Standalone figures · ₹ crore · years without a filed annual are summed from quarters
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 217 | 340 | 340 | 405 | 292 | 326 | 517 | 1,010 | 794 | 840 | 954 | |
| COGS | — | 299 | 299 | 376 | -150 | 299 | 472 | 947 | 728 | 802 | 918 |
| Gross profit | — | 41 | 41 | 29 | — | 26 | 46 | 63 | 66 | 38 | 36 |
| 202 | 20 | 20 | 12 | 436 | 14 | 8 | 30 | 29 | 28 | 26 | |
| 15 | 20 | 20 | 17 | 6 | 12 | 37 | 33 | 37 | 10 | 10 | |
| OPM % | 6.9% | 6% | 6% | 4.1% | 2% | 3.8% | 7.2% | 3.3% | 4.6% | 1.2% | 1.1% |
| Depreciation | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 5 | 4 |
| Interest | 6 | 6 | 6 | 8 | 8 | 6 | 8 | 11 | 12 | 7 | 7 |
| 2 | 4 | 4 | 3 | 5 | 3 | 4 | 4 | 10 | 20 | 21 | |
| Profit before tax | 8 | 16 | 16 | 10 | 1 | 7 | 30 | 22 | 30 | 19 | 19 |
| Tax | 3 | 6 | 6 | 2 | 1 | 1 | 4 | 6 | 7 | 5 | 5 |
| Tax % | 33.9% | 35.3% | 35.3% | 24.6% | 126.9% | 20.7% | 13.2% | 26.8% | 24% | 26.8% | 25.2% |
| 5 | 11 | 11 | 8 | 2 | 5 | 26 | 16 | 23 | 14 | 15 | |
| PAT margin % | 2.4% | 3.1% | 3.1% | 1.9% | 0.7% | 1.7% | 5.1% | 1.6% | 2.9% | 1.7% | 1.5% |
| EPS (₹) | 18.8 | 6.3 | 6.3 | 4.5 | 1.3 | 3.2 | 6.3 | 0.7 | 0.4 | 0.1 | 0.1 |
| EPS adjusted (₹) | — | 0.1 | 0.1 | 0.1 | 0 | 0 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 |
| 0% | 0% | 0% | 0% | 0% | 0% | 8% | 0% | 0% | 0% | — | |
| Annual report | Annual report for Mar 2016 | Annual report for Mar 2017 | Annual report for Mar 2018 | Annual report for Mar 2019 | Annual report for Mar 2020 | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | — |
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 8 | 8 | 8 | 8 | 8 | 8 | 47 | 154 | 155 | 164 |
| Reserves | 17 | 66 | 73 | 75 | 80 | 90 | 163 | 137 | 156 | 255 |
| Minority interest | — | — | — | — | — | — | — | — | 0 | — |
| 54 | 49 | 69 | 67 | 76 | 118 | 128 | 99 | 71 | 57 | |
| 24 | 12 | 26 | 38 | 29 | 54 | 32 | 95 | 136 | 74 | |
| Total equity & liabilities | 103 | 135 | 176 | 188 | 193 | 271 | 370 | 486 | 518 | 549 |
| 12 | 25 | 24 | 22 | 32 | 30 | 75 | 79 | 73 | 68 | |
| CWIP | — | — | 1 | 7 | 2 | 6 | 1 | 1 | 3 | 4 |
| Investments | 3 | 8 | 10 | 13 | 18 | 18 | 21 | 17 | 15 | 109 |
| 88 | 102 | 141 | 147 | 141 | 217 | 273 | 388 | 428 | 368 | |
| Total assets | 103 | 135 | 176 | 188 | 193 | 271 | 370 | 486 | 518 | 549 |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Manufacturing - Steel Pipe | 565.09 | 5.53 | 325.11 | 77.11 | 248 | 2.23 |
| Trading- Steel Pipe & Steel Products | 389.24 | 0.35 |
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| -8 | 6 | -11 | 14 | 4 | -33 | -48 | -7 | 15 | 19 | |
| 3 | -5 | -1 | -5 | -6 | -3 | -44 | -4 | 9 | -93 | |
| 7 | -1 | 12 | -9 | 1 | 33 | 94 | 17 | -29 | 71 | |
| Net cash flow | 1 | -0 | 0 | 0 | -2 | -4 | 2 | 6 | -5 | -3 |
| Free cash flow | — | — | — | — | -4 | -39 | -71 | -16 | 9 | 16 |
| CFO / Operating profit % | -41.4% | 30.3% | -79.6% | 240.3% | 36% | -152.2% | -144.9% | -19.6% | 148.2% | 186.3% |
| 223.94 |
| 53.11 |
| 170.83 |
| 0.2 |
₹ crore by fiscal year