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Swastik Pipe (SWASTIK)₹15.50+4.38%Iron & Steel Products
In the Mar 2026 quarter (standalone), Swastik Pipe reported sales of ₹146 Cr, down 61.6% from Mar 2025, and net profit of −₹48.10 Cr. For the year to Mar 2026, sales were ₹387 Cr and net profit −₹58.12 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 400 | 364 | 367 | 368 | 381 | 241 | 146 |
| Expenses | 379 | 346 | 354 | 351 | 377 | 252 | 202 |
| Operating Profit | 18.95 | 16.97 | 11.98 | 14.97 | 3.99 | −10.98 | −55.91 |
| OPM % | 4.8% | 4.7% | 3.2% | 4.2% | 0.9% | −4.7% | −38.0% |
| Other Income | 3.01 | 0.00 | 0.99 | 0.00 | 1.01 | 11.01 | 5.01 |
| Interest | 7.99 | 8.99 | 7.99 | 10.01 | 13.01 | 12.99 | 7.99 |
| Depreciation | 1.99 | 2.99 | 2.99 | 2.01 | 2.99 | 2.99 | 2.99 |
| Profit before tax | 12.01 | 6.01 | 1.01 | 3.01 | −12.99 | −15.99 | −63.06 |
| Tax % | 25.1% | 25.0% | 27.0% | 25.1% | −24.0% | −38.0% | −23.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.63 | −0.69 |
| Net Profit | 9.02 | 4.01 | 1.01 | 2.01 | −10.02 | −10.02 | −48.10 |
| EPS (Rs) | 3.72 | 1.77 | 0.45 | 1.00 | −4.10 | −4.18 | −20.67 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 723 | 655 | 521 | 609 | 712 | 730 | 730 | 387 |
| Expenses | 690 | 643 | 491 | 580 | 681 | 699 | 708 | 454 |
| Operating Profit | 29.95 | 9.97 | 27.95 | 25.94 | 26.93 | 28.96 | 18.95 | −66.89 |
| OPM % | 4.1% | 1.5% | 5.0% | 4.2% | 3.9% | 4.0% | 2.6% | −17.0% |
| Other Income | 4.99 | 2.99 | 1.99 | 19.01 | 6.01 | 0.99 | 1.01 | 16.01 |
| Interest | 24.97 | 28.99 | 22.99 | 18.99 | 15.99 | 17.99 | 24.01 | 20.98 |
| Depreciation | 3.99 | 3.99 | 4.01 | 3.99 | 4.99 | 4.99 | 5.99 | 5.99 |
| Profit before tax | 6.01 | −21.01 | 1.99 | 22.02 | 12.01 | 7.01 | −8.99 | −78.07 |
| Tax % | 26.1% | −32.9% | 35.1% | 6.0% | 26.1% | 26.0% | −24.0% | −26.0% |
| Exceptional items | 1.01 | 0.00 | 0.00 | 15.01 | 1.01 | 0.00 | 0.00 | 8.01 |
| Net Profit | 5.01 | −14.04 | 1.01 | 20.04 | 9.02 | 5.01 | −7.02 | −58.12 |
| EPS (Rs) | 51.02 | −151.51 | 16.23 | 12.05 | 3.91 | 2.22 | −3.12 | −24.85 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.98 | 8.98 | 8.98 | 16.95 | 22.93 | 22.94 | 22.94 | 22.92 |
| Reserves | 84.29 | 71.17 | 72.26 | 125 | 185 | 190 | 184 | 125 |
| Borrowings | 199 | 196 | 195 | 114 | 111 | 113 | 126 | 151 |
| Other Liabilities | 61.70 | 59.71 | 58.82 | 85.59 | 76.62 | 120 | 192 | 44.78 |
| Total Liabilities | 355 | 336 | 335 | 340 | 395 | 446 | 524 | 345 |
| Fixed Assets | 72.79 | 72.77 | 70.73 | 67.79 | 70.81 | 79.73 | 84.73 | 85.71 |
| CWIP | 0.00 | 0.00 | 0.00 | 1.99 | 2.99 | 3.99 | 1.99 | 0.99 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 282 | 262 | 265 | 271 | 321 | 362 | 437 | 258 |
| Inventories | 101 | 92.21 | 69.17 | 69.13 | 79.13 | 105 | 127 | 48.10 |
| Trade receivables | 129 | 123 | 148 | 146 | 164 | 165 | 182 | 113 |
| Cash & equivalents | 7.97 | 8.96 | 6.98 | 6.97 | 15.94 | 10.95 | 15.95 | 4.98 |
| Total Assets | 355 | 336 | 335 | 340 | 395 | 446 | 524 | 345 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −22.94 | 35.94 | 24.95 | 46.87 | −21.94 | 25.93 | 23.95 | −20.94 |
| Cash from investing activity | −1.99 | −3.99 | −1.99 | 13.95 | −7.97 | −14.93 | −7.96 | 3.98 |
| Cash from financing activity | 8.02 | −32.09 | −24.07 | −61.11 | 38.08 | −16.03 | −10.02 | 5.01 |
| Net cash flow | −16.99 | 0.00 | 0.00 | 0.00 | 7.99 | −4.99 | 6.01 | −11.98 |
| Capex | 5.27 | 4.23 | 2.30 | 6.63 | 8.56 | 14.12 | 11.40 | 8.06 |
| Free cash flow | −25.06 | 31.07 | 23.03 | 61.14 | −31.06 | 10.02 | 15.03 | −19.05 |
| CFO / OP % | −71.1% | 374.0% | 91.9% | 182.9% | −80.1% | 85.9% | 127.9% | 28.9% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 65 | 69 | 104 | 88 | 84 | 83 | 91 | 107 |
| Inventory days | 59 | 58 | 57 | 48 | 47 | 61 | 72 | 48 |
| Days payable | 27 | 30 | 40 | 50 | 38 | 59 | 99 | 35 |
| Cash conversion cycle | 99 | 98 | 122 | 88 | 95 | 86 | 66 | 122 |
| Working capital days | 40 | 29 | 54 | 57 | 82 | 76 | 63 | 29 |
| ROCE % | — | 3.0% | 9.1% | 9.0% | 10.1% | 8.0% | 4.0% | −21.0% |
For the Mar 2026 quarter, Swastik Pipe reported sales of ₹146 Cr, down 61.6% year on year and net profit of −₹48.10 Cr. The operating margin was −38.0%.
Swastik Pipe's sales for the year to Mar 2026 were ₹387 Cr.
Net profit for the year to Mar 2026 was −₹58.12 Cr. Earnings per share over the same trailing period were ₹−24.85.
Swastik Pipe reported borrowings of ₹151 Cr at Mar 2026, against cash and equivalents of ₹4.98 Cr.
Cash from operations was −₹20.94 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹19.05 Cr.