Vardhman Special Steels Limited (VSSL) — Financial Flexibility Index
Vardhman Special Steels Limited (VSSL) has a Financial Flexibility Index of 0.58x as of September 2025. Free cash flow of Rs2.05 Billion (operating CF Rs709.09 Million minus capex Rs1.34 Billion) represents 1% of total liabilities (Rs3.51 Billion). Check VSSL capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Vardhman Special Steels Limited Financial Flexibility Index (2011–2026)
Historical Financial Flexibility Index trend for Vardhman Special Steels Limited across 16 annual periods. See VSSL net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Vardhman Special Steels Limited (2011–2026)
Year-by-year free cash flow to debt coverage for Vardhman Special Steels Limited. For the full company profile including market capitalisation, see market cap of Vardhman Special Steels Limited.
| Year | Flexibility Index | Free Cash Flow (INR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.98x | Rs3.48 Billion | Rs1.06 Billion | Rs3.56 Billion | ▲ +34.7% |
| 2025 | 0.73x | Rs2.46 Billion | Rs1.27 Billion | Rs3.38 Billion | ▲ +10.7% |
| 2024 | 0.66x | Rs2.10 Billion | Rs1.42 Billion | Rs3.20 Billion | ▲ +149.1% |
| 2023 | 0.26x | Rs1.02 Billion | Rs735.75 Million | Rs3.88 Billion | ▲ +2.4% |
| 2022 | 0.26x | Rs941.80 Million | Rs588.80 Million | Rs3.66 Billion | ▼ -8.6% |
| 2021 | 0.28x | Rs967.23 Million | Rs872.39 Million | Rs3.43 Billion | ▼ -41.3% |
| 2020 | 0.48x | Rs1.71 Billion | Rs1.35 Billion | Rs3.57 Billion | ▲ +316.5% |
| 2019 | 0.12x | Rs608.11 Million | Rs-188.47 Million | Rs5.27 Billion | ▲ +61.0% |
| 2018 | 0.07x | Rs241.64 Million | Rs112.10 Million | Rs3.37 Billion | ▼ -70.5% |
| 2017 | 0.24x | Rs1.01 Billion | Rs680.35 Million | Rs4.15 Billion | ▲ +41.5% |
| 2016 | 0.17x | Rs748.15 Million | Rs501.00 Million | Rs4.36 Billion | ▲ +1831.1% |
| 2015 | -0.01x | Rs-44.13 Million | Rs-327.49 Million | Rs4.45 Billion | ▼ -117.4% |
| 2014 | 0.06x | Rs215.80 Million | Rs-358.95 Million | Rs3.78 Billion | ▼ -88.6% |
| 2013 | 0.50x | Rs1.95 Billion | Rs550.14 Million | Rs3.88 Billion | ▲ +393.3% |
| 2012 | 0.10x | Rs285.62 Million | Rs51.25 Million | Rs2.81 Billion | ▲ +269.4% |
| 2011 | -0.06x | Rs-55.66 Million | Rs-77.34 Million | Rs925.96 Million | — |