Who are Vedanta Iron And Steel's main competitors?

Named competitors: Jindal Saw (JINDALSAW.NS), Tata Steel (TATASTEEL.NS), JSW Steel (JSWSTEEL.NS). The cockpit's measured peer set (industry) also includes Feng Hsin Steel (2015.TW), TSP Wind Power (300129.SZ), Jiangsu Shagang (002075.SZ), BCI Minerals (BCI.AX), ZhongHe Shangda Aeronautic Materials (301522.SZ), Tokyo Steel Manufacturing (5423.T).

← CockpitCompetitor Analysis › VISL.NS Vedanta Iron And Steel LimitedOpen in the cockpit ↗

Vedanta Iron And Steel LimitedVISL.NSCompetitor analysis, valuation and peers

India · INR·Metal & Mining›Steel

Steel and ferrous metals producer demerged from Vedanta Limited, including legacy Electrosteel and iron/steel assets.

≈ A newly independent Indian steelmaker

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.11B

US dollars, full cap

Free float

100%

of shares outstanding

$/day

$5.67M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-8.6 pp

WACC 8.6%

Hurdle

n/a

no reverse DCF

Close · INR₹26.81

1D-2.0%

1W+5.1%

1M-8.9%

3M-25.3%

6Mn/a

YTDn/a

1Yn/a

ATR %4.9%

52w lowhigh40.1% off high

What Vedanta Iron And Steel does

Steel and ferrous metals producer demerged from Vedanta Limited, including legacy Electrosteel and iron/steel assets.

In one line: A newly independent Indian steelmaker.

Products and services

Steel products
Ductile iron pipes (Electrosteel)

Customers

Construction/infrastructure buyers
Pipe/industrial customers

Where it sits in the supply chain

Iron ore/steel input sourcing
Steel production
Sale to construction/industrial buyers

What could go right

Steel demand growth
Post-demerger standalone efficiency gains

What could go wrong

Steel price cyclicality
Standalone balance sheet post-demerger

Moat: none (scale). Inherited manufacturing scale, but steel is a cyclical commodity business with thin structural moat.

Headquarters: Mumbai, India

Named competitors

Jindal Saw JINDALSAW.NS
Tata Steel TATASTEEL.NS
JSW Steel JSWSTEEL.NS

Vedanta Iron And Steel at a glance

Size Vedanta Iron And Steel (VISL.NS) is an India Materials company (Steel) with a market value of $1.11B, the 566th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹26.81 on 6 Nov 2026.

Capital Return on invested capital runs 8.6 points below its cost of capital (8.6% WACC).

Vedanta Iron And Steel financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023
Revenue	n/a	₹0	₹0	₹0
Revenue growth	—	—	—	—
Gross profit	n/a	₹0	₹0	₹0
EBITDA	n/a	-₹301,000	-₹234,000	-₹190,000
Net income	n/a	-₹366,000	-₹285,000	-₹190,000
Free cash flow	n/a	-₹242,000	-₹413,000	₹0
Capital expenditure	n/a	₹0	₹0	₹0
Total debt	₹46.6B	₹622,000	₹389,000	₹0

Quarterly statements and history in the cockpit →

Vedanta Iron And Steel competitors and peer comparison

Head to head with its named competitors (VISL.NS vs JINDALSAW.NS vs TATASTEEL.NS vs JSWSTEEL.NS)
Company	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g
Vedanta Iron And Steel VISL.NS	$1.11B	n/a	n/a	n/a	n/a	n/a
Jindal Saw JINDALSAW.NS	$1.70B	+4%	-1%	6%	1.1×	17.5%
Tata Steel TATASTEEL.NS	$24.6B	-14%	+11%	9%	1.0×	8.7%
JSW Steel JSWSTEEL.NS	$35.1B	+6%	+14%	13%	1.9×	21.1%

How Vedanta Iron And Steel compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Vedanta Iron And Steel against its 20 peers (data as of 6 Nov 2026)
Measure	VISL.NS	Peer median	Rank in peer set
1-month return	-8.9%	-5.4%	7th lowest of 21
Distance from 52-week high	-40.1%	-41.8%	10th highest of 21
ROIC minus cost of capital	-8.6 pp	-4.1 pp	4th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Vedanta Iron And Steel VISL.NS	India	$1.11B	n/a	n/a	n/a	n/a	n/a	n/a
Feng Hsin Steel 2015.TW	Taiwan	$1.11B	+4%	-12%	0%	1.3×	9.2%	+1.2%
TSP Wind Power 300129.SZ	China	$1.10B	-42%	-26%	1%	2.5×	n/a	n/a
Jiangsu Shagang 002075.SZ	China	$1.09B	-25%	-4%	1%	0.6×	n/a	n/a
BCI Minerals BCI.AX	Australia	$1.09B	+45%	n/a	n/a	n/a	n/a	n/a
ZhongHe Shangda Aeronautic Materials 301522.SZ	China	$1.09B	-39%	+5%	2%	3.4×	n/a	n/a
Tokyo Steel Manufacturing 5423.T	Japan	$1.17B	-1%	-1%	-1%	0.5×	n/a	n/a
Zhongnanhong Culture 002445.SZ	China	$1.17B	-7%	-1%	1%	6.0×	n/a	n/a
Hengong Precision Equipment 301261.SZ	China	$1.04B	-9%	+34%	5%	5.0×	26.1%	+15.8%
Guizhou Aviation Technical Development 688239.SS	China	$1.19B	-39%	+23%	12%	4.0×	17.7%	+25.0%
Xinyu Iron & Steel 600782.SS	China	$1.20B	-17%	-13%	-4%	0.4×	n/a	n/a
Tianjin You Fa Steel Pipe Group Stock 601686.SS	China	$1.03B	-15%	-2%	1%	0.3×	4.0%	+0.9%
Beijing Lier High-Temperature Materials 002392.SZ	China	$1.20B	-29%	+16%	4%	1.3×	15.4%	+10.2%
Fushun Special Steel 600399.SS	China	$1.22B	-25%	+6%	-5%	1.5×	n/a	n/a
NMDC Steel NSLNISP.NS	India	$1.23B	-10%	+42%	3%	0.8×	20.8%	+41.6%
Sansteel MinGuang Co., Ltd., Fujian 002110.SZ	China	$993M	-20%	-7%	-2%	0.6×	9.7%	-2.4%
Bengang Steel Plates 000761.SZ	China	$1.25B	-26%	-2%	-10%	0.8×	n/a	n/a
Gansu Jiu Steel Group Hongxing Iron & Steel 600307.SS	China	$1.25B	-25%	-6%	-5%	1.3×	n/a	n/a
Companhia Siderurgica Nacional Sponsored ADR SID	United States	$984M	-38%	+9%	10%	1.1×	n/a	n/a
Labrador Iron Ore Royalty LIF.TO	Canada	$981M	-23%	-15%	75%	8.9×	0.6%	-3.9%
Hanza HANZA.ST	Sweden	$978M	-11%	+72%	8%	1.2×	10.4%	+22.8%

Questions

Who are Vedanta Iron And Steel's main competitors?: Named competitors: Jindal Saw (JINDALSAW.NS), Tata Steel (TATASTEEL.NS), JSW Steel (JSWSTEEL.NS). The cockpit's measured peer set (industry) also includes Feng Hsin Steel (2015.TW), TSP Wind Power (300129.SZ), Jiangsu Shagang (002075.SZ), BCI Minerals (BCI.AX), ZhongHe Shangda Aeronautic Materials (301522.SZ), Tokyo Steel Manufacturing (5423.T).