Vaswani Industries share price & results
- Jun 2026
- Jun 2026
Chhattisgarh-based integrated steel producer making sponge iron and steel billets, with captive waste-heat power generation and expanding solar capacity.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 118 | +3.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 11.9 | +3.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.2 | −78.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | -0.05 | −5.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -45.82 | −38.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 8.45 | +7.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −34.5% 1Y
1Y: ₹63.12 on 24 Oct 2025 → ₹41.35. High ₹67.87 (13 Nov 2025), low ₹39.94 (21 Oct 2026).
- Previous close
- ₹41.65
- Market cap
- ₹146 Cr
- 52-week range
- ₹39.94 – ₹67.87
- One year
- −33.44%
- Price to earnings (FY ending Mar 2026)
- 36.50×
- Return on equity (TTM to Jun 2026)
- -0.05%
Overview
- Symbol
- NSE:VASWANI
- Sector
- Metals & Mining
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Vaswani Industries Limited does
Based on the company's own presentations, annual report and earnings calls.
Vaswani Industries manufactures sponge iron and steel billets at its integrated plant in the Siltara Industrial Area near Raipur, Chhattisgarh, through its Sponge Iron Division and Steel Division. It also runs a Power Plant Division that generates electricity via a Waste Heat Recovery Boiler (WHRB) using heat from the sponge iron process, and is diversifying into solar power generation through new solar projects in Chhattisgarh.
Segments
- Sponge Iron Division
- Steel Division
- Power Plant Division
- Billet manufacturing capacity
- 1,50,000 MT/yr (expanded from 66,000 MT/yr in June 2025)
- Sponge iron installed capacity
- 90,000 MT/yr (FY25)
- Sponge iron production
- 81,913 MT (FY25)
- Billet production
- 53,769 MT (FY25, against then-capacity of 60,000 MT)
- Solar power capacity (planned)
- 66.50 MWp across Gandai and Mohbhatta, Chhattisgarh
- Solar power operational
- 16.25 MWp at Gandai, Chhattisgarh
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −79% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 102 | 102 | 115 | 114 | 85 | 124 | 144 | 118 |
| Expenses | 96 | 97 | 106 | 105 | 79 | 121 | 123 | 104 |
| Operating profit | 6 | 6 | 10 | 10 | 6 | 3 | 21 | 14 |
| Operating margin | 5.8% | 5.5% | 8.6% | 8.5% | 7.3% | 2.8% | 14.4% | 11.9% |
| Other income | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 1 |
| Interest | 1 | 2 | 4 | 3 | 3 | 4 | 7 | 6 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 4 |
| Profit before tax | 4 | 3 | 3 | 5 | 2 | -3 | 10 | 5 |
| Tax rate | 41.4% | 29.8% | 36.2% | −2.0% | 17.7% | 176.7% | 45.6% | 74.5% |
| Net profit | 2 | 2 | 2 | 5 | 1 | -8 | 5 | 1 |
| EPS (₹ per share) | 0.78 | 0.56 | 0.63 | 1.75 | 0.41 | -2.42 | 1.64 | 0.35 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 389 | 412 | 467 |
| Expenses | 367 | 385 | 427 |
| Operating profit | 22 | 27 | 40 |
| Other income | 2 | -1 | 1 |
| Interest | 8 | 8 | 18 |
| Depreciation | 4 | 4 | 9 |
| Profit before tax | 12 | 13 | 14 |
| Net profit | 9 | 9 | 4 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 30 | 30 | 30 | 30 | 31 | 33 |
| Reserves | 72 | 77 | 83 | 92 | 106 | 117 |
| Borrowings | 42 | 53 | 36 | 33 | 156 | 277 |
| Other liabilities | 53 | 57 | 53 | 34 | 68 | 81 |
| Total liabilities | 197 | 217 | 201 | 189 | 362 | 508 |
| Fixed assets | 56 | 54 | 51 | 52 | 112 | 335 |
| Capital work in progress | 0 | 0 | 0 | 4 | 67 | 9 |
| Investments | 7 | 7 | 7 | 7 | 2 | 3 |
| Other assets | 133 | 156 | 143 | 126 | 180 | 162 |
| Total assets | 197 | 217 | 201 | 189 | 362 | 508 |
| Line item | Mar 2024 |
|---|---|
| Cash from operations | 31 |
| Cash from investing | -9 |
| Cash from financing | -11 |
| Net cash flow | 11 |
| Free cash flow | 22 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 62 | 49 | 46 | 17 | 7 | 12 |
| Inventory days | 69 | 48 | 59 | 54 | 73 | 88 |
| Days payable | 52 | 47 | 42 | 23 | 47 | 51 |
| Cash conversion cycle | 79 | 50 | 62 | 49 | 34 | 48 |
| Working capital days | 42 | 31 | 42 | 44 | 9 | 20 |
| Return on capital employed | 10.0% | 11.0% | 13.0% | 13.0% | 11.0% | 9.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Iron & Steel (including Other Income) contributes 92.9% of reported segment revenue.
Quarter ended 30 Jun 2026 · Standalone
- Iron & Steel (including Other Income) 92.9%
₹109.97 crore
- Power (Including Other Income) 7.1%
₹8.43 crore
- Agr!Products 0.0%
₹0.00 crore
- Real Estate 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Iron & Steel (including Other Income) | 109.97 | 92.9% |
| Power (Including Other Income) | 8.43 | 7.1% |
| Agr!Products | 0.00 | 0.0% |
| Real Estate | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹118.40 crore
- Intersegment adjustment
- ₹8.42 crore
- Net segment revenue
- ₹109.99 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Promoters hold 62.06% as of Jun 2026; institutions added 0.13 pts since Mar 2026.
- Promoters 62.06%
- Foreign institutions 0.13%
- Government 0.00%
- Public 37.81%
Who is on the register
Named in the Jun 2026 filing
Every holder of Vaswani Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 26.94% | unchanged | |
| 12.49% | unchanged | |
| 10.05% | unchanged | |
| 7.05% | unchanged | |
| 5.35% | unchanged | |
| 3.37% | unchanged | |
| 1.31% | unchanged | |
| 1.10% | unchanged | |
| 0.18% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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