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

• Market Cap: ₹4.78B
• Dividend Yield: N/A
• Average Volume (3M): 2.23K
• Price to Earnings (P/E): 13.2
• Beta (1Y): 1.72
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 302
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 2.30
• Shares Outstanding: 32,982,620
• 10 Day Avg. Volume: 1,413
• 30 Day Avg. Volume: 2,232
• PEG Ratio: -0.29
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 1.03
• P/FCF Ratio: -6.03
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹163.00 ▲(12.41% Upside)

The overall stock score of 63 reflects strong revenue growth and a solid financial structure, but is tempered by declining profitability and liquidity challenges. Technical indicators suggest a bearish trend, while the valuation is reasonable but lacks a dividend yield. The absence of earnings call and corporate events data limits further insights.

Vraj Iron & Steel Ltd. Business Overview & Revenue Model

Company Description

Vraj Iron and Steel Limited manufactures and sells sponge iron, MS billets, and TMT bars under the Vraj brand in India. The company also offers iron pellets, steel billets, TMT wire rods and structural mills, and ferroalloy products; and by-products, such as dolochar, pellets, and pig iron. It sells its products directly, as well as through brokers and dealers to industrial customers and end-users. The company was incorporated in 2004 and is based in Raipur, India. Vraj Iron and Steel Limited operates as a subsidiary of Gopal Sponge and Power Private Limited.

How the Company Makes Money

Vraj Iron & Steel Ltd. generates revenue primarily through the sale of its iron and steel products. The company's key revenue streams include direct sales to construction firms, automotive manufacturers, and industrial machinery producers. Additionally, VRAJ engages in strategic partnerships with distributors and retailers to expand its market reach. The company may also benefit from long-term contracts with major industrial clients, ensuring a stable and predictable income flow. Furthermore, VRAJ invests in research and development to enhance product quality and operational efficiency, which can lead to cost savings and increased profitability.

Vraj Iron & Steel Ltd. Financial Statement Overview

Summary

Vraj Iron & Steel Ltd. shows strong revenue growth and a solid equity base, reducing financial risk. However, declining profitability and cash flow challenges present areas of concern. The company needs to focus on improving operational efficiencies and enhancing cash flow management to sustain growth and financial health.

Income Statement

Vraj Iron & Steel Ltd. has demonstrated solid revenue growth, increasing from 2024 to 2025. However, the gross profit margin and EBIT margin have decreased slightly, indicating pressure on operational efficiency. The net profit margin also shows a downward trend, which may suggest increased costs or inefficiencies. Overall, the income statement reflects strong revenue growth but with declining profitability metrics.

Balance Sheet

The company has a strong equity position with a high equity ratio, indicating financial stability. The debt-to-equity ratio has improved significantly, reflecting reduced leverage and risk. Return on Equity (ROE) has decreased, which suggests that profitability in relation to shareholder equity has declined. Overall, the balance sheet shows a solid financial structure with reduced debt and high equity, but declining profitability.

Cash Flow

The cash flow statement reveals a challenging situation with negative free cash flow in 2025, indicating potential liquidity issues. The operating cash flow to net income ratio is positive but decreasing, which could impact future operations. Despite negative free cash flow, the company managed to maintain positive operating cash flow, suggesting some operational cash generation capacity. Overall, the cash flow reflects liquidity challenges and the need for improved cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.99B	4.75B	4.20B	5.16B	4.14B	2.91B
Gross Profit	1.27B	1.32B	1.35B	749.15M	446.70M	226.18M
EBITDA	607.69M	683.02M	764.37M	813.15M	496.62M	278.80M
Net Income	361.38M	440.87M	574.08M	539.97M	287.04M	109.85M
Balance Sheet
Total Assets	0.00	4.17B	2.81B	1.92B	1.51B	1.26B
Cash, Cash Equivalents and Short-Term Investments	398.65M	401.42M	369.59M	52.64M	2.78M	1.08M
Total Debt	0.00	22.81M	632.67M	245.55M	440.85M	473.51M
Total Liabilities	-3.97B	203.96M	801.81M	506.24M	636.35M	686.11M
Stockholders Equity	3.97B	3.97B	2.00B	1.41B	871.39M	573.88M
Cash Flow
Free Cash Flow	0.00	-812.82M	-449.47M	601.20M	39.63M	126.43M
Operating Cash Flow	0.00	136.35M	192.20M	616.81M	87.44M	165.92M
Investing Cash Flow	0.00	-1.03B	-555.13M	-420.07M	-13.59M	-60.01M
Financing Cash Flow	0.00	900.64M	362.80M	-196.88M	-72.15M	-161.49M

Vraj Iron & Steel Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 145.00
• 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 Neutral. The current price of 145 is below the 20-day moving average (MA) of 147.37, below the 50-day MA of 150.34, and below the 200-day MA of 166.02, indicating a neutral trend. The MACD of -1.28 indicates Negative momentum. The RSI at 48.64 is Neutral, neither overbought nor oversold. The STOCH value of 40.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
VRAJ	63 Neutral	₹4.78B	13.23	―	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SALSTEEL	57 Neutral	₹3.43B	-21.08	―	―	4.71%	-3228.92%
SHAHALLOYS	52 Neutral	₹1.59B	-8.47	―	―	-69.90%	27.84%
ZENITHSTL	51 Neutral	₹1.21B	39.03	―	―	-24.55%	―
IMPEXFERRO	41 Neutral	₹167.07M	―	―	―	-100.00%	73.66%