Company Intelligence Profile
Nimbus Pipes Limited
Nimbus Pipes Limited is a Jaipur (Rajasthan)-based manufacturer of thermoplastic (PE and PVC) pipes and fittings, operating in two core segments: (1) Micro Irrigation (drip irrigation, mini/rain sprinklers, filters, valves, injectors — largely government-scheme driven, e.g.
CIN: U25209RJ2010PLC030783ActiveRegistrar of Companies, Jaipur (Rajasthan)Confidence: high
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Nimbus Pipes Limited |
|---|---|
| CIN | U25209RJ2010PLC030783 |
| PAN | AADCN1836F (Source: Tofler; consistent with GSTIN prefix 08AADCN1836F1ZM) |
| Status | Active |
| Listing | Unlisted (Public Limited Company) |
| Incorporated | 20 January 2010 (converted from a partnership firm originally set up in 2001, per Infomerics rating report) |
| ROC | Registrar of Companies, Jaipur (Rajasthan) |
| Sector (NIC) | Manufacturing — thermoplastic (PE/PVC) pipes, fittings and micro-irrigation systems (drip/sprinkler); NIC bucket: plastic products / pipes & tubes (Sources: Tofler, TheCompanyCheck, Infomerics) |
| Registered address | SP-2, 123-123A, RIICO Industrial Area, Manda, Near Kaladera, Vaya Chomu, Jaipur, Rajasthan 303712 (Source: Tofler, GSTIN portal via Piceapp) |
| Authorized capital | Rs 5.00 crore (Source: Tofler, TheCompanyCheck) |
| Paid-up capital | Rs 4.66-4.70 crore (Source: Tofler ~4.7 Cr; TheCompanyCheck 4.66 Cr; Infomerics tangible net worth Rs 44.15 Cr as of 31-Mar-2025 provisional, Rs 44.92 Cr as of 31-Mar-2024 audited, includes reserves) |
Business Overview
Confirmed- Nimbus Pipes Limited is a Jaipur (Rajasthan)-based manufacturer of thermoplastic (PE and PVC) pipes and fittings, operating in two core segments: (1) Micro Irrigation (drip irrigation, mini/rain sprinklers, filters, valves, injectors — largely government-scheme driven, e.g. PMKSY/B2G) and (2) Institutional Business (HDPE pipes for irrigation, construction and sewerage, sold to institutional/government buyers)
- The brand traces to a business started in 1968, was formalized as "Nimbus" in 2001 (originally a partnership firm), and converted to a public limited company in 2010
- It operates two manufacturing/R&D facilities (near Jaipur and Chennai) plus ~10 front-end branches for pan-India distribution, serving 120,000+ customers and having laid 300,000+ km of pipeline (per company website claims)
- (Sources: nimbuspipes.com, Infomerics rating rationale 30-Oct-2025, Tofler)
Directors
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| Pravin Kumar Lath | 01993680 | Director, DIN 01993680 (~17-year tenure | - |
| Ashish Kumar Lath | 02850029 | Director, DIN 02850029 (~17-year tenure | - |
GST Registrations
Confirmed| GSTIN | State | PAN | Status |
|---|---|---|---|
| 08AADCN1836F1ZM | Rajasthan | AADCN1836F (Source: Tofler; consistent with GSTIN prefix 08AADCN1836F1ZM) | Active |
| 08AADCN1836F3ZK | Rajasthan | AADCN1836F (Source: Tofler; consistent with GSTIN prefix 08AADCN1836F1ZM) | - |
| 29AADCN1836F1ZI | Karnataka | AADCN1836F (Source: Tofler; consistent with GSTIN prefix 08AADCN1836F1ZM) | - |
| 33AADCN1836F1ZT | Tamil Nadu | AADCN1836F (Source: Tofler; consistent with GSTIN prefix 08AADCN1836F1ZM) | - |
Primary GSTIN (Rajasthan, home state): 08AADCN1836F1ZM — legal name NIMBUS PIPES LIMITED, registered 01-Jul-2017, status Active/Regular, constitution Public Limited Company, principal place of business = registered office in Jaipur, plus additional Rajasthan places of business (3 more in Jaipur, 1 in Barmer). A second Rajasthan GSTIN was also found — 08AADCN1836F3ZK (registered 06-Apr-2023) — nature/reason for a second registration in the same state not independently confirmed (partial). Additional state GSTINs reported: Karnataka 29AADCN1836F1ZI and Tamil Nadu 33AADCN1836F1ZT (consistent with the Chennai manufacturing facility). Total registrations found: at least 4 across 3 states (Rajasthan x2, Karnataka, Tamil Nadu) — could not confirm this is the complete/exhaustive list. PAN embedded in GSTIN (AADCN1836F) matches the PAN reported by Tofler. (Sources: piceapp.com GSTIN pages, cross-checked against Tofler PAN — confirmed for primary Rajasthan GSTIN; partial for the rest since only aggregator, not knowyourgst individual pages, could be pulled)
Financials
Confirmed- Standalone financials per Infomerics Valuation and Rating Ltd rating rationale dated 30-Oct-2025 (primary source, most reliable): FY24 (Audited) — Total Operating Income Rs 195.09 Cr, EBITDA Rs 15.17 Cr (margin 7.77%), PAT Rs 3.67 Cr (margin 1.87%), Total Debt Rs 70.59 Cr, Tangible Net Worth Rs 44.92 Cr, Gearing 1.57x, Interest Coverage 1.79x. FY25 (Provisional) — Total Operating Income Rs 130.03 Cr (a ~33% degrowth YoY due to sharp decline in institutional HDPE-pipe demand
- institutional segment revenue fell to Rs 35 Cr from Rs 85 Cr), EBITDA Rs 14.42 Cr (margin 11.09%), PAT Rs 2.68 Cr (margin 2.05%), Total Debt Rs 63.11 Cr, Tangible Net Worth Rs 44.15 Cr, Gearing 1.43x, Interest Coverage 1.70x, DSCR 1.03x, cash & equivalents Rs 4.84 Cr, current ratio 1.46x. H1 FY26 revenue reported at ~Rs 28 Cr vs ~Rs 67 Cr in H1 FY25
- Tofler's balance-sheet extract (FY Mar-2024, presented in slightly different form/possibly consolidated-adjacent) broadly corroborates scale: revenue range Rs 100-500 Cr band, equity capital Rs 4.7 Cr, reserves Rs 34.9 Cr, total borrowings Rs 78.3 Cr, total assets Rs 185.1 Cr — figures are directionally consistent with but not identical to the Infomerics standalone numbers (aggregator estimates vs audited/provisional rating-agency figures), so treat Tofler's absolute balance-sheet totals as partial/indicative only
- Confirmed: FY24 and FY25(P) P&L figures from Infomerics (primary rating-agency filing)
Funding
Confirmed- No institutional/VC/PE funding rounds found
- Tracxn lists the company/brand as "Unfunded." No related Tracxn-sourced round names exist to report
- (confirmed - absence of funding, per Tracxn)
Charges / Borrowings
Partial / conflicting- Per Tofler's charges/lender data: State Bank of India — 2 loans, ~Rs 59.0 Cr
- SIDBI — 6 loans, ~Rs 10.6 Cr
- Accretive Cleantech Finance Pvt Ltd — 1 loan, ~Rs 1.5 Cr
- HDFC Bank — 3 loans, ~Rs 0.6 Cr (partial - aggregator data, not cross-verified against a second source)
- Consistent directionally with Infomerics' facility breakdown (rated as of Oct-2025): Term Loan Rs 9.83 Cr, Cash Credit Rs 30.00 Cr, Channel Financing Rs 3.00 Cr (all Long Term, maturity around Oct 2028 for term loan), Bank Guarantee Rs 15.40 Cr (Short Term)
- total rated facilities Rs 58.23 Cr. Total debt per Infomerics: Rs 63.11 Cr (FY25P) vs Rs 70.59 Cr (FY24)
Credit Ratings
Confirmed- Infomerics Valuation and Rating Ltd (most current, primary source, rationale dated 30-Oct-2025): Long Term facilities (Rs 42.83 Cr) — IVR BB/Stable, downgraded from IVR BB+/Stable
- Short Term facilities (Rs 15.40 Cr) — IVR A4, downgraded from IVR A4+
- Downgrade driven by ~33% revenue degrowth in FY25 and elongated working-capital cycle (247 days vs 157 days)
- Rating history: IVR BB+/Stable & IVR A4+ assigned Aug-2024
- IVR BB/Stable & IVR A4 assigned Jun-2023
- Separately, CRISIL has a 'CRISIL B/Stable/CRISIL A4' rating on record but flagged "ISSUER NOT COOPERATING" (stale, no recent management interaction — treat as outdated/unreliable)
- CARE Ratings similarly classified the company as "issuer not cooperative" as of 26-Mar-2018 (very stale)
- Given the conflict, the Infomerics Oct-2025 rating is the only current, cooperative, primary-source rating
- CRISIL/CARE ratings are historical/non-cooperative and should not be presented as current standing
Legal / Litigation
Confirmed- Indian Kanoon search surfaces several income-tax and indirect-tax tribunal matters involving the company (routine tax litigation, not solvency/fraud related): Nimbus Pipes Limited, Jaipur vs ACIT Circle-4, Jaipur (ITAT Jaipur, 16-Feb-2023)
- Nimbus Pipes Limited, Jaipur vs Income Tax Officer, Jaipur (ITAT Jaipur, 28-Jan-2025)
- Nimbus Pipes Limited vs Jaipur-I (CESTAT, 17-Jul-2018)
- a civil suit, Suit No. 7806/16 vs M/S Nimbus Pipes Ltd (Delhi District Court, 28-Jan-2017)
- and one incidental mention in Ravindra Kumar Chhabra vs State of Rajasthan (Rajasthan HC, 2016)
- Also found "M/S Nimbus Industries, Kolkata vs ACIT" (ITAT Kolkata, 2017) — this appears to be a DIFFERENT entity (name mismatch: "Nimbus Industries," Kolkata, not "Nimbus Pipes," Jaipur) and is NOT attributed to this company (entity-confusion trap avoided)
- No criminal, insolvency (NCLT/IBC), or securities-fraud matters found
Competitors
Partial / conflicting- Peers in India's PE/HDPE pipes and micro-irrigation space: Jain Irrigation Systems Ltd (large-cap, listed, market leader in micro-irrigation, revenue >Rs 5,000 Cr — much larger scale)
- EPC Industries Ltd (listed, PVC/HDPE pipes and micro-irrigation, mid-scale, comparable/somewhat larger)
- Netafim Irrigation India Pvt Ltd (large MNC-backed micro-irrigation player, appeared in an unrelated ITAT case alongside Nimbus as a comparable)
- Finolex Industries Ltd (large-cap, listed, PVC pipes leader, revenue >Rs 4,000 Cr — much larger)
- Astral Limited (large-cap, listed, pipes/adhesives, revenue >Rs 5,000 Cr — much larger)
- Prince Pipes & Fittings Ltd (listed, mid-large PVC/CPVC pipes maker, revenue ~Rs 2,000+ Cr — larger)
- Nimbus Pipes (~Rs 130-195 Cr revenue) is a small-scale regional player relative to these listed peers
- (Sources: general market knowledge + ITAT case cross-reference
- scale figures approximate, "not obtained" at precise verified level for each peer here)
Frequently Asked Questions
What does Nimbus Pipes Limited do?
Nimbus Pipes Limited is a Jaipur (Rajasthan)-based manufacturer of thermoplastic (PE and PVC) pipes and fittings, operating in two core segments: (1) Micro Irrigation (drip irrigation, mini/rain sprinklers, filters, valves, injectors — largely government-scheme driven, e.g.
What is the CIN of Nimbus Pipes Limited?
The Corporate Identification Number (CIN) of Nimbus Pipes Limited is U25209RJ2010PLC030783.
Where is Nimbus Pipes Limited registered?
Nimbus Pipes Limited is registered with Registrar of Companies, Jaipur (Rajasthan). Registered address: SP-2, 123-123A, RIICO Industrial Area, Manda, Near Kaladera, Vaya Chomu, Jaipur, Rajasthan 303712 (Source: Tofler, GSTIN portal via Piceapp).
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