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Vedanta Iron & Steel

VISL NSE
₹27.10 No trade today
P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 4 Nov 2026 ₹27.10 +6.04 +28.7% since 15 Jun 2026
Start ₹21.06

Key Fundamentals

MicrocapFerrous MetalsMetals & Mining

Price-based figures as of · TTM

ROCE
—
Debt to Equity
—
EPS (TTM)
−₹5.40
Book Value
₹14.94
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
1.81
ROE
—
Dividend Yield
0.00%
EBITDA
−₹3.00 L
52W High
₹44.78
52W Low
₹19.06
Volume
0

Peer Comparison

Commodities › Metals & Mining › Iron & Steel

Vedanta Iron & Steel peer comparison
₹1,343.0011.55₹3,24,536 Cr2.900.54%10.20%11.00%₹1,99,021 Cr₹31,708 Cr
₹179.9320.38₹2,21,171 Cr2.232.27%11.70%12.50%₹2,39,756 Cr₹11,263 Cr
₹1,149.0043.11₹1,14,107 Cr2.240.18%8.22%9.70%₹56,413 Cr₹2,709 Cr
₹170.4916.49₹69,475 Cr1.131.40%6.57%7.92%₹1,11,135 Cr₹4,272 Cr
₹688.8017.48₹56,473 Cr2.670.59%17.70%19.30%₹44,026 Cr₹3,239 Cr
₹441.2013.77₹15,290 Cr1.930.47%15.10%16.90%₹5,665 Cr₹1,151 Cr
₹39.49136.17₹11,356 Cr0.880.00%0.45%3.06%₹13,938 Cr₹84 Cr
Vedanta Iron & Steel (this company)
₹27.10—₹10,323 Cr1.810.00%——₹14,457 Cr−₹2,516 Cr
Median 8 companies₹310.5717.48₹62,974 Cr2.080.51%10.20%11.00%₹50,220 Cr₹2,974 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

No strengths listed

Weaknesses

1
  • Company has low interest coverage ratio.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish6103
OscillatorsBearish261
Moving AveragesBearish442

Key readings

RSI (14)
42.96
Neutral
MACD (12,26,9)
−1.49
Bullish
SMA (50)
31.42
Bearish
SMA (200)
—
Neutral

As of

Growth Rate

From the financial statements below. 1Y: fiscal year to Mar 2026 against Mar 2025.

Operating cash flow

Operating cash flow growth by window
1YZero base

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

AI Analysis — Bull vs Bear

Generated 29 Aug 2026
AI opinion · based on fundamentals
Risk high

Vedanta 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.

Bull Case 7
  • 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
Bear Case 8
  • 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

65d ago

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.

Headwinds 4
  • ₹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.

Neutral 4
  • 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.

Quarterly Results

₹ Cr
VISL quarterly results, ₹ crore
Particulars Jun 2025Mar 2026Jun 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 (₹)
−14,200
−1,91,300
0.31

Profit & Loss

₹ Cr
VISL profit and loss, annual, ₹ crore
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 (₹)
−2,88,200
Div. Payout %
0%

Balance Sheet

₹ Cr
VISL balance sheet, annual, ₹ crore
Particulars Mar 2025Mar 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

₹ Cr
VISL cash flow, annual, ₹ crore
Particulars Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Vedanta Iron & Steel insights

31 extracted metrics across FY25–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 56.38%
  • Public 22.80%
  • DIIs 9.24%
  • Others 7.40%
  • FIIs 4.11%
  • Government 0.06%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Vedanta Iron & Steel

What does Vedanta Iron & Steel Ltd do?
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.
Where is Vedanta Iron & Steel Ltd (VISL) listed?
Vedanta Iron & Steel Ltd trades as VISL on the NSE and under code 544784 on the BSE.
Which sector does Vedanta Iron & Steel Ltd belong to?
Vedanta Iron & Steel Ltd is classified under the Metals & Mining sector, in the Iron & Steel industry.
What is the 52-week high and low of Vedanta Iron & Steel Ltd?
Over the last 52 weeks Vedanta Iron & Steel Ltd has traded between ₹19.06 and ₹44.78 as of 4 Nov 2026.

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.

Listed 15 Jun 2026
Face Value ₹1

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