APOLLOPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Pipes reported FY2026 consolidated revenue of Rs. 1,104.92 Cr (up from Rs. 1,181.64 Cr) with net profit of Rs. 46.63 Cr, down significantly from Rs. 340.87 Cr in FY2025, reflecting challenging market conditions. Standalone revenue was Rs. 887.44 Cr with net profit of Rs. 121.85 Cr. The Board recommended a final dividend of Rs. 0.70 per share (7% on face value). Key board changes include appointment of Mr. Sanjay Gupta (brother of MD Sameer Gupta) as Chairman effective May 8, while Mr. Ashok Gupta resigned from the Board citing other professional commitments. The company also approved a Stock Appreciation Rights Scheme 2026 with a pool of 25 lakh units, pending shareholder approval. Additionally, the company acquired a 4.35% additional stake in subsidiary Kisan Mouldings Limited for Rs. 14.76 Cr, increasing its holding to 61.94%.
The sharp decline in profitability (net profit down ~86% YoY on consolidated basis) is a major concern for investors, despite revenue being relatively stable. The dividend and new SAR scheme provide some positive signals for shareholder alignment, while the leadership transition to a family member may offer continuity.