BSE: 544072 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aik Pipes & Polymers Ltd is a below average quality company.
The key valuation ratios of Aik Pipes & Polymers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aik Pipes & Polymers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 7.7% | 10% | 25.8% | 32.3% | 23.1% | - |
| Value Creation Index ⓘ | NA | -0.5 | -0.3 | 0.8 | 1.3 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 0 | 6.4 | 10.1 | 20.4 | 30.5 | 37.3 | 37 |
| Sales YoY Gr. | - | NA | 58.5% | 102.6% | 49.3% | 22.3% | - |
| Adj EPS ⓘ | 0 | 3.2 | 1.8 | 3.4 | 3.9 | 5.4 | 5.4 |
| YoY Gr. | - | NA | -45% | 93.2% | 14.6% | 36.7% | - |
| BVPS (₹) ⓘ | 0 | 5.8 | 5.7 | 7.9 | 12 | 34.5 | 34.5 |
| Adj Net Profit ⓘ | 0 | 0.2 | 0.3 | 0.9 | 1.8 | 3.4 | 3 |
| Cash Flow from Ops. ⓘ | 0 | -1.3 | 0.5 | -0.7 | -0.6 | -10.4 | - |
| Debt/CF from Ops. ⓘ | 0 | -3 | 7.1 | -6.7 | -9.5 | -0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 54.6% | 22.3% | ||||
| Adj EPS ⓘ | NA | NA | 44.7% | 36.7% | ||||
| BVPSⓘ | NA | NA | 82.7% | 187.9% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 55.4 | 45.2 | 61.5 | 48.1 | 24.8 | 15.6 |
| Op. Profit Mgn % ⓘ | 0 | 3.8 | 3.9 | 5 | 9.8 | 12.3 | NAN |
| Net Profit Mgn % ⓘ | 0 | 2.8 | 2.6 | 4.3 | 6 | 9.1 | 9.2 |
| Debt to Equity ⓘ | 0 | 11.6 | 4.6 | 2.1 | 1 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 0 | 168 | 120 | 114 | 188 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 118 | 71 | 78 | 117 | 0 |
Sales growth is growing at healthy rate in last 3 years 54.63%
Net Profit is growing at healthy rate in last 3 years 44.68%
Debt to equity has declined versus last 3 years average to 0.23
Return on Equity has declined versus last 3 years average to 15.60%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.4 | - |
| TTM Sales (₹ Cr.) | 37.3 | - |
| BVPS (₹.) ⓘ | 34.5 | - |
| Reserves (₹ Cr.) ⓘ | 16 | - |
| P/BV ⓘ | 3.40 | - |
| PE ⓘ | 21.82 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 96.50 / 170.00 |
| All Time Low / High (₹) | 96.50 / 170.00 |
| Market Cap (₹ Cr.) | 74.5 |
| Equity (₹ Cr.) | 6.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 6.36 | 10.08 | 20.42 | 30.48 | 37.27 |
| Operating Expenses ⓘ | 6.12 | 9.69 | 19.39 | 27.49 | 32.69 |
| Manufacturing Costs | 0.49 | 1 | 1.06 | 0.05 | 0.04 |
| Material Costs | 5.02 | 7.58 | 17.36 | 25.65 | 30.12 |
| Employee Cost | 0.23 | 0.29 | 0.33 | 0.47 | 0.67 |
| Other Costs ⓘ | 0.39 | 0.82 | 0.64 | 1.32 | 1.87 |
| Operating Profit ⓘ | 0.24 | 0.39 | 1.03 | 2.99 | 4.58 |
| Operating Profit Margin (%) | 3.8% | 3.9% | 5.0% | 9.8% | 12.3% |
| Other Income ⓘ | 0.14 | 0.12 | 0.49 | 0 | 0.10 |
| Interest ⓘ | 0.07 | 0.07 | 0.15 | 0.32 | 0.54 |
| Depreciation ⓘ | 0.07 | 0.08 | 0.10 | 0.19 | 0.30 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.24 | 0.36 | 1.27 | 2.48 | 3.85 |
| Tax ⓘ | 0.06 | 0.10 | 0.39 | 0.64 | 0.43 |
| Profit After Tax | 0.18 | 0.26 | 0.88 | 1.83 | 3.41 |
| PAT Margin (%) | 2.8% | 2.6% | 4.3% | 6.0% | 9.2% |
| Adjusted EPS (₹) | 3.2 | 1.8 | 3.4 | 3.9 | 5.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.32 | 0.83 | 2.03 | 5.60 | 21.92 | |||||
| Share Capital ⓘ | 0.15 | 0.40 | 0.70 | 1.28 | 6.36 | |||||
| Reserves ⓘ | 0.17 | 0.43 | 1.33 | 4.33 | 15.56 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 3.66 | 3.78 | 4.13 | 5.21 | 4.83 | |||||
| Long Term Debt | 0.31 | 0.26 | 0.45 | 1.49 | 1.35 | |||||
| Short Term Debt | 3.35 | 3.52 | 3.68 | 3.72 | 3.47 | |||||
| Trade Payables | 0.18 | 2.34 | 2.77 | 2.78 | 4.14 | |||||
| Others Liabilities ⓘ | 0.66 | 0.44 | 0.75 | 0.91 | 1.25 | |||||
| Total Liabilities ⓘ | 4.83 | 7.40 | 9.68 | 14.51 | 32.14 | |||||
Fixed Assets | ||||||||||
| Gross Block | 1.20 | 1.36 | 1.58 | 3.50 | 5.01 | |||||
| Accumulated Depreciation | 0.12 | 0.20 | 0.30 | 0.49 | 0.78 | |||||
| Net Fixed Assetsⓘ | 1.08 | 1.16 | 1.28 | 3.02 | 4.23 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0.02 | 0.02 | 0.02 | 0.02 | |||||
| Inventories | 0.05 | 0.18 | 1.04 | 3.44 | 6.41 | |||||
| Trade Receivables | 3.66 | 5.34 | 6.85 | 7.50 | 14.44 | |||||
| Cash Equivalents | 0.01 | 0.67 | 0.45 | 0.40 | 0.49 | |||||
| Others Assetsⓘ | 0.03 | 0.02 | 0.04 | 0.13 | 6.54 | |||||
| Total Assets ⓘ | 4.83 | 7.40 | 9.68 | 14.51 | 32.14 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1.25 | 0.54 | -0.65 | -0.56 | -10.44 |
| PBT ⓘ | 0.24 | 0.36 | 1.27 | 2.48 | 3.85 |
| Adjustment ⓘ | 0.14 | 0.15 | 0.25 | 0.51 | 0.73 |
| Changes in Working Capital ⓘ | -1.64 | 0.07 | -2.08 | -3.22 | -14.45 |
| Tax Paid ⓘ | 0.01 | -0.04 | -0.09 | -0.34 | -0.57 |
| Cash Flow From Investing Activity ⓘ | -0.45 | -0.18 | -0.22 | -1.92 | -1.56 |
| Capex | -0.45 | -0.16 | -0.22 | -1.92 | -1.51 |
| Net Investments | 0 | -0.02 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | -0.05 |
| Cash Flow From Financing Activityⓘ | 1.58 | 0.30 | 0.64 | 2.43 | 12.10 |
| Net Proceeds from Shares ⓘ | 0 | 0.25 | 0.30 | 1.70 | 12.91 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0.19 | 0 | 0 |
| Interest Paid ⓘ | -0.07 | -0.07 | -0.15 | -0.32 | -0.54 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.65 | 0.12 | 0.31 | 1.06 | -0.28 |
| Net Cash Flow ⓘ | -0.12 | 0.67 | -0.22 | -0.05 | 0.09 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 55.37 | 45.16 | 61.52 | 48.08 | 24.79 | |||||
| ROCE (%) | 7.74 | 10.01 | 25.77 | 32.33 | 23.06 | |||||
| Asset Turnover Ratio | 1.32 | 1.65 | 2.39 | 2.52 | 1.6 | |||||
| PAT to CFO Conversion(x) | -6.94 | 2.08 | -0.74 | -0.31 | -3.06 | Working Capital Days | ||||
| Receivable Days | 210 | 163 | 109 | 86 | 107 | |||||
| Inventory Days | 3 | 4 | 11 | 27 | 48 | |||||
| Payable Days | 13 | 61 | 54 | 40 | 42 | |||||
AIK Pipes and Polymers was originally incorporated on September 19, 2017 as ‘AIK Pipes and Polymers Private Limited’ under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently the Company was converted into Public Limited Company and name of company was changed from ‘AIK Pipes and Polymers Private Limited’ to ‘AIK Pipes and Polymers Limited’ vide fresh certificate of incorporation dated June 19, 2023 issued by the Registrar of Companies, Jaipur.
The company is engaged in manufacturing of comprehensive range of HDPE (High density polyethylene) pipes, HDPE Fittings, MDPE (Medium density polyethylene) Pipes and PPR (Polypropylene random) Pipes for water distribution, gas transmission, sewerage system and telecom sector. The company is committed towards constant innovations in drinking water piping solutions, irrigation and sewerage technologies to meet the constantly increasing demands. It is an ISO 9001:2015, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018 and Bureau of Indian Standards IS 4984:2016 certified company.
The company has a well-equipped manufacturing facility. It has the latest technology and equipment that helps in the production of high-quality HDPE pipes of different sizes. The company’s manufacturing facility is fully automated. The company also has a well-trained team of engineers, technicians and operators that helps in the production and quality control of the products. The products manufactured are approved by various agencies such as the Bureau of Indian Standards (BIS) and also from organisation, Central Institute of Petrochemicals Engineering and Technology, Indian Oil Corporation, and GAIL.
The company is registered vendor with government organizations such as Public Health Engineering Department and Rajasthan Water Supply & Sewerage Management Board all over Rajasthan. The company has always strived to provide its clients with the best HDPE pipes in the market. With the help of the latest technology and equipment, the company has been able to produce high-quality HDPE pipes that are not only durable but also affordable.
Business area of the company
The company is engaged in manufacturing of comprehensive range of HDPE (High density polyethylene) pipes, HDPE Fittings, MDPE (Medium density polyethylene) Pipes and PPR (Polypropylene random) Pipes for water distribution, gas transmission, sewerage system and telecom sector.
Products of the company
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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