VISASTEEL

VISA Chrome Limited

VISA Chrome Limited (VISASTEEL) financial statements and selected valuation metrics through 30 June 2026.

Commodities›Metals & Mining›Ferrous Metals›Ferro & Silica Manganese

visasteel.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-05-13

Stock price
₹52.82
Market cap
770 Cr
Stock P/E
0.7
ROCE (FY26)
-9.1%
Operating margin (FY26)
-2.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

VISA Chrome (formerly VISA Steel) is an Odisha-based maker of ferro alloys, run from a plant at the Kalinganagar Industrial Complex in Jajpur district.

Company snapshot

3rdBy market cap

Ranked among 5 companies in Ferro & Silica Manganese.

Segment mix

Reportable segments as of 2023-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 87.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Ferro Alloys
87.1%
572 Cr-438 Cr—
Special Steel
18.5%
122 Cr376 Cr—

Shares add up to 106% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 187.0% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Interest coverage of -0.4x — earnings barely cover interest payments, which is a warning sign.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales189 Cr90 Cr156 Cr135 Cr151 Cr119 Cr162 Cr171 Cr76 Cr145 Cr171 Cr120 Cr
Operating expenses (approx.)195 Cr94 Cr146 Cr122 Cr143 Cr116 Cr154 Cr153 Cr84 Cr146 Cr164 Cr115 Cr
EBITDA-6 Cr-5 Cr10 Cr12 Cr8 Cr2 Cr9 Cr18 Cr-9 Cr-0.91 Cr7 Cr5 Cr
OPM %-2.9%-5.2%6.5%9.2%5.3%2.1%5.2%10.4%-11.3%-0.6%3.8%4.2%
Other income0.23 Cr0.36 Cr0.43 Cr0.23 Cr0.24 Cr0.34 Cr0.13 Cr0.87 Cr3 Cr0.17 Cr0.98 Cr0.06 Cr
Interest7 Cr7 Cr7 Cr7 Cr8 Cr8 Cr8 Cr8 Cr8 Cr9 Cr8 Cr8 Cr
Depreciation12 Cr13 Cr12 Cr12 Cr12 Cr12 Cr12 Cr6 Cr6 Cr7 Cr6 Cr7 Cr
Profit before tax-25 Cr-24 Cr-9 Cr-7 Cr-4 Cr-17 Cr-488 Cr4 Cr-20 Cr-17 Cr1,083 Cr-10 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net profit-25 Cr-24 Cr-9 Cr-7 Cr-4 Cr-17 Cr-488 Cr4 Cr-20 Cr-17 Cr1,083 Cr-10 Cr
EPS (₹)₹-2.13₹-2.10₹-0.77₹-0.60₹-0.36₹-1.49₹-42.16₹0.37₹-1.75₹-1.42₹90.60₹-0.66

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,670 Cr2,100 Cr1,417 Cr683 Cr976 Cr1,118 Cr657 Cr670 Cr566 Cr562 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,612 Cr2,060 Cr1,442 Cr733 Cr983 Cr1,101 Cr649 Cr665 Cr535 Cr548 CrSign in free for the trailing twelve months
EBITDA58 Cr40 Cr-26 Cr-50 Cr-7 Cr18 Cr9 Cr5 Cr31 Cr14 CrSign in free for the trailing twelve months
OPM %3.5%1.9%-1.8%-7.3%-0.7%1.6%1.3%0.8%5.5%2.4%Sign in free for the trailing twelve months
Other income18 Cr55 Cr16 Cr12 Cr11 Cr1 Cr2 Cr1 Cr0.94 Cr6 CrSign in free for the trailing twelve months
Interest47 Cr34 Cr19 Cr20 Cr17 Cr21 Cr25 Cr30 Cr31 Cr33 CrSign in free for the trailing twelve months
Depreciation163 Cr151 Cr133 Cr134 Cr128 Cr85 Cr73 Cr49 Cr49 Cr26 CrSign in free for the trailing twelve months
Profit before tax-133 Cr-90 Cr-162 Cr-192 Cr-1,197 Cr-87 Cr1,660 Cr-72 Cr-517 Cr1,050 CrSign in free for the trailing twelve months
Tax %—0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Net profit-133 Cr-90 Cr-162 Cr-192 Cr-1,197 Cr-87 Cr1,660 Cr-72 Cr-517 Cr1,050 CrSign in free for the trailing twelve months
EPS (₹)₹-12.13₹-7.97₹-13.96₹-16.57₹-103.40₹-7.53₹143.39₹-6.21₹-44.61₹87.89Sign in free for the trailing twelve months
Dividend payout %——————0.0%——0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital110 Cr116 Cr116 Cr116 Cr116 Cr116 Cr116 Cr116 Cr116 Cr129 Cr
Reserves-725 Cr-909 Cr-1,071 Cr-1,264 Cr-2,462 Cr-2,549 Cr-888 Cr-960 Cr-1,477 Cr-349 Cr
Borrowings2,987 Cr2,298 Cr1,816 Cr1,364 Cr762 Cr3,466 Cr1,347 Cr1,365 Cr1,357 Cr354 Cr
Other liabilities1,697 Cr2,048 Cr2,439 Cr2,849 Cr3,437 Cr734 Cr492 Cr511 Cr538 Cr401 Cr
Total liabilities4,128 Cr3,553 Cr3,300 Cr3,065 Cr1,853 Cr1,767 Cr1,068 Cr1,032 Cr533 Cr535 Cr
Fixed assets (net)3,142 Cr2,933 Cr2,804 Cr2,679 Cr1,704 Cr1,625 Cr959 Cr920 Cr447 Cr446 Cr
CWIP306 Cr299 Cr297 Cr290 Cr39 Cr39 Cr39 Cr39 Cr0 Cr0 Cr
Investments1 Cr4 Cr0 Cr4 Cr4 Cr4 Cr3 Cr4 Cr4 Cr4 Cr
Loans & advances——2 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories310 Cr121 Cr102 Cr33 Cr35 Cr31 Cr8 Cr8 Cr12 Cr16 Cr
Trade receivables141 Cr67 Cr33 Cr9 Cr0 Cr0 Cr0 Cr0 Cr0.95 Cr0.05 Cr
Cash & bank15 Cr17 Cr0.88 Cr7 Cr8 Cr11 Cr0.04 Cr0.04 Cr0.23 Cr3 Cr
Other assets212 Cr111 Cr60 Cr43 Cr63 Cr58 Cr58 Cr61 Cr69 Cr66 Cr
Total assets4,128 Cr3,553 Cr3,300 Cr3,065 Cr1,853 Cr1,767 Cr1,068 Cr1,032 Cr533 Cr535 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity12 Cr151 Cr82 Cr59 Cr3 Cr20 Cr26 Cr17 Cr26 Cr36 Cr
Cash from investing-4 Cr14 Cr16 Cr11 Cr11 Cr-9 Cr-19 Cr-9 Cr-12 Cr-25 Cr
Cash from financing4 Cr-153 Cr-113 Cr-64 Cr-14 Cr-9 Cr-8 Cr-8 Cr-13 Cr-9 Cr
Net cash flow12 Cr12 Cr-16 Cr6 Cr0.78 Cr2 Cr-0.01 Cr0 Cr0.19 Cr2 Cr
Free cash flow (OCF − Capex)-2 Cr131 Cr81 Cr56 Cr3 Cr11 Cr8 Cr8 Cr13 Cr11 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——-18.5%-84.9%—-6.5%-11.1%-8.3%—-9.1%
ROE %——————————
Debtor days311295000010
Inventory days1093136242015971215
Days payable87314088503246413718
Cash conversion cycle53115-59-30-17-38-34-24-3
OCF / EBITDA %20.4%n.m.———n.m.n.m.n.m.81.7%n.m.
OCF / EBITDA % (3 years)——n.m.———n.m.n.m.n.m.n.m.
Debt / equity——0.00———————
Current ratio0.240.100.060.020.020.020.030.030.040.10
Net debt / EBITDA51.13————193.71154.97267.5243.3725.73