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Apollo Pipes Overview

Apollo Pipes Ltd, was previously known as Amulya Leasing and Finance Ltd, is an primarily India based enterprise, that is centred at the development, production and distribution of plastic piping systems. The Company is engaged inside the enterprise of producing of multiple levels of pipes, which include chlorinated polyvinyl chloride (CPVC) pipes, unplasticised poly vinyl chloride (uPVC) pipes, high density polyethylene (HDPE) products, metallic pipes and hollow section. The Company manufactures the plastic pipes underneath the brand name APL ...Read More

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Apollo Pipes Key Financials

Market Cap ₹1795 Cr.

Stock P/E 52.7

P/B 2.2

Current Price ₹407.6

Book Value ₹ 185.9

Face Value 10

52W High ₹495

Dividend Yield 0.17%

52W Low ₹ 252.8

Apollo Pipes Share Price

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Volume
Price

Apollo Pipes Quarterly Price

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Apollo Pipes Peer Comparison

Apollo Pipes Quarterly Results

#(Fig in Cr.) Mar 2017 Jun 2017 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 63 83 256 308 250 308 315 275 236 247
Other Income 0 1 0 1 1 0 3 3 5 1
Total Income 63 84 256 309 251 308 318 278 241 248
Total Expenditure 53 77 230 280 231 285 291 254 220 235
Operating Profit 10 7 26 30 20 24 27 24 21 13
Interest 1 1 1 2 4 3 2 2 3 2
Depreciation 1 1 8 10 11 12 12 12 14 15
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 8 5 16 18 6 9 13 9 4 -5
Provision for Tax 3 2 9 4 2 2 3 1 3 -0
Profit After Tax 5 3 7 14 4 6 10 8 1 -5
Adjustments -3 0 -0 -1 0 -0 -0 -0 0 1
Profit After Adjustments 3 3 7 12 4 6 10 8 2 -3
Adjusted Earnings Per Share 1.8 2.1 1.7 3 1 1.4 2.2 1.8 0.4 -0.7

Apollo Pipes Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2024 Mar 2025 TTM
Net Sales 90 208 240 987 1182 1073
Other Income 1 0 0 4 5 12
Total Income 90 209 240 991 1187 1085
Total Expenditure 82 184 208 890 1085 1000
Operating Profit 8 24 32 100 102 85
Interest 3 5 4 6 12 9
Depreciation 2 4 5 30 45 53
Exceptional Income / Expenses 9 0 0 0 0 0
Profit Before Tax 13 15 24 65 45 21
Provision for Tax 1 5 8 22 11 7
Profit After Tax 12 10 16 43 34 14
Adjustments -6 -5 -8 -0 -1 1
Profit After Adjustments 6 5 8 43 33 17
Adjusted Earnings Per Share 3.9 3.3 5.3 10.8 7.4 3.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 78% 0% 0%
Operating Profit CAGR 2% 62% 0% 0%
PAT CAGR -21% 50% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 24% -9% 6% 28%
ROE Average 5% 23% 31% 31%
ROCE Average 8% 25% 25% 25%

Apollo Pipes Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2024 Mar 2025
Shareholder's Funds 24 29 37 574 793
Minority's Interest 21 26 34 94 87
Borrowings 17 14 12 2 41
Other Non-Current Liabilities 1 2 2 -22 -19
Total Current Liabilities 43 35 37 340 288
Total Liabilities 107 106 121 988 1191
Fixed Assets 37 45 49 497 555
Other Non-Current Assets 11 12 2 105 145
Total Current Assets 58 49 70 384 489
Total Assets 107 106 121 988 1191

Apollo Pipes Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 3 2 208 55
Cash Flow from Operating Activities 7 22 16 125 29
Cash Flow from Investing Activities -40 -12 -9 -214 -151
Cash Flow from Financing Activities 36 -11 -8 -64 205
Net Cash Inflow / Outflow 3 -1 -1 -153 83
Closing Cash & Cash Equivalent 3 2 1 55 138

Apollo Pipes Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.88 3.34 5.27 10.84 7.41
CEPS(Rs) 9.08 9.36 13.55 18.47 17.85
DPS(Rs) 0 0 0 1 0.7
Book NAV/Share(Rs) 15.99 19.33 24.6 129.39 179.5
Core EBITDA Margin(%) 7.87 10.25 11.92 9.78 8.2
EBIT Margin(%) 15.47 8.63 10.29 7.15 4.88
Pre Tax Margin(%) 12.63 6.61 8.97 6.57 3.84
PAT Margin (%) 11.53 4.27 5.84 4.34 2.88
Cash Profit Margin (%) 13.63 6.02 7.59 7.36 6.65
ROA(%) 10.81 9.35 13.77 7.72 3.13
ROE(%) 48.06 37.54 47.5 15.68 5.24
ROCE(%) 22.41 30.45 45.87 20.17 7.54
Receivable days 72.05 38.56 43.42 21.04 26.96
Inventory Days 90.97 30.26 24.8 40.94 63.58
Payable days 46.58 20.95 29.19 47.58 75.28
PER(x) 10.63 10.32 22.79 58.7 51.09
Price/Book(x) 2.58 1.78 4.88 4.92 2.11
Dividend Yield(%) 0 0 0 0.16 0.18
EV/Net Sales(x) 1.16 0.4 0.83 2.55 1.37
EV/Core EBITDA(x) 12.38 3.47 6.17 25.04 15.89
Net Sales Growth(%) 0 132.62 15.04 311.76 19.73
EBIT Growth(%) 0 30.11 37.08 156.03 -18.39
PAT Growth(%) 0 -13.72 57.39 173.76 -20.4
EPS Growth(%) 0 -13.84 57.85 105.48 -31.6
Debt/Equity(x) 1.88 1.18 0.55 0.14 0.12
Current Ratio(x) 1.35 1.39 1.9 1.13 1.7
Quick Ratio(x) 0.77 1 1.28 0.54 0.96
Interest Cover(x) 5.44 4.26 7.75 12.24 4.73
Total Debt/Mcap(x) 0.73 0.66 0.11 0.03 0.06

Apollo Pipes Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 50.8 50.8 50.77 45.9 45.9 46.49 46.84 46.84 46.84 46.84
FII 2.68 3.23 4.24 4.14 4.47 4.03 3.47 4.28 3.71 3.58
DII 14.87 14.7 14.68 17.19 16.59 15.26 14.08 15.26 14.59 12.43
Public 31.65 31.27 30.31 32.78 33.04 34.21 35.61 33.63 34.87 37.16
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Apollo Pipes News

Apollo Pipes Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 23%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 46.84%.
  • Debtor days have increased from 47.58 to 75.28days.
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