Vaswani Industries Ltd.
•₹ 46.55-0.15%
2026-08-21
PROS
- Promoters have been increasing their shareholding - up 3.7pp over 2 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.02x)
- Working capital cycle has improved - days down from 65 to 49
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.5
CONS
- Recent results are weak - TTM profit is down 100.5% versus prior year
- Company has a low return on equity of 7.1% over last 3 years
- Total debt has risen sharply - up 375.2% year on year
- Company has delivered a poor sales growth of 3.2% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JINDALSTEL | 1113.00 | 41.77 | 113535.81 | 0.18 | 843.80 | -43.60 | 15482.13 | 25.93 | 8.92 | 17.18 |
| 2. | LLOYDSME | 1921.30 | 22.69 | 108151.31 | 0.05 | 1733.89 | 170.25 | 7354.40 | 209.39 | 27.59 | 38.26 |
| 3. | JAIBALAJI | 66.44 | 20.69 | 6061.00 | 0.00 | 26.48 | -82.71 | 1353.35 | -13.06 | 36.09 | 5.31 |
| 4. | RSL | 164.85 | 0.00 | 1377.61 | 0.30 | 20.20 | 144.24 | 306.54 | 23.65 | 31.72 | 9.37 |
| 5. | STEELXIND | 10.60 | 348.29 | 1352.05 | 0.00 | 150.26 | — | 2697.14 | — | 11.97 | 12.70 |
| 6. | SALSTEEL | 79.42 | 0.00 | 1149.74 | 0.00 | 30.90 | 419.21 | 873.70 | 584.99 | 4.89 | 15.51 |
| 7. | VRAJ | 121.10 | 11.12 | 399.42 | 0.00 | 11.51 | 51.65 | 193.83 | 40.14 | 18.45 | 11.17 |
| 8. | VASWANI | 49.09 | 0.00 | 160.84 | 0.00 | 2.52 | — | 91.74 | — | 9.77 | 5.72 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 94 | 87 | 118 | 90 | 92 | 102 | 102 | 115 | 114 | 85 | 124 | 144 | 118 | |
| 87 | 83 | 112 | 84 | 86 | 96 | 97 | 106 | 105 | 79 | 121 | 123 | 114 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 1 |
| Interest | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 4 | 3 | 3 | 4 | 7 | 6 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 4 |
| 3 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 5 | 2 | -3 | 10 | 5 | |
| Tax % | 16.11% | 27.97% | 27.95% | 32.97% | 29.30% | 41.46% | 29.76% | 36.22% | -2.05% | 17.79% | -176.39% | 45.56% | 74.32% |
| Net Profit | 3 | 1 | 2 | 3 | 3 | 2 | 2 | 2 | 5 | 1 | -8 | 5 | 1 |
| 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 0 | -2 | 2 | 0 | |
| Equity Capital | 30 | 30 | 30 | 30 | 30 | 30 | 31 | 31 | 31 | 33 | 33 | 33 | 33 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 30 | 30 | 30 | 30 | 30 | 30 | 31 | 31 | 31 | 33 | 33 | 33 | 33 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 94
- 87
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 1
- 3
- Tax %
- 16.11%
- Net Profit
- 3
- 1
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 87
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 1
- 1
- Tax %
- 27.97%
- Net Profit
- 1
- 0
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 118
- 112
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 1
- 3
- Tax %
- 27.95%
- Net Profit
- 2
- 1
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 90
- 84
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 1
- 5
- Tax %
- 32.97%
- Net Profit
- 3
- 1
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 92
- 86
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 4
- Tax %
- 29.30%
- Net Profit
- 3
- 1
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 102
- 96
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 4
- Tax %
- 41.46%
- Net Profit
- 2
- 1
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 30
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 102
- 97
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 1
- 3
- Tax %
- 29.76%
- Net Profit
- 2
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 115
- 106
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 4
- Depreciation
- 1
- 3
- Tax %
- 36.22%
- Net Profit
- 2
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 114
- 105
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 1
- 5
- Tax %
- -2.05%
- Net Profit
- 5
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 85
- 79
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 1
- 2
- Tax %
- 17.79%
- Net Profit
- 1
- 0
- Equity Capital
- 33
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 33
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 124
- 121
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 2
- -3
- Tax %
- -176.39%
- Net Profit
- -8
- -2
- Equity Capital
- 33
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 33
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 144
- 123
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 7
- Depreciation
- 4
- 10
- Tax %
- 45.56%
- Net Profit
- 5
- 2
- Equity Capital
- 33
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 33
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 118
- 114
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 4
- 5
- Tax %
- 74.32%
- Net Profit
- 1
- 0
- Equity Capital
- 33
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 33
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 238 | 256 | 237 | 319 | 352 | 314 | 374 | 392 | 389 | 412 | 471 | |
| 222 | 239 | 221 | 302 | 339 | 296 | 355 | 371 | 367 | 385 | 437 | |
| Operating Profit | 17 | 17 | 17 | 18 | 16 | 19 | 20 | 23 | 24 | 29 | — |
| OPM % | 7 | 7 | 7 | 6 | 4 | 6 | 5 | 6 | 6 | 7 | — |
| Other Income | 1 | 0 | 1 | 1 | 2 | 0 | 1 | 2 | 2 | 2 | 1 |
| Interest | 9 | 9 | 9 | 10 | 10 | 9 | 9 | 9 | 8 | 8 | 21 |
| Depreciation | 6 | 6 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 12 |
| 1 | 2 | 3 | 3 | 0 | 5 | 7 | 11 | 12 | 13 | 13 | |
| Tax % | 15 | -7 | -78 | 65 | 1,639 | 21 | 39 | 44 | 27 | 35 | 100 |
| Net Profit | 1 | 2 | 5 | 1 | -3 | 4 | 4 | 6 | 9 | 9 | -0 |
| EPS | 0 | 1 | 2 | 0 | -1 | 1 | 1 | 2 | 3 | 3 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 1 | 2 | 0 | -1 | 1 | 1 | 2 | 3 | 3 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 1 | 2 | 0 | -1 | 1 | 1 | 2 | 3 | 3 | — |
Mar 2016
- 238
- 222
- Operating Profit
- 17
- OPM %
- 7
- Other Income
- 1
- Interest
- 9
- Depreciation
- 6
- 1
- Tax %
- 15
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2017
- 256
- 239
- Operating Profit
- 17
- OPM %
- 7
- Other Income
- 0
- Interest
- 9
- Depreciation
- 6
- 2
- Tax %
- -7
- Net Profit
- 2
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2018
- 237
- 221
- Operating Profit
- 17
- OPM %
- 7
- Other Income
- 1
- Interest
- 9
- Depreciation
- 5
- 3
- Tax %
- -78
- Net Profit
- 5
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2019
- 319
- 302
- Operating Profit
- 18
- OPM %
- 6
- Other Income
- 1
- Interest
- 10
- Depreciation
- 5
- 3
- Tax %
- 65
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 352
- 339
- Operating Profit
- 16
- OPM %
- 4
- Other Income
- 2
- Interest
- 10
- Depreciation
- 5
- 0
- Tax %
- 1,639
- Net Profit
- -3
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2021
- 314
- 296
- Operating Profit
- 19
- OPM %
- 6
- Other Income
- 0
- Interest
- 9
- Depreciation
- 4
- 5
- Tax %
- 21
- Net Profit
- 4
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 374
- 355
- Operating Profit
- 20
- OPM %
- 5
- Other Income
- 1
- Interest
- 9
- Depreciation
- 4
- 7
- Tax %
- 39
- Net Profit
- 4
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 392
- 371
- Operating Profit
- 23
- OPM %
- 6
- Other Income
- 2
- Interest
- 9
- Depreciation
- 4
- 11
- Tax %
- 44
- Net Profit
- 6
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2024
- 389
- 367
- Operating Profit
- 24
- OPM %
- 6
- Other Income
- 2
- Interest
- 8
- Depreciation
- 4
- 12
- Tax %
- 27
- Net Profit
- 9
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2025
- 412
- 385
- Operating Profit
- 29
- OPM %
- 7
- Other Income
- 2
- Interest
- 8
- Depreciation
- 4
- 13
- Tax %
- 35
- Net Profit
- 9
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
TTM
- 471
- 437
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 21
- Depreciation
- 12
- 13
- Tax %
- 100
- Net Profit
- -0
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 5%
- 5 Years:
- 3%
- 3 Years:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 22%
- 5 Years:
- —
- 3 Years:
- 25%
STOCK PRICE CAGR
- 10 Years:
- 20%
- 5 Years:
- 29%
- 3 Years:
- 28%
- 1 Year:
- -15%
RETURN ON EQUITY
- 10 Years:
- 4%
- 5 Years:
- 6%
- 3 Years:
- 7%
- Last Year:
- 7%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 29 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 31 |
| 55 | 56 | 57 | 63 | 68 | 72 | 77 | 83 | 92 | 106 | |
| 38 | 39 | 41 | 39 | 44 | 32 | 36 | 24 | 16 | 42 | |
| Trade Payables | 25 | 26 | 25 | 42 | 29 | 34 | 38 | 35 | 19 | 42 |
| 16 | 8 | 18 | 25 | 25 | 28 | 37 | 29 | 32 | 141 | |
| Total Liabilities | 163 | 160 | 171 | 198 | 196 | 197 | 217 | 201 | 189 | 362 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 67 | 62 | 57 | 54 | 59 | 56 | 54 | 51 | 52 | 112 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 67 |
| 7 | 7 | 2 | 7 | 7 | 7 | 7 | 7 | 7 | 2 | |
| 37 | 32 | 31 | 51 | 37 | 45 | 39 | 49 | 46 | 66 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 8 | |
| Cash & Bank | 5 | -0 | -0 | 0 | 1 | 8 | 8 | 12 | 23 | 45 |
| 46 | 59 | 80 | 85 | 91 | 80 | 108 | 82 | 39 | 61 | |
| Total Assets | 163 | 160 | 171 | 198 | 196 | 197 | 217 | 201 | 189 | 362 |
| Total Debt | 45 | 42 | 48 | 51 | 53 | 42 | 53 | 36 | 33 | 156 |
| Net Working Capital | 9 | 8 | 16 | 27 | 31 | 44 | 40 | 57 | 70 | 55 |
| Contingent Liabilities | 34 | 29 | 4 | 2 | 15 | 17 | 9 | 24 | 21 | 14 |
| Book Value per Share | 28.91 | 28.77 | 28.84 | 30.86 | 30.05 | 31.57 | 33.06 | 35.00 | 38.00 | 41.42 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 45 | 42 | 48 | 51 | 53 | 42 | 53 | 36 | 33 | 156 |
| Net Working Capital | 9 | 8 | 16 | 27 | 31 | 44 | 40 | 57 | 70 | 55 |
| Contingent Liabilities | 34 | 29 | 4 | 2 | 15 | 17 | 9 | 24 | 21 | 14 |
| Book Value per Share | 28.91 | 28.77 | 28.84 | 30.86 | 30.05 | 31.57 | 33.06 | 35.00 | 38.00 | 41.42 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 29
- 55
- 38
- Trade Payables
- 25
- 16
- Total Liabilities
- 163
- 67
- Capital Work in Progress
- 0
- 7
- 37
- 0
- Cash & Bank
- 5
- 46
- Total Assets
- 163
- Total Debt
- 45
- Net Working Capital
- 9
- Contingent Liabilities
- 34
- Book Value per Share
- 28.91
- Face Value
- 10.00
- Total Debt
- 45
- Net Working Capital
- 9
- Contingent Liabilities
- 34
- Book Value per Share
- 28.91
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 30
- 56
- 39
- Trade Payables
- 26
- 8
- Total Liabilities
- 160
- 62
- Capital Work in Progress
- 0
- 7
- 32
- 0
- Cash & Bank
- -0
- 59
- Total Assets
- 160
- Total Debt
- 42
- Net Working Capital
- 8
- Contingent Liabilities
- 29
- Book Value per Share
- 28.77
- Face Value
- 10.00
- Total Debt
- 42
- Net Working Capital
- 8
- Contingent Liabilities
- 29
- Book Value per Share
- 28.77
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 30
- 57
- 41
- Trade Payables
- 25
- 18
- Total Liabilities
- 171
- 57
- Capital Work in Progress
- 0
- 2
- 31
- 0
- Cash & Bank
- -0
- 80
- Total Assets
- 171
- Total Debt
- 48
- Net Working Capital
- 16
- Contingent Liabilities
- 4
- Book Value per Share
- 28.84
- Face Value
- 10.00
- Total Debt
- 48
- Net Working Capital
- 16
- Contingent Liabilities
- 4
- Book Value per Share
- 28.84
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 30
- 63
- 39
- Trade Payables
- 42
- 25
- Total Liabilities
- 198
- 54
- Capital Work in Progress
- 0
- 7
- 51
- 0
- Cash & Bank
- 0
- 85
- Total Assets
- 198
- Total Debt
- 51
- Net Working Capital
- 27
- Contingent Liabilities
- 2
- Book Value per Share
- 30.86
- Face Value
- 10.00
- Total Debt
- 51
- Net Working Capital
- 27
- Contingent Liabilities
- 2
- Book Value per Share
- 30.86
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 30
- 68
- 44
- Trade Payables
- 29
- 25
- Total Liabilities
- 196
- 59
- Capital Work in Progress
- 0
- 7
- 37
- 0
- Cash & Bank
- 1
- 91
- Total Assets
- 196
- Total Debt
- 53
- Net Working Capital
- 31
- Contingent Liabilities
- 15
- Book Value per Share
- 30.05
- Face Value
- 10.00
- Total Debt
- 53
- Net Working Capital
- 31
- Contingent Liabilities
- 15
- Book Value per Share
- 30.05
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 30
- 72
- 32
- Trade Payables
- 34
- 28
- Total Liabilities
- 197
- 56
- Capital Work in Progress
- 0
- 7
- 45
- 0
- Cash & Bank
- 8
- 80
- Total Assets
- 197
- Total Debt
- 42
- Net Working Capital
- 44
- Contingent Liabilities
- 17
- Book Value per Share
- 31.57
- Face Value
- 10.00
- Total Debt
- 42
- Net Working Capital
- 44
- Contingent Liabilities
- 17
- Book Value per Share
- 31.57
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 30
- 77
- 36
- Trade Payables
- 38
- 37
- Total Liabilities
- 217
- 54
- Capital Work in Progress
- 0
- 7
- 39
- 0
- Cash & Bank
- 8
- 108
- Total Assets
- 217
- Total Debt
- 53
- Net Working Capital
- 40
- Contingent Liabilities
- 9
- Book Value per Share
- 33.06
- Face Value
- 10.00
- Total Debt
- 53
- Net Working Capital
- 40
- Contingent Liabilities
- 9
- Book Value per Share
- 33.06
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 30
- 83
- 24
- Trade Payables
- 35
- 29
- Total Liabilities
- 201
- 51
- Capital Work in Progress
- 0
- 7
- 49
- 0
- Cash & Bank
- 12
- 82
- Total Assets
- 201
- Total Debt
- 36
- Net Working Capital
- 57
- Contingent Liabilities
- 24
- Book Value per Share
- 35.00
- Face Value
- 10.00
- Total Debt
- 36
- Net Working Capital
- 57
- Contingent Liabilities
- 24
- Book Value per Share
- 35.00
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 30
- 92
- 16
- Trade Payables
- 19
- 32
- Total Liabilities
- 189
- 52
- Capital Work in Progress
- 4
- 7
- 46
- 18
- Cash & Bank
- 23
- 39
- Total Assets
- 189
- Total Debt
- 33
- Net Working Capital
- 70
- Contingent Liabilities
- 21
- Book Value per Share
- 38.00
- Face Value
- 10.00
- Total Debt
- 33
- Net Working Capital
- 70
- Contingent Liabilities
- 21
- Book Value per Share
- 38.00
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 31
- 106
- 42
- Trade Payables
- 42
- 141
- Total Liabilities
- 362
- 112
- Capital Work in Progress
- 67
- 2
- 66
- 8
- Cash & Bank
- 45
- 61
- Total Assets
- 362
- Total Debt
- 156
- Net Working Capital
- 55
- Contingent Liabilities
- 14
- Book Value per Share
- 41.42
- Face Value
- 10.00
- Total Debt
- 156
- Net Working Capital
- 55
- Contingent Liabilities
- 14
- Book Value per Share
- 41.42
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 18 | 4 | 4 | 9 | 10 | 29 | -0 | 30 | 31 | 34 | |
| Cash from Investing | -8 | -0 | -1 | -2 | -1 | -1 | -2 | -1 | -9 | -134 |
| Cash from Financing | -10 | -9 | -3 | -7 | -8 | -21 | 2 | -26 | -11 | 122 |
| 1 | -5 | -0 | 1 | 1 | 7 | 1 | 4 | 11 | 22 | |
| Free Cash Flow | 11 | 4 | -28 | 7 | -1 | 28 | -1 | 29 | 22 | -93 |
| OCF / Net Profit | 16.01 | 2.23 | 0.82 | 8.13 | -3.86 | 7.06 | -0.02 | 4.98 | 3.40 | 3.99 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -7 | 10 | 5 | 62 | 77 | -15 |
| OCF / Net Profit | 16.01 | 2.23 | 0.82 | 8.13 | -3.86 | 7.06 | -0.02 | 4.98 | 3.40 | 3.99 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -7 | 10 | 5 | 62 | 77 | -15 |
Mar 2016
- 18
- Cash from Investing
- -8
- Cash from Financing
- -10
- 1
- Free Cash Flow
- 11
- OCF / Net Profit
- 16.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 16.01
- Cumulative 5-Year FCF
- 0
Mar 2017
- 4
- Cash from Investing
- -0
- Cash from Financing
- -9
- -5
- Free Cash Flow
- 4
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.23
- Cumulative 5-Year FCF
- 0
Mar 2018
- 4
- Cash from Investing
- -1
- Cash from Financing
- -3
- -0
- Free Cash Flow
- -28
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 0
Mar 2019
- 9
- Cash from Investing
- -2
- Cash from Financing
- -7
- 1
- Free Cash Flow
- 7
- OCF / Net Profit
- 8.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 8.13
- Cumulative 5-Year FCF
- 0
Mar 2020
- 10
- Cash from Investing
- -1
- Cash from Financing
- -8
- 1
- Free Cash Flow
- -1
- OCF / Net Profit
- -3.86
- Cumulative 5-Year FCF
- -7
- OCF / Net Profit
- -3.86
- Cumulative 5-Year FCF
- -7
Mar 2021
- 29
- Cash from Investing
- -1
- Cash from Financing
- -21
- 7
- Free Cash Flow
- 28
- OCF / Net Profit
- 7.06
- Cumulative 5-Year FCF
- 10
- OCF / Net Profit
- 7.06
- Cumulative 5-Year FCF
- 10
Mar 2022
- -0
- Cash from Investing
- -2
- Cash from Financing
- 2
- 1
- Free Cash Flow
- -1
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 5
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 5
Mar 2023
- 30
- Cash from Investing
- -1
- Cash from Financing
- -26
- 4
- Free Cash Flow
- 29
- OCF / Net Profit
- 4.98
- Cumulative 5-Year FCF
- 62
- OCF / Net Profit
- 4.98
- Cumulative 5-Year FCF
- 62
Mar 2024
- 31
- Cash from Investing
- -9
- Cash from Financing
- -11
- 11
- Free Cash Flow
- 22
- OCF / Net Profit
- 3.40
- Cumulative 5-Year FCF
- 77
- OCF / Net Profit
- 3.40
- Cumulative 5-Year FCF
- 77
Mar 2025
- 34
- Cash from Investing
- -134
- Cash from Financing
- 122
- 22
- Free Cash Flow
- -93
- OCF / Net Profit
- 3.99
- Cumulative 5-Year FCF
- -15
- OCF / Net Profit
- 3.99
- Cumulative 5-Year FCF
- -15
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.40 | 0.59 | 1.50 | 0.39 | -0.84 | 1.35 | 1.47 | 2.00 | 3.01 | 2.74 |
| Book Value (₹) | 28.91 | 28.77 | 28.84 | 30.86 | 30.05 | 31.57 | 33.06 | 35.00 | 38.00 | 41.42 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 2.63 | 2.50 | 3.30 | 2.12 | 0.95 | 2.80 | 2.69 | 3.22 | 4.26 | 4.15 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 6.38% | 5.94% | 6.85% | 5.65% | 4.48% | 6.01% | 5.27% | 5.86% | 5.68% | 6.49% |
| Net Margin % | 0.44% | 0.63% | 1.85% | 0.36% | -0.72% | 1.29% | 1.18% | 1.53% | 2.32% | 2.09% |
| ROE % | 1.41% | 2.09% | 5.22% | 1.30% | -2.76% | 4.39% | 4.56% | 5.89% | 8.25% | 7.06% |
| ROCE % | 7.97% | 8.45% | 8.56% | 9.23% | 7.28% | 10.41% | 11.16% | 13.18% | 13.93% | 9.77% |
| 0.71% | 1.10% | 2.73% | 0.63% | -1.28% | 2.07% | 2.14% | 2.88% | 4.63% | 3.12% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 35 | 31 | 50 | 48 | 50 | 63 | 51 | 46 | 32 | 12 |
| Inventory Days | 45 | 45 | 47 | 47 | 46 | 48 | 41 | 41 | 45 | 50 |
| Payable Days | 54 | 48 | 56 | 51 | 44 | 48 | 45 | 44 | 33 | 34 |
| 27 | 28 | 42 | 44 | 52 | 63 | 47 | 43 | 43 | 27 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.55x | 0.49x | 0.55x | 0.55x | 0.59x | 0.44x | 0.53x | 0.34x | 0.29x | 1.20x |
| Interest Coverage (x) | 1.15x | 1.18x | 1.29x | 1.35x | 1.02x | 1.55x | 1.81x | 2.26x | 2.60x | 2.65x |
| 1.12x | 1.12x | 1.21x | 1.30x | 1.37x | 1.56x | 1.46x | 1.82x | 2.63x | 1.53x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -6.79% | 7.58% | -7.12% | 34.47% | 10.44% | -10.81% | 19.06% | 4.70% | -0.64% | 5.73% |
| Operating Profit Growth % | -8.03% | -0.12% | 0.05% | 8.28% | -12.36% | 19.50% | 4.62% | 16.25% | 3.64% | 22.24% |
| Net Profit Growth % | 0.34% | 53.30% | 154.70% | -74.25% | -317.27% | 261.09% | 8.89% | 35.92% | 50.27% | -4.74% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 50.26% | -8.84% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.38x | 12.74x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.82x | 0.84x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.37x | 7.59x |
Mar 2016
- EPS (₹)
- 0.40
- Book Value (₹)
- 28.91
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.63
- Operating Margin %
- 6.38%
- Net Margin %
- 0.44%
- ROE %
- 1.41%
- ROCE %
- 7.97%
- 0.71%
- Debtor Days
- 35
- Inventory Days
- 45
- Payable Days
- 54
- 27
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 1.15x
- 1.12x
- Revenue Growth %
- -6.79%
- Operating Profit Growth %
- -8.03%
- Net Profit Growth %
- 0.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 0.59
- Book Value (₹)
- 28.77
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.50
- Operating Margin %
- 5.94%
- Net Margin %
- 0.63%
- ROE %
- 2.09%
- ROCE %
- 8.45%
- 1.10%
- Debtor Days
- 31
- Inventory Days
- 45
- Payable Days
- 48
- 28
- Debt to Equity (x)
- 0.49x
- Interest Coverage (x)
- 1.18x
- 1.12x
- Revenue Growth %
- 7.58%
- Operating Profit Growth %
- -0.12%
- Net Profit Growth %
- 53.30%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 1.50
- Book Value (₹)
- 28.84
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.30
- Operating Margin %
- 6.85%
- Net Margin %
- 1.85%
- ROE %
- 5.22%
- ROCE %
- 8.56%
- 2.73%
- Debtor Days
- 50
- Inventory Days
- 47
- Payable Days
- 56
- 42
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 1.29x
- 1.21x
- Revenue Growth %
- -7.12%
- Operating Profit Growth %
- 0.05%
- Net Profit Growth %
- 154.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.39
- Book Value (₹)
- 30.86
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.12
- Operating Margin %
- 5.65%
- Net Margin %
- 0.36%
- ROE %
- 1.30%
- ROCE %
- 9.23%
- 0.63%
- Debtor Days
- 48
- Inventory Days
- 47
- Payable Days
- 51
- 44
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 1.35x
- 1.30x
- Revenue Growth %
- 34.47%
- Operating Profit Growth %
- 8.28%
- Net Profit Growth %
- -74.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -0.84
- Book Value (₹)
- 30.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.95
- Operating Margin %
- 4.48%
- Net Margin %
- -0.72%
- ROE %
- -2.76%
- ROCE %
- 7.28%
- -1.28%
- Debtor Days
- 50
- Inventory Days
- 46
- Payable Days
- 44
- 52
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 1.02x
- 1.37x
- Revenue Growth %
- 10.44%
- Operating Profit Growth %
- -12.36%
- Net Profit Growth %
- -317.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 1.35
- Book Value (₹)
- 31.57
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.80
- Operating Margin %
- 6.01%
- Net Margin %
- 1.29%
- ROE %
- 4.39%
- ROCE %
- 10.41%
- 2.07%
- Debtor Days
- 63
- Inventory Days
- 48
- Payable Days
- 48
- 63
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 1.55x
- 1.56x
- Revenue Growth %
- -10.81%
- Operating Profit Growth %
- 19.50%
- Net Profit Growth %
- 261.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1.47
- Book Value (₹)
- 33.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.69
- Operating Margin %
- 5.27%
- Net Margin %
- 1.18%
- ROE %
- 4.56%
- ROCE %
- 11.16%
- 2.14%
- Debtor Days
- 51
- Inventory Days
- 41
- Payable Days
- 45
- 47
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- 1.81x
- 1.46x
- Revenue Growth %
- 19.06%
- Operating Profit Growth %
- 4.62%
- Net Profit Growth %
- 8.89%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 2.00
- Book Value (₹)
- 35.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.22
- Operating Margin %
- 5.86%
- Net Margin %
- 1.53%
- ROE %
- 5.89%
- ROCE %
- 13.18%
- 2.88%
- Debtor Days
- 46
- Inventory Days
- 41
- Payable Days
- 44
- 43
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 2.26x
- 1.82x
- Revenue Growth %
- 4.70%
- Operating Profit Growth %
- 16.25%
- Net Profit Growth %
- 35.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 3.01
- Book Value (₹)
- 38.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.26
- Operating Margin %
- 5.68%
- Net Margin %
- 2.32%
- ROE %
- 8.25%
- ROCE %
- 13.93%
- 4.63%
- Debtor Days
- 32
- Inventory Days
- 45
- Payable Days
- 33
- 43
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 2.60x
- 2.63x
- Revenue Growth %
- -0.64%
- Operating Profit Growth %
- 3.64%
- Net Profit Growth %
- 50.27%
- 50.26%
- P/E (x)
- 10.38x
- P/B (x)
- 0.82x
- Dividend Yield %
- 0.00%
- 4.37x
Mar 2025
- EPS (₹)
- 2.74
- Book Value (₹)
- 41.42
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.15
- Operating Margin %
- 6.49%
- Net Margin %
- 2.09%
- ROE %
- 7.06%
- ROCE %
- 9.77%
- 3.12%
- Debtor Days
- 12
- Inventory Days
- 50
- Payable Days
- 34
- 27
- Debt to Equity (x)
- 1.20x
- Interest Coverage (x)
- 2.65x
- 1.53x
- Revenue Growth %
- 5.73%
- Operating Profit Growth %
- 22.24%
- Net Profit Growth %
- -4.74%
- -8.84%
- P/E (x)
- 12.74x
- P/B (x)
- 0.84x
- Dividend Yield %
- 0.00%
- 7.59x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-18 - Vaswani Industries Limited has informed the Exchange about Copy of Newspaper Publication
- Outcome of Board Meeting
2026-08-14 - Vaswani Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.