VRAJ IRON AND STEEL LTD (VRAJ) financials

VRAJ IRON AND STEEL LTD (VRAJ) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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

Market Cap: ₹412Cr.
Current Price: ₹125
Stock P/E: 12.9
ROE: 7.39%
ROCE: 10.2%
Book Value: ₹126
Dividend Yield: 0.00%
52W High / Low: ₹159/93.0

In Jun 2026, VRAJ IRON AND STEEL LTD (VRAJ) reported sales ₹193.83 Cr and net profit ₹9.73 Cr.

Annual TTM: sales ₹643 Cr, net profit ₹32 Cr.

Shareholding: Promoters 74.96% (Sep 2026), FIIs 0.20% (Sep 2026), DIIs 3.69% (Sep 2026), Public 21.15% (Sep 2026), No. of Shareholders 33,259% (Sep 2026).

VRAJ quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	87.55	119.88	153.01	138.31	132.98	146.43	170.21	193.83
Expenses	73.97	108.69	136.64	125.08	119.57	141.26	145.30	173.96
Operating Profit	13.58	11.19	16.37	13.23	13.41	5.17	24.91	19.87
OPM %	15.51%	9.33%	10.70%	9.57%	10.08%	3.53%	14.63%	10.25%
Other Income	1.19	1.10	1.07	2.03	2.00	2.20	2.45	1.59
Interest	0.34	0.39	0.32	0.24	0.38	0.68	0.82	0.99
Depreciation	1.39	1.57	3.68	5.22	5.24	5.44	6.96	7.46
Profit before tax	13.04	10.33	13.44	9.80	9.79	1.25	19.58	13.01
Tax %	25.92%	27.49%	26.34%	25.20%	26.66%	20.00%	28.40%	25.21%
Net Profit	9.66	7.50	9.90	7.33	7.18	1.00	14.02	9.73
EPS in Rs	2.93	2.27	3.00	2.22	2.18	0.30	4.25	2.95
Raw PDF	—	—	—	—	—	—	—	—

VRAJ profit and loss (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	284	402	516	420	475	588	643
Expenses	256	354	438	343	412	530	580
Operating Profit	28	48	77	77	63	57	63
OPM %	10%	12%	15%	18%	13%	10%	10%
Other Income	0	0	2	4	4	9	8
Interest	6	4	3	3	2	3	3
Depreciation	7	7	6	6	8	23	25
Profit before tax	15	37	69	73	57	40	44
Tax %	33%	26%	26%	25%	26%	27%	—
Net Profit	10	28	51	54	42	30	32
EPS in Rs	3.94	11.13	20.69	21.89	12.68	8.95	9.68
Dividend Payout %	0%	0%	0%	0%	0%	0%	—

VRAJ balance sheet (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	25	33	33
Reserves	51	78	130	164	351	382
Borrowings	46	43	25	63	2	43
Other Liabilities	22	20	26	17	18	23
Total Liabilities	123	146	186	269	405	480
Fixed Assets	62	56	53	48	195	273
CWIP	0	0	0	64	3	8
Investments	11	11	12	11	25	26
Other Assets	50	78	120	146	181	174
Total Assets	123	146	186	269	405	480

VRAJ cash flows (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	24	7	63	19	14	31
Cash from Investing Activity	-6	-1	-40	-56	-103	-70
Cash from Financing Activity	-16	-6	-23	36	90	38
Net Cash Flow	2	1	-0	-0	1	-1
Free Cash Flow	20	6	61	-45	-81	-74
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	86%	15%	104%	52%	43%	68%

VRAJ shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%
FIIs	0.51%	0.53%	0.51%	0.23%	0.22%	0.18%	0.19%	0.20%
DIIs	3.66%	3.66%	3.66%	3.66%	3.66%	3.66%	3.69%	3.69%
Public	20.88%	20.86%	20.87%	21.16%	21.16%	21.21%	21.16%	21.15%
No. of Shareholders	41,020	40,080	39,424	38,258	36,786	35,095	34,320	33,259

VRAJ key ratios
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	9	11	9	10	16	20
Inventory Days	39	39	30	54	54	54
Days Payable	21	10	13	13	9	9
Cash Conversion Cycle	27	40	26	51	62	66
Working Capital Days	5	24	44	40	66	74
ROCE %	—	37%	51%	37%	18%	10%

VRAJUpdated 17 Oct 2026, 10:09

Vraj Iron And Steel Ltd

VRAJUpdated 17 Oct 2026, 10:09

Market Cap

₹412Cr.

Current Price

₹125

High / Low

₹159/93.0

Stock P/E

12.9

ROE7.39%

ROCE10.2%

Book Value₹126

Face Value₹10.0

Dividend Yield0.00%

About

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

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	105.68	0.6	83.91	1.04	1.45	20.76	25.82	15.4	6.23
Sep 2023	115.04	0.64	88.99	1.18	1.45	25.14	24.94	18.86	7.63
Dec 2023	80.6	0.71	69.86	1.27	1.48	9.82	26.07	7.26	2.94
Mar 2024	118.54	0.49	100.62	0.93	1.46	16.9	25.38	12.6	5.1
Jun 2024	114.6	0.5	93.52	0.47	1.3	19.75	25.16	14.78	5.98
Sep 2024	87.55	0.34	73.97	1.19	1.39	13.04	25.92	9.66	2.93
Dec 2024	119.88	0.39	108.69	1.1	1.57	10.33	27.49	7.5	2.27
Mar 2025	153.01	0.32	136.64	1.07	3.68	13.44	26.34	9.9	3
Jun 2025	138.31	0.24	125.08	2.03	5.22	9.8	25.2	7.33	2.22
Sep 2025	132.98	0.38	119.57	2	5.24	9.79	26.66	7.18	2.18
Dec 2025	146.43	0.68	141.26	2.2	5.44	1.25	20	1	0.3
Mar 2026	170.21	0.82	145.3	2.45	6.96	19.58	28.4	14.02	4.25
Jun 2026	193.83	0.99	173.96	1.59	7.46	13.01	25.21	9.73	2.95

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2021	284	6	256	0	7	15	33	10	3.94
Mar 2022	402	4	354	0	7	37	26	28	11.13
Mar 2023	516	3	438	2	6	69	26	51	20.69
Mar 2024	420	3	343	4	6	73	25	54	21.89
Mar 2025	475	2	412	4	8	57	26	42	12.68
Mar 2026	588	3	530	9	23	40	27	30	8.95
TTM	643	3	580	8	25	44	—	32	9.68

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	74.96%
FIIs	0.2%
DIIs	3.69%
Public	21.15%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2024	74.96%	0.94%	3.66%	20.45%
Dec 2024	74.96%	0.51%	3.66%	20.88%
Mar 2025	74.96%	0.53%	3.66%	20.86%
Jun 2025	74.96%	0.51%	3.66%	20.87%
Sep 2025	74.96%	0.23%	3.66%	21.16%
Dec 2025	74.96%	0.22%	3.66%	21.16%
Mar 2026	74.96%	0.18%	3.66%	21.21%
Jun 2026	74.96%	0.19%	3.69%	21.16%
Sep 2026	74.96%	0.2%	3.69%	21.15%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2021	5	51	46	22	123	62	0	11	50	123
Mar 2022	5	78	43	20	146	56	0	11	78	146
Mar 2023	5	130	25	26	186	53	0	12	120	186
Mar 2024	25	164	63	17	269	48	64	11	146	269
Mar 2025	33	351	2	18	405	195	3	25	181	405
Mar 2026	33	382	43	23	480	273	8	26	174	480

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2021	24	-6	-16	2
Mar 2022	7	-1	-6	1
Mar 2023	63	-40	-23	0
Mar 2024	19	-56	36	0
Mar 2025	14	-103	90	1
Mar 2026	31	-70	38	-1

Key ratios

Historical financial ratios

Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	9	11	9	10	16	20
Inventory Days	39	39	30	54	54	54
Days Payable	21	10	13	13	9	9
Cash Conversion Cycle	27	40	26	51	62	66
Working Capital Days	5	24	44	40	66	74
ROCE %	—	37%	51%	37%	18%	10%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of VRAJ IRON AND STEEL LTD (VRAJ)?

The reported market capitalisation for VRAJ IRON AND STEEL LTD (VRAJ) is ₹412Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of VRAJ?

The current price shown for VRAJ IRON AND STEEL LTD (VRAJ) on Fincrux is ₹125 with a 52-week high/low of ₹159/93.0.

What is the P/E ratio of VRAJ IRON AND STEEL LTD (VRAJ)?

The stock P/E for VRAJ IRON AND STEEL LTD (VRAJ) is 12.9 on Fincrux, with ROE at 7.39% and ROCE at 10.2%.

What were VRAJ latest quarterly results?

For Jun 2026, VRAJ IRON AND STEEL LTD (VRAJ) reported sales ₹193.83 Cr and net profit ₹9.73 Cr (figures in ₹ crore unless noted).

What are VRAJ annual sales and net profit?

For TTM, VRAJ IRON AND STEEL LTD (VRAJ) shows sales of ₹643 Cr and net profit of ₹32 Cr on the Fincrux profit & loss statement.

Who owns VRAJ IRON AND STEEL LTD (VRAJ)?

Latest shareholding for VRAJ IRON AND STEEL LTD (VRAJ) on Fincrux: Promoters 74.96% (Sep 2026), FIIs 0.20% (Sep 2026), DIIs 3.69% (Sep 2026), Public 21.15% (Sep 2026), No. of Shareholders 33,259% (Sep 2026).

Where can I find VRAJ IRON AND STEEL LTD (VRAJ) financials?

VRAJ IRON AND STEEL LTD (VRAJ) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show VRAJ balance sheet and cash flow?

Yes. The VRAJ IRON AND STEEL LTD (VRAJ) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 17 October 2026 at 10:09