Vaswani Industries Ltd
Incorporated in 2003, Vasvani Industries Ltd is in the business of Iron & Steel and Power Generation[1]
- Market Cap ₹ 182 Cr.
- Current Price ₹ 55.3
- High / Low ₹ 70.1 / 32.0
- Stock P/E 14.0
- Book Value ₹ 46.2
- Dividend Yield 0.00 %
- ROCE 11.1 %
- ROE 8.48 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.21 times its book value
- Company has delivered good profit growth of 44.2% CAGR over last 5 years
- Promoter holding has increased by 1.94% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 226 | 255 | 238 | 255 | 237 | 319 | 352 | 314 | 374 | 390 | 389 | 412 | 417 | |
| 206 | 237 | 221 | 239 | 221 | 301 | 339 | 296 | 355 | 369 | 366 | 385 | 386 | |
| Operating Profit | 21 | 18 | 16 | 16 | 16 | 18 | 14 | 18 | 19 | 21 | 22 | 27 | 31 |
| OPM % | 9% | 7% | 7% | 6% | 7% | 5% | 4% | 6% | 5% | 5% | 6% | 7% | 8% |
| -3 | 1 | 1 | 0 | 0 | 1 | 2 | 0 | 1 | 2 | 2 | -1 | -1 | |
| Interest | 11 | 11 | 9 | 9 | 9 | 10 | 10 | 9 | 9 | 9 | 8 | 8 | 12 |
| Depreciation | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 5 |
| Profit before tax | 1 | 1 | 1 | 2 | 3 | 3 | 0 | 5 | 7 | 11 | 12 | 13 | 13 |
| Tax % | 97% | -5% | 15% | -7% | -78% | 65% | 1,681% | 21% | 39% | 44% | 27% | 35% | |
| 0 | 1 | 1 | 2 | 5 | 1 | -3 | 4 | 4 | 6 | 9 | 9 | 11 | |
| EPS in Rs | 0.01 | 0.40 | 0.40 | 0.59 | 1.50 | 0.39 | -0.84 | 1.35 | 1.47 | 2.00 | 3.01 | 2.74 | 3.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 44% |
| 3 Years: | 35% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 62% |
| 3 Years: | 39% |
| 1 Year: | 10% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 6% |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 29 | 29 | 29 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 31 | 33 |
| Reserves | 55 | 54 | 57 | 56 | 57 | 63 | 68 | 72 | 77 | 83 | 92 | 106 | 119 |
| 59 | 47 | 45 | 42 | 48 | 51 | 53 | 42 | 53 | 36 | 33 | 156 | 266 | |
| 32 | 31 | 32 | 31 | 36 | 55 | 45 | 53 | 57 | 53 | 34 | 68 | 85 | |
| Total Liabilities | 174 | 161 | 163 | 160 | 171 | 198 | 196 | 197 | 217 | 201 | 189 | 362 | 503 |
| 72 | 66 | 67 | 62 | 57 | 54 | 59 | 56 | 54 | 51 | 52 | 112 | 121 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 67 | 215 |
| Investments | 7 | 7 | 7 | 7 | 2 | 7 | 7 | 7 | 7 | 7 | 7 | 2 | 2 |
| 95 | 88 | 88 | 91 | 111 | 137 | 129 | 133 | 156 | 143 | 126 | 180 | 165 | |
| Total Assets | 174 | 161 | 163 | 160 | 171 | 198 | 196 | 197 | 217 | 201 | 189 | 362 | 503 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 24 | 18 | 4 | 4 | 9 | 10 | 29 | -0 | 30 | 31 | 34 | |
| 0 | -2 | -8 | -0 | -1 | -2 | -1 | -1 | -2 | -1 | -9 | -134 | |
| -10 | -22 | -10 | -9 | -3 | -7 | -8 | -21 | 2 | -26 | -11 | 122 | |
| Net Cash Flow | -3 | 1 | 1 | -5 | -0 | 1 | 1 | 7 | 1 | 4 | 11 | 22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48 | 41 | 34 | 38 | 63 | 49 | 56 | 62 | 49 | 46 | 17 | 7 |
| Inventory Days | 65 | 50 | 75 | 59 | 67 | 94 | 89 | 69 | 48 | 59 | 54 | 73 |
| Days Payable | 56 | 47 | 50 | 49 | 55 | 76 | 68 | 52 | 47 | 42 | 23 | 47 |
| Cash Conversion Cycle | 57 | 45 | 59 | 48 | 76 | 67 | 76 | 79 | 50 | 62 | 49 | 34 |
| Working Capital Days | 4 | 10 | 5 | 11 | 25 | 30 | 31 | 42 | 31 | 42 | 44 | 9 |
| ROCE % | 12% | 9% | 8% | 8% | 9% | 9% | 7% | 10% | 11% | 13% | 13% | 11% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Nov
-
Information Regarding Approval From CGECB For Additional MS Billet
19 Nov - CGECB granted Consent to Operate for MS Billet capacity of 105,000 TPA (includes 36,000 TPA); letter dated Oct 28, 2025.
-
Board Meeting Outcome for Unaudited Finacial Result For The Quarter Ended September 30, 2025
14 Nov - Q2 revenue Rs 8,524.90 lakh; Q2 profit Rs 134.32 lakh; limited review approved.
-
Unaudited Finacial Result For The Quarter Ended September 30, 2025
14 Nov - Approved Q2/H1 FY2025-26 unaudited results; H1 PAT Rs.681.38 lakhs; limited review done.
-
Closure of Trading Window
12 Nov - Trading window closed till Nov 17, 2025; Board meets Nov 14 to approve unaudited quarter ended Sep 30, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
VIL is a part of the Vaswani group of companies. It manufactures Induction Furnace, Sponge Iron, Power, Mild Steel Billet, Rolling Mill, Forgings & Casting