Apollo Pipes Ltd

Apollo Pipes Ltd

₹ 636 0.33%
28 Mar - close price
About

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.

Key Points

Product Portfolio
Company has a diversified portfolio of 1,600+ products including uPVC & CPVC Plumbing Systems, uPVC Pressure Pipes and Fittings, HDPE Pipes & Coils, HDPE Sprinkler Systems for agriculture, Underground Drainage & casing Pipes for sewerage, Water Tanks, Solvent Cement, Bath Fittings like showers, Faucets and Kitchen Sink. The company is focusing on Agriculture, water management, and construction segments along with Oil & gas segment and telecom ducting.[1][2]
In FY23, company introduced PPR-C plumbing product range in the market. The company also launched ‘Plastic Faucets, Taps and Showers’ in the domestic market – to drive higher brand visibility through New Products.[3]

  • Market Cap 2,502 Cr.
  • Current Price 636
  • High / Low 799 / 530
  • Stock P/E 224
  • Book Value 24.6
  • Dividend Yield 0.09 %
  • ROCE 30.6 %
  • ROE 24.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 74.7 days to 51.5 days

Cons

  • Stock is trading at 25.9 times its book value

* 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

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017
0.21 0.08 45.11 44.17 52.42 24.07 47.47 61.22 79.82 56.27 50.05 70.67 83.14
0.03 0.03 41.93 39.72 47.07 21.49 42.14 53.12 70.11 49.31 44.97 61.19 76.87
Operating Profit 0.18 0.05 3.18 4.45 5.35 2.58 5.33 8.10 9.71 6.96 5.08 9.48 6.27
OPM % 85.71% 62.50% 7.05% 10.07% 10.21% 10.72% 11.23% 13.23% 12.16% 12.37% 10.15% 13.41% 7.54%
0.00 0.00 0.23 9.46 0.02 0.07 0.05 0.10 0.02 0.09 0.11 0.92 0.87
Interest 0.00 0.00 1.25 1.58 1.27 0.63 1.24 0.97 0.96 0.93 1.08 0.65 0.74
Depreciation 0.00 0.00 0.82 1.27 0.84 0.54 1.00 1.20 1.04 1.11 1.07 1.46 1.32
Profit before tax 0.18 0.05 1.34 11.06 3.26 1.48 3.14 6.03 7.73 5.01 3.04 8.29 5.08
Tax % 27.78% 40.00% 25.37% 6.24% 32.82% 41.22% -0.32% 52.90% 33.25% 37.33% 34.54% 34.50% 37.80%
0.12 0.03 1.00 10.36 2.20 0.87 3.16 2.84 5.16 3.15 1.99 5.43 3.17
EPS in Rs 0.08 0.02 0.22 3.55 0.75 0.58 1.07 0.95 3.44 1.05 0.67 3.62 2.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 TTM
100 233 268 260
92 209 236 232
Operating Profit 8 24 32 28
OPM % 8% 10% 12% 11%
9 0 0 2
Interest 3 5 4 3
Depreciation 2 4 5 5
Profit before tax 13 15 24 21
Tax % 9% 35% 35%
12 10 16 14
EPS in Rs 3.87 3.34 5.27 7.45
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 23%
Stock Price CAGR
10 Years: 55%
5 Years: 37%
3 Years: 27%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017
Equity Capital 5 5 5
Reserves 19 24 32
45 34 20
38 43 64
Total Liabilities 107 106 121
37 45 49
CWIP 0 0 0
Investments 0 0 0
69 60 71
Total Assets 107 106 121

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017
7 22 16
-40 -12 -9
36 -11 -8
Net Cash Flow 3 -1 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017
Debtor Days 72 46 47
Inventory Days 125 31 47
Days Payable 46 20 39
Cash Conversion Cycle 151 57 54
Working Capital Days 129 44 51
ROCE % 22% 31%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 50.80% 50.80% 50.80%
3.19% 2.70% 1.91% 1.21% 1.04% 1.01% 2.21% 2.38% 2.71% 2.56% 2.67% 3.23%
8.07% 8.23% 9.54% 10.85% 11.32% 11.92% 11.76% 12.17% 12.65% 13.09% 14.87% 14.70%
35.94% 36.27% 35.75% 35.14% 34.97% 34.41% 33.35% 32.78% 32.07% 33.01% 31.11% 30.74%
0.76% 0.76% 0.76% 0.76% 0.63% 0.63% 0.63% 0.63% 0.53% 0.53% 0.53% 0.53%
No. of Shareholders 10,68615,37718,36039,78342,98840,10640,60539,77637,58135,24538,47241,443

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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