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 ₹ 1,382 Cr.
- Current Price ₹ 300
- High / Low ₹ 546 / 298
- Stock P/E 53.7
- Book Value ₹ 180
- Dividend Yield 0.23 %
- ROCE 7.32 %
- ROE 4.61 %
- Face Value ₹ 10.0
Pros
- 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 SmallCap 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 | 1,133 | |
| 92 | 209 | 236 | 890 | 1,085 | 1,050 | |
| Operating Profit | 8 | 24 | 32 | 97 | 97 | 84 | 
| OPM % | 8% | 10% | 12% | 10% | 8% | 7% | 
| 9 | 0 | 0 | 4 | 5 | 12 | |
| Interest | 3 | 5 | 4 | 6 | 12 | 10 | 
| Depreciation | 2 | 4 | 5 | 30 | 45 | 51 | 
| Profit before tax | 13 | 15 | 24 | 65 | 45 | 35 | 
| Tax % | 9% | 35% | 35% | 34% | 25% | |
| 12 | 10 | 16 | 43 | 34 | 26 | |
| EPS in Rs | 3.87 | 3.34 | 5.27 | 10.84 | 7.41 | 5.75 | 
| Dividend Payout % | 0% | 0% | 0% | 9% | 9% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 28% | 
| 5 Years: | % | 
| 3 Years: | % | 
| TTM: | 20% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% | 
| 5 Years: | % | 
| 3 Years: | % | 
| TTM: | -26% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% | 
| 5 Years: | 14% | 
| 3 Years: | -15% | 
| 1 Year: | -43% | 
| 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 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 39 | 44 | 
| Reserves | 19 | 24 | 32 | 535 | 749 | 
| 45 | 34 | 20 | 69 | 93 | |
| 38 | 43 | 64 | 357 | 331 | |
| Total Liabilities | 107 | 106 | 121 | 1,000 | 1,217 | 
| 37 | 45 | 49 | 497 | 555 | |
| CWIP | 0 | 0 | 0 | 8 | 37 | 
| Investments | 0 | 0 | 0 | 52 | 65 | 
| 69 | 60 | 71 | 443 | 560 | |
| Total Assets | 107 | 106 | 121 | 1,000 | 1,217 | 
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)-Analyst / Investor Meet - Outcome
          
            10h - Audio recording of Oct 30, 2025 investor call on Q2/H1 unaudited results; link provided.
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          Announcement under Regulation 30 (LODR)-Monitoring Agency Report
          
            1d - Monitoring agency report: Rs.110 crore preferential warrants; Rs.27.5 crore received; Rs.16.47 crore utilized; no deviations.
- Announcement under Regulation 30 (LODR)-Investor Presentation 1d
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          Announcement under Regulation 30 (LODR)-Press Release / Media Release
          
            1d - Unaudited Q2/H1 FY26 results ended Sep 30, 2025: Q2 revenue ₹236 Cr, PAT ₹1.6 Cr, EBITDA ₹15.8 Cr.
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          Outcome Of Board Meeting Held On October 29, 2025 And Unaudited Financial Results For The Quarter Ended September 30, 2025
          
            1d - Board approved unaudited standalone and consolidated results for Q2/H1 ended Sep 30, 2025; limited review attached.
Annual reports
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      Financial Year 2025
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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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      Oct 2025TranscriptNotesPPT
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      May 2024TranscriptNotesPPT
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      Oct 2020Transcript PPT
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      Dec 2018TranscriptNotesPPT
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      Jan 2018TranscriptNotesPPT
Leadership[1]
Among the Top 10 leading PVC pipe manufactures in India.