Aik Pipes & Polymers (BSE 544072)₹30.99+6.94%Plastic Products - Industrial
In the Mar 2026 quarter (standalone), Aik Pipes & Polymers reported sales of ₹7.59 Cr, down 18.1% from Mar 2025, and net profit of ₹0.82 Cr, up 1,266.7% year on year. For the year to Mar 2026, sales were ₹9.49 Cr and net profit ₹0.08 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 21.35 | 16.04 | 15.92 | 9.27 | 1.90 | 7.59 |
| Expenses | 18.42 | 14.09 | 13.75 | 8.86 | 2.23 | 6.27 |
| Operating Profit | 2.82 | 1.89 | 2.11 | 0.36 | −0.36 | 1.29 |
| OPM % | 13.1% | 11.7% | 13.1% | 3.8% | −18.6% | 16.9% |
| Other Income | 0.02 | 0.11 | 0.07 | 0.29 | 0.11 | 0.31 |
| Interest | 0.23 | 0.43 | 0.40 | 0.35 | 0.27 | 0.30 |
| Depreciation | 0.14 | 0.18 | 0.19 | 0.22 | 0.23 | 0.26 |
| Profit before tax | 2.48 | 1.38 | 1.58 | 0.09 | −0.74 | 1.03 |
| Tax % | 26.8% | −16.0% | 23.7% | 12.5% | 2.8% | 17.7% |
| Net Profit | 1.80 | 1.59 | 1.19 | 0.06 | −0.74 | 0.82 |
| EPS (Rs) | 3.88 | 2.52 | 1.90 | 0.12 | −1.19 | 1.31 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 6.39 | 10.12 | 20.49 | 30.59 | 37.39 | 25.21 | 9.49 |
| Expenses | 6.10 | 9.65 | 19.34 | 27.43 | 32.51 | 22.61 | 8.50 |
| Operating Profit | 0.25 | 0.41 | 1.04 | 3.00 | 4.73 | 2.45 | 0.94 |
| OPM % | 3.8% | 4.0% | 5.0% | 9.7% | 12.6% | 9.7% | 9.8% |
| Other Income | 0.15 | 0.13 | 0.50 | 0.00 | 0.11 | 0.36 | 0.41 |
| Interest | 0.08 | 0.08 | 0.16 | 0.33 | 0.67 | 0.76 | 0.56 |
| Depreciation | 0.08 | 0.09 | 0.11 | 0.20 | 0.31 | 0.40 | 0.47 |
| Profit before tax | 0.25 | 0.38 | 1.28 | 2.49 | 3.85 | 1.66 | 0.31 |
| Tax % | 25.1% | 27.1% | 30.8% | 26.3% | 11.5% | 22.5% | 66.7% |
| Net Profit | 0.17 | 0.25 | 0.87 | 1.82 | 3.40 | 1.27 | 0.08 |
| EPS (Rs) | 12.03 | 6.52 | 12.59 | 14.38 | 5.37 | 2.02 | 0.15 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.16 | 0.41 | 0.71 | 1.29 | 6.38 | 6.38 | 6.38 |
| Reserves | 0.18 | 0.44 | 1.34 | 4.33 | 15.60 | 16.51 | 16.61 |
| Borrowings | 3.71 | 3.82 | 4.31 | 5.38 | 5.11 | 5.82 | 7.74 |
| Other Liabilities | 0.81 | 2.75 | 3.35 | 3.53 | 5.40 | 3.67 | 2.91 |
| Total Liabilities | 4.86 | 7.42 | 9.71 | 14.53 | 32.49 | 32.38 | 33.64 |
| Fixed Assets | 1.09 | 1.17 | 1.29 | 3.03 | 4.24 | 4.97 | 4.73 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.01 | 0.01 | 0.01 | 4.12 | 3.49 | 3.72 |
| Other Assets | 3.77 | 6.24 | 8.41 | 11.49 | 24.13 | 23.92 | 25.19 |
| Inventories | 0.04 | 0.17 | 1.03 | 3.43 | 6.40 | 7.20 | 9.67 |
| Trade receivables | 3.65 | 5.33 | 6.83 | 7.47 | 14.39 | 15.00 | 13.45 |
| Cash & equivalents | 0.02 | 0.68 | 0.46 | 0.41 | 0.50 | 0.27 | 0.27 |
| Total Assets | 4.86 | 7.42 | 9.71 | 14.53 | 32.49 | 32.38 | 33.64 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | −1.26 | 0.55 | −0.66 | −0.57 | −5.24 | 0.44 | −0.95 |
| Cash from investing activity | −0.44 | −0.17 | −0.21 | −1.91 | −6.62 | −0.24 | −0.39 |
| Cash from financing activity | 1.57 | 0.29 | 0.63 | 2.42 | 11.93 | −0.40 | 1.34 |
| Net cash flow | −0.13 | 0.68 | −0.23 | −0.06 | 0.10 | −0.24 | 0.02 |
| Capex | 0.46 | 0.17 | 0.23 | 1.93 | 1.52 | 1.13 | 0.24 |
| Free cash flow | −1.69 | 0.37 | −0.86 | −2.49 | −6.75 | −0.70 | −1.16 |
| CFO / OP % | −524.9% | 145.1% | −53.9% | −6.9% | −87.9% | 56.1% | −76.9% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 211 | 194 | 123 | 91 | 142 | 220 | 522 |
| Inventory days | 3 | 8 | 21 | 49 | 78 | 126 | 523 |
| Days payable | 12 | 100 | 55 | 40 | 47 | 52 | 75 |
| Cash conversion cycle | 200 | 100 | 87 | 98 | 171 | 292 | 968 |
| Working capital days | −22 | −24 | 15 | 47 | 128 | 202 | 534 |
| ROCE % | — | 10.2% | 25.8% | 32.4% | 23.7% | 8.6% | 3.0% |
For the Mar 2026 quarter, Aik Pipes & Polymers reported sales of ₹7.59 Cr, down 18.1% year on year and net profit of ₹0.82 Cr, up 1,266.7% year on year. The operating margin was 16.9%.
Aik Pipes & Polymers' sales for the year to Mar 2026 were ₹9.49 Cr.
Net profit for the year to Mar 2026 was ₹0.08 Cr. Earnings per share over the same trailing period were ₹0.15.
Aik Pipes & Polymers reported borrowings of ₹7.74 Cr at Mar 2026, against cash and equivalents of ₹0.27 Cr.
Cash from operations was −₹0.95 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.16 Cr.