Vardhman Special Steels Limited (VSSL) — Cash Flow Quality Index
Vardhman Special Steels Limited (VSSL) has a Cash Flow Quality Index of 1.30x as of September 2025. Operating cash flow of Rs709.09 Million exceeds net income of Rs544.59 Million, indicating high earnings quality where cash backs reported profits. Explore Vardhman Special Steels Limited (VSSL) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Vardhman Special Steels Limited Cash Flow Quality Index (2011–2026)
Historical Cash Flow Quality Index for Vardhman Special Steels Limited across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Vardhman Special Steels Limited operating cash flow efficiency.
Annual Cash Flow Quality Index for Vardhman Special Steels Limited (2011–2026)
Year-by-year earnings quality comparison for Vardhman Special Steels Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 0.65x | Rs1.06 Billion | Rs1.64 Billion | ▼ -52.7% |
| 2025 | 1.36x | Rs1.27 Billion | Rs930.88 Million | ▼ -12.3% |
| 2024 | 1.55x | Rs1.42 Billion | Rs916.28 Million | ▲ +183.7% |
| 2023 | 0.55x | Rs735.75 Million | Rs1.34 Billion | ▲ +47.3% |
| 2022 | 0.37x | Rs588.80 Million | Rs1.58 Billion | ▼ -71.7% |
| 2021 | 1.31x | Rs872.39 Million | Rs663.77 Million | ▲ +254.4% |
| 2019 | -0.85x | Rs-188.47 Million | Rs221.39 Million | ▼ -290.6% |
| 2018 | 0.45x | Rs112.10 Million | Rs250.96 Million | ▼ -87.4% |
| 2017 | 3.56x | Rs680.35 Million | Rs191.34 Million | ▼ -63.0% |
| 2016 | 9.61x | Rs501.00 Million | Rs52.13 Million | ▲ +46.6% |
| 2013 | 6.56x | Rs550.14 Million | Rs83.91 Million | ▲ +5214.8% |
| 2012 | 0.12x | Rs51.25 Million | Rs415.49 Million | ▲ +117.1% |
| 2011 | -0.72x | Rs-77.34 Million | Rs107.27 Million | — |