About Swastik Pipe Limited
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Swastik Pipe Limited is a public limited company based in New Delhi, Delhi, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 10 October 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1973PLC006881. Its GSTIN is 07AAACS0322C1Z5 (Delhi). The company holds 16 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on NSE: SWASTIK.
The company has an authorised share capital of ₹26.25 Cr and a paid-up capital of ₹23.23 Cr. It was formerly known as Swastik Pipes Limited and Swastik Pipe Private Limited. It is led by directors including Sandeep Bansal (Managing Director) and Ravi Shekhar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1/23B Asaf Ali Road, New Delhi, Delhi, India – 110002.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹386.34 Cr, a decline of 48.3% compared to the previous year. For the same year it recorded a net loss of ₹66.04 Cr (net margin -17.1%) and EBITDA of -₹59.43 Cr (EBITDA margin -15.4%). The net worth stands at ₹148.67 Cr (down 27.9% YoY). Total assets are valued at ₹302.34 Cr (down 9.5% YoY).
The company has about 246 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Swastik Pipe. As per MCA filings, the company has open charges of ₹306.83 Cr and satisfied charges of ₹837.35 Cr on record. Court records list 220 cases involving the company, including 171 filed by the company and 49 filed against it; 44 cases are pending. The company has 14 deals on record (8 funding rounds, 6 secondary share transfers), with disclosed funding of ₹116.64 Cr; the latest was in October 2022. Its 7 peer companies in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 3 smaller; the largest is Nezone Tubes (TN) Limited with revenue of ₹893.64 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swastikpipes.com.
Company details
Name history
Swastik Pipe has undergone 2 name changes throughout its history. The company was previously known as Swastik Pipes Limited, and Swastik Pipe Private Limited. The current legal name is Swastik Pipe Limited.
| Company Name | Status |
|---|---|
| Swastik Pipe Limited | Current |
| Swastik Pipes Limited | Previous |
| Swastik Pipe Private Limited | Previous |
CIN history
Swastik Pipe has one previous CIN (Corporate Identification Number): U74899DL1973PLC006881. The current CIN is L74899DL1973PLC006881, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74899DL1973PLC006881 | Current |
| U74899DL1973PLC006881 | Previous |
Contact details
Swastik Pipe Limited's registered office is in New Delhi, Delhi. Its website is swastikpipes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1/23B Asaf Ali Road, New Delhi, Delhi, India – 110002
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Swastik Pipe Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Swastik Pipe operates one associated brand: Swastik Pipe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel pipes and tube products are manufactured, exported, and supplied. | swastikpipes.com |
Business activity
The main business activities of Swastik Pipe are manufacturing and trade. In detail, this covers metal and metal products and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Swastik Pipe Limited, buy the company report.
Financials of Swastik Pipe Limited
FY 2025-26 filings availableSwastik Pipe Limited reported revenue of ₹386.34 Cr (down 48.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 386 | 747 | 729 | 711 | 609 | 522 | 656 |
| Revenue growth | -48.3% | +2.5% | +2.4% | +16.9% | +16.6% | -20.3% | -9.3% |
| EBITDA | (59.43) | 14.36 | 28.81 | 27.29 | 25.30 | 27.74 | 9.59 |
| EBITDA margin | -15.4% | +1.9% | +4.0% | +3.8% | +4.2% | +5.3% | +1.5% |
| Profit before tax | (78.15) | (9.47) | 6.91 | 12.18 | 21.66 | 2.29 | (20.80) |
| Net profit | (66.04) | (7.23) | 5.08 | 8.44 | 5.56 | 1.53 | (13.88) |
| Net profit margin | -17.1% | -1.0% | +0.7% | +1.2% | +0.9% | +0.3% | -2.1% |
| EPS (₹) | (24.78) | (3.11) | 2.21 | 3.90 | 12.02 | 16.15 | (150.99) |
| Balance sheet | |||||||
| Total assets | 302 | 334 | 328 | 321 | 257 | 279 | 280 |
| Net worth | 149 | 206 | 213 | 208 | 142 | 81.29 | 79.81 |
| Total debt | 152 | 126 | 113 | 111 | 114 | 196 | 197 |
| Cash & bank | 4.62 | 16.27 | 10.66 | 15.61 | 7.23 | 6.87 | 8.67 |
| Net working capital | 177 | 242 | 241 | 246 | 183 | 203 | 201 |
| Cash flow | |||||||
| Cash from operations | (20.51) | 23.83 | 25.85 | (22.25) | 47.19 | 25.08 | 35.56 |
| Cash from investing | 3.72 | (8.29) | (15.05) | (7.74) | 14.19 | (1.61) | (3.67) |
| Cash from financing | 5.15 | (9.93) | (15.75) | 38.36 | (61.43) | (23.69) | (32.37) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 386 | 747 | 729 | 711 | 609 | 522 | 656 |
| Revenue growth | -48.3% | +2.5% | +2.4% | +16.9% | +16.6% | -20.3% | -9.3% |
| Other income | 7.92 | 5.40 | 0.95 | 5.82 | 19.61 | 1.67 | 2.55 |
| Total expenses | 446 | 733 | 700 | 684 | 583 | 494 | 646 |
| Employee cost | 14.59 | 18.31 | 16.80 | 15.83 | 12.06 | 10.91 | 17.90 |
| EBITDA | (59.43) | 14.36 | 28.81 | 27.29 | 25.30 | 27.74 | 9.59 |
| EBITDA margin | -15.4% | +1.9% | +4.0% | +3.8% | +4.2% | +5.3% | +1.5% |
| Depreciation | 5.80 | 5.71 | 5.27 | 4.61 | 4.22 | 4.26 | 4.14 |
| Interest | 20.84 | 23.52 | 17.58 | 16.32 | 19.03 | 22.86 | 28.80 |
| Profit before tax | (78.15) | (9.47) | 6.91 | 12.18 | 21.66 | 2.29 | (20.80) |
| Tax | (20.59) | (2.26) | 1.79 | 3.11 | 1.26 | 0.79 | (6.91) |
| Net profit | (66.04) | (7.23) | 5.08 | 8.44 | 5.56 | 1.53 | (13.88) |
| Net profit margin | -17.1% | -1.0% | +0.7% | +1.2% | +0.9% | +0.3% | -2.1% |
| EPS (₹) | (24.78) | (3.11) | 2.21 | 3.90 | 12.02 | 16.15 | (150.99) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 23.23 | 23.23 | 23.23 | 23.23 | 16.98 | 9.20 | 9.20 |
| Reserves & surplus | 125 | 183 | 190 | 185 | 125 | 72.09 | 70.61 |
| Shareholders' funds (net worth) | 149 | 206 | 213 | 208 | 142 | 81.29 | 79.81 |
| Secured loans | 149 | 122 | 107 | 103 | 108 | 141 | 164 |
| Unsecured loans | 3.62 | 4.11 | 5.63 | 7.96 | 5.33 | 54.64 | 32.68 |
| Total debt | 152 | 126 | 113 | 111 | 114 | 196 | 197 |
| Total liabilities | 302 | 334 | 328 | 321 | 257 | 279 | 280 |
| Assets | |||||||
| Gross block | 151 | 149 | 138 | 124 | 117 | 119 | 118 |
| Net block | 86.18 | 85.21 | 79.62 | 70.87 | 67.64 | 71.07 | 73.38 |
| Capital work in progress | 1.03 | 2.12 | 4.48 | 2.74 | 1.59 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 | 0.10 |
| Inventories | 47.83 | 127 | 105 | 78.96 | 69.43 | 69.38 | 92.29 |
| Sundry debtors | 113 | 182 | 165 | 164 | 146 | 148 | 123 |
| Cash & bank balances | 4.62 | 16.27 | 10.66 | 15.61 | 7.23 | 6.87 | 8.67 |
| Loans & advances | 55.12 | 102 | 71.87 | 55.23 | 40.53 | 32.44 | 31.08 |
| Total current assets | 221 | 428 | 352 | 314 | 263 | 257 | 255 |
| Total current liabilities | 43.37 | 185 | 111 | 67.51 | 80.00 | 53.67 | 54.47 |
| Net working capital | 177 | 242 | 241 | 246 | 183 | 203 | 201 |
| Total assets | 302 | 334 | 328 | 321 | 257 | 279 | 280 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 16.27 | 10.66 | 15.61 | 7.23 | 0.20 | 0.42 | 0.90 |
| Net cash from operating activities | (20.51) | 23.83 | 25.85 | (22.25) | 47.19 | 25.08 | 35.56 |
| Net cash from investing activities | 3.72 | (8.29) | (15.05) | (7.74) | 14.19 | (1.61) | (3.67) |
| Net cash from financing activities | 5.15 | (9.93) | (15.75) | 38.36 | (61.43) | (23.69) | (32.37) |
| Net change in cash | (11.65) | 5.61 | (4.94) | 8.37 | (0.04) | (0.21) | (0.48) |
| Closing cash | 4.62 | 16.27 | 10.66 | 15.61 | 7.23 | 6.87 | 8.67 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -48.3% | +2.5% | +2.4% | +16.9% | +16.6% | -20.3% | -9.3% |
| EBITDA growth | -513.9% | -50.2% | +5.6% | +7.9% | -8.8% | +189.3% | -67.7% |
| PBT growth | -725.2% | - | -43.3% | -43.8% | +845.9% | +9998.0% | - |
| Net income growth | -813.4% | -242.3% | -39.8% | +51.8% | +263.4% | +111.0% | -508.2% |
| Revenue CAGR (3Y) | -18.4% | +7.1% | +11.8% | +2.8% | -5.6% | +0.8% | +13.6% |
| EBITDA CAGR (3Y) | - | -17.2% | +1.3% | +41.7% | -5.2% | +11.6% | -19.3% |
| Profitability & leverage | |||||||
| Net income margin | -14.9% | -1.0% | +0.7% | +1.3% | +3.4% | +0.3% | -2.1% |
| Return on capital employed | 0.0% | 0.0% | +7.6% | +9.9% | +9.1% | +8.8% | 0.0% |
| Return on net worth | 0.0% | 0.0% | +2.4% | +5.2% | +4.7% | +1.7% | 0.0% |
| Debt / equity | 0.79 | 0.57 | 0.53 | 0.64 | 1.39 | 2.44 | 2.29 |
| Long-term debt / equity | 0.10 | 0.14 | 0.17 | 0.20 | 0.49 | 0.83 | 0.68 |
| Interest cover | -31.95 | 271.91 | 74.68 | 71.96 | 90.28 | 97.36 | 528.44 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.58 | 5.21 | 5.57 | 5.91 | 5.17 | 4.41 | 5.66 |
| Inventory turnover | 4.42 | 6.46 | 7.94 | 9.59 | 8.77 | 6.46 | 6.79 |
| Debtors turnover | 2.62 | 4.30 | 4.42 | 4.58 | 4.13 | 3.84 | 5.20 |
| EPS (₹) | (24.78) | (3.11) | 2.21 | 3.90 | 12.02 | 16.15 | (150.99) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 64.00 | 88.77 | 91.88 | 89.67 | 83.45 | 883.55 | 867.39 |
To see the full year-wise statements and ratios of Swastik Pipe Limited, buy the company report.
Board of directors of Swastik Pipe Limited
Swastik Pipe has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Bansal | Managing Director | 26 Mar 1990 | 36 Years 6 Months | Current |
| Rajinder Kumar Anand | Director | 01 Feb 2020 | 6 Years 8 Months | Current |
| Ravi Shekhar Also directs: International Ispat Limited | Whole-Time Director | 01 Oct 2025 | 1 Years 0 Months | Current |
| Bhavnesh Also directs: Amrit India Limited, Bodycare Creations Limited, Simar Infrastructures Limited and 1 more | Director | 29 Feb 2024 | 2 Years 7 Months | Current |
Peer comparison
Swastik Pipe Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nezone Tubes (TN) Limited | ₹893.64 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Nezone Tubes (Utkal) Limited | ₹877.5 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| M K K Metal Sections Private Limited | ₹760.92 Cr (FY 2025) | 37.0% | Chennai, Tamil Nadu, India | |||
| Welspun Specialty Solutions Limited | ₹749.09 Cr (FY 2025) | 4.0% | Jhagadia, Gujarat, India | |||
| Mercure Metals and Alloys Private Limited | ₹721.82 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Avon Ispat & Power Limited | ₹682.27 Cr (FY 2025) | 0.0% | Punjab, India | |||
| Iskcon Strips Private Limited | ₹673.62 Cr (FY 2025) | 9.0% | Raipur, Chhattisgarh, India | |||
| Swastik Pipe Limitedthis company | ₹386.34 Cr (FY 2026) | -₹66.04 Cr | -17.1% | -48.3% | 246 | New Delhi, Delhi, India |
To see the full peer comparison of Swastik Pipe Limited, buy the company report.
Auditor
Swastik Pipe Limited is audited by O. Aggarwal & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| O. Aggarwal & Co. | FY 2024 | 005755N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 64.50%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 35.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 64.50% | 64.50% | 64.50% | 64.50% |
| Public | 35.50% | 35.50% | 35.50% | 35.50% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2024 | 100994428 | Others | ₹1.9 Cr | Open | |
| 09 Sep 2024 | 101003589 | Others | ₹5 Cr | Open | |
| 09 May 2024 | 100930417 | Others | ₹35.41 Cr | Open | |
| 19 Jan 2024 | 100863666 | Sbicap Trustee Company Limited | ₹5.11 Cr | Open | |
| 19 Jan 2024 | 100863673 | Bank of India | ₹29.22 Cr | Open |
To see the full charge records of Swastik Pipe Limited, buy the company report.
Total charge records: 72 View all charges
Deals & funding
Swastik Pipe Limited has 14 deals on record (8 funding rounds, 6 secondary share transfers), with disclosed funding of ₹116.64 Cr; the latest was in October 2022.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Funding round | ₹9.99 Cr | Investors: Pushpanjali Investrade Private Limited , Jhanjhari Holdings Pvt Ltd |
| Mar 2017 | Funding round | ₹25 Lakh | Investors: Blue Stone Trade and Finance Private Limited |
| Mar 2015 | Funding round | ₹1.82 Cr | Investors: Media Ventures India Private Limited , S K Bansal & Sons HUF, 2 individuals |
| Mar 2013 | Funding round | ₹4.59 Cr | Investors: Gda Finvest and Trade Private Limited , Media Ventures India Private Limited , Blue Stone Trade and Finance Private Limited , an individual |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Immence E Technologies Private Limited , Mindtree Info Solutions Private Limited , 2 individuals Seller: D N Bansal & Sons Huf, 3 individuals |
To see the full deal history of Swastik Pipe Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Swastik Pipe Limited has 220 court cases on record: 171 filed by Swastik Pipe, 49 filed against it. 44 cases are pending and 176 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 143 | 40 | 35 |
| High courts | 68 | 8 | 9 |
| NCLT | 6 | 0 | 0 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 220)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (RFA(COMM)) | Filed by the company against Rays Power Infra Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Gepdec Infratech Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by SG Finserve Limited | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against GRM Met Mash Projects Pvt Ltd | Pending |
| District court, West, Delhi | Commercial suit | Filed by the company against Arihant Wheels and Cycles Pvt Ltd | Pending |
To see the full case history of Swastik Pipe Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swastik Pipe Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Swastik Pipe Limited has a workforce of 246 employees on its EPFO records as of Feb 08, 2025, across 2 active EPFO establishments.
GST
Swastik Pipe has 16 GST registrations: 5 active and 11 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACS0322C1Z5 | Delhi | Active | 01 Jul 2017 |
| 07AAACS0322C2Z4 | Delhi | Active | 01 Nov 2018 |
| 06AAACS0322C1Z7 | Haryana | Active | 01 Jul 2017 |
| 09AAACS0322C1Z1 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swastik Pipe Limited, buy the company report.
Recent activity
Swastik Pipe Limited has 42 board changes on record since 1973: 24 appointments and 18 cessations. The latest: Pardeep Jain ceased to be Whole-Time Director on 04 Oct 2025.
187 earlier events are in the company report.
Frequently asked questions
Swastik Pipe is an active public limited company based in New Delhi, Delhi, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 10 October 1973 (53+ years old) and is registered under CIN L74899DL1973PLC006881. Listed on NSE: SWASTIK.
Swastik Pipe reported revenue of ₹386.34 Cr for FY 2025-26 (down 48.3% YoY) based on standalone financials.
Swastik Pipe has 4 current directors:
- Sandeep Bansal - Managing Director
- Ravi Shekhar - Whole-Time Director
- Rajinder Kumar Anand - Director
- Bhavnesh - Director
The latest financial statements of Swastik Pipe on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Swastik Pipe is 07AAACS0322C1Z5, registered in Delhi. The company has 16 GST registrations in all, of which 5 are active and 11 are cancelled or inactive. Other active GSTINs include 07AAACS0322C2Z4 (Delhi), 06AAACS0322C1Z7 (Haryana), 09AAACS0322C1Z1 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Swastik Pipe is L74899DL1973PLC006881. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Swastik Pipe is a listed company as per MCA records. Its shares are listed on NSE (symbol: SWASTIK).
Swastik Pipe has 220 court cases on record: 171 filed by the company and 49 filed against it. 44 are pending. Most are in the district courts.
Swastik Pipe was incorporated on 10 October 1973, making it 53+ years old. It is registered with the Registrar of Companies, Delhi.
Swastik Pipe has 14 deals on record (8 funding rounds, 6 secondary share transfers), with disclosed funding of ₹116.64 Cr; the latest was in October 2022.
The peers of Swastik Pipe by revenue are Nezone Tubes (TN) Limited, Nezone Tubes (Utkal) Limited, M K K Metal Sections Private Limited, Welspun Specialty Solutions Limited, Mercure Metals and Alloys Private Limited and 2 more, all in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products).