Malpani Pipes & Fittings Ltd
Incorporated in 2017, Malpani Pipes and Fittings Limited is engaged in manufacturing high-grade plastic pipes.[1]
- Market Cap ₹ 84.4 Cr.
- Current Price ₹ 78.4
- High / Low ₹ 90.0 / 54.9
- Stock P/E 10.5
- Book Value ₹ 43.3
- Dividend Yield 0.00 %
- ROCE 23.1 %
- ROE 26.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.2%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 62.0 to 129 days.
- Working capital days have increased from 44.2 days to 93.6 days
* 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
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
35 | 82 | 141 | 141 | |
33 | 78 | 128 | 126 | |
Operating Profit | 2 | 4 | 13 | 15 |
OPM % | 5% | 5% | 9% | 10% |
0 | 0 | 0 | 1 | |
Interest | 1 | 1 | 3 | 3 |
Depreciation | 0 | 0 | 1 | 1 |
Profit before tax | 1 | 3 | 10 | 11 |
Tax % | 25% | 25% | 26% | 26% |
1 | 2 | 7 | 8 | |
EPS in Rs | 4.61 | 10.78 | 30.45 | 7.49 |
Dividend Payout % | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 59% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 109% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 38% |
Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
Equity Capital | 2 | 2 | 2 | 11 |
Reserves | 2 | 4 | 12 | 36 |
9 | 20 | 30 | 30 | |
9 | 14 | 16 | 36 | |
Total Liabilities | 21 | 39 | 61 | 112 |
2 | 7 | 7 | 12 | |
CWIP | 5 | 0 | 3 | 3 |
Investments | 0 | 0 | 0 | 0 |
15 | 32 | 51 | 97 | |
Total Assets | 21 | 39 | 61 | 112 |
Cash Flows
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
0 | -6 | -6 | -14 | |
-6 | -1 | -7 | -6 | |
5 | 9 | 10 | 20 | |
Net Cash Flow | 0 | 2 | -2 | 0 |
Ratios
Figures in Rs. Crores
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
Debtor Days | 66 | 27 | 30 | 129 |
Inventory Days | 58 | 91 | 91 | 117 |
Days Payable | 66 | 41 | 32 | 96 |
Cash Conversion Cycle | 58 | 77 | 88 | 150 |
Working Capital Days | 19 | 12 | 27 | 94 |
ROCE % | 22% | 36% | 23% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Aug - Malpani Pipes secures BSNL certification, wins 242 km PLB Duct Pipes order for telecom projects.
-
Quarterly Sales Update - Q1 FY 2025-26
1 Aug - Q1 FY26 revenue up 44% to ₹3752.86 Lakhs, driven by operational gains and govt infrastructure demand.
-
Intimation Of Appointment Of Investors Relations Agency Of The Company
1 Aug - Appointed Merlin Capital Advisors as investor relations agency to enhance communication and transparency.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jul - Certificate confirming all shares dematerialized; no rematerialization requests for Q1 FY2026.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
10 Jun - Investor Presentation on strong HY2 FY2024-25 Performance
Annual reports
No data available.
Concalls
-
Jun 2025TranscriptNotesPPT
** 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.