Apollo Pipes Ltd

Apollo Pipes Ltd

₹ 483 0.42%
14 Nov - close price
About

Apollo Pipes is engaged in manufacturing and trading of cPVC, uPVC, and HDPE pipes, PVC taps, fittings, water storage tank and solvent etc. It is among the top 10 leading piping solution providing Company in India. The products cater to an array of industrial applications such as Agriculture, Water Management, Construction,Infrastructure,and Telecom ducting segments.

Key Points

Leadership[1]
Among the Top 10 leading PVC pipe manufactures in India.

  • Market Cap 1,997 Cr.
  • Current Price 483
  • High / Low 799 / 472
  • Stock P/E 64.5
  • Book Value 164
  • Dividend Yield 0.21 %
  • ROCE 13.0 %
  • ROE 8.71 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 26.2 to 19.5 days.
  • Company's median sales growth is 16.6% of last 10 years
  • Company's working capital requirements have reduced from 49.1 days to 23.0 days

Cons

  • Stock is trading at 2.95 times its book value
  • Company has a low return on equity of 8.97% over last 3 years.
  • Dividend payout has been low at 9.02% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -5.54%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
208.17 190.85 247.45 218.89 207.02 236.68 251.94 260.33 249.45 221.56 245.79 240.23 200.60
182.21 169.22 219.07 198.85 204.53 220.60 222.52 234.16 225.31 201.43 220.88 215.90 182.48
Operating Profit 25.96 21.63 28.38 20.04 2.49 16.08 29.42 26.17 24.14 20.13 24.91 24.33 18.12
OPM % 12.47% 11.33% 11.47% 9.16% 1.20% 6.79% 11.68% 10.05% 9.68% 9.09% 10.13% 10.13% 9.03%
0.12 1.17 1.07 0.82 0.40 0.02 0.72 1.18 1.31 1.09 0.33 0.82 0.52
Interest 0.72 0.76 1.75 2.17 2.18 2.07 2.44 1.52 0.69 1.39 1.48 2.02 3.26
Depreciation 6.18 6.65 7.15 6.39 7.03 7.42 7.56 6.65 7.24 7.50 8.34 8.34 9.09
Profit before tax 19.18 15.39 20.55 12.30 -6.32 6.61 20.14 19.18 17.52 12.33 15.42 14.79 6.29
Tax % 26.75% 26.19% 24.09% 28.21% -24.05% 26.48% 25.42% 27.37% 26.20% 26.36% 57.78% 26.44% 28.93%
14.05 11.36 15.60 8.83 -4.80 4.86 15.03 13.92 12.92 9.08 6.52 10.88 4.47
EPS in Rs 3.58 2.89 3.97 2.25 -1.22 1.24 3.82 3.54 3.29 2.31 1.66 2.63 1.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1 1 1 0 241 284 362 408 518 784 915 977 908
0 0 0 0 210 251 323 361 444 690 846 881 821
Operating Profit 1 1 1 -0 31 33 39 47 74 94 69 96 87
OPM % 78% 77% 86% 13% 12% 11% 11% 14% 12% 8% 10% 10%
0 0 0 0 2 8 10 10 8 3 2 4 3
Interest 0 0 0 0 4 3 6 6 5 4 9 6 8
Depreciation 0 0 0 0 5 7 10 13 18 26 28 30 33
Profit before tax 1 1 0 -0 24 31 34 38 61 67 33 64 49
Tax % 32% 34% 29% 22% 35% 29% 29% 24% 27% 26% 27% 34%
0 0 0 -0 16 22 24 29 44 50 24 42 31
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 7.68
Dividend Payout % 0% 0% 0% 0% 0% 0% 5% 0% 0% 8% 10% 9%
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: 29%
5 Years: 32%
3 Years: -6%
1 Year: -30%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 80 102 181 273 338 366 418 470 636
0 0 0 0 20 238 112 90 63 39 44 62 116
0 0 0 0 30 49 85 106 80 100 161 253 167
Total Liabilities 9 10 10 10 142 401 391 482 494 544 662 824 960
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
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

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 10 -0 24 15 26 12 21 36 69 123
0 0 -10 0 -9 -27 -44 -52 -56 -37 -68 -214
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

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 52 49 36 53 44 33 26 19
Inventory Days 47 80 73 104 79 84 90 83
Days Payable 39 70 50 86 49 35 59 60
Cash Conversion Cycle 0 0 0 60 59 59 71 74 82 57 42
Working Capital Days -59 -85 -62 57 -39 43 63 74 68 56 23
ROCE % 6% 6% 7% -1% 45% 15% 13% 13% 16% 17% 9% 13%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Nov 2024
52.03% 52.03% 52.03% 52.03% 52.03% 50.80% 50.80% 50.80% 50.77% 45.90% 45.90% 46.49%
1.04% 1.01% 2.21% 2.38% 2.71% 2.56% 2.67% 3.23% 4.24% 4.14% 4.47% 4.18%
11.32% 11.92% 11.76% 12.17% 12.65% 13.09% 14.87% 14.70% 14.68% 17.19% 16.59% 15.39%
34.97% 34.41% 33.35% 32.78% 32.07% 33.01% 31.11% 30.74% 29.87% 32.37% 32.62% 33.55%
0.63% 0.63% 0.63% 0.63% 0.53% 0.53% 0.53% 0.53% 0.43% 0.41% 0.41% 0.39%
No. of Shareholders 42,98840,10640,60539,77637,58135,24538,47241,44340,99940,78643,30944,500

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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