Vedanta Iron And Steel Ltd

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA by CRISIL.
• ResultsMixedIn the Jun 2026 quarter, sales were ₹3,662 Cr and profit ₹121 Cr.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 56% of the company, about the same as in Jun 2026.
• ValuationCheap vs its pastThe share trades at 17.3 times its yearly earnings (P/E), cheaper than 96% of the time in the last 1 years. Its usual P/E is about 22.

Vedanta Iron And Steel Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)17.3 against a typical 14.3: pricier than most peers (1st = cheapest).10th of 15
• Share price, 3 months−13.7% against a typical −9.3%.12th of 15
• Size₹ 10,253 Cr. market value against a typical ₹ 8,906.7 Cr. (1st = largest).7th of 14

Exchange filings and their impact on the company.

• 27 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyLow impactNegativePrice −5% on 28 Oct
  Subsidiary got Rs 11.8-cr GST show-cause notice; negligible near-term financial impact.

  Subsidiary ESL Steel received a GST Demand-cum-Show Cause Notice on 26 October 2026 for FY 2022-23 to 2023-24. The notice proposes recovery of Rs 11.77 crore of GST and input tax credit, plus interest and penalty. The company says it is examining the notice and does not expect any significant financial or operational impact.

  Full analysisFiling
• 27 Oct 2026Press ReleaseMedium impactPositivePrice −5% on 28 Oct
  H1 EBITDA jumped 54% to Rs 598 cr and losses narrowed sharply with a new AA rating, setting up a stronger H2.

  Vedanta Iron and Steel reported H1 FY27 revenue of Rs 6,450 crore, up 8%, and EBITDA of Rs 598 crore, up 54%, with margin at 9%. The H1 loss narrowed to Rs 203 crore from Rs 622 crore last year, while Q2 revenue was Rs 2,788 crore with EBITDA of Rs 83 crore. CRISIL assigned an AA/Stable rating and net external debt to EBITDA stood at 1.3 times, supporting a stronger second half after planned shutdowns.

  Full analysisFiling
• 27 Oct 2026Outcome of Board MeetingHigh impactPositivePrice −5% on 28 Oct
  Q2 loss narrowed YoY but slumped QoQ, while Rs 13,138 cr debt waiver repaired the balance sheet and halved interest costs.

  Vedanta Iron and Steel reported Q2 FY27 consolidated revenue of Rs 2,788 crore with a net loss of Rs 324 crore, narrower than the Rs 477 crore loss a year ago but down from a profit in Q1 on weak iron ore volumes. Finance costs fell to Rs 171 crore from Rs 431 crore last year after group companies waived Rs 13,138 crore of loans owed by subsidiary Bloom Fountain. As a result total equity turned positive to Rs 5,971 crore from negative Rs 6,531 crore in March, with borrowings down sharply, which should lower interest burden going forward.

  Full analysisFiling
• 27 Oct 2026Options to purchase securitiesLow impactNeutralPrice −5% on 28 Oct
  Granted 2.08cr ESOPs at Re1 with 3-year vesting; negligible impact in next 12 months.

  Vedanta Iron and Steel's Nomination and Remuneration Committee on October 27, 2026 granted 2,07,77,868 stock options under VISL ESOP 2026. Each option converts to one Rs1 face-value share at an exercise price of Rs1, with vesting after 36 months subject to performance conditions and exercise within 8 months of vesting. With vesting 3 years away, there is no near-term dilution, only a small annual ESOP cost and improved employee retention.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Pankaj Kumar Sharma

Whole Time Director, Chief Executive Officer

Navin Kumar Jaju

Chief Financial Officer

Tina Lakhani

Company Secretary, Compliance Officer