Gujarat Apollo Industries Limited (GUJAPOLLO) AI Stock Analysis

• Market Cap: ₹4.64B
• Dividend Yield: 0.48%
• Average Volume (3M): 1.81K
• Price to Earnings (P/E): 204.1
• Beta (1Y): 0.95
• Revenue Growth: 4.69%
• EPS Growth: -124.17%
• Country: IN
• Employees: 93
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.51
• Shares Outstanding: 11,800,000
• 10 Day Avg. Volume: 1,059
• 30 Day Avg. Volume: 1,812
• PEG Ratio: -1.93
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 8.57
• P/FCF Ratio: -22.56
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ₹359.00 ▼(-12.50% Downside)
• Action: Reiterated Date: 12/09/25
• Date: Action: Reiterated 12/09/25

The overall stock score for Gujarat Apollo Industries Limited is primarily impacted by weak financial performance and bearish technical indicators. The company's declining profitability, rising debt levels, and negative cash flow trends are significant concerns. Additionally, the stock's technical analysis indicates a strong downtrend, with oversold conditions. The valuation metrics further highlight the lack of attractiveness, given the negative P/E ratio and low dividend yield.

Positive Factors

After‑sales recurring revenue

A durable installed-base business (spare parts, service and maintenance) creates recurring revenue streams that smooth sales cyclicality, improve lifetime customer value, and support margin recovery over months. This structural revenue mix strengthens predictability and monetization of equipment fleets.

Strong equity base

A high equity ratio reduces insolvency risk and provides financial flexibility to fund working capital or selective capex without heavy reliance on markets. This balance-sheet strength supports medium-term resilience through construction cycles and enables strategic investments.

Recent top-line growth

Strong recent revenue expansion increases scale, enlarges the installed base for aftermarket sales, and can help recover fixed-cost absorption. If sustained, this growth creates opportunities for margin improvement and stronger bargaining power with suppliers over the coming months.

Negative Factors

Negative and declining margins

Persistently negative gross and falling net margins indicate structural cost or pricing issues that erode profitability. Without durable margin recovery through pricing power, cost control, or product mix improvement, returns on capital and reinvestment capacity will remain constrained.

Rising leverage

An increasing debt burden raises interest costs and reduces financial flexibility, making the firm more vulnerable to cyclical downturns in construction. Higher leverage can limit ability to invest in after-sales capabilities or new product development over the medium term.

Negative and volatile cash flow

Volatile operating cash flow and recent negative free cash flow constrain debt repayment, capex, and working capital. Reliance on external financing to bridge cash shortfalls increases refinancing risk and hampers ability to consistently fund growth or strengthen the service ecosystem.

Gujarat Apollo Industries Limited Business Overview & Revenue Model

Company Description

Gujarat Apollo Industries Limited, together with its subsidiaries, manufactures and sells crushing and screening equipment for quarry, mining, construction, and recycling industries in India. The company offers jaw and cone crushers; primary and secondary impact crushers; vertical shaft impact crushers; vibrating screens; mobile crushing plants; crushing and screening plants; bucket crushers; and coal sampling units, as well as spare management services. It also exports its products. The company was formerly known as Gujarat Apollo Equipments Limited and changed its name to Gujarat Apollo Industries Limited in November 2006. Gujarat Apollo Industries Limited was incorporated in 1986 and is based in Ahmedabad, India.

How the Company Makes Money

Gujarat Apollo Industries Limited generates revenue through multiple streams, primarily by manufacturing and selling construction and mining equipment. Key revenue streams include the sale of asphalt plants, crushing and screening equipment, and concrete machinery. The company also earns income through service agreements, spare parts sales, and maintenance contracts, which provide ongoing support to its customers. Additionally, GUJAPOLLO benefits from strategic partnerships with other industry players and government contracts related to infrastructure projects, further enhancing its revenue potential. The combination of high-quality products, strong customer relationships, and diversified revenue sources contributes to the company's financial success.

Gujarat Apollo Industries Limited Financial Statement Overview

Summary

Gujarat Apollo Industries Limited faces challenges across its financial statements. Income statement metrics highlight declining profitability and inconsistent revenue growth. The balance sheet is strong in equity but shows rising debt levels. Cash flow analysis indicates volatility and negative free cash flow trends, which could impact future financial flexibility. While the company has a solid equity foundation, it needs to address profitability and cash flow management to improve its financial health.

Income Statement

The company has experienced inconsistent revenue growth, with a significant decline in recent years. Gross profit margins have been negative, indicating cost management issues. Net profit margins have also declined, showing reduced profitability. EBITDA margins were relatively stable but EBIT margins have been negative, impacting overall financial performance.

Balance Sheet

The balance sheet shows a strong equity base with a high equity ratio, indicating financial stability. However, the debt-to-equity ratio has increased, which could pose a risk if not managed properly. ROE has been declining, reflecting challenges in generating returns on equity.

Cash Flow

Cash flow statements reveal volatility in operating cash flow and negative free cash flow in recent periods. The operating cash flow to net income ratio is inconsistent, suggesting potential cash conversion issues. Free cash flow growth has been negative, indicating difficulties in generating cash surplus.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	471.55M	415.50M	776.45M	718.74M	556.84M	550.56M
Gross Profit	20.60M	-66.79M	385.57M	145.46M	177.00M	44.99M
EBITDA	113.58M	149.76M	203.85M	189.12M	211.93M	874.31M
Net Income	-28.42M	23.44M	113.26M	124.72M	81.80M	446.02M
Balance Sheet
Total Assets	5.61B	5.55B	5.19B	5.19B	5.70B	6.14B
Cash, Cash Equivalents and Short-Term Investments	8.35M	1.53M	25.45M	1.47M	3.96M	1.02B
Total Debt	454.56M	500.87M	216.71M	255.09M	178.83M	653.01M
Total Liabilities	697.04M	638.32M	364.60M	399.36M	463.06M	811.41M
Stockholders Equity	4.92B	4.91B	4.82B	4.79B	5.23B	5.33B
Cash Flow
Free Cash Flow	-67.33M	-157.82M	-8.86M	-759.41M	-180.63M	-2.17B
Operating Cash Flow	-45.80M	60.88M	73.96M	-695.49M	-144.61M	-632.73M
Investing Cash Flow	159.74M	-385.38M	33.87M	687.55M	924.24M	204.34M
Financing Cash Flow	-113.80M	322.56M	-105.83M	5.45M	-777.41M	428.40M

Gujarat Apollo Industries Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 410.30
• 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:GUJAPOLLO, the sentiment is Neutral. The current price of 410.3 is above the 20-day moving average (MA) of 382.67, above the 50-day MA of 394.50, and below the 200-day MA of 426.35, indicating a neutral trend. The MACD of -0.75 indicates Negative momentum. The RSI at 52.36 is Neutral, neither overbought nor oversold. The STOCH value of 76.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GUJAPOLLO.

Gujarat Apollo Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTLCONV	73 Outperform	₹4.64B	4.73	―	0.81%	34.91%	-19.40%
MAZDA	68 Neutral	₹3.64B	12.72	―	1.64%	―	―
LOKESHMACH	64 Neutral	₹3.98B	129.95	―	―	-37.98%	-119.55%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SOMICONVEY	60 Neutral	₹1.18B	15.28	―	―	-8.10%	-22.77%
TRF	52 Neutral	₹2.53B	14.28	―	―	-29.77%	-60.54%
GUJAPOLLO	47 Neutral	₹4.64B	204.12	―	0.48%	4.69%	-124.17%

Gujarat Apollo Industries Limited Corporate Events

Gujarat Apollo Industries to Close Trading Window Ahead of Q3 FY26 Results

Gujarat Apollo Industries Limited has announced the closure of its trading window for designated persons and their immediate relatives, effective from 1 January 2026 until 48 hours after the public declaration of its unaudited financial results for the quarter ended 31 December 2025. The move, undertaken in line with SEBI’s Prohibition of Insider Trading Regulations, 2015 and the company’s internal code of conduct, is intended to prevent insider trading and reinforce governance standards, signaling continued adherence to regulatory compliance and safeguarding the interests of shareholders and market participants.