Vardhman Special Steels shareholders and shareholding pattern
NSE: VSSLBSE: 534392Industrial ProductsSmall Cap
Last close ₹339.20down ₹9.85 (2.82%)BSE ₹339.70
Share price at the NSE close on 23 Oct 2026. Previous close ₹349.05.
52-week range of traded prices to 23 Oct 2026
₹206.40Low, 30 Mar 2026₹428.25High, 17 Sep 2026
- Next results date: the board meets on 27 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹3,280 Cr1,063rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 22 Jul 2026
- 22.9
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 8 May 2026
- 2.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.03%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 22 Jul 2026
- 13.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 22 Jul 2026
- 11.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 8 May 2026
- 0.07
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,11,51452.9% delivered
Who owns Vardhman Special Steels, filing by filing
Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.
Sep 2026 filing
- Promoters51.18%
- Foreign institutions0.57%
- Indian institutions2.52%
- Individuals and others45.73%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Foreign institutions
- Indian institutions
- Individuals and others
| Per cent | Dec 2016Filed 12 Jan | Mar 2017Filed 10 Apr | Jun 2017Filed 8 Jul | Sep 2017Filed 17 Oct | Dec 2017Filed 9 Jan | Mar 2018Filed 6 Aug | Jun 2018Filed 7 Jul | Sep 2018Filed 19 Oct | Dec 2018Filed 17 Jan | Mar 2019Filed 15 Apr | Jun 2019Filed 22 Jul | Sep 2019Filed 14 Oct | Dec 2019Filed 10 Jan | Mar 2020Filed 29 Apr | Jun 2020Filed 18 Jul | Sep 2020Filed 10 Oct | Dec 2020Filed 21 Jan | Mar 2021Filed 9 Apr | Jun 2021Filed 13 Jul | Sep 2021Filed 19 Oct | Dec 2021Filed 20 Jan | Mar 2022Filed 8 Apr | Jun 2022Filed 11 Jul | Sep 2022Filed 21 Oct | Dec 2022Filed 10 Jan | Mar 2023Filed 17 Apr | Jun 2023Filed 20 Jul | Sep 2023Filed 16 Oct | Dec 2023Filed 10 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 15 Jul | Sep 2024Filed 10 Oct | Dec 2024Filed 11 Jan | Mar 2025Filed 14 Apr | Jun 2025Filed 12 Jul | Sep 2025Filed 16 Oct | Dec 2025Filed 16 Jan | Mar 2026Filed 10 Apr | Jun 2026Filed 9 Jul | Sep 2026Filed 10 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 74.97% | 74.97% | 72.80% | 72.80% | 72.80% | 65.75% | 66.10% | 66.39% | 66.59% | 66.48% | 66.48% | 66.61% | 58.97% | 59.18% | 59.18% | 59.34% | 59.78% | 60.73% | 60.87% | 60.87% | 60.87% | 60.78% | 60.81% | 60.81% | 60.81% | 60.71% | 60.71% | 60.71% | 60.67% | 60.56% | 60.56% | 60.53% | 60.49% | 60.37% | 60.37% | 51.13% | 51.10% | 51.06% | 51.06% | 51.18% | |
| Indian promoters | 74.97% | 74.97% | 72.80% | 72.80% | 72.80% | 65.75% | 66.10% | 66.39% | 66.59% | 66.48% | 66.48% | 66.61% | 58.97% | 59.18% | 59.18% | 59.34% | 59.78% | 60.73% | 60.87% | 60.87% | 60.87% | 60.78% | 60.81% | 60.81% | 60.81% | 60.71% | 60.71% | 60.71% | 60.67% | 60.56% | 60.56% | 60.53% | 60.49% | 60.37% | 60.37% | 51.13% | 51.10% | 51.06% | 51.06% | 51.18% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. | 25.03% | 25.03% | 27.20% | 27.20% | 27.20% | 34.25% | 33.90% | 33.61% | 33.41% | 33.52% | 33.52% | 33.39% | 41.03% | 40.82% | 40.82% | 40.66% | 40.22% | 39.27% | 39.13% | 39.13% | 39.13% | 39.22% | 39.19% | 39.19% | 39.19% | 39.29% | 39.29% | 39.29% | 39.33% | 39.44% | 39.44% | 39.47% | 39.51% | 39.63% | 39.63% | 48.87% | 48.90% | 48.94% | 48.94% | 48.82% |
| Shares in issue | 1,85,55,376 | 1,85,55,376 | 3,21,25,376 | 3,21,25,376 | 3,21,25,376 | 3,56,97,376 | 3,56,97,376 | 3,56,97,376 | 3,56,97,376 | 3,57,58,623 | 3,57,58,623 | 3,57,64,873 | 4,03,94,502 | 4,03,94,502 | 4,03,94,502 | 4,03,94,502 | 4,03,94,502 | 4,05,07,000 | 4,05,07,000 | 4,05,07,000 | 4,05,07,000 | 4,05,61,164 | 4,05,61,164 | 4,05,61,164 | 4,05,61,164 | 4,06,27,414 | 8,12,54,828what Shares in issue, Jun 2023, includes. Bonus issue on 26 May 2023: 1 new share for every 1 held. Earlier filings count the shares before it. | 8,12,54,828 | 8,13,08,578 | 8,14,59,828 | 8,14,59,828 | 8,14,95,078 | 8,15,58,078 | 8,17,33,328 | 8,17,33,328 | 9,65,03,428 | 9,65,61,928 | 9,66,85,678 | 9,66,85,678 | 9,67,01,178 |
| Shares locked inShares locked in. Shares the filing reports as barred from sale until a set day, such as promoters' shares after a public issue or shares allotted to an investor directly. | – | – | – | – | – | – | – | – | – | – | – | – | 46,29,629 | 46,29,629 | 46,29,629 | 46,29,629 | – | – | – | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 92,59,258 | 2,40,29,358 | 1,47,70,100 | – | – | – |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Vardhman Special Steels promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is VARDHMAN TEXTILES LIMITED, 20.21%. The filing names 3 more members with no shares.Promoter buying and selling
| Holder | ||
|---|---|---|
| VARDHMAN TEXTILES LIMITEDIndian companies, trusts and others | 20.21% | 1,95,44,558 |
| SACHIT JAINIndividuals and Hindu undivided families | 11.64% | 1,12,59,292 |
| VARDHMAN HOLDINGS LIMITEDIndian companies, trusts and others | 10.79% | 1,04,37,908 |
| DEVAKAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITEDIndian companies, trusts and others | 4.58% | 44,30,032 |
| MAHAVIR SHARES TRUST (DEEPAK JAIN, TRUSTEE)Indian companies, trusts and others | 1.10% | 10,65,822 |
| VTL INVESTMENTS LIMITEDIndian companies, trusts and others | 0.78% | 7,56,000 |
| SHRI PAUL OSWALIndividuals and Hindu undivided families | 0.46% | 4,41,404 |
| FLAMINGO FINANCE AND INVESTMENT COMPANY LIMITEDIndian companies, trusts and others | 0.41% | 3,93,672 |
| SANTON FINANCE AND INVESTMENT COMPANY LIMITEDIndian companies, trusts and others | 0.35% | 3,37,066 |
| RAMANIYA FINANCE AND INVESTMENT COMPANY LIMITEDIndian companies, trusts and others | 0.32% | 3,13,352 |
| SUCHITA JAINIndividuals and Hindu undivided families | 0.19% | 1,80,534 |
| SHAKUN OSWALIndividuals and Hindu undivided families | 0.11% | 1,02,382 |
No promoter shares are reported as pledged.
Largest public holders of Vardhman Special Steels, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016Filed 12 Jan | Mar 2017Filed 10 Apr | Jun 2017Filed 8 Jul | Sep 2017Filed 17 Oct | Dec 2017Filed 9 Jan | Mar 2018Filed 6 Aug | Jun 2018Filed 7 Jul | Sep 2018Filed 19 Oct | Dec 2018Filed 17 Jan | Mar 2019Filed 15 Apr | Jun 2019Filed 22 Jul | Sep 2019Filed 14 Oct | Dec 2019Filed 10 Jan | Mar 2020Filed 29 Apr | Jun 2020Filed 18 Jul | Sep 2020Filed 10 Oct | Dec 2020Filed 21 Jan | Mar 2021Filed 9 Apr | Jun 2021Filed 13 Jul | Sep 2021Filed 19 Oct | Dec 2021Filed 20 Jan | Mar 2022Filed 8 Apr | Jun 2022Filed 11 Jul | Sep 2022Filed 21 Oct | Dec 2022Filed 10 Jan | Mar 2023Filed 17 Apr | Jun 2023Filed 20 Jul | Sep 2023Filed 16 Oct | Dec 2023Filed 10 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 15 Jul | Sep 2024Filed 10 Oct | Dec 2024Filed 11 Jan | Mar 2025Filed 14 Apr | Jun 2025Filed 12 Jul | Sep 2025Filed 16 Oct | Dec 2025Filed 16 Jan | Mar 2026Filed 10 Apr | Jun 2026Filed 9 Jul | Sep 2026Filed 10 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AICHI STEEL CORPORATIONForeign companies | – | – | – | – | – | – | – | – | – | – | – | – | 11.46% | 11.46% | 11.46% | 11.46% | 11.46% | 11.43% | 11.43% | 11.43% | 11.43% | 11.41% | 11.41% | 11.41% | 11.41% | 11.40% | 11.40% | 11.40% | 11.39% | 11.37% | 11.37% | 11.36% | 11.35% | 11.33% | 11.33% | 24.90% | 24.88% | 24.85% | 24.85% | 24.85% |
| DEEP J MASTERResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.02% | 1.49% | 1.73% | 1.95% | 2.01% | 2.23% | 2.47% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.45% | 2.45% | 2.45% | 2.45% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% |
| CATAMARAN VENTURES LLPOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.02% | 1.02% |
| ANIL KUMAR GOELResident individuals, over ₹2 lakh at face value | 1.89% | 3.82% | 4.26% | 4.26% | 4.13% | 3.72% | 3.72% | 3.72% | 3.72% | 3.71% | 3.71% | 3.72% | 3.29% | 3.29% | 3.29% | 3.29% | 3.29% | 3.28% | 3.13% | 2.50% | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% | 2.24% | 2.23% | 2.15% | 1.19% | 1.18% | 1.01% | – | – | – | – | – | – | – | – | – |
| MUKUL MAHAVIR AGRAWALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.28% | 1.28% | 1.28% | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MUKUL AGRAWALResident individuals, over ₹2 lakh at face value | – | – | – | 1.56% | 1.56% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.24% | 1.24% | 1.24% | 1.24% | 1.28% | 1.28% | 1.28% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SUNDARAM ALTERNATIVE OPPORTUNITIES FUND NANO CAP SERIES IAlternative investment funds | – | – | – | – | – | 3.80% | 3.80% | 3.80% | 3.80% | 3.79% | 3.85% | 3.88% | 3.43% | 3.52% | 3.52% | 3.56% | 3.68% | 1.55% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SUNDARAM ALTERNATIVE OPPORTUNITIES FUND NANO CAP SERIES IIAlternative investment funds | – | – | – | – | – | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.26% | 1.27% | 1.12% | 1.13% | 1.13% | 1.08% | 1.08% | 1.07% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SANJAY DEVKINANDAN GUPTAResident individuals, over ₹2 lakh at face value | 2.80% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.