Apollo Pipes Ltd. (APOLLOPIPE) AI Stock Analysis

• Market Cap: ₹16.84B
• Dividend Yield: 0.26%
• Average Volume (3M): 12.22K
• Price to Earnings (P/E): 58.4
• Beta (1Y): 0.51
• Revenue Growth: 10.92%
• EPS Growth: -36.57%
• Country: IN
• Employees: 641
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Construction
• EPS (TTM): 1.80
• Shares Outstanding: 44,048,206
• 10 Day Avg. Volume: 6,023
• 30 Day Avg. Volume: 12,219
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹451.00
• Price Target Upside: 18.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹451.00 ▲(18.95% Upside)

The overall stock score is primarily influenced by the company's strong financial performance, despite cash flow concerns and high valuation. Technical analysis suggests caution due to bearish momentum, and the lack of earnings call insights limits visibility into management's outlook.

Apollo Pipes Ltd. Business Overview & Revenue Model

Company Description

Apollo Pipes Ltd. (APOLLOPIPE) is a leading manufacturer in the Indian piping industry, specializing in the production and distribution of high-quality PVC pipes and fittings. The company caters to diverse sectors including agriculture, construction, and infrastructure, providing a range of piping solutions to meet the needs of these industries. With a strong focus on innovation and quality, Apollo Pipes Ltd. has established itself as a trusted brand in the market, offering products that are durable, efficient, and environmentally friendly.

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. has strong revenue growth and operational efficiency, with a solid balance sheet. However, declining net income and cash flow issues pose challenges for future growth and 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	Mar 2025	Mar 2023	Mar 2024	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.82B	9.15B	9.82B	7.81B	5.16B
Gross Profit	3.54B	2.22B	2.62B	1.92B	1.43B
EBITDA	956.70M	705.60M	997.54M	972.75M	828.40M
Net Income	326.48M	239.10M	428.23M	497.60M	444.74M
Balance Sheet
Total Assets	12.29B	6.62B	10.11B	5.44B	4.94B
Cash, Cash Equivalents and Short-Term Investments	1.32B	345.20M	545.69M	419.77M	723.81M
Total Debt	918.27M	437.20M	820.25M	387.18M	629.32M
Total Liabilities	4.37B	2.05B	4.37B	1.39B	1.43B
Stockholders Equity	7.93B	4.57B	5.74B	4.05B	3.51B
Cash Flow
Free Cash Flow	-1.11B	-40.30M	261.33M	-59.98M	-531.59M
Operating Cash Flow	286.65M	687.30M	1.25B	363.27M	314.35M
Investing Cash Flow	-1.51B	-679.60M	-2.14B	-367.48M	-555.60M
Financing Cash Flow	2.05B	-78.00M	-636.88M	-299.98M	-315.83M

Apollo Pipes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 379.15
• 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 379.15 is below the 20-day moving average (MA) of 410.07, below the 50-day MA of 424.72, and below the 200-day MA of 425.76, indicating a bearish trend. The MACD of -9.96 indicates Positive momentum. The RSI at 25.61 is Positive, neither overbought nor oversold. The STOCH value of 16.45 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
GANDHITUBE	77 Outperform	₹9.31B	14.12		1.96%	8.66%	21.86%
HARIOMPIPE	76 Outperform	₹15.45B	22.69		0.14%	17.40%	6.94%
VENUSPIPES	69 Neutral	₹26.40B	29.15		0.07%	15.31%	-6.70%
HLEGLAS	67 Neutral	₹30.45B	45.03		0.25%	8.70%	185.90%
APOLLOPIPE	64 Neutral	₹16.84B	58.40		0.26%	10.92%	-36.57%
Sector *	59 Neutral	kr30.17B	0.02	-5.14%	3.50%	2.33%	-25.14%
RAMASTEEL	57 Neutral	₹16.81B	77.89		―	15.67%	-28.54%

Apollo Pipes Ltd. Corporate Events

Apollo Pipes Ltd. Allots 20 Million Convertible Warrants to Non-Promoter

Apollo Pipes Ltd. has announced the allotment of 20,00,000 fully convertible warrants to KITARA PIIN 2401, a non-promoter entity. This strategic move allows the allottee to convert these warrants into equity shares, potentially increasing the company’s paid-up equity share capital significantly, which may enhance its market positioning and stakeholder value.