| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 118 | 114 | +3.1% |
| EBITDA | 14.1 | 9.7 | +44.9% |
| EBITDA margin | 11.9% | 8.5% | +3.4 pts |
| Profit before tax | 4.5 | 5.4 | −15.3% |
| Net profit | 1.2 | 5.5 | −78.7% |
| EPS | ₹0.35 | ₹1.75 | −80.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 137 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 4.7 | 4.7 | 25.8 | 0.2 | 1.2 | ||
| 277 | 277 | 156 | 32.9 | 35.8 | ||
| 409 | — | — | — | — | ||
| 471 | 467 | 412 | 389 | 392 | ||
| — | +13.5% | +5.7% | −0.6% | — | ||
| 44.5 | 40.1 | 26.7 | 22.1 | 21.3 | ||
| 9.4% | 8.6% | 6.5% | 5.7% | 5.4% | ||
| 32.6 | 30.8 | 22.3 | 18.4 | 17.7 | ||
| −0.1 | 4.2 | 8.6 | 9.0 | 6.0 | ||
| −0.0% | 0.9% | 2.1% | 2.3% | 1.5% | ||
| −₹0.02 | ₹1.29 | ₹2.61 | ₹2.74 | ₹1.82 | ||
| — | −50.7% | −4.7% | +50.3% | — | ||
| — | 18.3 | 34.4 | 30.7 | 29.9 | ||
| — | −174 | −65.1 | −4.3 | −0.8 | ||
| −156 | −156 | −30.7 | 26.4 | 29.1 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 136.7 | |
| - Cash, Equiv & ST Investments | 1.2 | 0.2 | 25.8 | 4.7 | 4.7 | |
| + Total Debt | 35.8 | 32.9 | 156.3 | 277.0 | 277.0 | |
| Enterprise Value | — | — | — | — | 409.0 | |
| Revenue | 391.9 | 389.3 | 411.6 | 467.4 | 470.9 | |
| Growth %, YoY | — | -0.6 | +5.7 | +13.5 | — | |
| EBITDA | 21.3 | 22.1 | 26.7 | 40.1 | 44.5 | |
| Margin % | 5.44 | 5.68 | 6.49 | 8.58 | 9.44 | |
| EBIT | 17.7 | 18.4 | 22.3 | 30.8 | 32.6 | |
| Net Income | 6.0 | 9.0 | 8.6 | 4.2 | -0.1 | |
| Margin % | 1.53 | 2.32 | 2.09 | 0.91 | -0.01 | |
| EPS, Adj (current shares) | 1.82 | 2.74 | 2.61 | 1.29 | -0.02 | |
| Growth %, YoY | — | +50.3 | -4.7 | -50.7 | — | |
| Cash from Operations | 29.9 | 30.7 | 34.4 | 18.3 | — | |
| Capital Expenditures | -0.8 | -4.3 | -65.1 | -174.5 | — | |
| Free Cash Flow | 29.1 | 26.4 | -30.7 | -156.2 | -156.2 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Vaswani Industries (NSE: VASWANI) had a market capitalisation of ₹129 crore at the 30 October 2026 close (₹39.16 a share) and a price-to-book ratio of 0.86. In FY26 its consolidated net profit was ₹4.2 crore on revenue of ₹467 crore; in Q1 FY27 (April–June 2026) it was ₹1.2 crore, down 78.7% year on year. Its debt-to-equity ratio was 1.85 on 31 March 2026. Promoters held 62.06% of the shares on 30 September 2026.
Vaswani Industries' PE ratio is not meaningful at the 30 October 2026 close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹6.2 lakh, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹129 crore at ₹39.16 a share.
Vaswani Industries' price-to-book (PB) ratio is 0.86 at the 30 October 2026 close: a market capitalisation of ₹129 crore divided by shareholders' equity (book value) of ₹150 crore on 31 March 2026. That is a book value of ₹45.56 per share against a share price of ₹39.16.
Vaswani Industries' book value per share was ₹45.56 on 31 March 2026: shareholders' equity of ₹150 crore divided by the 3.29 crore shares in issue, up 3.9% from ₹43.86 a year earlier. The share price at the 30 October 2026 close was ₹39.16.
Vaswani Industries' market capitalisation was ₹129 crore at the 30 October 2026 close: 3.29 crore shares at ₹39.16 each.
No. Vaswani Industries had borrowings of ₹277 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.85. Its cash and current investments were ₹16.2 crore, so its net debt was ₹261 crore.
Vaswani Industries' basic earnings per share (EPS) were ₹1.31 in FY26, against ₹2.81 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹0.04.
Vaswani Industries' debt-to-equity ratio was 1.85 on 31 March 2026: borrowings of ₹277 crore against total equity of ₹150 crore. A year earlier, on 31 March 2025, it was 1.14.
Vaswani Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹150 crore on 31 March 2026, up 9.2% from ₹137 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹129 crore at the 30 October 2026 close.
Promoters held 62.06% of Vaswani Industries on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Vaswani Industries' return on equity (ROE) was 3.0% and its return on capital employed (ROCE) was 9.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 6.6% and ROCE 11.0%.
Vaswani Industries' latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹1.2 crore, down 78.7% from ₹5.5 crore in Q1 FY26; revenue from operations ₹118 crore, up 3.1% year on year.
In FY26 (April 2025–March 2026), Vaswani Industries' consolidated net profit was ₹4.2 crore, down 50.7% from ₹8.6 crore in FY25, on revenue from operations of ₹467 crore (up 13.5%). Over three years, from FY23, net profit was down 29.4%.
On 30 September 2026, Vaswani Industries' shares were held by promoters 62.06% and retail and other non-institutional investors 37.94%.
In FY26, Vaswani Industries generated ₹18.3 crore of cash from operations and spent ₹174 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹156 crore. In FY25 it was −₹30.7 crore.
Vaswani Industries has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On FY26 consolidated figures, against Vraj Iron and Steel, S.A.L. Steel and KIOCL: Vaswani Industries' operating margin of 6.6% is the highest of the four (Vraj Iron and Steel 5.8%, S.A.L. Steel 1.8%, KIOCL −11.1%; peer average −1.2%); its return on equity of 3.0% is the second highest of the four (Vraj Iron and Steel 7.7%, S.A.L. Steel −0.4%, KIOCL 1.0%; peer average 2.8%).
In FY26, Vaswani Industries earned net profit of ₹4.2 crore on revenue of ₹467 crore, against ₹32 crore on ₹588 crore for Vraj Iron and Steel. Vaswani Industries' operating margin was 6.6% (Vraj Iron and Steel 5.8%) and its return on equity 3.0% (Vraj Iron and Steel 7.7%). At the 30 October 2026 close, Vaswani Industries' market capitalisation was ₹129 crore against ₹400 crore for Vraj Iron and Steel, and its PE ratio on FY26 profit 30.4 against 12.5.
From Vaswani Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.