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Vaswani Industries Limited
(VASWANI)
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Rating:44Neutral
Price Target:
₹47.00
▼(-12.07% Downside)
Action:Reiterated
Date:08/18/26
The score is held down primarily by weakening financial quality—especially the sharp deterioration in cash flow and the jump in leverage—despite revenue growth. Technicals add further pressure as the stock trades below major moving averages with a negative MACD. Valuation provides only limited support given the high P/E and no dividend yield data.
Positive Factors
Revenue Growth
Top-line growth indicates improving demand or sales execution in the company’s steel markets. If sustained, higher revenue can improve capacity utilization and operating leverage, supporting stronger competitiveness across construction and industrial applications.
Negative Factors
Severe Cash Flow Deterioration
Weak operating cash generation and deeply negative free cash flow reduce financial flexibility and increase reliance on borrowing or other external funding. Persistent cash burn could constrain maintenance investment, working capital, and the company’s ability to absorb steel-cycle volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Top-line growth indicates improving demand or sales execution in the company’s steel markets. If sustained, higher revenue can improve capacity utilization and operating leverage, supporting stronger competitiveness across construction and industrial applications.
Read all positive factors
Vaswani Industries Limited (VASWANI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.52B
Dividend YieldN/A
Average Volume (3M)6.64K
Price to Earnings (P/E)1147.0
Beta (1Y)0.88
Revenue Growth8.45%
EPS Growth-99.70%
CountryIN
Employees328
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.04
Shares Outstanding32,946,150
10 Day Avg. Volume1,910
30 Day Avg. Volume6,638
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)1.08
Price to Sales (P/S)0.35
P/FCF Ratio-0.70
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
Operating from Raipur, India, Vaswani Industries Limited, established in 2003, engages in the production and commercialization of a diverse range of iron and steel products across India, including iron ore pellets, sponge iron, steel billets, HB w...
How the Company Makes Money
VASWANI primarily makes money by manufacturing and selling steel products. Revenue is generated from (1) sales of finished steel goods (typically long products used in construction and infrastructure), sold to customers such as traders/distributor...
Vaswani Industries Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
34
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.71B | 4.67B | 4.12B | 3.89B | 3.92B | 3.74B |
| Gross Profit | 946.75M | 993.24M | 667.29M | 285.81M | 272.57M | 351.00M |
| EBITDA | 449.05M | 409.42M | 255.56M | 218.50M | 214.21M | 181.21M |
| Net Income | -627.00K | 42.44M | 86.04M | 90.33M | 60.11M | 44.23M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.08B | 3.62B | 1.89B | 2.01B | 2.17B |
| Cash, Cash Equivalents and Short-Term Investments | 162.42M | 162.42M | 450.63M | 2.16M | 12.29M | 9.58M |
| Total Debt | 0.00 | 2.77B | 1.56B | 328.79M | 358.48M | 528.61M |
| Total Liabilities | -1.50B | 3.58B | 2.24B | 671.66M | 884.71M | 1.10B |
| Stockholders Equity | 1.50B | 1.50B | 1.37B | 1.22B | 1.13B | 1.07B |
Cash Flow | ||||||
| Free Cash Flow | -1.49B | -2.31B | -1.02B | 220.65M | 291.50M | -19.07M |
| Operating Cash Flow | 107.99M | 7.63M | 343.61M | 307.01M | 299.30M | -891.00K |
| Investing Cash Flow | -1.46B | -1.58B | -1.34B | -93.56M | -8.12M | -17.26M |
| Financing Cash Flow | 1.11B | 1.29B | 1.22B | -106.77M | -255.64M | 23.46M |
Vaswani Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹11.15B | 59.37 | ― | ― | -70.23% | ― | |
50 Neutral | ₹2.29B | 29.93 | ― | ― | 20.90% | -36.24% | |
48 Neutral | ₹1.06B | -17.83 | ― | 1.40% | -91.67% | 44.09% | |
47 Neutral | ₹665.00M | 105.63 | ― | 0.39% | 19.54% | -60.99% | |
45 Neutral | ₹855.11M | 20.83 | ― | 5.58% | -61.73% | 30.58% | |
44 Neutral | ₹1.52B | 1,147.00 | ― | ― | 8.45% | -99.70% |
* General Sector Average
IN:VASWANI
Vaswani Industries Limited
45.00
-12.67
-21.97%
IN:PRAKASHSTL
Prakash Steelage Limited
3.74
-1.96
-34.39%
IN:SALSTEEL
S.A.L. Steel Ltd.
74.64
43.05
136.28%
IN:SHYAMCENT
Shyam Century Ferrous Ltd.
4.96
-2.57
-34.13%
IN:VSTL
Vibhor Steel Tubes Ltd.
118.05
-41.55
-26.03%
IN:ZENITHSTL
Zenith Steel Pipes & Industries Limited
5.92
-1.69
-22.21%
Vaswani Industries Limited Corporate Events
Vaswani Industries Shareholders Approve Preferential Issue and Board Reappointment
Jul 9, 2026
Vaswani Industries Limited shareholders have approved a special resolution to issue equity shares on a preferential basis through a private placement to the promoter and promoter group. The postal ballot, conducted via remote e-voting, recorded st...
Vaswani Industries Closes Trading Window Ahead of Quarterly Results
Jun 27, 2026
Vaswani Industries Limited has announced the closure of its trading window for company securities starting July 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal insider trading code. The blackout appli...
Vaswani Industries Posts Audited FY26 Results, Plans Rs 9.87 Crore Preferential Share Issue
May 30, 2026
Vaswani Industries reported its audited standalone financial results for the quarter and year ended 31 March 2026, with its statutory auditors issuing an unmodified opinion on both standalone and consolidated accounts, underscoring the integrity o...
Vaswani Industries Clears FY26 Results and Plans Rs 9.87 Crore Preferential Share Issue
May 30, 2026
Vaswani Industries Limited’s board has approved the audited standalone financial results and financial statements for the quarter and year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion on both standalone and...
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.