Tijaria Polypipes Limited (TIJARIA) AI Stock Analysis

• Market Cap: ₹119.09M
• Dividend Yield: N/A
• Average Volume (3M): 7.31K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.19
• Revenue Growth: -100.00%
• EPS Growth: -54.11%
• Country: IN
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): -0.14
• Shares Outstanding: 28,626,580
• 10 Day Avg. Volume: 8,901
• 30 Day Avg. Volume: 7,309
• PEG Ratio: -0.03
• Price to Book (P/B): -0.47
• Price to Sales (P/S): 51.81
• P/FCF Ratio: -2.99
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: ₹4.50 ▼(-7.41% Downside)

The score is driven primarily by poor financial performance (declining/volatile revenue, persistent losses, negative margins, negative equity, and weak cash generation). Technicals also remain bearish with the stock trading below major moving averages and negative MACD, while valuation is difficult to justify due to losses and no dividend support.

Positive Factors

Market Position

As a leading manufacturer in the plastic piping industry, TIJARIA benefits from a strong market position, which supports its long-term business stability and growth potential.

Revenue Streams

Diverse revenue streams, including direct sales and contracts, provide TIJARIA with a stable income base, reducing dependency on a single market segment and enhancing financial resilience.

Customer Base

A loyal customer base driven by quality and service ensures repeat business and long-term contracts, contributing to sustained revenue and business stability.

Negative Factors

Financial Performance

Volatile revenue and negative profitability indicate operational challenges, threatening long-term financial health and growth prospects.

Balance Sheet Health

A negative Debt-to-Equity Ratio highlights high leverage and financial instability, which can limit the company's ability to invest in growth and weather economic downturns.

Cash Flow Challenges

Negative operating cash flow suggests difficulties in generating sufficient cash from operations, impacting the company's ability to fund its activities and invest in future growth.

Tijaria Polypipes Limited Business Overview & Revenue Model

Company Description

Tijaria Polypipes Limited manufactures and sells plastic products and textiles under the Tijaria and Vikas brand names in India and internationally. The company operates in two segments, Pipes and Textiles. It offers high density poly ethylene (HDPE) pipes and coils, permanently lubricated HDPE ducts, HDPE double wall corrugated structured-wall pipes, HDPE sprinkler systems, medium density poly ethylene pipes, unplasticised ploy vinyl chloride (uPVC) rigid pipes, uPVC elastomeric seal ring fit pipes, SWR pipes and fittings, PVC-U underground drainage and sewerage pipes, polyester partially oriented yarns, polyester drawn textured yarns, polyester mink blankets, and disposable masks. The company was incorporated in 2006 and is based in Jaipur, India.

How the Company Makes Money

Tijaria Polypipes Limited generates revenue primarily through the sale of its plastic piping products, which are used extensively in agricultural irrigation, construction projects, and municipal water supply systems. The company benefits from multiple revenue streams, including direct sales to wholesalers and distributors, as well as contracts with government and private sector projects. Additionally, TIJARIA's partnerships with construction firms and agricultural cooperatives enhance its market reach and contribute to consistent sales. The company's focus on quality and customer service helps maintain a loyal customer base, resulting in repeat business and long-term contracts that bolster its financial stability.

Tijaria Polypipes Limited Financial Statement Overview

Summary

Tijaria Polypipes Limited is facing significant financial challenges, with declining revenues, operational inefficiencies, and a highly leveraged balance sheet. The negative margins and negative equity present substantial risks, while cash flow management requires improvement to stabilize the financial health.

Income Statement

The company has shown a highly volatile revenue trajectory, with recent total revenue significantly declining from prior years. The gross profit margin is positive but net income remains negative, indicating operational challenges. The EBIT Margin and EBITDA Margin are also negative, reflecting issues in operational efficiency and profitability.

Balance Sheet

The balance sheet reveals a concerning financial structure. The Debt-to-Equity Ratio is negative due to negative equity, highlighting high leverage and financial instability. Stockholders' equity is negative, indicating asset insufficiency to cover liabilities. Return on Equity is not meaningful due to negative equity.

Cash Flow

The cash flow situation indicates operational challenges, with negative operating cash flow in the latest period. Free cash flow is also negative, but some periods show positive cash from financing activities. The fluctuations suggest a need for improved cash management strategies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	437.00K	2.98M	1.49M	138.47M	548.82M	624.58M
Gross Profit	936.00K	1.53M	19.00K	-19.32M	12.93M	125.31M
EBITDA	-31.41M	31.42M	-1.35M	-41.20M	-98.77M	-32.03M
Net Income	-50.80M	-54.30M	-29.16M	-94.56M	-217.05M	-140.13M
Balance Sheet
Total Assets	542.71M	544.77M	545.21M	615.27M	677.04M	968.65M
Cash, Cash Equivalents and Short-Term Investments	18.25M	18.23M	17.58M	885.24K	457.97K	24.58M
Total Debt	774.02M	774.02M	724.02M	763.68M	691.54M	658.77M
Total Liabilities	870.40M	869.80M	815.93M	856.83M	824.23M	899.03M
Stockholders Equity	-327.69M	-325.02M	-270.72M	-241.56M	-147.19M	69.62M
Cash Flow
Free Cash Flow	0.00	-51.60M	38.81M	-53.25M	20.02M	-74.21M
Operating Cash Flow	0.00	-51.60M	38.81M	-53.25M	21.50M	-34.05M
Investing Cash Flow	0.00	1.42M	488.76K	1.68M	5.82M	-35.80M
Financing Cash Flow	0.00	49.82M	-39.82M	52.00M	-51.44M	86.03M

Tijaria Polypipes Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TIJARIA, the sentiment is Negative. The current price of 4.86 is above the 20-day moving average (MA) of 4.68, below the 50-day MA of 5.65, and below the 200-day MA of 6.66, indicating a bearish trend. The MACD of -0.46 indicates Positive momentum. The RSI at 32.55 is Neutral, neither overbought nor oversold. The STOCH value of 35.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TIJARIA.

Tijaria Polypipes Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPLPLASTEH	71 Outperform	₹5.28B	20.26	―	1.49%	14.78%	19.77%
SAHYADRI	65 Neutral	₹2.66B	14.35	―	0.40%	1.59%	-15.40%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VIKASECO	52 Neutral	₹2.88B	29.69	―	―	7.61%	-50.76%
KRITI	44 Neutral	₹4.33B	-24.60	―	0.22%	-19.06%	-175.93%
TIJARIA	39 Underperform	₹119.09M	-2.62	―	―	-100.00%	-54.11%