Apollo Pipes Limited
NSE: APOLLOPIPE · Plastic Products - Industrial · sector
₹473.45NSE close 2026-10-26
Key numbers
Market cap₹1,520 cr
Price₹473.45
52w high / low₹669 / ₹252
P/E–Sector median 15.7x
P/B1.9xSector median 1.6x
Book value₹255.1
Dividend yield0.21%Sector median 0.53%
ROE-1.5%Sector median 9.1%
ROCE-0.1%Sector median 11.5%
OPM4.3%Sector median 10.0%
Debt / equity0.15xSector median 0.16x
EV/EBITDA31.9xSector median 10.0x
Interest cover-0.1x
Current ratio1.37x
Sales growth 3y+6.5%Sector median +6.0%
Profit growth 3y-42.0%Sector median +18.9%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 51 companies in Plastic Products - Industrial (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹84 cr vs borrowings ₹123 cr (FY26): borrowings are higher by ₹40 cr.
- Borrowings rose in each of the last 3 years (₹44 cr → ₹123 cr).
- Operating profit covered interest -0.1x in the last 12 months.
- 11.44% of the promoters' shares are pledged (6.4% of all shares).
- Promoter holding rose by 6.21 percentage points in a year, to 53.05% (2026-10-17).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹473.45 on 2026-10-26: -29.2% from the 52-week high, +87.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹653.10 · low ₹258.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 250 | 308 | 315 | 275 | 236 | 247 | 347 | 295 |
| EBITDA | 19 | 23 | 24 | 21 | 16 | 12 | 18 | 3 |
| OPM % | 7.7% | 7.6% | 7.6% | 7.5% | 6.7% | 4.9% | 5.2% | 1.0% |
| Other income | 1 | 0 | 3 | 3 | 5 | 1 | 1 | 2 |
| Net profit | 4 | 6 | 10 | 8 | -0 | -3 | -0 | -9 |
| EPS (₹) | 0.95 | 1.45 | 2.24 | 1.85 | 0.31 | -1.08 | -0.03 | -2.52 |
| Revenue YoY | -5.9% | -19.7% | +10.2% | +7.4% | ||||
| Profit YoY | -105.5% | -152.5% | -101.3% | -205.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 784 | 915 | 987 | 1,182 | 1,105 | 1,125 |
| EBITDA | 93 | 68 | 96 | 96 | 66 | 49 |
| Net profit | 50 | 24 | 43 | 33 | 5 | -12 |
| EPS (₹) | 12.65 | 6.08 | 10.84 | 7.74 | 1.06 | -3.32 |
| Revenue growth | +16.6% | +7.9% | +19.7% | -6.5% | -2.0% | |
| Profit growth | -51.9% | +79.1% | -23.8% | -85.7% | -143.1% | |
| Dividend / share (₹) | – | 1.00 | 0.60 | 1.00 | 0.70 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.5% | +16.4% | -2.0% |
| Net profit | -42.0% | -36.3% | -143.1% |
| EPS | -44.1% | -50.0% | – |
| Share price | – | -3.7% (2y) | +48.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 457 | 574 | 793 | 819 |
| Borrowings | – | 44 | 63 | 92 | 123 |
| Cash & equivalents | – | 35 | 56 | 138 | 84 |
| Total assets | – | 662 | 1,011 | 1,229 | 1,286 |
| Fixed assets | – | 251 | 457 | 515 | 530 |
| Capital work in progress | – | 6 | 8 | 37 | 90 |
| Investments | – | 40 | 52 | 65 | 68 |
| Receivables | – | 66 | 80 | 95 | 104 |
| Inventory | – | 171 | 199 | 213 | 242 |
| Payables | – | 118 | 167 | 174 | 191 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 36 | 69 | 125 | 29 | 35 |
| Cash from investing | -37 | -68 | -214 | -151 | -134 |
| Cash from financing | -30 | -8 | -64 | 205 | 45 |
| Capex | 42 | 71 | 99 | 139 | 152 |
| Free cash flow | -5 | -3 | 26 | -111 | -116 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.2% | 7.5% | 4.1% | 0.6% |
| ROCE % | – | 8.3% | 11.0% | 6.4% | 2.1% |
| Debtor days | – | 26 | 29 | 29 | 34 |
| Inventory days | – | 90 | 102 | 94 | 114 |
| Payable days | – | 62 | 85 | 77 | 90 |
| Cash conversion cycle (days) | – | 54 | 46 | 46 | 58 |
| Working capital days | – | 53 | 16 | 62 | 42 |
Shareholding
| Holder | % (2026-10-17) |
|---|---|
| Promoters | 53.05% |
| FIIs | 3.16% |
| DIIs | 7.71% |
| of which Mutual funds | 4.39% |
| Public (non-institutions) | 35.83% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 46.84% | 46.84% | 46.84% | 46.84% | 51.72% | 51.72% | 55.46% | 53.05% |
| Promoter group | % |
|---|---|
| Meenakshi Gupta | 22.38% |
| Sameer Gupta | 21.33% |
| S Gupta Holding Private Limited | 5.65% |
| Dhruv Gupta | 3.04% |
| Aditya Gupta | 0.65% |
| Sanjay Gupta | 0.00% |
| Public holders above 1% | % |
|---|---|
| Franklin India Small CAP Fund | 4.39% |
| Kitara PIN 2401 | 4.34% |
| Mukul Mahavir Agrawal | 3.26% |
| ACE Infracity Developers Private Limited | 2.13% |
| Ohana India Growth Fund | 2.12% |
| Amicorp Capital (Mauritius) Limited | 1.89% |
| Sahil Gupta | 1.09% |
35,589 shareholders. Pledged: 11.44% of promoter shares.
Peers in Plastic Products - Industrial
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUPREMEIND | ₹41,291 cr | 40.0x | 6.7x | 17.4% | 19.6% | 14.4% | +6.8% | 1.07% |
| ASTRAL | ₹36,288 cr | 63.0x | 8.9x | 15.0% | 20.0% | 16.0% | +8.4% | 0.28% |
| GRWRHITECH | ₹16,208 cr | 38.0x | 5.6x | 15.7% | 19.8% | 22.9% | +13.8% | 0.17% |
| KINGFA | ₹8,901 cr | 39.4x | 6.4x | 21.2% | 21.9% | 14.2% | +12.4% | 0.00% |
| FINPIPE | ₹8,775 cr | 14.2x | 1.4x | 10.0% | 12.1% | 17.5% | -2.2% | 2.53% |
| TIMETECHNO | ₹7,839 cr | 15.4x | 1.9x | 14.0% | 15.7% | 14.3% | +12.5% | 0.75% |
| PRINCEPIPE | ₹2,805 cr | 27.5x | 1.7x | 6.3% | 8.1% | 10.2% | -1.4% | 0.20% |
| JISLJALEQS | ₹1,701 cr | 56.5x | 0.3x | -0.9% | 4.5% | 11.2% | +3.6% | – |
| JAICORPLTD | ₹1,545 cr | 16.5x | 1.0x | 6.4% | 8.2% | 12.7% | -4.7% | 6.25% |
| APOLLOPIPE | ₹1,520 cr | – | 1.9x | -1.5% | -0.1% | 4.3% | +6.5% | 0.21% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-17 | Dividend | Dividend - Re 0.70 Per Share |
| 2025-09-04 | Dividend | Dividend - Re 0.70 Per Share |
| 2024-09-17 | Dividend | Dividend - Re 1 Per Sh |
| 2023-09-15 | Dividend | Dividend - Re 0.60 Per Share |
| 2022-09-19 | Dividend | Dividend - Re 1 Per Sh |
| 2021-12-02 | Bonus | Bonus 2:1 |
| 2021-08-24 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturer of Plastic Products: Apollo Pipes manufactures a wide range of plastic products such as cPVC, uPVC, HDPE Pipes and Fittings
| Sector | Industrials |
| Industry | Plastic Products - Industrial |
| Sub-industry | Plastic Products - Industrial |
| Symbol | APOLLOPIPE |
| BSE code | 531761 |
| ISIN | INE126J01016 |
| Face value | ₹10.0 |
| Incorporated | 1985-12-09 |
| Website | https://www.apollopipes.com |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.