Vaswani Industries Limited (IN:VASWANI)
:VASWANI
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Vaswani Industries Limited
(VASWANI)
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Rating:56Neutral
Price Target:
₹55.00
▼(-8.49% Downside)
Action:ReiteratedDate:03/03/26
The score is primarily supported by decent financial performance (revenue growth and improved gross margin), but is weighed down by leverage and negative free cash flow. Technicals also pressure the score as the stock trades below key moving averages, and valuation is a major headwind due to the very high P/E.
Positive Factors
Revenue Growth
A 5.7% year-over-year revenue increase shows durable demand and expanding sales volumes for core steel products. Consistent top-line growth supports scale economics, underpins future margin recovery opportunities, and strengthens the revenue base for multi-quarter planning and investment.
Negative Factors
High Leverage
A high debt-to-equity position raises structural financial risk: interest costs and refinancing needs increase sensitivity to rate moves and cyclical downturns, constraining strategic flexibility and making sustained investment or dividend policies more conditional on deleveraging or stronger cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 5.7% year-over-year revenue increase shows durable demand and expanding sales volumes for core steel products. Consistent top-line growth supports scale economics, underpins future margin recovery opportunities, and strengthens the revenue base for multi-quarter planning and investment.
Read all positive factors
Vaswani Industries Limited (VASWANI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.75B
Dividend YieldN/A
Average Volume (3M)8.00K
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth3.59%
EPS Growth-1.31%
CountryIN
Employees255
SectorServices
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)-2.42
Shares Outstanding31,346,153
10 Day Avg. Volume6,653
30 Day Avg. Volume8,003
Financial Highlights & Ratios
PEG Ratio-2.04
Price to Book (P/B)0.81
Price to Sales (P/S)0.27
P/FCF Ratio-1.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vaswani Industries Limited Business Overview & Revenue Model
Company Description
Vaswani Industries Limited manufactures and trades in iron ore pellets, sponge iron, steel billets, HB wires, and ingots in India. The company operates through four segments: Iron & Steel, Power, Real Estate, and Agri. It also generates power thro...
How the Company Makes Money
VASWANI generates revenue through multiple streams, primarily by manufacturing and selling industrial products across its key sectors. The company produces textiles and steel products, which are sold directly to businesses and industries requiring...
Vaswani Industries Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.17B | 4.12B | 3.89B | 3.92B | 3.74B | 3.14B |
| Gross Profit | 845.14M | 667.29M | 285.81M | 272.57M | 351.00M | 297.77M |
| EBITDA | 302.97M | 255.56M | 218.50M | 214.21M | 181.21M | 188.12M |
| Net Income | 105.71M | 86.04M | 90.33M | 60.11M | 44.23M | 40.62M |
Balance Sheet | ||||||
| Total Assets | 5.03B | 3.62B | 1.89B | 2.01B | 2.17B | 1.97B |
| Cash, Cash Equivalents and Short-Term Investments | 204.83M | 450.63M | 2.16M | 12.29M | 9.58M | 1.10M |
| Total Debt | 2.66B | 1.56B | 328.79M | 358.48M | 528.61M | 416.40M |
| Total Liabilities | 3.51B | 2.24B | 671.66M | 884.71M | 1.10B | 941.52M |
| Stockholders Equity | 1.52B | 1.37B | 1.22B | 1.13B | 1.07B | 1.02B |
Cash Flow | ||||||
| Free Cash Flow | -1.49B | -1.02B | 220.65M | 291.50M | -19.07M | 276.99M |
| Operating Cash Flow | 107.99M | 343.61M | 307.01M | 299.30M | -891.00K | 286.96M |
| Investing Cash Flow | -1.46B | -1.34B | -93.56M | -8.12M | -17.26M | -9.97M |
| Financing Cash Flow | 1.11B | 1.22B | -106.77M | -255.64M | 23.46M | -207.36M |
Vaswani Industries Limited Technical Analysis
Positive
60.10
Price Trends
55.26
Positive
56.67
Negative
55.70
Positive
Market Momentum
-0.66
Negative
55.67
Neutral
86.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VASWANI, the sentiment is Positive. The current price of 60.1 is above the 20-day moving average (MA) of 52.85, above the 50-day MA of 55.26, and above the 200-day MA of 55.70, indicating a bullish trend. The MACD of -0.66 indicates Negative momentum. The RSI at 55.67 is Neutral, neither overbought nor oversold. The STOCH value of 86.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VASWANI.
Vaswani Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | ₹3.70B | 186.32 | ― | 0.47% | -7.32% | -26.92% | |
56 Neutral | ₹1.75B | -6.49 | ― | ― | 3.59% | -1.31% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
46 Neutral | ₹1.25B | -678.38 | ― | ― | -75.03% | -17499.32% | |
46 Neutral | ₹1.57B | -0.64 | ― | ― | ― | ― | |
40 Underperform | ₹3.39B | -237.12 | ― | ― | -6.13% | 98.35% |
* Services Sector Average
IN:VASWANI
Vaswani Industries Limited
55.74
19.53
53.94%
IN:ARSSINFRA
ARSS Infrastructure Projects Limited
54.84
17.85
48.26%
IN:IL&FSENGG
IL&FS Engineering & Construction Co. Ltd.
25.87
-11.23
-30.27%
IN:MEP
MEP Infrastructure Developers Ltd.
0.86
-0.42
-32.81%
IN:RPPINFRA
RPP Infra Projects Ltd.
74.60
-77.44
-50.93%
IN:SADBHAV
Sadbhav Engineering Limited
9.17
-1.95
-17.54%
Vaswani Industries Limited Corporate Events
Vaswani Industries Swings to Quarterly Loss Despite Revenue Growth
Feb 28, 2026
Vaswani Industries Limited reported its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, showing revenue from operations of Rs 12,419.34 lakh for the quarter and Rs 32,348.47 lakh for the nine-month p...
Vaswani Industries Extends Trading Window Closure as Board Delays Q3 Results
Feb 21, 2026
Vaswani Industries Limited has announced that its previously scheduled board meeting on February 13, 2026, to consider and approve unaudited standalone financial results for the quarter ended December 31, 2025, was cancelled due to non-finalisatio...
Vaswani Industries Secures BSE Nod to List Preferential Shares to Promoter
Feb 7, 2026
Vaswani Industries Limited has received in-principle approval from BSE for the listing of 1.6 million equity shares of ₹10 each issued at a premium of ₹40 per share on a preferential basis to a promoter allottee, aligning with securiti...
Vaswani Industries Extends Trading Window Closure Ahead of Quarterly Results
Feb 5, 2026
Vaswani Industries Limited has announced that its trading window for directors, key managerial personnel, designated employees and other covered persons will remain closed in line with SEBI’s Prohibition of Insider Trading Regulations, 2015....
Vaswani Industries Closes Trading Window Ahead of Q3 FY2025-26 Results
Dec 30, 2025
Vaswani Industries Limited has announced that, in line with its internal code for regulating, monitoring and reporting trading by insiders and the SEBI (Prohibition of Insider Trading) Regulations, 2015, it will close its trading window for compan...
Vaswani Industries Announces Leadership Re-appointments and Compensation Adjustments
Dec 9, 2025
Vaswani Industries Limited announced the re-appointment of Mr. Yashwant Vaswani as Whole-Time Director for another five-year term, along with a revision of his remuneration. The Board also approved a Postal Ballot Notice seeking shareholder approv...
Vaswani Industries Announces Leadership Re-Appointments and Remuneration Adjustments
Dec 9, 2025
Vaswani Industries Limited has announced the re-appointment of Mr. Yashwant Vaswani as Whole-Time Director for another five-year term starting December 10, 2025, with a revised remuneration package. Additionally, the company has approved a Postal ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.