Stock Name : Apollo Pipe/Tips Open Buy : 687 Posted Date : Dec 3, 2020
Stopless/Horizon : 653 Target : 791 Results Achieved (Yes/No) :

Overview: Apollo Pipes limited is a Small Cap company with a market capital of Rs 872.56 Crore.The company is engaged in the manufacturing and trading of PVC Pipes and Fittings. Apollo Pipes is among the top and leading piping solutions providing company in North India.

About the company:The company started manufacturing U-PVC Pipes in 2000. The product portfolio is diverse and includes uPVC Pipes, Ribbed Screen Pipes, Casing Pipes (CM & CS), uPVC Column Pipes & Plumbing Systems, HDPE Pipes, Ducts & Sprinkler Systems, PPR Plumbing Pipes, PTMT taps, Health Faucets, a complete range of Bath Fittings and Accessories, Water tanks, Adhesives, and much more.

Apollo Pipes Limited’s corporate office is in Noida. The company has manufacturing units in Uttar Pradesh, Gujrat and Karnataka, all the plants are equipped with the state-of-the-art infrastructure and testing equipment’s with 100% power backup.The group owns the largest company owned &operated network of Warehouses-sum-Sales offices across the country.

In the inception, the company started manufacturing U-PVC Pipeswith a capacity of 3600 MT per annum. Since then, the company had undergone a massive manufacturing and distribution expansion to 2400 MT per annum of CPVC Pipes and a wide range of other high-end related products. In total, the company has 19 Extrusion lines with a capacity of consuming 60,000 tons polymers annually.

Apollo Pipes’ sales volumes in Q2FY21 is higher by 19% to 12,268 MT as compared to 10,306 MT in the previous year’s same quarter.

Management: Mr Sameer Gupta is the Founder &Managing Director of the company.Apollo Pipes limited is a part of the Sudesh group.

Shareholding Pattern (September 2020):
• Promoters: 52.03%
• Foreign Institutions: 4.38%
• NBFC and Mutual Funds : 8.17%
• Others: 6.16%
• General Public: 27.34%
• Financial Institutions: 1.91%

Sales Report:For the quarter ended 30th September 2020, Apollo Pipes posted a Standalone sale of Rs 123.30 Crore, which is up 33.29 % from last quarter Sales of Rs 92.51 Crore and up by 27.82 % from the last year’scorresponding period Sales of Rs 96.47 Crore.

The Company has reported net profit after tax of Rs 9.50 Crore in latest quarter.

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