MarketFriction

Apollo Pipes Ltd

NSE APOLLOPIPE · BSE 531761 · Plastic Products - Industrial
₹512.60 +0.94%
NSE close2026-10-01
52 week range252.10 - 668.80
Market cap₹2,258 Cr.
Price band 20% Delivery 40.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Mar 2017Jun 2017Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7183256308250308315275236247347295
Expenses6177230280231285291254220235329292
Operating Profit962529192324211612183
OPM %13%8%10%9%8%8%8%8%7%4.9%5%1.0%
Other Income110110335112
Interest111243223233
Depreciation118101112121214151515
Profit before tax851618691394-51-13
Tax %34%38%56%22%32%26%25%11%66%-6%110%-12%
Net Profit53714461081-5-0-11
EPS in Rs3.622.111.713.021.011.412.221.850.37-0.740.22-1.95
Mar 2015Mar 2016Mar 2017Mar 2024Mar 2025Mar 2026TTM
Sales1002332689871,1821,1051,125
Expenses922092368901,0851,0381,076
Operating Profit8243297976749
OPM %8%10%12%10%8%6%4.3%
Other Income900451010
Interest3546121111
Depreciation24530455760
Profit before tax131524654510-12
Tax %9%35%35%34%25%51%
Net Profit12101643345-15
EPS in Rs3.873.345.2710.847.411.70-2.10
Dividend Payout %0%0%0%9%9%41%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%%%-2%
Compounded Profit Growth%%%-133%
Stock Price CAGR20%-2%-10%54%
Return on Equity%%3%-1%
Mar 2015Mar 2016Mar 2017Mar 2024Mar 2025Mar 2026
Equity Capital555394444
Reserves192432535749775
Borrowings4534206993124
Other Liabilities384364357331332
Total Liabilities1071061211,0001,2171,275
Fixed Assets374549497555571
CWIP00083790
Investments000526568
Other Assets696071443560546
Total Assets1071061211,0001,2171,275
Mar 2015Mar 2016Mar 2017Mar 2024Mar 2025Mar 2026
Cash from Operating Activity722161252935
Cash from Investing Activity-40-12-9-214-151-134
Cash from Financing Activity36-11-8-6420545
Net Cash Flow3-1-1-15383-54
Free Cash Flow-3310828-101-85
CFO/OP106%111%69%148%42%64%
Mar 2015Mar 2016Mar 2017Mar 2024Mar 2025Mar 2026
Debtor Days724647292934
Inventory Days125314710294114
Days Payable462039857790
Cash Conversion Cycle1515754464658
Working Capital Days441843-32014
ROCE %22%31%7%1%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.80%50.80%50.77%45.90%45.90%46.49%46.84%46.84%46.84%46.84%51.72%51.72%
FIIs2.67%3.23%4.24%4.14%4.47%4.03%3.47%4.28%3.71%3.58%2.22%2.53%
DIIs14.87%14.70%14.68%17.19%16.59%15.26%14.08%15.26%14.59%12.43%10.77%7.20%
Public31.11%30.74%29.87%32.37%32.62%33.83%35.29%33.31%34.57%36.86%35.01%38.29%
Others0.53%0.53%0.43%0.41%0.41%0.39%0.32%0.31%0.31%0.31%0.29%0.26%
No. of Shareholders38,47241,44340,99940,78643,30944,49744,55245,22646,09546,76644,30539,071

Fundamentals

Market Cap₹ 2,258 Cr.
Current Price₹ 514
Book Value₹ 186
ROCE1.23 %
ROE-0.88 %
Dividend Yield0.14 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-133%
Consolidated figures.
Valuation
Market capRs 2,253 Cr
Enterprise valueRs 2,285 Cr
Price to book77.74x
Price to sales2.00x
EV / EBITDA39.06x
EV / sales2.03x
Price to cash flow103.97x
Earnings yield-0.41%
Profitability
Operating margin (excl. other income)10.35%
Operating margin (incl. other income)10.38%
EBITDA margin5.20%
Pre-tax margin-1.08%
Net profit margin-0.82%
Net margin, latest quarter-2.90%
ROE18.92%
ROCE30.45%
ROA4.72%
ROIC (approx.)-1.20%
Tax rate35.39%
Other income / net worth0.24%
Growth
Sales growth (latest year)133.00%
Profit growth (latest year)-13.77%
Sales growth QoQ-14.87%
Profit growth QoQ-965.66%
Sales growth YoY (latest quarter)7.43%
Profit growth YoY (latest quarter)-205.28%
Per share
EPS (TTM)Rs -2.10
EPS (latest year)Rs 10.02
EPS (latest quarter)Rs -1.95
Book value per shareRs 6.59
Sales per shareRs 256.04
Cash flow per shareRs 4.93
Free cash flow per shareRs -19.34
Efficiency
Asset turnover2.20x
Fixed asset turnover5.15x
Inventory turnover12.60x
Inventory days29 days
Debtor days46 days
Debtors turnover7.90x
Creditor days90 days
Cash conversion cycle58 days
Working capital days14 days
Leverage
Total debtRs 34 Cr
Cash and bankRs 2 Cr
Net debtRs 32 Cr
Debt to equity1.18x
Net debt / EBITDA0.55x
Interest coverage-0.10x
Current ratio (filing 2026-03-31)1.37x
Quick ratio (filing 2026-03-31)0.67x
Trade payables (filing 2026-03-31)Rs 191 Cr
Owners' fund to total sources27.35%
Debt to assets32.24%
Cash flow
Cash from Operating Activity (latest year)Rs 22 Cr
Cash from Investing Activity (latest year)Rs -12 Cr
Cash from Financing Activity (latest year)Rs -11 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -85 Cr
FCFE (approx.: FCF + change in debt)Rs -96 Cr
Cash from ops / profit, 5 years2.10x
Sales to cash flow10.76x
Statement figures
Net sales (TTM)Rs 1,125 Cr
Net sales (latest year)Rs 233 Cr
Sales (latest quarter)Rs 295 Cr
Operating profit excl. other income (latest year)Rs 24 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 58 Cr
PBDT (TTM)Rs 47 Cr
Profit before tax (TTM)Rs -12 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs -9 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs -9 Cr
Depreciation (TTM)Rs 60 Cr
Depreciation (latest quarter)Rs 15 Cr
Interest (TTM)Rs 11 Cr
Cost of goods sold (latest year)Rs 173 Cr
Total expenditure (latest year)Rs 209 Cr
Total income (latest year)Rs 233 Cr
Share capitalRs 5 Cr
ReservesRs 24 Cr
Shareholders' fundsRs 29 Cr
Total assetsRs 106 Cr
Net blockRs 45 Cr
InvestmentsRs 0 Cr
ReceivablesRs 30 Cr
InventoryRs 14 Cr
Other liabilitiesRs 43 Cr
Shares outstanding (crore)4.40
Ownership
Promoter holding51.72% (+4.88 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodAPOLLOPIPENifty 50Difference
1 week+0.4%-2.8% +3.2 pts
1 month-15.9%-6.8% -9.2 pts
3 months+6.9%-7.6% +14.5 pts
6 months+23.6%+0.4% +23.2 pts
1 year+39.1%-9.9% +49.0 pts
2 years-14.4%-13.6% -0.8 pts
3 years-27.4%+14.2% -41.6 pts
5 years-13.5%+27.9% -41.4 pts
1 mutual fund schemes hold about ₹127 Cr. Over three months 1 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Franklin India Small Cap Fund0.86%127 +16%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹295 Cr +7.3% vs Jun 2025. Net loss ₹11 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Re 0.70 Per Share
2025-09-04Dividend - Re 0.70 Per Share
2024-09-17Dividend - Re 1 Per Sh
2023-09-15Dividend - Re 0.60 Per Share
2022-09-19Dividend - Re 1 Per Sh
2021-12-02 Bonus 2:10.3333
2021-08-24 Annual General Meeting
2020-09-21 Annual General Meeting
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-18Press ReleaseA press release dated September 18, 2026, titled "Apollo Pipes enters ceramic tiles sector through Mazzini Tiles".
2026-09-18AcquisitionAcquisition of controlling interest in Mazzini Tiles LLP by a Subsidiary of the Company.
2026-09-17UpdatesIncorporation of a Wholly Owned Subsidiary.
2026-09-17CorrigendumCorrigendum to the Postal Ballot Notice dated August 31, 2026
2026-09-16Credit Rating- RevisionUpgrade in Credit Rating
2026-08-31Shareholder meetingNotice of Postal Ballot
2026-08-31Preferential issuePreferential issue
2026-08-31Board meeting outcomeOutcome of Board Meeting held on August 31, 2026.
2026-08-04Change in ManagementChange in Management
2026-08-04Shareholder meetingProceedings of Annual General Meeting held on August 04, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with...
2026-08-03Concall / analyst meetTranscript of investor call held on July 31, 2026.
2026-07-31Concall / analyst meetLink of Recording of the Investor call held on July 31, 2026.
2026-07-30Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026
2026-07-30Press ReleaseA press release dated July 30, 2026, titled "Press Release".
2026-07-30Investor PresentationInvestor Presentation
2026-07-30Board meeting outcomeApollo Pipes Limited has submitted to the Exchange, the unaudited financial results for the period ended June 30, 2026.
2026-07-28Concall / analyst meetSchedule of meet
2026-07-10Shareholder meetingNotice of Annual General Meeting to be held on Tuesday, August 04, 2026.
2026-07-07Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
2026-07-07UpdatesThe 40th Annual General Meeting Scheduled to be held on Tuesday, August 04, 2026.
2026-06-26Board meeting outcomeOutcome of Board Meeting held on Jun 26, 2026 approving the Scheme of Arrangement.
2026-06-26Amalgamation/MergerAmalgamation/Merger
2026-06-19Disclosure under SEBI TakeovSameer Gupta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqu...
2026-05-20ResignationResignation of Mr Parag Dadeech, Chief Operating Officer and Senior Management Personnel of the company w.e.f. May 20, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-08NCLTApollo Pipes Ltd. Vs Tonk Water Supply Ltd.
2021-03-25NCLTApollo Pipes Ltd. Vs Tonk Water Supply Ltd.
2020-03-19NCLTApollo Pipes Ltd. Vs Tonk Water Supply Ltd.
2019-04-24NCLATApollo Pipes Limited VS Shree Hari Infraprojects Pvt. Ltd.
2019-03-14NCLATApollo Pipes Limited VS Shree Hari Infraprojects Pvt. Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
High low price variation greater than 150perc in previous 12 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Apollo Pipes Ltd?

Apollo Pipes Ltd (APOLLOPIPE) has a market capitalisation of Rs 2,258 Cr. at the 2026-10-01 close.

What were Apollo Pipes Ltd's latest quarterly results?

In the Jun 2026 quarter, Apollo Pipes Ltd sales was Rs 295 Cr (+7.3% vs Jun 2025) with a net loss of Rs 11 Cr.

What is the 52-week high and low of Apollo Pipes Ltd?

The 52-week high is Rs 668.80 and the 52-week low is Rs 252.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03