Price
Financials
Standalone, Rs crore| 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 | 2.10 | 0.35 | -0.35 | 1.28 |
| OPM % | 13.20% | 11.76% | 13.23% | 3.79% | -18.52% | 16.93% |
| Other Income | 0.01 | 0.10 | 0.06 | 0.28 | 0.10 | 0.30 |
| 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 |
| Profit before tax | 2.47 | 1.37 | 1.57 | 0.08 | -0.73 | 1.02 |
| Tax % | 26.72% | -16.06% | 23.57% | 12.50% | 2.74% | 17.65% |
| Net Profit | 1.81 | 1.60 | 1.20 | 0.07 | -0.75 | 0.83 |
| EPS in Rs | 3.87 | 2.51 | 1.89 | 0.11 | -1.18 | 1.30 |
| 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 | 25.10 | 9.45 |
| Expenses | 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% |
| Other Income | 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% |
| Net Profit | 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% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | -1% | -32% | -62% | ||
| Compounded Profit Growth | % | -19% | -63% | -93% | ||
| Stock Price CAGR | % | % | % | -59% | ||
| Return on Equity | % | 12% | 8% | 0% |
| 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 |
| Borrowings | 3.71 | 3.83 | 4.32 | 5.38 | 5.10 | 5.81 | 7.72 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1.25 | 0.54 | -0.65 | -0.56 | -5.23 | 0.43 | -0.94 |
| Cash from Investing Activity | -0.45 | -0.18 | -0.22 | -1.92 | -6.64 | -0.25 | -0.40 |
| Cash from Financing Activity | 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% |
| 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% |
| Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.47% | 73.47% | 73.47% | 73.47% | 73.47% | 73.47% | 73.47% | 73.50% | 73.50% |
| Public | 26.53% | 26.53% | 26.53% | 26.53% | 26.53% | 26.53% | 26.52% | 26.51% | 26.51% |
| No. of Shareholders | 560 | 638 | 801 | 838 | 836 | 812 | 794 | 766 | 736 |
Fundamentals
Market Cap₹ 17.2 Cr.
Current Price₹ 27.0
Stock P/E191
Book Value₹ 36.0
ROCE2.94 %
ROE0.39 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-62%
Compounded Profit Growth (TTM)-93%
Standalone figures.
Valuation
Market capRs 17 Cr
Enterprise valueRs 22 Cr
P/E (TTM)9.39x
Price to book3.06x
Price to sales0.56x
EV / EBITDA7.41x
EV / EBIT7.91x
EV / sales0.73x
Earnings yield10.65%
Profitability
Operating margin (excl. other income)9.81%
Operating margin (incl. other income)9.81%
EBITDA margin9.81%
Pre-tax margin8.14%
Net profit margin6.00%
ROE47.91%
ROCE32.30%
ROA15.14%
ROE, 3-year average51.55%
ROCE, 3-year average22.74%
ROA, 3-year average9.90%
ROIC (approx.)19.51%
Tax rate26.21%
Growth
Sales growth (latest year)49.27%
Profit growth (latest year)107.95%
Sales CAGR, 3 years68.60%
Profit CAGR, 3 years116.63%
Per share
EPS (TTM)Rs 2.88
EPS (latest year)Rs 14.35
EPS, 3-year averageRs 11.14
Book value per shareRs 8.82
Sales per shareRs 47.90
Cash flow per shareRs -0.88
Free cash flow per shareRs -1.84
Efficiency
Asset turnover2.10x
Fixed asset turnover10.09x
Inventory turnover7.56x
Inventory days48 days
Debtor days90 days
Debtors turnover4.06x
Creditor days75 days
Cash conversion cycle969 days
Working capital days533 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 0 Cr
Net debtRs 5 Cr
Debt to equity0.96x
Net debt / EBITDA1.67x
Interest coverage8.75x
Owners' fund to total sources38.69%
Debt to assets37.10%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years-0.93x
Statement figures
Net sales (TTM)Rs 30 Cr
Net sales (latest year)Rs 30 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 26 Cr
Total expenditure (latest year)Rs 27 Cr
Total income (latest year)Rs 30 Cr
Share capitalRs 1 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 6 Cr
Total assetsRs 14 Cr
Net blockRs 3 Cr
InvestmentsRs 0 Cr
ReceivablesRs 8 Cr
InventoryRs 3 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.64
Ownership
Promoter holding73.50% (+0.03 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.4 is at the 7th percentile of its own 2.3-year range
(median 47.7, low 7.2, high 362.2).
P/B 3.06 is at the 7th percentile (median 20.67).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 544072 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -18.7% | -2.8% | -15.9 pts |
| 1 month | -6.1% | -6.8% | +0.7 pts |
| 3 months | +12.0% | -7.6% | +19.7 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -23% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 16% of total assets in 2026 |
| explain | Share dilution Share count up 86% in a year, 550% in three |
| look | Inventory outrunning sales Inventory grew 231% vs sales +49% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹8 Cr -52.7% vs Mar 2024.
Net profit ₹1 Cr -48.1%.
Activity
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|---|---|---|---|
| Supreme Industries Ltd | 43,771 | 42.4 | 20.7 % |
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| Kingfa Science & Technology (India) Ltd | 8,842 | 39.2 | 23.2 % |
| Prince Pipes & Fittings Ltd | 2,830 | 27.2 | 6.03 % |
| Apollo Pipes Ltd | 2,258 | 1.23 % | |
| Jain Irrigation Systems Ltd | 2,065 | 5.30 % | |
| Jai Corp Ltd | 1,611 | 17.1 | 11.8 % |
| Premier Polyfilm Ltd | 1,007 | 28.8 | 28.9 % |
| R M Drip & Sprinklers Systems Ltd | 1,004 | 28.5 | 38.3 % |
| Prakash Pipes Ltd | 591 | 12.0 | 12.4 % |
| Shish Industries Ltd | 574 | 168 | 6.80 % |
| Dhabriya Polywood Ltd | 500 | 15.4 | 25.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Aik Pipes & Polymers Ltd?
Aik Pipes & Polymers Ltd (544072) has a market capitalisation of Rs 17.2 Cr. at the 2026-09-24 close.
What is the P/E ratio of Aik Pipes & Polymers Ltd?
Aik Pipes & Polymers Ltd trades at a P/E of 191 on trailing twelve-month profit, at the 2026-09-24 close.
What were Aik Pipes & Polymers Ltd's latest quarterly results?
In the Mar 2026 quarter, Aik Pipes & Polymers Ltd sales was Rs 8 Cr (-52.7% vs Mar 2024) and net profit was Rs 1 Cr.