Vraj Iron & Steel Ltd. (VRAJ) AI Stock Analysis

• Market Cap: ₹4.00B
• Dividend Yield: N/A
• Average Volume (3M): 2.80K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 1.65
• Revenue Growth: 29.01%
• EPS Growth: -0.59%
• Country: IN
• Employees: 492
• Sector: General
• Sector Strength: N/A
• Industry: Steel
• EPS (TTM): 10.89
• Shares Outstanding: 32,982,620
• 10 Day Avg. Volume: 1,241
• 30 Day Avg. Volume: 2,802
• PEG Ratio: -0.30
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.53
• P/FCF Ratio: -4.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹132.00 ▲(0.65% Upside)
• Action: Reiterated
• Date: 10/18/26

Positive Factors

Multi-year revenue expansion

Material revenue expansion over the multi-year period indicates that Vraj Iron & Steel has increased its business scale and customer activity. Even with uneven annual growth, a larger revenue base can support better operating leverage and provide a platform for future volume development.

Negative Factors

Sharp margin compression

The sharp decline in gross and net margins shows that profitability has weakened materially despite the company’s larger revenue base. Persistent margin pressure reduces earnings resilience, limits internal funding capacity, and makes future results more sensitive to pricing and cost conditions.

Vraj Iron & Steel Ltd. Business Overview & Revenue Model

Company Description

Vraj Iron and Steel Limited, an Indian company established in Raipur in 2004, specializes in the production and distribution of diverse iron and steel materials. Their core product line, marketed under the 'Vraj' brand, encompasses sponge iron, MS...

Read more

Vraj Iron and Steel Limited, an Indian company established in Raipur in 2004, specializes in the production and distribution of diverse iron and steel materials. Their core product line, marketed under the 'Vraj' brand, encompasses sponge iron, MS...

How the Company Makes Money

Vraj Iron & Steel Ltd. primarily makes money by manufacturing iron and steel intermediates and selling them to customers in the steel value chain. Key revenue streams include: (1) sale of sponge iron (direct reduced iron), typically sold to steelm...

Read more

Vraj Iron & Steel Ltd. primarily makes money by manufacturing iron and steel intermediates and selling them to customers in the steel value chain. Key revenue streams include: (1) sale of sponge iron (direct reduced iron), typically sold to steelm...

Vraj Iron & Steel Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	6.43B	5.88B	4.75B	4.20B	5.16B	4.14B
Gross Profit	1.00B	945.94M	1.32B	1.35B	749.15M	446.70M
EBITDA	693.70M	678.83M	683.02M	764.37M	813.15M	496.62M
Net Income	359.26M	320.05M	440.87M	574.08M	539.97M	287.04M
Balance Sheet
Total Assets	0.00	4.96B	4.17B	2.81B	1.92B	1.51B
Cash, Cash Equivalents and Short-Term Investments	59.77M	56.86M	401.42M	369.59M	52.64M	2.78M
Total Debt	0.00	426.38M	22.81M	632.67M	245.55M	440.85M
Total Liabilities	-4.30B	657.32M	203.96M	801.81M	506.24M	636.35M
Stockholders Equity	4.30B	4.30B	3.97B	2.00B	1.41B	871.39M
Cash Flow
Free Cash Flow	-324.72M	-744.22M	-812.82M	-449.47M	601.20M	39.63M
Operating Cash Flow	3.50M	307.23M	136.35M	192.20M	616.81M	87.44M
Investing Cash Flow	-247.26M	-716.69M	-1.03B	-555.13M	-420.07M	-13.59M
Financing Cash Flow	239.35M	402.00M	900.64M	362.80M	-196.88M	-72.15M

Vraj Iron & Steel Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 131.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VRAJ, the sentiment is Negative. The current price of 131.15 is above the 20-day moving average (MA) of 122.08, above the 50-day MA of 123.50, and above the 200-day MA of 123.67, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 45.56 is Neutral, neither overbought nor oversold. The STOCH value of 57.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VRAJ.

Vraj Iron & Steel Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANAKSTEEL	64 Neutral	₹7.14B	9.25	―	―	80.77%	283.94%
VRAJ	62 Neutral	₹4.00B	11.15	―	―	29.01%	-0.59%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SURAJLTD	52 Neutral	₹3.67B	44.10	―	0.75%	-10.28%	127.94%
BEDMUTHA	51 Neutral	₹3.48B	20.44	―	―	51.93%	45.78%
VSTL	50 Neutral	₹1.83B	24.11	―	―	20.90%	-36.24%