Swastik Pipes Ltd.

•

swastikpipes.comBSE: -NSE: SWASTIK

Market Cap₹ 41 Cr.

Current Price

High / Low₹ 34 / 12

Stock P/E0.0

Book Value₹ 89

Price to Book0.47

Dividend Yield0.00 %

ROCE4.3 %

ROE-3.4 %

Face Value₹ 10

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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	1267.50	12.51	309961.29	0.56	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	182.85	20.69	228259.99	2.19	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	179.00	17.31	73936.40	1.31	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2676.25	30.57	70596.97	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	755.20	19.16	62260.17	0.53	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2153.00	48.64	59779.85	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1074.35	26.70	29988.53	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.15	45.47	19682.88	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	524.75	16.37	18491.21	0.38	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	244.50	20.41	16460.69	0.41	222.37	2.75	1750.47	32.29	20.20	19.36
12.	SWASTIK	17.50	0.00	40.66	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

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

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Swastik Pipes Ltd.

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Name

JSWSTEEL

1267.50

12.51

309961.29

0.56

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

182.85

20.69

228259.99

2.19

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

179.00

17.31

73936.40

1.31

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2676.25

30.57

70596.97

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

755.20

19.16

62260.17

0.53

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2153.00

48.64

59779.85

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1074.35

26.70

29988.53

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

311.85

30.52

19943.06

0.64

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2808.15

45.47

19682.88

0.36

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

524.75

16.37

18491.21

0.38

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

244.50

20.41

16460.69

0.41

222.37

2.75

1750.47

32.29

20.20

19.36

SWASTIK

17.50

0.00

40.66

0.00

—

4.26

—

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

OPM %

4.35%

4.63%

4.11%

1.46%

5.31%

4.23%

3.84%

3.26%

2.53%

Interest

Depreciation

Profit before Tax

-21

-9

Tax %

36.43%

33.96%

31.65%

26.34%

33.22%

34.84%

-29.02%

25.58%

25.88%

23.87%

Net Profit

-14

-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%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

125

185

190

183

148

170

202

198

197

114

111

103

114

Trade Payables

101

174

Total Liabilities

283

311

322

356

337

336

341

396

446

525

Capital Work in Progress

101

105

127

165

182

Cash & Bank

105

127

133

174

162

189

195

228

113

Total Assets

283

311

322

356

337

336

341

396

446

525

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-21

-22

Cash from Investing

-5

-10

-4

-2

-4

-2

-8

-15

-8

Cash from Financing

-5

-25

-10

-32

-24

-62

-16

-10

-2

-17

-0

-5

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2016

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

59.86

64.51

64.52

64.51

0.00

0.34

0.00

0.36

0.15

0.00

Government

0.00

40.14

35.15

35.13

35.33

35.49

Swastik Pipes Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Swastik Pipes Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI