VISA Steel Limited (VISASTEEL) AI Stock Analysis

• Market Cap: ₹4.63B
• Dividend Yield: N/A
• Average Volume (3M): 5.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: -0.58%
• EPS Growth: -1076.68%
• Country: IN
• Employees: 319
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): -1.42
• Shares Outstanding: 115,789,505
• 10 Day Avg. Volume: 12,970
• 30 Day Avg. Volume: 5,783
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.27
• Price to Sales (P/S): 0.65
• P/FCF Ratio: 32.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: ₹37.00 ▼(-31.20% Downside)

VISA Steel Limited's overall stock score is primarily impacted by its poor financial performance, characterized by persistent losses and high leverage. Technical analysis provides some mixed signals, with the stock showing potential oversold conditions. Valuation metrics are weak due to negative earnings and lack of dividends, further weighing down the score.

Positive Factors

Specialized value-added steel portfolio

Focusing on special/alloy and value-added steel positions the company in higher-margin, industrial niches. That product specialization can create durable customer stickiness and technical barriers to entry versus commodity producers, supporting steadier demand over months.

Consistent positive operating cash flow

Reported consistently positive operating cash flow indicates the core manufacturing operations generate cash even amid losses. Persistent OCF provides short-to-medium-term liquidity to run plants, service working capital and negotiate restructuring, reducing immediate solvency pressure.

Positive gross profit margin

A positive gross margin shows the company can cover direct production costs and retain value on shipments. This structural ability to generate gross profit is a base for recovering overall profitability if fixed costs and leverage are addressed, and supports operational resilience.

Negative Factors

Persistent net losses and declining revenue

Ongoing net losses and falling revenue erode capital and operational flexibility. Over a multi-month horizon this limits reinvestment, weakens customer and supplier confidence, and requires either sustained margin improvement or external funding to restore a viable growth trajectory.

Negative equity and extreme leverage

Negative equity and a highly unfavorable debt-to-equity profile indicate acute solvency and refinancing risk. This structural leverage constrains access to capital markets, raises cost of capital and increases the likelihood of covenant strain, limiting investment and recovery options.

Erratic free cash flow growth

Inconsistent free cash flow undermines the firm's ability to delever, fund capex or sustain strategic initiatives. Over a 2–6 month horizon erratic FCF makes financial planning difficult, increasing reliance on short-term financing and elevating execution risk for operational fixes.

VISA Steel Limited Business Overview & Revenue Model

Company Description

VISA Steel Limited, together with its subsidiaries, manufactures and sells iron and steel products in India. The company operates in Special Steel and Ferro Alloys segments. It offers high carbon ferro chrome for use in stainless steel and special steel manufacturing applications. The company was incorporated in 1996 and is based in Kolkata, India.

How the Company Makes Money

VISA Steel generates revenue primarily through the production and sale of steel products, including rebar, wire rods, and ferro alloys. The company operates a vertically integrated business model, which allows it to manage costs effectively and enhance profitability. Key revenue streams include sales to construction and infrastructure sectors, which are significant consumers of steel. Additionally, VISA Steel benefits from long-term contracts and partnerships with various distributors and construction firms, ensuring a steady flow of orders. The company's ability to capitalize on fluctuating steel prices and optimize its production processes also contributes to its earnings.

VISA Steel Limited Financial Statement Overview

Summary

VISA Steel Limited faces significant financial challenges. The income statement reflects persistent losses and declining revenues, indicating operational and market challenges. The balance sheet shows concerning levels of leverage with negative equity, posing risks of financial instability. While the cash flow statement presents some operational cash generation, it is overshadowed by broader financial difficulties.

Income Statement

The income statement reveals a challenging situation for VISA Steel Limited, with declining revenues and significant net losses over the years. The company's gross profit margin is positive but has decreased from previous years, indicating shrinking profitability. The net profit margin is deeply negative, showing substantial losses. EBIT and EBITDA margins are also negative, reflecting operational difficulties. Revenue has been declining, with a significant drop from the previous periods, indicating potential demand issues or operational inefficiencies.

Balance Sheet

VISA Steel's balance sheet is under significant stress. The debt-to-equity ratio is highly unfavorable due to negative equity, suggesting extreme leverage and potential solvency risks. The company has a negative equity ratio, indicating that liabilities far exceed assets. Return on equity is not calculable due to negative equity, adding to concerns about shareholder returns and financial stability. The high total debt in comparison to the total assets poses a significant risk to the company's financial health.

Cash Flow

The cash flow statement shows some positive aspects with a consistently positive operating cash flow, which suggests some operational cash generation capability. However, free cash flow growth has been erratic, with recent improvements not enough to offset the broader negative trends. The operating cash flow to net income ratio is misleadingly high due to the negative net income. The company's cash flow position indicates some liquidity, but the overall financial pressure is evident.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.03B	5.66B	6.70B	6.57B	11.02B	9.62B
Gross Profit	2.13B	1.47B	-52.02M	3.23B	2.85B	2.62B
EBITDA	-4.31B	-4.37B	66.03M	17.39B	188.69M	-10.52B
Net Income	-5.05B	-5.17B	-718.90M	16.60B	-872.23M	-11.97B
Balance Sheet
Total Assets	0.00	5.33B	10.32B	10.68B	17.67B	18.53B
Cash, Cash Equivalents and Short-Term Investments	29.68M	2.30M	256.79M	214.61M	136.19M	102.03M
Total Debt	0.00	13.98B	14.09B	13.94B	34.81B	34.86B
Total Liabilities	13.61B	18.94B	18.76B	18.40B	42.01B	41.99B
Stockholders Equity	-13.61B	-13.61B	-8.44B	-7.72B	-24.33B	-23.46B
Cash Flow
Free Cash Flow	0.00	113.52M	79.40M	80.81M	114.39M	31.61M
Operating Cash Flow	0.00	238.44M	174.39M	264.12M	198.06M	32.44M
Investing Cash Flow	0.00	-124.77M	-91.35M	-174.38M	-86.83M	114.91M
Financing Cash Flow	0.00	-111.75M	-83.04M	-78.91M	-86.95M	-139.56M

VISA Steel Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 53.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VISASTEEL, the sentiment is Negative. The current price of 53.78 is above the 20-day moving average (MA) of 42.03, above the 50-day MA of 47.49, and above the 200-day MA of 42.50, indicating a bearish trend. The MACD of -2.93 indicates Positive momentum. The RSI at 32.76 is Neutral, neither overbought nor oversold. The STOCH value of 46.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VISASTEEL.

VISA Steel Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OCCL	67 Neutral	₹1.25B	11.71	―	10.99%	-76.65%	-76.77%
MANAKSTEEL	64 Neutral	₹4.00B	15.84	―	―	49.22%	49.59%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HPAL	56 Neutral	₹3.57B	22.08	―	0.94%	13.33%	-21.39%
SADHNANIQ	51 Neutral	₹1.98B	-9.26	―	1.25%	-37.44%	-950.73%
VISASTEEL	44 Neutral	₹4.63B	-0.84	―	―	-0.58%	-1076.68%

VISA Steel Limited Corporate Events

Visa Steel Reports Financial Results for September 2025

Visa Steel Limited has announced its unaudited financial results for the quarter and half-year ending September 30, 2025. The company reported a total income of Rs 2,509.31 million for the half-year, with a loss before tax of Rs 159 million. The board approved these financials during a meeting on November 14, 2025. The results indicate a challenging period for the company, with losses impacting its financial standing, which may concern stakeholders and influence its market positioning.

VISA Steel Reports Financial Results for September 2025

VISA Steel Limited’s Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. The company reported a loss before tax of Rs. 159 million for the half-year, indicating ongoing financial challenges. The announcement provides stakeholders with an updated financial position, highlighting the company’s efforts to manage its operations amidst a competitive industry landscape.