Aik Pipes & Polymers
Aik Pipes & Polymers (AIKPIPES) share price was ₹24.32 at the 28 Oct 2026 close; market capitalisation ₹15.49 Cr; P/E (TTM) 3.20; sector Industrial Products. The share price fell 54.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue fell 18.1% year on year to ₹7.56 Cr and net profit was ₹0.83 Cr, against ₹0.07 Cr a year earlier (compared with Mar 2025). Promoters held 73.50% of Aik Pipes & Polymers in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 53/100 (Average) as of 28 Oct 2026.
Key Fundamentals
SMEIndustrial ProductsCapital GoodsPrice-based figures as of 28 Oct 2026, 15:30 IST · TTM
Peer Comparison
Industrials › Industrial Products › Plastic Products - Industrial
| ₹3,212.50 | 39.53 | 40,807 Cr | 6.38 | 0.36% | 15.46% | 19.93% | 12,488 Cr | 1,033 Cr | |
| ₹1,358.50 | 63.39 | 36,496 Cr | 9.00 | 0.29% | 13.18% | 18.43% | 6,836 Cr | 576 Cr | |
| ₹7,098.00 | 42.51 | 16,490 Cr | 5.67 | 0.17% | 12.73% | 16.71% | 2,461 Cr | 388 Cr | |
| ₹6,816.50 | 40.93 | 9,237 Cr | 6.60 | 0.29% | 13.24% | 17.92% | 2,244 Cr | 225 Cr | |
| ₹141.07 | 14.22 | 8,753 Cr | 1.41 | 1.94% | 9.64% | 12.75% | 4,214 Cr | 616 Cr | |
| ₹162.43 | 16.05 | 8,018 Cr | 1.96 | 0.91% | 11.44% | 15.75% | 6,455 Cr | 498 Cr | |
| ₹256.80 | 27.82 | 2,839 Cr | 1.73 | 0.40% | 4.57% | 6.34% | 2,640 Cr | 103 Cr | |
| — | 3.20 | 15 Cr | 0.68 | 0.00% | 0.38% | 3.67% | 28 Cr | 2 Cr | |
| Median 8 companies | ₹1,358.50 | 33.68 | 8,995 Cr | 3.82 | 0.32% | 12.09% | 16.23% | 3,427 Cr | 443 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 100/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 0.68 times its book value
Weaknesses
7- 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
Technical Indicators
Oscillators
Bullish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 16.93% · Mar 2026
Quarterly Results
| Particulars | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 21.28 | 15.99 | 15.87 | 9.23 | 1.89 | 7.56 |
| Expenses | 18.47 | 14.11 | 13.77 | 8.88 | 2.24 | 6.28 |
| Operating Profit | 2.81 | 1.88 | 2.1 | 0.35 | -0.35 | 1.28 |
| OPM % | 13.2% | 11.76% | 13.23% | 3.79% | -18.52% | 16.93% |
| Other Income | 0.01 | 0.1 | 0.06 | 0.28 | 0.1 | 0.3 |
| Interest | 0.22 | 0.44 | 0.41 | 0.34 | 0.26 | 0.31 |
| Depreciation | 0.13 | 0.17 | 0.18 | 0.21 | 0.22 | 0.25 |
| PBT | 2.47 | 1.37 | 1.57 | 0.08 | -0.73 | 1.02 |
| Tax % | 26.72% | -16.06% | 23.57% | 12.5% | 2.74% | 17.65% |
| Net Profit | 1.81 | 1.6 | 1.2 | 0.07 | -0.75 | 0.83 |
| EPS (₹) | 3.87 | 2.51 | 1.89 | 0.11 | -1.18 | 1.3 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 6.36 | 10.08 | 20.42 | 30.48 | 37.27 | 25.1 | 9.45 |
| Expenses | 6.12 | 9.68 | 19.39 | 27.49 | 32.55 | 22.66 | 8.52 |
| Operating Profit | 0.24 | 0.4 | 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% |
| Other Income | 0.14 | 0.12 | 0.49 | 0 | 0.1 | 0.35 | 0.4 |
| Interest | 0.07 | 0.07 | 0.15 | 0.32 | 0.68 | 0.75 | 0.57 |
| Depreciation | 0.07 | 0.08 | 0.1 | 0.19 | 0.3 | 0.39 | 0.46 |
| PBT | 0.24 | 0.37 | 1.27 | 2.48 | 3.84 | 1.65 | 0.3 |
| Tax % | 25% | 27.03% | 30.71% | 26.21% | 11.46% | 22.42% | 66.67% |
| Net Profit | 0.18 | 0.26 | 0.88 | 1.83 | 3.41 | 1.28 | 0.09 |
| EPS (₹) | 3 | 1.73 | 3.38 | 3.89 | 5.36 | 2.01 | 0.14 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.4 | 0.7 | 1.28 | 6.36 | 6.36 | 6.36 |
| Reserves | 0.17 | 0.43 | 1.33 | 4.33 | 15.56 | 16.47 | 16.56 |
| Borrowings | 3.71 | 3.83 | 4.32 | 5.38 | 5.1 | 5.81 | 7.72 |
| Other Liabilities | 0.81 | 2.74 | 3.33 | 3.51 | 5.37 | 3.65 | 2.9 |
| Total Liabilities | 4.84 | 7.4 | 9.68 | 14.5 | 32.39 | 32.29 | 33.54 |
| Fixed Assets | 1.08 | 1.16 | 1.28 | 3.02 | 4.23 | 4.96 | 4.72 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0.02 | 0.02 | 0.02 | 4.13 | 3.5 | 3.73 |
| Other Assets | 3.76 | 6.22 | 8.38 | 11.46 | 24.03 | 23.83 | 25.09 |
| Total Assets | 4.84 | 7.4 | 9.68 | 14.5 | 32.39 | 32.29 | 33.54 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | -1.25 | 0.54 | -0.65 | -0.56 | -5.23 | 0.43 | -0.94 |
| Investing | -0.45 | -0.18 | -0.22 | -1.92 | -6.64 | -0.25 | -0.4 |
| Financing | 1.58 | 0.3 | 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 | -1.7 | 0.38 | -0.87 | -2.48 | -6.74 | -0.69 | -1.17 |
| CFO/EBITDA | -525 | 145 | -54 | -7 | -88 | 56 | -77 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 210 | 193 | 122 | 89.81 | 141 | 219 | 521 |
| Inventory Days | 3.32 | 7.67 | 20.61 | 48.93 | 77.68 | 126 | 523 |
| Days Payable | 11.95 | 99.66 | 54.89 | 39.54 | 47.14 | 52.19 | 75.05 |
| Cash Conversion Cycle | 201 | 101 | 88.16 | 99.2 | 172 | 293 | 969 |
| Working Capital Days | -22.96 | -24.62 | 14.3 | 45.51 | 127 | 201 | 533 |
| ROCE % | — | 10.13% | 25.79% | 32.3% | 23.73% | 8.62% | 2.94% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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54 extracted metrics + investor summaries across FY20–FY26.
Documents
Frequently Asked Questions about Aik Pipes & Polymers
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Company Information
Incorporated in 2017, AIK Pipes and Polymers Ltd is in the business of manufacturing Pipes.[1]
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