Swastik Pipe
SWASTIK NSE
Swastik Pipe
IndustrialsNSE: SWASTIK Industrial Products
Key Fundamentals
SMEIron & Steel ProductsIndustrial ProductsMarket Cap
₹40.66 Cr
Volatility
Moderate
P/E Ratio
-0.7
EBITDA
₹19.70 Cr
Return on Equity
-3.5%
Debt to Equity
1.03
Book Value
₹64
52W High
₹33.75
52W Low
₹12.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.27 times its book value
- Company's working capital requirements have reduced from 55.8 days to 28.5 days
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.72% over past five years.
- Company has a low return on equity of -11.3% over last 3 years.
- Promoters have pledged 38.1% of their holding.
Growth Rate
Revenue Growth
2.52% higher than
3Y
Net Income Growth
-241% lower than
3Y
Cash Flow Change
-7.81% lower than
3Y
ROE
-246% lower than
3Y
ROCE
-38.34% higher than
3Y
EBITDA Margin (Avg.)
-35.29% higher than
3Y
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 in Rs | 38 | 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 | 709 | 454 |
| Operating Profit | 18 | 20 | 30 | 10 | 28 | 26 | 27 | 29 | 19 | -67 |
| OPM % | 4.1% | 4% | 4.1% | 1.5% | 5% | 4.2% | 3.9% | 4% | 2.6% | -17% |
| Other Income | 1 | 4 | 5 | 3 | 2 | 19 | 6 | 1 | 1 | 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 in Rs | 49.58 | 54.39 | 50.86 | -151 | 16.19 | 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 | -19 |
| CFO/OP | — | — | -71 | 374 | 92 | 183 | -80 | 86 | 128 | 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
Log in to view Swastik Pipe insights
29 extracted metrics + investor summaries across FY08–FY26.
Documents
1
General Updates
7 Sep - Swastik Pipe will hold 53rd AGM on 28 September 2026; annual report and email/KYC update reminder issued. 7 Sep - Swastik Pipe will hold 53rd AGM on 28 September 2026; annual report and email/KYC update reminder issued.
2
Shareholders meeting
5 Sep - AGM on 28 September 2026; annual report dispatched; Ravi Shekhar regularization and cost auditor ratification sought. 5 Sep - AGM on 28 September 2026; annual report dispatched; Ravi Shekhar regularization and cost auditor ratification sought.
3
Copy of Newspaper Publication
5 Sep - Swastik Pipe published AGM newspaper intimation on 5 September 2026 in Financial Express and Jan Satta. 5 Sep - Swastik Pipe published AGM newspaper intimation on 5 September 2026 in Financial Express and Jan Satta.
4
Action(s) initiated or orders passed
20 Jul - Swastik Pipe received DRT Chandigarh notice from Canara Bank on July 16, 2026 amid NPA settlement talks. 20 Jul - Swastik Pipe received DRT Chandigarh notice from Canara Bank on July 16, 2026 amid NPA settlement talks.
5
Integrated Filing- Governance
17 Jul - Swastik Pipe filed its June 2026 integrated governance report. 17 Jul - Swastik Pipe filed its June 2026 integrated governance report.
Frequently Asked Questions about Swastik Pipe
What does Swastik Pipe Ltd do?
Incorporated in 1973, Swastik Pipe Ltd is a manufacturer and exporter of ERW Black and Galvanized Pipes, Line Pipes,
and Tubes[1]
Where is Swastik Pipe Ltd (SWASTIK) listed?
Swastik Pipe Ltd trades as SWASTIK on the NSE.
Which sector does Swastik Pipe Ltd belong to?
Swastik Pipe Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of Swastik Pipe Ltd?
Swastik Pipe Ltd has a market capitalisation of ₹40.66 Cr, which places it in the Small Cap band.
What is the PE ratio of Swastik Pipe Ltd?
Swastik Pipe Ltd trades at a PE ratio of -0.70, against a book value of ₹64 per share.
What is the 52-week high and low of Swastik Pipe Ltd?
Over the last 52 weeks Swastik Pipe Ltd has traded between ₹12.5 and ₹33.75.
What is the Return on Equity (ROE) of Swastik Pipe Ltd?
Swastik Pipe Ltd reported a return on equity of -3.50%. Its debt-to-equity ratio is 1.03.
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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