilities 26171823 +27.8%
Total Liabilities 186269405480 +18.5%
Fixed Assets 5348195273 +40.0%
CWIP 06437 +133.3%
Investments 12112526 +4.0%
Other Assets 120146181174 -3.9%
Total Assets 186269405480 +18.5%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Free Cash Flow 61-45-81-74 +8.6%
Cash from Operating Activity 63191431 +121.4%
Cash from Investing Activity -40-56-103-70 +32.0%
Cash from Financing Activity -23369038 -57.8%
Net Cash Flow -0-01-1 -200.0%
CFO/OP 104%52%43%68% +58.1%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 9101620 +25.0%
Inventory Days 30545454 +0.0%
Days Payable 131399 +0.0%
Cash Conversion Cycle 26516266 +6.5%
Working Capital Days 44406674 +12.1%
ROCE % 51%37%18%10% -44.4%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 % Chg
Promoters 74.96%74.96%74.96%74.96%74.95%74.95% +0.0%
FIIs 0.51%0.23%0.22%0.18%0.19%0.20% +5.3%
DIIs 3.66%3.66%3.66%3.66%3.69%3.69% +0.0%
Public 20.87%21.16%21.16%21.21%21.17%21.16% -0.0%
No. of Shareholders 39,42438,25836,78635,09534,32033,259 -3.1%

⚖️ Peer comparison

Industry: Steel - Sponge Iron · 4 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 SALSTEEL S.A.L. Steel ₹85.88 1,243 102.2 167 12 20.1% 7.4% -61.9% 94.7% -31.6% 131.9%
2 VRAJ Vraj Iron ₹125.00 412 12.9 588 32 9.7% 5.5% 23.7% -26.4% 11.1% 59.8%
3 CMNL Chaman Metallics ₹67.95 164 — 542 -5 7.4% -0.8% — — 326.7% -155.5%
4 VASWANI Vaswani Industries ₹46.50 153 — 471 -0 9.4% -0.0% 13.5% -50.7% 3.1% -78.7%
❓ Frequently asked questions
What was Vraj Iron and Steel Limited's revenue in Q4 FY26?
Vraj Iron and Steel Limited reported revenue of ₹170 crore for the quarter ended March 2026 (Q4 FY26), up 11.1% from ₹153 crore in the same quarter last year, and up 16.1% sequentially over the December 2025 quarter.
What was Vraj Iron and Steel Limited's net profit in Q4 FY26?
Net profit rose 41.4% year-on-year to ₹14 crore, from ₹10 crore. Earnings per share (EPS) came in at ₹4.25.
What is VRAJ's market capitalisation and P/E ratio?
At the current price of ₹124.78, VRAJ has a market capitalisation of ₹412 crore and a trailing P/E of about 13.9.
Who owns Vraj Iron and Steel Limited? (shareholding pattern)
As of Sep 2026, promoters held 74.95%, foreign institutional investors (FIIs) 0.20%, domestic institutional investors (DIIs) 3.69%, public shareholders 21.16% of Vraj Iron and Steel Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI