Apollo Pipes Ltd. (APOLLOPIPE) AI Stock Analysis

• Market Cap: ₹13.23B
• Dividend Yield: 0.23%
• Average Volume (3M): 9.95K
• Price to Earnings (P/E): 51.0
• Beta (1Y): 0.57
• Revenue Growth: 9.39%
• EPS Growth: -26.87%
• Country: IN
• Employees: 641
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 0.40
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹308.00 ▲(2.56% Upside)

Apollo Pipes Ltd. faces challenges with bearish technical indicators and high valuation concerns. While the company demonstrates strong financial performance, cash flow issues and a high P/E ratio limit its attractiveness. Investors should be cautious due to the current downtrend and overvaluation risks.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and demand for Apollo Pipes' products, supporting long-term business expansion.

Operational Efficiency

High operational efficiency suggests effective cost management and the ability to maintain profitability, which is crucial for sustainable growth.

Financial Stability

A strong equity ratio demonstrates financial health and low leverage, providing Apollo Pipes with resilience against economic fluctuations.

Negative Factors

Declining Net Income

Decreased net income impacts return on equity, potentially affecting investor confidence and the company's ability to reinvest in growth.

Cash Flow Challenges

Negative free cash flow highlights liquidity issues, which can constrain Apollo Pipes' ability to fund operations and invest in future growth.

Rising Operational Costs

Increasing operational costs can erode profit margins, challenging Apollo Pipes' ability to maintain its competitive pricing and profitability.

Apollo Pipes Ltd. Business Overview & Revenue Model

Company Description

Apollo Pipes Ltd. (APOLLOPIPE) is a prominent player in the Indian plastic pipes and fittings industry, specializing in the manufacture and distribution of a wide range of products for various applications, including agriculture, plumbing, and infrastructure. Established to meet the growing demand for reliable and durable piping solutions, the company offers products such as PVC pipes, CPVC pipes, and fittings, catering to residential, commercial, and industrial sectors.

How the Company Makes Money

Apollo Pipes generates revenue primarily through the sale of its various plastic piping products, which are distributed through a robust network of dealers and distributors across India. The company's revenue model is based on direct sales to wholesalers and retailers, as well as institutional sales to large construction and infrastructure projects. Key revenue streams include the sale of PVC and CPVC pipes, which are in high demand due to their applications in irrigation and plumbing. Additionally, Apollo Pipes benefits from strategic partnerships with construction firms and government agencies involved in infrastructure development, which further enhances its market presence and sales volume.

Apollo Pipes Ltd. Financial Statement Overview

Summary

Apollo Pipes Ltd. shows strong revenue growth and operational efficiency, with a solid balance sheet and low leverage. However, declining net income and cash flow challenges could impact future growth and return on equity.

Income Statement

Apollo Pipes Ltd. has demonstrated strong revenue growth with a notable 20.31% increase from 2024 to 2025. Gross profit and net profit margins are healthy at 29.95% and 2.76%, respectively, though the net profit margin has declined due to reduced net income. EBIT and EBITDA margins of 22.10% and 8.09% reflect robust operational efficiency, though the decrease in EBITDA margin indicates rising operational costs.

Balance Sheet

The balance sheet shows a solid equity ratio of 64.48%, indicating financial stability. The debt-to-equity ratio is low at 0.12, suggesting prudent leverage management, but the return on equity has declined to 4.12% due to lower net income, which may be a concern for investors looking for high returns.

Cash Flow

Operating cash flow has decreased significantly, affecting liquidity, with a negative free cash flow of -1.11 billion. The free cash flow to net income ratio is unfavorable, highlighting challenges in generating cash. However, the operating cash flow to net income ratio of 0.88 indicates decent cash generation relative to net income, although lower than previous periods.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.48B	11.82B	9.82B	9.15B	7.81B	5.16B
Gross Profit	3.11B	3.54B	1.25B	2.22B	1.92B	1.43B
EBITDA	901.90M	956.70M	997.54M	705.60M	972.75M	828.40M
Net Income	282.96M	326.48M	428.23M	239.10M	497.60M	444.74M
Balance Sheet
Total Assets	12.59B	12.29B	10.11B	6.62B	5.44B	4.94B
Cash, Cash Equivalents and Short-Term Investments	1.22B	1.32B	545.69M	340.20M	419.77M	723.81M
Total Debt	710.00M	918.27M	820.25M	437.20M	387.18M	629.32M
Total Liabilities	-7.93B	4.37B	4.37B	2.05B	1.39B	1.43B
Stockholders Equity	7.93B	7.93B	5.74B	4.57B	4.05B	3.51B
Cash Flow
Free Cash Flow	0.00	-1.11B	261.33M	-40.30M	-59.98M	-531.59M
Operating Cash Flow	0.00	286.65M	1.25B	687.30M	363.27M	314.35M
Investing Cash Flow	0.00	-1.51B	-2.14B	-679.60M	-367.48M	-555.60M
Financing Cash Flow	0.00	2.05B	-636.88M	-78.00M	-299.98M	-209.60M

Apollo Pipes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 300.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 300.3 is below the 20-day moving average (MA) of 300.86, below the 50-day MA of 327.00, and below the 200-day MA of 380.83, indicating a bearish trend. The MACD of -7.28 indicates Negative momentum. The RSI at 39.24 is Neutral, neither overbought nor oversold. The STOCH value of 60.15 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VENUSPIPES	70 Outperform	₹25.99B	28.74	―	0.08%	17.45%	-7.82%
GANDHITUBE	67 Neutral	₹9.34B	14.07	―	1.96%	5.35%	14.24%
HARIOMPIPE	62 Neutral	₹13.84B	20.41	―	0.18%	17.98%	-0.62%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HLEGLAS	59 Neutral	₹30.99B	55.97	―	0.23%	18.87%	99.04%
RAMASTEEL	56 Neutral	₹15.80B	72.58	―	―	14.51%	-30.02%
APOLLOPIPE	55 Neutral	₹13.23B	51.04	―	0.23%	9.39%	-26.87%