Vraj Iron and Steel
- Market cap
- ₹ 394 Cr.
- P/E
- 11.5x
- P/B
- 0.93x
- 52-week range
- 93 – 152.57
- ROE
- 8%
- ROCE
- 11%
- Dividend yield
- 0%
- Debt / equity
- 0.1
- Sector
- Ferrous Metals
- Industry
- Sponge Iron
- Listed on
- NSE, BSE
About
Vraj Iron and Steel Limited is an India-based company, which is engaged in the manufacturing and trading of iron and steel and power. The Company is involved in manufacturing of sponge iron, mild steel (M.S.) billets, and thermo mechanically treated (TMT) bars under the brand Vraj. It has two manufacturing units at Raipur and Bilaspur in Chhattisgarh. Its product includes Sponge Iron, TMT Bar, MS Billets and by-products, Dolochar, Pellet and Pig Iron, cater to a mix of customers that consists of industrial customers and end-users. Its MS billets are a semifinished casting product produced in a steel melting shop that needs to be further processed to transform them into a finished good. Sponge iron is the key raw material required to manufacture high quality steel. It has an installed capacity of producing over 1,20,000 metric tons annually and is in expansion mode. The Company has a capacity of five megawatts of power plant for its captive use.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Sponge Iron: 7 companies →Vraj Iron and Steel 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)11.5 against a typical 19.2: cheaper than most peers (1st = cheapest).3rd of 7
- Sales growth+40.6% against a typical +21.8% from a year earlier.3rd of 6
- Profit growth+50% against a typical −30.9% from a year earlier.1st of 4
- Share price, 3 months−0.9% against a typical −5.7%.3rd of 7
- Size₹ 394.1 Cr. market value against a typical ₹ 201.9 Cr. (1st = largest).2nd of 6
Latest announcements
Exchange filings and their impact on the company.
- 15 Oct 2026Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvalsLow impactPositivePrice +1.9% that dayVraj gets fresh ToR for its greenfield steel plant, keeping long-term expansion alive with no near-term revenue.
Vraj Iron and Steel has received fresh Terms of Reference from the Ministry of Environment, Forest and Climate Change for its proposed greenfield steel plant project. The ToR is an early clearance step needed to carry out environmental impact studies before any construction can start. It keeps the company's long-term expansion plan alive but means no new revenue or profit from the project in the next 12 months.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A- by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE A- | Stable | 26 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 Feb 2026 | Reaffirmed | CARE A- | — | CARE | ₹ 128 Cr. | |
| 9 Jan 2026 | Reaffirmed | CARE A- | — | CARE | ₹ 70 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 28 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 14 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 12 Feb 2026 | Financial Results/Other business matters | To consider and approve the unaudited financial results (Standalone and Consolidated) for the period ended December 31, 2025, and other business matters. |
| 12 Nov 2025 | Financial Results/Other business matters | To consider and approve the unaudited financial results for the period ended September 30, 2025 and other business matters |
| 9 Aug 2025 | Financial Results/Other business matters | To consider and approve the Unaudited financial results for the period ended Jun 30, 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 115 | 81 | 119 | 115 | 88 | 120 | 153 | 138 | 133 | 146 | 170 | 194 |
| Expenses | 89 | 70 | 101 | 94 | 74 | 109 | 137 | 125 | 120 | 141 | 145 | 174 |
| Operating Profit | 26 | 11 | 18 | 21 | 14 | 11 | 16 | 13 | 13 | 5 | 25 | 20 |
| OPM % | 23% | 13% | 15% | 18% | 16% | 9% | 11% | 10% | 10% | 3.5% | 15% | 10% |
| Other Income | 2 | 3 | 1 | 1 | 2 | 2 | 1 | 2 | 3 | 2 | 4 | 3 |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 5 | 5 | 7 | 7 |
| Profit before tax | 26 | 11 | 17 | 21 | 14 | 11 | 14 | 10 | 10 | 1 | 21 | 15 |
| Tax % | 24% | 23% | 25% | 24% | 25% | 26% | 26% | 25% | 25% | 19% | 26% | 22% |
| Net Profit | 20 | 9 | 13 | 16 | 10 | 8 | 10 | 8 | 8 | 1 | 16 | 12 |
| EPS in Rs | 7.96 | 3.46 | 5.19 | 6.29 | 3.12 | 2.5 | 3.03 | 2.3 | 2.35 | 0.33 | 4.72 | 3.49 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 15%
- 3 Years
- 4%
- TTM
- 29%
- 10 Years
- —
- 5 Years
- 24%
- 3 Years
- −16%
- TTM
- −1%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 20%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Vraj Iron and Steel | ₹ 125.60 | ₹ 394 Cr. | 11.5x | 0.9x | 8% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Vijay Anand Jhanwar
- Executive Chairman of the Board, Managing Director
- Shriram Verma
- Chief Financial Officer
- Priya Namdeo
- Compliance Officer, Company Secretary
- Prasant Kumar Mohta
- Whole-Time Director
- Praveen Somani
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.