Is Aik Pipes & Poly overvalued or undervalued?

As of 7 October 2025, the valuation grade for Aik Pipes & Poly has moved from very expensive to expensive. Based on the current analysis, the company is considered overvalued. Key ratios include a PE ratio of 24.68, an EV to EBITDA of 15.16, and a ROCE of 7.26%.
In comparison to peers, Aik Pipes & Poly's PE ratio is significantly lower than that of Supreme Industries at 60.53 and Astral at 78.84, both classified as very expensive. However, it is higher than Finolex Industries, which is fairly valued with a PE ratio of 30.56. The recent stock performance has been notably poor, with a year-to-date return of -55.33%, contrasting sharply with the Sensex's positive return of 4.85% in the same period, reinforcing the overvaluation perspective.