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 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,007.55 | 830.28 | 778.09 | 731.93 | 805.01 | 730.83 | 850.44 | 713.10 | 781.63 | 803.54 | 1,156.97 | 1,009.92 |
| YOY Revenue Growth % | 134.62% | 35.5% | 40.2% | 57.68% | -20.1% | -11.98% | 9.3% | -2.57% | -2.9% | 9.95% | 36.04% | 41.62% |
| Other Income | 23.22 | 20.52 | 18.39 | 25.37 | 8.78 | 14.66 | 37.22 | 35.00 | -12.84 | 13.47 | 17.60 | 18.47 |
| Total Income | 1,030.77 | 850.80 | 796.48 | 757.30 | 813.79 | 745.49 | 887.66 | 748.10 | 768.79 | 817.01 | 1,174.57 | 1,028.39 |
| Total Expenses + | 972.38 | 801.03 | 771.12 | 725.19 | 767.52 | 695.23 | 830.81 | 709.13 | 721.07 | 735.29 | 1,079.91 | 923.99 |
| Cost of Materials Consumed | 662.39 | 679.44 | 602.50 | 569.04 | 543.24 | 548.78 | 666.95 | 494.24 | 253.21 | 715.22 | 670.43 | 484.09 |
| Employee Benefit Expense | 18.28 | 16.43 | 17.77 | 19.16 | 18.21 | 16.58 | 18.79 | 17.86 | 18.05 | 20.33 | 24.87 | 21.19 |
| Other Expenses | 115.94 | 120.67 | 93.99 | 68.11 | 107.51 | 114.30 | 97.85 | 79.99 | 97.96 | 180.16 | 433.40 | 184.45 |
| Operating Profit | 35.17 | 29.25 | 6.97 | 6.74 | 37.49 | 35.60 | 19.63 | 3.97 | 60.56 | 68.25 | 77.06 | 85.92 |
| OPM % | 3.5% | 3.5% | 0.9% | 0.9% | 4.7% | 4.9% | 2.3% | 0.6% | 7.7% | 8.5% | 6.7% | 8.5% |
| Profit Before Tax + | 58.39 | 49.77 | 25.36 | 32.11 | 46.27 | 50.26 | 56.85 | 38.97 | 47.72 | 81.72 | 94.66 | 104.39 |
| Tax Expense | 14.92 | 12.62 | 8.11 | 7.97 | 11.21 | 12.65 | 16.53 | 9.84 | 12.11 | 20.83 | 24.46 | 26.44 |
| Tax % | 25.6% | 25.4% | 32% | 24.8% | 24.2% | 25.2% | 29.1% | 25.3% | 25.4% | 25.5% | 25.8% | 25.3% |
| Profit After Tax | 43.47 | 37.15 | 17.25 | 24.14 | 35.06 | 37.61 | 40.32 | 29.13 | 35.61 | 60.89 | 70.20 | 77.95 |
| EPS (Basic) | 7.23 | 6.18 | 2.86 | 3.73 | 5.42 | 5.72 | 6.32 | 4.36 | 4.62 | 8.45 | 9.74 | 10.39 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,455.25 | 3,118.22 | 3,080.10 | 2,092.49 | 2,094.08 | 2,075.18 | 1,759.09 |
| YOY Revenue Growth % | 10.81% | 1.24% | 47.2% | -0.08% | 0.91% | 17.97% | - |
| Other Income | 53.07 | 86.03 | 66.21 | 40.18 | 37.18 | 30.76 | 16.52 |
| Total Income | 3,508.32 | 3,204.25 | 3,146.31 | 2,132.67 | 2,131.26 | 2,105.94 | 1,775.61 |
| Total Expenses + | 3,245.21 | 3,018.75 | 2,997.74 | 2,043.02 | 1,996.65 | 1,969.47 | 1,495.92 |
| Cost of Materials Consumed | 2,133.11 | 2,328.02 | 2,441.83 | 1,456.36 | 1,492.18 | 1,282.69 | 1,166.42 |
| Employee Benefit Expense | 81.10 | 72.73 | 67.22 | 57.98 | 53.11 | 54.12 | 53.96 |
| Other Expenses | 789.75 | 387.77 | 428.77 | 260.22 | 320.84 | 416.58 | 275.54 |
| Operating Profit | 210.04 | 99.47 | 82.36 | 49.47 | 97.43 | 105.71 | 263.17 |
| OPM % | 6.1% | 3.2% | 2.7% | 2.4% | 4.7% | 5.1% | 15% |
| Profit Before Exceptional | 263.11 | 185.50 | 148.57 | 89.65 | 134.61 | 136.47 | 66.24 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.50 |
| Profit Before Tax + | 263.11 | 185.50 | 148.57 | 89.65 | 134.61 | 136.47 | 63.74 |
| Tax Expense | 67.24 | 48.38 | 38.83 | 22.38 | 33.39 | 35.84 | 9.76 |
| Tax % | 25.6% | 26.1% | 26.1% | 25% | 24.8% | 26.3% | 15.3% |
| Profit After Tax | 195.87 | 137.12 | 109.74 | 67.27 | 101.22 | 100.63 | 53.98 |
| EPS (Basic) | 27.17 | 21.18 | 18.19 | 11.21 | 17.72 | 17.62 | 9.45 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 1,506.78 | 959.30 | 867.31 | 790.50 | 618.06 | 603.62 | 0.00 |
| Property, Plant & Equipment | 570.55 | 498.52 | 504.29 | 482.95 | 312.64 | 336.68 | 0.00 |
| Capital Work in Progress | 26.42 | 93.77 | 30.59 | 3.08 | 15.80 | 1.01 | 0.00 |
| Non-Current Investments | 201.30 | 197.46 | 145.40 | 135.89 | 133.28 | 132.16 | 0.00 |
| Goodwill | 111.66 | 0.00 | 0.00 | 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 + | 3,037.94 | 2,513.04 | 1,414.29 | 936.38 | 1,203.82 | 1,187.18 | 0.00 |
| Inventories | 1,211.64 | 931.83 | 351.63 | 107.43 | 305.46 | 331.56 | 0.00 |
| Trade Receivables | 953.30 | 886.10 | 342.29 | 485.08 | 539.85 | 635.28 | 0.00 |
| Cash and Cash Equivalents | 78.78 | 158.58 | 160.55 | 28.41 | 79.15 | 17.00 | 0.00 |
| Current Investments | 70.06 | 18.16 | 222.78 | 0.25 | 0.00 | 0.63 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 1,922.04 | 1,418.83 | 1,278.00 | 1,002.80 | 940.15 | 832.94 | 0.00 |
| Equity Share Capital | 37.50 | 32.37 | 32.37 | 30.05 | 29.59 | 28.55 | 0.00 |
| Other Equity | 1,884.54 | 1,386.46 | 1,245.63 | 972.75 | 910.56 | 804.39 | 0.00 |
| Non-Current Liabilities | 334.73 | 184.34 | 177.17 | 158.91 | 34.72 | 40.85 | 0.00 |
| Current Liabilities | 2,287.95 | 1,869.17 | 826.43 | 565.17 | 847.01 | 917.01 | 0.00 |
| Total Liabilities | 2,622.68 | 2,053.51 | 1,003.60 | 724.08 | 881.73 | 957.86 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 292.87 | 29.47 | 299.44 | -111.89 | 438.15 | -59.78 | 0.00 |
| Cash from Investing Activities | -540.50 | 110.87 | -250.87 | -126.06 | -108.94 | 4.23 | 0.00 |
| Cash from Financing Activities | 183.01 | -142.31 | 83.57 | 187.21 | -267.06 | -63.37 | 0.00 |
| Net Increase/Decrease in Cash | -64.62 | -1.97 | 132.14 | -50.74 | 62.15 | -118.92 | 0.00 |