Tijaria Polypipes Ltd

AI

Tijaria Polypipes Ltd

₹ 7.38 -4.90%
16 Sep - close price
About

Tijaria Polypipes Limited is a Jaipur-based, standalone listed company historically manufacturing plastic pipes/irrigation systems under the Tijaria and Vikas brands and textile products. It was incorporated in 2006 by conversion of the partnership firm Tijaria Overseas Vinyl, established in 2000—not in 1982.[1]

Key Points

Current status vs legacy business
The company’s legacy businesses were Pipes and Textiles. The textile unit is closed, while the pipeline division has had no orders or production for a prolonged period. Bank accounts are inoperative/seized following NPA classification. Management plans to restart operations after settling lender dues and restoring funding, but this remains aspirational and unfunded.[1]

  • Market Cap 21.1 Cr.
  • Current Price 7.38
  • High / Low 9.80 / 3.55
  • Stock P/E
  • Book Value -11.8
  • Dividend Yield 0.00 %
  • ROCE -1.88 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 36.1%

* 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.

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
0.04 0.00 0.00 0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.23 0.01 0.03 0.20 0.17 0.04 0.04 0.05 0.10 0.10 0.01 0.04 0.10
Operating Profit -0.19 -0.01 -0.03 -0.09 -0.17 -0.04 -0.04 -0.05 -0.10 -0.10 -0.01 -0.04 -0.10
OPM % -475.00% -81.82%
0.02 0.04 0.03 0.08 0.13 0.05 0.06 -3.06 0.02 0.10 0.03 0.07 0.05
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.15 0.14 0.14
Depreciation 0.68 0.69 0.69 0.70 0.58 0.94 0.76 0.03 0.19 0.19 0.19 0.19 0.17
Profit before tax -0.85 -0.66 -0.69 -0.71 -0.62 -0.93 -0.74 -3.14 -0.27 -0.39 -0.32 -0.30 -0.36
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.85 -0.66 -0.69 -0.71 -0.62 -0.93 -0.74 -3.14 -0.27 -0.40 -0.33 -0.30 -0.36
EPS in Rs -0.30 -0.23 -0.24 -0.25 -0.22 -0.32 -0.26 -1.10 -0.09 -0.14 -0.12 -0.10 -0.13
Raw PDF

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
69.11 87.03 63.54 76.34 149.53 73.39 62.46 54.88 13.85 0.15 0.00 0.00 0.00
61.05 80.92 66.07 83.95 129.73 64.62 66.11 63.93 18.10 0.45 0.27 0.25 0.25
Operating Profit 8.06 6.11 -2.53 -7.61 19.80 8.77 -3.65 -9.05 -4.25 -0.30 -0.27 -0.25 -0.25
OPM % 11.66% 7.02% -3.98% -9.97% 13.24% 11.95% -5.84% -16.49% -30.69% -200.00%
5.05 0.19 -1.42 -1.06 0.67 0.36 0.91 -0.11 0.13 0.17 -2.83 0.22 0.25
Interest 8.73 9.10 7.18 7.51 7.94 6.40 6.51 8.42 2.01 0.02 0.02 0.49 0.63
Depreciation 13.53 11.80 9.78 8.23 6.34 5.20 4.76 4.13 3.32 2.76 2.31 0.76 0.74
Profit before tax -9.15 -14.60 -20.91 -24.41 6.19 -2.47 -14.01 -21.71 -9.45 -2.91 -5.43 -1.28 -1.37
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-9.15 -14.60 -20.92 -24.41 6.19 -2.46 -14.01 -21.70 -9.46 -2.92 -5.43 -1.29 -1.39
EPS in Rs -3.87 -6.18 -8.85 -10.33 2.32 -0.86 -4.89 -7.58 -3.30 -1.02 -1.90 -0.45 -0.49
Dividend Payout % 0.00% 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: 7%
5 Years: 14%
3 Years: 23%
TTM: 29%
Stock Price CAGR
10 Years: 3%
5 Years: 4%
3 Years: 10%
1 Year: 10%
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 23.63 23.63 23.63 23.63 26.72 28.63 28.63 28.63 28.63 28.63 28.63 28.63
Reserves 46.31 31.71 10.79 -11.84 -5.37 -7.73 -21.66 -43.35 -52.78 -55.70 -61.13 -62.42
62.07 64.63 67.23 69.90 54.12 50.76 65.88 69.15 76.36 72.41 77.40 72.82
13.54 10.87 13.36 30.23 35.10 24.14 24.02 13.27 9.32 9.18 9.58 9.74
Total Liabilities 145.55 130.84 115.01 111.92 110.57 95.80 96.87 67.70 61.53 54.52 54.48 48.77
75.67 65.41 57.71 47.13 39.19 34.52 33.56 28.79 25.31 22.55 17.12 16.36
CWIP 1.25 1.36 0.00 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
68.63 64.07 57.30 64.79 71.38 61.28 63.18 38.91 36.22 31.97 37.36 32.41
Total Assets 145.55 130.84 115.01 111.92 110.57 95.80 96.87 67.70 61.53 54.52 54.48 48.77

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
11.83 6.00 -4.39 5.80 14.92 8.53 -3.40 2.15 -5.33 3.88 -5.16 5.01
11.01 -1.69 -0.72 -0.02 3.44 -0.20 -3.58 0.58 0.17 0.05 0.14 0.06
-22.14 -5.15 6.63 -5.55 -20.35 -7.68 8.60 -5.14 5.20 -3.98 4.98 -5.06
Net Cash Flow 0.70 -0.85 1.51 0.22 -1.99 0.65 1.62 -2.41 0.04 -0.05 -0.04 0.00
Free Cash Flow 22.84 4.31 -5.12 5.38 17.51 8.03 -7.30 2.57 -5.21 3.88 -5.16 5.01
CFO/OP 147% 98% 174% -76% 75% 97% 93% -24% 125% -1,293% 1,911% -2,004%

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 167.26 103.97 152.86 163.47 136.04 198.19 218.50 167.67 659.90 60,784.67
Inventory Days 190.53 168.43 147.34 85.65 29.43 100.16 109.28 39.39 11.91 997.67
Days Payable 85.09 46.37 71.98 161.85 116.40 175.15 114.50 72.58 167.97 16,863.00
Cash Conversion Cycle 272.71 226.03 228.22 87.27 49.07 123.19 213.27 134.49 503.84 44,919.33
Working Capital Days 67.66 15.81 57.79 -31.08 34.20 80.12 153.69 67.91 324.15 30,343.67
ROCE % -3.35% -4.29% -10.73% -16.85% 18.22% 5.36% -10.44% -20.41% -13.88% -5.88% -5.05% -1.88%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Aug 2023
Number of permanent employees on rolls
count

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Pipes segment share of segment revenue
% of total segment revenue
Installed capacity - HDPE pipes
MT per month
Installed capacity - Mink blankets
MT per month
Installed capacity - PVC pipes
MT per month

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
35.17% 35.17% 35.17% 35.17% 35.17% 35.17% 35.27% 35.27% 35.27% 35.27% 36.07% 36.14%
0.00% 0.00% 3.42% 6.13% 6.10% 5.66% 5.10% 4.61% 3.84% 1.55% 0.00% 0.00%
25.05% 25.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
39.79% 39.79% 61.41% 58.69% 58.74% 59.18% 59.64% 60.13% 60.91% 63.20% 63.92% 63.86%
No. of Shareholders 8,5208,69610,61510,20310,80111,08711,48511,54611,58211,67812,25112,268

* 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.

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