Vaswani Industries Ltd - Stock Valuation and Financial Performance

BSE: 533576 | NSE: VASWANI | Steel/Sponge Iron/Pig Iron | Small Cap

Vaswani Industries Share Price

31 0.40 1.31%
as on 10-Jun'24 16:01

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Vaswani Industries stock performance -

mw4me loader
P/E Ratio (SA):
10.16
Market Cap:
91.8 Cr.
52-wk low:
19
52-wk high:
62.5

Is Vaswani Industries Ltd an attractive stock to invest in?

1. Is Vaswani Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vaswani Industries Ltd is a average quality company.

2. Is Vaswani Industries Ltd undervalued or overvalued?

The key valuation ratios of Vaswani Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Vaswani Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vaswani Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Vaswani Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vaswani Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.3%6.3%5.7%6.3%8.1%5.6%2.9%7.2%7.1%7.8%-
Value Creation
Index
-0.6-0.6-0.6-0.6-0.4-0.6-0.8-0.5-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 226255238256237319352314374392389
Sales YoY Gr.-12.6%-6.8%7.6%-7.1%34.5%10.4%-10.8%19.1%4.7%-
Adj EPS 00.40.40.61.50.4-11.41.523
YoY Gr.-3900%0%45%156.9%-73.8%-351.3%NA11%32.5%-
BVPS (₹) 29.128.428.928.828.830.930.131.633.13538
Adj Net
Profit
01.21.21.74.51.2-2.94.14.569
Cash Flow from Ops. 6.724.418.543.79.49.728.7-0.129.9-
Debt/CF from Ops. 8.91.92.510.7135.45.51.5-593.31.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.3%10.6%3.6%4.7%
Adj EPS 80.2%6.1%NA32.5%
BVPS2.1%4%5.2%5.9%
Share Price 23.6% 23.6% 30.3% 45.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
01.41.425.21.3-3.14.14.35.58.3
Op. Profit
Mgn %
6.76.96.76.36.85.53.95.95.15.45.7
Net Profit
Mgn %
00.50.50.71.90.4-0.81.31.21.52.3
Debt to
Equity
0.70.60.60.50.60.60.60.40.50.30.1
Working Cap
Days
12211311511215114113714713312964
Cash Conv.
Cycle
4336403755555871545134

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.20%

Sales growth has been subdued in last 3 years 3.60%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.83%

Latest Financials - Vaswani Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 3 -
TTM Sales (₹ Cr.) 389 -
BVPS (₹.) 38 -
Reserves (₹ Cr.) 84 -
P/BV 0.81 -
PE 10.16 -
From the Market
52 Week Low / High (₹) 19.04 / 62.50
All Time Low / High (₹) 1.47 / 62.50
Market Cap (₹ Cr.) 91.8
Equity (₹ Cr.) 30
Face Value (₹) 10
Industry PE 21.3

Management X-Ray of Vaswani Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vaswani Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales226.38254.81237.51255.51237.32319.12352.44314.34374.26391.85
Operating Expenses 211.21237.24221.67239.34221.28301.62338.72295.93355.29370.54
Manufacturing Costs24.0139.1836.4340.4744.9051.4936.4644.2544.8347.46
Material Costs176.49190.91178.97192.30168.88239.43290.75240.31294.53305.18
Employee Cost 3.423.353.993.143.394.235.145.767.328.50
Other Costs 7.293.802.283.444.116.476.385.618.619.40
Operating Profit 15.1717.5815.8416.1716.0417.5013.7218.4118.9721.31
Operating Profit Margin (%) 6.7%6.9%6.7%6.3%6.8%5.5%3.9%5.9%5.1%5.4%
Other Income 1.970.540.820.470.600.532.080.470.781.65
Interest 10.7310.548.929.248.739.5210.279.418.878.55
Depreciation 5.496.486.385.745.395.215.374.333.653.66
Exceptional Items 0000000000
Profit Before Tax 0.911.091.361.652.533.300.165.147.2210.75
Tax 0.88-0.060.21-0.12-1.982.142.691.082.804.74
Profit After Tax 0.031.151.151.774.511.16-2.524.064.426.01
PAT Margin (%) 0.0%0.5%0.5%0.7%1.9%0.4%-0.7%1.3%1.2%1.5%
Adjusted EPS (₹)0.00.40.40.61.50.4-0.81.41.52.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 83.2582.7583.9086.3186.5192.5797.80102.36106.83112.65
Share Capital 28.6528.6528.6530303030303030
Reserves 54.6054.0955.2556.3156.5162.5767.8072.3676.8382.65
Minority Interest0000000000
Debt55.1244.0441.7442.2347.9450.7552.9739.6150.5233.57
Long Term Debt11.947.623.413.616.7211.308.867.4914.939.60
Short Term Debt43.1836.4238.3338.6241.2239.4544.1132.1135.5923.96
Trade Payables26.9025.3524.5426.4825.2441.5528.5434.1037.9935.27
Others Liabilities 9.069.2812.594.8010.8713.4316.5320.4421.6619.63
Total Liabilities 174.33161.42162.77159.82170.56198.30195.84196.52217201.12

Fixed Assets

Gross Block102.86105.01112.7882.36114.16116.28126.67127.63128.98129.76
Accumulated Depreciation31.1039.1545.5320.3256.6761.8867.2071.4974.8978.55
Net Fixed Assets71.7665.8667.2462.0357.4954.4059.4756.1454.0851.21
CWIP 0000000000
Investments 7.407.407.407.072.337.227.227.227.227.25
Inventories31.2627.3336.9732.0531.1151.0637.1345.1538.9549.01
Trade Receivables3028.6921.9426.3040.8942.9054.0453.7150.0849.15
Cash Equivalents 3.804.385.19-0.04-0.220.390.917.878.4011.95
Others Assets30.1127.7624.0232.4138.9642.3337.0726.4258.2732.55
Total Assets 174.33161.42162.77159.82170.56198.30195.84196.52217201.12

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6.6724.4418.483.953.699.449.7328.70-0.0929.93
PBT 0.911.091.361.652.533.300.165.147.2210.75
Adjustment 16.3918.2417.3115.2814.5514.7314.0213.7412.6912.21
Changes in Working Capital -10.635.1-0.19-12.99-13.39-8.59-4.469.82-206.97
Tax Paid 0000000000
Cash Flow From Investing Activity 0.19-2.24-7.77-0.20-0.85-2.12-1.16-1-1.73-0.81
Capex -0.51-2.24-7.77-0.53-0.85-2.12-1.16-1-1.73-0.78
Net Investments 0.70000.3400000-0.03
Others 0000000000
Cash Flow From Financing Activity -9.69-21.61-9.91-8.97-3.02-6.71-8.04-20.742.35-25.56
Net Proceeds from Shares 1.3601.350000000
Net Proceeds from Borrowing 000000-2.43-1.377.440
Interest Paid -10.73-10.54-8.95-9.24-8.73-9.52-10.27-9.41-8.87-8.55
Dividend Paid 0000000000
Others -0.33-11.08-2.300.275.702.814.66-9.963.78-17.01
Net Cash Flow -2.830.580.81-5.22-0.180.600.526.960.533.55
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.041.41.412.095.221.3-2.764.394.565.89
ROCE (%)8.28.577.978.458.569.237.2810.4111.1613.18
Asset Turnover Ratio1.461.671.611.741.471.731.791.61.811.87
PAT to CFO Conversion(x)222.3321.2516.072.230.828.14N/A7.07-0.024.98
Working Capital Days
Receivable Days40383531504850635146
Inventory Days44384545474746484141
Payable Days50505148565144484544

Vaswani Industries Ltd Stock News

Vaswani Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vaswani Industries on 10-Jun-2024 16:01 is ₹31.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Jun-2024 16:01 the market cap of Vaswani Industries stood at ₹91.80.
The latest P/E ratio of Vaswani Industries as of 10-Jun-2024 16:01 is 10.16.
The latest P/B ratio of Vaswani Industries as of 10-Jun-2024 16:01 is 0.81.
The 52-week high of Vaswani Industries is ₹62.50 and the 52-week low is ₹19.04.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vaswani Industries is ₹389.3 ( Cr.) .

About Vaswani Industries Ltd

Vaswani Industries Limited was incorporated on July 22, 2003 with the Registrar of Companies, having its registered office at Raipur, with an object to be a hall-mark of excellence in the steel-making scenario of India.  The company started its tour by setting up Integrated Steel Plant (ISP) in phased manner comprising of Sponge Iron Plant, Power Plant and Induction Furnace Plant. It has been built on a strong foundation, brick by brick, which took ten years.

Presently, the company is manufacturing Coal-based Sponge Iron using 3 indigenously developed rotary kilns, with a capacity of 90000 M.T. (3 X 100 MT) along with a Waste Heat Recovery Boiler (WHRB) with a generation capacity of 11.5 MW Power & a Steel Ingot/Billet Plant of capacity 59400 MT. (2 X 9 MT).

In addition to all the above attractions the promoters are locally based and have excellent rapport with the District and state government authorities who are extending their full co-operation and assistance to encourage up-coming Industrial units in the state. Consequently, a group of young, energetic, enterprising Technocrats assisted by highly qualified and experienced Technical and Commercial Managers and staff have joined hands to form a company under the name and style of Vaswani Industries Limited, which is a Limited Company Incorporated with the Registrar of Companies.

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