Vedanta Iron & Steel
Vedanta Iron & Steel
Metals & MiningKey Fundamentals
MicrocapIron & SteelMetals & MiningTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
1- Company has low interest coverage ratio.
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 15d agoVedanta Iron & Steel Ltd (VISL) is a small-cap commodities company with a market cap of ₹15,200 Cr that is currently loss-making with a negative P/E of -5.2. The stock trades at an elevated P/B of 38.84 with no dividend yield and has a low interest coverage ratio, indicating financial stress.
- Market cap of ₹15,200 Cr provides reasonable scale within the Indian iron & steel space, suggesting established operations
- Part of the Vedanta group ecosystem which provides potential access to integrated raw material supply chains and operational synergies
- Iron & steel sector benefits from India's infrastructure push and government capex spending projected at ₹11.1 lakh Cr in FY25
- India's steel demand growth of 7-8% annually driven by urbanization and construction provides a structural tailwind for domestic producers
- Negative P/E of -5.2 implies the company is near breakeven, and any cyclical upturn in steel prices could swing earnings positive rapidly
- Zero dividend yield means the company can reinvest all cash flows into capacity expansion or debt reduction if operations improve
- Commodities sector positioning offers natural inflation hedge as steel prices tend to rise with broader price levels
- Negative P/E of -5.2 confirms the company is currently loss-making with no earnings to support its valuation
- Price-to-book ratio of 38.84 is extremely elevated for a steel company, where peers typically trade at 1-3x book value
- Low interest coverage ratio flagged as a known concern indicates debt servicing pressure on already negative earnings
- Zero dividend yield offers no income cushion to investors during periods of capital loss
- ROE and ROCE data are unavailable (null), suggesting either inconsistent profitability or reporting gaps that limit visibility
- Debt-to-equity ratio is unavailable (null), making it impossible to assess leverage and balance sheet health accurately
- No reported EPS figure combined with negative P/E suggests sustained losses rather than a one-time event
- Growth metrics (sales CAGR, profit CAGR, stock CAGR) are all unreported, indicating lack of consistent operational track record
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 12d ago- ₹39.58 Cr GST credit dispute Aug 28
ESL Steel received a demand-cum-show cause notice from GST authorities in Ranchi alleging wrongful availment of input tax credit totaling ₹39.58 crore for FY21-FY23.
- ₹51.23 Cr excess ITC allegation Aug 8
ESL Steel received a ₹51.23 crore GST intimation for alleged excess ITC availment on imports from FY21 to FY23. The company states no material financial impact.
- ₹15.74 Cr GST short payment notice Aug 26
ESL Steel faces a GST show cause notice for alleged short payments during FY21-23 totaling ₹15.74 crore. The company expects no material financial impact.
- ₹5L penalty for disclosure lapse Aug 7
ESL Steel received a Show Cause Notice from ROC Ranchi for failing to disclose director remuneration ratios in FY2019, with proposed penalties of ₹5 lakh for the company and ₹1 lakh for its ex-CFO.
- Investor meet scheduled Sep 1 Aug 27
Vedanta Iron & Steel will hold an in-person and virtual investor meet in Mumbai on September 1, 2026, as part of the Ashwamedh-Elara India Dialogue.
- ESL Steel auditor change post-demerger Aug 26
Lodha & Co LLP resigned as statutory auditor of ESL Steel, aligning with the Group Auditor Framework following the demerger from Vedanta Limited.
- ESL Steel exempted from ROC penalty Aug 26
ESL Steel received an ROC adjudication order for director remuneration disclosure non-compliance for FY16-18 but was exempted from penalty under IBC 2016.
- Q1FY27 earnings call transcript out Aug 4
Vedanta Iron & Steel released its Q1FY27 earnings conference call transcript for the quarter ended June 30, 2026, with unaudited results available on the company website.
TL;DR: VISL's subsidiary ESL Steel faces a cluster of GST notices totaling over ₹106 crore across FY21-23, though management maintains these will have no material financial impact. There are no notable positive catalysts in the recent news flow. The post-demerger housekeeping (auditor changes, ROC orders) is progressing routinely. The upcoming Sep 1 investor meet could provide forward guidance, but the accumulating tax disputes warrant monitoring for any escalation risk.
Quarterly Results
| Particulars | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 3,095 | 3,863 | 3,662 |
| Expenses | 2,768 | 3,310 | 3,154 |
| Operating Profit | 327 | 553 | 508 |
| OPM % | 11% | 14% | 14% |
| Other Income | 267 | -1,289 | 99 |
| Interest | 461 | 440 | 207 |
| Depreciation | 199 | 212 | 225 |
| PBT | -66 | -1,388 | 175 |
| Tax % | 120% | 40% | 31% |
| Net Profit | -145 | -1,939 | 121 |
| EPS in Rs | -14,200 | -1,91,300 | 0.31 |
Profit & Loss
| Particulars | Mar 2026 |
|---|---|
| Sales | 13,587 |
| Expenses | 12,460 |
| Operating Profit | 1,127 |
| OPM % | 8% |
| Other Income | -672 |
| Interest | 1,816 |
| Depreciation | 801 |
| PBT | -2,162 |
| Tax % | 36% |
| Net Profit | -2,935 |
| EPS in Rs | -2,88,200 |
| Div. Payout % | 0% |
Balance Sheet
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity Capital | 0.01 | — |
| Reserves | 0 | — |
| Borrowings | 0 | — |
| Other Liabilities | 0 | — |
| Total Liabilities | 0 | — |
| Fixed Assets | 0 | — |
| CWIP | 0 | — |
| Investments | 0 | — |
| Other Assets | 0 | — |
| Total Assets | 0 | — |
Cash Flow
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | 0 | 0 |
| Investing | 0 | 0 |
| Financing | 0 | 0 |
| Net Cash Flow | 0 | 0 |
| Free Cash Flow | 0 | 0 |
| CFO/OP | 200 | 0 |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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31 extracted metrics + investor summaries across FY25–FY27.
Documents
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Company Information
Vedanta Iron & Steel Ltd is a mining and steel-producing company demerged from the Vedanta Group. It operates primarily across India and Africa, producing iron ore, wire rods, TMT bars, pig iron, ductile iron pipes, and metallurgical coke.[1]
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