Skip to main content
Swing Capital

Vaswani Industries Ltd

NSE: VASWANI BSE: 533576Metal

Incorporated in 2003, Vasvani Industries Ltd is in the business of Iron & Steel and Power Generation[1]

₹55
52W: ₹42 — ₹70.1
PE 55.9 · Book ₹46.2 · +19% vs book
Market Cap₹181 Cr
Stock P/E55.9Price to Earnings
ROCE11.1%Return on Capital
ROE8.48%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 1.18 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 3.15% over past five years.
  • −Company has a low return on equity of 7.32% over last 3 years.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters62.06%
FIIs0%
DIIs0%
Public37.95%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.33%58.33%60.12%▲1.860.12%60.12%62.06%▲1.962.06%62.06%
FIIs0%0.16%▲0.20%▼0.20.12%▲0.10.01%▼0.10.02%▲0.00.11%▲0.10%▼0.1
DIIs0%0%0%0%0%0%0%0%
Public41.67%41.5%▼0.239.87%▼1.639.76%▼0.139.87%▲0.137.92%▼1.937.83%▼0.137.95%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales87.11118.3290.3691.74102.16102.34115.4114.2885.01124.19
Expenses83.49112.4883.7686.4896.1996.72105.52104.5978.76120.7
Operating Profit3.625.846.65.265.975.629.889.696.253.49
OPM %4.16%4.94%7.3%5.73%5.84%5.49%8.56%8.48%7.35%2.81%
Net Profit0.852.323.12.522.331.771.995.471.34-7.96
EPS ₹0.280.771.030.840.780.560.631.750.41-2.42

AI Insights

Revenue Trend

TTM revenue at ₹439Cr, up 6.6% YoY. OPM at 7%.

Debt Position

Borrowings at ₹266Cr. Debt-to-equity ratio: 2.24x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹215Cr (178% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 62.06%.

Margin & Efficiency

ROCE declining from 12% (Mar 2014) to 11% (Mar 2025). Working capital days: 9.

Valuation

PE 55.9x with 11.1% ROCE. Price is 19% above book value of ₹46.2. Dividend yield: 0%.

Recent Announcements