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Vaswani Industries

₹65.4 -3.4 | 5%

Market Cap ₹196 Cr.

Stock P/E 22.3

P/B 1.7

Current Price ₹65.4

Book Value ₹ 38.8

Face Value 10

52W High ₹73.9

Dividend Yield 0%

52W Low ₹ 22.2

Vaswani Industries Research see more...

Overview Inc. Year: 2003Industry: Steel/Sponge Iron/Pig Iron

Based out of Chhattisgarh, Vaswani Industries Limited is a formidable player in the steel industry. Primarily engaged in the manufacturing of sponge iron, steel billets, and power generation. Since 1993, they have been manufacturing sponge iron, forging ingots, billets, and power. Their state-of-the-art USFDA-approved facility produces APIs across various therapeutic categories. Under the leadership of Mr. Pradeep Vaswani and his team, it has achieved notable milestones including the implementation of state-of-the-art facilities ensuring efficient production and adhering to international quality standards. The company firmly believes in benchmark product quality, customer centric approach, people focus, ethical business practices and good corporate citzenship. Clientele includes a diverse range of stakeholders from major construction firms like Hiranandani to small-scale industries which rely on Vaswani Industries for high-quality steel products.

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Vaswani Industries Share Price

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Vaswani Industries Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 80 87 120 104 87 90 111 87 118 90
Other Income 0 0 0 1 1 0 0 0 0 1
Total Income 80 87 120 105 87 90 112 88 119 91
Total Expenditure 76 83 113 98 82 84 106 83 112 84
Operating Profit 4 4 7 6 5 6 5 4 6 7
Interest 2 2 3 2 2 2 2 2 2 2
Depreciation 1 1 0 1 0 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 4 3 2 3 3 1 3 5
Provision for Tax 0 1 1 1 1 2 1 0 1 2
Profit After Tax 0 -1 3 2 2 1 1 1 2 3
Adjustments -0 0 0 -0 -0 0 0 0 0 0
Profit After Adjustments 0 -1 3 2 2 1 1 1 2 3
Adjusted Earnings Per Share 0.1 -0.2 1.1 0.7 0.6 0.4 0.4 0.3 0.8 1

Vaswani Industries Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 226 255 238 256 237 319 352 314 374 392 389 406
Other Income 2 1 1 0 1 1 2 0 1 2 2 1
Total Income 228 255 238 256 238 320 355 315 375 394 391 410
Total Expenditure 211 237 222 239 221 302 339 296 355 371 367 385
Operating Profit 17 18 17 17 17 18 16 19 20 23 24 22
Interest 11 11 9 9 9 10 10 9 9 9 8 8
Depreciation 5 6 6 6 5 5 5 4 4 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 1 2 3 3 0 5 7 11 12 12
Provision for Tax 1 -0 0 -0 -2 2 3 1 3 5 3 4
Profit After Tax 0 1 1 2 5 1 -3 4 4 6 9 7
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 1 1 2 5 1 -3 4 4 6 9 7
Adjusted Earnings Per Share 0 0.4 0.4 0.6 1.5 0.4 -0.8 1.4 1.5 2 3 2.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -1% 7% 4% 6%
Operating Profit CAGR 4% 8% 6% 4%
PAT CAGR 50% 31% 55% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 134% 78% 61% 33%
ROE Average 8% 6% 4% 3%
ROCE Average 14% 13% 11% 10%

Vaswani Industries Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 83 83 85 86 87 93 98 102 107 113 122
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 12 8 3 4 7 11 9 7 15 10 15
Other Non-Current Liabilities 3 3 3 3 1 3 6 7 8 10 10
Total Current Liabilities 76 68 71 67 76 91 83 79 87 69 43
Total Liabilities 174 161 163 160 171 198 196 197 217 201 189
Fixed Assets 72 66 67 62 57 54 59 56 54 51 52
Other Non-Current Assets 20 14 15 23 21 26 23 17 36 24 24
Total Current Assets 83 80 79 75 92 118 114 124 127 126 113
Total Assets 174 161 163 160 171 198 196 197 217 201 189

Vaswani Industries Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 7 4 4 5 -0 -0 0 1 8 8 12
Cash Flow from Operating Activities 7 24 18 4 4 9 10 29 -0 30 31
Cash Flow from Investing Activities 0 -2 -8 -0 -1 -2 -1 -1 -2 -1 -9
Cash Flow from Financing Activities -10 -22 -10 -9 -3 -7 -8 -21 2 -26 -11
Net Cash Inflow / Outflow -3 1 1 -5 -0 1 1 7 1 4 11
Closing Cash & Cash Equivalent 4 4 5 -0 -0 0 1 8 8 12 23

Vaswani Industries Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 0.01 0.4 0.4 0.59 1.5 0.39 -0.84 1.35 1.47 2 3.01
CEPS(Rs) 1.93 2.66 2.63 2.5 3.3 2.12 0.95 2.8 2.69 3.22 4.26
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 29.05 28.39 28.91 28.77 28.84 30.86 30.05 31.57 33.06 35 38
Core EBITDA Margin(%) 6.1 6.27 6.07 5.77 6.6 5.48 3.89 5.86 5.07 5.44 5.68
EBIT Margin(%) 4.68 4.15 3.94 3.89 4.63 4.02 2.96 4.63 4.3 4.92 5.15
Pre Tax Margin(%) 0.37 0.39 0.52 0.59 1.04 1.03 0.05 1.64 1.93 2.74 3.17
PAT Margin (%) 0.01 0.41 0.44 0.63 1.85 0.36 -0.72 1.29 1.18 1.53 2.32
Cash Profit Margin (%) 2.22 2.72 2.89 2.68 4.07 1.99 0.81 2.67 2.16 2.47 3.29
ROA(%) 0.02 0.69 0.71 1.1 2.73 0.63 -1.28 2.07 2.14 2.88 4.63
ROE(%) 0.04 1.4 1.41 2.09 5.22 1.3 -2.76 4.39 4.56 5.89 8.25
ROCE(%) 8.2 8.57 7.97 8.45 8.56 9.23 7.28 10.41 11.16 13.18 13.93
Receivable days 40.23 38.2 35.4 31.4 50.42 47.91 50.2 62.56 50.59 46.21 31.61
Inventory Days 44 38.14 44.96 44.93 47.4 46.99 45.67 47.77 40.99 40.97 44.6
Payable days 52.11 49.95 53.67 48.41 55.89 50.91 43.99 47.57 44.67 43.81 33.97
PER(x) 166.02 7.02 17.32 15.99 10.38 25.83 0 7.05 13.43 9.96 10.38
Price/Book(x) 0.06 0.1 0.24 0.33 0.54 0.32 0.1 0.3 0.6 0.57 0.82
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.27 0.2 0.25 0.28 0.4 0.25 0.17 0.2 0.28 0.21 0.27
EV/Core EBITDA(x) 3.53 2.81 3.6 4.24 5.7 4.46 3.86 3.31 5.26 3.65 4.37
Net Sales Growth(%) 5.59 12.56 -6.79 7.58 -7.12 34.47 10.44 -10.81 19.06 4.7 -0.64
EBIT Growth(%) 241.29 -0.14 -11.6 5.99 3.31 13.91 -18.65 39.5 10.63 19.89 3.81
PAT Growth(%) 100.26 3813.61 0.34 53.3 154.7 -74.25 -317.27 261.09 8.89 35.92 50.27
EPS Growth(%) 100.25 3798.06 0.35 46.42 154.72 -74.26 -317.3 261.08 8.89 35.92 50.26
Debt/Equity(x) 0.71 0.58 0.55 0.49 0.55 0.55 0.59 0.44 0.53 0.34 0.29
Current Ratio(x) 1.08 1.17 1.12 1.12 1.22 1.3 1.37 1.56 1.46 1.82 2.63
Quick Ratio(x) 0.67 0.77 0.6 0.64 0.81 0.74 0.92 0.99 1.02 1.12 1.55
Interest Cover(x) 1.09 1.1 1.15 1.18 1.29 1.35 1.02 1.55 1.81 2.26 2.6
Total Debt/Mcap(x) 12.12 5.85 2.26 1.49 1.02 1.69 5.95 1.45 0.89 0.6 0.35

Vaswani Industries Shareholding Pattern

# Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Promoter 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33 58.33
FII 0 0 0 0 0 0 0 0 0.01 0
DII 0 0 0 0 0 0 0 0 0 0
Public 41.67 41.67 41.66 41.67 41.67 41.67 41.67 41.67 41.66 41.66
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 55% CAGR over last 5 years
  • Debtor days have improved from 43.81 to 33.97days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 6% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Vaswani Industries News

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