As per the attachment.
We wish to inform you that CRISIL Ratings Limited has upgraded the Long-Term Ratings of the Company on June 1, 2026.
We wish to inform you that the transcript of Conference Call held with analysts / investors on Tuesday, May 26, 2026, has been uploaded on the website of the Company.
We are enclosing herewith the Statement of Deviation/ Variation in respect of Preferential Issue of 1219512 Convertible Warrants to Promoters and Preferential Issue of 7774383 Equity Shares to non-promoters for the quarter ended March 31, 2026.
We are enclosing herewith the Annual Secretarial Compliance Report of the Company for the year ended March 31, 2026, issued by M/s Mayank Arora & Co., Practicing Company Secretaries.
As per the attachment.
As per the attachment.
Investor and Analyst Presentation in respect of National Pipe Company.
Earnings Presentation for the Q4 & FY 26.
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 490.42 | 1,018.00 | 833.02 | 810.68 | 748.70 | 806.23 | 731.94 | 1,218.49 | 742.13 | 834.09 | 830.38 | 1,157.30 |
| YOY Revenue Growth % | -3.93% | 118.89% | 26.58% | 35.64% | 52.67% | -20.8% | -12.13% | 50.3% | -0.88% | 3.46% | 13.45% | -5.02% |
| Other Income | 3.58 | 21.18 | 14.35 | 14.34 | 20.09 | 10.73 | 5.54 | 15.46 | 31.49 | -19.29 | 8.34 | 8.21 |
| Total Income | 494.00 | 1,039.18 | 847.37 | 825.02 | 768.79 | 816.96 | 737.48 | 1,233.95 | 773.62 | 814.80 | 838.72 | 1,165.51 |
| Total Expenses + | 479.61 | 985.10 | 804.15 | 792.58 | 741.29 | 774.15 | 690.62 | 1,142.77 | 735.37 | 765.37 | 762.43 | 1,092.54 |
| Cost of Materials Consumed | 523.35 | 671.63 | 682.27 | 618.99 | 583.15 | 548.44 | 543.43 | 660.75 | 514.93 | 302.73 | 735.96 | 663.47 |
| Employee Benefit Expense | 14.96 | 18.96 | 16.81 | 18.08 | 20.29 | 19.65 | 16.37 | 20.75 | 19.72 | 20.39 | 22.69 | 29.25 |
| Other Expenses | 98.26 | 118.76 | 120.22 | 94.25 | 68.32 | 107.43 | 114.41 | 101.89 | 82.99 | 90.64 | 182.37 | 449.68 |
| Operating Profit | 10.81 | 32.90 | 28.87 | 18.10 | 7.41 | 32.08 | 41.32 | 75.72 | 6.76 | 68.72 | 67.95 | 64.76 |
| OPM % | 2.2% | 3.2% | 3.5% | 2.2% | 1% | 4% | 5.6% | 6.2% | 0.9% | 8.2% | 8.2% | 5.6% |
| Profit Before Tax + | 14.39 | 54.08 | 43.22 | 32.44 | 27.50 | 42.81 | 46.86 | 91.18 | 38.25 | 49.43 | 76.29 | 72.97 |
| Tax Expense | 3.18 | 15.04 | 12.62 | 8.31 | 8.45 | 10.95 | 12.74 | 23.04 | 10.64 | 12.45 | 21.25 | 22.12 |
| Tax % | 22.1% | 27.8% | 29.2% | 25.6% | 30.7% | 25.6% | 27.2% | 25.3% | 27.8% | 25.2% | 27.9% | 30.3% |
| Profit After Tax | 11.21 | 39.04 | 30.60 | 24.13 | 19.05 | 31.86 | 34.12 | 68.14 | 27.61 | 36.98 | 55.04 | 50.85 |
| EPS (Basic) | 1.90 | 6.68 | 5.09 | 4.00 | 2.94 | 4.92 | 5.36 | 9.15 | 4.13 | 4.83 | 7.64 | 7.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,563.90 | 3,505.35 | 3,142.18 | 2,231.34 | 2,138.63 | 2,080.20 | 1,759.28 |
| YOY Revenue Growth % | 1.67% | 11.56% | 40.82% | 4.34% | 2.81% | 18.24% | - |
| Other Income | 28.59 | 51.82 | 52.05 | 39.56 | 37.08 | 30.76 | 16.55 |
| Total Income | 3,592.49 | 3,557.17 | 3,194.23 | 2,270.90 | 2,175.71 | 2,110.96 | 1,775.83 |
| Total Expenses + | 3,355.55 | 3,348.82 | 3,049.93 | 2,180.52 | 2,040.74 | 1,974.27 | 1,494.62 |
| Cost of Materials Consumed | 2,217.09 | 2,335.77 | 2,487.47 | 1,456.36 | 1,535.29 | 1,282.69 | 1,166.42 |
| Employee Benefit Expense | 92.05 | 77.06 | 68.81 | 59.94 | 54.12 | 54.89 | 55.92 |
| Other Expenses | 803.93 | 392.05 | 428.72 | 261.23 | 320.63 | 416.08 | 272.28 |
| Operating Profit | 208.35 | 156.53 | 92.25 | 50.82 | 97.89 | 105.93 | 264.66 |
| OPM % | 5.8% | 4.5% | 2.9% | 2.3% | 4.6% | 5.1% | 15% |
| Profit Before Exceptional | 236.94 | 208.35 | 144.30 | 90.38 | 134.97 | 136.69 | 67.76 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.50 |
| Profit Before Tax + | 236.94 | 208.35 | 144.30 | 90.38 | 134.97 | 136.69 | 65.26 |
| Tax Expense | 66.46 | 55.18 | 39.16 | 22.38 | 33.39 | 35.84 | 9.76 |
| Tax % | 28% | 26.5% | 27.1% | 24.8% | 24.7% | 26.2% | 15% |
| Profit After Tax | 170.48 | 153.17 | 105.14 | 68.00 | 101.58 | 100.85 | 55.50 |
| EPS (Basic) | 23.65 | 23.66 | 17.42 | 11.33 | 17.78 | 17.66 | 9.72 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 1,487.51 | 1,028.58 | 817.66 | 788.01 | 601.17 | 577.76 | 0.00 |
| Property, Plant & Equipment | 654.57 | 572.41 | 539.67 | 488.98 | 318.33 | 336.70 | 0.00 |
| Capital Work in Progress | 325.78 | 133.41 | 30.54 | 14.45 | 19.88 | 1.01 | 0.00 |
| Non-Current Investments | 1.43 | 0.00 | 0.00 | 102.30 | 102.30 | 102.30 | 0.00 |
| Goodwill | 207.76 | 68.82 | 63.93 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.32 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Assets + | 3,533.10 | 2,750.57 | 1,597.50 | 939.87 | 1,218.73 | 1,208.14 | 0.00 |
| Inventories | 1,535.00 | 1,268.54 | 645.63 | 120.79 | 318.34 | 331.56 | 0.00 |
| Trade Receivables | 1,009.78 | 895.89 | 355.10 | 493.93 | 544.34 | 655.95 | 0.00 |
| Cash and Cash Equivalents | 189.20 | 244.88 | 188.61 | 36.89 | 81.95 | 17.29 | 0.00 |
| Current Investments | 70.77 | 25.95 | 227.98 | 0.32 | 0.00 | 0.63 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 2,086.54 | 1,607.27 | 1,404.87 | 1,004.18 | 942.18 | 834.88 | 0.00 |
| Equity Share Capital | 37.50 | 32.37 | 32.37 | 30.05 | 29.59 | 28.55 | 0.00 |
| Other Equity | 2,049.04 | 1,574.90 | 1,372.50 | 974.13 | 912.59 | 806.33 | 0.00 |
| Non-Current Liabilities | 336.71 | 186.94 | 180.31 | 159.25 | 34.73 | 40.85 | 0.00 |
| Current Liabilities | 2,597.36 | 1,984.94 | 829.98 | 564.45 | 842.99 | 910.17 | 0.00 |
| Total Liabilities | 2,934.07 | 2,171.88 | 1,010.29 | 723.70 | 877.72 | 951.02 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 472.23 | 66.93 | 257.46 | -118.75 | 450.94 | -59.90 | 0.00 |
| Cash from Investing Activities | -593.93 | -44.70 | -263.69 | -135.49 | -119.06 | 4.26 | 0.00 |
| Cash from Financing Activities | 135.99 | 34.05 | 157.86 | 209.18 | -267.22 | -63.10 | 0.00 |
| Net Increase/Decrease in Cash | 14.29 | 56.28 | 151.63 | -45.06 | 64.66 | -118.74 | 0.00 |