WEBSITE BSE:544204 NSE: VRAJ Inc. Year: 2004 Industry: Steel/Sponge Iron/Pig Iron My Bucket: Add Stock
Last updated: 15:56
Vraj Iron & Steel Limited, formerly known as Phil Ispat Pvt. Limited operate in the steel industry. Headquartered in Raipur, Vraj produces sponge iron, machining steel billets, and TMT bars under the Vraj brand. Founded by Mr. Nitin Shah in 2005, Vraj Iron & Steel's mission is to provide high-quality steel products that meet the stringent requirements of their clients. Their two manufacturing units in Raipur and Bilaspur contribute to a combined capacity of 231,600 tons per year. Vision is to cater to the carbon industry by processing raw petro...Read More
Vraj Iron & Steel Limited, formerly known as Phil Ispat Pvt. Limited operate in the steel industry. Headquartered in Raipur, Vraj produces sponge iron, machining steel billets, and TMT bars under the Vraj brand. Founded by Mr. Nitin Shah in 2005, Vraj Iron & Steel's mission is to provide high-quality steel products that meet the stringent requirements of their clients. Their two manufacturing units in Raipur and Bilaspur contribute to a combined capacity of 231,600 tons per year. Vision is to cater to the carbon industry by processing raw petroleum coke (RPC) into calcined petroleum coke (CPC), essential for steel and aluminum production. With a focus on efficiency and quality, Vraj Iron & Steel plays a vital role in the steel sector. by catering to demands made by infrastructure companies, construction giants and reknowned family offices. ...Read Less
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Market Cap ₹430 Cr.
Stock P/E 9.8
P/B 1
Current Price ₹130.4
Book Value ₹ 125.5
Face Value 10
52W High ₹193.3
Dividend Yield 0%
52W Low ₹ 93.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 115 | 81 | 119 | 115 | 88 | 120 | 153 | 138 | 133 | 146 |
| Other Income | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 2 |
| Total Income | 116 | 82 | 119 | 115 | 89 | 121 | 154 | 140 | 135 | 149 |
| Total Expenditure | 89 | 70 | 101 | 94 | 74 | 109 | 137 | 125 | 120 | 141 |
| Operating Profit | 27 | 12 | 19 | 22 | 15 | 12 | 17 | 15 | 15 | 7 |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 5 | 5 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 25 | 10 | 17 | 20 | 13 | 10 | 13 | 10 | 10 | 1 |
| Provision for Tax | 6 | 3 | 4 | 5 | 3 | 3 | 4 | 2 | 3 | 0 |
| Profit After Tax | 19 | 7 | 13 | 15 | 10 | 7 | 10 | 7 | 7 | 1 |
| Adjustments | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 0 |
| Profit After Adjustments | 20 | 9 | 13 | 16 | 10 | 8 | 10 | 8 | 8 | 1 |
| Adjusted Earnings Per Share | 8 | 2.6 | 5.2 | 6.3 | 3.1 | 2.5 | 3 | 2.3 | 2.3 | 0.3 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 291 | 414 | 516 | 420 | 475 | 570 |
| Other Income | 0 | 0 | 2 | 4 | 4 | 7 |
| Total Income | 291 | 414 | 517 | 424 | 479 | 578 |
| Total Expenditure | 263 | 366 | 439 | 343 | 412 | 523 |
| Operating Profit | 28 | 49 | 79 | 81 | 67 | 54 |
| Interest | 6 | 4 | 3 | 3 | 2 | 1 |
| Depreciation | 7 | 7 | 6 | 6 | 8 | 19 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 16 | 39 | 72 | 76 | 59 | 34 |
| Provision for Tax | 5 | 10 | 18 | 18 | 15 | 9 |
| Profit After Tax | 11 | 29 | 54 | 57 | 44 | 25 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Adjustments | 11 | 29 | 54 | 57 | 44 | 27 |
| Adjusted Earnings Per Share | 4.4 | 11.6 | 21.8 | 23.2 | 13.4 | 7.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 13% | 5% | 0% | 0% |
| Operating Profit CAGR | -17% | 11% | 0% | 0% |
| PAT CAGR | -23% | 15% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -17% | NA% | NA% | NA% |
| ROE Average | 15% | 32% | 31% | 31% |
| ROCE Average | 18% | 36% | 33% | 33% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Shareholder's Funds | 57 | 87 | 141 | 200 | 397 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 28 | 17 | 8 | 51 | 0 |
| Other Non-Current Liabilities | 4 | 4 | 5 | 5 | 7 |
| Total Current Liabilities | 39 | 49 | 52 | 41 | 25 |
| Total Liabilities | 128 | 158 | 206 | 298 | 429 |
| Fixed Assets | 64 | 58 | 53 | 48 | 195 |
| Other Non-Current Assets | 18 | 20 | 29 | 123 | 84 |
| Total Current Assets | 47 | 80 | 124 | 127 | 150 |
| Total Assets | 128 | 158 | 206 | 298 | 429 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 22 | 9 | 63 | 19 | 14 |
| Cash Flow from Investing Activities | -6 | -1 | -40 | -56 | -103 |
| Cash Flow from Financing Activities | -16 | -7 | -23 | 36 | 90 |
| Net Cash Inflow / Outflow | 0 | 0 | -0 | -0 | 1 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 1 |
| # | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 4.44 | 11.61 | 21.84 | 23.22 | 13.37 |
| CEPS(Rs) | 7.38 | 14.52 | 24.45 | 25.58 | 15.77 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 23.21 | 35.09 | 57 | 81.04 | 120.34 |
| Core EBITDA Margin(%) | 9.51 | 11.7 | 14.97 | 18.33 | 13.2 |
| EBIT Margin(%) | 7.59 | 10.37 | 14.61 | 18.77 | 12.81 |
| Pre Tax Margin(%) | 5.45 | 9.31 | 13.94 | 18.08 | 12.38 |
| PAT Margin (%) | 3.78 | 6.93 | 10.47 | 13.67 | 9.28 |
| Cash Profit Margin (%) | 6.28 | 8.67 | 11.72 | 15.06 | 10.95 |
| ROA(%) | 8.56 | 20.08 | 29.73 | 22.8 | 12.13 |
| ROE(%) | 19.14 | 39.83 | 47.44 | 33.65 | 14.76 |
| ROCE(%) | 21.38 | 36.94 | 51.42 | 37 | 18.45 |
| Receivable days | 8.77 | 8.3 | 8.75 | 10.62 | 12.57 |
| Inventory Days | 28.24 | 23.99 | 22.52 | 31.98 | 35.58 |
| Payable days | 19.99 | 11.38 | 10.21 | 15.32 | 9.74 |
| PER(x) | 0 | 0 | 0 | 0 | 11.52 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 1.28 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.16 | 0.11 | 0.04 | 0.11 | 0.99 |
| EV/Core EBITDA(x) | 1.7 | 0.89 | 0.24 | 0.57 | 7.04 |
| Net Sales Growth(%) | 0 | 42.43 | 24.55 | -18.58 | 13.14 |
| EBIT Growth(%) | 0 | 94.61 | 75.55 | 4.56 | -22.77 |
| PAT Growth(%) | 0 | 161.3 | 88.12 | 6.32 | -23.2 |
| EPS Growth(%) | 0 | 161.3 | 88.12 | 6.31 | -42.44 |
| Debt/Equity(x) | 0.8 | 0.49 | 0.16 | 0.31 | 0 |
| Current Ratio(x) | 1.21 | 1.63 | 2.37 | 3.09 | 6.05 |
| Quick Ratio(x) | 0.63 | 0.98 | 1.76 | 2.07 | 4.01 |
| Interest Cover(x) | 3.55 | 9.76 | 21.65 | 27.21 | 29.82 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 |
| # | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Promoter | 74.95 | 74.95 | 74.95 | 74.95 | 74.95 | 74.95 |
| FII | 0.94 | 0.51 | 0.52 | 0.51 | 0.23 | 0.22 |
| DII | 3.66 | 3.66 | 3.66 | 3.66 | 3.66 | 3.66 |
| Public | 20.44 | 20.87 | 20.86 | 20.88 | 21.15 | 21.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Promoter | 2.47 | 2.47 | 2.47 | 2.47 | 2.47 | 2.47 |
| FII | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| DII | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| Public | 0.67 | 0.69 | 0.69 | 0.69 | 0.7 | 0.7 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 |
* The pros and cons are machine generated.
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