As of 6 Nov 2026, Vaswani Industries is loss-making on a trailing 12-month basis, with a net loss of ₹0.06 Cr, so it has no P/E ratio. The share price is ₹41.77, 40% below its 52-week high. Sales grew 6.0% a year over 3 years. Debt is 1.85× equity. It is a small-cap company with a market cap of ₹144 Cr, ranked 94th of 150 Steel companies by market cap; the shares fell 34% over the past year.
- ₹41.97
- ₹41.97
- ₹40.50
- ₹40.65
- 5.9K
Health check
- ReturnsBehind
−33.5% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +6.0%, profit −11.0% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 8.0% vs peer median 18.7%.
- Balance sheetStretched
Debt 1.85× equity, interest covered 1.8×, Piotroski 4 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹144 Cr
- Small cap
- P/E
- n/a
- Industry 19.9
- Price to book
- 0.90
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- 3.0%
- Peers 23.4%
- ROCE
- 8.0%
- Peers 18.7%
- Debt to equity
- 1.85
- Debt ₹277 Cr
- EPS (TTM)
- −₹0.04
- Face value ₹10
- OPM (TTM)
- 9.4%
- Net margin 0.0%
- Sales growth
- +3.1%
- Latest quarter vs a year ago
- Profit growth
- −78.7%
- Latest quarter vs a year ago
- Price to sales
- 0.31
- EV/EBITDA 9.3
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at 3.0%.
- Debt is 1.85× equity.
- Quarterly profit down 78.7% on a year ago.
- 40% below its 52-week high.
About Vaswani Industries
Vaswani Industries Limited engages in the manufacture and trading of iron and steel products in India. It operates through the Iron & Steel, Power, Real Estate, and Agri Division segments. The company offers alloy ingots, billets and blooms, power and sponge irons, as well as value-added products, including induction furnace, steel billets, rolling mill, thermo-mechanically treated bars, and forging and casting products. It also generates electricity…
- Headquarters
- Raipur
- Employees
- 335
- Sector
- Basic Materials
- ISIN
- INE590L01019
- Website
- vaswaniindustries.com
Price range
- Avg volume (3M)
- 31.9K
- 1-year return
- minus 33.5%
- From 52-week high
- minus 40.3%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| VASWANIVaswani Industries | 41.77 | plus 2.76% | 144 | – | 10.3 | 8.0% | 9.4% | 1.85 | 6.0% | minus 33.5% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 114 | 85 | 124 | 144 | 118 | |
| 105 | 78.8 | 121 | 123 | 104 | |
| 9.7 | 6.2 | 3.5 | 20.7 | 14.1 | |
| 8.5% | 7.3% | 2.8% | 14.4% | 11.9% | |
| 0.3 | 0.2 | 0.1 | 0.2 | 0.6 | |
| 3.2 | 3.4 | 4.2 | 6.8 | 6.2 | |
| 1.5 | 1.4 | 2.3 | 4.2 | 4 | |
| 5.4 | 1.6 | −2.9 | 9.9 | 4.5 | |
| −2.1% | 17.8% | −176.4% | 45.5% | 74.3% | |
| 5.5 | 1.3 | −8 | 5.4 | 1.2 | |
| 1.75 | 0.42 | -2.48 | 1.67 | 0.35 |
Profit & loss
- Sales CAGR 3Y
- +6.0%
- Profit CAGR 3Y
- −11.0%
- EPS CAGR 3Y
- −13.2%
- ROE
- 3.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 392 | 389 | 412 | 467 | |
| – | minus 0.6% | +5.7% | +13.5% | |
| 370 | 367 | 385 | 427 | |
| 21.5 | 22.2 | 27 | 40.3 | |
| 5.5% | 5.7% | 6.6% | 8.6% | |
| 0.3 | −0.3 | 2.1 | 0.8 | |
| 7 | 5.8 | 8 | 17.6 | |
| 3.7 | 3.8 | 4.4 | 9.4 | |
| −0.3 | −0.1 | −3.5 | −0.2 | |
| 10.7 | 12.3 | 13.2 | 14 | |
| 44.1% | 26.7% | 34.7% | 69.7% | |
| 6 | 9 | 8.6 | 4.2 | |
| – | +50.3% | minus 4.7% | minus 50.7% | |
| 2.00 | 3.01 | 2.81 | 1.31 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30 | 30 | 31.3 | 32.9 | |
| 82.6 | 91.7 | 106 | 117 | |
| 35.8 | 32.9 | 156 | 277 | |
| 52.6 | 34.3 | 68.2 | 81.2 | |
| 201 | 189 | 362 | 508 | |
| 51.2 | 62.7 | 196 | 345 | |
| 8.5 | 20.6 | 84.4 | 10.5 | |
| 7.3 | 6.4 | 1.7 | 1.8 | |
| 1.2 | 0.2 | 25.8 | 4.7 | |
| 133 | 98.9 | 53.6 | 146 | |
| 201 | 189 | 362 | 508 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 29.9 | 30.7 | 34.4 | 18.3 | |
| −0.8 | −9.4 | −134 | −158 | |
| −25.6 | −10.7 | 122 | 111 | |
| 3.6 | 10.7 | 22.4 | −28.8 | |
| −0.8 | −8.6 | −128 | −232 | |
| 29.1 | 22.1 | −93.5 | −214 |
Shareholding pattern
- Promoters62.06%
- Public37.94%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 62.06% | 37.94% | 0.00 | |
| 30 Jun 2026 | 62.06% | 37.94% | 0.00 | |
| 31 Mar 2026 | 62.06% | 37.94% | 0.00 | |
| 31 Dec 2025 | 62.06% | 37.94% | 0.00 | |
| 30 Sep 2025 | 62.06% | 37.94% | – |
Major shareholders
Filings & events
News
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