Apollo Pipes Ltd
Apollo Pipes is engaged in manufacturing and trading of cPVC, uPVC, and HDPE pipes, PVC taps, fittings, water storage tank and solvent etc. It is among the top 10 leading piping solution providing Company in India. The products cater to an array of industrial applications such as Agriculture, Water Management, Construction,Infrastructure,and Telecom ducting segments.
- Market Cap ₹ 1,170 Cr.
- Current Price ₹ 266
- High / Low ₹ 495 / 252
- Stock P/E 71.9
- Book Value ₹ 187
- Dividend Yield 0.26 %
- ROCE 7.32 %
- ROE 4.61 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company's median sales growth is 19.7% of last 10 years
Cons
- Promoter holding has decreased over last 3 years: -5.19%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Part of BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 100 | 233 | 268 | 987 | 1,182 | 1,073 | |
| 92 | 209 | 236 | 890 | 1,085 | 1,000 | |
| Operating Profit | 8 | 24 | 32 | 97 | 97 | 72 |
| OPM % | 8% | 10% | 12% | 10% | 8% | 7% |
| 9 | 0 | 0 | 4 | 5 | 12 | |
| Interest | 3 | 5 | 4 | 6 | 12 | 9 |
| Depreciation | 2 | 4 | 5 | 30 | 45 | 54 |
| Profit before tax | 13 | 15 | 24 | 65 | 45 | 21 |
| Tax % | 9% | 35% | 35% | 34% | 25% | |
| 12 | 10 | 16 | 43 | 34 | 15 | |
| EPS in Rs | 3.87 | 3.34 | 5.27 | 10.84 | 7.41 | 3.70 |
| Dividend Payout % | 0% | 0% | 0% | 9% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 3% |
| 3 Years: | -19% |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 39 | 44 | 44 |
| Reserves | 19 | 24 | 32 | 535 | 749 | 780 |
| 45 | 34 | 20 | 69 | 93 | 71 | |
| 38 | 43 | 64 | 357 | 331 | 303 | |
| Total Liabilities | 107 | 106 | 121 | 1,000 | 1,217 | 1,198 |
| 37 | 45 | 49 | 497 | 555 | 579 | |
| CWIP | 0 | 0 | 0 | 8 | 37 | 56 |
| Investments | 0 | 0 | 0 | 52 | 65 | 67 |
| 69 | 60 | 71 | 443 | 560 | 495 | |
| Total Assets | 107 | 106 | 121 | 1,000 | 1,217 | 1,198 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 7 | 22 | 16 | 125 | 29 | |
| -40 | -12 | -9 | -214 | -151 | |
| 36 | -11 | -8 | -64 | 205 | |
| Net Cash Flow | 3 | -1 | -1 | -153 | 83 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 72 | 46 | 47 | 29 | 29 |
| Inventory Days | 125 | 31 | 47 | 102 | 94 |
| Days Payable | 46 | 20 | 39 | 85 | 77 |
| Cash Conversion Cycle | 151 | 57 | 54 | 46 | 46 |
| Working Capital Days | 44 | 18 | 43 | -3 | 20 |
| ROCE % | 22% | 31% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Transcript of the conference call held on January 30, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Jan - Apollo Pipes posted Jan 30, 2026 concall audio on Q3 and nine-month results (ended Dec 31, 2025).
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jan - Newspaper publication of the unaudited financial results for the quarter and nine months ended December 31, 2025.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
29 Jan - Monitoring agency report: Rs110 crore warrants; Rs27.5cr received, Rs82.5cr pending; Varanasi project commissioning March 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Jan - Q3/9M FY26 results: Q3 revenue ₹247Cr, PAT loss ₹3.3Cr; net debt ₹28Cr; acquired Kisan Mouldings for ₹146Cr
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT
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Oct 2023TranscriptAI SummaryPPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Jan 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Jul 2022Transcript PPT
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May 2022TranscriptPPT
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Oct 2021TranscriptPPT
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Jul 2021TranscriptPPT
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Apr 2021TranscriptPPT
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Jan 2021TranscriptPPT
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Oct 2020Transcript PPT
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Aug 2020Transcript PPT
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May 2020TranscriptAI SummaryPPT
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Mar 2020TranscriptPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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Jun 2019Transcript PPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019Transcript PPT
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Feb 2019TranscriptAI SummaryPPT
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Dec 2018TranscriptAI SummaryPPT
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Dec 2018TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Jan 2018TranscriptAI SummaryPPT
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Jan 2018TranscriptAI SummaryPPT
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Jan 2018TranscriptAI SummaryPPT
Leadership[1]
Among the Top 10 leading PVC pipe manufactures in India.