Apex Ecotech Ltd
Incorporated in 2009, Apex Ecotech Ltd specializes in turnkey water and wastewater treatment projects[1]
- Market Cap ₹ 164 Cr.
- Current Price ₹ 124
- High / Low ₹ 169 / 73.0
- Stock P/E 19.1
- Book Value ₹ 35.1
- Dividend Yield 0.00 %
- ROCE 37.2 %
- ROE 28.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 26.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 82.5 to 114 days.
* 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
Utilities Utilities Other Utilities Water Supply & Management
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 44.47 | 11.70 | 19.51 | 34.57 | 53.08 | 70.96 | |
| 39.17 | 12.83 | 19.83 | 30.28 | 44.15 | 59.90 | |
| Operating Profit | 5.30 | -1.13 | -0.32 | 4.29 | 8.93 | 11.06 |
| OPM % | 11.92% | -9.66% | -1.64% | 12.41% | 16.82% | 15.59% |
| 0.10 | 0.28 | 0.52 | 0.35 | 0.38 | 0.62 | |
| Interest | 1.12 | 0.42 | 0.36 | 0.20 | 0.10 | 0.08 |
| Depreciation | 0.42 | 0.39 | 0.36 | 0.28 | 0.23 | 0.22 |
| Profit before tax | 3.86 | -1.66 | -0.52 | 4.16 | 8.98 | 11.38 |
| Tax % | 30.83% | -0.60% | 26.92% | 15.38% | 26.17% | 24.78% |
| 2.67 | -1.65 | -0.66 | 3.52 | 6.63 | 8.56 | |
| EPS in Rs | 29.23 | -18.06 | -7.22 | 38.53 | 68.45 | 6.49 |
| Dividend Payout % | 18.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 54% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 116% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 40% |
| Last Year: | 28% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.91 | 0.91 | 0.91 | 0.91 | 0.97 | 13.19 |
| Reserves | 5.10 | 3.45 | 2.79 | 6.31 | 13.77 | 33.05 |
| 1.47 | 4.08 | 1.10 | 0.58 | 0.42 | 0.18 | |
| 11.48 | 5.10 | 4.99 | 9.88 | 10.39 | 13.27 | |
| Total Liabilities | 18.96 | 13.54 | 9.79 | 17.68 | 25.55 | 59.69 |
| 3.50 | 4.43 | 1.59 | 1.38 | 1.29 | 1.18 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15.46 | 9.11 | 8.20 | 16.30 | 24.26 | 58.51 | |
| Total Assets | 18.96 | 13.54 | 9.79 | 17.68 | 25.55 | 59.69 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 5.00 | -0.91 | -0.07 | 2.60 | -0.85 | -14.08 | |
| 0.04 | -1.28 | 3.30 | 0.00 | -0.05 | 0.45 | |
| -5.77 | 2.18 | -3.27 | -0.59 | 0.66 | 22.61 | |
| Net Cash Flow | -0.72 | 0.00 | -0.04 | 2.01 | -0.24 | 8.99 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 68.21 | 138.20 | 64.92 | 74.01 | 59.62 | 113.83 |
| Inventory Days | 31.73 | 147.34 | 52.26 | 54.45 | 17.74 | 17.84 |
| Days Payable | 113.13 | 202.15 | 57.67 | 42.63 | 37.69 | 26.49 |
| Cash Conversion Cycle | -13.19 | 83.40 | 59.50 | 85.83 | 39.67 | 105.17 |
| Working Capital Days | 29.96 | 112.31 | 62.86 | 47.09 | 84.10 | 89.81 |
| ROCE % | -15.83% | -8.46% | 69.21% | 79.09% | 37.23% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
30 May 2025 - H2 FY25 earnings call: 127% revenue growth, 351% PAT rise, INR55 Cr order book, focus on ZLD technology.
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Disclosure under SEBI Takeover Regulations
29 May 2025 - Apex Ecotech Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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Investor Presentation
26 May 2025 - Apex Ecotech reports FY25 revenue ₹7095.53L, PAT ₹856.08L, EPS ₹7.91; strong YoY and HoH growth.
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Analysts/Institutional Investor Meet/Con. Call Updates
26 May 2025 - Audio recording link of Apex Ecotech's 26 May 2025 earnings call submitted to NSE.
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Structural Digital Database
23 May 2025 - SDD compliance certificate confirming no non-compliance for FY ended March 31, 2025.
Concalls
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May 2025Transcript PPT REC
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May 2025TranscriptNotesPPT
Business Overview:[1]
AEL is an ISO 9001:2015 certified company which undertakes turnkey projects by providing sustainable, low-carbon-footprint, energy-efficient treatment solutions
for Water & Wastewater Treatment, Membrane
Recycling, Evaporators & Zero Liquid Discharge Systems to reuse for various process applications. The company designs and implements tailored solutions that enhance water management practices.