VASWANICommodities

Vaswani Industries Limited

Sponge Iron · ISIN INE590L01019 · BSE 533576 · NSE EQ · FV ₹10
Last price
₹45
-0.82%today
What this company does

Vaswani Industries Limited operates in Sponge Iron, part of the Commodities sector. It booked ₹92 cr of revenue in its latest quarter (Q1 FY25) and kept 2.7% of sales as profit. It is the 4th largest of 4 Sponge Iron companies we track, by market value.

In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Commodities, on the 4 of 6 measures we could read for it. Each measure is ranked against the 141–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
34

At close. Not part of the score.

Profitability & returns29

How much profit it earns on the money it employs

Balance sheet38

How much it owes, and whether earnings cover the interest

Valuation49

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 62%
No promoter shares pledged
Watch-outs
! Thin 2.7% net margin

What if I invest in VASWANI?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹45 -0.82%
latest close · 2026-09-17
1-year return
+262.7%
52-wk low ₹1152-wk high ₹54
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio13.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Net margin2.7%Thin
ThinDecentStrong
EBITDA margin6.1%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover4.3×Okay
RiskyOkayStrong ▸5×
More figures
Market cap
₹134 cr
Book value
EPS
₹0.84
latest quarter
Net debt
Enterprise value
EBITDA
₹22 cr
annualised
EBIT
₹19 cr
annualised
Operating margin
5.1%
Return on assets
Earnings yield
7.53%
P/S
0.36
Sales / share
₹122.3
Tax rate
29.2%
Face value
₹10
Shares
3.0 cr
Working capital
Current assets
Current liabilities
Delivery %
73.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹10₹10, midpoint ₹10

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY25 (consolidated)
Revenue from Operations₹92 cr
Other Income₹31.9 L
Total Income₹92 cr
Cost of Materials₹64 cr
Purchases of Stock-in-Trade₹7 cr
Inventory Change (±)₹4 cr
Employee Benefit Expense₹3 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹93.3 L
Other Expenses₹8 cr
Total Expenses₹89 cr
Profit before Tax₹4 cr
Tax Expense₹1 cr
Share of JV / Associates₹0.15 L
Net Profit₹3 cr
Net margin on total income2.7%
Where the money goes · Q1 FY25
% of total income
Materials + stock-in-trade₹76 cr82.1%
Employee benefit expense₹3 cr3.2%
Finance costs₹1 cr1.2%
Depreciation & amortisation₹93.3 L1.0%
Other expenses₹8 cr8.7%
Tax expense₹1 cr1.1%
Profit for the period₹3 cr2.7%
Total income ₹92 cradds up to ₹100 ✓
Peer comparison
Sponge Iron · by market value
CompanyPriceMarket capP/E
KIOCL Limited₹338₹20,524 cr
S.A.L. Steel Limited₹78₹1,153 cr93.3
Vraj Iron and Steel Limited₹124₹409 cr8.9
Vaswani Industries Limitedthis company₹45₹134 cr13.3
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
62.1%
FII / Foreign
0.1%
DII / Domestic
Retail / others
37.8%
Promoter stake up 3.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSUDHA VASWANI · Promoter Group5.46 L18 Oct 16
SoldJuhi VASWANI · Promoters5.46 L18 Oct 16
BoughtSUDHA VASWANI · Promoters16.68 L · ₹1.7 cr24 Aug 16
Bulk / block deals
BoughtVIJAY KUMAR PAHWA · NSE1.59 L @ ₹58.3320 Nov 25
BoughtINDRA KIRAN VENTURES · NSE1.70 L @ ₹534 Jul 25
SoldINDRA KIRAN VENTURES · NSE1.70 L @ ₹53.224 Jul 25
Stake changes
SoldRavi Kumar Vaswani · promoter→ 28.26% · 15,00028 Aug 24
BoughtKushal Vaswani · promoter→ 0.05% · 15,00028 Aug 24
BothKushal Vaswani · promoter→ 0.05% · 15,00028 Aug 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 8 Feb 2026
See the official result
1
Re-appointment of Mr. Yashwant Vaswani (DIN: 01627408) as a Whole-time Director of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
14.59 L votes for, 141 against
2
Revision of remuneration payable to Mr. Yashwant Vaswani (DIN: 01627408), Whole-time Director of the Company
Promoters had a personal stake in this
Backed by 78% of shareholders other than promotersneeded 75%
11.39 L votes for, 3.20 L against
3
Approval of Related Party Transaction for payment of remuneration to Mr. Ravi Vaswani, President – Marketing, Finance and Project Controller, for holding an office or place of profit in the Company.
Promoters had a personal stake in this
Backed by 78% of shareholders other than promotersneeded 50%
11.39 L votes for, 3.20 L against
4
Approval of Related Party Transaction for payment of remuneration to Mr. Kushal Vaswani, Chief Financial Officer, for holding an office or place of profit in the Company.
Promoters had a personal stake in this
Backed by 78% of shareholders other than promotersneeded 50%
11.39 L votes for, 3.20 L against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 62.1% between them · as of 2026-06-30
Ravi Vaswani26.94%
Sudha Vaswani12.49%
Yashwant Ravi Vaswani10.05%
Manisha Vaswani7.05%
Kushal Vaswani5.35%
Ravi Kumar Vaswani0.18%
Satish Kumar Vaswanino shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹8 cr raised in Aug 2025 by selling shares to selected investors

As of Sep 2025, the company says it has spent 100% of what it set aside.

solar power plant, with a capacity of 36.25 MWp
now filed as: No modification
100%
₹8 cr of ₹8 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.