Vaswani Industries
- Market cap
- ₹ 138 Cr.
- P/E
- 19.2x
- P/B
- 0.89x
- 52-week range
- 39 – 69.99
- ROE
- 3%
- ROCE
- 9%
- Dividend yield
- 0%
- Debt / equity
- 1.85
- Sector
- Ferrous Metals
- Industry
- Sponge Iron
- Listed on
- NSE, BSE
About
Vaswani Industries Limited is an India-based company, which is engaged in the business of manufacturing and trading of sponge iron, steel billets, HB wires, iron ore pellets and generation of power. The Company's segments include Iron & Steel, Power, Real Estate, and Agri Products. Its products include forging ingots/billets, sponge iron, and power. Its forging ingots include square and fluted types. It has a capacity of producing 6000 metric tons (MT) of forging quality, casting one heat of 10 metric tons of material. It also delivers different grades of carbon/ spring/ alloy steel products, such as EN-8, EN-9, EN-18, EN-19, C-45, Sup 9 and Sup 11. Its 03 Waste heat recovery boilers (WHRB), in the form of renewable energy from 100 TPD sponge iron kilns. The electricity generated in the captive power plant is used by the steel melting shop (SMS). Sponge iron is also known as direct reduced iron and it is the product of reducing iron oxide in the form of iron ore into metallic iron.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Sponge Iron: 7 companies →Vaswani Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)19.2 against a typical 19.2: in line than most peers (1st = cheapest).4th of 7
- Sales growth+3.1% against a typical +21.8% from a year earlier.4th of 6
- Profit growth−78.8% against a typical −30.9% from a year earlier.3rd of 4
- Share price, 3 months−22.2% against a typical −5.7%.6th of 7
- Size₹ 138.4 Cr. market value against a typical ₹ 201.9 Cr. (1st = largest).4th of 6
Latest announcements
Exchange filings and their impact on the company.
- Promoters infused Rs 9.87 cr at Rs 60 per share, a 43% premium to market, lifting net worth ~6.6%.
Vaswani Industries allotted 16.45 lakh equity shares at Rs 60 per share (Rs 10 face plus Rs 50 premium) to seven promoter and promoter-group allottees, raising Rs 9.87 crore in cash. Paid-up capital rose from 3.29 crore shares to 3.46 crore shares. The issue price is about 43% above the recent market price of around Rs 42, and the funds strengthen the company's leveraged balance sheet with only about 5% dilution.
- Promoters to infuse ~Rs 9.9 cr at Rs 60/share, ~37% above market price, after in-principle approvals.
Vaswani Industries received in-principle approval from BSE and NSE on 12 Oct 2026 to issue 16.45 lakh shares at not less than Rs 60 each to promoters on a preferential basis. The issue would raise about Rs 9.87 cr, a ~37% premium to the current price of around Rs 43-44. The promoter funding will boost net worth and help reduce leverage, with only modest dilution of about 5%.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB by 2 agencies- CRISIL lowered its rating on 30 Jun 2026.
- The company stopped sharing information with CRISIL.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Acuite | ACUITE BBB | Stable | 22 Oct 2026 |
| Infomerics | IVR BBB | Stable | 1 Oct 2026 |
| CRISIL | Crisil BB(Issuer Not Cooperating) | Stable | 30 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 22 Oct 2026 | New rating | ACUITE BBB | Medium | Acuite | ₹ 75.54 Cr. | |
| 1 Oct 2026 | Reaffirmed | IVR BBB | — | Infomerics | ₹ 784.08 Cr. | |
| 30 Jun 2026 | ▼ Downgrade1 notch | Crisil BB+ INC → Crisil BB(Issuer Not Cooperating) | — | CRISIL | ₹ 237 Cr. | |
| 14 Jan 2026 | Rating action | Crisil BB+ INC | — | CRISIL | ₹ 237 Cr. | |
| 6 Jan 2026 | New rating | ACUITE BBB | — | Acuite | ₹ 349 Cr. |
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 23 Oct 2026 | Preferential issue | Allotted | ₹ 9.87 Cr. | ₹ 60 | −32.48% | |
| 13 Oct 2026 | Preferential issue | Exchange approval | ₹ 9.87 Cr. | ₹ 60 | −32.48% |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results | VASWANI : 14-Aug-2026 : The Company has informed the Exchange that a Board meeting to be held on August 13, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on August 14, 2026, To consider and approve the financial results for the period ended Jun 30, 2026 |
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 4 Jun 2026 | Other business matters | to consider seeking shareholders' approval for the proposed preferential allotment |
| 30 May 2026 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended March 31, 2026 and Fund Raising |
| 28 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Feb 2026 | Financial Results | VASWANI : 14-Feb-2026 : The Company has informed the Exchange that a Board meeting to be held on February 13, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on February 14, 2026, , To consider and approve the financial results for the period ended December 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 87 | 118 | 90 | 92 | 102 | 102 | 115 | 114 | 85 | 124 | 144 | 118 |
| Expenses | 83 | 112 | 84 | 86 | 96 | 97 | 106 | 105 | 79 | 121 | 123 | 104 |
| Operating Profit | 4 | 6 | 7 | 5 | 6 | 6 | 10 | 10 | 6 | 3 | 21 | 14 |
| OPM % | 4.2% | 4.9% | 7.3% | 5.7% | 5.8% | 5.5% | 8.6% | 8.5% | 7.4% | 2.8% | 14.4% | 11.9% |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | −2 | 0 | 0 | 0 | 0 | 1 |
| Interest | 2 | 2 | 2 | 1 | 1 | 2 | 4 | 3 | 3 | 4 | 7 | 6 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 4 |
| Profit before tax | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 5 | 2 | −3 | 10 | 5 |
| Tax % | 28.8% | 28% | 33.1% | 29.2% | 41.4% | 29.8% | 36.2% | −2.1% | 17.7% | 176.7% | 45.6% | 74.5% |
| Net Profit | 1 | 2 | 3 | 3 | 2 | 2 | 2 | 5 | 1 | −8 | 5 | 1 |
| EPS in Rs | 0.28 | 0.77 | 1.03 | 0.84 | 0.78 | 0.56 | 0.63 | 1.75 | 0.41 | −2.42 | 1.64 | 0.35 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 8%
- 3 Years
- 6%
- TTM
- 8%
- 10 Years
- 14%
- 5 Years
- 1%
- 3 Years
- −11%
- TTM
- −101%
- 10 Years
- 20%
- 5 Years
- 29%
- 3 Years
- 27%
- TTM
- —
- 10 Years
- 4%
- 5 Years
- 6%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Vaswani Industries | ₹ 40.51 | ₹ 138 Cr. | 19.2x | 0.9x | 3% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Vaswani Ravi Kumar
- Chairman of the Board, Managing Director
- Sakshi Agrawal
- Compliance Officer, Company Secretary
- Pawan Kumar Jha
- Executive Director
- Pramod Vaswani
- Whole Time Director
- Yashwant Vaswani
- Wholetime Director
Prices are delayed and for information only. Nothing on this page is investment advice.