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Vaswani Industries Ltd (VASWANI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533576 NSE: VASWANI Steel/Sponge Iron/Pig Iron | Small Cap | Vaswani Industries Share Price

₹58.89 -0.42 (-0.71%)

As on 04-Jun'26 16:59

Vaswani Industries Ltd (VASWANI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533576 NSE: VASWANI Steel/Sponge Iron/Pig Iron | Small Cap | Vaswani Industries Share Price

₹58.89 -0.42 (-0.71%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹194 Cr.
Current Price
₹58.9
52-Week Low / High
₹42 / 70
TTM EPS
₹1.3
TTM Sales
₹467 Cr.
Book Value per Share
₹43.2
P/E Ratio
45.73
Higher than its 5-year historical median
Industry PE
35.6
Price to Book (P/B)
1.36
Higher than its 5-year historical median
Price to Sales (P/S)
0.42
Higher than its 5-year historical median
EV/EBITDA
11.11
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
7.06%
Underperforms industry median
Return on Capital Employed (ROCE)
9.77%
Underperforms industry median
Return on Assets (ROA)
3.12%
Operating Profit Margin
6.5%
Net Profit Margin
2.09%
Gross Profit Margin
5.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
5.73%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
20.7%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-4.76%
Asset Quality
Promoter Holding
62.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹109 Cr.
Equity
₹33 Cr.
Face Value
₹10
All Time Low / High
₹1.47 / 73.90

Vaswani Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Vaswani Industries Ltd a good quality company?
Vaswani Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Vaswani Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vaswani Industries Ltd vs industry peers?
Vaswani Industries Ltd revenue CAGR is 3.15%, compared to the industry median CAGR of 7.65%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Vaswani Industries Ltd?
Promoters hold 62.06% of the Vaswani Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Vaswani Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 22.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8%8.5%8.6%9.2%7.3%10.4%11.2%13.2%13.9%9.8%-
Value Creation
Index
-0.4-0.4-0.4-0.3-0.5-0.3-0.2-0.10.0-0.3-

Growth Parameters

Sales 238256237319352314374392389412467
Sales YoY Gr.-7.6%-7.1%34.5%10.4%-10.8%19.1%4.7%-0.6%5.7%-
Adj EPS 0.40.61.50.4-11.41.5233.61.3
YoY Gr.-45%156.9%-73.8%-351.3%NA11%33.8%50.5%17.1%-
BVPS (₹) 28.928.828.830.930.131.633.1353841.443.2
Adj Net
Profit
1.21.74.51.2-2.94.14.56.19.111.24
Cash Flow from Ops. 18.543.79.49.728.7-0.129.930.734.4-
Debt/CF from Ops. 2.510.7135.45.51.5-593.31.21.14.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.3%3.2%3.2%5.7%
Adj EPS 27.5%NA33.1%17.1%
BVPS4.1%6.6%7.8%9%
Share Price 22.7% 33.6% 39.5% 29%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.425.21.3-3.14.14.35.57.88.63.1
Op. Profit
Mgn %
6.76.36.85.53.95.95.15.55.76.58.6
Net Profit
Mgn %
0.50.71.90.4-0.81.31.21.62.32.70.9
Debt to
Equity
0.60.50.60.60.60.40.50.30.31.21.5
Working Cap
Days
11511215114113714713312911010665
Cash Conv.
Cycle
4037555558715451493313

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales238256237319352314374392389412
Operating Expenses + 222239221302339296355371367385
Manufacturing Costs46404551364445474536
Material Costs170192169239291240295305304327
Employee Cost 433456781012
Other Costs 2346669999
Operating Profit 16161617141819212227
Operating Profit Margin (%) 6.7%6.3%6.8%5.5%3.9%5.9%5.1%5.4%5.7%6.5%
Other Income + 1011201222
Exceptional Items 000000000-4
Interest 999101099988
Depreciation 6655544444
Profit Before Tax 1233057111213
Tax 0-0-22313535
Profit After Tax 1251-344699
PAT Margin (%) 0.5%0.7%1.9%0.4%-0.7%1.3%1.2%1.5%2.3%2.1%
Adjusted EPS (₹)0.40.61.50.4-0.81.41.52.03.02.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Vaswani Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 8486879398102107113122137
Share Capital 29303030303030303031
Reserves 555657636872778392106
Debt +424248515340513431151
Long Term Debt3471197151015109
Short Term Debt38394139443236241642
Minority Interest0000000000
Trade Payables25262542293438351942
Others Liabilities 1351113172022201731
Total Liabilities 163160171198196197217201189362

Fixed Assets

Net Fixed Assets +676257545956545152112
Gross Block11382114116127128129130134198
Accumulated Depreciation46205762677175798286
CWIP 00000000467
Investments 7727777772
Inventories37323151374539494666
Trade Receivables2226414354545049188
Cash Equivalents 5-0-00188122345
Others Assets 24323942372658333961
Total Assets 163160171198196197217201189362

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 184491029-0303134
PBT 1233057111213
Adjustment 17151515141413121216
Changes in Working Capital -0-13-13-9-410-20796
Tax Paid 00000000-2-1
Cash Flow From Investing Activity + -8-0-1-2-1-1-2-1-9-134
Capex -8-1-1-2-1-1-2-1-4-65
Net Investments 0000000-003
Others 00000000-5-73
Cash Flow From Financing Activity + -10-9-3-7-8-212-26-11122
Net Proceeds from Shares 1000000007
Net Proceeds from Borrowing 0000-2-17-5595
Interest Paid -9-9-9-10-10-9-9-9-8-8
Dividend Paid 0000000000
Others -20635-104-12-829
Net Cash Flow 1-5-0117141122

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.412.095.221.3-2.764.394.565.898.257.06
ROCE (%)7.978.458.569.237.2810.4111.1613.1813.939.77
Asset Turnover Ratio1.611.741.471.731.791.61.811.8721.49
PAT to CFO Conversion(x)1820.89N/A7.25-053.443.78
Working Capital Days
Receivable Days35.4031.4050.4047.9050.2062.6050.6046.2031.6011.80
Inventory Days4544.9047.404745.7047.80414144.6049.70
Payable Days53.7048.4055.9050.904447.6044.7043.8032.8034.10

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vaswani Industries Ltd FAQs

The current trading price of Vaswani Industries on 04-Jun-2026 16:59 is ₹58.89.

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 03-Jun-2026 the market cap of Vaswani Industries stood at ₹194.0 Cr

The latest P/E ratio of Vaswani Industries as of 03-Jun-2026 is 45.73.

The latest P/B ratio of Vaswani Industries as of 03-Jun-2026 is 1.36.

The 52-week high of Vaswani Industries is ₹70.09 and the 52-week low is ₹42.10.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vaswani Industries is ₹467 ( Cr.) .

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

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

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

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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