Swastik Pipe LimitedSWASTIKCorporate

Steel - Medium / Small Latest results: Mar 2026 10 quarters of data

₹16.75

MCap ₹39 Cr

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🏭 Metal sector

AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹146 Cr

Sales · Mar 2026

-61.6% YoY

₹-56 Cr

Operating Profit · Mar 2026

-1500.0% YoY

-38.4%

OPM % · Mar 2026

-3590.9% YoY

₹-48 Cr

Net Profit · Mar 2026

-380.0% YoY

₹-20.61

EPS · Mar 2026

-403.9% YoY

📝 Swastik Pipe Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Swastik Pipe Limited reported revenue of ₹146 crore for the quarter ended March 2026 (Q4 FY26), down 61.6% from ₹380 crore in the same quarter last year.

The company reported a net loss of ₹48 crore, against a net loss of ₹10 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-20.61.

Operating profit stood at ₹-56 crore — an operating margin (OPM) of -38.4%, compared with 1.1% in the year-ago quarter.

Full year and trailing twelve months

On a trailing-twelve-month (TTM) basis, revenue stands at ₹386 crore with a net loss of ₹58 crore.

Valuation snapshot

At the current price of ₹16.75, SWASTIK has a market capitalisation of ₹39 crore.

Within the Steel - Medium / Small industry, it is the 25th-largest of the 56 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 64.51%, foreign institutional investors (FIIs) 0.00%, domestic institutional investors (DIIs) 0.00%, public shareholders 35.49% of Swastik Pipe Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹39 Cr

Current Price ?

₹16.8

P/E ?

N/A

Industry P/E ?

20.50

P/B ?

0.26

P/S ?

0.10

P/FCF ?

-2.05

Enterprise Value ?

₹191 Cr

EV/EBITDA ?

-2.85

PEG ?

N/A

Earnings Yield ?

-38.2%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹386 Cr

OPM ?

-17.4%

Profit after tax (TTM) ?

₹-58 Cr

EPS (TTM) ?

₹-24.97

ROCE ?

-21.0%

ROE ?

-39.2%

ROA ?

-16.8%

Growth

Sales — latest qtr ?

₹146 Cr

PAT — latest qtr ?

₹-48 Cr

YoY qtr sales growth ?

-61.6%

YoY qtr profit growth ?

-380.0%

Sales growth (3y) ?

-18%

Sales growth (5y) ?

-6%

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹152 Cr

Debt to Equity ?

1.03

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

64.51%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-6.7%

Return 6 months ?

-20.6%

🗓️ Quarterly results (10 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	YoY %	QoQ %
Sales	282	327	313	398	363	366	367	380	240	146	-61.6%	—
Operating Profit	13	13	8	19	17	12	15	4	-11	-56	-1500.0%	—
Other Income	1	18	3	3	0	1	0	1	11	5	+400.0%	—
Interest	9	10	8	8	9	8	10	13	13	8	-38.5%	—
Depreciation	2	2	2	2	3	3	2	3	3	3	+0.0%	—
Profit Before Tax	2	19	1	12	6	1	3	-13	-16	-63	-384.6%	—
Net Profit	5	23	0	9	4	1	2	-10	-10	-48	-380.0%	—
EPS	38.00	13.55	0.27	3.71	1.76	0.44	0.99	-4.09	-4.17	-20.61	-403.9%	—
OPM %	4.6%	4.0%	2.6%	4.8%	4.7%	3.3%	4.1%	1.1%	-4.6%	-38.4%	-3590.9%	—

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	23	23	23	23	+0.0%
Reserves	185	190	183	125	-31.7%
Borrowings	111	113	126	152	+20.6%
Other Liabilities	77	121	193	45	-76.7%
Total Liabilities	396	447	525	346	-34.1%
Fixed Assets	71	80	85	86	+1.2%
CWIP	3	4	2	1	-50.0%
Investments	0	0	0	0	—
Other Assets	322	363	438	258	-41.1%
Total Assets	396	447	525	346	-34.1%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-22	26	24	-21	-187.5%
Cash from Investing Activity	-8	-15	-8	4	+150.0%
Cash from Financing Activity	38	-16	-10	5	+150.0%
Net Cash Flow	8	-5	6	-12	-300.0%
Free Cash Flow	-31	10	15	-19	-226.7%
CFO/OP	-80%	86%	128%	29%	-77.3%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	84	83	91	107	+17.6%
Inventory Days	46	60	71	47	-33.8%
Days Payable	37	58	98	34	-65.3%
Cash Conversion Cycle	94	85	65	121	+86.2%
Working Capital Days	82	76	63	29	-54.0%
ROCE %	10%	8%	4%	-21%	-625.0%

👥 Shareholding (latest 4 periods)

Metric	Sep 2024	Mar 2025	Sep 2025	Mar 2026	% Chg
Promoters	64.51%	64.51%	64.51%	64.51%	+0.0%
FIIs	0.00%	0.00%	0.00%	0.00%	—
DIIs	0.00%	0.00%	0.00%	0.00%	—
Public	35.49%	35.49%	35.49%	35.49%	+0.0%
No. of Shareholders	1,403	1,361	1,391	1,319	-5.2%

⚖️ Peer comparison

Industry: Steel - Medium / Small · top 25 of 56 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	NSLNISP NMDC Steel	₹42.65	12,499	135.8	13,939	84	10.8%	0.6%	60.4%	102.5%	8.8%	94.3%
2	MAHSEAMLES Maharashtra Seamless	₹713.65	9,563	13.0	4,620	737	15.0%	16.0%	-12.0%	-9.8%	-4.7%	15.7%
3	SUNFLAG Sunflag Iron	₹443.60	7,995	38.8	3,995	206	11.9%	5.1%	11.4%	25.0%	5.5%	4.8%
4	AEROFLEX Aeroflex Industries	₹565.00	7,477	109.5	503	67	23.4%	13.4%	17.3%	5.6%	73.1%	168.5%
5	TIIL Technocraft Industries	₹3,180.20	7,210	21.2	2,931	349	18.2%	11.9%	6.3%	11.6%	27.2%	67.3%
6	MANINDS Man Industries	₹865.65	6,493	31.5	3,875	204	13.7%	5.3%	1.7%	11.4%	41.9%	122.4%
7	GOODLUCK Goodluck India	₹526.15	5,247	8.7	4,404	210	10.0%	4.8%	4.2%	10.1%	30.9%	67.4%
8	BANSALWIRE Bansal Wire	₹308.10	4,823	9.0	4,388	531	8.5%	12.1%	18.6%	276.0%	24.4%	-47.9%
9	DEEDEV DEE Development	₹634.65	4,775	54.6	1,213	81	16.9%	6.6%	38.1%	78.8%	31.6%	22.4%
10	KSL Kalyani Steels	₹957.20	4,189	15.8	1,867	264	19.7%	14.2%	-6.9%	0.6%	4.9%	10.6%
11	VENUSPIPES Venus Pipes	₹1,962.30	4,065	39.1	1,211	104	16.3%	8.6%	21.7%	9.2%	16.1%	5.6%
12	VSSL Vardhman Special	₹398.45	3,852	26.9	1,807	144	10.6%	8.0%	-0.5%	31.9%	12.0%	105.9%
13	JTLIND JTL INDUSTRIES	₹87.38	3,435	28.8	2,314	122	8.2%	5.3%	11.5%	4.4%	32.7%	113.7%
14	RATNAVEER Ratnaveer Precision	₹343.70	2,885	42.6	1,119	67	18.2%	6.0%	19.8%	36.2%	18.9%	20.0%
15	INTERARCH Interarch Building	₹1,700.60	2,860	20.7	1,639	139	11.5%	8.5%	7.3%	28.6%	20.6%	0.9%
16	PENIND Pennar Industries	₹187.68	2,533	17.8	3,645	142	12.4%	3.9%	12.2%	15.7%	2.9%	10.7%
17	RAJRATAN Rajratan Global	₹457.40	2,322	29.1	1,228	80	12.3%	6.5%	23.8%	21.2%	28.9%	64.0%
18	PRAKASH Prakash Industries	₹117.24	2,100	6.7	3,474	313	15.0%	9.0%	-13.3%	-6.2%	-0.5%	-21.7%
19	MSPL MSP Steel	₹33.33	1,889	49.7	2,958	38	6.2%	1.3%	-2.1%	217.0%	16.2%	22.1%
20	MAHASTEEL Mahamaya Steel	₹1,115.00	1,832	183.1	943	10	2.6%	1.1%	10.1%	26.3%	29.3%	22.6%
21	HITECH Hi-Tech Pipes	₹75.00	1,520	20.3	4,821	75	3.8%	1.6%	36.9%	4.2%	78.5%	-4.2%
22	MANAKCOAT Manaksia Coated	₹130.80	1,395	32.3	897	41	9.4%	4.5%	13.2%	164.5%	4.9%	0.7%
23	STEELXIND STEEL EXCHANGE	₹10.36	1,321	40.3	1,029	31	13.0%	3.1%	-7.4%	2.6%	-10.1%	46.9%
24	MWL Mangalam Worldwide	₹42.77	1,270	22.9	1,292	55	9.5%	4.2%	13.9%	72.1%	13.7%	25.6%
25	SWASTIK Swastik Pipe	₹67.65	157	—	386	-58	-17.4%	-15.0%	—	—	-61.6%	-380.0%

❓ Frequently asked questions

What was Swastik Pipe Limited's revenue in Q4 FY26?