Aik Pipes & Polymers Ltd
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]
- Market Cap ₹ 75.1 Cr.
- Current Price ₹ 118
- High / Low ₹ 152 / 96.5
- Stock P/E 39.9
- 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
Quarterly Results
Figures in Rs. Crores
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% |
Documents
Announcements
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended 31St March 2024. 1d
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
-
Appointment of Company Secretary and Compliance Officer
26 Apr - Appointment of Mrs. Payal Jain as Company Secretary and Compliance Officer of the Company w.e.f. 26th April 2024.
- Board Meeting Outcome for Outcome Of Board Meeting 26 Apr
- Board Meeting Intimation for Board Meeting Scheduled To Be Held On Friday, 26TH April, 2024 At 11.30 A.M. 18 Apr
Annual reports
No data available.
Concalls
-
Mar 2024TranscriptNotesPPT
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