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%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Iron & Steel (91%), Power (9%), Agri Products (0%), Real Estate (0%). Asset-heavy ferrous metals (sponge iron) and power generation, with elevated capex and finance costs
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
| ₹ crore | Q1 FY25 |
|---|---|
| Revenue | 92 |
| Profit before tax | 4 |
| Net profit | 3 |
| EPS (₹) | 0.84 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KIOCL LIMITED | 21,688 | 549.0 | 12.49 | — | 1.0 | 0.6 | — | (2.6) |
| VRAJ IRON AND STEEL LTD | 412 | 11.5 | 0.96 | 6.9 | 7.4 | 8.5 | — | 11.1 |
| VASWANI IND LTD ◆ | 151 | 54.5 | — | — | — | — | — | 6.1 |
| BIHAR SPONGE IRON LTD. | 116 | 10.3 | — | — | (33.3) | 22.1 | — | 12.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 54.5 | 13.9 | 21 of 24 | 13% |
| EBITDA margin | 6.1 | 14.0 | 18 of 22 | 19% |
| Market cap | 151 | 2635 | 18 of 24 | 26% |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Vaswani Industries publishes 23rd AGM Notice in newspapers | compliance | minimal | — | — |
| 7 Sept 2026 · Vaswani Industries files FY2025-26 annual report and AGM notice | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Vaswani Industries FY26 annual report, revenue up 13.5%, PAT down 50.7% | results | high | — | — |
| 3 Sept 2026 · Board approves 23rd AGM on September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 5 Aug 2026 · Board meeting on 13 Aug 2026 to consider Q1 FY27 results | results | low | — | — |
| 5 Aug 2026 · Trading window remains closed ahead of Q1 results | compliance | minimal | — | — |
| 22 Jul 2026 · Compliance certificate under SEBI Reg 74(5) for quarter ended June 2026 | compliance | minimal | — | — |
| 9 Jul 2026 · Vaswani Industries postal ballot results: preferential share issue and director re-appointment passed | fund raising | high | — | — |
| 9 Jul 2026 · Postal Ballot: Preferential shares to promoters and director re-appointment approved | fund raising | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
