Apollo Pipes Ltd

Apollo Pipes Ltd

₹ 509 0.15%
19 May - 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

Leadership[1]
Among the Top 10 leading PVC pipe manufactures in India.

  • Market Cap 2,241 Cr.
  • Current Price 509
  • High / Low 540 / 252
  • Stock P/E 299
  • Book Value 186
  • Dividend Yield 0.14 %
  • ROCE 2.10 %
  • ROE 0.93 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 20.0%
  • Promoter holding has increased by 4.88% over last quarter.

Cons

  • Stock is trading at 2.73 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.94% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
56.27 50.05 70.67 83.14 255.60 308.50 250.44 307.93 314.78 275.00 235.71 247.18 347.02
49.31 44.97 61.19 76.87 230.19 279.54 231.03 284.66 290.74 254.32 219.94 235.17 328.98
Operating Profit 6.96 5.08 9.48 6.27 25.41 28.96 19.41 23.27 24.04 20.68 15.77 12.01 18.04
OPM % 12.37% 10.15% 13.41% 7.54% 9.94% 9.39% 7.75% 7.56% 7.64% 7.52% 6.69% 4.86% 5.20%
0.09 0.11 0.92 0.87 0.33 0.99 0.64 0.28 3.36 3.00 5.35 0.57 1.49
Interest 0.93 1.08 0.65 0.74 1.47 2.23 3.70 3.13 1.93 2.44 2.51 2.43 3.05
Depreciation 1.11 1.07 1.46 1.32 8.46 9.93 10.58 11.78 12.25 12.12 14.50 15.21 15.06
Profit before tax 5.01 3.04 8.29 5.08 15.81 17.79 5.77 8.64 13.22 9.12 4.11 -5.06 1.42
Tax % 37.33% 34.54% 34.50% 37.80% 56.36% 21.98% 31.54% 26.16% 25.26% 10.53% 66.42% -6.13% 109.86%
3.15 1.99 5.43 3.17 6.90 13.88 3.95 6.39 9.87 8.16 1.39 -4.75 -0.13
EPS in Rs 1.05 0.67 3.62 2.11 1.71 3.02 1.01 1.41 2.22 1.85 0.37 -0.74 0.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2024 Mar 2025 Mar 2026
100 233 268 987 1,182 1,105
92 209 236 890 1,085 1,038
Operating Profit 8 24 32 97 97 66
OPM % 8% 10% 12% 10% 8% 6%
9 0 0 4 5 10
Interest 3 5 4 6 12 10
Depreciation 2 4 5 30 45 57
Profit before tax 13 15 24 65 45 10
Tax % 9% 35% 35% 34% 25% 51%
12 10 16 43 34 5
EPS in Rs 3.87 3.34 5.27 10.84 7.41 1.70
Dividend Payout % 0% 0% 0% 9% 9% 41%
Compounded Sales Growth
10 Years: 17%
5 Years: %
3 Years: %
TTM: -6%
Compounded Profit Growth
10 Years: 4%
5 Years: %
3 Years: %
TTM: -76%
Stock Price CAGR
10 Years: 28%
5 Years: 7%
3 Years: -7%
1 Year: 24%
Return on Equity
10 Years: %
5 Years: %
3 Years: 4%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5 5 5 39 44 44
Reserves 19 24 32 535 749 775
45 34 20 69 93 124
38 43 64 357 331 343
Total Liabilities 107 106 121 1,000 1,217 1,286
37 45 49 497 555 571
CWIP 0 0 0 8 37 90
Investments 0 0 0 52 65 68
69 60 71 443 560 556
Total Assets 107 106 121 1,000 1,217 1,286

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2024 Mar 2025 Mar 2026
7 22 16 125 29 35
-40 -12 -9 -214 -151 -134
36 -11 -8 -64 205 45
Net Cash Flow 3 -1 -1 -153 83 -54
Free Cash Flow -33 10 8 28 -101 -85
CFO/OP 106% 111% 69% 148% 42% 65%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2024 Mar 2025 Mar 2026
Debtor Days 72 46 47 29 29 34
Inventory Days 125 31 47 102 94 114
Days Payable 46 20 39 85 77 90
Cash Conversion Cycle 151 57 54 46 46 58
Working Capital Days 44 18 43 -3 20 14
ROCE % 22% 31% 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
Installed Capacity
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Sales Volume
Tons
Channel Partners / Distributors
Numbers
Number of SKUs
Numbers

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

103 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
50.80% 50.80% 50.80% 50.77% 45.90% 45.90% 46.49% 46.84% 46.84% 46.84% 46.84% 51.72%
2.56% 2.67% 3.23% 4.24% 4.14% 4.47% 4.03% 3.47% 4.28% 3.71% 3.58% 2.22%
13.09% 14.87% 14.70% 14.68% 17.19% 16.59% 15.26% 14.08% 15.26% 14.59% 12.43% 10.77%
33.01% 31.11% 30.74% 29.87% 32.37% 32.62% 33.83% 35.29% 33.31% 34.57% 36.86% 35.01%
0.53% 0.53% 0.53% 0.43% 0.41% 0.41% 0.39% 0.32% 0.31% 0.31% 0.31% 0.29%
No. of Shareholders 35,24538,47241,44340,99940,78643,30944,49744,55245,22646,09546,76644,305

* 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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