December 26, 2023 - December 28, 2023

AIK Pipes And Polymers IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to AIK Pipes And Polymers IPO.

AIK Pipes And Polymers IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

AIK Pipes And Polymers IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

AIK Pipes And Polymers IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is in the business of manufacturing HDPE/MDPE pipes. It marked constant growth in its top and bottom lines for the reported periods, but the margins posted raises eyebrows. Amidst rising competition, sustaining such margins raise concerns. Based on FY24 annualized super earnings, the issue appears fully priced. The small paid-up equity capital post-IPO indicates longer gestation period for migration to mainboard. Well-informed investors may park funds for the medium to long term rewards. Read detail review...

AIK Pipes And Polymers IPO Peer Comparison

AIK Pipes And Polymers Limited peer comparison with similar listed entities. (As on June 30, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Closing price as on period ended	P/BV Ratio	Financial statements
AIK Pipes And Polymers Limited	2.18	2.18	14.17	21.54	15.39	89.00	6.28	Standalone
Rex Pipes & Cables Industries Limited	4.21	4.21	26.69	16.67	15.75			Standalone
Prince Pipes and Fittings Ltd	10.98	10.98	12.34	64.75	8.86			Standalone

Based on June 30, 2023 restated financial statements
Source: Based on Financial Results of Peer Group Companies available on website of BSE and NSE.
Basic & Diluted Earnings per share (EPS) is calculated on weighted average number of shares after considering Bonus Issue of Shares.
Price Earning (P/E) Ratio in relation to the Issue Price of ₹89/- per share.

AIK Pipes And Polymers IPO Review by Members

AIK Pipes And Polymers IPO Reviews, analysis and views by popular members. Read AIK Pipes And Polymers Limited IPO reviews by retail investors to find recommended ipo to buy.

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AIK Pipes And Polymers IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	2
%	0.00	0.00	0.00	100.00

Member	Review
Kuldeep.aug	Avoid Major business dependence on only govt of rajasthan December 27, 2023 9:36:01 AM
GBB	Avoid LOW MARGIN BUSINESS December 22, 2023 1:02:19 PM

Member

Review

Kuldeep.aug

Avoid

Major business dependence on only govt of rajasthan

December 27, 2023 9:36:01 AM

GBB

Avoid

LOW MARGIN BUSINESS

December 22, 2023 1:02:19 PM

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