VASWANI

Vaswani Industries Limited

Diversified industrial group across steel, power, real estate and agri products

Commodities›Metals & Mining›Ferrous Metals›Sponge Iron

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

Price as of 2026-10-16

Stock price
₹42.13
Market cap
139 Cr
Stock P/E
Loss (TTM EPS ₹-0.04)
P/B
0.92
ROE (FY26)
2.8%
ROCE (FY26)
7.4%
Operating margin (FY26)
6.6%
Debt / equity (FY26)
1.85
OCF / EBITDA (FY26)
50.2%
OCF / EBITDA (3Y)
95.8%

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

Vaswani Industries is a Raipur-based producer of sponge iron and steel billets that also generates power, including solar power, from its plant at Siltara in Chhattisgarh.

Company snapshot

4thBy market cap

Ranked among 4 companies in Sponge Iron.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 95.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Agri Products—0 Cr0 Cr—
Iron & Steel (Including Other Income)
95.0%
281 Cr12 Cr—
Power (Including Other Income) t
5.3%
16 Cr3 Cr—
Real Estate—0 Cr0 Cr—
Unallocated—0 Cr0 Cr—

What we see

Positives
  • ✓96% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 0.9% — little room for error if costs rise.

Statement tables · Standalone

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
Sales87 Cr118 Cr90 Cr92 Cr102 Cr102 Cr115 Cr114 Cr85 Cr124 Cr144 Cr118 Cr
Operating expenses (approx.)83 Cr112 Cr84 Cr86 Cr96 Cr97 Cr106 Cr105 Cr79 Cr121 Cr123 Cr104 Cr
EBITDA4 Cr6 Cr7 Cr5 Cr6 Cr6 Cr10 Cr10 Cr6 Cr3 Cr21 Cr14 Cr
OPM %4.2%4.9%7.3%5.7%5.8%5.5%8.6%8.5%7.3%2.8%14.4%11.9%
Other income0.40 Cr0.46 Cr0.60 Cr0.32 Cr0.21 Cr0.32 Cr2 Cr0.31 Cr0.24 Cr0.09 Cr0.19 Cr0.62 Cr
Interest2 Cr2 Cr2 Cr1 Cr1 Cr2 Cr4 Cr3 Cr3 Cr4 Cr7 Cr6 Cr
Depreciation0.94 Cr0.95 Cr0.95 Cr0.93 Cr0.94 Cr1 Cr1 Cr1 Cr1 Cr2 Cr4 Cr4 Cr
Profit before tax1 Cr3 Cr5 Cr4 Cr4 Cr3 Cr3 Cr5 Cr2 Cr-3 Cr10 Cr5 Cr
Tax %28.2%27.9%33.0%29.2%41.5%29.7%36.2%-2.1%17.8%-176.4%45.5%74.3%
Net profit0.85 Cr2 Cr3 Cr3 Cr2 Cr2 Cr2 Cr5 Cr1 Cr-8 Cr5 Cr1 Cr
EPS (₹)₹0.28₹0.77₹1.03₹0.84₹0.78₹0.58₹0.65₹1.75₹0.42₹-2.48₹1.67₹0.35

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales256 Cr237 Cr319 Cr352 Cr314 Cr374 Cr392 Cr389 Cr412 Cr467 CrSign in free for the trailing twelve months
Operating expenses (approx.)239 Cr221 Cr302 Cr339 Cr296 Cr355 Cr371 Cr367 Cr385 Cr427 CrSign in free for the trailing twelve months
EBITDA16 Cr16 Cr17 Cr14 Cr18 Cr19 Cr21 Cr22 Cr27 Cr40 CrSign in free for the trailing twelve months
OPM %6.4%6.8%5.5%3.9%5.9%5.1%5.4%5.7%6.5%8.6%Sign in free for the trailing twelve months
Other income0.40 Cr0.47 Cr0.53 Cr2 Cr0.47 Cr0.78 Cr2 Cr2 Cr2 Cr0.83 CrSign in free for the trailing twelve months
Interest9 Cr9 Cr10 Cr10 Cr9 Cr9 Cr9 Cr8 Cr8 Cr18 CrSign in free for the trailing twelve months
Depreciation6 Cr5 Cr5 Cr5 Cr4 Cr4 Cr4 Cr4 Cr4 Cr9 CrSign in free for the trailing twelve months
Profit before tax2 Cr3 Cr3 Cr0.16 Cr5 Cr7 Cr11 Cr12 Cr13 Cr14 CrSign in free for the trailing twelve months
Tax %-7.0%-78.2%64.8%1638.4%21.0%38.8%44.1%26.7%34.7%69.7%Sign in free for the trailing twelve months
Net profit2 Cr5 Cr1 Cr-3 Cr4 Cr4 Cr6 Cr9 Cr9 Cr4 CrSign in free for the trailing twelve months
EPS (₹)₹0.59₹1.50₹0.39₹1.74₹1.35₹1.47₹2.00₹3.01₹2.81₹1.31Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%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 capital30 Cr30 Cr30 Cr30 Cr30 Cr30 Cr30 Cr30 Cr31 Cr33 Cr
Reserves56 Cr57 Cr63 Cr68 Cr72 Cr77 Cr83 Cr92 Cr106 Cr117 Cr
Borrowings42 Cr48 Cr51 Cr53 Cr42 Cr53 Cr36 Cr33 Cr156 Cr277 Cr
Other liabilities31 Cr36 Cr55 Cr45 Cr53 Cr57 Cr53 Cr34 Cr68 Cr81 Cr
Total liabilities160 Cr171 Cr198 Cr196 Cr197 Cr217 Cr201 Cr189 Cr362 Cr508 Cr
Fixed assets (net)62 Cr57 Cr54 Cr59 Cr56 Cr54 Cr51 Cr52 Cr112 Cr335 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr0 Cr4 Cr67 Cr9 Cr
Investments7 Cr2 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr2 Cr3 Cr
Loans & advances——21 Cr15 Cr15 Cr28 Cr11 Cr20 Cr27 Cr23 Cr
Inventories32 Cr31 Cr51 Cr37 Cr45 Cr39 Cr49 Cr46 Cr66 Cr82 Cr
Trade receivables26 Cr41 Cr43 Cr54 Cr54 Cr50 Cr49 Cr18 Cr8 Cr15 Cr
Cash & bank-0.04 Cr-0.22 Cr0.39 Cr0.91 Cr0.11 Cr0.96 Cr1 Cr0.22 Cr26 Cr5 Cr
Other assets32 Cr39 Cr21 Cr22 Cr19 Cr38 Cr33 Cr41 Cr53 Cr36 Cr
Total assets160 Cr171 Cr198 Cr196 Cr197 Cr217 Cr201 Cr189 Cr362 Cr508 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 activity—4 Cr9 Cr10 Cr2 Cr-0.09 Cr30 Cr31 Cr34 Cr20 Cr
Cash from investing—-0.85 Cr-2 Cr-1 Cr1.00 Cr-2 Cr-0.81 Cr-9 Cr-134 Cr-158 Cr
Cash from financing—-3 Cr-7 Cr-8 Cr-21 Cr2 Cr-26 Cr-11 Cr122 Cr109 Cr
Net cash flow—-0.18 Cr0.60 Cr0.52 Cr-18 Cr0.53 Cr4 Cr11 Cr22 Cr-29 Cr
Free cash flow (OCF − Capex)—3 Cr7 Cr9 Cr2 Cr-0.09 Cr29 Cr26 Cr-31 Cr-154 Cr

Ratios

No data for this view.