
As of FY25, Vardhman Special Steels had total assets of ₹2,347 crore and borrowings of ₹433 crore, against shareholders' equity of ₹1,745 crore — a debt-to-equity ratio of 0.35.
As at each financial year end, newest first. H1 = half-year.
| Item | FY25 |
|---|---|
| Equity capital | 120 |
| Reserves | 1,625 |
| Borrowings | 433 |
| Other liabilities | 289 |
| Total liabilities | 2,347 |
| Fixed assets | 1,264 |
| Capital work in progress | 45 |
| Investments | 542 |
| Other assets | 542 |
| Total assets | 2,347 |
Source: Company filings (consolidated), in ₹ crore. Data as of 9 October 2026. How this data is compiled.
Vardhman Special Steels reported borrowings of ₹433 crore as of FY25.
Based on the FY25 balance sheet, Vardhman Special Steels' debt-to-equity ratio is 0.35 — borrowings of ₹433 crore against equity capital and reserves of ₹1,745 crore.
Vardhman Special Steels' total assets were ₹2,347 crore as of FY25, including fixed assets of ₹1,264 crore and investments of ₹542 crore.
The book value per share of Vardhman Special Steels is ₹131.02, based on the latest reported balance sheet.
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