Swastik Pipe Ltd

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Swastik Pipe Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Swastik Pipe Ltd

₹ 15.7 -4.85%
22 Oct - close price
swastikpipes.com NSE - SME: SWASTIK
About

Incorporated in 1973, Swastik Pipe Ltd is a manufacturer and exporter of ERW Black and Galvanized Pipes, Line Pipes,
and Tubes[1]

Key Points

Business Overview:[1]
SPL is an APIQ1 and ISO 9001:2000 certified manufacturer
and exporter of T.T. Swastik Brand high-quality Mild Steel /Carbon steel ERW Black and Galvanized pipes /Tubes in
various shapes and sizes such as square, round, rectangular, triangular, and elliptical or any special shapes

Website NSE - ST
  • Market Cap ₹ 36.5 Cr.
  • Current Price ₹ 15.7
  • High / Low ₹ 32.4 / 12.5
  • Stock P/E
  • Book Value ₹ 64.0
  • Dividend Yield 0.00 %
  • ROCE -20.8 %
  • ROE -37.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.25 times its book value
  • Company's working capital requirements have reduced from 55.8 days to 28.6 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.74% over past five years.
  • Company has a low return on equity of -11.4% over last 3 years.
  • Promoters have pledged 38.1% of their holding.

* 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 Iron & Steel Products

Part of Nifty SME Emerge

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Half Yearly Results

Figures in Rs. Crores

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
282 327 313 398 363 366 367 380 240 146
269 314 305 379 346 354 351 377 252 202
Operating Profit 13 13 8 19 17 12 15 4 -11 -56
OPM % 4.6% 3.9% 2.6% 4.8% 4.7% 3.2% 4.2% 0.9% -4.7% -38%
1 18 3 3 0 1 0 1 11 5
Interest 9 10 8 8 9 8 10 13 13 8
Depreciation 2 2 2 2 3 3 2 3 3 3
Profit before tax 2 19 1 12 6 1 3 -13 -16 -63
Tax % -108% -19% 29% 25% 25% 27% 25% -24% -38% -23%
5 23 0 9 4 1 2 -10 -10 -48
EPS in Rs 3.16 13.55 0.27 3.71 1.76 0.44 0.99 -4.09 -4.17 -20.61
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
444 504 721 653 519 607 709 728 728 386
426 483 691 644 491 581 682 699 713 453
Operating Profit 18 20 30 10 28 26 27 29 14 -67
OPM % 4.1% 4.0% 4.1% 1.5% 5% 4.2% 3.9% 4.0% 2.0% -17%
1 4 5 3 2 19 6 1 5 16
Interest 12 15 25 29 23 19 16 18 24 21
Depreciation 2 2 4 4 4 4 5 5 6 6
Profit before tax 6 7 6 -21 2 22 12 7 -9 -78
Tax % 34% 38% 26% -33% 35% 6% 26% 26% -24% -26%
4 4 5 -14 1 20 9 5 -7 -58
EPS in Rs 4.14 4.55 4.25 -12.63 1.35 12.02 3.90 2.21 -3.11 -24.78
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -6%
3 Years: -18%
TTM: -47%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -812%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -49%
1 Year: -47%
Return on Equity
10 Years: %
5 Years: -6%
3 Years: -11%
Last Year: -37%

Balance Sheet

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 8 8 9 9 9 17 23 23 23 23
Reserves 30 34 84 71 72 125 185 190 183 125
73 85 200 197 196 114 111 113 126 152
43 40 62 60 59 86 77 121 193 45
Total Liabilities 155 168 356 337 336 341 396 447 525 346
27 31 73 73 71 68 71 80 85 86
CWIP 3 3 0 0 0 2 3 4 2 1
Investments 0 0 0 0 0 0 0 0 0 0
125 134 283 263 265 272 322 363 438 258
Total Assets 155 168 356 337 336 341 396 447 525 346

Cash Flows

Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-23 36 25 47 -22 26 24 -21
-2 -4 -2 14 -8 -15 -8 4
8 -32 -24 -61 38 -16 -10 5
Net Cash Flow -17 -0 -0 -0 8 -5 6 -12
Free Cash Flow -25 31 23 61 -31 10 15 -18
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -71% 374% 92% 183% -80% 86% 169% 29%

Ratios

Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 27 35 65 69 104 88 84 83 91 107
Inventory Days 75 53 58 57 56 47 46 60 71 47
Days Payable 30 25 26 29 39 49 37 58 98 34
Cash Conversion Cycle 72 63 98 97 121 87 94 85 65 121
Working Capital Days 68 67 40 29 54 57 82 76 63 29
ROCE % 19% 3% 9% 9% 10% 8% 4% -21%

Insights

In beta
Mar 2015 Jun 2016 Aug 2019 Oct 2020 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Pipes Revenue Share (of manufactured goods sales)
%

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Cold Rolled Strips/Coils/HRPO Sheet Production Volume
MT
Installed Capacity - CR Coils/Strips
MT
Installed Capacity - Steel Pipes
MT
Steel Pipes & Tubes/Structures Production Volume
MT
Number of Dealers & Distributors
count
Overall Capacity Utilization (% of Installed Capacity)
%
Top 10 Customer Concentration
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026Sep 2026
64.51% 64.51% 64.51% 64.51% 64.51% 64.51% 64.51% 64.51%
0.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.36% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00%
35.15% 35.13% 35.33% 35.49% 35.49% 35.49% 35.49% 35.49%
No. of Shareholders 1,2279411,2281,4031,3611,3911,3191,282

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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