Is Aik Pipes & Polymers Ltd (544072) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aik Pipes & Polymers Ltd is a below average quality company .

Is Aik Pipes & Polymers Ltd (544072) undervalued or overvalued?

The key valuation ratios of Aik Pipes & Polymers Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Aik Pipes & Polymers Ltd (544072) share price return in the past 10 years?

Data is not available for this company

Is Aik Pipes & Polymers Ltd (544072) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aik Pipes & Polymers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Aik Pipes & Polymers Ltd (544072)?

Company share prices are keep on changing according to the market conditions. The current trading price of Aik Pipes & Polymers Ltd (544072) on 17-Apr-2026 16:59:59 at 16:59 is 37.79.

What is the P/E ratio of Aik Pipes & Polymers?

The latest standalone P/E ratio of Aik Pipes & Polymers as of 17-Apr-2026 is 18.83.

What is the P/B ratio of Aik Pipes & Polymers Ltd (544072)?

The latest standalone P/B ratio of Aik Pipes & Polymers Ltd (544072) as of 17-Apr-2026 is 1.05.

What is the 52-week high and low of Aik Pipes & Polymers Ltd (544072)?

The 52-week high of Aik Pipes & Polymers Ltd (544072) is Rs. 84.48 and the 52-week low is Rs. 19.02.

Aik Pipes & Polymers Ltd (544072) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Aik Pipes & Polymers Ltd (544072)
Brand: Aik Pipes & Polymers

Aik Pipes & Polymers Ltd (544072) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Aik Pipes & Polymers Ltd (544072)

BSE: 544072 NSE:

Key Metrics

Market Cap

₹24 Cr.

P/E Ratio

18.83

Price to Book (P/B)

1.05

Price to Sales (P/S)

0.96

EV/EBITDA

10.59

Return on Capital Employed (ROCE)

8.64%

Current Price

₹37.8

Return on Equity (ROE)

5.70%

Return on Assets (ROA)

3.97%

Operating Profit Margin

9.7%

Net Profit Margin

5.09%

Gross Profit Margin

8.1%

Book Value per Share

₹35.9

Sales Growth (YoY)

-32.65%

Sales Growth (3 Years)

7.12%

Operating Profit Growth (1 Year)

-48.09%

Operating Profit Growth (3 Years)

33.49%

Net Profit Growth (1 Year)

-62.46%

52-Week Low / High

₹19 / 84

Net Profit Growth (3 Years)

13.24%

Dividend Yield

0.00%

Promoter Holding

73.50%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Aik Pipes & Polymers Ltd?

Aik Pipes & Polymers Ltd revenue growth is -32.7% for FY-2025 , which is below its 5 year CAGR of 31.6% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Aik Pipes & Polymers Ltd?

Promoters hold 73.50% of the Aik Pipes & Polymers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Aik Pipes & Polymers Ltd vs industry peers?

Aik Pipes & Polymers Ltd revenue CAGR is 31.60% , compared to the industry median CAGR of 4.83% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Aik Pipes & Polymers Ltd belong to?

Aik Pipes & Polymers Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Plastic Products segment.

Q.1 Stock return of Aik Pipes & Polymers Ltd over the last decade?

Over the last 1 year(s), the stock has delivered a CAGR of -53.35% based on the current price.

DeciZen - make an informed investing decision on Aik Pipes & Polymers

Based on:

Data

M-Cap below 100cr DeciZen not available

Aik Pipes & Polymers stock performance

Key Ratios

Is Aik Pipes & Polymers Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	0%	7.7%	10%	25.8%	32.3%	23.8%	8.6%	-
Value Creation Index ⓘ	NA	-0.5	-0.3	0.8	1.3	0.7	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	6.4	10.1	20.4	30.5	37.3	25.1	25
Sales YoY Gr.	-	NA	58.5%	102.6%	49.3%	22.3%	-32.7%	-
Adj EPS ⓘ	0	3.2	1.8	3.4	3.9	5.4	2	2
YoY Gr.	-	NA	-45%	93.2%	14.6%	36.7%	-62.5%	-
BVPS (₹) ⓘ	0	5.8	5.7	7.9	12	34.5	35.9	35.9
Adj Net Profit ⓘ	0	0.2	0.3	0.9	1.8	3.4	1.3	1
Cash Flow from Ops. ⓘ	0	-1.3	0.5	-0.7	-0.6	-5.2	0.4	-
Debt/CF from Ops. ⓘ	0	-3	7.1	-6.7	-9.5	-1	13.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	31.6%	7.1%	-32.7%
Adj EPS ⓘ	NA	-9%	-16.2%	-62.5%
BVPSⓘ	NA	43.9%	65.7%	4.2%
Share Price	-	-	-	-53.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	55.4	45.2	61.5	48.1	24.8	5.7	5.6
Op. Profit Mgn % ⓘ	3.8	3.9	5	9.8	12.7	9.7	NAN
Net Profit Mgn % ⓘ	2.8	2.6	4.3	6	9.1	5.1	5.1
Debt to Equity ⓘ	11.6	4.6	2.1	1	0.2	0.3	-
Working Cap Days ⓘ	0	168	120	114	168	340	0
Cash Conv. Cycle ⓘ	0	118	71	78	119	262	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	2	-
TTM Sales (₹ Cr.)	25.1	-
BVPS (₹) ⓘ	35.9	-
Reserves (₹ Cr.) ⓘ	16	-
P/BV ⓘ	1.05	-
PE ⓘ	18.83	-

From the Market
52 Week Low / High (₹)	19.02 / 84.48
All Time Low / High (₹)	19.02 / 170.00
Market Cap (₹ Cr.)	24.1
Equity (₹ Cr.)	6.4
Face Value (₹)	10
Industry PE ⓘ	40.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Aik Pipes & Polymers - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	6.36	10.08	20.42	30.48	37.27	25.10
Operating Expenses ⓘ +	6.12	9.69	19.39	27.49	32.55	22.65
Manufacturing Costs	0.49	1	1.06	0.05	0.28	0.06
Material Costs	5.02	7.58	17.36	25.65	30.12	20.83
Employee Cost	0.23	0.29	0.33	0.47	0.66	0.70
Other Costs ⓘ	0.39	0.82	0.64	1.32	1.48	1.06
Operating Profit ⓘ	0.24	0.39	1.03	2.99	4.72	2.45
Operating Profit Margin (%)	3.8%	3.9%	5.0%	9.8%	12.7%	9.7%
Other Income ⓘ +	0.14	0.12	0.49	0	0.10	0.35
Exceptional Items ⓘ	0	0	0	0	0	0
Interest ⓘ	0.07	0.07	0.15	0.32	0.68	0.75
Depreciation ⓘ	0.07	0.08	0.10	0.19	0.30	0.39
Profit Before Tax ⓘ	0.24	0.36	1.27	2.48	3.85	1.65
Tax ⓘ	0.06	0.10	0.39	0.64	0.43	0.38
Profit After Tax	0.18	0.26	0.88	1.83	3.41	1.28
PAT Margin (%)	2.8%	2.6%	4.3%	6.0%	9.2%	5.1%
Adjusted EPS (₹)	3.2	1.8	3.4	3.9	5.4	2.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	0.32	0.83	2.03	5.60	21.92	22.83
Share Capital ⓘ	0.15	0.40	0.70	1.28	6.36	6.36
Reserves ⓘ	0.17	0.43	1.33	4.33	15.56	16.47
Debt +	3.66	3.78	4.13	5.21	4.83	5.59
Long Term Debt	0.31	0.26	0.45	1.49	1.35	0.85
Short Term Debt	3.35	3.52	3.68	3.72	3.47	4.74
Minority Interest	0	0	0	0	0	0
Trade Payables	0.18	2.34	2.77	2.78	3.89	2.98
Others Liabilities ⓘ	0.66	0.44	0.75	0.91	1.49	0.72
Total Liabilities ⓘ	4.83	7.40	9.68	14.51	32.13	32.13
Fixed Assets
Net Fixed Assets ⓘ +	1.08	1.16	1.28	3.02	4.23	4.96
Gross Block	1.20	1.36	1.58	3.50	5.01	6.13
Accumulated Depreciation	0.12	0.20	0.30	0.49	0.78	1.16
CWIP ⓘ	0	0	0	0	0	0
Investments ⓘ	0	0.02	0.02	0.02	4.13	3.50
Inventories	0.05	0.18	1.04	3.44	6.41	7.21
Trade Receivables	3.66	5.34	6.85	7.50	14.44	15.05
Cash Equivalents	0.01	0.67	0.45	0.40	0.49	0.26
Others Assets ⓘ	0.03	0.02	0.04	0.13	2.43	1.15
Total Assets ⓘ	4.83	7.40	9.68	14.51	32.13	32.13

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-1.25	0.54	-0.65	-0.56	-5.23	0.43
PBT ⓘ	0.24	0.36	1.27	2.48	3.85	1.65
Adjustment ⓘ	0.14	0.15	0.25	0.51	0.97	1.14
Changes in Working Capital ⓘ	-1.64	0.07	-2.08	-3.22	-8.95	-1.43
Tax Paid ⓘ	0.01	-0.04	-0.09	-0.34	-1.10	-0.94
Cash Flow From Investing Activity ⓘ +	-0.45	-0.18	-0.22	-1.92	-6.64	-0.25
Capex	-0.45	-0.16	-0.22	-1.92	-1.51	-1.12
Net Investments	0	-0.02	-0	-0	-4.11	0.64
Others ⓘ	0	0	0	0	-1.02	0.23
Cash Flow From Financing Activity ⓘ +	1.58	0.30	0.64	2.43	11.95	-0.41
Net Proceeds from Shares ⓘ	0	0.25	0.30	1.70	12.91	0
Net Proceeds from Borrowing ⓘ	0	0	0.19	0	-0.13	-0.51
Interest Paid ⓘ	-0.07	-0.07	-0.15	-0.32	-0.68	-0.75
Dividend Paid ⓘ	0	0	0	0	0	0
Others ⓘ	1.65	0.12	0.31	1.06	-0.15	0.85
Net Cash Flow ⓘ	-0.12	0.67	-0.22	-0.05	0.09	-0.23

Finance Ratio

PARTICULARS	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	55.37	45.16	61.52	48.08	24.79	5.7
ROCE (%)	7.74	10.01	25.77	32.33	23.8	8.64
Asset Turnover Ratio	1.32	1.65	2.39	2.52	1.6	0.78
PAT to CFO Conversion(x)	-6.94	2.08	-0.74	-0.31	-1.53	0.34
Working Capital Days
Receivable Days	210	163	109	86	107	214
Inventory Days	3	4	11	27	48	99
Payable Days	13	61	54	40	40	60

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Aik Pipes & Polymers Ltd FAQs

The current trading price of Aik Pipes & Polymers on 17-Apr-2026 16:59 is ₹37.79.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Aik Pipes & Polymers stood at ₹24.05 Cr

The latest P/E ratio of Aik Pipes & Polymers as of 16-Apr-2026 is 18.83.

The latest P/B ratio of Aik Pipes & Polymers as of 16-Apr-2026 is 1.05.

The 52-week high of Aik Pipes & Polymers is ₹84.48 and the 52-week low is ₹19.02.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aik Pipes & Polymers is ₹25.10 ( Cr.) .

About Aik Pipes & Polymers Ltd

AIK Pipes and Polymers was originally incorporated on September 19, 2017 as ‘AIK Pipes and Polymers Private Limited’ under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently the Company was converted into Public Limited Company and name of company was changed from ‘AIK Pipes and Polymers Private Limited’ to ‘AIK Pipes and Polymers Limited’ vide fresh certificate of incorporation dated June 19, 2023 issued by the Registrar of Companies, Jaipur.

The company is engaged in manufacturing of comprehensive range of HDPE (High density polyethylene) pipes, HDPE Fittings, MDPE (Medium density polyethylene) Pipes and PPR (Polypropylene random) Pipes for water distribution, gas transmission, sewerage system and telecom sector. The company is committed towards constant innovations in drinking water piping solutions, irrigation and sewerage technologies to meet the constantly increasing demands. It is an ISO 9001:2015, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018 and Bureau of Indian Standards IS 4984:2016 certified company.

The company has a well-equipped manufacturing facility. It has the latest technology and equipment that helps in the production of high-quality HDPE pipes of different sizes. The company’s manufacturing facility is fully automated. The company also has a well-trained team of engineers, technicians and operators that helps in the production and quality control of the products. The products manufactured are approved by various agencies such as the Bureau of Indian Standards (BIS) and also from organisation, Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, and GAIL.

The company is registered vendor with government organizations such as Public Health Engineering Department and Rajasthan Water Supply & Sewerage Management Board all over Rajasthan. The company has always strived to provide its clients with the best HDPE pipes in the market. With the help of the latest technology and equipment, the company has been able to produce high-quality HDPE pipes that are not only durable but also affordable.

Business area of the company

Products of the company

HDPE Pipes & Coils
HDPE Sprinkler System
PPR Pipes
MDPE Pipes

History and milestones

2017-18 Incorporation of the Company in the name and style of ‘AIK Pipes and Polymers Private Limited’.
2023-24: Converted into Public Limited Company vide fresh certificate of incorporation dated June 19, 2023.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Aik Pipes & Polymers Ltd (544072) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Aik Pipes & Polymers Share Price