INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol SWASTIK
MSEI Symbol NA
ISIN INE0DGC01025
Name of Company SWASTIK PIPE LIMITED
Type of company SME
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 28-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment STEEL PIPES
Start date and time of board meeting 28-May-2025   15:00:00
End date and time of board meeting 28-May-2025   18:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? No
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-28
Indicate Company website link for updated RPT policy of the Company https://swastikpipes.com/policies/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes


Financial Results — Other than Bank
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Oct-2024 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Revenue From Operations
Revenue from operations 3657791000 7471665000
Other income 6879000 8196000
Total Income 3664670000 7479861000
2 Expenses
(a) Cost of materials consumed 2906514000 5716895000
(b) Purchases of stock-in-trade 447638000 981254000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -156027000 -204264000
(d) Employee benefit expense 95211000 183108000
(e) Finance costs 83240000 235176000
(f) Depreciation and amortisation expense 26746000 57074000
(g) Other Expenses
1 Other Expenses 247127000 605426000
Total other expenses 247127000 605426000
Total expenses 3650449000 7574669000
3 Profit before exceptional and extraordinary items and tax 14221000 -94808000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 14221000 -94808000
6 Extraordinary items 0 0
7 Profit before tax 14221000 -94808000
8 Tax Expense
Current tax 2111000 0
Deferred tax 1842000 -22629000
Total tax expenses 3953000 -22629000
9 Net Profit Loss for the period from continuing operations 10268000 -72179000
10 Profit (loss) from discontinuing operations before tax 0 0
11 Tax expense of discontinuing operations 0 0
12 Net profit (loss) from discontinuing operation after tax 0 0
13 Profit (loss) for period before minority interest 10268000 -72179000
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 10268000 -72179000
17 Details of equity share capital
Paid-up equity share capital 232315000 232315000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 0
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.44 -3.11
Diluted earnings (loss) per share from continuing and discontinued operations 0.44 -3.11
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results


Remarks
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax -94808000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 235176000
Adjustments for depreciation and amortisation expense 57074000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow -6758000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 2978000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 288470000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -224682000
Adjustments for decrease (increase) in trade receivables -168674000
Adjustments for decrease (increase) in other current assets -303191000
Adjustments for increase (decrease) in trade payables 725021000
Adjustments for increase (decrease) in other current liabilities 22299000
Adjustments for provisions 0
Total adjustments for working capital 50773000
Total adjustments for reconcile profit (loss) 339243000
Net cash flows from (used in) operations 244435000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 4164000
Other inflows (outflows) of cash -1942000
Net cash flows from (used in) operating activities before extraordinary items 238329000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities 238329000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property plant and equipment 1100000
Purchase of property plant and equipment 90211000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 6172000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -82939000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -82939000
Cash flows from used in financing activities
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 135844000
Repayments of borrowings 0
Dividends paid 0
Interest paid 235176000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items -99332000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities -99332000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 56058000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 56058000
Cash and cash equivalents cash flow statement at beginning of period 106647000
Cash and cash equivalents cash flow statement at end of period 162705000


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 232315000
Reserves and surplus 1830058000
Money received against share warrants 0
Total shareholders' funds 2062373000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest
5 Non-current liabilities
Long-term borrowings 253024000
Deferred tax liabilities (net) 63009000
Foreign currency monetary item translation difference liability account 0
Other long-term liabilities 3492000
Long-term provisions 10216000
Total non-current liabilities 329741000
6 Current liabilities
Short-term borrowings 1010719000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1737241000
Total Trade payable 1737241000
Other current liabilities 100482000
Short-term provisions 13515000
Total current liabilities 2861957000
Total equity and liabilities 5254071000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 851861000
Producing properties 0
Intangible assets 167000
Preproducing properties 0
Property, Plant and Equipment capital work-in-progress 21201000
Intangible assets under development or work-in-progress 0
Total Property, Plant and Equipment and Intangible assets 873229000
ii Non-current investments 5000
v Deferred tax assets (net) 0
vi Foreign currency monetary item translation difference asset account 0
vii Long-term loans and advances 87446000
viii Other non-current assets 17163000
Total non-current assets 977843000
Current assets
Current investments 0
Inventories 1269749000
Trade receivables 1821172000
Cash and cash equivalents 162706000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 794906000
Other current assets 227695000
Total current assets 4276228000
Total assets 5254071000
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Oct-2024 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 O.AGGARWAL & CO. Yes 31-Mar-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 7479861000 7151812000
2 Total Expenditure 7574669000 7574669000
3 Net Profit/(Loss) -72179000 -317664000
4 Earnings Per Share -3.11 -13.67
5 Total Assets 5254071000 4926022000
6 Total Liabilities 5254071000 4926022000
7 Net Worth 2062373000 1816888000


Standalone Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) Interest chrged from Govt Departments in tune of Rs. 3280.49 Lakhs has increased the revenue Note 58 to notes to accounts and Note 21 of financial Statement
Textual Information(2) The company has sold goods under Jal Shakti Mission to Public Health & Engineering departments of the State of Jammu Kashmir and Shimla Himachal Pradesh Due to delay in payments from these departments the Company has suffered huge financial burden of Interest on the borrowed funds apart from loss of business opportunities Accordingly in terms of clause 1 of the Invoice the company is entitled to charge recover interest on delayed payments from these departments As such the Company has raised debit notes amounting to Rs 3280.49 lacs for the interest on delayed payments of these departments and have also deposited GST on the same as per law The total amount of Rs 3492.14 Lacs as stated in Note 21 includes the amount of the Debit Notes for interest on delayed payments The Company has already submitted its claim to the respective departments and as per the precedence there is every possibility that the Company will be successful in recovering the same from the respective state governments The income from these debit notes is disclosed under Other Operating Revenues under the head Revenue from Operations
Textual Information(3) No impact
Textual Information(4) Management is of the view that all the assets and liabilities has been taken as good and at their realisable value
Textual Information(5) nAttention is invited to Note No. 41 and 35 of notes to accounts which contains the details of Trade receivable Trade payables other long & short term liabilities long & short terms loans and advances Advance to supplier are subject to confirmation and reconciliation Further company has made provisions only for disputed trade receivable and not made the provision on trade receivable which are undisputed outstanding since a long time n


Signatories details

Name of CEO / Managing director SANDEEP BANSAL
Name of CFO SUNIL GAUTAM
Name of audit committee chairman VISHAL DUGGAR
Name of statutory auditor SHUBHAM GUPTA
Name of other signatory, if any, with designation
Place DELHI
Date 28-May-2025


Signatory Details
Name of signatory
Designation of person
Place
Date


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 SWASTIK PIPE LIMITED SANDEEP BANSAL MANAGING DIRECTOR Interest paid 433000 Transaction at Arms Length Price 433000 2025-05-28 433000 848000 1038000
2 SWASTIK PIPE LIMITED SANDEEP BANSAL MANAGING DIRECTOR Loan 1200000 Loan Taken from Sandeep Bansal 1200000 2025-05-28 1400000 4289000 5689000
3 SWASTIK PIPE LIMITED SANDEEP BANSAL MANAGING DIRECTOR Remuneration 2640000 Remuneration Paid 2640000 2025-05-28 2640000 0 0
4 SWASTIK PIPE LIMITED SANDEEP BANSAL MANAGING DIRECTOR Any other transaction Rent Paid 600000 Rent Paid at ALP 600000 2025-05-28 600000 0 0
5 SWASTIK PIPE LIMITED ANUPAMA BANSAL WIFE OF MD Interest paid 930000 Transaction at Arms Length Price 930000 2025-05-28 930000 1697000 2534000
6 SWASTIK PIPE LIMITED ANUPAMA BANSAL WIFE OF MD Any other transaction Consultancy Fees 500000 Consultancy Fees 500000 2025-05-28 500000 0 0
7 SWASTIK PIPE LIMITED SURENDRA KUMAR GOEL DIRECTOR Remuneration 1674000 Remuneration Paid 1674000 2025-05-28 1674000 0 0
8 SWASTIK PIPE LIMITED YASHIKA BANSAL DAUGHTER OF MD Remuneration 1300000 Remuneration Paid 1300000 2025-05-28 1300000 0 0
9 SWASTIK PIPE LIMITED SANDEEP KHUDA DIRECTOR Remuneration 1251000 Remuneration Paid 1251000 2025-05-28 1251000 0 0
10 SWASTIK PIPE LIMITED GDA FINVEST & TRADE PVT LTD Director Mother is Beneficail Owner Interest paid 13000 Interest Paid 13000 2025-05-28 13000 17000 12000
11 SWASTIK PIPE LIMITED GDA FINVEST & TRADE PVT LTD Director Mother is Beneficail Owner Loan 50000 Loan Paid 50000 2025-05-28 50000 180000 130000
Total value of transaction during the reporting period 10791000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 1010719000
B Of the total amount outstanding, amount of default as on date 0 NO Defaut made
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0 No Unlisted Debt Securities issued by the company
B Of the total amount outstanding, amount of default as on date 0 NA
3. Total financial indebtedness of the listed entity including short-term and long-term debt 1263743000