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Ashirvad Pipes
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Registered Details

ASHIRVAD PIPES PRIVATE LIMITED

www.ashirvad.com

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Karnataka ›

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ASHIRVAD PIPES PRIVATE LIMITED

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Updated: 17 Dec 2025

Ashirvad Pipes Private Limited is a leading manufacturer in the plastic piping industry, specializing in the production of PVC, CPVC, and UPVC pipes and fittings for residential, commercial, and industrial applications. It delivers high-quality solutions that address plumbing, agricultural, and infrastructure needs, emphasizing durability, innovation, and compliance with international standards.

Ashirvad Pipes Private Limited, is an unlisted private company incorporated on 18 February, 1997. It is classified as a private limited company and is located in , Karnataka. It's authorized share capital is INR 5.00 cr and the total paid-up capital is INR 4.41 cr.

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Industry and products

Health and Social Work

Plumbing pipes, , sanitary pipes

Company size

Auth Capital

₹ 5.0 Cr

Paidup Capital

₹ 4.4 Cr

Revenue

₹ 4500-4750 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

-3.58%

₹ 4,569.7

EBITDA

-5.66%

₹ 250.8

Net Profit

64.57%

₹ 28.2

Networth

1.04%

₹ 2,556.9

Borrowings

91.51%

₹ 772.5

Assets

10.11%

₹ 4,286.6

Gross Margin

0.19

30.1 %

Operating Margin

-0.07

5.6 %

Net Profit Margin

0.26

0.6 %

Return on Equity

0.42

1.1 %

ROCE

-1.56

1.5 %

Debt to Equity

0.14

0.3

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (70)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Sticker Koen Jozef A	08785774	6 years
Director	Anil Tomar	10770373	1 years
Managing Director	Partha Sarathi Basu	01855577	1 years
Director	Thierry Florent J. Vanlancker	10704573	2 years
Director	Ramesh Ramadurai	07109252	2 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	3,503.2	4,504.1	4,529.6	4,720.2	4,508.0
Operating profit	728.3	809.8	328.4	265.8	250.8
Net profit	460.9	515.0	88.5	17.2	28.2
Gross margin	40.9	35.9	28.9	29.9	30.1
Operating margin	20.8	18.0	7.2	5.6	5.6
Net margin	13.1	11.4	1.9	0.4	0.6
Networth	1,912.5	2,426.8	2,514.1	2,530.5	2,556.9
Borrowings	77.1	91.5	634.6	403.4	772.5
Assets	2,711.8	3,389.3	4,030.4	3,892.9	4,286.6
Debt to equity	0.0	0.0	0.2	0.2	0.3
Current ratio	2.1	2.4	1.8	1.7	1.6
ROE	24.1	21.2	3.5	0.7	1.1
Days payable	74.0	69.0	64.0	75.0	70.0
WC days	85.0	98.0	86.0	71.0	69.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.4	4.4	4.4	4.4	4.4
Reserves	1,908.0	2,422.4	2,509.7	2,526.1	2,552.5
Borrowings +	77.1	91.5	634.6	403.4	772.5
Long term borrowings	62.3	70.5	-	-	80.8
Short term borrowings	14.9	21.0	634.6	403.4	691.7
Trade payables +	422.1	544.4	562.0	676.1	604.8
Days payable	74.0	69.0	64.0	75.0	70.0
Other liabilities +	722.2	870.9	881.7	959.0	957.2
Other non-current liabilities	29.5	37.7	116.5	84.0	121.8
Other current liabilities	270.5	288.8	203.2	198.8	230.6
Total liabilities	2,711.8	3,389.3	4,030.4	3,892.9	4,286.6
Fixed Assets +	1,139.6	1,238.0	1,390.2	1,471.6	1,588.6
Tangible assets	1,098.2	1,191.7	1,322.2	1,328.9	1,400.3
CWIP	24.4	29.7	57.1	137.4	177.0
Intangible assets	17.0	16.6	10.9	5.3	11.4
LT loans and advances	16.2	18.6	-	-	-
Other non-current assets	33.9	73.8	178.9	220.4	312.8
Current assets +	1,522.0	2,058.8	2,461.4	2,200.9	2,385.2
Inventories	724.2	978.7	1,599.4	1,409.1	1,379.1
Trade receivables	396.4	763.0	667.5	537.5	741.4
Cash and cash equivalents	226.6	62.9	23.7	32.2	46.8
ST loans and advances	1.5	0.9	-	-	-
Other current assets	173.2	253.3	170.9	222.0	218.0
Total assets	2,711.8	3,389.3	4,030.4	3,892.9	4,286.6

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.16	0.13	0.11	0.11	0.1
Reserves	70.36	71.47	62.27	64.89	59.55
Borrowings +	2.84	2.7	15.75	10.36	18.02
Long term borrowings	2.3	2.08	0.0	0.0	1.88
Short term borrowings	0.55	0.62	15.75	10.36	16.14
Trade payables	15.57	16.06	13.94	17.37	14.11
Other liabilities +	26.63	25.7	21.88	24.63	22.33
Other non-current liabilities	1.09	1.11	2.89	2.16	2.84
Other current liabilities	9.98	8.52	5.04	5.11	5.38
Total liabilities
Fixed Assets +	42.02	36.53	34.49	37.8	37.06
Tangible assets	40.5	35.16	32.81	34.14	32.67
CWIP	0.9	0.88	1.42	3.53	4.13
Intangible assets	0.63	0.49	0.27	0.14	0.27
LT loans and advances	0.6	0.55	0.0	0.0	0.0
Other non-current assets	1.25	2.18	4.44	5.66	7.3
Current assets +	56.13	60.74	61.07	56.54	55.64
Inventories	26.71	28.88	39.68	36.2	32.17
Trade receivables	14.62	22.51	16.56	13.81	17.29
Cash and cash equivalents	8.36	1.86	0.59	0.83	1.09
ST loans and advances	0.06	0.03	0.0	0.0	0.0
Other current assets	6.39	7.47	4.24	5.7	5.09
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	3,503.2	4,504.1	4,529.6	4,720.2	4,508.0
Sales growth %	19.77	28.57	0.57	4.21	-4.49
Expenses +	2,899.8	3,837.4	4,413.0	4,706.9	4,528.2
Cost of goods	2,069.6	2,886.4	3,221.7	3,309.8	3,152.3
Employee cost	177.9	215.3	240.1	303.7	333.9
Other costs	527.4	592.6	739.5	840.8	771.0
Operating profit +	728.3	809.8	328.4	265.8	250.8
Operating margin %	20.8	18.0	7.2	5.6	5.6
Other income	16.4	18.6	19.5	19.3	61.7
Interest	7.2	6.8	50.0	59.8	56.6
Depreciation	117.7	136.3	161.8	192.7	214.4
Exceptional items	-	-	-	-	-
Profit before tax	619.8	685.4	136.2	32.6	41.5
Tax	159.0	170.3	47.7	15.5	13.3
Profit - disc. ops	-	-	-	-	-
Net profit	460.9	515.0	88.5	17.2	28.2
Net margin %	13.1	11.4	1.9	0.4	0.6

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	99.53	99.59	99.57	99.59	98.65
Expenses +	82.39	84.85	97.01	99.31	99.09
Cost of goods	58.8	63.82	70.82	69.84	68.98
Employee cost	5.05	4.76	5.28	6.41	7.31
Other costs	14.99	13.1	16.26	17.74	16.87
Operating profit	20.69	17.91	7.22	5.61	5.49
Other income	0.47	0.41	0.43	0.41	1.35
Interest	0.2	0.15	1.1	1.26	1.24
Depreciation	3.34	3.01	3.56	4.07	4.69
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	17.61	15.15	2.99	0.69	0.91
Tax	4.52	3.77	1.05	0.33	0.29
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	13.09	11.39	1.94	0.36	0.62

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.0	0.0	0.2	0.2	0.3
Net Debt/Equity	0.0	0.0	0.2	0.1	0.3
Total Debt/Assets	0.0	0.0	0.2	0.1	0.2
Total Assets/Equity	1.4	1.4	1.6	1.5	1.7
Liquidity +
Current Ratio	2.1	2.4	1.8	1.7	1.6
Quick Ratio	1.1	1.3	0.6	0.6	0.7
Interest Coverage	101.2	118.4	6.6	4.5	4.4
Performance
Gross Margin	40.9	35.9	28.9	29.9	30.1
Operating Margin	20.8	18.0	7.2	5.6	5.6
Net Margin	13.1	11.4	1.9	0.4	0.6
Return +
Return on Equity	24.1	21.2	3.5	0.7	1.1
Pre-tax ROCE	31.2	27.6	6.8	3.0	1.5
Return on Assets	17.0	15.2	2.2	0.4	0.7
Pre-tax ROIC	31.9	27.4	5.3	2.5	1.1
Efficiency +
Days Payable	74.0	69.0	64.0	75.0	70.0
Days Inventory	128.0	124.0	181.0	155.0	160.0
Days Receivable	41.0	62.0	54.0	42.0	60.0
Fixed Asset Turnover	3.1	3.6	3.3	3.2	2.8
Total Asset Turnover	1.3	1.3	1.1	1.2	1.1
Working Capital
Cash Conversion Cycle	95.0	117.0	171.0	122.0	150.0
Working Capital Days	85.0	98.0	86.0	71.0	69.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
AKZO NOBEL COATINGS INDIA PRIVATE LIMITED	Amalgamated	76.6 L	1	Karnataka
AKZO NOBEL CAR REFINISHES INDIA PRIVATE LIMITED	Amalgamated	29.8 Cr	1	Karnataka
ANTHEM BIOSCIENCES PRIVATE LIMITED	Active	114.1 Cr	1	Karnataka
ANTHEM BIOSCIENCES LIMITED	Active	112.3 Cr	1
3M INDIA LIMITED	Active	11.3 Cr	1	Karnataka
ALIAXIS UTILITIES AND INDUSTRY PRIVATE LIMITED	Active	64.4 Cr	1	Goa

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOW ROCE
LOW CASH BALANCE
REVENUE BELOW AVERAGE

Low Risk

NET MARGIN DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U85110KA1997PTC021831

PAN

AABCA7061K

Incorporation

1997, 29.0 years

Company Email

Mamta[dot]sharma[at]aliaxis[dot]com

Paid up Capital

₹ 4.4 Cr

Authorised Capital

₹ 5.0 Cr

AGM

Sep 2025

Type

Private

Others

FAQ - ASHIRVAD PIPES PRIVATE LIMITED

What is the incorporation date of ASHIRVAD PIPES PRIVATE LIMITED?

The incorporation date of ASHIRVAD PIPES PRIVATE LIMITED is 18 February, 1997

What is the authorized share capital of ASHIRVAD PIPES PRIVATE LIMITED?

The authorized share capital of ASHIRVAD PIPES PRIVATE LIMITED is INR ₹ 5.0 Cr.

What is the paid-up capital of ASHIRVAD PIPES PRIVATE LIMITED?

The paid-up capital of ASHIRVAD PIPES PRIVATE LIMITED is INR ₹ 4.4 Cr.

What is the registered address of ASHIRVAD PIPES PRIVATE LIMITED?

The registered address of ASHIRVAD PIPES PRIVATE LIMITED is Plot No.27-P, 28-P, 29 & 30, Bommasandra, Jigani Link Road, Jigani, Bangalore, Anekal, Karnataka, India, 560105 - 560105

What is the CIN number of ASHIRVAD PIPES PRIVATE LIMITED?

The CIN number of ASHIRVAD PIPES PRIVATE LIMITED is U85110KA1997PTC021831.

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