VASWANI IND LTD

Operates in the ferrous metals space, classified under sponge iron, with the Iron & Steel segment generating 91.4% of segment revenue (Rs 427.88 crore) for the year ended March 2026. The segment sells iron and steel products, with the company's basic industry listed as sponge iron. A Power segment contributes the remaining 8.6% (Rs 40.32 crore) and includes a recently capitalised Solar Power plant along with conventional power generation, which appears to supply internally and externally. Materials consumed account for 68.5% of revenue, making raw material inputs the dominant cost line, while other operating expenses are 14.7%, employee cost 3.6%, and depreciation 2.0% of revenue. Capital expenditure was 37.3% of revenue, reflecting recent capitalisation of a Solar Power plant and an Induction Furnace plant during FY26, which also pushed total assets to Rs 508.31 crore. The Power segment delivered EBIT of Rs 23.45 crore on Rs 40.32 crore of revenue, while the Iron & Steel segment delivered EBIT of Rs 8.14 crore on Rs 427.88 crore, showing power as a higher-margin contributor relative to its size. Aggregate revenue for FY26 stood at Rs 467.37 crore with an EBITDA margin of 8.76%.