Vardhman Special Steel (VSSL) is among India’s leading steel bar producers for automotive applications. It has specialised product offerings, which include steel bars, rods & bright bars of various categories of special & alloy steel. • VSSL, incorporated in May 2010, is headquartered in Ludhiana, Punjab • In August 2019, VSSL entered into a strategic alliance with Aichi Steel Corporation (ASC) Japan, the main material producer for Toyota Group wherein ASC had participated in equity andentered into a Technical Assistance Agreement.
OutlookWe introduce FY25 numbers and now value VSSL on an FY25 basis. We upgrade the stock from HOLD to BUY. We value VSSL at Rs 425 i.e. 7x FY25E EV/EBITDA.
For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Vardhman Special Steel - 17 -03 - 2023 - iciciDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
