Vardhman Special Steels Limited (VSSL) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.059x

Based on the latest financial reports, Vardhman Special Steels Limited (VSSL) has a cash flow conversion efficiency ratio of 0.059x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs709.09 Million ≈ $7.67 Million USD) by net assets (Rs12.08 Billion ≈ $130.65 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See debt-free asset ratio of Vardhman Special Steels Limited to measure how much of total assets are equity-financed.

Vardhman Special Steels Limited - Cash Flow Conversion Efficiency Trend (2011–2026)

This chart illustrates how Vardhman Special Steels Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check how high is Vardhman Special Steels Limited's earnings quality to evaluate the quality of earnings relative to operating cash generation.

Vardhman Special Steels Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Vardhman Special Steels Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Liberty Latin America Ltd NASDAQ:LILA	0.041x
Lime Technologies AB (publ) ST:LIME	0.132x
LIBERTY LAT.AMER.A DL-01 F:1LL	0.434x
Avalo Therapeutics Inc NASDAQ:AVTX	-0.179x
Aeris Resources Ltd AU:AIS	0.215x
HLE Glascoat Limited NSE:HLEGLAS	0.121x
Cuckoo Homesys Co Ltd KO:284740	0.015x
Baillie Gifford European Growth Trust PLC LSE:BGEU	0.003x

Annual Cash Flow Conversion Efficiency for Vardhman Special Steels Limited (2011–2026)

The table below shows the annual cash flow conversion efficiency of Vardhman Special Steels Limited from 2011 to 2026. For the full company profile with market capitalisation and key ratios, see how much is Vardhman Special Steels Limited worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2026-03-31	Rs12.77 Billion ≈ $138.14 Million	Rs1.06 Billion ≈ $11.45 Million	0.083x	-47.89%
2025-03-31	Rs7.98 Billion ≈ $86.29 Million	Rs1.27 Billion ≈ $13.72 Million	0.159x	-19.66%
2024-03-31	Rs7.19 Billion ≈ $77.80 Million	Rs1.42 Billion ≈ $15.40 Million	0.198x	+72.80%
2023-03-31	Rs6.42 Billion ≈ $69.45 Million	Rs735.75 Million ≈ $7.96 Million	0.115x	+7.98%
2022-03-31	Rs5.55 Billion ≈ $60.02 Million	Rs588.80 Million ≈ $6.37 Million	0.106x	-44.13%
2021-03-31	Rs4.59 Billion ≈ $49.68 Million	Rs872.39 Million ≈ $9.43 Million	0.190x	-42.00%
2020-03-31	Rs4.14 Billion ≈ $44.73 Million	Rs1.35 Billion ≈ $14.65 Million	0.327x	+728.86%
2019-03-31	Rs3.62 Billion ≈ $39.15 Million	Rs-188.47 Million ≈ $-2.04 Million	-0.052x	-257.59%
2018-03-31	Rs3.39 Billion ≈ $36.70 Million	Rs112.10 Million ≈ $1.21 Million	0.033x	-90.38%
2017-03-31	Rs1.98 Billion ≈ $21.42 Million	Rs680.35 Million ≈ $7.36 Million	0.343x	+19.94%
2016-03-31	Rs1.75 Billion ≈ $18.92 Million	Rs501.00 Million ≈ $5.42 Million	0.286x	+248.42%
2015-03-31	Rs1.70 Billion ≈ $18.36 Million	Rs-327.49 Million ≈ $-3.54 Million	-0.193x	+0.15%
2014-03-31	Rs1.86 Billion ≈ $20.09 Million	Rs-358.95 Million ≈ $-3.88 Million	-0.193x	-168.56%
2013-03-31	Rs1.95 Billion ≈ $21.11 Million	Rs550.14 Million ≈ $5.95 Million	0.282x	+946.73%
2012-03-31	Rs1.90 Billion ≈ $20.58 Million	Rs51.25 Million ≈ $554.28K	0.027x	+157.25%
2011-03-31	Rs1.64 Billion ≈ $17.78 Million	Rs-77.34 Million ≈ $-836.40K	-0.047x	--

About Vardhman Special Steels Limited

NSE:VSSL India Steel

Market Cap

$317.87 Million

Rs29.39 Billion INR

Market Cap Rank

#14445 Global

#731 in India

Share Price

Rs304.00

Change (1 day)

-0.25%

52-Week Range

Rs208.40 - Rs314.95

All Time High

Rs332.16