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Aik Pipes & Polymers Ltd (544072)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544072 NSE: Plastic Products | Small Cap | Aik Pipes & Polymers Share Price

₹23.26 -0.84 (-3.49%)

As on 04-Jun'26 16:59

Aik Pipes & Polymers Ltd (544072)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544072 NSE: Plastic Products | Small Cap | Aik Pipes & Polymers Share Price

₹23.26 -0.84 (-3.49%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹15 Cr.
Current Price
₹23.3
52-Week Low / High
₹19 / 78
TTM EPS
₹0.1
TTM Sales
₹9.5 Cr.
Book Value per Share
₹36
P/E Ratio
168.19
Higher than its 5-year historical median
Industry PE
39
Price to Book (P/B)
0.65
Lower than its 5-year historical median
Price to Sales (P/S)
1.57
In line with its 5-year historical median
EV/EBITDA
15.37
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
5.70%
In line with industry median
Return on Capital Employed (ROCE)
8.64%
In line with industry median
Return on Assets (ROA)
3.97%
Operating Profit Margin
9.7%
Net Profit Margin
5.09%
Gross Profit Margin
8.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-32.65%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-48.09%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-62.46%
Asset Quality
Promoter Holding
73.50%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹17 Cr.
Equity
₹6.4 Cr.
Face Value
₹10
All Time Low / High
₹19.02 / 170.00

Aik Pipes & Polymers stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Aik Pipes & Polymers Ltd a good quality company?
Aik Pipes & Polymers Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Aik Pipes & Polymers Ltd performance compare with that of its Peers?
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 4.71%, indicating faster growth and gaining its market share.
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 Stock return of Aik Pipes & Polymers Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -69.41% based on the current price.
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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)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Aik Pipes & Polymers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ0%7.7%10%25.8%32.3%23.8%8.6%-
Value Creation
Index ⓘ		NA-0.5-0.30.81.30.7-0.4-

Growth Parameters ⓘ
Sales ⓘ06.410.120.430.537.325.19
Sales YoY Gr.-NA58.5%102.6%49.3%22.3%-32.7%-
Adj EPS ⓘ03.21.83.43.95.420.1
YoY Gr.-NA-45%93.2%14.6%36.7%-62.5%-
BVPS (₹) ⓘ05.85.77.91234.535.936
Adj Net
Profit ⓘ		00.20.30.91.83.41.30
Cash Flow from Ops. ⓘ0-1.30.5-0.7-0.6-5.20.4-
Debt/CF from Ops. ⓘ0-37.1-6.7-9.5-113.5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA31.6%7.1%-32.7%
Adj EPS ⓘNA-9%-16.2%-62.5%
BVPSⓘNA43.9%65.7%4.2%
Share Price - - - -66.3%

Key Financial Parameters ⓘ

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		055.445.261.548.124.85.70.4
Op. Profit
Mgn % ⓘ		03.83.959.812.79.7NAN
Net Profit
Mgn % ⓘ		02.82.64.369.15.10.9
Debt to
Equity ⓘ		011.64.62.110.20.3-
Working Cap
Days ⓘ		001681201141683400
Cash Conv.
Cycle ⓘ		0011871781192620

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6.3610.0820.4230.4837.2725.10
Operating Expenses ⓘ + 6.129.6919.3927.4932.5522.65
Manufacturing Costs0.4911.060.050.280.06
Material Costs5.027.5817.3625.6530.1220.83
Employee Cost 0.230.290.330.470.660.70
Other Costs ⓘ 0.390.820.641.321.481.06
Operating Profit ⓘ 0.240.391.032.994.722.45
Operating Profit Margin (%) 3.8%3.9%5.0%9.8%12.7%9.7%
Other Income ⓘ + 0.140.120.4900.100.35
Exceptional Items ⓘ 000000
Interest ⓘ 0.070.070.150.320.680.75
Depreciation ⓘ 0.070.080.100.190.300.39
Profit Before Tax ⓘ 0.240.361.272.483.851.65
Tax ⓘ 0.060.100.390.640.430.38
Profit After Tax 0.180.260.881.833.411.28
PAT Margin (%) 2.8%2.6%4.3%6.0%9.2%5.1%
Adjusted EPS (₹)3.21.83.43.95.42.0
Dividend Payout Ratio (%)0%0%0%0%0%0%

Valuation of Aik Pipes & Polymers - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 0.320.832.035.6021.9222.83
Share Capital ⓘ 0.150.400.701.286.366.36
Reserves ⓘ 0.170.431.334.3315.5616.47
Debt +3.663.784.135.214.835.59
Long Term Debt0.310.260.451.491.350.85
Short Term Debt3.353.523.683.723.474.74
Minority Interest000000
Trade Payables0.182.342.772.783.892.98
Others Liabilities ⓘ 0.660.440.750.911.490.72
Total Liabilities ⓘ 4.837.409.6814.5132.1332.13

Fixed Assets

Net Fixed Assets ⓘ +1.081.161.283.024.234.96
Gross Block1.201.361.583.505.016.13
Accumulated Depreciation0.120.200.300.490.781.16
CWIP ⓘ 000000
Investments ⓘ 00.020.020.024.133.50
Inventories0.050.181.043.446.417.21
Trade Receivables3.665.346.857.5014.4415.05
Cash Equivalents 0.010.670.450.400.490.26
Others Assets ⓘ 0.030.020.040.132.431.15
Total Assets ⓘ 4.837.409.6814.5132.1332.13

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -1.250.54-0.65-0.56-5.230.43
PBT ⓘ 0.240.361.272.483.851.65
Adjustment ⓘ 0.140.150.250.510.971.14
Changes in Working Capital ⓘ -1.640.07-2.08-3.22-8.95-1.43
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 0-0.02-0-0-4.110.64
Others ⓘ 0000-1.020.23
Cash Flow From Financing Activity ⓘ + 1.580.300.642.4311.95-0.41
Net Proceeds from Shares ⓘ 00.250.301.7012.910
Net Proceeds from Borrowing ⓘ 000.190-0.13-0.51
Interest Paid ⓘ -0.07-0.07-0.15-0.32-0.68-0.75
Dividend Paid ⓘ 000000
Others ⓘ 1.650.120.311.06-0.150.85
Net Cash Flow ⓘ -0.120.67-0.22-0.050.09-0.23

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)55.3745.1661.5248.0824.795.7
ROCE (%)7.7410.0125.7732.3323.88.64
Asset Turnover Ratio1.321.652.392.521.60.78
PAT to CFO Conversion(x)-6.942.08-0.74-0.31-1.530.34
Working Capital Days
Receivable Days210.10163108.9085.90107.40214.40
Inventory Days2.904.2010.9026.8048.3099.10
Payable Days13.3060.8053.8039.5040.4060.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Aik Pipes & Polymers Ltd FAQs

The current trading price of Aik Pipes & Polymers on 04-Jun-2026 16:59 is ₹23.26.

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 03-Jun-2026 the market cap of Aik Pipes & Polymers stood at ₹14.80 Cr

The latest P/E ratio of Aik Pipes & Polymers as of 03-Jun-2026 is 168.2.

The latest P/B ratio of Aik Pipes & Polymers as of 03-Jun-2026 is 0.65.

The 52-week high of Aik Pipes & Polymers is ₹77.99 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 ₹9.45 ( Cr.) .

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

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.

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.

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

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.

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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