AIK Pipes and Polymers Limited
BSE: AIKPIPES · Plastic Products - Industrial
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Snapshot
Unlock AIK Pipes and Polymers Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Aik Pipes and Polymers Limited is an Indian manufacturer specialising in high-density polyethylene (HDPE) pipes and plastic fittings for infrastructure applications. The company provides critical piping solutions for water distribution, sewerage systems, and gas transmission projects.
Business Model
The company generates revenue through the manufacturing and sale of piping products to government agencies and private contractors engaged in large-scale utility infrastructure. It maintains competitive positioning by adhering to BIS quality standards for its diverse product portfolio.
Management Commentary
Management focuses on leveraging India's growing demand for irrigation and urban infrastructure to drive business expansion. The company recently transitioned to a publicly listed entity on the NSE SME platform to support its operational scale.
Growth Outlook
Growth is primarily driven by the increasing national emphasis on water distribution and urban infrastructure development. The company aims to capitalise on its manufacturing capabilities in Jaipur to meet rising demand from both public and private sector utility projects.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of polymers and other petrochemical-based raw materials can significantly impact profit margins.
- Project Execution Risk. The company's reliance on large-scale government and private utility contracts exposes it to potential delays in project timelines and payment cycles.
- Competitive Intensity. The plastic piping sector is highly fragmented with numerous organised and unorganised players, leading to intense price competition.
- Regulatory Compliance. Failure to maintain stringent BIS certifications and quality standards could result in the loss of eligibility for government infrastructure tenders.
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Peers · Plastic Products - Industrial
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
AIK Pipes and Polymers LimitedAIKPIPES | ₹18 Cr | — | — | — | 9.8% | — | — | -51.1% |
Dhabriya Polywood LimitedDHABRIYA | ₹598 Cr | 19.83 | 11.91 | 14.4% | 21.2% | 28.1% | 34.1% | +43.8% |
Shish IndustriesSHISHIND | ₹438 Cr | 54.68 | 26.82 | 15.6% | 13.3% | 6.3% | 8.8% | +37.8% |
Captain PolyplasCPL | ₹384 Cr | 13.68 | 10.20 | 45.5% | 11.1% | 16.3% | 24.0% | -5.7% |
Candour TechtexCANDOUR | ₹157 Cr | 42.59 | 15.74 | -69.1% | 18.9% | 4.5% | 6.7% | -11.9% |
Jain Irrigation Systems LimitedJISLDVREQS | ₹41 Cr | 15.16 | 4.81 | 9.9% | 12.7% | 0.1% | 6.8% | -32.0% |
As of Mar 2026
Financials
AIK Pipes and Polymers Limited
BSE: AIKPIPES · Plastic Products - Industrial
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock AIK Pipes and Polymers Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Aik Pipes and Polymers Limited is an Indian manufacturer specialising in high-density polyethylene (HDPE) pipes and plastic fittings for infrastructure applications. The company provides critical piping solutions for water distribution, sewerage systems, and gas transmission projects.
Business Model
The company generates revenue through the manufacturing and sale of piping products to government agencies and private contractors engaged in large-scale utility infrastructure. It maintains competitive positioning by adhering to BIS quality standards for its diverse product portfolio.
Management Commentary
Management focuses on leveraging India's growing demand for irrigation and urban infrastructure to drive business expansion. The company recently transitioned to a publicly listed entity on the NSE SME platform to support its operational scale.
Growth Outlook
Growth is primarily driven by the increasing national emphasis on water distribution and urban infrastructure development. The company aims to capitalise on its manufacturing capabilities in Jaipur to meet rising demand from both public and private sector utility projects.
Key Risks
- Raw Material Price Volatility. Fluctuations in the prices of polymers and other petrochemical-based raw materials can significantly impact profit margins.
- Project Execution Risk. The company's reliance on large-scale government and private utility contracts exposes it to potential delays in project timelines and payment cycles.
- Competitive Intensity. The plastic piping sector is highly fragmented with numerous organised and unorganised players, leading to intense price competition.
- Regulatory Compliance. Failure to maintain stringent BIS certifications and quality standards could result in the loss of eligibility for government infrastructure tenders.
Start your research today
Unlock AI insights, financials, peers and live data on AIK Pipes and Polymers Limited and 5,000+ companies — free.
Peers · Plastic Products - Industrial
As of Mar 2026