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Last Updated: April 2, 2026, 2:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531761 | NSE: APOLLOPIPE

Apollo Pipes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹671.25Undervalued by 56.83%vs CMP ₹428.00

P/E (102.0) × ROE (4.3%) × BV (₹191.00) × DY (0.16%)

₹215.23Overvalued by 49.71%vs CMP ₹428.00
MoS: -98.9% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹537.9022%Under (+25.7%)
Graham NumberEarnings₹134.0316%Over (-68.7%)
Earnings PowerEarnings₹51.2913%Over (-88%)
DCFCash Flow₹31.6813%Over (-92.6%)
Net Asset ValueAssets₹191.187%Over (-55.3%)
EV/EBITDAEnterprise₹277.469%Over (-35.2%)
Earnings YieldEarnings₹41.807%Over (-90.2%)
ROCE CapitalReturns₹164.517%Over (-61.6%)
Revenue MultipleRevenue₹210.255%Over (-50.9%)
Consensus (9 models)₹215.23100%Overvalued
Key Drivers: EPS CAGR -19.9% drags value — could be higher if earnings stabilize. | P/E of 102 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -19.9%

*Investments are subject to market risks

Investment Snapshot

40
Apollo Pipes Ltd scores 40/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 6.8% WeakROE 4.3% WeakD/E 1.70 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.11% (6mo) Slight increaseDII holding down 1.65% MF sellingPromoter holding at 46.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum25/100 · Weak
Revenue (4Q): -9% YoY DecliningProfit (4Q): -34% YoY Declining
Industry Rank25/100 · Weak
P/E 102.0 vs industry 54.0 Premium to peersROCE 6.8% vs industry 10.4% AverageROE 4.3% vs industry 10.6% Below peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:37 am

Market Cap 1,885 Cr.
Current Price 428
Intrinsic Value₹215.23
High / Low 495/252
Stock P/E102
Book Value 191
Dividend Yield0.16 %
ROCE6.78 %
ROE4.30 %
Face Value 10.0
PEG Ratio-5.13

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

View Share Price Target for Apollo Pipes Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Apollo Pipes Ltd 1,885 Cr. 428 495/252102 1910.16 %6.78 %4.30 % 10.0
Prince Pipes & Fittings Ltd 2,469 Cr. 223 388/20557.0 1440.22 %3.85 %2.73 % 10.0
Prakash Pipes Ltd 432 Cr. 181 480/16310.8 1911.33 %26.8 %20.5 % 10.0
Captain Polyplast Ltd 392 Cr. 65.1 96.0/52.717.3 28.00.00 %16.1 %15.0 % 2.00
Captain Pipes Ltd 131 Cr. 8.54 17.4/7.0544.5 2.690.00 %17.0 %13.5 % 1.00
Industry Average6,800.71 Cr210.0254.0187.370.26%10.40%10.62%8.00

All Competitor Stocks of Apollo Pipes Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 236.68251.94260.33249.45221.56245.79240.23200.60244.64240.22220.01194.09194.82
Expenses 220.60222.52234.16225.31201.43220.88215.90182.48223.63218.54201.34176.87181.32
Operating Profit 16.0829.4226.1724.1420.1324.9124.3318.1221.0121.6818.6717.2213.50
OPM % 6.79%11.68%10.05%9.68%9.09%10.13%10.13%9.03%8.59%9.03%8.49%8.87%6.93%
Other Income 0.020.721.181.311.090.330.820.520.153.302.782.350.56
Interest 2.072.441.520.691.391.482.023.262.571.321.751.681.72
Depreciation 7.427.566.657.247.508.348.349.0910.3610.8310.6213.0813.88
Profit before tax 6.6120.1419.1817.5212.3315.4214.796.298.2312.839.084.81-1.54
Tax % 26.48%25.42%27.37%26.20%26.36%57.78%26.44%28.93%27.46%26.03%10.57%56.76%-20.13%
Net Profit 4.8615.0313.9212.929.086.5210.884.475.979.498.112.07-1.24
EPS in Rs 1.243.823.543.292.311.662.631.081.362.151.840.47-0.28

Last Updated: February 6, 2026, 5:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:49 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 110241284362408518784915977926849
Expenses 000210251323361444690846881839778
Operating Profit 11-031333947749469968771
OPM % 77%86%13%12%11%11%14%12%8%10%9%8%
Other Income 000281010832459
Interest 00043665496106
Depreciation 000571013182628303948
Profit before tax 10-024313438616733644225
Tax % 34%29%22%35%29%29%24%27%26%27%34%27%
Net Profit 00-016222429445024423118
EPS in Rs 0.240.14-0.0710.466.666.657.2611.3212.656.0810.787.004.18
Dividend Payout % 0%0%0%0%0%5%0%0%8%10%9%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)37.50%9.09%20.83%51.72%13.64%-52.00%75.00%-26.19%
Change in YoY Net Profit Growth (%)0.00%-28.41%11.74%30.89%-38.09%-65.64%127.00%-101.19%

Apollo Pipes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:104%
5 Years:18%
3 Years:6%
TTM:-5%
Compounded Profit Growth
10 Years:65%
5 Years:2%
3 Years:-15%
TTM:-29%
Stock Price CAGR
10 Years:26%
5 Years:25%
3 Years:-10%
1 Year:-39%
Return on Equity
10 Years:10%
5 Years:8%
3 Years:6%
Last Year:4%

Last Updated: September 4, 2025, 11:25 pm

Balance Sheet

Last Updated: December 10, 2025, 2:22 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 55511111213133939394444
Reserves 45480102218293338366418534761798
Borrowings 0002023811290633944626138
Other Liabilities 0003049498580100161188184171
Total Liabilities 1010101424013914824945446628241,0491,051
Fixed Assets 0007079117154221236281345398431
CWIP 000015123087683756
Investments 0101001000440170206213
Other Assets 100072307262297265296336300408351
Total Assets 1010101424013914824945446628241,0491,051

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 010-02415261221366912370
Cash from Investing Activity + 0-100-9-27-44-52-56-37-68-214-141
Cash from Financing Activity + 000-15215-3920-21-30-876180
Net Cash Flow 0-00-0203-57-19-56-30-7-14109
Free Cash Flow 010-015-15-19-47-41-4-226-49
CFO/OP 29%1,505%122%97%83%93%44%45%55%121%147%95%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow1.001.000.0011.00-205.00-73.00-43.0011.0055.0025.0034.0026.00

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

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 00524936534433261919
Inventory Days 4780731047984908387
Days Payable 397050864935596070
Cash Conversion Cycle 00605959717482574236
Working Capital Days -85-6247-441620425439019
ROCE %6%7%-1%45%15%12%12%16%17%9%12%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 52.03%50.80%50.80%50.80%50.77%45.90%45.90%46.49%46.84%46.84%46.84%46.84%
FIIs 2.71%2.56%2.67%3.23%4.24%4.14%4.47%4.03%3.47%4.28%3.71%3.58%
DIIs 12.65%13.09%14.87%14.70%14.68%17.19%16.59%15.26%14.08%15.26%14.59%12.43%
Public 32.07%33.01%31.11%30.74%29.87%32.37%32.62%33.83%35.29%33.31%34.57%36.86%
Others 0.53%0.53%0.53%0.53%0.43%0.41%0.41%0.39%0.32%0.31%0.31%0.31%
No. of Shareholders 37,58135,24538,47241,44340,99940,78643,30944,49744,55245,22646,09546,766

Shareholding Pattern Chart

No. of Shareholders

Apollo Pipes Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Franklin India Small Cap Fund 2,023,000 0.43 54.27N/AN/AN/A
Kotak Small Cap Fund 1,525,268 0.25 40.92N/AN/AN/A
Bandhan ELSS Tax Saver Fund 500,000 0.19 13.41500,0002025-04-22 17:25:420%
Navi ELSS Tax Saver Fund 8,600 0.45 0.23N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 17Mar 16Mar 15
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 7.7410.8415.8210.0211.63
Diluted EPS (Rs.) 7.7410.5915.8210.0211.63
Cash EPS (Rs.) 17.8518.4740.6628.0827.25
Book Value[Excl.RevalReserv]/Share (Rs.) 179.97169.76141.30110.0190.14
Book Value[Incl.RevalReserv]/Share (Rs.) 179.97169.76141.30110.0190.14
Revenue From Operations / Share (Rs.) 268.26250.79479.61416.91179.26
PBDIT / Share (Rs.) 22.9125.3564.5348.4416.78
PBIT / Share (Rs.) 12.8017.7655.1740.2512.59
PBT / Share (Rs.) 10.3116.4748.0530.806.91
Net Profit / Share (Rs.) 7.7410.8831.3019.8923.06
NP After MI And SOA / Share (Rs.) 7.4110.8815.8210.0211.63
PBDIT Margin (%) 8.5410.1013.4511.619.36
PBIT Margin (%) 4.777.0811.509.657.02
PBT Margin (%) 3.846.5610.017.383.85
Net Profit Margin (%) 2.884.336.524.7712.86
NP After MI And SOA Margin (%) 2.764.333.292.406.48
Return on Networth / Equity (%) 4.117.4521.4317.2824.24
Return on Capital Employeed (%) 5.9910.1832.6228.519.88
Return On Assets (%) 2.654.236.524.725.45
Long Term Debt / Equity (X) 0.050.000.310.470.72
Total Debt / Equity (X) 0.110.110.471.041.70
Asset Turnover Ratio (%) 1.050.001.950.000.00
Current Ratio (X) 1.701.141.901.391.35
Quick Ratio (X) 0.960.531.280.990.76
Inventory Turnover Ratio (X) 5.740.009.510.000.00
Dividend Payout Ratio (NP) (%) 12.665.510.000.000.00
Dividend Payout Ratio (CP) (%) 5.353.240.000.000.00
Earning Retention Ratio (%) 87.3494.490.000.000.00
Cash Earning Retention Ratio (%) 94.6596.760.000.000.00
Interest Coverage Ratio (X) 9.2019.699.065.132.96
Interest Coverage Ratio (Post Tax) (X) 4.119.455.393.101.83
Enterprise Value (Cr.) 1709.182604.29230.26105.73120.67
EV / Net Operating Revenue (X) 1.452.640.960.501.35
EV / EBITDA (X) 16.9326.117.144.3714.39
MarketCap / Net Operating Revenue (X) 1.412.540.750.240.68
Retention Ratios (%) 87.3394.480.000.000.00
Price / BV (X) 2.104.364.881.782.58
Price / Net Operating Revenue (X) 1.412.540.750.240.68
EarningsYield 0.010.010.040.090.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 925.69 Cr. and Equity Capital is Rs. 44.05 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Pipes & Fittings37, Hargobind Enclave, New Delhi Delhi 110092Contact not found
Management
NamePosition Held
Mr. Sameer GuptaChairman & Managing Director
Mr. Arun AgarwalJoint Managing Director
Mr. Pradeep Kumar JainDirector
Ms. Neeru AbrolDirector
Mr. Ashok Kumar GuptaDirector
Mr. Abhilash LalDirector

FAQ

What is the intrinsic value of Apollo Pipes Ltd and is it undervalued?

As of 14 April 2026, Apollo Pipes Ltd's intrinsic value is ₹215.23, which is 49.71% lower than the current market price of ₹428.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.30 %), book value (₹191), dividend yield (0.16 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Apollo Pipes Ltd?

Apollo Pipes Ltd is trading at ₹428.00 as of 14 April 2026, with a FY2026-2027 high of ₹495 and low of ₹252. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,885 Cr..

How does Apollo Pipes Ltd's P/E ratio compare to its industry?

Apollo Pipes Ltd has a P/E ratio of 102, which is above the industry average of 54.01. The premium over industry average may reflect growth expectations or speculative interest.

Is Apollo Pipes Ltd financially healthy?

Key indicators for Apollo Pipes Ltd: ROCE of 6.78 % is on the lower side compared to the industry average of 10.40%; ROE of 4.30 % is below ideal levels (industry average: 10.62%). Dividend yield is 0.16 %.

Is Apollo Pipes Ltd profitable and how is the profit trend?

Apollo Pipes Ltd reported a net profit of ₹31 Cr in Mar 2025 on revenue of ₹926 Cr. Compared to ₹50 Cr in Mar 2022, the net profit shows a declining trend.

Does Apollo Pipes Ltd pay dividends?

Apollo Pipes Ltd has a dividend yield of 0.16 % at the current price of ₹428.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Apollo Pipes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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