MarketFriction

Srikalahasthi Pipes Ltd(Merged)

NSE SRIPIPES · Iron & Steel Products
₹200.80 -0.17%
NSE close2022-01-12
Market cap₹938 Cr.
P/E5.66
Merged or delisted Delivery 59.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021
Sales397409361457446398204397427475437439
Expenses341358304395373331206355351410369378
Operating Profit565157637367-24276656861
OPM %14%12%16%14%16%17%-0.8%11%18%14%16%14%
Other Income913121714211516141099
Interest1179131214131212988
Depreciation9910101010111212121213
Profit before tax454750576564-103467555748
Tax %31%24%34%37%-4%21%-24%28%30%27%24%26%
Net Profit313633366851-82547404336
EPS in Rs6.677.677.157.6914.4910.86-1.695.3510.028.529.257.67
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021TTM
Sales7267878649891,0841,1461,1781,5871,5591,6631,5031,778
Expenses6367228138728978799411,3451,3721,4031,3221,508
Operating Profit906551117187267237242187260181270
OPM %12%8%6%12%17%23%20%15%12%16%12%15%
Other Income78107720303751645643
Interest235860554442394340464637
Depreciation192022283135373537414648
Profit before tax56-4-2141119210191201160237145227
Tax %25%-5%-39%7%31%26%27%27%27%21%29%
Net Profit42-4-133982155140147118188104166
EPS in Rs10.56-0.99-3.299.7220.6539.0335.2331.5625.1740.1922.1935.46
Dividend Payout %14%0%0%15%15%13%17%19%24%17%27%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%6%-2%23%
Compounded Profit Growth9%-8%-10%22%
Stock Price CAGR-3%-1%%%
Return on Equity13%12%10%7%
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Sep 2021
Equity Capital404040404040404747474747
Reserves1721671541862546587741,1321,2161,3691,4401,491
Borrowings354490467450429445487442385553300448
Other Liabilities253244245342249239256275537410534612
Total Liabilities8199419061,0189711,3811,5571,8962,1852,3792,3222,598
Fixed Assets3023124414354877999098368599279261,064
CWIP27631720919630244017263
Investments000001471532130015710
Other Assets4905664475634754154898161,3021,4111,0671,461
Total Assets8199419061,0189711,3811,5571,8962,1852,3792,3222,598
Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Cash from Operating Activity10336-14185145158200185114239-125549
Cash from Investing Activity-43-46-66-106-25-73-201-137-16-53-190-107
Cash from Financing Activity-811271-83-72-82-33-1549-13165-334
Net Cash Flow-202-9-4483-343314855-249108
Free Cash Flow60-11-80791208416152128184-230406
CFO/OP104%52%-21%361%118%71%92%95%65%146%-25%323%
Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Debtor Days6369575055636644777211955
Inventory Days111201222129148828514287147142140
Days Payable5710985651226337573613290133
Cash Conversion Cycle11716219411580821141291288617162
Working Capital Days111-23-13-36-32-2-19-3914527634
ROCE %22%15%8%6%14%23%27%19%16%12%16%10%
Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021
Promoters44.00%47.67%47.83%47.83%48.11%48.15%48.15%48.15%48.15%48.15%48.15%48.15%
FIIs4.37%0.95%1.77%2.42%2.69%5.00%7.93%8.88%12.60%17.85%17.86%18.37%
DIIs15.06%14.94%12.60%11.73%11.45%10.82%10.98%8.64%4.56%4.45%3.56%3.61%
Government0.52%0.52%0.52%0.52%0.52%0.52%0.52%0.52%0.52%0.52%0.52%0.52%
Public36.05%35.92%37.27%37.49%37.23%35.51%32.42%33.81%34.17%29.04%29.91%29.35%
No. of Shareholders33,79031,76731,48331,20430,65232,77433,21137,80637,39535,69036,94336,544

Fundamentals

Market Cap₹ 938 Cr.
Current Price₹ 201
Stock P/E5.66
Book Value₹ 329
ROCE10.0 %
ROE7.00 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)22%
Standalone figures.
Valuation
Market capRs 938 Cr
Enterprise valueRs 875 Cr
P/E (TTM)5.66x
Price to book0.63x
Price to sales0.53x
EV / EBITDA2.80x
EV / EBIT3.31x
EV / sales0.49x
Price to cash flow1.71x
Earnings yield17.66%
Dividend yield2.99%
P/E, 3-year average6.53x
P/B, 3-year average0.58x
P/E, 5-year average8.17x
P/B, 5-year average0.99x
Profitability
Operating margin (excl. other income)12.04%
Operating margin (incl. other income)15.79%
EBITDA margin17.55%
Pre-tax margin12.77%
Net profit margin9.32%
Net margin, latest quarter8.16%
ROE7.14%
ROCE10.17%
ROA4.41%
ROE, 3-year average10.26%
ROCE, 3-year average12.69%
ROA, 3-year average6.13%
ROE, 5-year average12.83%
ROCE, 5-year average14.73%
ROA, 5-year average7.30%
ROIC (approx.)13.22%
Tax rate28.72%
Other income / net worth3.79%
Growth
Sales growth (latest year)-9.64%
Profit growth (latest year)-44.77%
Sales CAGR, 3 years-1.80%
Sales CAGR, 5 years5.57%
Profit CAGR, 3 years-11.07%
Profit CAGR, 5 years-7.77%
Sales growth QoQ0.34%
Profit growth QoQ-17.06%
Sales growth YoY (latest quarter)10.49%
Profit growth YoY (latest quarter)43.43%
Per share
EPS (TTM)Rs 35.46
EPS (latest year)Rs 22.20
EPS (latest quarter)Rs 7.67
EPS, 3-year averageRs 29.19
EPS, 5-year averageRs 30.88
Book value per shareRs 318.43
Sales per shareRs 380.65
Cash flow per shareRs 117.54
Free cash flow per shareRs 86.94
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 6.33
Dividend per share, 5-year averageRs 6.20
Dividends
Dividend payout27.03%
Dividend payout, 3-year average22.76%
Dividend payout, 5-year average20.86%
Efficiency
Asset turnover0.65x
Fixed asset turnover1.62x
Inventory turnover3.49x
Inventory days105 days
Debtor days55 days
Debtors turnover6.65x
Creditor days133 days
Cash conversion cycle62 days
Working capital days34 days
Leverage
Total debtRs 300 Cr
Cash and bankRs 363 Cr
Net debtRs -62 Cr
Debt to equity0.20x
Net debt / EBITDA-0.20x
Interest coverage7.08x
Owners' fund to total sources64.04%
Debt to assets12.94%
Cash flow
Cash from Operating Activity (latest year)Rs 549 Cr
Cash from Investing Activity (latest year)Rs -107 Cr
Cash from Financing Activity (latest year)Rs -334 Cr
Net Cash Flow (latest year)Rs 108 Cr
Free cash flow (latest year)Rs 406 Cr
FCFE (approx.: FCF + change in debt)Rs 154 Cr
Cash from ops / profit, 5 years1.38x
Sales to cash flow2.74x
Statement figures
Net sales (TTM)Rs 1,778 Cr
Net sales (latest year)Rs 1,503 Cr
Sales (latest quarter)Rs 439 Cr
Operating profit excl. other income (latest year)Rs 181 Cr
Operating profit (latest quarter)Rs 61 Cr
Other income (TTM)Rs 43 Cr
EBITDA (TTM)Rs 312 Cr
PBDT (TTM)Rs 275 Cr
Profit before tax (TTM)Rs 227 Cr
Tax (latest year)Rs 42 Cr
Net profit (TTM)Rs 166 Cr
Net profit (latest year)Rs 104 Cr
Net profit (latest quarter)Rs 36 Cr
Depreciation (TTM)Rs 48 Cr
Depreciation (latest quarter)Rs 13 Cr
Interest (TTM)Rs 37 Cr
Cost of goods sold (latest year)Rs 1,068 Cr
Total expenditure (latest year)Rs 1,322 Cr
Total income (latest year)Rs 1,559 Cr
Share capitalRs 47 Cr
ReservesRs 1,440 Cr
Shareholders' fundsRs 1,487 Cr
Total assetsRs 2,322 Cr
Net blockRs 926 Cr
Capital work in progressRs 172 Cr
InvestmentsRs 157 Cr
ReceivablesRs 226 Cr
InventoryRs 306 Cr
Other liabilitiesRs 534 Cr
Shares outstanding (crore)4.67
Ownership
Promoter holding48.15% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 5.7 is at the 16th percentile of its own 5.3-year range (median 7.0, low 3.5, high 13.6).
P/B 0.63 is at the 31th percentile (median 0.73).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSRIPIPESNifty 50Difference
1 week-0.7%-2.8% +2.1 pts
1 month-2.7%-6.8% +4.1 pts
3 months-3.8%-7.6% +3.8 pts
6 months-12.8%+0.4% -13.2 pts
1 year+31.3%-9.9% +41.2 pts
2 years+11.9%-13.6% +25.5 pts
3 years+12.0%+14.2% -2.2 pts
5 years-28.3%+27.9% -56.2 pts

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Sep 2021
Sales ₹439 Cr +10.6% vs Sep 2020. Net profit ₹36 Cr +44.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2021-07-30 Annual General Meeting/Dividend - Rs 6 Per Share
2020-07-17 Annual General Meeting/Dividend - Rs 7 Per Share
2019-08-29 Annual General Meeting/Dividend - Rs 6 Per Share
2018-09-11 Annual General Meeting/Dividend Rs 6/- Per Share
2017-09-19 Annual General Meeting/Dividend - Rs 6/- Per Share
2016-08-18 Annual General Meeting/ Dividend - Rs 5/- Per Share
2015-08-14Annual General Meeting/Dividend Rs 3/- Per Share
2014-09-18Annual General Meeting / Dividend Rs.1.50/- Per Share
2013-08-16Annual General Meeting
2012-08-16Annual General Meeting
2011-08-17Annual General Meeting And Dividend Rs.1.50 Per Share
2010-08-17-
2009-08-20Agm/Div-Re.1/- Per Share Purpose Revised
2008-08-18Dividend - 10%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Srikalahasthi Pipes Ltd(Merged)?

Srikalahasthi Pipes Ltd(Merged) (SRIPIPES) has a market capitalisation of Rs 938 Cr. at the 2022-01-12 close.

What is the P/E ratio of Srikalahasthi Pipes Ltd(Merged)?

Srikalahasthi Pipes Ltd(Merged) trades at a P/E of 5.66 on trailing twelve-month profit, at the 2022-01-12 close.

What were Srikalahasthi Pipes Ltd(Merged)'s latest quarterly results?

In the Sep 2021 quarter, Srikalahasthi Pipes Ltd(Merged) sales was Rs 439 Cr (+10.6% vs Sep 2020) and net profit was Rs 36 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03