Is Aik Pipes & Poly overvalued or undervalued?

As of 28 October 2025, the valuation grade for Aik Pipes & Poly has moved from expensive to very expensive. The company is currently overvalued based on its financial metrics. Key ratios include a PE Ratio of 27.21, an EV to EBIT of 19.60, and a Price to Book Value of 1.53, which are significantly higher compared to peers like Finolex Industries, which has a PE Ratio of 29.69 and EV to EBITDA of 27.22, indicating a more favorable valuation.
In comparison to its peers, Aik Pipes & Poly's valuation appears excessive, especially when considering the industry context where companies like Time Technoplast are rated attractive with a PE Ratio of 23.38. The company's recent stock performance has been poor, with a year-to-date return of -50.75%, contrasting sharply with the Sensex's gain of 8.30% in the same period, further reinforcing the notion that Aik Pipes & Poly is overvalued.