---
title: "Primuss Pipes & Tubes Ltd (513291) — Share Price, Financials & Analysis"
symbol: "513291"
company: "Primuss Pipes & Tubes Ltd"
canonical: "https://tapetide.com/stocks/513291"
isin: "INE448N01024"
bse_code: "513291"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T19:43:20.324Z"
---

# Primuss Pipes & Tubes Ltd (513291)

Canonical page: https://tapetide.com/stocks/513291

## Company

- **BSE Code:** 513291
- **ISIN:** INE448N01024
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2017-03-30
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** premierpipesltd.com

## About

Premier Pipes Limited is desires to strengthen its position as the leader in pipes manufacturing in the steel industry.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.14 times its book value
- Debtor days have improved from 48.7 to 29.2 days.
- Company's working capital requirements have reduced from 66.5 days to 23.6 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 6.33% over last 3 years.
- Contingent liabilities of Rs.4.51 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | — | 48% | 28% |
| revenue growth | -53% | 66% | 37% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 17 | 23 | 30 | 41 | 45 | 37 | 36 | 39 | 31 | 37 | 5 | 2 |
| Expenses | 17 | 22 | 29 | 40 | 44 | 36 | 35 | 38 | 30 | 36 | 4 | 14 |
| Operating Profit | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | -12 |
| OPM % | -1.6 | 6 | 3.5 | 2.9 | 2.6 | 2.4 | 3.2 | 2.4 | 4 | 2.4 | 18 | -531 |
| Other Income | 1 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13 |
| Tax % | 78 | 26 | 24 | 20 | 30 | 27 | 28 | 11 | 52 | 27 | 33 | 0 |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13 |
| EPS in Rs | 0.03 | 0.37 | 0.2 | 0.66 | 0.3 | 0.31 | 0.42 | 0.55 | 0.18 | 0.31 | 0.03 | -17.79 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 39 | 20 | 30 | 29 | 34 | 31 | 41 | 140 | 143 | 74 |
| Expenses | 37 | 19 | 29 | 29 | 33 | 30 | 40 | 136 | 138 | 83 |
| Operating Profit | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 4 | 4 | -9 |
| OPM % | 3.4 | 6 | 3 | 1.7 | 3.6 | 4.5 | 2.7 | 2.6 | 2.9 | -12 |
| Other Income | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | -12 |
| Tax % | 14 | 21 | -4 | 20 | 31 | 30 | 44 | 27 | 31 | — |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | -12 |
| EPS in Rs | 0.34 | 0.21 | 0.38 | 0.39 | 0.38 | 0.42 | 0.32 | 1.44 | 1.38 | -17.27 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 9 | 10 | 10 |
| Borrowings | 10 | 11 | 10 | 8 | 10 | 10 | 19 | 23 | 26 | 27 |
| Other Liabilities | 4 | 2 | 3 | 3 | 3 | 2 | 8 | 10 | 15 | 12 |
| Total Liabilities | 24 | 24 | 24 | 21 | 23 | 23 | 38 | 45 | 54 | 52 |
| Fixed Assets | 5 | 5 | 5 | 4 | 4 | 4 | 6 | 7 | 7 | 7 |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 18 | 19 | 19 | 17 | 19 | 20 | 32 | 38 | 47 | 45 |
| Total Assets | 24 | 24 | 24 | 21 | 23 | 23 | 38 | 45 | 54 | 52 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5 | 0 | 0 | 1 | 2 | -3 | -1 | -6 | 6 | 1 |
| Cash from Investing Activity | -2 | -3 | 0 | 1 | 1 | 1 | 0 | -2 | -3 | 0 |
| Cash from Financing Activity | -3 | 3 | 0 | -1 | -2 | 2 | 0 | 9 | -5 | 0 |
| Net Cash Flow | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | -1 | 1 |
| Free Cash Flow | 3 | -3 | 0 | 1 | 2 | -3 | -1 | -9 | 6 | 1 |
| CFO/OP | -94 | 10 | -89 | -33 | 452 | -224 | -42 | -581 | 178 | 31 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 309 | 38 | 56 | 69 | 54 | 47 | 79 | 83 | 34 | 29 |
| Inventory Days | 290 | 80 | 56 | 32 | 22 | 30 | 25 | 133 | 46 | 46 |
| Days Payable | 140 | 14 | 37 | 33 | 31 | 22 | 21 | 45 | 17 | 27 |
| Cash Conversion Cycle | 459 | 104 | 75 | 67 | 45 | 55 | 84 | 171 | 63 | 48 |
| Working Capital Days | 607 | 85 | 73 | 84 | 75 | 77 | 84 | 142 | 33 | 24 |
| ROCE % | 26 | 5 | 6 | 7 | 6 | 7 | 8 | 6 | 11 | 11 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 13.33% | 13.95% | 13.95% | 13.95% | 13.95% |
| Public | 86.67% | 86.05% | 86.05% | 86.05% | 86.05% |
| No. of Shareholders | 5266 | 5277 | 5277 | 5280 | 5291 |

### Quarterly

| Category | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 13.31% | 13.95% | 13.95% | 13.95% | 13.95% | 13.95% | 13.95% | 13.95% | 13.95% | 13.95% | 13.95% | 13.95% |
| Public | 86.69% | 86.05% | 86.05% | 86.05% | 86.05% | 86.05% | 86.05% | 86.05% | 86.05% | 86.05% | 86.05% | 86.05% |
| No. of Shareholders | 5274 | 5275 | 5277 | 5277 | 5276 | 5272 | 5277 | 5293 | 5284 | 5281 | 5280 | 5291 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 4 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1611.57 | Sell |
| EMA (10) | 1574.08 | Sell |
| SMA (20) | 1646.05 | Sell |
| EMA (20) | 1591.18 | Sell |
| SMA (50) | 1555.5 | Sell |
| EMA (50) | 1553.33 | Sell |
| SMA (100) | 1464.09 | Buy |
| EMA (100) | 1460.94 | Buy |
| SMA (200) | 1274.3 | Buy |
| EMA (200) | 1279.39 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.35 | Neutral |
| MACD (12,26,9) | -4.37 | Sell |
| Stochastic (14,3,3) | 17.38 | Buy |
| ADX (14) | 22.56 | Neutral |
| Williams %R (14) | -80.46 | Buy |
| ATR (14) | 90.17 | High Volatility |
| ROC (12) | -9.68 | Sell |
| Stoch RSI (14) | 11.11 | Buy |
| UO (7,14,28) | 39.02 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2022-06-23 | [Initiation of CIRP Process](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12038BB1-DFE0-406F-BC13-F897B87E9DCB-162306.pdf) |
| 2021-09-21 | [Initiation of CIRP](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63C525CC-A669-48FE-B83F-2E77968E799B-115306.pdf) |
| 2020-09-09 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6a17826-d3b8-40ca-a4a4-7429485d6efe.pdf) |
| 2020-07-31 | [Delay In Submission/Publication Of Financial Results For The Quarter/Half Year/Financial Year Ended March 31, 2020.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03a289c6-b38d-4123-82a9-249e05fcfbdd.pdf) |
| 2020-07-28 | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c4c14bd-68f1-4e5a-b2b6-ba962b8ec58c.pdf) |
| 2020-05-30 | [Certificate From Practicing Company Secretary Under Regulation 40(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2de43ae2-fc39-44fb-ba5b-f68cf187d695.pdf) |
| 2020-05-15 | [Compliance Certificate For The Half Year Ended March 31, 2020.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f87bea55-94e2-40ac-8f04-0085072665f9.pdf) |
| 2020-02-21 | [Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2019.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fd4863d-72be-402d-a407-f026fcc89146.pdf) |
| 2020-02-14 | [Board Meeting Intimation for Adjournment Of Board Meeting Scheduled To Be Held Today I.E. 14Th February 2020 For Want Of Quorum.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=886f7fcd-88f0-47bd-bcce-2160a2e004cd.pdf) |
| 2020-02-06 | [Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results For The Quarter Ended December 31, 2019.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8632bc81-4cf4-4f3c-9540-aa2357df14c2.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep 2020 - Mr. Vaibhav Shukla, Company Secretary and Compliance Officer of the Company has tendered his resignation. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 9 Sep 2020 - Mr. Vaibhav Shukla, Company Secretary and Compliance Officer of the Company has tendered his resignation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6a17826-d3b8-40ca-a4a4-7429485d6efe.pdf) |
| 28 Jul 2020 - Mr. Arun Kumar Shrivastava has resigned from the office of Chief Financial Officer of the Company w.e.f. July 27,2020. | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 28 Jul 2020 - Mr. Arun Kumar Shrivastava has resigned from the office of Chief Financial Officer of the Company w.e.f. July 27,2020.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0c4c14bd-68f1-4e5a-b2b6-ba962b8ec58c.pdf) |
| 21 Sep 2021 - Copy of NCLT order received from Interim Resolution Professional. | [Initiation of CIRP 21 Sep 2021 - Copy of NCLT order received from Interim Resolution Professional.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63C525CC-A669-48FE-B83F-2E77968E799B-115306.pdf) |
| — | [Initiation of CIRP Process 23 Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12038BB1-DFE0-406F-BC13-F897B87E9DCB-162306.pdf) |
| — | [Delay In Submission/Publication Of Financial Results For The Quarter/Half Year/Financial Year Ended March 31, 2020. 31 Jul 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03a289c6-b38d-4123-82a9-249e05fcfbdd.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/513291/5132910319.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/513291/5132910317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/513291/5132910316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/513291/5132910315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/513291/5132910314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/513291/5132910313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/513291/5132910312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/513291/5132910311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/513291/5132910310.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:43:20.324Z.