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 ₹ 2,373 Cr.
- Current Price ₹ 539
- High / Low ₹ 670 / 252
- Stock P/E
- Book Value ₹ 192
- Dividend Yield 0.13 %
- ROCE 2.18 %
- ROE 0.57 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.76 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.4% over past five years.
- Company has a low return on equity of 3.72% over last 3 years.
- Dividend payout has been low at 14.9% of profits over last 3 years
* 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 Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 0 | 241 | 284 | 362 | 408 | 518 | 784 | 915 | 977 | 926 | 887 | 912 | |
| 0 | 0 | 210 | 251 | 323 | 361 | 444 | 690 | 846 | 881 | 839 | 818 | 854 | |
| Operating Profit | 1 | -0 | 31 | 33 | 39 | 47 | 74 | 94 | 69 | 96 | 87 | 69 | 58 |
| OPM % | 86% | 13% | 12% | 11% | 11% | 14% | 12% | 8% | 10% | 9% | 8% | 6% | |
| 0 | 0 | 2 | 8 | 10 | 10 | 8 | 3 | 2 | 4 | 5 | 7 | 6 | |
| Interest | 0 | 0 | 4 | 3 | 6 | 6 | 5 | 4 | 9 | 6 | 10 | 8 | 8 |
| Depreciation | 0 | 0 | 5 | 7 | 10 | 13 | 18 | 26 | 28 | 30 | 39 | 51 | 54 |
| Profit before tax | 0 | -0 | 24 | 31 | 34 | 38 | 61 | 67 | 33 | 64 | 42 | 17 | 2 |
| Tax % | 29% | 22% | 35% | 29% | 29% | 24% | 27% | 26% | 27% | 34% | 27% | 29% | |
| 0 | -0 | 16 | 22 | 24 | 29 | 44 | 50 | 24 | 42 | 31 | 12 | -0 | |
| EPS in Rs | 0.14 | -0.07 | 10.46 | 6.66 | 6.65 | 7.26 | 11.32 | 12.65 | 6.08 | 10.78 | 7.00 | 2.77 | -0.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 5% | 0% | 0% | 8% | 10% | 9% | 10% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -1% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 46% |
| 5 Years: | -36% |
| 3 Years: | -42% |
| TTM: | -101% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 1% |
| 3 Years: | -9% |
| 1 Year: | 32% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 5% |
| 3 Years: | 4% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 11 | 11 | 12 | 13 | 13 | 39 | 39 | 39 | 44 | 44 |
| Reserves | 5 | 4 | 80 | 102 | 218 | 293 | 338 | 366 | 418 | 534 | 761 | 801 |
| 0 | 0 | 20 | 238 | 112 | 90 | 63 | 39 | 44 | 62 | 61 | 92 | |
| 0 | 0 | 30 | 49 | 49 | 85 | 80 | 100 | 161 | 188 | 184 | 195 | |
| Total Liabilities | 10 | 10 | 142 | 401 | 391 | 482 | 494 | 544 | 662 | 824 | 1,049 | 1,132 |
| 0 | 0 | 70 | 79 | 117 | 154 | 221 | 236 | 281 | 345 | 398 | 421 | |
| CWIP | 0 | 0 | 0 | 15 | 12 | 30 | 8 | 7 | 6 | 8 | 37 | 90 |
| Investments | 10 | 10 | 0 | 1 | 0 | 0 | 0 | 4 | 40 | 170 | 206 | 223 |
| 0 | 0 | 72 | 307 | 262 | 297 | 265 | 296 | 336 | 300 | 408 | 399 | |
| Total Assets | 10 | 10 | 142 | 401 | 391 | 482 | 494 | 544 | 662 | 824 | 1,049 | 1,132 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | -0 | 24 | 15 | 26 | 12 | 21 | 36 | 69 | 123 | 70 | 38 | |
| -10 | 0 | -9 | -27 | -44 | -52 | -56 | -37 | -68 | -214 | -141 | -134 | |
| 0 | 0 | -15 | 215 | -39 | 20 | -21 | -30 | -8 | 76 | 180 | 49 | |
| Net Cash Flow | -0 | 0 | -0 | 203 | -57 | -19 | -56 | -30 | -7 | -14 | 109 | -47 |
| Free Cash Flow | 10 | -0 | 15 | -15 | -19 | -47 | -41 | -4 | -2 | 26 | -49 | -83 |
| CFO/OP | 1,505% | 122% | 97% | 83% | 93% | 44% | 45% | 55% | 121% | 147% | 95% | 66% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 52 | 49 | 36 | 53 | 44 | 33 | 26 | 19 | 19 | 29 | |
| Inventory Days | 47 | 80 | 73 | 104 | 79 | 84 | 90 | 83 | 87 | 100 | ||
| Days Payable | 39 | 70 | 50 | 86 | 49 | 35 | 59 | 60 | 70 | 74 | ||
| Cash Conversion Cycle | 0 | 60 | 59 | 59 | 71 | 74 | 82 | 57 | 42 | 36 | 54 | |
| Working Capital Days | -62 | 47 | -44 | 16 | 20 | 42 | 54 | 39 | 0 | 19 | 13 | |
| ROCE % | 7% | -1% | 45% | 15% | 12% | 12% | 16% | 17% | 9% | 12% | 7% | 2% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales Volume Tons |
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| Housing/Plumbing Revenue Mix % of sales |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication
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Incorporation Of A Wholly Owned Subsidiary
- Apollo Pipes incorporated wholly owned subsidiary Apollo Ceramics Limited on September 17, 2026.
- Corrigendum To The Postal Ballot Notice Dated August 31, 2026
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Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL upgraded Apollo Pipes' Rs 280 crore bank facilities to AA-/Stable and A1+ on September 16, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement of Completion of Dispatch of Notice of Postal Ballot.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT REC
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Leadership[1]
Among the Top 10 leading PVC pipe manufactures in India.