Vesuvius India Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹9,327 Cr
- Book Value
- ₹82
- Stock P/E
- 35.8
- Dividend Yield
- 0.33%
- ROE
- 15.0%
- ROCE
- 21.3%
- PEG Ratio
- 1.04
- EV/EBITDA
- 20.9
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Vesuvius India share price today
Vesuvius India (NSE: VESUVIUS) sells what molten steel destroys: refractories and flow-control systems — the engineered ceramics that line ladles, tundishes and continuous-casting systems, consumed by heat and replaced on schedule. Every tonne of Indian steel consumes refractory product, and India is the world’s fastest-growing major steel producer with national capacity targets that effectively write Vesuvius’s demand curve for a decade.
The parent (Vesuvius plc, the global flow-control leader) supplies the technology; the India entity earns the annuity: 34.4% five-year profit CAGR, 21.3% ROCE, zero debt. At 35.8× with a PEG of 1.04, our universe tags it wait — a steel-volume annuity priced as the quality consumable it is.
Consumed by every heat
Refractories are 2–3% of a steelmaker’s cost and 100% of its ability to operate — the classic specialty-consumable asymmetry. Flow-control (the premium end: slide-gate systems, tundish management) is engineering-intensive and Vesuvius’s global stronghold, sold with technicians embedded at customer plants. As Indian steelmaking modernises (cleaner steel, longer casting sequences), the mix shifts toward exactly this premium end.
Watch-items: Indian steel-production growth (the volume driver), steel-industry margin health (capex and consumable pricing follow), imported raw-material (magnesia, alumina) costs, and parent-related royalty terms.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹9,327 Cr |
| P/E (TTM) | 35.8 |
| EV/EBITDA | 20.9 |
| Operating margin | 17.0% |
| ROE / ROCE | 15.0% / 21.3% |
| Debt to equity | 0.00 |
| Sales CAGR (5y) | 21.6% |
| Profit CAGR (5y) | 34.4% |
| Promoter holding | 55.6% |
| EPS (TTM) | ₹12.76 |
Vesuvius India share price target 2026 to 2030
EPS base ₹12.76 (TTM). Bear: steel margins squeeze consumable pricing — 8% growth, multiple at 22×. Base: steel volumes compound the annuity — 14% growth at 30×. Bull: capacity buildout plus premium-mix shift — 19% growth at 38×.
| Year | Bear (22×, +8%) | Base (30×, +14%) | Bull (38×, +19%) |
|---|---|---|---|
| 2026 | ₹303 | ₹436 | ₹577 |
| 2027 | ₹327 | ₹497 | ₹687 |
| 2028 | ₹354 | ₹567 | ₹817 |
| 2029 | ₹382 | ₹647 | ₹972 |
| 2030 | ₹412 | ₹737 | ₹1,155 |
From ₹457, the base case is ≈ +61% over four and a half years; the bear is −10%. Steel-volume annuities are as close to policy-guaranteed as industrials get — the range below prices the entry, not the policy.
Reasons to own Vesuvius India (at the right price)
- Consumed by every tonne — India’s steel targets are its demand forecast.
- Flow-control premium mix rises as Indian steelmaking modernises.
- Zero debt, 21% ROCE, and parent technology on tap.
- Embedded-technician service model builds switching costs at each plant.
- 34% five-year profit CAGR with the volume runway still ahead.
The risks: steel-industry downturns squeeze consumable pricing, imported raw materials swing margins, and MNC royalty terms warrant the standing minority watch.
Should you buy at the current price?
The live buy range below is for members — the steel annuity at a cool price.
FAQ
What is the Vesuvius India share price target for 2030? Base case ≈ ₹737 (30× on 14% compounded growth), bear ≈ ₹412, bull ≈ ₹1,155. Arithmetic above.
What are refractories? Heat-resistant ceramic linings and systems that contain molten metal — consumed by thermal and chemical wear, replaced continuously. No refractories, no steel.
Why is flow control the premium end? Slide-gates and tundish systems control molten-steel flow during continuous casting — precision engineering that determines steel quality and casting speed, sold with embedded service.
When are Vesuvius India’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.