MarketFriction

Tijaria Polypipes Ltd

NSE TIJARIA · BSE 533629 · Plastic Products - Industrial
₹6.45 -2.27%
NSE close2026-10-01
52 week range3.55 - 9.80
Market cap₹18.5 Cr.
IPO 2011 · -89% since ESMGSM Price band 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
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.000.000.110.000.000.000.000.000.000.000.000.00
Expenses0.010.030.200.170.040.040.050.100.100.010.040.10
Operating Profit-0.01-0.03-0.09-0.17-0.04-0.04-0.05-0.10-0.10-0.01-0.04-0.10
OPM %-81.82%
Other Income0.040.030.080.130.050.06-3.060.020.100.030.070.05
Interest0.000.000.000.000.000.000.000.000.200.150.140.14
Depreciation0.690.690.700.580.940.760.030.190.190.190.190.17
Profit before tax-0.66-0.69-0.71-0.62-0.93-0.74-3.14-0.27-0.39-0.32-0.30-0.36
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-0.66-0.69-0.71-0.62-0.93-0.74-3.14-0.27-0.40-0.33-0.30-0.36
EPS in Rs-0.23-0.24-0.25-0.22-0.32-0.26-1.10-0.09-0.14-0.12-0.10-0.13
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales87.0363.5476.34149.5373.3962.4654.8813.850.150.000.000.00
Expenses80.9266.0783.95129.7364.6266.1163.9318.100.450.270.250.25
Operating Profit6.11-2.53-7.6119.808.77-3.65-9.05-4.25-0.30-0.27-0.25-0.25
OPM %7.02%-3.98%-9.97%13.24%11.95%-5.84%-16.49%-30.69%-200.00%
Other Income0.19-1.42-1.060.670.360.91-0.110.130.17-2.830.220.25
Interest9.107.187.517.946.406.518.422.010.020.020.490.63
Depreciation11.809.788.236.345.204.764.133.322.762.310.760.74
Profit before tax-14.60-20.91-24.416.19-2.47-14.01-21.71-9.45-2.91-5.43-1.28-1.37
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-14.60-20.92-24.416.19-2.46-14.01-21.70-9.46-2.92-5.43-1.29-1.39
EPS in Rs-6.18-8.85-10.332.32-0.86-4.89-7.58-3.30-1.02-1.90-0.45-0.49
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%%%
Compounded Profit Growth7%14%23%29%
Stock Price CAGR2%1%4%9%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital23.6323.6323.6323.6326.7228.6328.6328.6328.6328.6328.6328.63
Reserves46.3131.7110.79-11.84-5.37-7.73-21.66-43.35-52.78-55.70-61.13-62.42
Borrowings62.0764.6367.2369.9054.1250.7665.8869.1576.3672.4177.4072.82
Other Liabilities13.5410.8713.3630.2335.1024.1424.0213.279.329.189.589.74
Total Liabilities145.55130.84115.01111.92110.5795.8096.8767.7061.5354.5254.4848.77
Fixed Assets75.6765.4157.7147.1339.1934.5233.5628.7925.3122.5517.1216.36
CWIP1.251.360.000.000.000.000.130.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets68.6364.0757.3064.7971.3861.2863.1838.9136.2231.9737.3632.41
Total Assets145.55130.84115.01111.92110.5795.8096.8767.7061.5354.5254.4848.77
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity11.836.00-4.395.8014.928.53-3.402.15-5.333.88-5.165.01
Cash from Investing Activity11.01-1.69-0.72-0.023.44-0.20-3.580.580.170.050.140.06
Cash from Financing Activity-22.14-5.156.63-5.55-20.35-7.688.60-5.145.20-3.984.98-5.06
Net Cash Flow0.70-0.851.510.22-1.990.651.62-2.410.04-0.05-0.040.00
Free Cash Flow22.844.31-5.125.3817.518.03-7.302.57-5.213.88-5.165.01
CFO/OP147%98%174%-76%75%97%93%-24%125%-1,293%1,911%-2,004%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days167.26103.97152.86163.47136.04198.19218.50167.67659.9060,784.67
Inventory Days190.53168.43147.3485.6529.43100.16109.2839.3911.91997.67
Days Payable85.0946.3771.98161.85116.40175.15114.5072.58167.9716,863.00
Cash Conversion Cycle272.71226.03228.2287.2749.07123.19213.27134.49503.8444,919.33
Working Capital Days67.6615.8157.79-31.0834.2080.12153.6967.91324.1530,343.67
ROCE %-3.35%-4.29%-10.73%-16.85%18.22%5.36%-10.44%-20.41%-13.88%-5.88%-5.05%-1.88%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters35.17%35.17%35.17%35.17%35.17%35.17%35.27%35.27%35.27%35.27%36.07%36.14%
FIIs0.00%0.00%3.42%6.13%6.10%5.66%5.10%4.61%3.84%1.55%0.00%0.00%
DIIs25.05%25.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public39.79%39.79%61.41%58.69%58.74%59.18%59.64%60.13%60.91%63.20%63.92%63.86%
No. of Shareholders8,5208,69610,61510,20310,80111,08711,48511,54611,58211,67812,25112,268

Fundamentals

Market Cap₹ 18.5 Cr.
Current Price₹ 6.47
Book Value₹ -11.8
ROCE-1.88 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)%
Compounded Profit Growth (TTM)29%
Standalone figures.
Valuation
Market capRs 18 Cr
Enterprise valueRs 89 Cr
Price to book-0.55x
Price to cash flow3.69x
Earnings yield-7.53%
P/B, 3-year average-0.71x
P/B, 5-year average-0.78x
Profitability
ROE3.89%
ROCE-1.88%
ROA-2.50%
ROE, 3-year average11.17%
ROCE, 3-year average-6.60%
ROA, 3-year average-5.83%
ROE, 5-year average128.44%
ROCE, 5-year average-10.93%
ROA, 5-year average-11.70%
ROIC (approx.)-1.99%
Other income / net worth-0.65%
Per share
EPS (TTM)Rs -0.49
EPS (latest year)Rs -0.45
EPS (latest quarter)Rs -0.13
EPS, 3-year averageRs -1.12
EPS, 5-year averageRs -2.85
Book value per shareRs -11.80
Cash flow per shareRs 1.75
Free cash flow per shareRs 1.75
Efficiency
Inventory turnover0.05x
Inventory days7482 days
Creditor days16863 days
Cash conversion cycle44919 days
Working capital days30344 days
Leverage
Total debtRs 73 Cr
Cash and bankRs 2 Cr
Net debtRs 71 Cr
Debt to equity-2.16x
Interest coverage-1.17x
Owners' fund to total sources-69.28%
Debt to assets149.31%
Cash flow
Cash from Operating Activity (latest year)Rs 5 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Free cash flow (latest year)Rs 5 Cr
FCFE (approx.: FCF + change in debt)Rs 0 Cr
Statement figures
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -0 Cr
PBDT (TTM)Rs -1 Cr
Profit before tax (TTM)Rs -1 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -1 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total income (latest year)Rs 0 Cr
Share capitalRs 29 Cr
ReservesRs -62 Cr
Shareholders' fundsRs -34 Cr
Total assetsRs 49 Cr
Net blockRs 16 Cr
ReceivablesRs 25 Cr
InventoryRs 0 Cr
Other liabilitiesRs 10 Cr
Shares outstanding (crore)2.86
Ownership
Promoter holding36.14% (+0.87 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodTIJARIANifty 50Difference
1 week-4.0%-2.8% -1.2 pts
1 month-4.2%-6.8% +2.6 pts
3 months+50.7%-7.6% +58.3 pts
6 months+58.5%+0.4% +58.1 pts
1 year+6.6%-9.9% +16.5 pts
2 years-51.7%-13.6% -38.2 pts
3 years+10.3%+14.2% -3.9 pts
5 years+4.0%+27.9% -23.9 pts

Red flags

F-score 4 of 6
seriousNegative equity Shareholders' equity is negative
lookRepeated losses Net loss in each of the last two years
lookOn NSE surveillance On NSE surveillance: ESM, GSM
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

Jun 2026
Sales ₹0 Cr. Net loss ₹0 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2024-02-07Extra Ordinary General Meeting
2023-09-20Annual General Meeting
2023-01-02Extra Ordinary General Meeting
2022-09-21Annual General Meeting
2022-03-25Extra Ordinary General Meeting
2021-09-21 Annual General Meeting
2020-09-04 Annual General Meeting
2019-09-17 Annual General Meeting
2018-09-18 Annual General Meeting
2018-02-15 Extra-Oirdinary General Meeting
2017-09-21 Annual General Meeting
2016-09-21 Annual General Meeting
2015-08-20 Annual General Meeting
2014-09-24Annual General Meeting
2013-09-20Annual General Meeting
2012-09-12Annual General Meeting
DateTypeWhat it says
2026-09-25Reply to Clarification- FinaThe Exchange had sought clarification from Tijaria Polypipes Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (List...
2026-09-02Clarification - Financial ReThe Exchange has sought clarification from Tijaria Polypipes Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (List...
2026-08-14General UpdatesGeneral Updates
2026-08-14Director changeChange in Director(s) of the company.
2026-08-14Board meeting outcomeTijaria Polypipes Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-08Shareholder meetingVoting results.
2026-08-07AppointmentAppointment of Ms Ms. Vishakha Saini as Non- Executive Independent Director of the company w.e.f. August 07, 2026.
2026-08-07Shareholder meetingProceedings of Annual General Meeting held on August 07, 2026
2026-07-31General UpdatesGeneral Updates
2026-07-14General UpdatesGeneral Updates
2026-07-14General UpdatesGeneral Updates
2026-07-14Shareholder meetingNotice of Annual General Meeting to be held on August 07, 2026
2026-07-09AppointmentAppointment of Ms. Vishakha Saini as Non- Executive Director of the company w.e.f. July 09, 2026.
2026-07-09AppointmentAppointment of Ms Pramod & Associates, Chartered Accountants, as Other of the company w.e.f. July 09, 2026.
2026-07-09Board meeting outcomeOutcome of Board Meeting held on July 09, 2026.
2026-06-25Updates.
2026-06-22Disclosure under SEBI TakeovTijaria Polypipes Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-06-20Resignation of Statutory AudResignation of Statutory Auditor
2026-06-20CessationCessation of AMIT RAMAKANT & CO, CHARTERED ACCOUNTANTS as Other of the company w.e.f. Jun 20, 2026.
2026-05-26Board meeting outcomeTijaria Polypipes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-08Disclosure of material issueTijaria Polypipes Limited has informed regarding Disclosure of material issue
2026-04-01General UpdatesGeneral Updates
2026-03-30General UpdatesGeneral Updates
2026-03-30General UpdatesGeneral Updates
2026-03-30General UpdatesGeneral Updates
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.
Order dateForumCase
2021-08-05NCLTTijaria Polypipes Ltd. Vs Rock Drill Projects Pvt. Ltd.
2021-07-08NCLTTijaria Polypipes Ltd. Vs Rock Drill Projects Pvt. Ltd.
2021-03-15NCLATTijaria Polypipes Ltd VS Kevadiya Construction Pvt Ltd
2021-02-23NCLTTijaria Polypipes Ltd. Vs Rock Drill Projects Pvt. Ltd.
2021-02-18NCLTM/s Tijaria Polypipes Ltd. Vs M/s Rock Drill Projects Pvt. Ltd.
2021-02-12NCLATTijaria Polypipes Ltd VS Kevadiya Construction Pvt Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)ESM: stage 1GSMLoss making
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03