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Swing Capital

Vraj Iron & Steel Ltd

NSE: VRAJ BSE: 544204Metal

Incorporated in June 2004, Vraj Iron and Steel Limited manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand -''Vraj''[1]

₹118
52W: ₹93 — ₹189
PE 15.4 · Book ₹121 · -2% vs book
Market Cap₹390 Cr
Stock P/E15.4Price to Earnings
ROCE18.4%Return on Capital
ROE14.6%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Stock is trading at 0.98 times its book value
  • +Company is expected to give good quarter
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend

Shareholding Pattern

Promoters74.96%
FIIs0.18%
DIIs3.66%
Public21.21%
CategorySep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.96%74.96%74.96%74.96%74.96%74.96%74.96%
FIIs0.94%0.51%▼0.40.53%▲0.00.51%▼0.00.23%▼0.30.22%▼0.00.18%▼0.0
DIIs3.66%3.66%3.66%3.66%3.66%3.66%3.66%
Public20.45%20.88%▲0.420.86%▼0.020.87%▲0.021.16%▲0.321.16%21.21%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales115.0480.6118.54114.687.55119.88153.01138.31132.98146.43
Expenses88.9969.86100.6293.5273.97108.69136.64125.08119.57141.26
Operating Profit26.0510.7417.9221.0813.5811.1916.3713.2313.415.17
OPM %22.64%13.33%15.12%18.39%15.51%9.33%10.7%9.57%10.08%3.53%
Net Profit18.867.2612.614.789.667.59.97.337.181
EPS ₹7.632.945.15.982.932.2732.222.180.3

AI Insights

Revenue Trend

TTM revenue at ₹571Cr, up 20.2% YoY. OPM at 8%.

Debt Position

Borrowings at ₹27Cr. Debt-to-equity ratio: 0.07x. Healthy balance sheet.

Capex Cycle

CWIP at ₹31Cr (16% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 3.66% (+0.00pp change). FIIs: 0.18% (-0.76pp change). Promoters hold 74.96%.

Margin & Efficiency

ROCE improving from 0% (Mar 2021) to 18% (Mar 2025). Working capital days: 66.

Valuation

PE 15.4x with 18.4% ROCE. Price is -2% above book value of ₹121. Dividend yield: 0%.

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