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 ₹ 321 Cr.
- Current Price ₹ 183
- High / Low ₹ 183 / 90.2
- Stock P/E
- Book Value ₹ 0.11
- Dividend Yield 0.00 %
- ROCE -38.7 %
- ROE %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 1,607 times its book value
- Company has low interest coverage ratio.
- 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: | 176% |
| 3 Years: | 540% |
| 1 Year: | 103% |
| 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 | 0.14 | 0.05 | |
| Total Liabilities | 5.95 | 6.04 | 6.31 | 5.79 | 5.85 | 5.84 | 10.25 | 20.76 | 2.13 | 3.34 | 3.50 | 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 | 2.70 | 0.97 | |
| Total Assets | 5.95 | 6.04 | 6.31 | 5.79 | 5.85 | 5.84 | 10.25 | 20.76 | 2.13 | 3.34 | 3.50 | 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 | -0.37 | -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 | 0.32 | 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 | -0.37 | -0.72 |
| CFO/OP | -343% | 245% | 500% | 2,500% | 1,600% | -136% | -1,103% | 4,329% | 787% | 195% | 84% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | -38.74% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Number of Board Meetings meetings |
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| Total Equity Shares Outstanding (Paid-up) shares |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication of the Notice of 51st Annual General Meeting of the Company
- Corporate Action- Book Closure For The Purpose Of AGM
- Intimation Of 51St Annual General Meeting
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Reg. 34 (1) Annual Report.
- Pipan Oils issued FY26 annual report; AGM on 30 Sep 2026 proposes MD change, ₹100 crore convertible loans, CCPS issue.
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Announcement under Regulation 30 (LODR)-Preferential Issue
- Board approved 23.93 Cr CCPS preferential issue, 5:1 preference share split, and up to Rs100 crore convertible loans.
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]