---
title: "Vidarbha Iron & Steel Corporation Ltd (504991) — Share Price, Financials & Analysis"
symbol: "504991"
company: "Vidarbha Iron & Steel Corporation Ltd"
canonical: "https://tapetide.com/stocks/504991"
isin: "INE392D01017"
bse_code: "504991"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T20:00:04.176Z"
---

# Vidarbha Iron & Steel Corporation Ltd (504991)

Canonical page: https://tapetide.com/stocks/504991

## Company

- **BSE Code:** 504991
- **ISIN:** INE392D01017
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2009-10-05
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** facorsteel.com

## About

Vidarbha Iron & Steel Corporation engaged in the production of sponge iron and other steel products then supplies its products to automobile, railways, defence and engineering sectors.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -83.3% over last 3 years.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 69% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Jun 2018 | Mar 2019 | Jun 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.05 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.04 | 0.03 | 0.05 | 0.04 | 0.02 | 0.04 | 0.04 | 0.03 | 0.03 | 0 | 0.12 | 0.04 |
| Operating Profit | 0.01 | 0.02 | -0.05 | -0.04 | -0.02 | -0.04 | -0.04 | -0.03 | -0.03 | 0 | -0.12 | -0.04 |
| OPM % | 20 | 40 | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 0.01 | 0.02 | -0.05 | -0.04 | -0.02 | -0.04 | -0.05 | -0.03 | -0.04 | -0.01 | -0.13 | -0.05 |
| Tax % | 0 | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.01 | 0.01 | -0.04 | -0.04 | -0.02 | -0.04 | -0.05 | -0.03 | -0.04 | -0.01 | -0.13 | -0.04 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.21 | 0.21 | 3 | 12.96 | 7.85 | 0.21 | 0.21 | 0 | 0 | 0 |
| Expenses | 0.11 | 0.05 | 2.83 | 12.83 | 7.92 | 0.16 | 0.15 | 0.13 | 0.1 | 0.01 |
| Operating Profit | 0.1 | 0.16 | 0.17 | 0.13 | -0.07 | 0.05 | 0.06 | -0.13 | -0.1 | -0.01 |
| OPM % | 47.62 | 76.19 | 5.67 | 1 | -0.89 | 23.81 | 28.57 | — | — | — |
| Other Income | 0.08 | 0.06 | 0.06 | 0.13 | 0.41 | 0.03 | 0.04 | 0.03 | 0.01 | 0 |
| Interest | 0 | 0 | 0.03 | 0.08 | 0.05 | 0 | 0.01 | 0 | 0 | 0 |
| Depreciation | 0.1 | 0.08 | 0.07 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 |
| Profit before tax | 0.08 | 0.14 | 0.13 | 0.13 | 0.24 | 0.04 | 0.05 | -0.13 | -0.12 | -0.04 |
| Tax % | 12.5 | 0 | -7.69 | 30.77 | 16.67 | 25 | 20 | 0 | 0 | 0 |
| Net Profit | 0.07 | 0.14 | 0.14 | 0.09 | 0.2 | 0.02 | 0.03 | -0.14 | -0.13 | -0.04 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 |
| Reserves | -1.31 | -1.16 | -1.02 | -0.93 | -0.73 | -0.71 | -0.69 | -0.82 | -0.95 | -0.99 |
| Borrowings | 0.57 | 0.55 | 0 | 0 | 0 | 0.04 | 0.03 | 0 | 0 | 0 |
| Other Liabilities | 3.23 | 3.57 | 6.52 | 6.84 | 2.12 | 2.02 | 1.98 | 2.07 | 1.98 | 1.8 |
| Total Liabilities | 3.48 | 3.95 | 6.49 | 6.9 | 2.38 | 2.34 | 2.31 | 2.24 | 2.02 | 1.8 |
| Fixed Assets | 1.86 | 1.72 | 1.65 | 1.59 | 1.51 | 1.53 | 1.48 | 1.39 | 1.35 | 1.28 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1.62 | 2.22 | 4.84 | 5.31 | 0.87 | 0.81 | 0.83 | 0.85 | 0.67 | 0.52 |
| Total Assets | 3.48 | 3.95 | 6.49 | 6.9 | 2.38 | 2.34 | 2.31 | 2.24 | 2.02 | 1.8 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.01 | 0.3 | 0.73 | 0.02 | -0.24 | -0.11 | -0.03 | -0.05 | 0.39 | -0.14 |
| Cash from Investing Activity | 0.14 | 0.05 | 0.01 | 0.12 | 0.23 | -0.03 | 0.03 | 0.05 | -0.4 | 0.14 |
| Cash from Financing Activity | -0.01 | -0.03 | -0.6 | -0.08 | -0.05 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0.14 | 0.32 | 0.14 | 0.06 | -0.06 | -0.14 | 0 | 0 | -0.01 | -0.01 |
| Free Cash Flow | 0.15 | 0.35 | 0.74 | 0.02 | -0.09 | -0.17 | -0.03 | -0.01 | 0.39 | -0.1 |
| CFO/OP | 20 | 188 | 429 | 46 | 271 | -180 | -17 | 38 | -390 | 1400 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 851.67 | 1477.38 | 448.95 | 113.78 | 0 | 0 | 0 | — | — | — |
| Inventory Days | — | — | 0 | 0 | 0 | — | — | — | — | — |
| Cash Conversion Cycle | 851.67 | 1477.38 | 448.95 | 113.78 | 0 | 0 | 0 | — | — | — |
| Working Capital Days | -2363.81 | -2468.1 | -237.25 | -56.61 | -60.91 | -2016.19 | -1894.52 | — | — | — |
| ROCE % | 38.1 | 50.79 | 91.43 | 1400 | 112.5 | 13.79 | 18.46 | -48 | -114.29 | -200 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Dec 2016 |
| --- | --- | --- |
| Promoters | 30.25% | 30.25% |
| DIIs | 0.32% | 0.32% |
| Public | 69.43% | 69.43% |
| No. of Shareholders | 4174 | 4174 |

### Quarterly

| Category | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 30.25% | 30.25% | 30.25% | 30.25% | 30.25% |
| DIIs | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% |
| Public | 69.43% | 69.43% | 69.43% | 69.43% | 69.43% |
| No. of Shareholders | 4174 | 4174 | 4174 | 4174 | 4174 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 89.49 | Sell |
| EMA (10) | 89.05 | Sell |
| SMA (20) | 93.93 | Sell |
| EMA (20) | 92.56 | Sell |
| SMA (50) | 101.93 | Sell |
| EMA (50) | 99.14 | Sell |
| SMA (100) | 107.62 | Sell |
| EMA (100) | 103.75 | Sell |
| SMA (200) | 110.11 | Sell |
| EMA (200) | 105.93 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.19 | Neutral |
| MACD (12,26,9) | -4.39 | Sell |
| Stochastic (14,3,3) | 16.96 | Buy |
| ADX (14) | 37.32 | Buy |
| Williams %R (14) | -69.95 | Neutral |
| ATR (14) | 3.37 | High Volatility |
| ROC (12) | -8.84 | Sell |
| Stoch RSI (14) | 52.93 | Neutral |
| UO (7,14,28) | 44.66 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jan - Investor complaints report for quarter ended 31 Dec 2025: zero pending, received, disposed, unresolved. | [Statement Of Investor Complaint As On 31St December 2025 9 Jan - Investor complaints report for quarter ended 31 Dec 2025: zero pending, received, disposed, unresolved.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f95426b0-cfe1-40d9-97e9-3eb10fc1d26e.pdf) |
| 6 May 2019 - Vidarbha Iron & Steel Corporation Ltd has informed BSE regarding "Compliance certificate under Reg. 7(3) for period ended March 31, 2019". | [Compliance Certificate For Period Ended March 31, 2019 6 May 2019 - Vidarbha Iron & Steel Corporation Ltd has informed BSE regarding "Compliance certificate under Reg. 7(3) for period ended March 31, 2019".](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1A815C9D_1DB8_49F1_B037_5A780F369945_101802.pdf) |
| 6 May 2019 - Vidarbha Iron & Steel Corporation Ltd has informed BSE regarding "Compliance certificate under Reg. 7(3) for period ended March 31, 2019". | [Compliance Certificate For Period Ended March 31, 2019 6 May 2019 - Vidarbha Iron & Steel Corporation Ltd has informed BSE regarding "Compliance certificate under Reg. 7(3) for period ended March 31, 2019".](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1A815C9D_1DB8_49F1_B037_5A780F369945_101802.pdf) |
| 29 Jul 2020 - Resignation letter received from Statutory Auditor and management will appoint new Statutory Auditor at the earliest. Existing Auditor will issue quarterly and Half yearly limited … | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors 29 Jul 2020 - Resignation letter received from Statutory Auditor and management will appoint new Statutory Auditor at the earliest. Existing Auditor will issue quarterly and Half yearly limited …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=449826f3-c359-4ca3-b909-237c6704344f.pdf) |
| 29 Jul 2020 - Resignation letter received from Statutory Auditor and management will appoint new Statutory Auditor at the earliest. Existing Auditor will issue quarterly and Half yearly limited … | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors 29 Jul 2020 - Resignation letter received from Statutory Auditor and management will appoint new Statutory Auditor at the earliest. Existing Auditor will issue quarterly and Half yearly limited …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/449826f3-c359-4ca3-b909-237c6704344f.pdf) |
| 20 Aug 2020 - Approval of Resolution Plan by National Company Law Tribunal, Mumbai Bench of Vidarbha Iron and Steels Corporation Limited(Corporate Debtor) as submitted by R C Plasto … | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal 20 Aug 2020 - Approval of Resolution Plan by National Company Law Tribunal, Mumbai Bench of Vidarbha Iron and Steels Corporation Limited(Corporate Debtor) as submitted by R C Plasto …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2309bf91-b4bd-4955-92c8-a1c545505762.pdf) |
| 20 Aug 2020 - Approval of Resolution Plan by National Company Law Tribunal, Mumbai Bench of Vidarbha Iron and Steels Corporation Limited(Corporate Debtor) as submitted by R C Plasto … | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal 20 Aug 2020 - Approval of Resolution Plan by National Company Law Tribunal, Mumbai Bench of Vidarbha Iron and Steels Corporation Limited(Corporate Debtor) as submitted by R C Plasto …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2309bf91-b4bd-4955-92c8-a1c545505762.pdf) |
| 14 Nov 2025 - Board approved standalone and consolidated unaudited results for half-year ended 30 Sep 2025; limited review report attached. | [Disclosure under Regulation 30A of LODR 14 Nov 2025 - Board approved standalone and consolidated unaudited results for half-year ended 30 Sep 2025; limited review report attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ffb5fbe0-f7b8-4f02-9c21-1697083b5121.pdf) |
| 14 Nov 2025 - Approved standalone/consolidated unaudited results for half-year ended 30 Sep 2025; CSR policy adopted; employee housing license noted. | [Board Meeting Outcome for Approval Of Half-Yearly Standalone Unaudited Financial Results, Noting Of Quarterly Compliances, Adoption Of CSR Policy, And Noting Of Leave & License Agreement 14 Nov 2025 - Approved standalone/consolidated unaudited results for half-year ended 30 Sep 2025; CSR policy adopted; employee housing license noted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9ffc5b4c-8d41-4acd-871c-716b610ccd21.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b8554415-8cce-4cee-91f9-101c31a70ca9.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5bb6f1c2-e610-4c0e-9af9-2992cb5b839c.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25001964-b822-4fc4-8481-e39ea06873b5.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/429d64e3-bafa-443e-8ebf-66e47010689a.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/504991/5049910318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/504991/5049910317.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/504991/5049910315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/504991/5049910314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/504991/5049910313.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/504991/5049910311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/504991/5049910310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:00:04.176Z.