Vaswani Industries Ltd - Stock Valuation and Financial Performance

BSE: 533576 | NSE: VASWANI | Steel/Sponge Iron/Pig Iron | Small Cap

Vaswani Industries Share Price

48.50 -0.57 -1.16%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Vaswani Industries

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Vaswani Industries stock performance -

mw4me loader
P/E Ratio (SA):
14.80
Market Cap:
152 Cr.
52-wk low:
23
52-wk high:
73.9

Is Vaswani Industries Ltd an attractive stock to invest in?

1. Is Vaswani Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vaswani Industries Ltd is a average quality company.

2. Is Vaswani Industries Ltd undervalued or overvalued?

The key valuation ratios of Vaswani Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Vaswani Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Vaswani Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Vaswani Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vaswani Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.6%8%8.5%8.6%9.2%7.3%10.4%11.2%13.2%13.9%-
Value Creation
Index
-0.4-0.4-0.4-0.4-0.3-0.5-0.3-0.2-0.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 255238256237319352314374392389403
Sales YoY Gr.--6.8%7.6%-7.1%34.5%10.4%-10.8%19.1%4.7%-0.6%-
Adj EPS 0.40.40.61.50.4-11.41.5233.3
YoY Gr.-0%45%156.9%-73.8%-351.3%NA11%33.8%50.5%-
BVPS (₹) 28.428.928.828.830.930.131.633.1353839.4
Adj Net
Profit
1.21.21.74.51.2-2.94.14.56.19.110
Cash Flow from Ops. 24.418.543.79.49.728.7-0.129.930.7-
Debt/CF from Ops. 1.92.510.7135.45.51.5-593.31.21.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.8%4.1%7.4%-0.6%
Adj EPS 25.3%50.8%30.8%50.5%
BVPS3.3%4.3%6.4%8.6%
Share Price 29.4% 54.6% 52.8% 101.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.41.425.21.3-3.14.14.35.57.88.5
Op. Profit
Mgn %
6.96.76.36.85.53.95.95.15.55.75.9
Net Profit
Mgn %
0.50.50.71.90.4-0.81.31.21.62.32.6
Debt to
Equity
0.60.60.50.60.60.60.40.50.30.30.8
Working Cap
Days
11311511215114113714713312911057
Cash Conv.
Cycle
3640375555587154514936

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.50%

Net Profit is growing at healthy rate in last 3 years 30.75%

Sales growth has been subdued in last 3 years 7.39%

Sales growth is not so good in last 4 quarters at 7.03%

Latest Financials - Vaswani Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 3.3 -
TTM Sales (₹ Cr.) 403 -
BVPS (₹.) 39.4 -
Reserves (₹ Cr.) 92 -
P/BV 1.23 -
PE 14.80 -
From the Market
52 Week Low / High (₹) 23.00 / 73.90
All Time Low / High (₹) 1.47 / 73.90
Market Cap (₹ Cr.) 152
Equity (₹ Cr.) 31.4
Face Value (₹) 10
Industry PE 20.7

Management X-Ray of Vaswani Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vaswani Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales255238256237319352314374392389
Operating Expenses 237222239221302339296355371367
Manufacturing Costs39464045513644454753
Material Costs191170192169239291240295305293
Employee Cost 34334567810
Other Costs 42346669911
Operating Profit 18161616171418192122
Operating Profit Margin (%) 6.9%6.7%6.3%6.8%5.5%3.9%5.9%5.1%5.4%5.7%
Other Income 1101120122
Interest 1199910109998
Depreciation 6665554444
Exceptional Items 0000000000
Profit Before Tax 112330571112
Tax 000-2231353
Profit After Tax 11251-34469
PAT Margin (%) 0.5%0.5%0.7%1.9%0.4%-0.7%1.3%1.2%1.5%2.3%
Adjusted EPS (₹)0.40.40.61.50.4-0.81.41.52.03.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 838486879398102107113122
Share Capital 29293030303030303030
Reserves 54555657636872778392
Minority Interest0000000000
Debt44424248515340513431
Long Term Debt83471197151015
Short Term Debt36383941394432362416
Trade Payables25252625422934383519
Others Liabilities 913511131720222017
Total Liabilities 161163160171198196197217201189

Fixed Assets

Gross Block10511382114116127128129130134
Accumulated Depreciation39462057626771757982
Net Fixed Assets66676257545956545152
CWIP 0000000004
Investments 7772777777
Inventories27373231513745394946
Trade Receivables29222641435454504918
Cash Equivalents 450001881223
Others Assets28243239423726583339
Total Assets 161163160171198196197217201189

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 2418449102903031
PBT 112330571112
Adjustment 18171515151414131212
Changes in Working Capital 5-0-13-13-9-410-2077
Tax Paid 0000000000
Cash Flow From Investing Activity -2-80-1-2-1-1-2-1-9
Capex -2-8-1-1-2-1-1-2-1-4
Net Investments 0000000000
Others 000000000-5
Cash Flow From Financing Activity -22-10-9-3-7-8-212-26-11
Net Proceeds from Shares 0100000000
Net Proceeds from Borrowing 00000-2-17-55
Interest Paid -11-9-9-9-10-10-9-9-9-8
Dividend Paid 0000000000
Others -11-20635-104-12-8
Net Cash Flow 11-501171411
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)1.41.412.095.221.3-2.764.394.565.898.25
ROCE (%)8.577.978.458.569.237.2810.4111.1613.1813.93
Asset Turnover Ratio1.671.611.741.471.731.791.61.811.872
PAT to CFO Conversion(x)241820.89N/A7.25053.44
Working Capital Days
Receivable Days38353150485063514632
Inventory Days38454547474648414145
Payable Days50544856514448454434

Vaswani Industries Ltd Stock News

Vaswani Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vaswani Industries on 21-Nov-2024 16:59 is ₹48.50.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Vaswani Industries stood at ₹152.0.
The latest P/E ratio of Vaswani Industries as of 21-Nov-2024 16:59 is 14.80.
The latest P/B ratio of Vaswani Industries as of 21-Nov-2024 16:59 is 1.23.
The 52-week high of Vaswani Industries is ₹73.90 and the 52-week low is ₹23.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vaswani Industries is ₹402.6 ( Cr.) .

About Vaswani Industries Ltd

Vaswani Industries Limited was incorporated on July 22, 2003 with the Registrar of Companies, having its registered office at Raipur, with an object to be a hall-mark of excellence in the steel-making scenario of India.  The company started its tour by setting up Integrated Steel Plant (ISP) in phased manner comprising of Sponge Iron Plant, Power Plant and Induction Furnace Plant. It has been built on a strong foundation, brick by brick, which took ten years.

Presently, the company is manufacturing Coal-based Sponge Iron using 3 indigenously developed rotary kilns, with a capacity of 90000 M.T. (3 X 100 MT) along with a Waste Heat Recovery Boiler (WHRB) with a generation capacity of 11.5 MW Power & a Steel Ingot/Billet Plant of capacity 59400 MT. (2 X 9 MT).

In addition to all the above attractions the promoters are locally based and have excellent rapport with the District and state government authorities who are extending their full co-operation and assistance to encourage up-coming Industrial units in the state. Consequently, a group of young, energetic, enterprising Technocrats assisted by highly qualified and experienced Technical and Commercial Managers and staff have joined hands to form a company under the name and style of Vaswani Industries Limited, which is a Limited Company Incorporated with the Registrar of Companies.

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