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Vaswani Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹16.47Overvalued by 64.12%vs CMP ₹45.90

P/E (15.0) × ROE (3.0%) × BV (₹45.60) × DY (2.00%)

Defaults: P/E=15

₹51.86Undervalued by 12.98%vs CMP ₹45.90
MoS: +11.5% (Thin)Confidence: 38/100 (Low)Models: 3 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹19.4129%Over (-57.7%)
Graham NumberEarnings₹58.6326%Under (+27.7%)
Net Asset ValueAssets₹45.6012%Fair (-0.7%)
Earnings YieldEarnings₹33.5012%Over (-27%)
ROCE CapitalReturns₹134.3412%Under (+192.7%)
Revenue MultipleRevenue₹62.629%Under (+36.4%)
Consensus (6 models)₹51.86100%Undervalued
Key Drivers: ROE 3.0% is below cost of equity. | Wide model spread (₹19–₹134) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.9% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Vaswani Industries Ltd operates in the Steel - Sponge Iron segment, NSE: VASWANI | BSE: 533576, current market price is ₹45.90, market cap is 151 Cr.. At a glance, ROE is 2.95 %, ROCE is 8.76 %, book value is 45.6, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹51.86, which is about 13.0% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹412 Cr versus the prior period change of 5.9%, while latest net profit is about ₹9 Cr with a prior-period change of 0.0%. The 52-week range shown on this page is 70.1/42.8, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisVaswani Industries Ltd. is a Public Limited Listed company incorporated on 22/07/2003 and has its registered office in the State of Chattisgarh, India. Company's Corporate Identification Number(CIN) i…

This summary is generated from the stock page data available for Vaswani Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

50
Vaswani Industries Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 8.8% AverageROE 3.0% WeakD/E 0.43 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.11% (6mo) Slight increasePromoter holding at 62.1% Stable
Earnings Quality60/100 · Moderate
OPM stable around 7% SteadyWorking capital: 9 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +14% YoY GrowingProfit (4Q): -91% YoY Declining
Industry Rank25/100 · Weak
ROCE 8.8% vs industry 18.2% Below peersROE 3.0% vs industry 34.5% Below peers3Y sales CAGR: 3% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 8:37 am

Market Cap 151 Cr.
Current Price 45.9
Intrinsic Value₹51.86
High / Low 70.1/42.8
Stock P/E
Book Value 45.6
Dividend Yield0.00 %
ROCE8.76 %
ROE2.95 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Vaswani Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Vaswani Industries Ltd 151 Cr. 45.9 70.1/42.8 45.60.00 %8.76 %2.95 % 10.0
Bihar Sponge Iron Ltd 115 Cr. 12.8 16.8/9.159.84 3.770.00 %39.0 %% 10.0
MSP Steel & Power Ltd 1,915 Cr. 33.8 46.4/26.213.7 18.20.00 %9.69 %13.7 % 10.0
Tata Steel Long Products Ltd 3,743 Cr. 830 / 61.10.00 %%234 % 10.0
Jai Balaji Industries Ltd 5,977 Cr. 65.5 108/53.020.4 24.40.00 %36.1 %30.7 % 2.00
Industry Average19,720.44 Cr297.5723.58114.990.10%18.22%34.53%7.08

All Competitor Stocks of Vaswani Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 89.84111.4493.5587.11118.3290.3691.74102.16102.34115.40114.2885.01124.19
Expenses 83.54106.4387.4983.49112.4883.7686.4896.1996.72105.52104.5978.76120.70
Operating Profit 6.305.016.063.625.846.605.265.975.629.889.696.253.49
OPM % 7.01%4.50%6.48%4.16%4.94%7.30%5.73%5.84%5.49%8.56%8.48%7.35%2.81%
Other Income 0.040.490.200.400.460.600.320.210.32-2.010.310.240.09
Interest 2.332.032.051.902.141.621.091.252.013.643.173.414.20
Depreciation 0.930.900.930.940.950.950.930.941.411.111.471.442.26
Profit before tax 3.082.573.281.183.214.633.563.992.523.125.361.64-2.88
Tax % 64.61%55.25%16.16%28.81%28.04%33.05%29.21%41.35%29.76%36.22%-2.05%17.68%176.74%
Net Profit 1.091.152.760.852.323.102.522.331.771.995.471.34-7.96
EPS in Rs 0.360.380.920.280.771.030.840.780.560.631.750.41-2.42

Last Updated: March 3, 2026, 1:54 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 9:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 226255238255237319352314374390389412417
Expenses 206237221239221301339296355369366385386
Operating Profit 21181616161814181921222731
OPM % 9%7%7%6%7%5%4%6%5%5%6%7%8%
Other Income -31100120122-1-1
Interest 111199910109998812
Depreciation 5666555444445
Profit before tax 11123305711121313
Tax % 97%-5%15%-7%-78%65%1,681%21%39%44%27%35%
Net Profit 011251-34469911
EPS in Rs 0.010.400.400.591.500.39-0.841.351.472.003.012.743.35
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%100.00%150.00%-80.00%-400.00%233.33%0.00%50.00%50.00%0.00%
Change in YoY Net Profit Growth (%)0.00%100.00%50.00%-230.00%-320.00%633.33%-233.33%50.00%0.00%-50.00%

Vaswani Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:3%
3 Years:3%
TTM:12%
Compounded Profit Growth
10 Years:25%
5 Years:44%
3 Years:35%
TTM:59%
Stock Price CAGR
10 Years:37%
5 Years:60%
3 Years:39%
1 Year:21%
Return on Equity
10 Years:4%
5 Years:6%
3 Years:7%
Last Year:8%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: July 28, 2026, 1:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 292930303030303030303133
Reserves 54575657636872778392106117
Borrowings 47454248515342533633156277
Other Liabilities 313231365545535753346881
Total Liabilities 161163160171198196197217201189362508
Fixed Assets 66676257545956545152112335
CWIP 0000000004679
Investments 777277777723
Other Assets 888891111137129133156143126180162
Total Assets 161163160171198196197217201189362508

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 24184491029-030313418
Cash from Investing Activity + -2-8-0-1-2-1-1-2-1-9-134-158
Cash from Financing Activity + -22-10-9-3-7-8-212-26-11122111
Net Cash Flow 11-5-0117141122-29
Free Cash Flow 2211337928-22922-93-156
CFO/OP 139%115%24%23%54%71%156%-0%140%147%132%50%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow21.00-29.00-29.00-26.00-32.00-33.00-39.00-24.00-34.00-15.00-11.00-129.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 48413438634956624946177
Inventory Days 655075596794896948595773
Days Payable 564750495576685247422447
Cash Conversion Cycle 574559487667767950625134
Working Capital Days 410511253031423142449
ROCE %12%9%8%8%9%9%7%10%11%13%13%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 58.33%58.33%58.33%58.33%58.33%60.12%60.12%60.12%62.06%62.06%62.06%62.06%
FIIs 0.00%0.00%0.01%0.00%0.16%0.00%0.12%0.01%0.02%0.11%0.00%0.13%
Public 41.67%41.68%41.65%41.67%41.50%39.87%39.76%39.87%37.92%37.83%37.95%37.81%
No. of Shareholders 12,32312,14014,76213,96015,32416,33517,31216,79015,68915,16114,56714,030

Shareholding Pattern Chart

No. of Shareholders

Vaswani Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.813.012.001.471.35
Diluted EPS (Rs.) 2.813.012.001.471.35
Cash EPS (Rs.) 4.154.263.222.692.80
Book Value[Excl.RevalReserv]/Share (Rs.) 41.4238.0035.0033.0631.57
Book Value[Incl.RevalReserv]/Share (Rs.) 43.8640.5537.5535.6134.12
Revenue From Operations / Share (Rs.) 131.32129.78130.62124.81104.78
PBDIT / Share (Rs.) 9.287.937.656.586.29
PBIT / Share (Rs.) 7.886.686.435.374.85
PBT / Share (Rs.) 4.204.113.582.411.71
Net Profit / Share (Rs.) 2.743.012.001.471.35
PBDIT Margin (%) 7.066.115.855.276.00
PBIT Margin (%) 5.995.144.924.294.62
PBT Margin (%) 3.193.162.741.921.63
Net Profit Margin (%) 2.092.321.531.181.29
Return on Networth / Equity (%) 6.627.925.724.454.28
Return on Capital Employeed (%) 9.5213.7214.6412.3812.42
Return On Assets (%) 2.374.782.982.032.06
Long Term Debt / Equity (X) 0.840.120.090.150.07
Total Debt / Equity (X) 1.200.280.340.530.43
Asset Turnover Ratio (%) 1.492.001.871.811.60
Current Ratio (X) 1.532.631.821.461.46
Quick Ratio (X) 0.891.551.121.020.89
Inventory Turnover Ratio (X) 7.356.096.326.435.12
Interest Coverage Ratio (X) 3.643.092.682.232.01
Interest Coverage Ratio (Post Tax) (X) 2.522.171.701.501.43
Enterprise Value (Cr.) 220.84103.9883.78103.8670.18
EV / Net Operating Revenue (X) 0.530.260.210.270.22
EV / EBITDA (X) 7.594.373.655.263.72
MarketCap / Net Operating Revenue (X) 0.260.240.150.150.09
Price / BV (X) 0.840.820.570.590.30
Price / Net Operating Revenue (X) 0.260.240.150.150.09
EarningsYield 0.070.090.100.070.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Vaswani Industries Ltd and is it undervalued?

As of 05 September 2026, Vaswani Industries Ltd's intrinsic value is ₹51.86, which is 12.98% higher than the current market price of ₹45.90, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.95 %), book value (₹45.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vaswani Industries Ltd?

Vaswani Industries Ltd is trading at ₹45.90 as of 05 September 2026, with a FY2026-2027 high of ₹70.1 and low of ₹42.8. The stock is currently near its 52-week low. Market cap stands at ₹151 Cr..

How does Vaswani Industries Ltd's P/E ratio compare to its industry?

Vaswani Industries Ltd has a P/E ratio of , which is below the industry average of 23.58. This is broadly in line with or below the industry average.

Is Vaswani Industries Ltd financially healthy?

Key indicators for Vaswani Industries Ltd: ROCE of 8.76 % is on the lower side compared to the industry average of 18.22%; ROE of 2.95 % is below ideal levels (industry average: 34.53%). Dividend yield is 0.00 %.

Is Vaswani Industries Ltd profitable and how is the profit trend?

Vaswani Industries Ltd reported a net profit of ₹9 Cr in Mar 2025 on revenue of ₹412 Cr. Compared to ₹4 Cr in Mar 2022, the net profit shows an improving trend.

Does Vaswani Industries Ltd pay dividends?

Vaswani Industries Ltd has a dividend yield of 0.00 % at the current price of ₹45.90. The company is currently not paying meaningful dividends.

Last Updated: August 25, 2026, 8:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533576 | NSE: VASWANI
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vaswani Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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