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Tijaria Polypipe Overview

Tijaria Polypipes Ltd. is an Indian publicly listed company that manufactures and sells a wide range of plastic piping and related products used across infrastructure, agriculture, industrial and housing sectors. Its product portfolio includes HDPE (high‑density polyethylene) pipes, PLB HDPE ducts, MDPE pipes, double‑wall corrugated (DWC) HDPE pipes, uPVC and PVC‑U pipes, sprinkler and drip irrigation systems, electrical conduit pipes and fittings, all marketed mainly under the Tijaria and Vikas brand names. The company also operates a sm...Read More

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Tijaria Polypipe Key Financials

Market Cap ₹13 Cr.

Stock P/E -2.3

P/B -0.4

Current Price ₹4.4

Book Value ₹ -11.7

Face Value 10

52W High ₹10.5

Dividend Yield 0%

52W Low ₹ 3.6

Tijaria Polypipe Share Price

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Volume
Price

Tijaria Polypipe Quarterly Price

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Tijaria Polypipe Peer Comparison

Tijaria Polypipe Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit 0 0 -0 -0 0 0 0 -0 -0 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 0 0 0 0
Exceptional Income / Expenses -0 0 0 0 -0 0 -3 0 0 0
Profit Before Tax -1 -1 -1 -1 -1 -1 -3 -0 -0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -1 -1 -1 -1 -1 -1 -3 -0 -0 -0
Adjustments 0 -0 0 0 -0 -0 0 0 0 0
Profit After Adjustments -1 -1 -1 -1 -1 -1 -3 -0 -0 -0
Adjusted Earnings Per Share -0.2 -0.2 -0.2 -0.2 -0.3 -0.3 -1.1 -0.1 -0.1 -0.1

Tijaria Polypipe Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 69 87 64 76 150 73 62 55 14 0 0 0
Other Income 5 0 0 0 1 0 1 0 0 0 0 0
Total Income 74 87 64 77 150 74 63 55 14 0 0 0
Total Expenditure 61 81 66 85 130 65 66 64 18 0 3 0
Operating Profit 13 6 -2 -9 21 9 -3 -9 -4 -0 -3 0
Interest 9 9 7 8 8 6 7 8 2 0 0 0
Depreciation 14 12 10 8 6 5 5 4 3 3 2 0
Exceptional Income / Expenses 0 -0 -2 -0 -0 0 -0 -0 -0 -0 0 -3
Profit Before Tax -9 -15 -21 -24 6 -2 -14 -22 -9 -3 -5 -3
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax -9 -15 -21 -24 6 -2 -14 -22 -9 -3 -5 -3
Adjustments 0 0 0 0 0 -0 0 0 0 0 0 0
Profit After Adjustments -9 -15 -21 -24 6 -3 -14 -22 -9 -3 -5 -3
Adjusted Earnings Per Share -3.9 -6.2 -8.9 -10.3 2.3 -0.9 -4.9 -7.6 -3.3 -1 -1.9 -1.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -100% -100% -100%
Operating Profit CAGR 0% 0% NAN% NAN%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -31% -5% -9% -3%
ROE Average 0% 0% -20% -24%
ROCE Average -12% -11% -13% -7%

Tijaria Polypipe Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 70 55 34 12 21 21 7 -15 -24 -27 -33
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 28 24 44 39 37 35 60 58 65 65 66
Other Non-Current Liabilities 1 0 -0 0 0 0 0 0 0 0 0
Total Current Liabilities 47 51 37 61 52 40 30 24 20 16 21
Total Liabilities 146 131 115 112 111 96 97 68 62 55 54
Fixed Assets 76 65 58 49 39 35 34 29 25 23 17
Other Non-Current Assets 9 10 8 4 2 2 2 2 2 2 2
Total Current Assets 61 56 49 59 69 59 61 37 34 30 35
Total Assets 146 131 115 112 111 96 97 68 62 55 54

Tijaria Polypipe Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 0 2 2 0 1 2 0 0 0
Cash Flow from Operating Activities 12 6 4 6 15 9 -3 2 -5 4 -5
Cash Flow from Investing Activities 11 -2 -0 -0 3 -0 -4 1 0 0 0
Cash Flow from Financing Activities -22 -5 -2 -6 -20 -8 9 -5 5 -4 5
Net Cash Inflow / Outflow 1 -1 2 0 -2 1 2 -2 0 -0 -0
Closing Cash & Cash Equivalent 1 0 2 2 0 1 2 0 0 0 0

Tijaria Polypipe Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -3.87 -6.18 -8.86 -10.33 2.32 -0.86 -4.9 -7.58 -3.3 -1.02 -1.9
CEPS(Rs) 1.85 -1.19 -4.72 -6.85 4.69 0.95 -3.23 -6.14 -2.14 -0.05 -1.09
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 29.6 23.42 14.57 4.22 7.73 7.3 2.43 -5.14 -8.44 -9.46 -11.35
Core EBITDA Margin(%) 10.96 6.58 -3.86 -11.59 13.12 11.89 -5.82 -17.03 -30.88 -206.21 0
EBIT Margin(%) -0.58 -5.97 -20.81 -21.85 9.46 5.36 -12.01 -24.2 -53.74 -1952.45 0
Pre Tax Margin(%) -12.54 -15.85 -31.68 -31.56 4.15 -3.36 -22.44 -39.55 -68.29 -1963.75 0
PAT Margin (%) -12.54 -15.85 -31.68 -31.56 4.15 -3.36 -22.44 -39.55 -68.29 -1963.75 0
Cash Profit Margin (%) 6 -3.04 -16.87 -20.92 8.39 3.72 -14.81 -32.03 -44.3 -102.45 0
ROA(%) -6.1 -10.56 -17.03 -21.52 5.57 -2.39 -14.55 -26.38 -14.63 -5.03 -9.96
ROE(%) -12.28 -23.31 -46.64 -109.97 40.47 -11.86 -100.62 0 0 0 0
ROCE(%) -0.31 -4.36 -12.27 -18.18 17.99 5.34 -10.38 -20.87 -13.96 -5.95 -12
Receivable days 148.88 111.85 142.01 143.5 109.75 237.7 225.74 208.21 662.32 0 0
Inventory Days 98.42 101.29 126.7 80.03 28.85 51.64 79.47 68.58 82.71 1125.77 0
Payable days 69.22 56.35 67.97 108.39 108.46 222.72 136.64 89.42 210.6 0 0
PER(x) 0 0 0 0 6.4 0 0 0 0 0 0
Price/Book(x) 0.08 0.24 0.43 1.79 1.92 0.54 2.59 -1.25 -0.52 -1.35 -0.48
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.96 0.89 1.3 1.08 0.61 0.79 1.26 1.55 6.3 721.44 0
EV/Core EBITDA(x) 5.12 12.18 -38.95 -9.63 4.42 6.39 -28.89 -9.27 -21.22 -912.86 -29.34
Net Sales Growth(%) -37.19 25.79 -26.98 19.91 95.96 -50.92 -14.89 -12.13 -74.77 -98.93 -100
EBIT Growth(%) 68.4 -1199.2 -150.03 -22.9 183.7 -72.19 -290.72 -77.15 43.98 61.04 -86.65
PAT Growth(%) 15.26 -59.53 -43.34 -16.63 125.4 -139.73 -468.81 -54.89 56.44 69.16 -86.19
EPS Growth(%) 15.26 -59.53 -43.34 -16.63 122.46 -137.09 -468.8 -54.89 56.44 69.16 -86.19
Debt/Equity(x) 0.89 1.17 2.03 7.01 2.62 2.43 9.46 -4.7 -3.16 -2.67 -2.38
Current Ratio(x) 1.3 1.08 1.34 0.96 1.32 1.5 2.04 1.53 1.7 1.86 1.65
Quick Ratio(x) 0.79 0.55 0.83 0.71 1.16 1.19 1.55 1.29 1.67 1.84 1.63
Interest Cover(x) -0.05 -0.6 -1.91 -2.25 1.78 0.61 -1.15 -1.58 -3.7 -172.8 -303.28
Total Debt/Mcap(x) 10.51 4.94 4.72 3.92 1.36 4.53 3.65 3.77 6.06 1.98 4.98

Tijaria Polypipe Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 35.16 35.16 35.16 35.16 35.16 35.26 35.26 35.26 35.26 36.07
FII 0 3.42 6.13 6.1 5.66 5.1 4.61 3.84 1.55 0
DII 25.05 0 0 0 0 0 0 0 0 0
Public 39.79 61.42 58.71 58.74 59.18 59.64 60.13 60.9 63.19 63.93
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Tijaria Polypipe News

Tijaria Polypipe Pros & Cons

Pros

  • Stock is trading at -0.4 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 36.07%.
  • Company has a low return on equity of 0% over the last 3 years.
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