Want to see IN:APOLLOPIPE full AI Analyst Report?
Top Page
Apollo Pipes Ltd.
(APOLLOPIPE)
Select Model
Select Model
Rating:58Neutral
Price Target:
₹526.00
▲(81.72% Upside)
Action:Reiterated
Date:08/26/26
The score is held back primarily by weakening financial performance—especially the sharp margin decline and sustained negative free cash flow—despite a low-leverage balance sheet. Technicals are a key offset, with a strong uptrend and positive momentum, though overbought readings add near-term risk. Valuation is difficult to assess due to a negative P/E and a low dividend yield.
Positive Factors
Long-term revenue scale-up
The more than doubling of revenue over the multi-year period indicates that Apollo Pipes has expanded its commercial scale across its product categories and customer channels. A larger revenue base can support broader distribution, operating investment, and stronger market presence over the coming quarters.
Negative Factors
Sharp margin compression
The steep decline in gross, EBITDA and net margins shows that recent revenue has translated into substantially less profit. If this deterioration persists, it can weaken internal funding capacity, reduce returns on the expanded business base, and make earnings less durable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term revenue scale-up
The more than doubling of revenue over the multi-year period indicates that Apollo Pipes has expanded its commercial scale across its product categories and customer channels. A larger revenue base can support broader distribution, operating investment, and stronger market presence over the coming quarters.
Read all positive factors
Apollo Pipes Ltd. (APOLLOPIPE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.26B
Dividend Yield0.14%
Average Volume (3M)9.88K
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth-1.99%
EPS Growth-132.14%
CountryIN
Employees808
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Miscellaneous
Share Statistics
EPS (TTM)-2.09
Shares Outstanding44,048,206
10 Day Avg. Volume5,714
30 Day Avg. Volume9,882
Financial Highlights & Ratios
PEG Ratio-4.56
Price to Book (P/B)3.58
Price to Sales (P/S)2.65
P/FCF Ratio-23.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.05
Revenue Forecast (FY)₹13.78B
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...
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, agricult...
Apollo Pipes Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
73
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.25B | 11.05B | 11.82B | 9.82B | 9.15B | 7.81B |
| Gross Profit | 1.56B | 1.71B | 3.54B | 1.25B | 2.22B | 1.92B |
| EBITDA | 584.93M | 769.08M | 956.70M | 997.54M | 705.60M | 972.74M |
| Net Income | -92.19M | 74.86M | 326.48M | 428.23M | 239.10M | 497.60M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 12.86B | 12.29B | 10.11B | 6.62B | 5.44B |
| Cash, Cash Equivalents and Short-Term Investments | 823.42M | 838.79M | 1.32B | 545.69M | 340.20M | 419.77M |
| Total Debt | 0.00 | 1.24B | 918.27M | 820.25M | 437.20M | 387.18M |
| Total Liabilities | -8.93B | 3.93B | 4.37B | 4.37B | 2.05B | 1.39B |
| Stockholders Equity | 8.93B | 8.19B | 7.93B | 5.74B | 4.57B | 4.05B |
Cash Flow | ||||||
| Free Cash Flow | -1.21B | -1.25B | -1.11B | 261.33M | -40.30M | -59.98M |
| Operating Cash Flow | 300.99M | 263.66M | 286.65M | 1.25B | 687.30M | 363.27M |
| Investing Cash Flow | -1.34B | -1.36B | -1.51B | -2.14B | -679.60M | -367.48M |
| Financing Cash Flow | 504.31M | 555.39M | 2.05B | -636.88M | -78.00M | -299.98M |
Apollo Pipes Ltd. Technical Analysis
Negative
289.45
Price Trends
551.26
Negative
522.90
Negative
443.41
Positive
Market Momentum
-12.39
Positive
38.84
Neutral
40.29
Neutral
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 289.45 is below the 20-day moving average (MA) of 528.29, below the 50-day MA of 551.26, and below the 200-day MA of 443.41, indicating a neutral trend. The MACD of -12.39 indicates Positive momentum. The RSI at 38.84 is Neutral, neither overbought nor oversold. The STOCH value of 40.29 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹449.64B | 42.60 | ― | 1.04% | 8.71% | 16.02% | |
66 Neutral | ₹95.49B | 15.04 | ― | 1.30% | -2.24% | 54.85% | |
64 Neutral | ₹28.35B | 27.00 | ― | 0.40% | 5.10% | 347.36% | |
61 Neutral | ₹5.94B | 11.80 | ― | 1.40% | 6.12% | -27.41% | |
58 Neutral | ₹23.26B | -242.54 | ― | 0.14% | -1.99% | -132.14% | |
57 Neutral | ₹384.17B | 65.73 | ― | 0.28% | 16.79% | 18.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:APOLLOPIPE
Apollo Pipes Ltd.
506.00
170.37
50.76%
IN:ASTRAL
Astral Limited
1,408.50
-13.60
-0.96%
IN:FINPIPE
Finolex Industries Limited
149.60
-39.92
-21.06%
IN:PPL
Prakash Pipes Limited
242.80
-53.62
-18.09%
IN:PRINCEPIPE
Prince Pipes And Fittings Ltd
249.10
-81.89
-24.74%
IN:SUPREMEIND
Supreme Industries Limited
3,478.00
-716.75
-17.09%
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 stronge...
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, Gu...
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 li...
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 an...
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.