Vaswani Industries balance sheet

As of Mar 2026

Total assets: ₹508cr+40.5% on Mar 2025
Shareholders' equity: ₹150cr+9.2% on Mar 2025
Total debt: ₹277cr+77.3% on Mar 2025
Cash and investments: ₹4.7cr−81.8% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	335	112	51.6	51.2
	9.4	67.1	4.3	0.0
	2.5	2.4	7.2	7.3
	1.1	17.3	9.2	9.9
	3.7	19.7	16.4	17.2
	6.6	5.5	3.7	6.4
	355	204	76.1	74.7
	82.2	65.9	46.1	49.0
	15.1	8.3	18.3	49.2
	4.7	25.8	0.2	1.2
	11.6	19.3	22.4	10.7
	23.4	27.1	20.4	10.5
	54.7	80.5	61.3	71.6
	16.9	11.1	5.3	5.7
	154	158	113	126
	508	362	189	201
Equity
	32.9	31.3	30.0	30.0
	117	106	91.7	82.6
	150	137	122	113
	150	137	122	113
Liabilities
	219	109	14.7	9.6
	219	109	14.7	9.6
	2.0	1.7	1.2	0.8
	20.6	10.7	8.4	8.7
	4.9	—	—	0.0
	246	122	24.3	19.2
	58.5	47.0	18.2	26.2
	47.9	41.9	19.3	35.3
	106	88.8	37.5	61.5
	3.4	3.0	5.3	7.1
	—	2.2	—	0.0
	2.5	8.7	0.1	0.7
	112	103	42.9	69.3
	358	224	67.2	88.5
	508	362	189	201
Trade payables — MSME split
	0.3	0.4	—	—
	47.6	41.5	—	—

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

VASWANI₹41.50

Vaswani Industries Limited

· Metal & Mining

₹ CrorePeersVRAJ SALSTEEL KIOCLMcap ₹137 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	51.2	51.6	112.0	334.8	334.8
+ Capital Work-in-Progress	0.0	4.3	67.1	9.4	9.4
+ Non-current Investments	7.3	7.2	2.4	2.5	2.5
+ Long-term Loans	9.9	9.2	17.3	1.1	1.1
Non-current Financial Assets	17.2	16.4	19.7	3.7	3.7
+ Other Non-current Assets	6.4	3.7	5.5	6.6	6.6
Total Non-current Assets	74.7	76.1	204.4	354.5	354.5
Current Assets
+ Inventories	49.0	46.1	65.9	82.2	82.2
+ Trade Receivables	49.2	18.3	8.3	15.1	15.1
+ Cash & Cash Equivalents	1.2	0.2	25.8	4.7	4.7
+ Other Bank Balances	10.7	22.4	19.3	11.6	11.6
+ Short-term Loans	10.5	20.4	27.1	23.4	23.4
Current Financial Assets	71.6	61.3	80.5	54.7	54.7
+ Other Current Assets	5.7	5.3	11.1	16.9	16.9
Total Current Assets	126.4	112.7	157.5	153.8	153.8
Total Assets	201.1	188.8	361.9	508.3	508.3
Equity
+ Equity Share Capital	30.0	30.0	31.3	32.9	32.9
+ Other Equity / Reserves	82.6	91.7	106.1	117.2	117.2
Equity — Owners of Parent	112.6	121.7	137.5	150.1	150.1
Total Equity	112.6	121.7	137.5	150.1	150.1
Liabilities
+ Borrowings — Non-current	9.6	14.7	109.3	218.5	218.5
Non-current Financial Liabilities	9.6	14.7	109.3	218.5	218.5
+ Provisions — Non-current	0.8	1.2	1.7	2.0	2.0
+ Deferred Tax Liabilities	8.7	8.4	10.7	20.6	20.6
+ Other Non-current Liabilities	0.0	—	—	4.9	4.9
Non-current Liabilities	19.2	24.3	121.7	246.0	246.0
+ Borrowings — Current	26.2	18.2	47.0	58.5	58.5
+ Trade Payables	35.3	19.3	41.9	47.9	47.9
Current Financial Liabilities	61.5	37.5	88.8	106.4	106.4
+ Provisions — Current	7.1	5.3	3.0	3.4	3.4
+ Current Tax Liabilities	0.0	—	2.2	—	—
+ Other Current Liabilities	0.7	0.1	8.7	2.5	2.5
Current Liabilities	69.3	42.9	102.7	112.3	112.3
Total Liabilities	88.5	67.2	224.4	358.2	358.2
Total Equity & Liabilities	201.1	188.8	361.9	508.3	508.3
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	0.4	0.3	0.3
+ Dues to Other Creditors — Current	—	—	41.5	47.6	47.6

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.