Apollo Pipes Ltd. (APOLLOPIPE) AI Stock Analysis

• Market Cap: ₹14.98B
• Dividend Yield: 0.21%
• Average Volume (3M): 8.62K
• Price to Earnings (P/E): 52.1
• Beta (1Y): 0.61
• Revenue Growth: 10.92%
• EPS Growth: -36.77%
• Country: IN
• Employees: 641
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 1.80
• Shares Outstanding: 44,048,206
• 10 Day Avg. Volume: 13,733
• 30 Day Avg. Volume: 8,624
• PEG Ratio: -1.81
• 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: ₹354.00
• Price Target Upside: 4.09% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: ₹354.00 ▲(4.09% Upside)

Apollo Pipes Ltd. has strong financial performance with robust revenue growth and operational efficiency. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. Cash flow challenges and low dividend yield further weigh on the stock's attractiveness.

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 and drainage systems; bath fittings, including faucets, cisterns, showers, seat covers, and other accessories; and solvent cement. Its products are used in urban infrastructure and construction, water management, and agriculture applications. The company was formerly known as Amulya Leasing and Finance Limited and changed its name to Apollo Pipes Limited in December 2017. Apollo Pipes Limited was incorporated in 1985 and is headquartered in New Delhi, India.

How the Company Makes Money

Apollo Pipes Ltd. generates revenue primarily through the manufacturing and sale of its diverse range of piping products, which include PVC, HDPE, and CPVC pipes, as well as related fittings. These products are sold to a wide array of customers across different sectors such as agriculture, construction, and infrastructure. The company's revenue streams are bolstered by its extensive distribution network, which ensures that its products reach various markets efficiently. Additionally, Apollo Pipes Ltd. benefits from strategic partnerships and collaborations that enhance its market presence and product offerings. Factors such as ongoing infrastructure development and increased demand for reliable water management solutions contribute significantly to the company's earnings.

Apollo Pipes Ltd. Financial Statement Overview

Summary

Apollo Pipes Ltd. demonstrates strong revenue growth and operational efficiency, supported by a solid balance sheet with low leverage. However, declining net income and cash flow challenges may impact future growth potential and return on equity. The company should focus on improving cash flow generation to support sustainable growth and enhance shareholder returns.

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 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.82B	11.82B	9.15B	9.82B	7.81B	5.16B
Gross Profit	2.87B	3.54B	2.22B	2.62B	1.92B	1.43B
EBITDA	964.60M	956.70M	705.60M	997.54M	972.75M	828.40M
Net Income	326.48M	326.48M	239.10M	428.23M	497.60M	444.74M
Balance Sheet
Total Assets	12.29B	12.29B	6.62B	10.11B	5.44B	4.94B
Cash, Cash Equivalents and Short-Term Investments	1.32B	1.32B	340.20M	545.69M	419.77M	723.81M
Total Debt	918.27M	918.27M	437.20M	820.25M	387.18M	629.32M
Total Liabilities	4.37B	4.37B	2.05B	4.37B	1.39B	1.43B
Stockholders Equity	7.93B	7.93B	4.57B	5.74B	4.05B	3.51B
Cash Flow
Free Cash Flow	0.00	-1.11B	-40.30M	261.33M	-59.98M	-531.59M
Operating Cash Flow	0.00	286.65M	687.30M	1.25B	363.27M	314.35M
Investing Cash Flow	0.00	-1.51B	-679.60M	-2.14B	-367.48M	-555.60M
Financing Cash Flow	0.00	2.05B	-78.00M	-636.88M	-299.98M	-315.83M

Apollo Pipes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 340.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 340.1 is below the 20-day moving average (MA) of 393.86, below the 50-day MA of 399.59, and below the 200-day MA of 409.01, indicating a bearish trend. The MACD of -8.69 indicates Positive momentum. The RSI at 24.60 is Positive, neither overbought nor oversold. The STOCH value of 6.21 is Positive, 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
HARIOMPIPE	76 Outperform	15.52B	22.88	10.78%	0.12%	17.40%	6.49%
GANDHITUBE	74 Outperform	11.22B	17.01	22.08%	1.63%	8.66%	21.86%
VENUSPIPES	70 Outperform	27.53B	30.43	17.48%	0.07%	15.31%	-6.80%
HLEGLAS	61 Neutral	32.29B	57.37	10.17%	0.23%	8.70%	137.97%
APOLLOPIPE	58 Neutral	₹14.98B	52.11	―	0.21%	10.92%	-36.77%
RAMASTEEL	54 Neutral	15.69B	72.08	6.25%	―	15.67%	-26.43%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%