Is Apollo Pipes a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Apollo Pipes Ltd is a below average quality company .

Is Apollo Pipes undervalued or overvalued?

The key valuation ratios of Apollo Pipes Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Apollo Pipes share price return in the past 10 years?

Apollo Pipes Ltd share price has appreciated 28.7% annually (CAGR) over the past ten years.

Is Apollo Pipes a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Apollo Pipes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Apollo Pipes Ltd - Stock Valuation and Financial Performance

Name: Apollo Pipes
Brand: Apollo Pipes

BSE: 531761 | NSE: APOLLOPIPE | Plastic Products | Small Cap

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Apollo Pipes Share Price

₹482.20 -17.50 -3.50%
as on 13-Nov'24 11:47

10 Year X-Ray of Apollo Pipes:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	6.8%	-1%	45.5%	14.8%	11.5%	11.9%	16.1%	16.7%	8.9%	12.4%	-
Value Creation Index ⓘ	-0.5	-1.1	2.3	0.1	-0.2	-0.2	0.2	0.2	-0.4	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0.8	0	241	284	362	408	518	784	915	977	908
Sales YoY Gr.	-	-100%	NA	18%	27.2%	12.8%	27%	51.4%	16.6%	6.9%	-
Adj EPS ⓘ	0.1	-0.1	4.5	5.8	7.1	7.5	10.9	12.6	6.1	10.4	7
YoY Gr.	-	-157.1%	NA	28.6%	22.8%	6%	45.7%	15.1%	-51.2%	69.8%	-
BVPS (₹) ⓘ	6.4	6.3	27.6	34.2	53.7	72.8	89.3	102.6	115.8	129.3	154.4
Adj Net Profit ⓘ	0.2	-0.1	14.8	19	25.4	29.4	42.9	49.4	24.1	40.9	31
Cash Flow from Ops. ⓘ	9.6	-0.2	23.9	15.4	25.8	12.4	20.9	36.3	68.7	123	-
Debt/CF from Ops. ⓘ	0	-2.5	0.8	15.4	4.4	7.2	3	1.1	0.6	0.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	121.5%	22%	23.6%	6.9%
Adj EPS ⓘ	61.4%	8%	-1.6%	69.8%
BVPSⓘ	39.8%	19.2%	13.2%	11.7%
Share Price	28.7%	31%	-6.7%	-31.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	2.3	-1.2	29.3	18.6	14.8	11	13	13.1	5.6	7.9	5
Op. Profit Mgn % ⓘ	82.2	0	12.7	11.6	11	11.8	14.4	11.9	7.6	9.8	9.6
Net Profit Mgn % ⓘ	28	0	6.1	6.7	7	7.2	8.3	6.3	2.6	4.2	3.4
Debt to Equity ⓘ	0	0.1	0.2	2.1	0.6	0.3	0.2	0.1	0.1	0.1	0
Working Cap Days ⓘ	2,272	0	51	115	118	135	97	78	67	59	61
Cash Conv. Cycle ⓘ	0	0	22	47	45	53	25	31	18	-1	12

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.55%

Return on Equity has declined versus last 3 years average to 5.00%

Net Profit has been subdued in last 3 years -1.58%

Sales growth is not so good in last 4 quarters at -9.04%

Latest Financials - Apollo Pipes Ltd.

	Standalone	Consolidated
TTM EPS (₹)	7	9.7
TTM Sales (₹ Cr.)	908	987
BVPS (₹.) ⓘ	154.4	154.8
Reserves (₹ Cr.) ⓘ	636	638
P/BV ⓘ	3.24	3.23
PE ⓘ	71.23	51.70

From the Market
52 Week Low / High (₹)	477.00 / 798.85
All Time Low / High (₹)	0.44 / 798.85
Market Cap (₹ Cr.)	2,205
Equity (₹ Cr.)	44.1
Face Value (₹)	10
Industry PE ⓘ	39.1

Management X-Ray of Apollo Pipes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Apollo Pipes

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Apollo Pipes

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1	0	241	284	362	408	518	784	915	977
Operating Expenses ⓘ	0	0	210	251	323	361	444	691	846	881
Manufacturing Costs	0	0	18	20	22	23	28	37	48	58
Material Costs	0	0	176	203	262	289	362	573	693	705
Employee Cost	0	0	9	14	21	26	29	41	52	61
Other Costs ⓘ	0	0	8	15	17	23	25	39	53	57
Operating Profit ⓘ	1	0	31	33	39	47	74	93	69	96
Operating Profit Margin (%)	82.2%	-	12.7%	11.6%	10.9%	11.4%	14.4%	11.9%	7.5%	9.8%
Other Income ⓘ	0	0	2	8	12	10	8	4	2	4
Interest ⓘ	0	0	4	3	6	6	5	4	9	6
Depreciation ⓘ	0	0	5	7	10	13	18	26	28	30
Exceptional Items ⓘ	0	0	0	0	-2	0	0	0	0	0
Profit Before Tax ⓘ	0	0	24	31	34	38	61	67	33	64
Tax ⓘ	0	0	8	9	10	9	16	17	9	22
Profit After Tax	0	0	16	22	24	29	44	50	24	42
PAT Margin (%)	28.0%	-	6.5%	7.8%	6.6%	7.0%	8.6%	6.3%	2.6%	4.3%
Adjusted EPS (₹)	0.1	-0.1	4.7	6.7	6.7	7.3	11.3	12.7	6.1	10.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	5%	0%	0%	8%	10%	9%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	10	9	91	113	193	286	351	404	455	509
Share Capital ⓘ	5	5	11	11	12	13	13	39	39	39
Reserves ⓘ	5	4	80	102	181	273	338	364	416	470
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	18	155	97	78	52	29	43	61
Long Term Debt	0	0	12	151	70	30	18	9	0	0
Short Term Debt	0	0	6	4	26	48	34	20	43	61
Trade Payables	0	0	19	39	36	68	48	55	112	117
Others Liabilities ⓘ	0	0	18	102	74	59	56	69	52	136
Total Liabilities ⓘ	10	10	146	409	400	491	507	557	662	824
Fixed Assets
Gross Block	0	0	94	110	157	207	291	332	404	497
Accumulated Depreciation	0	0	25	31	40	53	70	95	123	152
Net Fixed Assetsⓘ	0	0	70	79	117	154	221	236	281	345
CWIP ⓘ	0	0	0	15	12	30	8	7	6	8
Investmentsⓘ	10	10	0	1	0	0	0	4	40	170
Inventories	0	0	23	44	52	82	78	132	171	160
Trade Receivables	0	0	34	39	36	59	63	71	66	52
Cash Equivalents	0	0	1	205	147	128	72	42	35	20
Others Assetsⓘ	0	0	18	28	35	37	65	65	64	67
Total Assets ⓘ	10	10	146	409	400	491	507	557	662	824

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	10	0	24	15	26	12	21	36	69	123
PBT ⓘ	0	0	24	31	36	38	61	67	33	64
Adjustment ⓘ	0	0	8	6	2	9	17	27	36	33
Changes in Working Capital ⓘ	9	-0	-2	-10	-2	-26	-43	-42	15	43
Tax Paid ⓘ	0	0	-6	-12	-11	-8	-13	-16	-14	-18
Cash Flow From Investing Activity ⓘ	-10	0	-9	-27	-44	-52	-56	-37	-68	-214
Capex	0	0	-9	-16	-33	-40	-84	-41	-73	-94
Net Investments	-10	0	0	-15	-12	-19	0	-1	0	-118
Others ⓘ	0	0	0	4	1	7	29	6	4	-1
Cash Flow From Financing Activityⓘ	0	0	-15	215	-39	20	-21	-30	-8	76
Net Proceeds from Shares ⓘ	0	0	0	0	56	50	0	0	0	1
Net Proceeds from Borrowing ⓘ	0	0	-12	218	-126	-22	-17	-26	5	18
Interest Paid ⓘ	0	0	-3	-3	-6	-6	-4	-4	-9	-5
Dividend Paid ⓘ	0	0	0	0	0	-1	0	0	-4	-2
Others ⓘ	0	0	0	0	37	0	0	0	0	65
Net Cash Flow ⓘ	0	0	0	203	-57	-19	-56	-30	-7	-14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	2.26	-1.21	31.13	21.56	15.62	11.9	13.95	13.19	5.57	8.8
ROCE (%)	6.8	-0.95	45.45	14.78	11.54	11.93	16.08	16.68	8.93	12.36
Asset Turnover Ratio	0.08	0	3.45	1.06	0.89	0.92	1.45	2.07	2.54	2.41
PAT to CFO Conversion(x)	N/A	N/A	1.5	0.68	1.08	0.41	0.48	0.72	2.88	2.93
Working Capital Days
Receivable Days	0	0	46	45	37	43	31	22	16	12
Inventory Days	0	0	31	42	49	60	41	35	36	34
Payable Days	0	0	20	52	52	66	59	33	44	59

Apollo Pipes Ltd Stock News

Apollo Pipes Ltd FAQs

What is the share price of Apollo Pipes?

Company share prices are keep on changing according to the market conditions. The closing price of Apollo Pipes on 13-Nov-2024 11:47 is ₹482.2.

What is the market cap of Apollo Pipes?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Nov-2024 11:47 the market cap of Apollo Pipes stood at ₹2,204.6.

What is the P/E ratio of Apollo Pipes?

The latest P/E ratio of Apollo Pipes as of 13-Nov-2024 11:47 is 71.23.

What is the P/B ratio of Apollo Pipes?

The latest P/B ratio of Apollo Pipes as of 13-Nov-2024 11:47 is 3.24.

What is the 52-week high and low of Apollo Pipes?

The 52-week high of Apollo Pipes is ₹798.9 and the 52-week low is ₹477.0.

What is the TTM revenue of Apollo Pipes?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apollo Pipes is ₹908.2 ( Cr.) .

About Apollo Pipes Ltd

Apollo Pipes Limited (formerly known as Amulya Leasing and Finance Limited) incorporated on December 9, 1985 is engaged in the manufacturing and trading of PVC Pipes and Fittings. The company is headquartered in Delhi and among the market leader in piping and related products segment under brand name of APL Apollo. The company cherishes a strong reputation for the high quality products and strong distribution network.

With many decades of experience in the Indian Pipe Market, the company witnessed the strong fundamentals for growth in the pipe industry in India. APL has witnessed higher growth to best quality management practices and supplemented with increase in sales due to best quality management duly supplemented with serving the customers with utmost sincerity. Outstanding competence, extraordinary team spirit and visionary management are the key contributors to its success.

The company started manufacturing U-PVC Pipes in the year 2000, with a capacity of 3600 MT per annum. Since then, the company has undergone massive manufacturing and distribution expansion and a wide range of other high-end related products.

APL has plants located at Dadri and Sikanderabad in Uttar Pradesh. It has the largest manufacturing unit at a single location under one roof in North India. The plants are equipped with the state-of-the-art infrastructure and testing equipment’s with 100% power backup. The plants use flexible manufacturing techniques, greener technologies and modern machinery. The workers perform under highest safety and regulatory standards to produce world class products.

Business area of the company

The company is one of the major piping solutions providing company with strong brand value Domestically & Internationally. Today, it has a PAN India footprint with strong customer hold in Northern India. The company manufactures CPVC, PVC, and HDPE pipes & fittings of the highest quality. It also has the most versatile Products range right from 15mm to 400mm diameter. Continuous working to feed market with best piping solution led to fastest expansion of fittings in APL and now commands market PVC fittings manufacturer in North India.

The company’s products are applicable for variety of applications in high importance sectors such as: APL is participating irrigating millions of hectares of cultivable land of India through PVC pipes, Casing pipes, Column Pipes and Sprinkler piping solutions. The company’s products meet the requirements for infrastructure sectors like Transport of Oil and Gas transmission. To meet demand from this sector APL provides solution through HDPE pipes and fittings, PLB Ducts, PVC pipes.

Products

Plumbing Pipes & Fittings

CPVC Pipes & Fittings
uPVC Pipes & Fittings (Threaded & Non-Threaded)
SWR Pipes & Fittings
UDG Pipe

Irrigation Pipes & Fittings

HDPE Pipes Manufacturers
Sprinkler System Manufacturers

Agricultural Pipes & Fittings

uPVC Pressure Pipes & Fittings
uPVC Column Pipes
Agriculture Pipes & Fittings

Solvent Cement

Solvent Cement

Faucets/Showers/Allied

Faucets
Showers
Allied

Milestones

2000:

Commenced PVC pipe manufacturing operations
Established 3,000 MTPA plant in Sikanderabad, UP

2005-2010:

Started manufacturing HDPE pipes
Set up new plant at Dadri, UP, with installed capacity of 21000 MTPA
Became the first to start manufacturing of patented uPVC column pipes in North India

2013-15:

Started manufacturing uPVC Plumbing Fittings with 180 MTPA capacity
Commenced manufacturing cPVC Pipes and Fittings using Remone, France resin
Started manufacturing uPVC agri and SWR Fittings

2016:

First in North India to install 900 kg/hr PVC extrusion line
Expanded capacity by 10,000 MTPA; taking the total available capacity to 50, 000 MTPA

2017:

Installed capacity of moulding division enhanced to 2,700 MTPA
Emerged as the largest plastic piping solution company

2018:

Purchased a land with a building in Noida to develop the Apollo Pipes corporate office
Introduced a brand-new product range of premium plastic faucets, taps, showers and accessories

2019:

Concluded promoter infusion of H202 crore through issuance of equity shares and fully convertible warrants on preferential basis
Concluded the strategic acquisition of Kisan Mouldings Limited, a manufacturing unit in Bengaluru
Listed Company’s shares on NSE