Aik Pipes & Polymers Ltd

Aik Pipes & Polymers Ltd

₹ 112 -1.32%
19 Apr - close price
About

Founded in 2017, AIK Pipes and Polymers manufactures pipes, HDPE fittings, MDPE pipes, and PPR pipes for the water distribution, gas transmission, sewerage systems, and telecommunication sectors.[1]

Key Points

Product Portfolio & Revenue Bifurcation[1]
HDPE Pipe & Coils - 97% in FY23 vs 91% in FY22
HDPE Sprinkle Systems - 0.5% in FY23 vs 3%
MDPE Pipes - 2.5% in FY23 vs 4% in FY22
PPR Pipes - Nil in FY23 vs 4.5% in FY22

  • Market Cap 71.3 Cr.
  • Current Price 112
  • High / Low 152 / 96.5
  • Stock P/E 37.9
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 32.9 %
  • ROE 49.2 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 51.8%
  • Debtor days have improved from 135 to 89.8 days.

Cons

  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Figures in Rs. Crores

Jun 2023
13.77
12.48
Operating Profit 1.29
OPM % 9.37%
0.23
Interest 0.10
Depreciation 0.06
Profit before tax 1.36
Tax % 25.74%
1.02
EPS in Rs 2.18
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
6.36 10.08 20.42 30.48
6.12 9.68 19.39 27.74
Operating Profit 0.24 0.40 1.03 2.74
OPM % 3.77% 3.97% 5.04% 8.99%
0.14 0.12 0.49 0.30
Interest 0.07 0.07 0.15 0.34
Depreciation 0.07 0.08 0.10 0.19
Profit before tax 0.24 0.37 1.27 2.51
Tax % 25.00% 27.03% 30.71% 25.10%
0.18 0.26 0.88 1.88
EPS in Rs 12.00 6.50 12.57 14.75
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 69%
TTM: 49%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 119%
TTM: 114%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 52%
Last Year: 49%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 0.15 0.40 0.70 1.28
Reserves 0.17 0.43 1.33 4.33
3.71 3.83 4.32 5.38
0.81 2.74 3.33 3.52
Total Liabilities 4.84 7.40 9.68 14.51
1.08 1.16 1.28 3.02
CWIP 0.00 0.00 0.00 0.00
Investments 0.00 0.02 0.02 0.02
3.76 6.22 8.38 11.47
Total Assets 4.84 7.40 9.68 14.51

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1.25 0.54 -0.65 -0.55
-0.45 -0.18 -0.22 -1.92
1.58 0.30 0.64 2.42
Net Cash Flow -0.12 0.67 -0.22 -0.05

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 210.05 193.36 122.44 89.81
Inventory Days 3.32 7.67 20.61 48.39
Days Payable 11.95 99.66 54.89 39.10
Cash Conversion Cycle 201.42 101.37 88.16 99.10
Working Capital Days 172.17 104.65 83.47 91.97
ROCE % 10.13% 25.79% 32.87%

Shareholding Pattern

Numbers in percentages

Mar 2024
73.47%
26.53%
No. of Shareholders 560

Documents