Malpani Pipes & Fittings Ltd
Incorporated in 2017, Malpani Pipes and Fittings Limited is engaged in manufacturing high-grade plastic pipes.[1]
- Market Cap ₹ 66.9 Cr.
- Current Price ₹ 62.1
- High / Low ₹ 85.9 / 48.1
- Stock P/E 7.41
- Book Value ₹ 51.7
- Dividend Yield 0.00 %
- ROCE 20.3 %
- ROE 17.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 35 | 82 | 141 | 141 | 163 | |
| 33 | 78 | 128 | 126 | 147 | |
| Operating Profit | 2 | 4 | 13 | 15 | 16 |
| OPM % | 5% | 5% | 9% | 10% | 10% |
| 0 | 0 | 0 | 1 | 1 | |
| Interest | 1 | 1 | 3 | 3 | 4 |
| Depreciation | 0 | 0 | 1 | 1 | 2 |
| Profit before tax | 1 | 3 | 10 | 11 | 12 |
| Tax % | 25% | 25% | 27% | 26% | 26% |
| 1 | 2 | 7 | 8 | 9 | |
| EPS in Rs | 4.61 | 10.78 | 30.33 | 7.49 | 8.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 63% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 27% |
| Last Year: | 18% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 11 | 11 |
| Reserves | 2 | 4 | 12 | 36 | 45 |
| 9 | 20 | 30 | 30 | 22 | |
| 9 | 14 | 16 | 36 | 44 | |
| Total Liabilities | 21 | 39 | 61 | 112 | 122 |
| 2 | 7 | 7 | 12 | 19 | |
| CWIP | 5 | 0 | 3 | 3 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 15 | 32 | 51 | 97 | 103 | |
| Total Assets | 21 | 39 | 61 | 112 | 122 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0 | -6 | -8 | -14 | 16 | |
| -6 | -1 | -4 | -6 | -5 | |
| 5 | 9 | 10 | 20 | -11 | |
| Net Cash Flow | 0 | 2 | -2 | 0 | -0 |
| Free Cash Flow | -4 | -7 | -12 | -20 | 11 |
| CFO/OP | 35% | -113% | -40% | -77% | 113% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 66 | 27 | 30 | 129 | 99 |
| Inventory Days | 58 | 91 | 91 | 117 | 129 |
| Days Payable | 66 | 41 | 32 | 96 | 104 |
| Cash Conversion Cycle | 58 | 77 | 88 | 150 | 125 |
| Working Capital Days | 19 | 12 | 27 | 94 | 95 |
| ROCE % | 22% | 36% | 23% | 20% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Capacity Utilization % |
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| Installed Capacity MTPA |
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| Order Book INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Copy of newspaper advertisement with respect to completion of dispatch of notice of 9th AGM
-
Notice Of 9Th Annual General Meeting
- 9th AGM on September 29, 2026; shareholders to adopt FY26 accounts, reappoint Mohit Malpani, ratify cost auditor fee.
- Reg. 34 (1) Annual Report.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Board appointed cost auditor, approved annual report, and fixed 9th AGM on September 29, 2026.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. On September 01, 2026
- Board met on September 1, 2026; appointed cost auditor, approved annual report, and called AGM on September 29, 2026.
** Business Overview[1]
Malpani Pipes & Fittings Limited, ISO 9001:2015 certified and based in Ratlam, Madhya Pradesh, manufactures and trades high-grade plastic pipes and granules. The company offers HDPE, MDPE, LLDPE, Sprinkler, and Drip Pipes, serving various sectors, including irrigation, water supply, sewerage, drainage, and infrastructure. Products are marketed under the "Volstar" **brand.