APOLLO PIPES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 632.2 INR | +1.90% |
|
-3.19% | -7.70% |
| 14/06 | ICRA Raises Rating on Apollo Pipes' Bank Loans to A+; Revises Outlook to Stable | MT |
| 21/05 | Transcript : Apollo Pipes Limited, Q4 2024 Earnings Call, May 21, 2024 |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,759 | 3,170 | 12,942 | 19,055 | 21,560 | 26,143 | - | - |
| Enterprise Value (EV) 1 | 5,726 | 2,585 | 12,742 | 19,022 | 21,656 | 25,031 | 25,323 | 25,557 |
| P/E ratio | 23.2 x | 12.3 x | 29.1 x | 38.3 x | 90.2 x | 60.3 x | 39.8 x | 27.6 x |
| Yield | - | - | - | 0.21% | 0.11% | 0.22% | 0.26% | 0.38% |
| Capitalization / Revenue | 1.32 x | 0.78 x | 2.5 x | 2.43 x | 2.36 x | 2.56 x | 1.87 x | 1.48 x |
| EV / Revenue | 1.58 x | 0.63 x | 2.46 x | 2.43 x | 2.37 x | 2.56 x | 1.81 x | 1.45 x |
| EV / EBITDA | 14.6 x | 5.58 x | 17.1 x | 20.4 x | 31.8 x | 26.3 x | 18.9 x | 13.6 x |
| EV / FCF | -29 x | -5.51 x | -41.9 x | -317 x | -537 x | -42.3 x | -16.4 x | -35.3 x |
| FCF Yield | -3.44% | -18.1% | -2.39% | -0.32% | -0.19% | -2.37% | -6.09% | -2.83% |
| Price to Book | 2.07 x | 1.03 x | 3.68 x | 4.7 x | 4.72 x | 3.93 x | 3.25 x | 2.96 x |
| Nbr of stocks (in thousands) | 35,953 | 39,328 | 39,328 | 39,328 | 39,328 | 41,353 | - | - |
| Reference price 2 | 132.4 | 80.60 | 329.1 | 484.5 | 548.2 | 632.2 | 632.2 | 632.2 |
| Announcement Date | 25/05/19 | 02/05/20 | 04/05/21 | 06/05/22 | 08/05/23 | 20/05/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,618 | 4,080 | 5,181 | 7,841 | 9,145 | 9,771 | 14,014 | 17,638 |
| EBITDA 1 | 391.6 | 463.5 | 743 | 934 | 680.3 | 953.5 | 1,341 | 1,878 |
| EBIT 1 | 294.6 | 336.5 | 567 | 676.9 | 396.4 | 656.1 | 897.5 | 1,353 |
| Operating Margin | 8.14% | 8.25% | 10.94% | 8.63% | 4.33% | 6.71% | 6.4% | 7.67% |
| Earnings before Tax (EBT) 1 | 339.3 | 377.2 | 606.7 | 672 | 327.4 | 644.4 | 907.2 | 1,357 |
| Net income 1 | 239.3 | 285.3 | 444.7 | 497.6 | 239.1 | 424.4 | 692.7 | 965.4 |
| Net margin | 6.61% | 6.99% | 8.58% | 6.35% | 2.62% | 4.34% | 4.94% | 5.47% |
| EPS 2 | 5.707 | 6.570 | 11.31 | 12.65 | 6.080 | 10.54 | 15.88 | 22.88 |
| Free Cash Flow 1 | -197.2 | -469 | -304.1 | -59.98 | -40.3 | -616 | -1,543 | -723 |
| FCF margin | -5.45% | -11.5% | -5.87% | -0.76% | -0.44% | -6.05% | -11.01% | -4.1% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | 1.000 | 0.6000 | 1.400 | 1.650 | 2.375 |
| Announcement Date | 25/05/19 | 02/05/20 | 04/05/21 | 06/05/22 | 08/05/23 | 20/05/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 2,082 | 1,908 | 2,475 | - | 2,070 | 2,367 | 2,519 | 2,603 | 2,496 | 2,497 | 2,649 |
| EBITDA 1 | - | 259.5 | 216.3 | 284 | - | 24.91 | 160.8 | 294.3 | 261.7 | 283.7 | 247.8 | 283.6 |
| EBIT | - | 197.7 | 149.8 | 212.3 | - | - | 86.62 | 218.7 | - | - | 113 | 169 |
| Operating Margin | - | 9.5% | 7.85% | 8.58% | - | - | 3.66% | 8.68% | - | - | 4.52% | 6.38% |
| Earnings before Tax (EBT) 1 | - | 191.8 | 153.9 | 205.5 | - | - | 66.13 | 201.5 | 191.7 | 187 | 225 | 262 |
| Net income 1 | 87.51 | 140.5 | 113.6 | 156 | 88.26 | -48.04 | 48.65 | 150.3 | 139.2 | 154 | 129.2 | 147.5 |
| Net margin | - | 6.75% | 5.95% | 6.3% | - | -2.32% | 2.06% | 5.96% | 5.35% | 6.17% | 5.18% | 5.57% |
| EPS | - | 3.570 | 2.890 | 3.970 | - | - | 1.240 | 3.820 | - | - | 2.100 | 3.200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 26/07/21 | 22/10/21 | 24/01/22 | 06/05/22 | 26/07/22 | 12/11/22 | 24/01/23 | 08/05/23 | 25/07/23 | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 967 | - | - | - | 96.4 | - | - | - |
| Net Cash position 1 | - | 584 | 200 | 32.6 | - | 106 | 820 | 586 |
| Leverage (Debt/EBITDA) | 2.469 x | - | - | - | 0.1417 x | - | - | - |
| Free Cash Flow 1 | -197 | -469 | -304 | -60 | -40.3 | -616 | -1,543 | -723 |
| ROE (net income / shareholders' equity) | 14% | 10.6% | 13.5% | 13.2% | 5.55% | 9.78% | 9.08% | 10.4% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 63.90 | 77.90 | 89.40 | 103.0 | 116.0 | 161.0 | 194.0 | 214.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 455 | 593 | 618 | 423 | 728 | 1,421 | 2,033 | 1,755 |
| Capex / Sales | 12.58% | 14.55% | 11.94% | 5.4% | 7.96% | 13.95% | 14.51% | 9.95% |
| Announcement Date | 25/05/19 | 02/05/20 | 04/05/21 | 06/05/22 | 08/05/23 | 20/05/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.70% | 31Cr | |
| -1.52% | 1.99TCr | |
| +14.26% | 1.25TCr | |
| +24.81% | 778.27Cr | |
| +6.57% | 333.46Cr | |
| +7.14% | 250.81Cr | |
| +54.24% | 242.8Cr | |
| -23.53% | 131.9Cr | |
| -9.22% | 92Cr | |
| -11.31% | 70Cr |
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- APOLLOPIPE Stock
- Financials Apollo Pipes Limited
