Swastik Pipe
Swastik Pipe (SWASTIK) share price was ₹15.45 at the 28 Oct 2026 close; market capitalisation ₹35.89 Cr; sector Industrial Products. The share price fell 50.5% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue fell 61.6% year on year to ₹146 Cr and net profit was −₹48 Cr, against −₹10 Cr a year earlier (compared with Mar 2025). Promoters held 64.51% of Swastik Pipe in Sep 2026, unchanged from Mar 2026. Its Tapetide Score is 34/100 (Poor) as of 28 Oct 2026.
Key Fundamentals
SMEIndustrial ProductsCapital GoodsPrice-based figures as of 29 Oct 2026, 10:02 IST · TTM
Peer Comparison
Industrials › Industrial Products › Iron & Steel Products
| ₹2,584.00 | 29.51 | 68,164 Cr | 7.44 | 0.20% | 17.23% | 19.52% | 18,378 Cr | 2,319 Cr | |
| ₹2,229.00 | 50.35 | 61,890 Cr | 10.78 | 0.38% | 22.71% | 28.21% | 24,268 Cr | 1,229 Cr | |
| ₹1,156.10 | 28.73 | 32,270 Cr | 2.80 | 0.16% | 8.58% | 12.95% | 19,781 Cr | 1,121 Cr | |
| ₹2,337.00 | 37.85 | 16,381 Cr | 3.98 | 0.43% | 12.70% | 16.32% | 4,431 Cr | 514 Cr | |
| ₹242.05 | 28.21 | 15,479 Cr | 1.23 | 0.82% | 7.53% | 10.94% | 18,622 Cr | 498 Cr | |
| ₹455.70 | 27.39 | 13,887 Cr | 4.21 | 0.78% | 14.88% | 18.75% | 3,918 Cr | 508 Cr | |
| ₹565.95 | 31.32 | 13,655 Cr | 3.92 | 0.37% | 14.60% | 17.99% | 4,646 Cr | 436 Cr | |
| Swastik Pipe (this company) | ₹15.90 | — | 37 Cr | 0.25 | 0.00% | -38.72% | -35.89% | — | — |
| Median 8 companies | ₹861.03 | 29.51 | 15,930 Cr | 3.95 | 0.38% | 13.65% | 17.16% | 18,378 Cr | 514 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 84/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Stock is trading at 0.26 times its book value
- Company's working capital requirements have reduced from 55.8 days to 28.6 days
Weaknesses
4- 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.
Technical Indicators
Oscillators
Bullish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin -38% · Mar 2026
Quarterly Results
| Particulars | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 282 | 327 | 313 | 398 | 363 | 366 | 367 | 380 | 240 | 146 |
| Expenses | 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% |
| Other Income | 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 |
| PBT | 2 | 19 | 1 | 12 | 6 | 1 | 3 | -13 | -16 | -63 |
| Tax % | -108% | -19% | 29% | 25% | 25% | 27% | 25% | -24% | -38% | -23% |
| Net Profit | 5 | 23 | 0 | 9 | 4 | 1 | 2 | -10 | -10 | -48 |
| EPS (₹) | 3.16 | 13.55 | 0.27 | 3.71 | 1.76 | 0.44 | 0.99 | -4.09 | -4.17 | -20.61 |
Profit & Loss
| Particulars | Mar 2008 | Mar 2009 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 444 | 504 | 721 | 653 | 519 | 607 | 709 | 728 | 728 | 386 |
| Expenses | 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% | 4.1% | 1.5% | 5% | 4.2% | 3.9% | 4% | 2% | -17% |
| Other Income | 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 |
| PBT | 6 | 7 | 6 | -21 | 2 | 22 | 12 | 7 | -9 | -78 |
| Tax % | 34% | 38% | 26% | -33% | 35% | 6% | 26% | 26% | -24% | -26% |
| Net Profit | 4 | 4 | 5 | -14 | 1 | 20 | 9 | 5 | -7 | -58 |
| EPS (₹) | 4.14 | 4.55 | 4.25 | -12.63 | 1.35 | 12.02 | 3.9 | 2.21 | -3.11 | -24.78 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 |
| Borrowings | 73 | 85 | 200 | 197 | 196 | 114 | 111 | 113 | 126 | 152 |
| Other Liabilities | 43 | 40 | 62 | 60 | 59 | 86 | 77 | 121 | 193 | 45 |
| Total Liabilities | 155 | 168 | 356 | 337 | 336 | 341 | 396 | 447 | 525 | 346 |
| Fixed Assets | 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 |
| Other Assets | 125 | 134 | 283 | 263 | 265 | 272 | 322 | 363 | 438 | 258 |
| Total Assets | 155 | 168 | 356 | 337 | 336 | 341 | 396 | 447 | 525 | 346 |
Cash Flow
| Particulars | Mar 2008 | Mar 2009 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | -23 | 36 | 25 | 47 | -22 | 26 | 24 | -21 |
| Investing | — | — | -2 | -4 | -2 | 14 | -8 | -15 | -8 | 4 |
| Financing | — | — | 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 | — | — | -71 | 374 | 92 | 183 | -80 | 86 | 169 | 29 |
Ratios
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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71 extracted metrics + investor summaries across FY08–FY26.
Documents
Frequently Asked Questions about Swastik Pipe
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Company Information
Incorporated in 1973, Swastik Pipe Ltd is a manufacturer and exporter of ERW Black and Galvanized Pipes, Line Pipes, and Tubes[1]
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