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Apollo Pipes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹13.15Overvalued by 97.84%vs CMP ₹609.00

P/E (15.0) × ROE (0.6%) × BV (₹192.00) × DY (0.11%)

Defaults: P/E=15

₹98.94Overvalued by 83.75%vs CMP ₹609.00
MoS: -515.5% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹10.5419%Over (-98.3%)
Graham NumberEarnings₹134.3817%Over (-77.9%)
Earnings PowerEarnings₹39.0014%Over (-93.6%)
DCFCash Flow₹19.4014%Over (-96.8%)
Net Asset ValueAssets₹191.737%Over (-68.5%)
EV/EBITDAEnterprise₹265.029%Over (-56.5%)
Earnings YieldEarnings₹41.807%Over (-93.1%)
ROCE CapitalReturns₹175.057%Over (-71.3%)
Revenue MultipleRevenue₹210.116%Over (-65.5%)
Consensus (9 models)₹98.94100%Overvalued
Key Drivers: EPS CAGR -19.9% drags value — could be higher if earnings stabilize. | ROE 0.6% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -19.9% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Apollo Pipes Ltd operates in the Plastics - Pipes & Fittings segment, NSE: APOLLOPIPE | BSE: 531761, current market price is ₹609.00, market cap is 2,684 Cr.. At a glance, ROE is 0.57 %, ROCE is 2.18 %, book value is 192, dividend yield is 0.11 %. The latest intrinsic value estimate is ₹98.94, around 83.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹926 Cr versus the prior period change of -5.2%, while latest net profit is about ₹31 Cr with a prior-period change of -26.2%. The 52-week range shown on this page is 631/252, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisApollo 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 L65999DL19…

This summary is generated from the stock page data available for Apollo Pipes Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

37
Apollo Pipes Ltd scores 37/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 2.2% WeakROE 0.6% WeakD/E 1.70 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money20/100 · Weak
FII holding down -1.18% (6mo) SellingDII holding down 7.39% MF sellingPromoter holding at 51.7% 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
ROCE 2.2% vs industry 8.5% Below peersROE 0.6% vs industry 8.5% 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.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 5:07 am

Market Cap 2,684 Cr.
Current Price 609
Intrinsic Value₹98.94
High / Low 631/252
Stock P/E
Book Value 192
Dividend Yield0.11 %
ROCE2.18 %
ROE0.57 %
Face Value 10.0
PEG Ratio0.00

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 2,684 Cr. 609 631/252 1920.11 %2.18 %0.57 % 10.0
Prince Pipes & Fittings Ltd 3,139 Cr. 284 353/20530.1 1490.18 %6.12 %4.67 % 10.0
Prakash Pipes Ltd 642 Cr. 268 375/16313.0 2000.37 %12.5 %9.38 % 10.0
Captain Polyplast Ltd 397 Cr. 65.9 87.8/52.714.3 31.30.00 %17.8 %16.3 % 2.00
Caprihans India Ltd 222 Cr. 126 144/50.3 2530.00 %2.16 %13.5 % 10.0
Industry Average6,067.25 Cr237.9430.7188.660.19%8.49%8.49%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: June 17, 2026, 1:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 5511111213133939394444
Reserves 5480102218293338366418534761801
Borrowings 002023811290633944626192
Other Liabilities 003049498580100161188184195
Total Liabilities 10101424013914824945446628241,0491,132
Fixed Assets 007079117154221236281345398421
CWIP 00015123087683790
Investments 101001000440170206223
Other Assets 0072307262297265296336300408399
Total Assets 10101424013914824945446628241,0491,132

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 10-0241526122136691237038
Cash from Investing Activity + -100-9-27-44-52-56-37-68-214-141-134
Cash from Financing Activity + 00-15215-3920-21-30-87618049
Net Cash Flow -00-0203-57-19-56-30-7-14109-47
Free Cash Flow 10-015-15-19-47-41-4-226-49-83
CFO/OP 1,505%122%97%83%93%44%45%55%121%147%95%66%

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

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 50.80%50.80%50.77%45.90%45.90%46.49%46.84%46.84%46.84%46.84%51.72%51.72%
FIIs 2.67%3.23%4.24%4.14%4.47%4.03%3.47%4.28%3.71%3.58%2.22%2.53%
DIIs 14.87%14.70%14.68%17.19%16.59%15.26%14.08%15.26%14.59%12.43%10.77%7.20%
Public 31.11%30.74%29.87%32.37%32.62%33.83%35.29%33.31%34.57%36.86%35.01%38.29%
Others 0.53%0.53%0.43%0.41%0.41%0.39%0.32%0.31%0.31%0.31%0.29%0.26%
No. of Shareholders 38,47241,44340,99940,78643,30944,49744,55245,22646,09546,76644,30539,071

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

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

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

As of 09 September 2026, Apollo Pipes Ltd's intrinsic value is ₹98.94, which is 83.75% lower than the current market price of ₹609.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.57 %), book value (₹192), dividend yield (0.11 %), 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 ₹609.00 as of 09 September 2026, with a FY2026-2027 high of ₹631 and low of ₹252. The stock is currently near its 52-week high. Market cap stands at ₹2,684 Cr..

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

Apollo Pipes Ltd has a P/E ratio of , which is below the industry average of 30.71. This is broadly in line with or below the industry average.

Is Apollo Pipes Ltd financially healthy?

Key indicators for Apollo Pipes Ltd: ROCE of 2.18 % is on the lower side compared to the industry average of 8.49%; ROE of 0.57 % is below ideal levels (industry average: 8.49%). Dividend yield is 0.11 %.

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 0.11 % at the current price of ₹609.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 5:07 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531761 | NSE: APOLLOPIPE
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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