Is Aik Pipes & Poly overvalued or undervalued?

As of 29 October 2025, the valuation grade for Aik Pipes & Poly has moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios. The PE ratio stands at 24.48, while the EV to EBITDA ratio is 15.06, both of which are significantly higher than some peers. For instance, Finolex Industries has a PE ratio of 29.9 and an EV to EBITDA of 27.45, while Time Technoplast shows a more favorable PE of 23.54 and an EV to EBITDA of 12.49.
In addition to the high valuation ratios, Aik Pipes & Poly's return performance has been notably poor, with a year-to-date decline of 55.69%, contrasting sharply with a Sensex return of 8.78% over the same period. This further supports the conclusion that the company is overvalued in its current market position.