Malpani Pipes & Fittings Ltd
Incorporated in 2017, Malpani Pipes and Fittings Limited is engaged in manufacturing high-grade plastic pipes.[1]
- Market Cap ₹ 64.1 Cr.
- Current Price ₹ 59.5
- High / Low ₹ 87.9 / 55.3
- Stock P/E 7.10
- Book Value ₹ 51.7
- Dividend Yield 0.00 %
- ROCE 20.3 %
- ROE 17.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.15 times its book value
- 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: | -25% |
| 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 2017 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Capacity Utilization % |
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| Geographic Presence (States & UTs) Number |
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| Number of Dealers Number |
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| Number of Distributors Number |
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| Order Book INR Crores |
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| Solar Power Capacity kWp |
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Extracted by Screener AI
Documents
Announcements
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Audited Financial Results For Half Year And Year Ended On March 31 2026.
28 May - Board approved FY26 audited results and 100% acquisition of Terex Industries for Rs 395.70 lakh.
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Announcement under Regulation 30 (LODR)-Acquisition
28 May - Board approved FY26 audited results and acquisition of Terex Industries for Rs 395.70 lakh.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. On May 28 2026
28 May - Board approved FY26 audited results and acquisition of Terex Industries for Rs 395.70 lakh on May 28, 2026.
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Approved An Acquisition Of 100% Equity Shares Of M/S. Terex Industries Private Limited
28 May - Board approved audited FY26 results and acquisition of 100% of Terex Industries for Rs 395.70 lakh.
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Board Meeting Intimation for Meeting To Be Held On Thursday, May 28, 2026
18 May - Board meeting on May 28, 2026 to approve audited standalone results for H2 and FY ended March 31, 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.