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Malpani Pipes And Fittings Ltd (544351)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544351 NSE: Plastic Products | Small Cap | Malpani Pipe&Fitting Share Price

₹64.50 0.00 (0.00%)

As on 21-Sep'26 16:59

Malpani Pipes And Fittings Ltd (544351)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544351 NSE: Plastic Products | Small Cap | Malpani Pipe&Fitting Share Price

₹64.50 0.00 (0.00%)

As on 21-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹70 Cr.
Current Price
₹64.5
52-Week Low / High
₹48 / 86
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
36.7
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.01%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
73.78%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹10.8 Cr.
Face Value
₹10
All Time Low / High
₹48.10 / 90.00

Malpani Pipes And Fittings stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Malpani Pipes And Fittings Ltd a good quality company?
Malpani Pipes And Fittings Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Malpani Pipes And Fittings Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Malpani Pipes And Fittings Ltd vs industry peers?
Malpani Pipes And Fittings Ltd revenue CAGR is %, compared to the industry median CAGR of 14.38%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Malpani Pipes And Fittings Ltd?
Promoters hold 73.78% of the Malpani Pipes And Fittings Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Malpani Pipes And Fittings Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -12.24% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Malpani Pipes And Fittings Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.4%21.7%36.1%23.3%-
Value Creation
Index
-0.10.61.60.7-

Growth Parameters

Sales 34.982.5141141163
Sales YoY Gr.-136.2%71%0%-
Adj EPS 1.43.49.57.38.4
YoY Gr.-138%180.8%-23.5%-
BVPS (₹) 69.318.743.351.7
Adj Net
Profit
0.92.17.57.89
Cash Flow from Ops. 0.5-5.7-8-14-
Debt/CF from Ops. 19.5-3.5-3.8-2.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA59.2%0%
Adj EPS NANA72.3%-23.5%
BVPSNANA93.2%131.4%
Share Price - - - -12.2%

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
23.744.272.525.517.7
Op. Profit
Mgn %
5.45.59.610.5NAN
Net Profit
Mgn %
2.62.65.35.65.5
Debt to
Equity
2.43.42.10.6-
Working Cap
Days
0961031900
Cash Conv.
Cycle
047571070

Valuation of Malpani Pipe&Fitting - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

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No data found!
data
No data found!
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No data found!
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No data found!

Top 5 Mutual Funds Holding

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Announcements

Malpani Pipes And Fittings Ltd FAQs

The current trading price of Malpani Pipe&Fitting on 21-Sep-2026 16:59 is ₹64.50.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2026 the market cap of Malpani Pipe&Fitting stood at ₹69.51 Cr

The latest P/E ratio of Malpani Pipe&Fitting as of 20-Sep-2026 is 7.70.

The latest P/B ratio of Malpani Pipe&Fitting as of 20-Sep-2026 is 1.25.

The 52-week high of Malpani Pipe&Fitting is ₹85.90 and the 52-week low is ₹48.10.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Malpani Pipe&Fitting is ₹163 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Malpani Pipes And Fittings Ltd is a below average quality company.

The key valuation ratios of Malpani Pipes And Fittings Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Malpani Pipes And Fittings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Malpani Pipes And Fittings Ltd

Malpani Pipes and Fittings Limited was incorporated as “Malpani Pipes and Fittings Private Limited” on February 3, 2017 under the provisions of Companies Act, 2013 with the Registrar of Companies, Gwalior. Subsequently, the company was converted into a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on May 13, 2024 and a fresh certificate of incorporation consequent to conversion was issued on July 29, 2024 by the Registrar of Companies, Gwalior.

Malpani Pipes & Fittings, an ISO 9001:2015 certified company based in Ratlam, Madhya Pradesh, manufactures a range of high-grade plastic pipes. Its products include High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed under the brand name ‘Volstar’. The company is also engaged in the trading of granules and PVC pipes, as well as the sale of services. Its manufacturing plant is well equipped with essential machinery, infrastructure, and an in-house testing facility, which ensures that its product conforms to the requisite standards.

It distributes its products to both wholesalers and retailers. Additionally, it supplies pipes for government projects through authorised contractors involved in local, state or federal development scheme. Also, it supplies pipes to farmers in terms of farmer welfare policies launched by Central or State Government. It has a dedicated in-house testing facility to ensure its products adhere to stringent quality standards. Additionally, in case of supply to any government project or under some welfare policy to farmers, it is required to get its products tested from third part laboratories. These agencies include the Central Institute of Petrochemicals Engineering & Technology (CIPET), SGS, Bureau Veritas, Dr. Amin Controllers, Rail India Technical and Economic Service, and Certification Engineers International (CEIL). 

This verification process is a mandatory requirement set by the government. Its pipes are engineered to meet a wide range of applications, including irrigation, potable water supply, sewerage, and drainage systems. They are also well-suited for boreholes and tube wells for underground water extraction. Furthermore, its pipes support infrastructure projects such as the installation of long-distance electrical cables and optical fibers.

Business area of the company

The company is engaged in the business of manufacturing of Variety of Pipes to be used in agriculture, water transportation or distribution, house service connection etc.

Products of the company

  • HDPE pipes
  • MDPE pipes
  • LLDPE pipes
  • Drip irrigation pipes

History and milestones

  • 2017: The company was incorporation as private limited company under the name “Malpani Pipes and Fittings Private Limited”.
  • 2017: The company has Registered Trademark under Brand name of “VOLSTAR”.
  • 2023: The company has participated in “Amravati Agriculture Exhibition” in Maharashtra.
  • 2024: The company has participated in “Agar Agriculture Exhibition” in Agar, Malva, MP.
  • 2024: The company was converted into Public Limited Company under the name of “Malpani Pipes and Fittings Limited”.

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