Aik Pipes & Polymers Ltd

Aik Pipes & Poly Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aik Pipes & Polymers Ltd

₹ 144 4.99%
26 Jul - close price
aikpipes.com BSE - SME: 544072
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

Website BSE
  • Market Cap ₹ 91.8 Cr.
  • Current Price ₹ 144
  • High / Low ₹ 152 / 96.5
  • Stock P/E 26.9
  • Book Value ₹ 34.4
  • Dividend Yield 0.00 %
  • ROCE 23.0 %
  • ROE 24.8 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.2%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Working capital days have increased from 130 days to 214 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

Sector: Plastic products Industry: Plastics Products

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Half Yearly Results

Figures in Rs. Crores

Mar 2024
15.99
14.23
Operating Profit 1.76
OPM % 11.01%
0.10
Interest 0.32
Depreciation 0.17
Profit before tax 1.37
Tax % -16.06%
1.60
EPS in Rs 2.51
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6.36 10.08 20.42 30.48 37.27
6.12 9.68 19.39 27.49 32.69
Operating Profit 0.24 0.40 1.03 2.99 4.58
OPM % 3.77% 3.97% 5.04% 9.81% 12.29%
0.14 0.12 0.49 0.00 0.10
Interest 0.07 0.07 0.15 0.32 0.54
Depreciation 0.07 0.08 0.10 0.19 0.30
Profit before tax 0.24 0.37 1.27 2.48 3.84
Tax % 25.00% 27.03% 30.71% 26.21% 11.46%
0.18 0.26 0.88 1.83 3.41
EPS in Rs 12.00 6.50 12.57 14.35 5.36
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 55%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 136%
TTM: 86%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 32%
Last Year: 25%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.15 0.40 0.70 1.28 6.36
Reserves 0.17 0.43 1.33 4.33 15.56
3.71 3.83 4.32 5.38 5.10
0.81 2.74 3.33 3.51 5.37
Total Liabilities 4.84 7.40 9.68 14.50 32.39
1.08 1.16 1.28 3.02 4.23
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.02 0.02 0.02 0.02
3.76 6.22 8.38 11.46 28.14
Total Assets 4.84 7.40 9.68 14.50 32.39

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.25 0.54 -0.65 -0.56 -10.44
-0.45 -0.18 -0.22 -1.92 -1.56
1.58 0.30 0.64 2.43 12.10
Net Cash Flow -0.12 0.67 -0.22 -0.05 0.09

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 210.05 193.36 122.44 89.81 141.42
Inventory Days 3.32 7.67 20.61 48.93 77.68
Days Payable 11.95 99.66 54.89 39.54 50.17
Cash Conversion Cycle 201.42 101.37 88.16 99.20 168.92
Working Capital Days 172.17 104.65 83.47 92.09 214.28
ROCE % 10.13% 25.79% 32.30% 22.99%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2024
73.47%
26.53%
No. of Shareholders 560

Documents

Announcements

Annual reports

Concalls

  • Mar 2024
    Transcript
    Notes
    PPT