Vaswani Industries quarterly results and financials

Vaswani Industries (VASWANI)₹45.58+3.24%(9 Nov 2026 close)Sponge Iron

Key facts

In the Mar 2026 quarter (standalone), Vaswani Industries reported sales of ₹144 Cr, up 24.7% from Mar 2025, and net profit of ₹5.40 Cr, up 170.0% year on year. For the year to Mar 2026, sales were ₹469 Cr and net profit ₹4.01 Cr.

Sales (Mar 2026): ₹144 Cr
Net profit (Mar 2026): ₹5.40 Cr
Sales (FY Mar 2026): ₹469 Cr
Net profit (FY Mar 2026): ₹4.01 Cr
EPS (Mar 2026): ₹1.65
Borrowings (Mar 2026): ₹278 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Vaswani Industries quarterly results

₹ crore unless stated; each column is a quarter.

Vaswani Industries Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	93.89	87.44	119	90.72	92.07	102	103	116	115	85.23	125	144
Expenses	87.46	83.45	112	83.79	86.50	96.18	96.77	106	105	78.80	121	123
Operating Profit	6.05	3.61	5.83	6.58	5.25	5.96	5.60	9.85	9.68	6.24	3.48	20.65
OPM %	6.5%	4.1%	4.9%	7.3%	5.7%	5.8%	5.5%	8.5%	8.5%	7.3%	2.8%	14.4%
Other Income	0.21	0.41	0.47	0.61	0.33	0.22	0.33	−2.02	0.32	0.25	0.10	0.20
Interest	2.06	1.89	2.13	1.61	1.08	1.26	2.00	3.63	3.16	3.40	4.19	6.80
Depreciation	0.94	0.95	0.96	0.96	0.94	0.95	1.42	1.12	1.48	1.45	2.27	4.20
Profit before tax	3.27	1.17	3.20	4.62	3.55	3.98	2.51	3.11	5.35	1.63	−2.87	9.87
Tax %	16.1%	28.7%	28.0%	33.0%	29.2%	41.3%	29.7%	36.2%	−2.1%	17.6%	176.7%	45.5%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−2.39	0.00	0.00	0.00	0.00
Net Profit	2.77	0.86	2.33	3.11	2.53	2.34	1.78	2.00	5.49	1.35	−7.99	5.40
EPS (Rs)	0.93	0.29	0.78	1.04	0.85	0.79	0.57	0.64	1.76	0.40	−2.43	1.65

Vaswani Industries profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Vaswani Industries Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	239	256	238	320	353	315	375	391	391	413	469	469
Expenses	221	239	221	301	339	296	355	369	366	385	427	427
Operating Profit	15.97	15.96	15.97	17.96	13.97	17.97	18.96	20.95	21.95	26.92	39.93	40.05
OPM %	7.0%	6.0%	7.0%	5.0%	3.9%	6.0%	5.0%	5.0%	6.0%	7.0%	9.0%	8.5%
Other Income	1.01	0.00	0.00	1.01	2.01	0.00	1.01	2.01	2.01	−1.01	1.01	0.87
Interest	9.01	9.01	8.99	10.01	10.01	8.99	9.01	9.01	7.99	7.99	18.01	17.55
Depreciation	6.01	6.02	5.01	5.01	5.01	4.01	4.01	4.01	4.01	4.01	9.02	9.40
Profit before tax	0.99	1.99	2.99	2.99	0.00	4.98	6.99	10.98	11.97	12.96	13.96	13.98
Tax %	15.0%	−7.0%	−78.1%	64.9%	1,681.0%	20.9%	39.0%	43.9%	27.0%	35.0%	70.0%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−1.99	0.00	0.00
Net Profit	1.01	2.01	5.01	1.01	−3.01	4.01	4.01	6.01	9.03	9.02	4.01	4.25
EPS (Rs)	0.39	0.60	1.49	0.40	−0.85	1.34	1.48	1.99	3.02	2.75	1.30	1.38
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Vaswani Industries balance sheet

₹ crore, at each year end.

Vaswani Industries Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	28.92	28.91	29.92	29.90	29.89	29.90	29.89	29.88	29.88	29.88	30.91	32.90
Reserves	53.82	56.80	55.85	56.76	62.77	67.76	71.78	76.72	82.73	91.67	106	117
Borrowings	47.17	45.12	42.12	48.14	51.21	53.17	42.17	53.17	36.15	33.10	157	278
Other Liabilities	31.02	32.11	31.15	36.06	55.01	45.10	53.02	57.12	53.07	34.16	67.96	80.61
Total Liabilities	161	163	160	171	198	196	197	217	201	189	362	508
Fixed Assets	66.01	67.03	62.06	57.01	54.05	59.05	56.02	53.99	51.03	51.99	112	335
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.99	66.94	8.99
Investments	7.01	7.01	7.01	2.01	7.01	7.01	7.01	7.01	7.01	7.01	2.01	3.01
Other Assets	87.91	87.90	90.97	111	137	129	133	156	143	126	180	162
Inventories	26.98	36.94	31.95	30.97	50.95	36.92	44.92	38.97	48.95	45.93	65.86	81.86
Trade receivables	28.99	22.02	26.01	41.02	42.99	54.05	54.06	49.98	49.05	17.99	8.01	15.01
Cash & equivalents	3.99	4.99	0.00	0.00	0.00	0.99	7.99	7.98	11.98	22.97	44.94	15.96
Total Assets	161	163	160	171	198	196	197	217	201	189	362	508

Vaswani Industries cash flow

₹ crore, for each year.

Vaswani Industries Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	24.05	18.01	4.01	4.01	9.02	10.02	29.05	0.00	30.04	31.05	34.06	18.03
Cash from investing activity	−1.99	−7.98	0.00	−0.99	−1.99	−0.99	−0.99	−1.99	−0.99	−8.98	−134	−158
Cash from financing activity	−22.08	−10.04	−9.03	−3.01	−7.03	−8.02	−21.08	2.01	−26.10	−11.03	122	111
Net cash flow	1.01	1.01	−5.01	0.00	1.01	1.01	7.01	1.01	4.01	11.01	22.02	−29.04
Capex	1.99	7.99	0.99	0.99	1.99	0.99	0.99	1.99	0.99	3.99	64.92	232
Free cash flow	21.94	10.97	2.99	2.99	6.98	8.98	27.93	−1.99	28.93	21.95	−92.83	−156
CFO / OP %	139.0%	115.1%	24.1%	23.1%	54.1%	71.0%	156.0%	0.0%	140.0%	147.0%	132.0%	50.1%

Vaswani Industries ratios

Working-capital days and returns, by year.

Vaswani Industries Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	42	35	39	64	50	57	63	50	47	18	8	13
Inventory days	50	75	59	67	94	89	69	48	59	54	73	88
Days payable	46	49	48	54	75	67	51	46	41	22	46	50
Cash conversion cycle	44	58	47	75	66	75	78	49	61	48	33	47
Working capital days	11	6	12	26	31	32	43	32	43	45	10	21
ROCE %	9.1%	8.0%	8.1%	9.1%	9.0%	7.0%	10.0%	11.0%	13.0%	13.0%	11.1%	9.1%

Vaswani Industries: frequently asked questions

What are the latest quarterly results of Vaswani Industries?

For the Mar 2026 quarter, Vaswani Industries reported sales of ₹144 Cr, up 24.7% year on year and net profit of ₹5.40 Cr, up 170.0% year on year. The operating margin was 14.4%.

What is the annual revenue of Vaswani Industries?

Vaswani Industries' sales for the year to Mar 2026 were ₹469 Cr; over the last twelve months they were ₹469 Cr.

What is the net profit of Vaswani Industries?

Net profit for the year to Mar 2026 was ₹4.01 Cr, and ₹4.25 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.38.

How much debt does Vaswani Industries have?

Vaswani Industries reported borrowings of ₹278 Cr at Mar 2026, against cash and equivalents of ₹15.96 Cr.

What is the free cash flow of Vaswani Industries?

Cash from operations was ₹18.03 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹156 Cr.

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