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Malpani Pipes And Fittings Ltd - Stock Valuation and Financial Performance

BSE: 544351 | NSE: | Plastic Products | Small Cap

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Malpani Pipes&Fittin Share Price

 ₹70.50 -2.30 -3.16%
as on 09-Jul'25 11:19

Malpani Pipes And Fittings Ltd - Stock Valuation and Financial Performance

BSE: 544351 | NSE: | Plastic Products | Small Cap

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Malpani Pipes&Fittin Share Price

 ₹70.50 -2.30 -3.16%
as on 09-Jul'25 11:19

DeciZen - make an informed investing decision on Malpani Pipes&Fittin

M-Cap below 100cr DeciZen not available

Malpani Pipes And Fittings stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (SA):
9.72
Market Cap:
78.5 Cr.
52-wk low:
54.9
52-wk high:
90

Is Malpani Pipes And Fittings Ltd an attractive stock to invest in?

1. Is Malpani Pipes And Fittings Ltd a good quality company?

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

2. Is Malpani Pipes And Fittings Ltd undervalued or overvalued?

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

3. Is Malpani Pipes And Fittings Ltd a good buy now?

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.

10 Year X-Ray of Malpani Pipes&Fittin:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis
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 ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'22Mar'23Mar'24TTM
ROCE % ⓘ13.4%21.7%36%-
Value Creation
Index ⓘ		-0.10.61.6-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ34.982.5141141
Sales YoY Gr.-136.2%71%-
Adj EPS ⓘ1.43.49.57.5
YoY Gr.-138%181.4%-
BVPS (₹) ⓘ69.318.843.3
Adj Net
Profit ⓘ		0.92.17.58
Cash Flow from Ops. ⓘ0.5-5.7-5.6-
Debt/CF from Ops. ⓘ19.5-3.5-5.4-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA71%
Adj EPS ⓘNANANA181.4%
BVPSⓘNANANA102.2%
Share Price - - - -

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		23.744.272.624.1
Op. Profit
Mgn % ⓘ		5.45.59.6NAN
Net Profit
Mgn % ⓘ		2.62.65.35.7
Debt to
Equity ⓘ		2.43.42-
Working Cap
Days ⓘ		0961030
Cash Conv.
Cycle ⓘ		047570

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 2.04

Return on Equity has declined versus last 3 years average to 24.10%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Malpani Pipes And Fittings Ltd.

Standalone Consolidated
TTM EPS (₹) 7.5 -
TTM Sales (₹ Cr.) 141 -
BVPS (₹.) ⓘ 43.3 -
Reserves (₹ Cr.) ⓘ 36 -
P/BV ⓘ 1.68 -
PE ⓘ 9.72 -
From the Market
52 Week Low / High (₹) 54.90 / 90.00
All Time Low / High (₹) 54.90 / 90.00
Market Cap (₹ Cr.) 78.5
Equity (₹ Cr.) 10.8
Face Value (₹) 10
Industry PE ⓘ 39.5

Management X-Ray of Malpani Pipes&Fittin:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Malpani Pipes&Fittin

Event Update

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Analyst's Notes

No data found!

Key Ratios of Malpani Pipes&Fittin

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'22Mar'23Mar'24
Sales34.9182.45140.96
Operating Expenses ⓘ 33.0278127.60
Manufacturing Costs1.945.039.07
Material Costs29.7370.97116.15
Employee Cost 0.841.211.45
Other Costs ⓘ 0.510.790.93
Operating Profit ⓘ 1.894.4513.36
Operating Profit Margin (%) 5.4%5.4%9.5%
Other Income ⓘ 0.030.120.20
Interest ⓘ 0.511.372.69
Depreciation ⓘ 0.220.430.85
Exceptional Items ⓘ 000
Profit Before Tax ⓘ 1.192.7710.02
Tax ⓘ 0.300.692.63
Profit After Tax 0.892.087.40
PAT Margin (%) 2.6%2.5%5.2%
Adjusted EPS (₹)1.43.39.4
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3.765.8314.85
Share Capital ⓘ 1.931.932.43
Reserves ⓘ 1.833.9012.42
Minority Interest000
Debt8.2418.4228.79
Long Term Debt6.708.8411.29
Short Term Debt1.549.5917.50
Trade Payables5.518.0110.21
Others Liabilities ⓘ 3.786.677.50
Total Liabilities ⓘ 21.3038.9461.35

Fixed Assets

Gross Block2.598.318.94
Accumulated Depreciation0.550.981.83
Net Fixed Assetsⓘ 2.047.347.11
CWIP ⓘ 4.6903.49
Investmentsⓘ 000
Inventories4.7917.8228.86
Trade Receivables6.356.1311.41
Cash Equivalents 0.252.580.31
Others Assetsⓘ 3.175.0810.16
Total Assets ⓘ 21.3038.9461.35

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 0.46-5.65-5.59
PBT ⓘ 1.192.7710.02
Adjustment ⓘ 0.571.513.01
Changes in Working Capital ⓘ -1.1-9.31-15.97
Tax Paid ⓘ -0.19-0.62-2.66
Cash Flow From Investing Activity ⓘ -5.73-1.45-6.66
Capex -4.71-1.27-4.11
Net Investments 000
Others ⓘ -1.02-0.17-2.55
Cash Flow From Financing Activityⓘ 5.449.429.99
Net Proceeds from Shares ⓘ 001.60
Net Proceeds from Borrowing ⓘ 6.152.142.45
Interest Paid ⓘ -0.37-1.19-2.32
Dividend Paid ⓘ 000
Others ⓘ -0.348.478.26
Net Cash Flow ⓘ 0.172.32-2.26

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'22Mar'23Mar'24
Ratios
ROE (%)23.6743.3571.52
ROCE (%)13.3521.6736.03
Asset Turnover Ratio1.642.742.81
PAT to CFO Conversion(x)0.52-2.72-0.76
Working Capital Days
Receivable Days662823
Inventory Days505060
Payable Days683529

Malpani Pipes And Fittings Ltd Stock News

Malpani Pipes And Fittings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Malpani Pipes&Fittin on 09-Jul-2025 11:19 is ₹70.50.
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 09-Jul-2025 11:19 the market cap of Malpani Pipes&Fittin stood at ₹78.46.
The latest P/E ratio of Malpani Pipes&Fittin as of 09-Jul-2025 11:19 is 9.72.
The latest P/B ratio of Malpani Pipes&Fittin as of 09-Jul-2025 11:19 is 1.68.
The 52-week high of Malpani Pipes&Fittin is ₹90.00 and the 52-week low is ₹54.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Malpani Pipes&Fittin is ₹141.0 ( Cr.) .

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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