Swastik Pipes Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SWASTIK | Steel & Iron Products | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Swastik Pipes

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Swastik Pipes stock performance -

mw4me loader
P/E Ratio (SA):
19.63
Market Cap:
178 Cr.
52-wk low:
0
52-wk high:
0

Is Swastik Pipes Ltd an attractive stock to invest in?

1. Is Swastik Pipes Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Swastik Pipes Ltd is a average quality company.

2. Is Swastik Pipes Ltd undervalued or overvalued?

The key valuation ratios of Swastik Pipes Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Swastik Pipes Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Swastik Pipes 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 Swastik Pipes:

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.
Swastik Pipes Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.1%7.2%8%8.4%7.6%7.4%2.2%6.3%11.4%7%-
Value Creation
Index
-0.5-0.5-0.4-0.4-0.5-0.5-0.8-0.6-0.2-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 643680578628659723656522609711711
Sales YoY Gr.-5.9%-15.1%8.6%5%9.7%-9.3%-20.3%16.6%16.9%-
Adj EPS 3.82.83.74.33.22.8-12.61.48.33.73.9
YoY Gr.--26.1%29.9%17.5%-26.6%-9.8%-544.7%NA497.1%-55.7%-
BVPS (₹) 66.369.973.577.680.884.972.373.669.589.789.7
Adj Net
Profit
4344.73.53.1-141.516.98.69
Cash Flow from Ops. 3.429.719.133.424.5-22.635.625.147.2-22.3-
Debt/CF from Ops. 42.84.88.14.76.9-8.95.57.82.4-5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.1%1.6%2.8%16.9%
Adj EPS -0.4%3.2%NA-55.7%
BVPS3.4%2.1%7.5%29%
Share Price - - - 0.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.94.25.15.743.5-16.11.915.24.94.4
Op. Profit
Mgn %
3.42.74.44.74.14.11.55.34.23.8NAN
Net Profit
Mgn %
0.60.50.70.70.50.4-2.10.32.81.21.3
Debt to
Equity
2.11.921.91.92.12.52.40.80.5-
Working Cap
Days
1081051171121251261471791571470
Cash Conv.
Cycle
6763818382829811692820

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.53

Return on Equity has declined versus last 3 years average to 4.30%

Sales growth has been subdued in last 3 years 2.76%

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 - Swastik Pipes Ltd.

Standalone Consolidated
TTM EPS (₹) 3.9 -
TTM Sales (₹ Cr.) 711 -
BVPS (₹.) 89.7 -
Reserves (₹ Cr.) 185 -
P/BV 0.85 -
PE 19.63 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 178
Equity (₹ Cr.) 23.2
Face Value (₹) 10
Industry PE 24.8

Management X-Ray of Swastik Pipes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *38.0938.09
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Swastik Pipes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales643680578628659723656522609711
Operating Expenses 620662553599632693646494583684
Manufacturing Costs23232426272825152027
Material Costs561609498544573636587455536622
Employee Cost 10101113161518111216
Other Costs 26202016171416141420
Operating Profit 22192529273010282627
Operating Profit Margin (%) 3.4%2.7%4.4%4.6%4.1%4.1%1.5%5.3%4.2%3.8%
Other Income 4843453236
Interest 16182022222529231916
Depreciation 3333444445
Exceptional Items 00000000160
Profit Before Tax 756756-2122212
Tax 222222-71-63
Profit After Tax 544435-141289
PAT Margin (%) 0.7%0.5%0.7%0.7%0.5%0.6%-2.1%0.3%4.6%1.3%
Adjusted EPS (₹)4.43.33.74.13.24.2-12.61.413.73.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7075798488948081142208
Share Capital 999999991723
Reserves 6166707579857172125185
Minority Interest0000000000
Debt143133148148170196193195107103
Long Term Debt21141221186157763240
Short Term Debt1221191361271521351361187563
Trade Payables49491941474447497162
Others Liabilities 24203637162216122122
Total Liabilities 286278283311322356337336341396

Fixed Assets

Gross Block778290102105114118119117124
Accumulated Depreciation25283134384145484953
Net Fixed Assets52545968677373716871
CWIP 5654500023
Investments 0000000000
Inventories1189297989210192696979
Trade Receivables74928410597129123148146164
Cash Equivalents 77161324897716
Others Assets30272222364539404963
Total Assets 286278283311322356337336341396

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 330193325-23362547-22
PBT 756756-212612
Adjustment 16172125262633272220
Changes in Working Capital -188-73-8-5424-418-54
Tax Paid -1-1-2-21-20-120
Cash Flow From Investing Activity -3-1-5-10-4-2-4-215-8
Capex -9-3-8-11-3-3-4-215-7
Net Investments 1110000000
Others 5121-10000-1
Cash Flow From Financing Activity -1-28-5-25-108-32-24-6238
Net Proceeds from Shares 020011001058
Net Proceeds from Borrowing 0000044-51700
Interest Paid -16-18-20-22-22-25-29-23-19-16
Dividend Paid 0000000000
Others 15-1215-412-121-18-53-3
Net Cash Flow 009-211-170008
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.914.945.15.4545.14-16.011.8525.065.18
ROCE (%)10.7810.6611.7212.0410.9611.182.89.0715.279.92
Asset Turnover Ratio2.592.662.32.342.082.131.891.551.81.93
PAT to CFO Conversion(x)0.67.54.758.258.33-4.6N/A251.68-2.44
Working Capital Days
Receivable Days38405049565770958880
Inventory Days55515451534954574238
Payable Days30292520282629384139

Swastik Pipes Ltd Stock News

Swastik Pipes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Swastik Pipes on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Swastik Pipes stood at ₹177.9.
The latest P/E ratio of Swastik Pipes as of 01-Jan-1970 05:30 is 19.63.
The latest P/B ratio of Swastik Pipes as of 01-Jan-1970 05:30 is 0.85.
The 52-week high of Swastik Pipes is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swastik Pipes is ₹711.3 ( Cr.) .

About Swastik Pipes Ltd

The Company was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of “Swastik Pipes Private Limited” bearing Registration Number dated October 10, 1973 issued by the Registrar of Companies, Delhi. Subsequently, the Company was converted into public limited company pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting held on August 16, 2002, and name of the Company was changed to “Swastik Pipes Limited” and a fresh Certificate of Incorporation dated March 21, 2003 was issued by Registrar of Companies, Delhi. After that, the name of the company was changed to “Swastik Pipe Limited” and a fresh Certificate of Incorporation dated April 03, 2013, was issued by Registrar of Companies, Delhi.

Swastik Pipe is manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils, Swaged Tubular Poles, Solar Structure and Steel Structures. The company use raw material of premium quality i.e. prime steel from SAIL - Steel Authority of India, Tata Steel and high purity zinc is being sourced from Hindustan Zinc, which makes it comfortable to supply the quality material all over the world.

At present, the company has highly sophisticated and technically competent plants are located at Bahadurgarh, Distt. Jhajjar, Haryana (Unit no.1) and at Kotwan, Kosi Kalan, Distt. Mathura, Uttar Pradesh (Unit No. 2). It has diversified its Manufacturing activities towards production of Solar Module Mounting Structures, Transmission Towers, Steel Tubular Poles and Solar Poles Special Structure for Railways, Scaffolding, Formwork and crash barrier. It is one of the oldest manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India. Steel pipes and tubes can be used for many purposes such as steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc. It has a very wide range of steel pipes and tubes products. The lengths of the steel pipes & tubes range from 4m to 7m unless otherwise specified by the customers. It manufactures steel pipes and tubes in various shapes and size such square, round, rectangular and elliptical or any special shape.

The company brings the latest modern manufacturing technology. Automatic temperature control of voltage stabilizing and other electrical parameters so that no fluctuation of heat/voltage/current takes place irrespective of the speed/thickness, thereby yielding uniform bead inside the pipe and no friction loss. All pipes are subjected to all required physical and chemical tests before reaching to customer. The company has a well-maintained laboratory with provisions for offline testing at different stages of production. Stringent Quality Control is exercised with latest facility right from the selection of raw material to the finished product. All tubes are subjected to extensive test including the hydraulic test, so that there is no leakages and before leaving, pipes passes through prescribed quality control process to ensure the best quality.

Business area of the company

The company is one of the leading manufacturer and exporter of T.T. Swastik Band high quality Mild Steel/Carbon steel ERW Black and Galvanized pipes/Tubes. is a one of the leading manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India and abroad.

Key events:

  • 1973: Incorporation of the Company.
  • 2003: Company converted into Public Limited Company
  • 2011: Alteration of Object Clause by including the Object I.e. To export, import, buy, sell or otherwise Deal in Agricultural Products Like:- Rice.
  • 2013: Change in Name From “Swastik Pipes Limited” to “Swastik Pipe Limited”.
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