Swastik Pipes Ltd.

•

swastikpipes.comBSE: -NSE: SWASTIK

Market Cap₹ 44 Cr.

Current Price

High / Low₹ 37 / 12

Stock P/E0.0

Book Value₹ 89

Price to Book0.47

Dividend Yield0.00 %

ROCE4.3 %

ROE-3.4 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.93x)
Company generates healthy free cash flow
Company converts assets efficiently - asset turnover of 1.5x

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of 1.4% over last 3 years
Company has a low return on capital employed of 7.3%
Interest coverage is weak at 0.6x - earnings barely cover interest
Equity base is being diluted - shares outstanding up 36.8%
Company has delivered a poor sales growth of 2.7% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JSWSTEEL	1325.00	13.07	324022.65	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	189.00	21.38	235937.32	2.12	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	197.10	19.06	81412.65	1.19	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2591.20	29.60	68353.43	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	APLAPOLLO	2250.00	50.83	62473.14	0.38	263.11	10.94	5606.71	12.07	31.83	7.34
6.	JSL	737.70	18.72	60817.43	0.54	768.66	7.56	11278.54	10.50	19.19	12.09
7.	SHYAMMETL	1066.05	26.49	29756.85	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	305.30	29.88	19524.19	0.66	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2732.25	44.24	19150.89	0.37	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	508.95	15.87	17934.44	0.39	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	240.90	20.11	16218.33	0.42	222.37	2.75	1750.47	32.29	20.20	19.36
12.	SWASTIK	19.00	0.00	44.14	0.00	—	—	—	—	4.26	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	578	628	659	723	656	522	609	711	723	747
	553	599	632	693	646	494	583	684	700	728
Operating Profit	25	29	27	30	10	28	26	27	24	19
OPM %	4.35%	4.63%	4.11%	4.11%	1.46%	5.31%	4.23%	3.84%	3.26%	2.53%
	4	3	4	5	3	2	19	6	6	1
Interest	20	22	22	25	29	23	19	16	18	24
Depreciation	3	3	4	4	4	4	4	5	5	6
Profit before Tax	6	7	5	6	-21	2	22	12	7	-9
Tax %	36.43%	33.96%	31.65%	26.34%	33.22%	34.84%	-29.02%	25.58%	25.88%	23.87%
Net Profit	4	4	3	5	-14	1	28	9	5	-7
EPS	0.00	49.51	38.14	4.33	-12.80	1.35	19.41	4.53	2.21	-3.11
Dividend Payout %	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:: 1%
5 Years:: 3%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -35%
1 Year:: -47%

RETURN ON EQUITY

10 Years:: 3%
5 Years:: 6%
3 Years:: 1%
Last Year:: -3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9	9	9	9	9	9	17	23	23	23
	70	75	79	85	71	72	125	185	190	183
	148	148	170	202	198	197	114	111	103	114
Trade Payables	19	41	47	44	47	49	71	62	101	174
	36	37	16	16	11	9	14	14	29	32
Total Liabilities	283	311	322	356	337	336	341	396	446	525
	59	68	67	73	73	71	68	71	80	85
Capital Work in Progress	5	4	5	0	0	0	2	3	4	2
	97	98	92	101	92	69	69	79	105	127
	0	0	0	0	0	0	0	0	165	182
Cash & Bank	16	13	24	8	9	7	7	16	11	16
	105	127	133	174	162	189	195	228	82	113
Total Assets	283	311	322	356	337	336	341	396	446	525

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	21	35	23	-21	36	26	46	-22	26	24
Cash from Investing	-5	-10	-4	-2	-4	-2	15	-8	-15	-8
Cash from Financing	-5	-25	-10	8	-32	-24	-62	38	-16	-10
	9	-2	11	-17	-0	-0	0	8	-5	6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	43.85	49.36	37.85	50.86	-150.99	16.15	16.45	3.90	2.21	-3.11
Book Value (₹)	882.08	931.43	969.25	1018.38	867.39	883.55	83.45	89.67	91.88	88.77
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	6.48	7.34	6.63	7.63	-8.83	5.20	15.78	5.89	4.48	-0.65
PROFITABILITY
Operating Margin %	4.57%	4.60%	4.72%	4.79%	1.85%	5.63%	4.81%	4.65%	3.26%	2.53%
Net Margin %	0.61%	0.64%	0.52%	0.65%	-2.12%	0.28%	4.59%	1.27%	0.71%	-0.97%
ROE %	5.10%	5.45%	4.00%	5.14%	-16.01%	1.85%	25.06%	5.18%	2.43%	-3.44%
ROCE %	11.72%	12.04%	10.96%	11.18%	2.80%	9.07%	15.27%	9.92%	7.59%	4.26%
	1.41%	1.50%	1.09%	1.38%	-4.01%	0.44%	8.25%	2.46%	1.22%	-1.49%
EFFICIENCY
Debtor Days	50	49	56	57	70	95	88	80	83	85
Inventory Days	54	51	53	49	54	57	42	38	46	57
Payable Days	25	20	28	26	29	38	41	39	47	77
	78	80	80	79	95	113	89	78	83	64
FINANCIAL HEALTH
Debt to Equity (x)	1.95x	1.85x	1.93x	2.14x	2.47x	2.41x	0.80x	0.53x	0.53x	0.61x
Interest Coverage (x)	1.31x	1.31x	1.23x	1.26x	0.28x	1.10x	2.14x	1.75x	1.39x	0.60x
	1.15x	1.18x	1.18x	1.45x	1.31x	1.48x	1.63x	2.27x	1.86x	1.49x
GROWTH
Revenue Growth %	-15.07%	8.63%	4.96%	9.71%	-9.29%	-20.34%	16.57%	16.86%	1.71%	3.28%
Operating Profit Growth %	11.81%	8.62%	-2.96%	11.43%	-64.93%	142.07%	-0.44%	13.16%	-10.10%	-33.67%
Net Profit Growth %	10.00%	12.90%	-22.72%	35.81%	-396.87%	110.70%	1779.41%	-67.56%	-43.38%	-240.65%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-43.38%	-240.65%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	32.78x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.79x	0.47x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	9.08x	10.47x

Shareholding Pattern

Numbers in percentages

	Sep 2016	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	59.86	64.51	64.51	64.51	64.51	64.52	64.51	64.51
	0.00	0.34	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.36	0.15	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.14	35.15	35.13	35.33	35.49	35.49	35.49	35.49

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SWASTIK

Loading news…

🤖

AI Stock Analyst

Swastik Pipes Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account