Vaswani Industries Limited (VASWANI) AI Stock Analysis

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Vaswani Industries Limited

(NSE:VASWANI)

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Rating:46Neutral

Price Target:INR 42.00▼(-5.87% Downside)

Action:reiterated

Date:08/18/26

The overall score is constrained primarily by rising leverage, very weak recent operating and free cash flows, and modest, volatile net profitability despite strong revenue and asset growth. Technicals add further caution, with the share price below key moving averages and negative momentum signaling a prevailing downtrend. A relatively high P/E multiple without supporting cash generation makes the valuation appear demanding, limiting upside until profitability and cash flows show clearer, sustained improvement.

Positive Factors

Revenue GrowthPositive top-line growth indicates that Vaswani Industries continued expanding sales in the latest year despite a mixed prior trajectory. If maintained, stronger revenue can improve operating absorption, support capacity utilization, and provide a foundation for rebuilding earnings over the next several quarters.

Negative Factors

Sharp Increase in LeverageThe sharp rise in borrowing relative to the more modest increase in equity materially weakens financial flexibility. Higher leverage is especially important for a cyclical steel company because it can increase funding pressure, constrain investment choices, and make downturns more difficult to absorb.

Vaswani Industries Limited (VASWANI) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.53B
Dividend Yield: ―
Average Volume (3M): 8,802
Price to Earnings (P/E): 1133.5
Beta (1Y): 0.87
Revenue Growth: 8.45%
EPS Growth: -99.70%
Country: India
Employees: 335
Sector: General
Sector Strength: 55
Industry: Steel

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 wire...

Vaswani Industries Limited Financial Statement Overview

Summary

Score reflects strong multi-year revenue and asset growth alongside improving operating earnings, offset by volatile and modest net profitability, sharply rising debt levels, and a recent collapse in operating and free cash flow that materially heighten financial risk.

Income Statement

63Positive

Balance Sheet

55Neutral

Cash Flow

32Negative

Financial statement breakdown
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	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	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 Technical Analysis

Technical Analysis SentimentPositive

Last Price44.62

Price Trends

50DMA44.14Positive

100DMA48.25Negative

200DMA52.18Negative

Market Momentum

MACD0.33Negative

RSI64.69Neutral

STOCH80.52Negative

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 44.62 is above the 20-day moving average (MA) of 42.23, above the 50-day MA of 44.14, and below the 200-day MA of 52.18, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 64.69 is Neutral, neither overbought nor oversold. The STOCH value of 80.52 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:VASWANI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SALSTEEL	51Neutral	INR 12.71B	54.81	―	―	-51.31%	―
IN:PRAKASHSTL	48Neutral	INR 633.50M	81.80	―	―	9.07%	-41.57%
IN:VASWANI	46Neutral	INR 1.56B	1133.50	―	―	8.45%	-99.70%
IN:ZENITHSTL	45Neutral	INR 700.02M	19.69	―	―	-56.84%	-15.19%
IN:VSTL	44Neutral	INR 1.95B	25.99	―	―	20.90%	-36.24%
IN:SHYAMCENT	42Neutral	INR 1.08B	-20.06	―	―	-98.90%	31.05%

* General Sector Average

Performance Comparison

IN:VASWANI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:VASWANI	Vaswani Industries Limited	44.62	-11.90	-21.05%
IN:PRAKASHSTL	Prakash Steelage Limited	3.58	-1.35	-27.38%
IN:SALSTEEL	S.A.L. Steel Ltd.	84.52	42.58	101.53%
IN:SHYAMCENT	Shyam Century Ferrous Ltd.	4.95	-0.73	-12.85%
IN:VSTL	Vibhor Steel Tubes Ltd.	103.00	-34.65	-25.17%
IN:ZENITHSTL	Zenith Steel Pipes & Industries Limited	4.95	-3.01	-37.81%

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.

Date of analysis: Aug 18, 2026

Vaswani Industries Limited AI Stock Analysis