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Swastik Pipe

SWASTIK NSE
₹15.40 −0.80 (−4.94%)
View as Markdown
MCP
Close 4 Nov 2026 ₹15.40 −14.30 −48.1% 1Y
Start ₹29.70

Key Fundamentals

SMEIndustrial ProductsCapital Goods

Price-based figures as of · TTM

ROCE
−20.80%
Debt to Equity
1.03
EPS (TTM)
—
Book Value
₹64.00
Market Cap
—
P/E (TTM)
—
P/B
0.24
ROE
−37.20%
Dividend Yield
0.00%
EBITDA
−₹59.50 Cr
52W High
₹31.10
52W Low
₹12.50
Day Range
₹15.40 – ₹15.80
Volume
3,600

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Swastik Pipe peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Swastik Pipe (this company)
₹15.40—₹36 Cr0.240.00%−37.20%−20.80%——
Median 8 companies₹880.2829.51₹16,390 Cr3.920.39%13.85%18.05%₹17,300 Cr₹514 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest 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 →

Overall score

34 Poor

Data confidence 84/100

Category scores

Quality
26
Poor
Returns, margins, earnings quality 22% weight
Valuation
45
Average
Cheap vs sector & own history 24% weight
Growth
2
Poor
Sales & profit trajectory 9% weight
Financial Health
16
Poor
Solvency, leverage, coverage 9% weight
Momentum
20
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

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

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1261
OscillatorsBearish261
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
38.33
Neutral
MACD (12,26,9)
−0.76
Bearish
SMA (50)
18.27
Bearish
SMA (200)
20.33
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
10YIrregular period
5Y−5.75%
3Y−18.35%
1Y−46.98%

Net profit

Net profit growth by window
10YIrregular period
5YTurned to loss
3YTurned to loss
1YLoss widened by ₹51 Cr

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5YTurned negative
3YOutflow narrowed by ₹1 Cr
1YTurned negative

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5Y−22.75 pp
3Y−21.17 pp
1Y−19.28 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2008₹444 Cr
Mar 2009₹504 Cr
Mar 2019₹721 Cr
Mar 2020₹653 Cr
Mar 2021₹519 Cr
Mar 2022₹607 Cr
Mar 2023₹709 Cr
Mar 2024₹728 Cr
Mar 2025₹728 Cr
Mar 2026₹386 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2008₹4.00 Cr
Mar 2009₹4.00 Cr
Mar 2019₹5.00 Cr
Mar 2020−₹14.00 Cr
Mar 2021₹1.00 Cr
Mar 2022₹20.00 Cr
Mar 2023₹9.00 Cr
Mar 2024₹5.00 Cr
Mar 2025−₹7.00 Cr
Mar 2026−₹58.00 Cr

Half-yearly Results

₹ Cr
SWASTIK half-yearly results, ₹ crore
Particulars Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 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

₹ Cr
SWASTIK profit and loss, annual, ₹ crore
Particulars Mar 2008Mar 2009Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
SWASTIK balance sheet, annual, ₹ crore
Particulars Mar 2008Mar 2009Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
SWASTIK cash flow, annual, ₹ crore
Particulars Mar 2008Mar 2009Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

SWASTIK financial ratios, annual
Particulars Mar 2008Mar 2009Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Swastik Pipe insights

71 extracted metrics across FY08–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 64.51%
  • Public 20.15%
  • Others 15.34%

38.09% of promoter holding pledged as of 14 Oct 2026

Change vs previous quarter

Documents

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
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 Industrial Products sector, in the Iron & Steel Products industry.
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 ₹31.1 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Swastik Pipe Ltd?
Swastik Pipe Ltd reported a return on equity of -37.20%. 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

Website swastikpipes.com
Listed 12 Oct 2022
Face Value ₹10

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