Apollo Pipes

NSE: APOLLOPIPE · Plastic Products - Industrial

52W Range₹252 ₹554

Snapshot

Unlock Apollo Pipes's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Apollo Pipes Limited is a manufacturer and trader of a diverse range of PVC, cPVC, HDPE, and uPVC pipes and fittings. The company serves the urban infrastructure, construction, water management, and agriculture sectors.

Business Model

The company generates revenue through the manufacturing and distribution of piping systems, drainage solutions, and bath fittings under the APL Apollo brand. It operates through a B2B and B2C model, supplying products for both infrastructure projects and residential construction.

Growth Outlook

Growth is driven by increasing demand for water management infrastructure and the expansion of the construction sector in India. The company continues to broaden its product portfolio, including bath fittings and advanced piping systems, to capture a larger market share.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of PVC resin and other petrochemical derivatives directly impact the company's manufacturing costs and profit margins.
  • Competitive Intensity. The plastic piping industry in India is highly fragmented with significant competition from both large organised players and unorganised local manufacturers.
  • Cyclicality of Construction Sector. The company's performance is closely linked to the health of the real estate and infrastructure sectors, which are prone to economic cycles.
  • Regulatory and Environmental Risks. Stricter environmental regulations regarding plastic waste management and manufacturing processes could increase operational compliance costs.

Price

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Key Metrics

REVENUE

₹1,105 Cr

TTM · consolidated

-6.5%YoY

NET PROFIT

₹5 Cr

TTM · consolidated

-86.3%YoY

EPS

₹1.05

TTM · consolidated

-86.3%YoY

RETURN ON EQUITY

0.6%

TTM · consolidated

-4.8 ppYoY

RETURN ON CAPITAL EMPLOYED

2.1%

TTM · consolidated

-5.4 ppYoY

P/E

480.2x

Q4 FY26 · consolidated

480.2 vs 83.6x5Y avg

EV/EBITDA

29.3x

Q4 FY26 · consolidated

29.3 vs 25.1x5Y avg

EBITDA MARGIN

7.0%

TTM · consolidated

-1.5 ppYoY

NET PROFIT MARGIN

0.0%

Q4 FY26 · consolidated

-3.1 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

+0.03xYoY

Peers · Plastic Products - Industrial

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Apollo PipesAPOLLOPIPE
1,847480.1929.32-6.5%7.0%0.6%2.1%+15.6%
Prince Pipes and Fittings LimitedPRINCEPIPE
2,50340.5412.262.9%9.4%4.6%6.4%-24.4%
Jain IrrigationJISLJALEQS
2,18738.267.5410.7%12.8%-0.7%6.6%-43.5%
Jai CorpJAICORPLTD
1,69111.169.13-0.6%40.2%11.9%13.2%-2.3%
R M Drip & Sprinklers Systems Ltd.RMDRIP
9673.549.6527.6%40.0%44.8%-96.7%
Premier PolyfilmPREMIERPOL
61625.7016.8412.4%14.3%25.5%32.8%+46.9%

As of Q4 FY26

Financials