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Malpani Pipes & Fittings (BSE 544351)₹57.99+5.42%Plastic Products - Industrial
In the Mar 2026 quarter (standalone), Malpani Pipes & Fittings reported sales of ₹92.77 Cr, up 12.2% from Mar 2025, and net profit of ₹5.01 Cr, up 0.4% year on year. For the year to Mar 2026, sales were ₹163 Cr and net profit ₹9.01 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 66.76 | 57.80 | 82.68 | 69.74 | 92.77 |
| Expenses | 62.99 | 51.99 | 73.93 | 62.98 | 83.94 |
| Operating Profit | 4.01 | 6.02 | 9.04 | 7.03 | 10.03 |
| OPM % | 6.0% | 10.0% | 11.0% | 10.0% | 10.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 |
| Interest | 1.99 | 0.99 | 1.99 | 1.99 | 1.99 |
| Depreciation | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 |
| Profit before tax | 1.99 | 3.99 | 6.99 | 4.99 | 6.99 |
| Tax % | 27.0% | 25.0% | 26.0% | 25.0% | 26.0% |
| Net Profit | 1.01 | 3.01 | 4.99 | 4.01 | 5.01 |
| EPS (Rs) | 5.91 | 3.98 | 4.54 | 3.59 | 4.77 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 34.89 | 81.78 | 141 | 140 | 163 |
| Expenses | 32.97 | 77.92 | 128 | 126 | 147 |
| Operating Profit | 2.01 | 4.02 | 13.05 | 15.06 | 16.05 |
| OPM % | 5.0% | 5.0% | 9.0% | 10.0% | 10.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 |
| Interest | 0.99 | 0.99 | 2.99 | 2.99 | 3.99 |
| Depreciation | 0.00 | 0.00 | 0.99 | 0.99 | 1.99 |
| Profit before tax | 0.99 | 2.99 | 9.98 | 10.99 | 11.98 |
| Tax % | 25.0% | 25.0% | 27.0% | 26.0% | 26.0% |
| Net Profit | 1.01 | 2.01 | 7.01 | 7.99 | 9.01 |
| EPS (Rs) | 4.59 | 10.74 | 30.24 | 7.46 | 8.35 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 2.00 | 2.00 | 2.00 | 11.00 | 11.01 |
| Reserves | 1.99 | 3.99 | 11.97 | 35.93 | 44.90 |
| Borrowings | 9.01 | 19.97 | 29.99 | 29.96 | 22.00 |
| Other Liabilities | 8.96 | 13.93 | 15.92 | 35.83 | 43.79 |
| Total Liabilities | 20.96 | 38.89 | 60.88 | 112 | 122 |
| Fixed Assets | 1.99 | 6.98 | 6.98 | 11.96 | 18.94 |
| CWIP | 4.99 | 0.00 | 2.99 | 2.99 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 14.98 | 31.91 | 50.91 | 96.77 | 103 |
| Inventories | 4.80 | 17.84 | 28.91 | 36.21 | 46.87 |
| Trade receivables | 6.36 | 6.14 | 11.42 | 49.99 | 44.53 |
| Cash & equivalents | 0.24 | 2.57 | 0.30 | 0.43 | 0.19 |
| Total Assets | 20.96 | 38.89 | 60.88 | 112 | 122 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | 0.00 | −5.99 | −7.99 | −13.97 | 15.97 |
| Cash from investing activity | −5.99 | −0.99 | −3.99 | −5.99 | −4.99 |
| Cash from financing activity | 4.99 | 8.99 | 10.01 | 19.99 | −10.99 |
| Net cash flow | 0.00 | 1.99 | −1.99 | 0.00 | 0.00 |
| Capex | 4.70 | 1.26 | 4.10 | 6.23 | 5.07 |
| Free cash flow | −3.99 | −6.99 | −12.01 | −20.01 | 11.01 |
| CFO / OP % | 35.0% | −113.0% | −40.0% | −77.0% | 113.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 65 | 26 | 29 | 128 | 98 |
| Inventory days | 58 | 91 | 91 | 117 | 129 |
| Days payable | 66 | 41 | 32 | 96 | 104 |
| Cash conversion cycle | 57 | 76 | 87 | 149 | 124 |
| Working capital days | 19 | 12 | 27 | 94 | 95 |
| ROCE % | — | 22.0% | 35.9% | 22.9% | 19.9% |
For the Mar 2026 quarter, Malpani Pipes & Fittings reported sales of ₹92.77 Cr, up 12.2% year on year and net profit of ₹5.01 Cr, up 0.4% year on year. The operating margin was 10.0%.
Malpani Pipes & Fittings' sales for the year to Mar 2026 were ₹163 Cr.
Net profit for the year to Mar 2026 was ₹9.01 Cr. Earnings per share over the same trailing period were ₹8.35.
Malpani Pipes & Fittings reported borrowings of ₹22 Cr at Mar 2026, against cash and equivalents of ₹0.19 Cr.
Cash from operations was ₹15.97 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹11.01 Cr.