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Apollo Pipes Ltd. (APOLLOPIPE) AI Stock Analysis

IN:APOLLOPIPE

Apollo Pipes Ltd.

(NSE:APOLLOPIPE)

Select Model
Rating:51Neutral
Price Target:INR 505.00â–²(0.58% Upside)
Action:reiterated
Date:08/26/26

The overall score is driven mainly by weak profitability and cash generation despite a conservative balance sheet, combined with a technically stretched share price and a mixed valuation profile reflecting fragile earnings and a high dividend yield.

Positive Factors
Long-term Revenue ScaleThe substantial multi-year increase in revenue indicates that Apollo Pipes has expanded its commercial scale and customer reach across its markets. Although the latest year weakened, the larger revenue base can support operating leverage, broader distribution, and continued participation in long-term water and building-material demand.
Negative Factors
Recent Revenue DeclineThe latest revenue contraction interrupts the company’s earlier scale-up and signals weaker near-term demand or execution across its markets. If sustained, slower sales can reduce utilization, limit operating leverage, and make it harder for Apollo Pipes to convert its larger asset base into improving earnings.

Apollo Pipes Ltd. (APOLLOPIPE) vs. iShares MSCI India ETF (INDA)

-25%0%25%50%75%100%125%IN:APOLLOPIPE+67.40%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 22.11B
Dividend Yield
0.14%
Average Volume (3M)
38.83K
Price to Earnings (P/E)
-240.2
Beta (1Y)
0.31
Revenue Growth
-1.99%
EPS Growth
-132.14%
Country
India
Employees
808
Sector
General
Sector Strength
55
Industry
Manufacturing - Miscellaneous

Apollo Pipes Ltd. Business Overview & Revenue Model

Company Description

Apollo Pipes Limited, established in 1985 and based in New Delhi, India, operates both domestically and internationally, specializing in the production and distribution of polyvinyl chloride (PVC) pipes and fittings under its APL Apollo brand. The co...

How the Company Makes Money

Apollo Pipes primarily makes money by manufacturing and selling plastic pipes and fittings. Its revenue is generated through product sales across multiple application categories (e.g., plumbing/sanitation, water supply, drainage/sewerage, agriculture...

Apollo Pipes Ltd. Financial Statement Overview

Summary

Revenue growth remains positive, but margins have collapsed and operating cash flow is weak, partly offset by a solid low-leverage balance sheet.

Income Statement

45Neutral

Balance Sheet

75Positive

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue11.25B11.05B11.82B9.82B9.15B7.81B
Gross Profit1.56B1.71B3.54B1.25B2.22B1.92B
EBITDA584.93M769.08M956.70M997.54M705.60M972.74M
Net Income-92.19M74.86M326.48M428.23M239.10M497.60M
Balance Sheet
Total Assets012.86B12.29B10.11B6.62B5.44B
Cash, Cash Equivalents and Short-Term Investments823.42M838.79M1.32B545.69M340.20M419.77M
Total Debt01.24B918.27M820.25M437.20M387.18M
Total Liabilities-8.93B3.93B4.37B4.37B2.05B1.39B
Stockholders Equity8.93B8.19B7.93B5.74B4.57B4.05B
Cash Flow
Free Cash Flow-1.21B-1.25B-1.11B261.33M-40.30M-59.98M
Operating Cash Flow300.99M263.66M286.65M1.25B687.30M363.27M
Investing Cash Flow-1.34B-1.36B-1.51B-2.14B-679.60M-367.48M
Financing Cash Flow504.31M555.39M2.05B-636.88M-78.00M-299.98M

Apollo Pipes Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price502.10

Price Trends

50DMA549.07Negative
100DMA524.12Negative
200DMA459.54Positive

Market Momentum

MACD-10.38Negative
RSI46.18Neutral
STOCH45.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APOLLOPIPE, the sentiment is Negative. The current price of 502.10 is below the 20-day moving average (MA) of 513.50, below the 50-day MA of 549.07, and above the 200-day MA of 459.54, indicating a neutral trend. The MACD of -10.38 indicates Negative momentum. The RSI at 46.18 is Neutral, neither overbought nor oversold. The STOCH value of 45.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:APOLLOPIPE.

Apollo Pipes Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:APOLLOPIPE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:SUPREMEINDIN:SUPREMEIND68NeutralINR 400.26B35.41―1.17%16.64%33.27%
IN:PRINCEPIPEIN:PRINCEPIPE61NeutralINR 28.34B27.75―0.39%5.10%347.36%
IN:ASTRALIN:ASTRAL57NeutralINR 359.32B62.62―0.30%16.79%18.82%
IN:PPLIN:PPL56NeutralINR 5.09B10.21―1.59%6.12%-27.41%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:FINPIPEIN:FINPIPE52NeutralINR 85.13B13.77―1.46%2.80%26.35%
IN:APOLLOPIPEIN:APOLLOPIPE51NeutralINR 22.12B-240.17―0.14%-1.99%-132.14%

* General Sector Average

Performance Comparison

0%50%100%IN:APOLLOPIPEIN:ASTRALIN:FINPIPEIN:PPLIN:PRINCEPIPEIN:SUPREMEINDDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:APOLLOPIPE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:APOLLOPIPEApollo Pipes Ltd.502.10196.6264.37%
IN:ASTRALAstral Limited1337.50-139.76-9.46%
IN:FINPIPEFinolex Industries Limited137.20-47.56-25.74%
IN:PPLPrakash Pipes Limited212.90-75.77-26.25%
IN:PRINCEPIPEPrince Pipes And Fittings Ltd256.35-65.97-20.47%
IN:SUPREMEINDSupreme Industries Limited3151.00-737.98-18.98%

Apollo Pipes Ltd. Corporate Events

Apollo Pipes Subsidiary Buys Control of Mazzini Tiles to Deepen Building Materials Play

Sep 18, 2026

Apollo Pipes Ltd., through its subsidiary Apollo Ceramics Limited, has moved to deepen its footprint in the building materials sector, particularly in tiles and ceramics. The company is broadening its product mix beyond pipes as it seeks a stronger p...

Apollo Pipes Subsidiary Buys Controlling Stake in Mazzini Tiles to Enter Ceramic Segment

Sep 18, 2026

Apollo Ceramics Limited, a subsidiary of Apollo Pipes Ltd., has acquired a 76% stake and profit-sharing rights in Mazzini Tiles LLP for Rs. 40.42 crore in a cash transaction. The deal gives Apollo Pipes controlling interest in Mazzini, a Morbi, Gujar...

Apollo Pipes publishes corrigendum to postal ballot notice in major dailies

Sep 18, 2026

Apollo Pipes Ltd. notified stock exchanges that it has published a corrigendum to its 31 August 2026 postal ballot notice in leading Hindi and English newspapers, including Jansatta and Financial Express. The disclosure, made under SEBI’s listi...

Apollo Pipes Seeks Shareholder Nod for Capital Expansion and Preferential Warrants

Aug 31, 2026

Apollo Pipes Limited has initiated a postal ballot process via remote e-voting to seek shareholder approval for key capital-related resolutions, in line with the Companies Act and SEBI listing regulations. The company will distribute the notice and e...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 26, 2026