Ashirvad Pipes Pvt Ltd
About
Ashirvad Pipes operates under the Belgian company, Aliaxis, to provide water management solutions in the Indian market. Its partners include other Aliaxis companies such as Vinidex, Marley, Philmac, and Durman. With over 160,000 plumbers, 1500 distributors, and 60,000 retail partners, Ashirvad Pipes is able to serve the building, agriculture, industry, and infrastructure sectors in the market. The company produces industrial, plumbing, and agricultural pipes and fittings, along with underground drainage systems, fire protection systems, bath and kitchen solutions, water tanks, and wastewater management systems. Under the leadership of Partha Basu, Ashirvad has collaborated with the Water Management & Plumbing Skill Council (WMPSC) and the Skill India Initiative of the central government of India to provide plumbing technology training to young professionals through the Ashirvad Plumbing School.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4561 -3.3% | 4715 2.1% | 4619 29.0% | 3580 15.3% | 3106 15.3% | 2694 13.8% | 2367 17.9% | 2008 23.0% | 1633 13.4% | 1440 22.5% | 1176 29.8% | 906 51.8% | 597 29.3% | 461 38.5% | 333 63.6% | 204 - |
| Net Operating Income (INR Cr) | 4720 4.21% | 4530 1.02% | 4484 28.00% | 3503 19.77% | 2925 9.44% | 2673 10.31% | 2356 21.83% | 1989 23.22% | 1614 15.28% | 1400 23.90% | 1130 24.80% | 906 51.87% | 596 22.91% | 485 45.64% | 333 63.61% | 204 77.39% |
| Profit (INR Cr) | 17 -80.6% | 88 -82.8% | 515 11.8% | 461 35.7% | 340 28.9% | 263 -1.4% | 267 22.9% | 217 102.0% | 108 -8.6% | 118 34.3% | 88 19.8% | 73 51.9% | 48 80.7% | 27 34.2% | 20 91.6% | 10 - |
| Assets (INR Cr) | 3018 -7.0% | 3244 29.3% | 2510 25.9% | 1993 23.7% | 1612 37.5% | 1172 -6.7% | 1256 27.5% | 985 15.9% | 850 33.9% | 635 20.3% | 528 66.3% | 317 26.3% | 251 72.4% | 146 55.5% | 94 96.2% | 48 - |
| Net Worth (INR Cr) | 2471 0.7% | 2454 3.7% | 2367 27.8% | 1852 27.5% | 1453 37.7% | 1055 33.2% | 792 17.8% | 672 49.7% | 449 12.2% | 400 41.6% | 283 45.0% | 195 60.1% | 122 65.5% | 74 56.8% | 47 73.4% | 27 62.0% |
| Employee Cost (INR Cr) | 269 22.9% | 219 5.5% | 207 22.1% | 170 13.5% | 150 21.2% | 123 28.0% | 96 27.7% | 76 24.7% | 61 31.3% | 46 -17.3% | 56 - | 0 - | 0 - | 0 - | 0 - | 0 - |
| Interest Cost (INR Cr) | 60 | 51 | 8 | 8 | 7 | 24 | 31 | 34 | 39 | 32 | 26 | 0 | 0 | 7 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 41 | 31 | 120 | 291 | 49 | 42 | 63 | 57 | 32 | 30 | 30 | 14 | 4 | 5 | 4 | 2 |
| Total Debt (INR Cr) | 403 | 635 | 0 | 77 | 156 | 54 | 404 | 253 | 340 | 174 | 244 | 122 | 129 | 72 | 47 | 21 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.4% | 1.9% | 11.2% | 12.9% | 10.9% | 9.8% | 11.3% | 10.8% | 6.6% | 8.2% | 7.5% | 8.1% | 8.1% | 5.8% | 6.0% | 5.1% |
| Profit As % Of Assets | 0.6% | 2.7% | 20.5% | 23.1% | 21.1% | 22.5% | 21.3% | 22.1% | 12.7% | 18.6% | 16.6% | 23.1% | 19.2% | 18.3% | 21.2% | 21.7% |
| Profit As % Of Networth | 0.7% | 3.6% | 21.8% | 24.9% | 23.4% | 25.0% | 33.7% | 32.3% | 24.0% | 29.4% | 31.0% | 37.5% | 39.6% | 36.2% | 42.3% | 38.3% |
| Interest Cost to EBITDA % | 22.7% | 15.4% | 0.9% | 1.0% | 1.4% | 4.7% | 6.3% | 8.5% | 16.2% | 17.6% | 13.3% | - | - | 12.4% | - | - |
| Debt to Equity Ratio | 0.16 | 0.26 | - | 0.04 | 0.11 | 0.05 | 0.51 | 0.38 | 0.76 | 0.43 | 0.86 | 0.62 | 1.06 | 0.98 | 1.00 | 0.77 |
| RONW | 0.7% | 3.7% | 24.4% | 27.9% | 27.1% | 28.5% | 36.5% | 38.8% | 25.3% | 34.5% | 36.7% | 46.2% | 39.6% | 44.3% | 53.7% | 47.4% |
| ROCE | 3.0% | 6.6% | 31.6% | 35.4% | 32.5% | 38.2% | 42.6% | 42.0% | 29.5% | 36.6% | 38.5% | 38.5% | 28.7% | 40.2% | 28.1% | 24.5% |