Apollo Pipes Ltd. (APOLLOPIPE) AI Stock Analysis

• Market Cap: ₹19.51B
• Dividend Yield: 0.23%
• Average Volume (3M): 9.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.25
• Revenue Growth: 9.39%
• EPS Growth: -26.87%
• Country: IN
• Employees: 641
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): -0.74
• Shares Outstanding: 44,048,206
• 10 Day Avg. Volume: 7,371
• 30 Day Avg. Volume: 9,945
• PEG Ratio: -1.64
• Price to Book (P/B): 2.16
• Price to Sales (P/S): 1.45
• P/FCF Ratio: -15.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 8.47
• Revenue Forecast (FY): ₹13.14B

• Rating: 72 Outperform
• Price Target: ₹472.00 ▲(63.07% Upside)
• Action: Upgraded Date: 03/12/26
• Date: Action: Upgraded 03/12/26

The score is driven primarily by solid financial footing and strong revenue growth, but is held back by declining profitability and meaningful cash-flow weakness (negative free cash flow). Technicals show strong momentum with the stock well above key moving averages, though overbought RSI increases short-term risk. Valuation is constrained by a negative P/E and a minimal dividend yield.

Positive Factors

Revenue Growth

Sustained double-digit top-line growth (+20.31% YoY) suggests expanding end-market penetration across plumbing, infrastructure and agriculture. Over a 2–6 month horizon this scale growth supports better fixed-cost absorption, stronger distributor relationships and funding capacity for incremental capacity or product expansion.

Negative Factors

Negative Free Cash Flow

Material negative free cash flow signals that reported profits are not fully converting to cash; this can limit self‑funded expansion, raise reliance on external financing, and constrain dividends or buybacks. Over months this impairs balance sheet flexibility and increases funding cost risk.

Apollo Pipes Ltd. Business Overview & Revenue Model

Company Description

Apollo Pipes Limited engages in the manufacturing and trading of polyvinyl chloride (PVC) pipes and fittings under the APL Apollo brand name in India and internationally. The company offers cPVC, uPVC, HDPE, and UPVC pipes and fittings; sprinkler ...

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Apollo Pipes Limited engages in the manufacturing and trading of polyvinyl chloride (PVC) pipes and fittings under the APL Apollo brand name in India and internationally. The company offers cPVC, uPVC, HDPE, and UPVC pipes and fittings; sprinkler ...

How the Company Makes Money

Apollo Pipes makes money primarily by manufacturing and selling plastic pipes and fittings. Revenue is generated from (1) sale of piping products across applications such as plumbing, water supply, drainage/sewerage, and agriculture/irrigation, ty...

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Apollo Pipes makes money primarily by manufacturing and selling plastic pipes and fittings. Revenue is generated from (1) sale of piping products across applications such as plumbing, water supply, drainage/sewerage, and agriculture/irrigation, ty...

Apollo Pipes Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	10.73B	11.82B	9.82B	9.15B	7.81B	5.16B
Gross Profit	2.42B	3.54B	1.25B	2.22B	1.92B	1.43B
EBITDA	802.97M	956.70M	997.54M	705.60M	972.75M	828.40M
Net Income	162.69M	326.48M	428.23M	239.10M	497.60M	444.74M
Balance Sheet
Total Assets	12.25B	12.29B	10.11B	6.62B	5.44B	4.94B
Cash, Cash Equivalents and Short-Term Investments	780.00M	1.32B	545.69M	340.20M	419.77M	723.81M
Total Debt	1.06B	918.27M	820.25M	437.20M	387.18M	629.32M
Total Liabilities	3.22B	4.37B	4.37B	2.05B	1.39B	1.43B
Stockholders Equity	8.21B	7.93B	5.74B	4.57B	4.05B	3.51B
Cash Flow
Free Cash Flow	-912.67M	-1.11B	261.33M	-40.30M	-59.98M	-531.59M
Operating Cash Flow	337.33M	286.65M	1.25B	687.30M	363.27M	314.35M
Investing Cash Flow	-1.29B	-1.51B	-2.14B	-679.60M	-367.48M	-555.60M
Financing Cash Flow	198.91M	2.05B	-636.88M	-78.00M	-299.98M	-209.60M

Apollo Pipes Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 289.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APOLLOPIPE, the sentiment is Positive. The current price of 289.45 is below the 20-day moving average (MA) of 412.11, below the 50-day MA of 351.65, and below the 200-day MA of 354.28, indicating a bullish trend. The MACD of 22.94 indicates Positive momentum. The RSI at 67.39 is Neutral, neither overbought nor oversold. The STOCH value of 82.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:APOLLOPIPE.

Apollo Pipes Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APOLLOPIPE	72 Outperform	₹19.51B	-99.18	―	0.23%	9.39%	-26.87%
GANDHITUBE	67 Neutral	₹10.19B	11.81	―	1.95%	5.35%	14.24%
HARIOMPIPE	66 Neutral	₹8.65B	25.01	―	0.17%	17.98%	-0.62%
HLEGLAS	64 Neutral	₹20.80B	267.77	―	0.24%	18.87%	99.04%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VENUSPIPES	61 Neutral	₹23.31B	23.46	―	0.08%	17.45%	-7.82%
RAMASTEEL	49 Neutral	₹8.11B	176.56	―	―	14.51%	-30.02%

Apollo Pipes Ltd. Corporate Events