Apollo Pipes Ltd - Stock Valuation and Financial Performance

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

Apollo Pipes Share Price

557 -17.25 -3.00%
as on 07-Oct'24 16:01

DeciZen - make an informed investing decision on Apollo Pipes

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Apollo Pipes stock performance -

mw4me loader
P/E Ratio (SA):
58.43
Market Cap:
2,301.9 Cr.
52-wk low:
539.1
52-wk high:
798.9

Is Apollo Pipes Ltd an attractive stock to invest in?

1. Is Apollo Pipes Ltd 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.

2. Is Apollo Pipes Ltd 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.

3. Is Apollo Pipes Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Apollo Pipes Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 6.8%-1%45.5%14.8%11.5%11.9%16.1%16.7%8.9%12.4%-
Value Creation
Index
-0.5-1.12.30.1-0.2-0.20.20.2-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.80241284362408518784915977957
Sales YoY Gr.--100%NA18%27.2%12.8%27%51.4%16.6%6.9%-
Adj EPS 0.1-0.14.55.87.17.510.912.66.110.49.5
YoY Gr.--157.1%NA28.6%22.8%6%45.7%15.1%-51.2%69.8%-
BVPS (₹) 6.46.327.634.253.772.889.3102.6115.8129.3152.3
Adj Net
Profit
0.2-0.114.81925.429.442.949.424.140.939
Cash Flow from Ops. 9.6-0.223.915.425.812.420.936.368.7123-
Debt/CF from Ops. 0-2.50.815.44.47.231.10.60.5-

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%
BVPS39.8%19.2%13.2%11.7%
Share Price 32% 34.4% -4.2% -19.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.3-1.229.318.614.8111313.15.67.96.8
Op. Profit
Mgn %
82.2012.711.61111.814.411.97.69.89.8
Net Profit
Mgn %
2806.16.777.28.36.32.64.24.1
Debt to
Equity
00.10.22.10.60.30.20.10.10.1-
Working Cap
Days
2,2720511151181359778675955
Cash Conv.
Cycle
0022474553253118-119

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 6.80%

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

Sales growth is not so good in last 4 quarters at 0.99%

Latest Financials - Apollo Pipes Ltd.

Standalone Consolidated
TTM EPS (₹) 9.5 10.3
TTM Sales (₹ Cr.) 957 987
BVPS (₹.) 152.3 153.1
Reserves (₹ Cr.) 589 592
P/BV 3.65 3.64
PE 58.43 53.98
From the Market
52 Week Low / High (₹) 539.10 / 798.85
All Time Low / High (₹) 0.44 / 798.85
Market Cap (₹ Cr.) 2,302
Equity (₹ Cr.) 41.4
Face Value (₹) 10
Industry PE 40.4

Management X-Ray of Apollo Pipes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Apollo Pipes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales10241284362408518784915977
Operating Expenses 00210251323361444691846881
Manufacturing Costs001820222328374858
Material Costs00176203262289362573693705
Employee Cost 00914212629415261
Other Costs 00815172325395357
Operating Profit 103133394774936996
Operating Profit Margin (%) 82.2%-12.7%11.6%10.9%11.4%14.4%11.9%7.5%9.8%
Other Income 002812108424
Interest 0043665496
Depreciation 0057101318262830
Exceptional Items 0000-200000
Profit Before Tax 002431343861673364
Tax 00891091617922
Profit After Tax 001622242944502442
PAT Margin (%) 28.0%-6.5%7.8%6.6%7.0%8.6%6.3%2.6%4.3%
Adjusted EPS (₹)0.1-0.14.76.76.77.311.312.76.110.8
Dividend Payout Ratio (%)0%0%0%0%5%0%0%8%10%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 10991113193286351404455509
Share Capital 551111121313393939
Reserves 5480102181273338364416470
Minority Interest0000000000
Debt0018155977852294361
Long Term Debt0012151703018900
Short Term Debt0064264834204361
Trade Payables00193936684855112117
Others Liabilities 00181027459566952136
Total Liabilities 1010146409400491507557662824

Fixed Assets

Gross Block0094110157207291332404497
Accumulated Depreciation00253140537095123152
Net Fixed Assets007079117154221236281345
CWIP 0001512308768
Investments 101001000440170
Inventories002344528278132171160
Trade Receivables003439365963716652
Cash Equivalents 00120514712872423520
Others Assets001828353765656467
Total Assets 1010146409400491507557662824

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 10024152612213669123
PBT 002431363861673364
Adjustment 00862917273633
Changes in Working Capital 9-0-2-10-2-26-43-421543
Tax Paid 00-6-12-11-8-13-16-14-18
Cash Flow From Investing Activity -100-9-27-44-52-56-37-68-214
Capex 00-9-16-33-40-84-41-73-94
Net Investments -1000-15-12-190-10-118
Others 0004172964-1
Cash Flow From Financing Activity 00-15215-3920-21-30-876
Net Proceeds from Shares 000056500001
Net Proceeds from Borrowing 00-12218-126-22-17-26518
Interest Paid 00-3-3-6-6-4-4-9-5
Dividend Paid 00000-100-4-2
Others 000037000065
Net Cash Flow 000203-57-19-56-30-7-14
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.26-1.2131.1321.5615.6211.913.9513.195.578.8
ROCE (%)6.8-0.9545.4514.7811.5411.9316.0816.688.9312.36
Asset Turnover Ratio0.0803.451.060.890.921.452.072.542.41
PAT to CFO Conversion(x)N/AN/A1.50.681.080.410.480.722.882.93
Working Capital Days
Receivable Days004645374331221612
Inventory Days003142496041353634
Payable Days002052526659334459

Apollo Pipes Ltd Stock News

Apollo Pipes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Apollo Pipes on 07-Oct-2024 16:01 is ₹557.0.
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 07-Oct-2024 16:01 the market cap of Apollo Pipes stood at ₹2,301.9.
The latest P/E ratio of Apollo Pipes as of 07-Oct-2024 16:01 is 58.43.
The latest P/B ratio of Apollo Pipes as of 07-Oct-2024 16:01 is 3.65.
The 52-week high of Apollo Pipes is ₹798.9 and the 52-week low is ₹539.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apollo Pipes is ₹957.0 ( 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
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