Vesuvius India Limited

NSE: VESUVIUS · Electrodes & Refractories

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52W Range₹354 – ₹608

Snapshot

Unlock Vesuvius India Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Vesuvius India Limited is a manufacturer and trader of specialised refractory products, including shaped and unshaped refractories for industrial applications. The company serves the steel and foundry industries with high-performance components such as shrouds, stoppers, and crucibles, alongside maintenance services.

Business Model

The company generates revenue through the production and sale of advanced refractory materials and the provision of technical repair and maintenance services. It operates as a subsidiary of the UK-based Vesuvius Group, leveraging global technical expertise to serve the domestic Indian market and export customers.

  • Incorporation Year:1991

Growth Outlook

Growth is primarily driven by the expansion of the Indian steel industry, which relies heavily on the company's refractory solutions for continuous casting and furnace operations. The company continues to focus on product innovation and maintaining its market position as a key supplier to the metallurgical sector.

Key Risks

  • Cyclicality of Steel Industry. The company's performance is highly sensitive to the capital expenditure and production cycles of the steel and foundry sectors.
  • Raw Material Price Volatility. Fluctuations in the cost of raw materials used in refractory production can significantly impact operating margins.
  • Foreign Exchange Risk. As a subsidiary of a global group with export operations, the company is exposed to currency volatility affecting import costs and export realisations.

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Key Metrics

REVENUE

₹2,636 Cr

TTM · standalone

+27.8%YoY

NET PROFIT

₹311 Cr

TTM · standalone

+27.6%YoY

EPS

₹15.32

TTM · standalone

-76.4%YoY

RETURN ON EQUITY

19.0%

TTM · standalone

+3.0 ppYoY

RETURN ON CAPITAL EMPLOYED

25.1%

TTM · standalone

+4.4 ppYoY

P/E

24.0×

Q2 FY27 · standalone

24.0 vs 8.2x5Y avg

EV/EBITDA

14.2x

Q2 FY27 · standalone

14.2 vs 27.9x5Y avg

EBITDA MARGIN

19.1%

TTM · standalone

+0.6 ppYoY

NET PROFIT MARGIN

10.1%

Q2 FY27 · standalone

-1.1 ppYoY

DEBT TO EQUITY

0.0x

Q2 FY27 · standalone

+0.00xYoY

Peers · Electrodes & Refractories

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Vesuvius India LimitedVESUVIUS
₹7,450 Cr24.0×14.2027.8%19.1%19.0%25.1%-27.1%
Raghav Productivity Enhancers Ltd.RPEL
₹7,978 Cr113.2×82.1938.2%30.8%28.4%34.9%+98.3%
HEG Advanced Materials LimitedHEG
₹7,937 Cr13.4×15.5019.7%21.2%7.8%7.5%-58.8%
Rhi Magnesita India LimitedRHIM
₹7,344 Cr-20.8×14.608.5%12.6%-9.4%-5.8%-26.0%
Monolithisch IndMONOLITH
₹2,779 Cr———22.0%——+151.1%
IFGL Refractori.IFGLEXPOR
₹1,197 Cr29.2×9.1515.4%7.5%3.6%5.5%-33.7%

As of Q2 FY27

Financials