Visa Steel share price & results
- Jun 2026
- Jun 2026
Odisha-based ferro-alloys maker of High Carbon Ferro Chrome at its Kalinganagar plant, currently run under a tolling/conversion arrangement with a related party for want of working capital.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 120 | −29.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 4.2 | −6.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -9.6 | −320.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 23.97 | +14.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 1.92 | −0.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -15.21 | +14.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −48.2% 1Y
1Y: ₹60.18 on 24 Oct 2025 → ₹31.15. High ₹68.54 (4 Nov 2025), low ₹27.8 (24 Mar 2026).
- Previous close
- ₹31
- Market cap
- ₹774 Cr
- 52-week range
- ₹27.8 – ₹68.54
- One year
- −50.68%
- Return on equity (TTM to Jun 2026)
- 23.97%
Overview
- Symbol
- NSE:VISASTEEL
- Sector
- Metals & Mining
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Visa Steel does
Based on the company's own presentations, annual report and earnings calls.
Visa Steel Limited manufactures Ferro Alloys, principally High Carbon Ferro Chrome, at its integrated Kalinganagar Industrial Complex site in Jajpur district, Odisha, which also houses a captive power plant and a briquette plant. Because the company lacks working capital, the Ferro Chrome Plant currently runs under a conversion (tolling) arrangement with related party VISA Minmetal Limited, which supplies raw materials while Visa Steel earns conversion income for processing them into finished Ferro Chrome. By-products such as steam and char generated at the site are sold to VISA Special Steel Limited, the entity to which the company's former Special Steel business undertaking was demerged via an NCLT scheme in 2019.
Segments
- Ferro Alloys (Ferro Chrome)
- Manufacturing site
- 1 integrated plant — Kalinganagar Industrial Complex, Jajpur, Odisha (Ferro Chrome Plant)
- Permanent employees
- 308 (297 male, 11 female), FY 2024-25
- Ancillary facilities at plant
- Captive power plant (CFBC boiler + turbine generators) and a briquette plant
- Subsidiaries
- 1 (Kalinganagar Chrome Private Limited)
- Senior management personnel
- 7 (General Managers / Senior General Managers)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −321% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 151 | 119 | 162 | 171 | 75 | 145 | 171 | 120 |
| Expenses | 143 | 116 | 154 | 153 | 84 | 146 | 164 | 115 |
| Operating profit | 8 | 3 | 9 | 18 | -10 | -1 | 7 | 5 |
| Operating margin | 5.3% | 2.1% | 5.2% | 10.4% | −13.0% | −0.6% | 3.8% | 4.2% |
| Other income | 8 | 0 | -477 | 1 | 4 | 0 | 1,090 | 0 |
| Interest | 8 | 8 | 8 | 8 | 8 | 9 | 8 | 8 |
| Depreciation | 12 | 12 | 12 | 6 | 6 | 7 | 6 | 7 |
| Profit before tax | -4 | -17 | -488 | 4 | -20 | -17 | 1,083 | -10 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net profit | -4 | -17 | -488 | 4 | -20 | -17 | 1,083 | -10 |
| EPS (₹ per share) | -0.36 | -1.49 | -42.16 | 0.37 | -1.75 | -1.28 | 83.73 | -0.74 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 657 | 670 | 567 | 562 |
| Expenses | 648 | 665 | 535 | 548 |
| Operating profit | 9 | 5 | 31 | 14 |
| Other income | 1,749 | 2 | -468 | 1,096 |
| Interest | 25 | 30 | 31 | 33 |
| Depreciation | 73 | 49 | 49 | 26 |
| Profit before tax | 1,661 | -72 | -517 | 1,050 |
| Net profit | 1,661 | -72 | -517 | 1,050 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 116 | 116 | 116 | 116 | 116 | 129 |
| Reserves | -2,549 | -888 | -960 | -1,477 | -1,493 | -349 |
| Borrowings | 3,481 | 1,394 | 1,409 | 1,398 | 1,396 | 392 |
| Other liabilities | 720 | 445 | 467 | 496 | 510 | 364 |
| Total liabilities | 1,767 | 1,068 | 1,032 | 533 | 529 | 535 |
| Fixed assets | 1,625 | 960 | 920 | 447 | 437 | 446 |
| Capital work in progress | 39 | 39 | 39 | 0 | 0 | 0 |
| Investments | 4 | 4 | 4 | 4 | 4 | 4 |
| Other assets | 99 | 65 | 69 | 82 | 88 | 85 |
| Total assets | 1,767 | 1,068 | 1,032 | 533 | 529 | 535 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 13 | 17 | 26 | 17 | 26 | 36 |
| Cash from investing | 1 | -9 | -19 | -9 | -12 | -25 |
| Cash from financing | -14 | -9 | -8 | -8 | -13 | -9 |
| Net cash flow | 1 | 0 | 0 | 0 | 0 | 2 |
| Free cash flow | 14 | 10 | 8 | 8 | 13 | 11 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 0 | 0 | 0 | 0 | 1 | 0 |
| Inventory days | 20 | 15 | 8 | 7 | 12 | 15 |
| Days payable | 50 | 32 | 46 | 41 | 37 | 18 |
| Cash conversion cycle | -30 | -17 | -38 | -34 | -24 | -3 |
| Working capital days | -1508 | -1338 | -975 | -983 | -1148 | -421 |
| Return on capital employed | −7.0% | −6.0% | −7.0% | −7.0% | −5.0% | −6.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 62.40% as of Jun 2026; institutions added 1.19 pts since Mar 2026.
- Promoters 62.40%
- Foreign institutions 13.10%
- Domestic institutions 0.04%
- Public 24.47%
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +21.23 pp 44.50% held
- newly disclosed 12.89% held
- FPI fund newly disclosed 2.50% held
The same filing shows 4 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Visa Steel above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 44.50% | +21.23 pp | |
| 17.90% | −16.43 pp | |
| 12.89% | newly disclosed | |
| FPI fund | 7.40% | −0.94 pp |
| 3.97% | −0.51 pp | |
| FPI fund | 3.20% | −0.40 pp |
| FPI fund | 2.50% | newly disclosed |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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