The shares of the steel manufacturer gained up to 2 percent in today’s trading session after the company’s 18 million shares, or shares worth Rs 313 crore, became eligible to trade from today as its lock-in period ended today.
With a market capitalization of Rs 592.04 crore, the shares of Vraj Iron and Steel Ltd were trading at Rs 179.50 per share, increasing around 1.96 percent as compared to the previous closing price of Rs 176.05 apiece.
The shares of Vraj Iron and Steel Ltd have seen positive movement after 18 million shares of the company, or 55% (worth Rs 313 crore) of its outstanding equity, will become eligible to be traded as its one-year shareholder lock-in period ends today, according to a note from Nuvama Alternative & Quantitative Research.
Looking forward to the company’s financial performance, revenue increased by 29 percent from Rs 119 crore in Q4FY24 to Rs 153 crore in Q4FY25. Further, during the same time frame, net profit decreased by 23 percent from Rs 13 crore to Rs 10 crore.
Vraj Iron and Steel operates sponge iron plants in Raipur and Bilaspur, each with a 60,000 TPA capacity. Its Raipur facility produces 57,600 TPA of MS billets, supplying TMT bar production at 54,000 TPA. The plant also includes a 5 MW captive power plant. Overall, the company’s total installed manufacturing capacity stands at 231,600 TPA.
Vraj Iron and Steel Limited (VISL) manufactures sponge iron, MS billets, and TMT bars under the “Vraj” brand. It operates two manufacturing facilities in Raipur and Bilaspur, Chhattisgarh, spanning 52.93 acres, supporting its integrated steel production and expanding industrial footprint.
Written by Abhishek Singh
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