Risk factor
Moderate default risk
Profitability factor
Greatly overvalued vs peers
About
Srikalahasthi Pipes Limited manufactures and sells ductile iron (DI) pipes in India. The company offers DI socket and spigot, spun, and flanged pipes under the SRIPIPES brand name to water boards, municipal corporations, and turnkey contractors for use in water infrastructure development projects. It also provides low ash metallurgical coke; pig iron for applications, such as engine blocks, crankshafts, steel mills, pump housing, machine tools, etc.; and Portland slag cement under the SPL Gold name. The company was formerly known as Lanco Industries Limited and changed its name to Srikalahasthi Pipes Limited in September 2014. Srikalahasthi Pipes Limited was incorporated in 1991 and is based in Chittoor, India. As of December 31, 2021, Srikalahasthi Pipes Limited operates as a subsidiary of Electrosteel Castings Limited.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'expensive' compared to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBITDA,