Swastik Pipes Ltd - Stock Valuation and Financial Performance

The Company was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of “Swastik Pipes Private Limited” bearing Registration Number dated October 10, 1973 issued by the Registrar of Companies, Delhi. Subsequently, the Company was converted into public limited company pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting held on August 16, 2002, and name of the Company was changed to “Swastik Pipes Limited” and a fresh Certificate of Incorporation dated March 21, 2003 was issued by Registrar of Companies, Delhi. After that, the name of the company was changed to “Swastik Pipe Limited” and a fresh Certificate of Incorporation dated April 03, 2013, was issued by Registrar of Companies, Delhi.

Swastik Pipe is manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils, Swaged Tubular Poles, Solar Structure and Steel Structures. The company use raw material of premium quality i.e. prime steel from SAIL - Steel Authority of India, Tata Steel and high purity zinc is being sourced from Hindustan Zinc, which makes it comfortable to supply the quality material all over the world.

At present, the company has highly sophisticated and technically competent plants are located at Bahadurgarh, Distt. Jhajjar, Haryana (Unit no.1) and at Kotwan, Kosi Kalan, Distt. Mathura, Uttar Pradesh (Unit No. 2). It has diversified its Manufacturing activities towards production of Solar Module Mounting Structures, Transmission Towers, Steel Tubular Poles and Solar Poles Special Structure for Railways, Scaffolding, Formwork and crash barrier. It is one of the oldest manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India. Steel pipes and tubes can be used for many purposes such as steel pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc. It has a very wide range of steel pipes and tubes products. The lengths of the steel pipes & tubes range from 4m to 7m unless otherwise specified by the customers. It manufactures steel pipes and tubes in various shapes and size such square, round, rectangular and elliptical or any special shape.

The company brings the latest modern manufacturing technology. Automatic temperature control of voltage stabilizing and other electrical parameters so that no fluctuation of heat/voltage/current takes place irrespective of the speed/thickness, thereby yielding uniform bead inside the pipe and no friction loss. All pipes are subjected to all required physical and chemical tests before reaching to customer. The company has a well-maintained laboratory with provisions for offline testing at different stages of production. Stringent Quality Control is exercised with latest facility right from the selection of raw material to the finished product. All tubes are subjected to extensive test including the hydraulic test, so that there is no leakages and before leaving, pipes passes through prescribed quality control process to ensure the best quality.

Business area of the company

The company is one of the leading manufacturer and exporter of T.T. Swastik Band high quality Mild Steel/Carbon steel ERW Black and Galvanized pipes/Tubes. is a one of the leading manufacturer, exporter and supplier of steel pipes and tubes to various heavy engineering industries in India and abroad.

Key events:

• 1973: Incorporation of the Company.
  
• 2003: Company converted into Public Limited Company
  
• 2011: Alteration of Object Clause by including the Object I.e. To export, import, buy, sell or otherwise Deal in Agricultural Products Like:- Rice.
  
• 2013: Change in Name From “Swastik Pipes Limited” to “Swastik Pipe Limited”.