Swastik Pipe Ltd
Incorporated in 1973, Swastik Pipe Ltd is a manufacturer and exporter of ERW Black and Galvanized Pipes, Line Pipes,
and Tubes[1]
- Market Cap ₹ 152 Cr.
- Current Price ₹ 65.4
- High / Low ₹ 126 / 64.2
- Stock P/E 29.6
- Book Value ₹ 91.9
- Dividend Yield 0.00 %
- ROCE 7.67 %
- ROE 2.46 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.71 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.07% over past five years.
- Company has a low return on equity of 5.20% over last 3 years.
- Promoters have pledged 38.1% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2008 | Mar 2009 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
444 | 504 | 721 | 653 | 518 | 607 | 709 | 723 | |
426 | 483 | 691 | 644 | 491 | 581 | 682 | 700 | |
Operating Profit | 18 | 20 | 30 | 10 | 28 | 26 | 27 | 24 |
OPM % | 4% | 4% | 4% | 1% | 5% | 4% | 4% | 3% |
1 | 4 | 5 | 3 | 2 | 19 | 6 | 6 | |
Interest | 12 | 15 | 25 | 29 | 23 | 19 | 16 | 18 |
Depreciation | 2 | 2 | 4 | 4 | 4 | 4 | 5 | 5 |
Profit before tax | 6 | 7 | 6 | -21 | 2 | 22 | 12 | 7 |
Tax % | 34% | 38% | 26% | -33% | 35% | -29% | 26% | 26% |
4 | 4 | 5 | -14 | 1 | 28 | 9 | 5 | |
EPS in Rs | 49.58 | 54.39 | 50.86 | -150.96 | 16.19 | 16.46 | 3.90 | 2.21 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 12% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 50% |
TTM: | -39% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -42% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 5% |
Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
Mar 2008 | Mar 2009 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 9 | 9 | 9 | 17 | 23 | 23 |
Reserves | 30 | 34 | 84 | 71 | 72 | 125 | 185 | 190 |
73 | 85 | 200 | 197 | 196 | 114 | 111 | 113 | |
43 | 40 | 62 | 60 | 59 | 86 | 77 | 120 | |
Total Liabilities | 155 | 168 | 356 | 337 | 336 | 341 | 396 | 446 |
27 | 31 | 73 | 73 | 71 | 68 | 71 | 80 | |
CWIP | 3 | 3 | 0 | -0 | -0 | 2 | 3 | 4 |
Investments | -0 | -0 | 0 | 0 | 0 | 0 | -0 | -0 |
125 | 134 | 283 | 263 | 265 | 272 | 322 | 362 | |
Total Assets | 155 | 168 | 356 | 337 | 336 | 341 | 396 | 446 |
Cash Flows
Figures in Rs. Crores
Mar 2008 | Mar 2009 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
-23 | 36 | 25 | 47 | -22 | 26 | |||
-2 | -4 | -2 | 15 | -8 | -15 | |||
8 | -32 | -24 | -62 | 38 | -16 | |||
Net Cash Flow | -17 | -0 | -0 | 0 | 8 | -5 |
Ratios
Figures in Rs. Crores
Mar 2008 | Mar 2009 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 35 | 65 | 69 | 104 | 88 | 84 | |
Inventory Days | 75 | 53 | 58 | 57 | 56 | 47 | 46 | |
Days Payable | 30 | 25 | 26 | 29 | 39 | 49 | 37 | |
Cash Conversion Cycle | 72 | 63 | 98 | 97 | 121 | 87 | 94 | |
Working Capital Days | 68 | 67 | 110 | 107 | 138 | 106 | 119 | |
ROCE % | 19% | 3% | 9% | 9% | 10% |
Documents
Announcements
-
Reply to Clarification- Financial results
8 July 2024 - Exchange had sought clarification from Swastik Pipe Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
-
Clarification - Financial Results
21 June 2024 - Exchange has sought clarification from Swastik Pipe Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
-
Outcome of Board Meeting
29 May 2024 - Swastik Pipe Limited has informed regarding Outcome of Board Meeting held on May 29, 2024.
-
Financial Result Updates
29 May 2024 - Swastik Pipe Limited has submitted to the Exchange, the financial results for the period ended March 31, 2024.
-
Board Meeting Intimation
23 May 2024 - SWASTIK PIPE LIMITED has informed about Board Meeting to be held on 29-May-2024 to inter-alia consider and approve the Audited Financial results of the Company …
Business Overview:[1]
SPL is an APIQ1 and ISO 9001:2000 certified manufacturer and exporter of T.T. Swastik Brand high-quality Mild Steel /Carbon steel ERW Black and Galvanized pipes /Tubes in various shapes and sizes such as square, round, rectangular, triangular, and elliptical or any special shapes