Aik Pipes & Polymers Ltd
₹ 24.0
2.13%
15 Jun
- close price
About
Incorporated in 2017, AIK Pipes and Polymers Ltd is in the business of manufacturing Pipes.[1]
Key Points
- Market Cap ₹ 15.3 Cr.
- Current Price ₹ 24.0
- High / Low ₹ 78.0 / 19.0
- Stock P/E 170
- Book Value ₹ 36.0
- Dividend Yield 0.00 %
- ROCE 2.94 %
- ROE 0.39 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.67 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.28% over past five years.
- Company has a low return on equity of 8.10% over last 3 years.
- Earnings include an other income of Rs.0.40 Cr.
- Company has high debtors of 521 days.
- Working capital days have increased from 287 days to 533 days
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 6.36 | 10.08 | 20.42 | 30.48 | 37.27 | 25.10 | 9.45 | |
| 6.12 | 9.68 | 19.39 | 27.49 | 32.55 | 22.66 | 8.52 | |
| Operating Profit | 0.24 | 0.40 | 1.03 | 2.99 | 4.72 | 2.44 | 0.93 |
| OPM % | 3.77% | 3.97% | 5.04% | 9.81% | 12.66% | 9.72% | 9.84% |
| 0.14 | 0.12 | 0.49 | 0.00 | 0.10 | 0.35 | 0.40 | |
| Interest | 0.07 | 0.07 | 0.15 | 0.32 | 0.68 | 0.75 | 0.57 |
| Depreciation | 0.07 | 0.08 | 0.10 | 0.19 | 0.30 | 0.39 | 0.46 |
| Profit before tax | 0.24 | 0.37 | 1.27 | 2.48 | 3.84 | 1.65 | 0.30 |
| Tax % | 25.00% | 27.03% | 30.71% | 26.21% | 11.46% | 22.42% | 66.67% |
| 0.18 | 0.26 | 0.88 | 1.83 | 3.41 | 1.28 | 0.09 | |
| EPS in Rs | 12.00 | 6.50 | 12.57 | 14.35 | 5.36 | 2.01 | 0.14 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -32% |
| TTM: | -62% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -19% |
| 3 Years: | -63% |
| TTM: | -93% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 8% |
| Last Year: | 0% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.40 | 0.70 | 1.28 | 6.36 | 6.36 | 6.36 |
| Reserves | 0.17 | 0.43 | 1.33 | 4.33 | 15.56 | 16.47 | 16.56 |
| 3.71 | 3.83 | 4.32 | 5.38 | 5.10 | 5.81 | 7.72 | |
| 0.81 | 2.74 | 3.33 | 3.51 | 5.37 | 3.65 | 2.90 | |
| Total Liabilities | 4.84 | 7.40 | 9.68 | 14.50 | 32.39 | 32.29 | 33.54 |
| 1.08 | 1.16 | 1.28 | 3.02 | 4.23 | 4.96 | 4.72 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.02 | 0.02 | 0.02 | 4.13 | 3.50 | 3.73 |
| 3.76 | 6.22 | 8.38 | 11.46 | 24.03 | 23.83 | 25.09 | |
| Total Assets | 4.84 | 7.40 | 9.68 | 14.50 | 32.39 | 32.29 | 33.54 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -1.25 | 0.54 | -0.65 | -0.56 | -5.23 | 0.43 | -0.94 | |
| -0.45 | -0.18 | -0.22 | -1.92 | -6.64 | -0.25 | -0.40 | |
| 1.58 | 0.30 | 0.64 | 2.43 | 11.95 | -0.41 | 1.35 | |
| Net Cash Flow | -0.12 | 0.67 | -0.22 | -0.05 | 0.09 | -0.23 | 0.01 |
| Free Cash Flow | -1.70 | 0.38 | -0.87 | -2.48 | -6.74 | -0.69 | -1.17 |
| CFO/OP | -525% | 145% | -54% | -7% | -88% | 56% | -77% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 210.05 | 193.36 | 122.44 | 89.81 | 141.42 | 218.85 | 521.04 |
| Inventory Days | 3.32 | 7.67 | 20.61 | 48.93 | 77.68 | 126.28 | 522.66 |
| Days Payable | 11.95 | 99.66 | 54.89 | 39.54 | 47.14 | 52.19 | 75.05 |
| Cash Conversion Cycle | 201.42 | 101.37 | 88.16 | 99.20 | 171.95 | 292.94 | 968.65 |
| Working Capital Days | -22.96 | -24.62 | 14.30 | 45.51 | 127.31 | 201.40 | 533.40 |
| ROCE % | 10.13% | 25.79% | 32.30% | 23.73% | 8.62% | 2.94% |
Insights
In beta| Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Number of Employees Numbers |
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| Trade Receivables Turnover Ratio |
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| Installed Capacity MT |
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| Production Facility Area Sq Ft |
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| Order Book INR Crores |
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| Pipe Size Range (Diameter) mm |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
30 May - Board approved FY26 audited results: revenue ₹985.35 lakh, PAT ₹8.71 lakh; reappointed internal auditor for FY27.
- Audited Financial Results For The Half Year And Financial Year Ended 31St March, 2026 30 May
-
Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 ('Listing Regulations')
30 May - Board approved FY26 audited results on 30 May 2026; reappointed SASH & Associates as internal auditor.
-
Board Meeting Intimation for Meeting Of The Board Of The Company To Be Held On Saturday, 30Th May, 2026
25 May - Board meets 30 May 2026 to approve audited FY26 and half-year results.
-
List Of Key Managerial Personnel (KMP'S) And Contact Details As Required Under Regulation 30(5) Of SEBI (LODR) Regulations, 2015 ("Listing Regulations")
30 Apr - AIK Pipes revised KMP list and contact details for Regulation 30(5) compliance on 30 April 2026.
Annual reports
Concalls
-
Mar 2024TranscriptAI SummaryPPT
Business Overview:[1]
AIKPPL specializes in offering solutions with a comprehensive range of HDPE, MDPE, and PPR
pipes which help essential sectors like water distribution, gas transmission, sewerage systems, housing, infrastructure, agriculture, and the telecom industry.