Founder led Company supported by experienced and professional leadership team i.e Abhishek Jindal, Promoter and Managing Director.
Selling and Distribution network of having dealers 53, 53, 49 and 34 dealers for the period ended June 30, 2026, Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively.
Experienced Promoter and Management Team with an Employee Base of 242 employees as on June 30, 2026.
Operations at the company's Manufacturing Facility are concentrated at a single location in Hisar, Haryana, and its business is dependent on this facility; any disruption, breakdown, shutdown or adverse local or regional developments could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
The Company requires significant amount of working capital for a continuing growth. Its inability to meet the company's working capital requirements may adversely affect its results of operations.
The company's top 10 suppliers contribute 72.31%, 76.23%, 70.92% and 75.73%, of its purchase during the period ended June 30, 2026 and for Fiscal 2026, Fiscal 2025 and Fiscal 2024. Any delay in or shortage from one or more of them may adversely affect the company operations.
The company's production costs are vulnerable to fluctuations in the prices of raw materials, especially Mild Steel Coils, MS Hot-Rolled Coil, and Galvanizing Materials. Price volatility in these key raw materials can significantly affect its production expenses and overall financial results.
The company's revenue from operations depends on sale of Black Pipes and Galvanized Pipes. Any changes in the demand or a decline in the demand of the said product, or delays in the placement of orders, may affect its ability to grow or maintain the company's sales, earnings, and cash flow.
The company derives a significant portion of its revenue from operations from the company's key customers and its top 10 customers contributed to 24.09%, 20.32%, 15.96% and 15.90%, of the company's revenue from operations during period ended June 30, 2026 and in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Any decrease in revenue from operations from any of its key customers or any loss of these customers may adversely affect the company's business, financial condition, cash flows and results of operations.
In the past the Company had negative cash flows from its operating activities, investing activities as well as financing activities, further, the company may experience negative cash flows in the future.
The company has had instance of delays in payments of statutory dues by the Company. Any delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have an adverse impact on its business, financial condition, results of operations and cash flows.
The company derived 24.19 % of its revenue for the period June 30, 2026 and 28.55%, 30.60% and 29.44% of the company's revenue from operation from Haryana for the Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively. Any adverse developments, social and political developments and natural disaster affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
The company's Promoters have not created any pledge or encumbrance over their equity shareholding in the Company, however, any future pledge or encumbrance may adversely affect control, investor confidence and the market price of its Equity Shares.
