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 ₹ 2,241 Cr.
- Current Price ₹ 509
- High / Low ₹ 540 / 252
- Stock P/E 184
- Book Value ₹ 192
- Dividend Yield 0.14 %
- ROCE 2.69 %
- ROE 1.48 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 4.88% over last quarter.
Cons
- Stock is trading at 2.65 times its book value
- The company has delivered a poor sales growth of 11.4% over past five years.
- Company has a low return on equity of 4.14% 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 BSE 1000
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 0 | 241 | 284 | 362 | 408 | 518 | 784 | 915 | 977 | 926 | 887 | |
| 0 | 0 | 210 | 251 | 323 | 361 | 444 | 690 | 846 | 881 | 839 | 819 | |
| Operating Profit | 1 | -0 | 31 | 33 | 39 | 47 | 74 | 94 | 69 | 96 | 87 | 69 |
| OPM % | 86% | 13% | 12% | 11% | 11% | 14% | 12% | 8% | 10% | 9% | 8% | |
| 0 | 0 | 2 | 8 | 10 | 10 | 8 | 3 | 2 | 4 | 5 | 7 | |
| Interest | 0 | 0 | 4 | 3 | 6 | 6 | 5 | 4 | 9 | 6 | 10 | 7 |
| Depreciation | 0 | 0 | 5 | 7 | 10 | 13 | 18 | 26 | 28 | 30 | 39 | 51 |
| Profit before tax | 0 | -0 | 24 | 31 | 34 | 38 | 61 | 67 | 33 | 64 | 42 | 17 |
| 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 | |
| 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 |
| 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: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 60% |
| 5 Years: | -23% |
| 3 Years: | -20% |
| TTM: | -59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 7% |
| 3 Years: | -7% |
| 1 Year: | 24% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 6% |
| 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% | 3% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity MTPA |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11 May - Transcript of the Conference call held on May 08, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
8 May - Apollo Pipes shared audio recording link for 8 May 2026 analyst call on FY26 audited results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 May - Newspaper Publication of the Audited Financial Results for the quarter and year ended March 31, 2026
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (The "Listing
Regulations")
7 May - Apollo Pipes reappointed cost and internal auditors for FY2026-27 on May 7, 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
7 May - CARE monitoring report for Q4/FY26 preferential issue: no deviation; Varanasi commissioned Apr 14, 2026; Rs27.5 crore utilized.
Annual reports
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Financial Year 2025
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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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May 2026Transcript PPT
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May 2026TranscriptAI SummaryPPT
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Oct 2020Transcript PPT
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Dec 2018TranscriptAI SummaryPPT
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Leadership[1]
Among the Top 10 leading PVC pipe manufactures in India.