---
title: "Srikalahasthi Pipes Ltd(Merged) (SRIPIPES) — Share Price, Financials & Analysis"
symbol: "SRIPIPES"
company: "Srikalahasthi Pipes Ltd(Merged)"
canonical: "https://tapetide.com/stocks/SRIPIPES"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:56:20.999Z"
---

# Srikalahasthi Pipes Ltd(Merged) (SRIPIPES)

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

## Company

- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** srikalahasthipipes.com

## About

Srikalahasti Pipes Ltd is one of the leading players in the DI pipe industry in India and was established in 1991. Its key products include DI Pipes, Pig Iron, Coke & and Cement. Srikalahasti Pipes has a backward integrated manufacturing facility which includes a sinter plant, coke oven plant, power plant and a Sewage Treatment facilities in the same complex spread over 330 acres. Some of its marquee clients are Larsen & Toubro, NCC Limited, Indian Hume Pipes Ltd. [1]

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.61 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 22.8%
- Debtor days have improved from 81.8 to 54.8 days.
- Company's working capital requirements have reduced from 53.8 days to 34.0 days

### Weaknesses

- The company has delivered a poor sales growth of 5.57% over past five years.
- Company has a low return on equity of 10.1% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 22% | -10% | -8% |
| revenue growth | 23% | -2% | 6% |

## Financial Statements

### Quarterly Results

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

| Item | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 397 | 409 | 361 | 457 | 446 | 398 | 204 | 397 | 427 | 475 | 437 | 439 |
| Expenses | 341 | 358 | 304 | 395 | 373 | 331 | 206 | 355 | 351 | 410 | 369 | 378 |
| Operating Profit | 56 | 51 | 57 | 63 | 73 | 67 | -2 | 42 | 76 | 65 | 68 | 61 |
| OPM % | 14 | 12 | 16 | 14 | 16 | 17 | -0.8 | 11 | 18 | 14 | 16 | 14 |
| Other Income | 9 | 13 | 12 | 17 | 14 | 21 | 15 | 16 | 14 | 10 | 9 | 9 |
| Interest | 11 | 7 | 9 | 13 | 12 | 14 | 13 | 12 | 12 | 9 | 8 | 8 |
| Depreciation | 9 | 9 | 10 | 10 | 10 | 10 | 11 | 12 | 12 | 12 | 12 | 13 |
| Profit before tax | 45 | 47 | 50 | 57 | 65 | 64 | -10 | 34 | 67 | 55 | 57 | 48 |
| Tax % | 31 | 24 | 34 | 37 | -4 | 21 | -24 | 28 | 30 | 27 | 24 | 26 |
| Net Profit | 31 | 36 | 33 | 36 | 68 | 51 | -8 | 25 | 47 | 40 | 43 | 36 |
| EPS in Rs | 6.67 | 7.67 | 7.15 | 7.69 | 14.49 | 10.86 | -1.69 | 5.35 | 10.02 | 8.52 | 9.25 | 7.67 |

### Profit & Loss

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 864 | 989 | 1084 | 1146 | 1178 | 1587 | 1559 | 1663 | 1503 | 1778 |
| Expenses | 813 | 872 | 897 | 879 | 941 | 1345 | 1372 | 1403 | 1322 | 1508 |
| Operating Profit | 51 | 117 | 187 | 267 | 237 | 242 | 187 | 260 | 181 | 270 |
| OPM % | 6 | 12 | 17 | 23 | 20 | 15 | 12 | 16 | 12 | 15 |
| Other Income | 10 | 7 | 7 | 20 | 30 | 37 | 51 | 64 | 56 | 43 |
| Interest | 60 | 55 | 44 | 42 | 39 | 43 | 40 | 46 | 46 | 37 |
| Depreciation | 22 | 28 | 31 | 35 | 37 | 35 | 37 | 41 | 46 | 48 |
| Profit before tax | -21 | 41 | 119 | 210 | 191 | 201 | 160 | 237 | 145 | 227 |
| Tax % | -39 | 7 | 31 | 26 | 27 | 27 | 27 | 21 | 29 | — |
| Net Profit | -13 | 39 | 82 | 155 | 140 | 147 | 118 | 188 | 104 | 166 |
| EPS in Rs | -3.29 | 9.72 | 20.65 | 39.03 | 35.23 | 31.56 | 25.17 | 40.19 | 22.19 | 35.46 |
| Dividend Payout % | 0 | 15 | 15 | 13 | 17 | 19 | 24 | 17 | 27 | — |

### Balance Sheet

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

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 47 | 47 | 47 | 47 | 47 |
| Reserves | 154 | 186 | 254 | 658 | 774 | 1132 | 1216 | 1369 | 1440 | 1491 |
| Borrowings | 467 | 450 | 429 | 445 | 487 | 442 | 385 | 553 | 300 | 448 |
| Other Liabilities | 245 | 342 | 249 | 239 | 256 | 275 | 537 | 410 | 534 | 612 |
| Total Liabilities | 906 | 1018 | 971 | 1381 | 1557 | 1896 | 2185 | 2379 | 2322 | 2598 |
| Fixed Assets | 441 | 435 | 487 | 799 | 909 | 836 | 859 | 927 | 926 | 1064 |
| CWIP | 17 | 20 | 9 | 19 | 6 | 30 | 24 | 40 | 172 | 63 |
| Investments | 0 | 0 | 0 | 147 | 153 | 213 | 0 | 0 | 157 | 10 |
| Other Assets | 447 | 563 | 475 | 415 | 489 | 816 | 1302 | 1411 | 1067 | 1461 |
| Total Assets | 906 | 1018 | 971 | 1381 | 1557 | 1896 | 2185 | 2379 | 2322 | 2598 |

### Cash Flow

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

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -14 | 185 | 145 | 158 | 200 | 185 | 114 | 239 | -125 | 549 |
| Cash from Investing Activity | -66 | -106 | -25 | -73 | -201 | -137 | -16 | -53 | -190 | -107 |
| Cash from Financing Activity | 71 | -83 | -72 | -82 | -33 | -15 | 49 | -131 | 65 | -334 |
| Net Cash Flow | -9 | -4 | 48 | 3 | -34 | 33 | 148 | 55 | -249 | 108 |
| Free Cash Flow | -80 | 79 | 120 | 84 | 161 | 52 | 128 | 184 | -230 | 406 |
| CFO/OP | -21 | 361 | 118 | 71 | 92 | 95 | 65 | 146 | -25 | 323 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 57 | 50 | 55 | 63 | 66 | 44 | 77 | 72 | 119 | 55 |
| Inventory Days | 222 | 129 | 148 | 82 | 85 | 142 | 87 | 147 | 142 | 140 |
| Days Payable | 85 | 65 | 122 | 63 | 37 | 57 | 36 | 132 | 90 | 133 |
| Cash Conversion Cycle | 194 | 115 | 80 | 82 | 114 | 129 | 128 | 86 | 171 | 62 |
| Working Capital Days | -13 | -36 | -32 | -2 | -19 | -39 | 14 | 52 | 76 | 34 |
| ROCE % | 8 | 6 | 14 | 23 | 27 | 19 | 16 | 12 | 16 | 10 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 50.78% | 43.24% | 47.67% | 48.15% | 48.15% | 48.15% |
| FIIs | 0% | 5.14% | 0.95% | 5% | 17.85% | 18.37% |
| DIIs | 4.89% | 14.02% | 14.94% | 10.82% | 4.45% | 3.61% |
| Government | 0.61% | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Public | 43.71% | 37.07% | 35.92% | 35.51% | 29.04% | 29.35% |
| No. of Shareholders | 28460 | 31573 | 31767 | 32774 | 35690 | 36544 |

### Quarterly

| Category | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 44% | 47.67% | 47.83% | 47.83% | 48.11% | 48.15% | 48.15% | 48.15% | 48.15% | 48.15% | 48.15% | 48.15% |
| FIIs | 4.37% | 0.95% | 1.77% | 2.42% | 2.69% | 5% | 7.93% | 8.88% | 12.6% | 17.85% | 17.86% | 18.37% |
| DIIs | 15.06% | 14.94% | 12.6% | 11.73% | 11.45% | 10.82% | 10.98% | 8.64% | 4.56% | 4.45% | 3.56% | 3.61% |
| Government | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Public | 36.05% | 35.92% | 37.27% | 37.49% | 37.23% | 35.51% | 32.42% | 33.81% | 34.17% | 29.04% | 29.91% | 29.35% |
| No. of Shareholders | 33790 | 31767 | 31483 | 31204 | 30652 | 32774 | 33211 | 37806 | 37395 | 35690 | 36943 | 36544 |

## Filings & Documents

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98de6248-c419-4a75-844f-326e0f9a0826.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/98de6248-c419-4a75-844f-326e0f9a0826.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=750c80d2-128f-4d07-8cdf-2df56f0bbdea.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/750c80d2-128f-4d07-8cdf-2df56f0bbdea.pdf) |
| Mar 2017 | [Concall - Mar 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab519382-d5f1-4d91-a83c-cd0f82196a44.pdf) |
| Mar 2017 | [Concall - Mar 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/3/ab519382-d5f1-4d91-a83c-cd0f82196a44.pdf) |
| Mar 2016 | [Concall - Mar 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=117A8232_9F71_441A_ABBB_FF10A272F273_173913.pdf) |
| Jun 2020 | [Concall - Jun 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8406537b-7a96-4fc3-959b-d50d32bf0d0a.pdf) |
| Jun 2020 | [Concall - Jun 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8406537b-7a96-4fc3-959b-d50d32bf0d0a.pdf) |
| Jul 2016 | [Concall - Jul 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98996981_BBC0_4BE2_931F_645DE155964F_100350.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_LANCOIN_2011_2012_18092012095513.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_LANCOIN_2010_2011_16122011100725.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_LANCOIN_2009_2010_20082010120000.zip) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/513605/68966513605.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/513605/5136050320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/513605/5136050319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/513605/5136050318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/513605/5136050317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/513605/5136050316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/513605/5136050315.pdf) |

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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 2026-09-13T18:56:20.999Z.