1. India Stocks

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    Industrials

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    Construction
Apollo Pipes Limited

Apollo Pipes Limited

APOLLOPIPE.NS
Apollo Pipes LimitedIN flagNational Stock Exchange of India
471.60
INR
-7.80
- -
20.71BMarket Cap
Apollo Pipes Limited
APOLLOPIPE.NS
(National Stock Exchange of India)

Recent

price

471.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
12.95
0.44
0.45
0.48
59.75
138.99
72.54
85.55
104.46
103.36
131.26
198.54
231.62
249.66
280.13
- -
263.34
Revenue per Share
1.23
0.23
0.24
0.24
3.88
3.34
4.74
6.66
6.94
7.25
11.31
12.65
6.08
10.84
7.74
- -
6.49
Basic EPS, GAAP
-4.94
-0.06
0.01
0.01
-21.79
6.34
4.49
-4.9
-5.72
-11.93
-16.21
-1.53
-1.02
6.64
-26.21
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.33
- -
- -
1
0.6
0.98
- -
- -
Dividend per Share
5.49
5.72
5.96
6.16
10
10.23
9.37
15.97
22.54
26.91
38.22
57.56
62.64
73.4
72.95
- -
- -
Book Value per Share
5.49
5.72
5.96
6.2
30.05
36.58
21.3
27.61
60.29
72.44
83.96
97.69
110.92
137.99
180.55
- -
- -
Tangible Book Value per Share
15
15
15
15
15
15
33
33
34
39
39
39
39
39
42
- -
44
Basic Weighted Avg Shares
194
7
7
7
896
2,083
2,401
2,832
3,602
4,064
5,161
7,808
9,109
9,822
11,816
11,049
11,481
Sales/Revenue/Turnover
6.08
80.31
78.55
76.57
11.65
9.5
11.02
9.5
8.55
8.68
11.01
8.75
4.49
6.81
4.33
0.87
3.54
Operating Margin (%)
- -
- -
- -
- -
21
41
47
69
97
127
176
257
284
299
445
569
467
Depreciation Expense
18
3
4
4
58
50
157
221
239
285
445
498
239
426
326
75
283
Net Income, GAAP
27.11
34.46
33.12
34.66
8.72
35.43
34.78
29.42
29.47
24.37
26.7
25.94
26.94
33.94
24.96
51.45
22.83
Effective Tax Rate (%)
9.49
52.41
52.52
50.02
6.49
2.4
6.53
7.79
6.64
7.02
8.62
6.37
2.62
4.34
2.76
0.68
2.46
Profit Margin (%)
-5
-1
-1
-1
150
132
326
1,704
1,638
1,500
1,323
1,586
1,319
466
2,022
1,263
- -
Working Capital
- -
- -
- -
- -
175
138
115
1,511
703
296
183
92
1
18
413
287
- -
LT Debt
82
86
89
93
450
757
914
1,133
2,298
3,065
3,515
4,053
4,572
5,740
7,928
8,930
- -
Total Equity
11.8
4.09
4.07
3.99
19.18
12.73
15.27
8.13
6.26
7.22
10.16
11.52
6.22
7.8
5.17
0.5
- -
Return on Invested Capital (%)
25.26
4.07
4.07
4
10.36
3.92
12.77
12.79
11.69
17.16
23.3
22.13
10.94
13.86
10.24
4.79
28.94
Return on Capital (%)
25.29
4.07
4.07
4
47.97
33.04
67.7
52.59
36.64
31.08
34.73
26.42
10.12
15.94
10.95
4.26
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
545
- -
LT Borrowings
- -
413
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
44
- -
Market Capitalization
19,165
15,873
18,713

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
4,906
- -
Cash, Cash Equivalents & STI
- -
1,333
- -
Accounts Receivable, Net
- -
950
- -
Inventories
- -
2,130
- -
Total Current Liabilities
- -
2,884
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
545
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
30%
20.89%
12.65%
Free Cash Flow
-134.75%
-277.94%
5.26%
Net Income, GAAP
27.52%
-12.44%
-77.07%
Sales/Revenue/Turnover
18.98%
17.92%
-6.49%
Total Cash Common Dividend
- -
- -
-25.44%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,603
2,495
2,216
2,508
9,822
2025
3,085
2,504
3,079
3,148
11,816
2026
2,750
2,472
3,470
- -
11,049

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.54
3.28
2.31
- -
10.84
2025
3.36
0.95
1.45
2.24
7.74
2026
1.85
-0.74
0.23
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.6
2025
- -
- -
- -
- -
0.98
2026
- -
- -
- -
- -
- -
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Business
Apollo Pipes Limited manufactures and sells a wide range of plastic piping systems and water solutions primarily in India. Its core product portfolio includes PVC pipes and fittings for plumbing, agriculture irrigation, sewerage systems, and water supply; CPVC pipes and fittings; uPVC SWR piping systems; HDPE pipes and sprinkler systems; water storage tanks; bath fittings; and building material products like uPVC doors and window profiles. The company offers over 2,500 SKUs and focuses on innovation and quality to serve markets ranging from agriculture to industrial and residential sectors. Founded in 1987 and headquartered in New Delhi, Apollo Pipes has established a strong distribution network and retail presence across India. Recent major changes include the strategic acquisition of a majority stake in Kisan Mouldings, enhancing Apollo's portfolio with cost-effective PVC pipes and fittings and expanding geographical reach particularly in western and central India. The company also commissioned a new manufacturing plant in Varanasi with a 30,000 MT annual capacity and is pursuing brownfield expansions aiming to increase total production capacity to 286,000 tons within the next two to three years. Apollo is diversifying into high-value product lines such as PVC-O pipes and uPVC doors and windows, aiming for a balanced presence in agriculture and building materials segments while strengthening its pan-India market coverage and operational efficiency. These recent moves support Apollo Pipes Ltd’s objective to drive long-term revenue growth and profitability through product innovation, capacity enhancement, and market expansion, consolidating its position as a leading Indian manufacturer of plastic piping systems and allied water solutions. The company continues to integrate new technologies, improve supply chain efficiency, and invest in expanding its product range to meet evolving customer needs. Apollo Pipes’ comprehensive product suite, growing market footprint, and strategic acquisitions position it well for continued growth in India’s infrastructure and housing sectors.