APOLLOPIPEIndustrials

Apollo Pipes Limited

Plastic Products - Industrial · ISIN INE126J01016 · BSE 531761 · NSE EQ · FV ₹10
Last price
₹526
+3.33%today
What this company does

Apollo Pipes Limited operates in Plastic Products - Industrial, part of the Industrials sector. It booked ₹295 cr of revenue in its latest quarter (Q1 FY27) and kept -2.9% of sales as profit. It is the 8th largest of 9 Plastic Products - Industrial companies we track, by market value.

In the report:
43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns7

How much profit it earns on the money it employs

Balance sheet42

How much it owes, and whether earnings cover the interest

Cash quality67

Whether reported profit actually arrives as cash

Valuation43

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 7% vs last year
Promoters hold 52%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -2.9% net margin
! Low -4.2% return on equity

What if I invest in APOLLOPIPE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹526 +3.33%
latest close · 2026-09-17
1-year return
+5.3%
52-wk low ₹40352-wk high ₹679
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio2.83Moderate
Below bookModerateHigh
EV / EBITDA112.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-4.2%Loss
WeakFairStrong ▸15%
Return on capital-4.1%Loss
WeakFairStrong
Net margin-2.9%Loss
ThinDecentStrong
EBITDA margin1.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.14Comfortable
LowModerateHigh ▸1
Interest cover-3.2×Risky
RiskyOkayStrong ▸5×
Current ratio1.37Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,316 cr
Book value
₹186
EPS
₹-2.52
latest quarter
Net debt
₹41 cr
owes more than its cash
Enterprise value
₹2,358 cr
EBITDA
₹21 cr
annualised
EBIT
₹-38 cr
annualised
Operating margin
-3.2%
Return on assets
-2.7%
Earnings yield
P/S
1.96
Sales / share
₹268.3
Tax rate
Face value
₹10
Shares
4.4 cr
Working capital
₹126 cr
Current assets
₹471 cr
Current liabilities
₹345 cr
Delivery %
41.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹159₹176, midpoint ₹168

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹295 cr
Other Income₹2 cr
Total Income₹298 cr
Cost of Materials₹231 cr
Purchases of Stock-in-Trade₹2 cr
Inventory Change (±)₹-11 cr
Employee Benefit Expense₹28 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹15 cr
Other Expenses₹43 cr
Total Expenses₹310 cr
Profit before Tax₹-13 cr
Tax Expense₹-2 cr
Net Profit₹-11 cr
Net margin on total income-3.7%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹221 cr71.3%
Employee benefit expense₹28 cr9.0%
Finance costs₹3 cr1.0%
Depreciation & amortisation₹15 cr4.8%
Other expenses₹43 cr13.9%
Total income ₹298 cr

The company made a net loss of ₹11 cr this quarter — income covered only 96 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue247 cr347 cr295 cr
Total income248 cr349 cr298 cr
Expenses253 cr347 cr310 cr
Profit before tax-5 cr1 cr-13 cr
Tax-30.6 L2 cr-2 cr
Net profit (owners' share)-3 cr-12.8 L-9 cr
Net margin (owners' share, on revenue)-1.3%-0.0%-2.9%
EPS (₹)-1.08-0.03-2.52
YoY (latest quarter): total income +7.1% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,286 cr
Shareholder equity
₹819 cr
parent shareholders
Total debt
₹123 cr
Cash
₹82 cr
Cash flow · H1 FY26
Operating
₹13 cr
Investing
₹-70 cr
Financing
₹-1 cr
Peer comparison
Plastic Products - Industrial · by market value
CompanyPriceMarket capP/E
Supreme Industries Limited₹3,344₹42,491 cr37.8
Astral Limited₹1,399₹37,630 cr78.2
Garware Hi-Tech Films Limited₹6,503₹15,105 cr28.5
Finolex Industries Limited₹154₹9,549 cr20.9
Time Technoplast Limited₹175₹8,615 cr18.6
Kingfa Science & Technology (India) Limited₹5,856₹7,935 cr24.7
Prince Pipes And Fittings Limited₹259₹2,860 cr21.2
Apollo Pipes Limitedthis company₹526₹2,316 cr
Jain Irrigation Systems Limited₹30₹2,216 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.13%
trailing 12 months
Dividend / share (TTM)
₹0.7
Last dividend
₹0.7
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹0.7 / share17 Jul 2026
Dividend₹0.7 / share4 Sep 2025
Dividend₹1 / share17 Sep 2024
Dividend₹0.6 / share15 Sep 2023
Dividend₹1 / share19 Sep 2022
Bonus issue1:22 Dec 2021
Who owns it · 2026-06-30
No pledge
Promoter
51.7%
FII / Foreign
2.5%
DII / Domestic
7.2%
Retail / others
38.3%
Promoter stake up 0.9% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtS Gupta Holding Private Limited · Promoter Group5.25 L · ₹16.6 cr13 Feb 26
BoughtDhruv Gupta · Promoter Group5.00 L6 Jun 24
SoldSaket Agarwal · Director50,000 · ₹3.0 cr10 Nov 20
Bulk / block deals
short · NSE3,75126 Aug 26
SoldKIRAN ANIL SHAH · NSE2.47 L @ ₹507.513 Aug 26
BoughtANIL LAXMICHAND SHAH · NSE2.47 L @ ₹508.8113 Aug 26
Stake changes
BoughtDhruv Gupta · promoter→ 54.78% · 13.50 L6 Aug 26
BoughtS Gupta Holding Private Limited · promoter→ 48.95% · 9.30 L23 Feb 26
BoughtMeenakshi Gupta · promoter→ 24.92% · 15.00 L6 Nov 24
Promoter pledges
ReleasedIntegrated Master Securities Pvt Ltd4.95 L · 3.78% held6 Oct 20
PledgedIntegrated Master Securities Pvt Ltd4.95 L · 0.00% held25 Sep 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.02 cr votes for, 25 against · 0% of mutual funds and other big investors said no
2
To declare final dividend of Rs. 0.70/- per equity share (i.e. @7%) for the financial year ended 31st March, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
1.02 cr votes for, 25 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Arun Agarwal (DIN: 10067312), who is liable to retire by rotation and being eligible, offers himself for re-appointment.
Backed by 96% of shareholders other than promotersneeded 50%
97.64 L votes for, 4.54 L against · 6% of mutual funds and other big investors said no
4
To appoint M/s. AKGVG & Associates, Chartered Accountants (Firm Registration No. 018598N) as the Statutory Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
1.02 cr votes for, 25 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 51.7% between them · as of 2026-06-30
Meenakshi Gupta23.40%
Sameer Gupta22.30%
S Gupta Holding Private Limited4.88%
Dhruv Gupta1.14%
Sanjay Guptano shares
Business done with them
FY2026 · 4 of the group
The company paid ₹3 cr to companies in the promoter group last year — about 0.3% of its ₹1,105 cr revenue and received ₹0.5 L back from them.
Mr. Sameer Gupta
Contribution made to them · Director Remuneration,Dividend Paid
also owns 22.30% of the company
₹2 cr
company paid
Mrs. Meenakshi Gupta
Other payments to them · Divident Piad
also owns 23.40% of the company
₹72.2 L
company paid
Mr. Sameer Gupta
Other payments to them · Director Remuneration,Dividend Paid
also owns 22.30% of the company
₹68.8 L
company paid
Mr. Dhruv Gupta
Contribution made to them · VARIOUS
also owns 1.14% of the company
₹10.5 L
company paid
S Gupta Holding Private Limited
Sold goods to them · Sale of Goods
also owns 4.88% of the company
₹0.5 L
company received
S Gupta Holding Private Limited
Bought goods from them · Sale of Goods
also owns 4.88% of the company
₹0.11 L
company paid
Mr. Dhruv Gupta
Description Of Nature Of Related Party Relationship · VARIOUS
also owns 1.14% of the company
₹0 L
company received

The company also transacted with 19 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹110 cr raised in Apr 2025 by selling shares to selected investors

As of Jun 2025, the company says it has spent 10% of what it set aside, leaving ₹99 cr still to be spent. Care Ratings Limited watches the spending on the exchange’s behalf.

Capital expenditure for future expansion of existing products and other allied products as may be decided by the board within the tentative timeline of the utilization
33%
₹11 cr of ₹33 cr
Working Capital for the business operations post expansion and incidental thereto for diversification of products.
0%
₹0 cr of ₹77 cr
₹260 cr raised in May 2023 by selling shares to selected investors

As of Jun 2025, the company says it has spent 100% of what it set aside. Care Ratings Limited watches the spending on the exchange’s behalf.

For strategic investment in Kisan Mouldings Limited through subscription of preferential issue
now filed as: For strategic investment in Kisan Mouldings Limited through subscription of preferential issue
100%
₹81 cr of ₹81 cr
Capital Expenditure
100%
₹39 cr of ₹39 cr
Working Capital Requirement
now filed as: Working Capital Requirement
100%
₹139 cr of ₹139 cr
Issue Related Expenses
now filed as: Issue Related Expenses
100%
₹13 L of ₹13 L

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.