Vedanta Iron & Steel Ltd(VISL)

NSE: VISLBSE: 544784

₹ 26.22-3.21%refreshed 23 Oct, 03:54 pm ISTMarket cap: ₹ 10,253 crNext results: 27 Oct 2026Website: www.vedantaironandsteel.comUpdated: 24 Oct 2026

About

Vedanta Iron & Steel Ltd (VISL) is an integrated iron and steel producer operating steel plants, pig iron facilities, and captive iron ore mines across Karnataka, Goa, and Jharkhand. In Q1 FY27 the company reported revenue from core operations of ₹3,662 crore, up 18% year-on-year, supported by higher volumes and improved steel and iron ore prices. The company holds a credit rating of AA/Stable as of Q1 FY27.^[1]

Key operating volumes

Steel saleable production was 582 KT in Q1 FY27, up 4% YoY; steel sales volume was 572 KT, up 9% YoY.^[1]
Pig iron production reached a record quarterly high of 291 KT in Q1 FY27, up 8% YoY.^[1]
Iron ore production was 2.6 Mn DMT in Q1 FY27, up 4% YoY.^[1]

Realisations and EBITDA per tonne

Steel segment EBITDA per tonne was ₹5,864/MT in Q1 FY27, up 60% YoY from ₹3,668/tonne in Q1 FY26; segment EBITDA was ₹336 crore.^[1]
Iron ore business EBITDA per tonne was ₹1,226/MT in Q1 FY27, up 24% YoY from ₹992/tonne in Q1 FY26.^[1]
Overall EBITDA was ₹515 crore in Q1 FY27, up 54% YoY, with EBITDA margin of 14%, an improvement of 322 bps YoY.^[1]

Operations

Goa pig iron plant recorded its highest-ever quarterly production at 238 KT in Q1 FY27, up 12% YoY.^[1]
Iron Ore Goa (IOG) output rose to 628 KT in Q1 FY27 following commissioning of a new Screening Plant at the site.^[1]
Net Debt/EBITDA stood at 1.3x and net external debt at ₹1,773 crore as of Q1 FY27, with cash and equivalents of ₹1,018 crore.^[1]

Expansion and capex

ESL Phase 1A expansion (Bokaro): approved capex of ₹2,975 crore; ₹2,223 crore spent to Q1 FY27; ₹752 crore balance remaining as of 30 June 2026.^[1]
DI Pipe Plant at Goa (VAB): approved capex of ₹722 crore; ₹342 crore spent to Q1 FY27; ₹380 crore balance remaining as of 30 June 2026; capacity 0.42 MTPA, targeted FY28.^[1]
ESL Bokaro hot metal capacity planned to expand from 1.7 MTPA to 3.2 MTPA, targeted for FY28.^[1]
DI Pipe of 0.2 MTPA at ESL Bokaro planned for FY28.^[1]
Bicholim Mine (Goa) capacity expansion from 3 MTPA to 3.6 MTPA planned for FY27; Cudnem Mine (Goa) of 0.5 MTPA and Janthakal Mine (Karnataka) development also planned for FY27.^[1]
Coke Oven of 0.5 MTPA at ESL Bokaro planned for FY27.^[1]

Recent developments

New Screening Plant commissioned at Iron Ore Goa (IOG) in Q1 FY27, strengthening operational throughput and capacity.^[1]
Finance cost fell 55% YoY from ₹461 crore in Q1 FY26 to ₹207 crore in Q1 FY27 following debt reduction pre- and post-demerger.^[1]
Credit rating of AA/Stable as of Q1 FY27; ROCE at 16% in Q1 FY27.^[1]

Market Cap

₹10,253 Cr

High / Low

₹45 / 20

Book Value

₹0

EPS

₹0.0

No. of Shares

391.04 Cr

Sales

₹0 Cr

Net Profit

₹0 Cr

Promoter holding

56.4%

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