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NSE:APOLLOPIPE

APOLLO PIPES LIMITED

Capital Goods › Industrial Products
₹481.70
at close · 28 Oct 2026
▼ 2.30 (-0.48%)

Latest filings

  1. KITARA PIIN 2401 acquires 4.34% in Apollo Pipes via warrant conversion · Ownership Changes
  2. 20 lakh shares allotted to KITARA PIIN on warrant conversion · Fund Raising
  3. Quarterly compliance certificate filed with exchanges · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells PVC and CPVC pipes used in plumbing and construction, generating FY26 revenue of INR1,104.92 crore. Crossed 1 lakh ton annual sales volume in FY26, with standalone volume up 7% year-on-year. Runs three existing plants (each capable of INR1,000 crore revenue), with a Dadri plant operational since July 2025 and a Varanasi plant operational since April 2026. The CPVC segment grew 10% in FY26 and is targeted to grow more than 20% in FY27, supported by a Lubrizol tie-up. Allied products such as window profiles and bath fittings are being added as new revenue lines, with window profiles guided at 4-5% of construction plumbing revenue in FY27. Distribution runs through dealers, leveraging group-level synergies with the APL Apollo Tubes dealer network. A South India greenfield plant is targeted to go live by FY28 end, and a merger with subsidiary Kisan Mouldings (FY25 turnover INR250 crore) into Apollo Pipes has been approved. PVC resin is the dominant input at 68.2% of revenue, and earnings swung sharply in FY26 as PVC prices dropped 15%, rallied 75%, then fell 25% — settled at INR84/kg — forcing inventory write-downs and a 30% drop in consolidated EBITDA.

Operating scale
Annual sales volume
1 lakh ton+FY26
Standalone volume growth
7% YoYFY26
Existing plants
3 plants, each capable of INR1,000 crore revenueFY26
Dadri plant
Operational since July 2025FY26
Varanasi plant
Operational since April 2026Q1 FY27
CPVC segment growth
10% in FY26; 20%+ targeted in FY27FY26-FY27
Who pays it
Dealers and distributors across India, serving plumbing and construction end-users; leveraging APL Apollo Tubes group dealer network
Biggest cost
PVC resin at 68.2% of revenue — the largest input cost and a key swing factor for margins
Kind of business
Cyclical, commodity-linked (PVC price-sensitive) plastics manufacturer; volume-driven, asset-heavy
Where it sits
Operates within the INR55,000-60,000 crore Indian plastic pipes industry, which is growing 7-8% annually; competitive market with active price war among top players
Market Cap
₹2,122 Cr
P / E (TTM)
—
EV / EBITDA
37.0×
Div Yield
0.15%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
2.1%·
ROCE (FY26)
ROE 0.5% · margin 7.0%
Leverage
0.14·
Debt / Equity · low
Net debt ₹41 Cr
Revenue FY24→FY26
1.1×▲
Margin −3.9 pts
₹987 Cr → ₹1,105 Cr
Cash conversion
2.31×▲
Operating cash ÷ profit · 3 yrs
₹189 Cr on ₹82 Cr
Moves on a normal day
1.45%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 58 Plastic Products - Industrial peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#33/42
ROCE#43/56
ROE#35/45
Debt / Equity#20/45
EBITDA margin#37/43
Revenue growth#28/49
Profit growth#42/47

Scorecard

Measured from the filed financials, judged against its Plastic Products - Industrial peers · as of FY26 — not investment advice

Strengths
Over 3 years it reported ₹82 Cr of profit and ₹189 Cr of operating cash — 2.31×
Profit is converting into cash
Pays out 66% of profit as dividend
Concerns
Returns on capital 2.1%
#43 of 56 in Plastic Products - Industrial on the latest reported figures

Charts

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APOLLOPIPE · price

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from APOLLO PIPES LIMITED's filed financials and exchange disclosures

What does APOLLO PIPES LIMITED do?

APOLLO PIPES LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol APOLLOPIPE.

Is APOLLO PIPES LIMITED profitable?

No. Over the trailing twelve months APOLLO PIPES LIMITED reported a net loss of ₹15 Cr on revenue of ₹1,125 Cr.

Does APOLLO PIPES LIMITED pay a dividend?

Yes. The dividend yield is 0.15% at the current price. It paid out 66% of its profit as dividend in FY26.

Is APOLLO PIPES LIMITED debt-free?

No. It reported borrowings of ₹123 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹41 Cr after cash. Debt stands at 0.14× equity. That is lower than 57% of its 45 Plastic Products - Industrial peers.

How much does the APOLLO PIPES LIMITED share price move in a day?

On a typical session APOLLO PIPES LIMITED moves 1.45% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track APOLLO PIPES LIMITED's announcements?

Every NSE and BSE filing by APOLLO PIPES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.