Vaswani Industries (NSE:VASWANI) Debt-to-EBITDA : 3.32 (As of Mar. 2026) — 12% Above Median

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NSE:VASWANI Vaswani Industries Ltd NSE:VASWANI
75 GF Score
Price ₹51.37
GF Value ₹49.18
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Vaswani Industries Debt-to-EBITDA?

Vaswani Industries NSE:VASWANI -2.28% 75 Debt-to-EBITDA is 3.32 as of Mar. 2026, which is 12% above its 10-year median of 2.97. GuruFocus rates NSE:VASWANI with a GF Score™ of 75/100 and a GF Value™ of ₹49.18 (Fairly Valued). The stock has 7 warning signs investors should review. Among 494 Steel companies, Vaswani Industries ranks worse than 77.73% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Vaswani Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹585 Mil. Vaswani Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹2,185 Mil. Vaswani Industries's annualized EBITDA for the quarter that ended in Mar. 2026 was ₹835 Mil. Vaswani Industries's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.32.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Vaswani Industries's Debt-to-EBITDA or its related term are showing as below:

NSE:VASWANI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.51   Med: 2.97   Max: 6.77
Current: 6.77

During the past 13 years, the highest Debt-to-EBITDA Ratio of Vaswani Industries was 6.77. The lowest was 1.51. And the median was 2.97.

NSE:VASWANI's Debt-to-EBITDA is ranked worse than
77.73% of 494 companies
in the Steel industry
Industry Median: 2.935 vs NSE:VASWANI: 6.77

Vaswani Industries  (NSE:VASWANI) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Vaswani Industries Debt-to-EBITDA Related Terms


Vaswani Industries Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Vaswani Industries's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vaswani Industries Debt-to-EBITDA Chart

Vaswani Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.92 1.67 1.51 6.11 6.77

Vaswani Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.97 0.00 10.25 0.00 3.32

NSE:VASWANI vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, Vaswani Industries's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vaswani Industries Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, Vaswani Industries's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Vaswani Industries's Debt-to-EBITDA falls into.


NSE:VASWANI
75GF Score
Vaswani Industries Ltd NSE:VASWANI
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vaswani Industries Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Vaswani Industries's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(584.768 + 2185.115) / 409.424
=6.77

Vaswani Industries's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(584.768 + 2185.115) / 835.276
=3.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.32 mean?
Vaswani Industries (NSE:VASWANI) has a Debt-to-EBITDA of 3.32 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Vaswani Industries. This is 12% above median its historical median of 2.97. Over the past decade, Vaswani Industries' Debt-to-EBITDA has ranged from 1.51 to 6.77. According to the industry distribution chart, Vaswani Industries ranks #384 out of 494 companies in the Steel industry, placing it in the top 77.7%.
Is Vaswani Industries' Debt-to-EBITDA too high?
Vaswani Industries' current Debt-to-EBITDA of 3.32 is 12% above median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 6.77. The Steel industry median Debt-to-EBITDA is 2.94. Vaswani Industries' value of 3.32 is 13.1% above this industry median. Based on the distribution chart, Vaswani Industries ranks #384 out of 494 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vaswani Industries has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vaswani Industries' Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Vaswani Industries ranks #384 out of 494 companies for Debt-to-EBITDA. This places Vaswani Industries in the lower half of its industry. The industry median Debt-to-EBITDA is 2.94. Vaswani Industries' value of 3.32 is 13.1% above this benchmark. Historically, Vaswani Industries' own Debt-to-EBITDA has ranged from 1.51 to 6.77 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 2.94, Vaswani Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Steel company?
The median Debt-to-EBITDA among Steel companies is 2.94, based on 494 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vaswani Industries's current Debt-to-EBITDA of 3.32 is 13.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Vaswani Industries. For the Steel industry, the median Debt-to-EBITDA is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vaswani Industries's current Debt-to-EBITDA is 3.32, which is 12% above median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vaswani Industries stock overvalued right now?
Based on GuruFocus' analysis, Vaswani Industries (NSE:VASWANI) is currently considered Fairly Valued. The stock's GF Value™ is ₹49.18, compared to a current price of ₹51.37 — trading 4.5% above its estimated fair value. The current Debt-to-EBITDA is 3.32, which is 12% above median its 10-year median of 2.97 and 13.1% above the Steel industry median of 2.94. Vaswani Industries' overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Vaswani Industries (NSE:VASWANI), the current Debt-to-EBITDA is 3.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vaswani Industries (NSE:VASWANI) Overvalued in 2026?

Based on GuruFocus' analysis, Vaswani Industries stock appears to be overvalued. The current stock price of ₹51.37 is trading 4.5% above its estimated GF Value™ of ₹49.18. GuruFocus considers Vaswani Industries to be Fairly Valued.

Key valuation signals for NSE:VASWANI:

  • Debt-to-EBITDA: 3.32 (12% above median its 10-year median of 2.97)
  • GF Value™: ₹49.18 vs. price of ₹51.37 (4.5% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 13.1% above the Steel median (#384 of 494)

No single metric tells the full story. See the NSE:VASWANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vaswani Industries Business Description

Other Exchanges 533576:India
Address Bahesar Road, Near cycle Park, Village Sondra, Phase II, Industrial Area, Siltara, Raipur, CT, IND, 493 221
Vaswani Industries Ltd is engaged in the business of manufacturing and trading of Sponge Iron, Steel Billets, HB Wires, Iron Ore Pellets and generation of Power. Its business segments are Iron and steel; Power; Real estate and Agri division, of which key revenue is derived from the Iron and Steel segment. The company sells its products within India.
75GF Score

Get the complete analysis for NSE:VASWANI

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹51.37
Price
₹49.18
GF Value