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 Vardhman Special Steels Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

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.

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
Alvarium Tiedemann Holdings Inc. NASDAQ:ALTI	-0.004x
Lantronix Inc NASDAQ:LTRX	0.029x
Qumei Furniture Group Co Ltd SHG:603818	0.062x
WCM Beteiligungs- und Grundbesitz-AG F:WCMK	-0.005x
Jiangxi Haiyuan Composites Technology Co Ltd SHE:002529	0.405x
Dropsuite Ltd AU:DSE	0.104x
Komax Holding AG SW:KOMN	0.014x
Shanghai Huaming Intelligent Terminal Equipment Co Ltd SHE:300462	0.029x

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 VSSL market cap.

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

$296.12 Million

Rs27.38 Billion INR

Market Cap Rank

#14995 Global

#750 in India

Share Price

Rs283.20

Change (1 day)

-1.91%

52-Week Range

Rs208.40 - Rs314.95

All Time High

Rs332.16