Apollo Pipes Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:53 am

Market Cap	2,075 Cr.
Current Price	471
High / Low	799/452
Stock P/E	67.0
Book Value	164
Dividend Yield	0.21 %
ROCE	12.3 %
ROE	8.17 %
Face Value	10.0
PEG Ratio	-25.14

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Dutron Polymers Ltd	99.9 Cr.	167	233/141	40.6	47.1	0.90 %	13.2 %	9.55 %	10.0
Captain Polyplast Ltd	435 Cr.	78.6	87.8/34.5	28.9	20.7	0.00 %	18.9 %	20.4 %	2.00
Captain Pipes Ltd	234 Cr.	15.8	24.5/14.0	53.6	1.89	0.00 %	25.0 %	17.4 %	1.00
Caprihans India Ltd	204 Cr.	155	239/131		337	0.00 %	1.54 %	15.2 %	10.0
Ashish Polyplast Ltd	18.4 Cr.	54.2	95.4/19.0	16.9	20.9	0.00 %	5.18 %	3.47 %	10.0
Industry Average	7,803.56 Cr	279.32		40.81	87.85	0.21%	13.61%	13.44%	7.57

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	138	208	191	247	219	207	237	252	260	249	222	246	240
Expenses	120	182	169	219	199	205	221	223	234	225	201	221	216
Operating Profit	17	26	22	28	20	2	16	29	26	24	20	25	24
OPM %	13%	12%	11%	11%	9%	1%	7%	12%	10%	10%	9%	10%	10%
Other Income	1	0	1	1	1	0	0	1	1	1	1	0	1
Interest	1	1	1	2	2	2	2	2	2	1	1	1	2
Depreciation	6	6	7	7	6	7	7	8	7	7	8	8	8
Profit before tax	12	19	15	21	12	-6	7	20	19	18	12	15	15
Tax %	28%	27%	26%	24%	28%	-24%	26%	25%	27%	26%	26%	58%	26%
Net Profit	9	14	11	16	9	-5	5	15	14	13	9	7	11
EPS in Rs	2.23	3.58	2.89	3.97	2.25	-1.22	1.24	3.82	3.54	3.29	2.31	1.66	2.63

Last Updated: September 11, 2024, 11:27 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 11, 2024, 11:28 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1	1	1	0	241	284	362	408	518	784	915	977	957
Expenses	0	0	0	0	210	251	323	361	444	690	846	881	864
Operating Profit	1	1	1	-0	31	33	39	47	74	94	69	96	94
OPM %	78%	77%	86%		13%	12%	11%	11%	14%	12%	8%	10%	10%
Other Income	0	0	0	0	2	8	10	10	8	3	2	4	4
Interest	0	0	0	0	4	3	6	6	5	4	9	6	6
Depreciation	0	0	0	0	5	7	10	13	18	26	28	30	31
Profit before tax	1	1	0	-0	24	31	34	38	61	67	33	64	60
Tax %	32%	34%	29%	22%	35%	29%	29%	24%	27%	26%	27%	34%
Net Profit	0	0	0	-0	16	22	24	29	44	50	24	42	39
EPS in Rs	0.24	0.24	0.14	-0.07	10.46	6.66	6.65	7.26	11.32	12.65	6.08	10.78	9.89
Dividend Payout %	0%	0%	0%	0%	0%	0%	5%	0%	0%	8%	10%	9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	37.50%	9.09%	20.83%	51.72%	13.64%	-52.00%	75.00%
Change in YoY Net Profit Growth (%)	0.00%	-28.41%	11.74%	30.89%	-38.09%	-65.64%	127.00%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	105%
5 Years:	22%
3 Years:	24%
TTM:	-9%

Compounded Profit Growth
10 Years:	61%
5 Years:	11%
3 Years:	-2%
TTM:	-34%

Stock Price CAGR
10 Years:	28%
5 Years:	33%
3 Years:	-5%
1 Year:	-31%

Return on Equity
10 Years:	11%
5 Years:	10%
3 Years:	9%
Last Year:	8%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 4:00 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5	5	5	5	11	11	12	13	13	39	39	39	41
Reserves	4	4	5	4	80	102	218	293	338	366	418	534	636
Borrowings	0	0	0	0	20	238	112	90	63	39	44	62	116
Other Liabilities	0	0	0	0	30	49	49	85	80	100	161	188	167
Total Liabilities	9	10	10	10	142	401	391	482	494	544	662	824	960
Fixed Assets	0	0	0	0	70	79	117	154	221	236	281	345	355
CWIP	0	0	0	0	0	15	12	30	8	7	6	8	41
Investments	0	0	10	10	0	1	0	0	0	4	40	170	183
Other Assets	9	10	0	0	72	307	262	297	265	296	336	300	381
Total Assets	9	10	10	10	142	401	391	482	494	544	662	824	960

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	0	0	10	-0	24	15	26	12	21	36	69	123
Cash from Investing Activity +	0	0	-10	0	-9	-27	-44	-52	-56	-37	-68	-214
Cash from Financing Activity +	0	0	0	0	-15	215	-39	20	-21	-30	-8	76
Net Cash Flow	0	0	-0	0	-0	203	-57	-19	-56	-30	-7	-14

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	1.00	1.00	1.00	0.00	11.00	-205.00	-73.00	-43.00	11.00	55.00	25.00	34.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

No data available for the Financial Efficiency data table.

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	52.03%	52.03%	52.03%	52.03%	52.03%	52.03%	52.03%	50.80%	50.80%	50.80%	50.77%	45.90%
FIIs	1.91%	1.21%	1.04%	1.01%	2.21%	2.38%	2.71%	2.56%	2.67%	3.23%	4.24%	4.14%
DIIs	9.54%	10.85%	11.32%	11.92%	11.76%	12.17%	12.65%	13.09%	14.87%	14.70%	14.68%	17.19%
Public	35.75%	35.14%	34.97%	34.41%	33.35%	32.78%	32.07%	33.01%	31.11%	30.74%	29.87%	32.37%
Others	0.76%	0.76%	0.63%	0.63%	0.63%	0.63%	0.53%	0.53%	0.53%	0.53%	0.43%	0.41%
No. of Shareholders	18,360	39,783	42,988	40,106	40,605	39,776	37,581	35,245	38,472	41,443	40,999	40,786

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Small Cap Fund - Regular Plan	1,525,268	0.56	97.4	8,600	2024-12-16	17635.67%
Bandhan ELSS Tax Saver Fund	500,000	0.44	31.93	8,600	2024-12-16	5713.95%
Navi ELSS Tax Saver Fund - Regular Plan	8,600	0.82	0.55	8,600	2024-12-16	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 17	Mar 16	Mar 15	Mar 14
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	10.84	15.82	10.02	11.63	0.73
Diluted EPS (Rs.)	10.59	15.82	10.02	11.63	0.73
Cash EPS (Rs.)	18.47	40.66	28.08	27.25	0.72
Book Value[Excl.RevalReserv]/Share (Rs.)	169.76	141.30	110.01	90.14	18.63
Book Value[Incl.RevalReserv]/Share (Rs.)	169.76	141.30	110.01	90.14	18.63
Revenue From Operations / Share (Rs.)	250.79	479.61	416.91	179.26	1.46
PBDIT / Share (Rs.)	25.35	64.53	48.44	16.78	1.12
PBIT / Share (Rs.)	17.76	55.17	40.25	12.59	1.12
PBT / Share (Rs.)	16.47	48.05	30.80	6.91	1.12
Net Profit / Share (Rs.)	10.88	31.30	19.89	23.06	0.72
NP After MI And SOA / Share (Rs.)	10.88	15.82	10.02	11.63	0.72
PBDIT Margin (%)	10.10	13.45	11.61	9.36	76.55
PBIT Margin (%)	7.08	11.50	9.65	7.02	76.55
PBT Margin (%)	6.56	10.01	7.38	3.85	76.55
Net Profit Margin (%)	4.33	6.52	4.77	12.86	50.02
NP After MI And SOA Margin (%)	4.33	3.29	2.40	6.48	50.02
Return on Networth / Equity (%)	7.45	21.43	17.28	24.24	3.91
Return on Capital Employeed (%)	10.18	32.62	28.51	9.88	5.96
Return On Assets (%)	4.23	6.52	4.72	5.45	3.82
Long Term Debt / Equity (X)	0.00	0.31	0.47	0.72	0.00
Total Debt / Equity (X)	0.11	0.47	1.04	1.70	0.00
Asset Turnover Ratio (%)	0.00	1.95	0.00	0.00	0.00
Current Ratio (X)	1.14	1.90	1.39	1.35	0.29
Quick Ratio (X)	0.53	1.28	0.99	0.76	0.29
Inventory Turnover Ratio (X)	0.00	9.51	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	5.51	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	3.24	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	94.49	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	96.76	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	19.69	9.06	5.13	2.96	0.00
Interest Coverage Ratio (Post Tax) (X)	9.45	5.39	3.10	1.83	0.00
Enterprise Value (Cr.)	2604.29	230.26	105.73	120.67	11.20
EV / Net Operating Revenue (X)	2.64	0.96	0.50	1.35	15.39
EV / EBITDA (X)	26.11	7.14	4.37	14.39	20.10
MarketCap / Net Operating Revenue (X)	2.54	0.75	0.24	0.68	15.45
Retention Ratios (%)	94.48	0.00	0.00	0.00	0.00
Price / BV (X)	4.36	4.88	1.78	2.58	1.21
Price / Net Operating Revenue (X)	2.54	0.75	0.24	0.68	15.45
EarningsYield	0.01	0.04	0.09	0.09	0.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 899.60

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 91.00% compared to the current share price 471.00

Intrinsic Value of as of December 22, 2024 is: 875.63

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 85.91% compared to the current share price 471.00

Last 5 Year EPS CAGR: -2.66%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 4.33%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 10.18% (Industry Average ROCE: 13.61%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 7.45% (Industry Average ROE: 11.52%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 9.45
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.53
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 67 (Industry average Stock P/E: 29.15)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.11
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Apollo Pipes Ltd. is a Public Limited Listed company incorporated on 09/12/1985 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65999DL1985PLC022723 and registration number is 022723. Currently Company is involved in the business activities of Manufacture of plastics products. Company’s Total Operating Revenue is Rs. 784.08 Cr. and Equity Capital is Rs. 39.33 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Plastics - Pipes & Fittings	37, Hargobind Enclave, Vikas Marg, New Delhi Delhi 110092	compliance@apollopipes.com http://www.apollopipes.com

Management
Name	Position Held
Mr. Sameer Gupta	Chairman & Managing Director
Mr. Arun Agarwal	Joint Managing Director
Mr. Pradeep Kumar Jain	Director
Ms. Neeru Abrol	Director
Mr. Ashok Kumar Gupta	Director
Mr. Abhilash Lal	Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹899.60, which is 91.00% higher than the current market price of ₹471.00. The stock has a market capitalization of 2,075 Cr. and recorded a high/low of 799/452 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹636 Cr and total liabilities of ₹960 Cr.

What is the Market Cap of ?

The Market Cap of is 2,075 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 471.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 799/452.

What is the Stock P/E of ?

The Stock P/E of is 67.0.

What is the Book Value of ?

The Book Value of is 164.

What is the Dividend Yield of ?

The Dividend Yield of is 0.21 %.

What is the ROCE of ?

The ROCE of is 12.3 %.

What is the ROE of ?

The ROE of is 8.17 %.

What is the Face Value of ?

The Face Value of is 10.0.