Pipan Oils Ltd
Pipan Oils Ltd is transitioning from discontinued trading activities towards upstream oil-and-gas operations. Commercial operations had not commenced as of Q1FY27.
- Market Cap ₹ 323 Cr.
- Current Price ₹ 184
- High / Low ₹ 185 / 139
- Stock P/E
- Book Value ₹ 0.11
- Dividend Yield 0.00 %
- ROCE -38.6 %
- ROE %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 1,615 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.85%
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.09 | 2.14 | 1.74 | 2.03 | 1.92 | 0.00 | 2.14 | 3.60 | 0.59 | 0.01 | 0.00 | 0.00 | 0.00 | |
| 2.16 | 2.25 | 1.69 | 2.02 | 1.92 | 0.01 | 5.18 | 3.90 | 0.83 | 0.32 | 0.19 | 0.86 | 1.53 | |
| Operating Profit | -0.07 | -0.11 | 0.05 | 0.01 | 0.00 | -0.01 | -3.04 | -0.30 | -0.24 | -0.31 | -0.19 | -0.86 | -1.53 |
| OPM % | -3.35% | -5.14% | 2.87% | 0.49% | 0.00% | -142.06% | -8.33% | -40.68% | -3,100.00% | ||||
| 0.14 | 0.17 | 0.00 | 0.01 | 0.01 | 0.00 | 3.10 | 0.06 | -4.08 | 0.00 | 0.12 | -1.21 | -1.21 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.08 | 0.02 | 0.12 | 0.00 | 0.00 |
| Depreciation | 0.04 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.03 | 0.04 | 0.03 | 0.02 | 0.01 | -0.01 | -0.02 | -0.27 | -4.41 | -0.33 | -0.19 | -2.07 | -2.74 |
| Tax % | 33.33% | 100.00% | 33.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| 0.02 | 0.00 | 0.02 | 0.01 | 0.01 | -0.01 | -0.02 | -0.28 | -4.41 | -0.33 | -0.19 | -2.07 | -2.74 | |
| EPS in Rs | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | -0.01 | -0.01 | -0.16 | -2.48 | -0.19 | -0.38 | -1.18 | -1.55 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -705% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 168% |
| 3 Years: | 599% |
| 1 Year: | 35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Figures in Rs. Crores
| 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 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 0.11 | 1.01 | 3.51 |
| Reserves | 0.07 | 0.07 | 0.09 | 0.10 | 0.12 | 0.11 | 0.09 | -0.19 | -4.60 | -1.10 | -1.29 | -3.31 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 6.29 | 2.90 | 4.27 | 3.64 | 0.89 | |
| 2.33 | 2.42 | 2.67 | 2.14 | 2.18 | 2.18 | 6.35 | 11.11 | 0.28 | 0.06 | 0.17 | 0.05 | |
| Total Liabilities | 5.95 | 6.04 | 6.31 | 5.79 | 5.85 | 5.84 | 10.25 | 20.76 | 2.13 | 3.34 | 3.53 | 1.14 |
| 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.03 | 0.22 | 0.01 | 0.00 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 1.00 | 4.91 | 0.80 | 0.80 | 0.80 | 0.17 |
| 5.14 | 5.24 | 5.51 | 4.98 | 5.05 | 5.04 | 9.22 | 15.63 | 1.32 | 2.54 | 2.73 | 0.97 | |
| Total Assets | 5.95 | 6.04 | 6.31 | 5.79 | 5.85 | 5.84 | 10.25 | 20.76 | 2.13 | 3.34 | 3.53 | 1.14 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.19 | -0.28 | 0.24 | 0.24 | 0.12 | -0.16 | 4.13 | 3.31 | -10.39 | -2.44 | 0.80 | -0.72 | |
| 0.00 | 0.00 | 0.00 | 0.00 | -0.19 | 0.02 | -0.22 | -4.15 | 13.85 | 0.01 | 0.00 | 0.00 | |
| 0.00 | 0.00 | 0.00 | 0.00 | -0.09 | 0.00 | -3.87 | 0.71 | -3.47 | 2.48 | -0.85 | 0.87 | |
| Net Cash Flow | 0.19 | -0.28 | 0.24 | 0.24 | -0.17 | -0.14 | 0.04 | -0.13 | 0.00 | 0.05 | -0.05 | 0.16 |
| Free Cash Flow | 0.19 | -0.28 | 0.24 | 0.24 | 0.12 | -0.16 | 4.10 | 3.08 | -10.18 | -2.43 | 0.80 | -0.72 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -343% | 245% | 500% | 2,500% | 1,600% | -136% | -1,103% | 4,329% | 787% | -421% | 84% |
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 | 689.83 | 670.30 | 904.11 | 704.83 | 745.21 | 535.56 | 137.89 | 74.24 | 44,895.00 | |||
| Inventory Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39.79 | 31.21 | 0.00 | 0.00 | |||
| Days Payable | 1,053.48 | 683.87 | ||||||||||
| Cash Conversion Cycle | 689.83 | 670.30 | 904.11 | 704.83 | 745.21 | -478.14 | -514.77 | 74.24 | 44,895.00 | |||
| Working Capital Days | 293.40 | 266.07 | 350.32 | 321.85 | 330.78 | -412.76 | -604.28 | -74.24 | 44,165.00 | |||
| ROCE % | 0.83% | 1.10% | 0.83% | 0.55% | 0.27% | -0.27% | 1.59% | -4.58% | -4.35% | -12.09% | -2.11% | -38.65% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Equity Shares Outstanding (Paid-up) shares |
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| Number of Board Meetings meetings |
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Extracted by Screener AI
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
- Company corrected AGM disclosures for preferential issue of 26,29,416 CCPS at ₹91 each, dated 22 Oct 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- We herewith submit the Compliance Certificate pursuant to Regulation 74(5) of SEBI(DP) Regulations, 2018
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Reclassification Of Shareholder From "Promoter" Category To "Public" Category
- AGM approved promoter reclassification, MD change, preferential FCCPs, preference share split, and capital alteration.
- Scrutinizer''s Report
- Voting Results Of The 51St Annual General Meeting Of The Company
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
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Business transition:[1]
The company historically traded cloth, clothing, fabrics, ceramic utensils and pottery products.
CIRP commenced in January 2023, and NCLT approved Raconteur Granite Ltd.’s resolution plan on February 29, 2024.
The plan contemplated acquiring the company as a going concern and infusing ~₹5.43 crore towards creditor payments, working capital and business development.[2] [3]