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Highlights
- Sales over the Year and quarter: The company’s sales declined by -2.44 % over the year, substantial increase in net sales/revenue by 10.93 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -54.17 %, Marginal decrease of -69.72% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for APOLLO PIPES LIMITED. Profit dropped by -56.63 % Year to Year, APOLLO PIPES LIMITED’s profitability dropped by -28.22 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -56.81 % Year to Year. EPS decreased by -28.57 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 251.936 Cr | Rs. 221.564 Cr | Rs. 245.787 Cr | + 10.93 % | -2.44 % |
| Expenses | Rs. 222.51 Cr | Rs. 201.43 Cr | Rs. 220.87 Cr | + 9.65 % | -0.74 % |
| Operating Profit | Rs. 29.43 Cr | Rs. 20.13 Cr | Rs. 24.92 Cr | + 23.8 % | -15.32 % |
| OPM % | 11.68 % | 9.09 % | 10.14 % | + 1.05 % | -1.54 % |
| Other Income | Rs. 0.72 Cr | Rs. 1.09 Cr | Rs. 0.33 Cr | -69.72 % | -54.17 % |
| Interest | Rs. 2.44 Cr | Rs. 1.39 Cr | Rs. 1.48 Cr | + 6.47 % | -39.34 % |
| Depreciation | Rs. 7.56 Cr | Rs. 7.5 Cr | Rs. 8.34 Cr | + 11.2 % | + 10.32 % |
| Profit before tax | Rs. 20.15 Cr | Rs. 12.33 Cr | Rs. 15.43 Cr | + 25.14 % | -23.42 % |
| Tax % | 25.42 % | 26.36 % | 57.75 % | + 31.39 % | + 32.33 % |
| Net Profit | Rs. 15.03 Cr | Rs. 9.08 Cr | Rs. 6.52 Cr | -28.19 % | -56.62 % |
| EPS in Rs | Rs. 3.82 | Rs. 2.31 | Rs. 1.65 | -28.57 % | -56.81 % |
Today, we’re looking at APOLLO PIPES LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -2.44 %. However, it did see a marginal increase of 10.93 % from the previous quarter. Expenses ticked up slightly by 9.65 % quarter-on-quarter, aligning with the annual decline of -0.74 %. Operating profit, while down -15.32 % compared to last year, faced a quarter-on-quarter increase of 23.8 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.54 %, but an expansion of 1.05 % sequentially. Other income fell by -69.72 % compared to the last quarter, despite an annual decline of -54.17 %. Interest expenses surged remarkably by 6.47 % from the previous quarter, yet the year-over-year decrease remains at a moderate -39.34 %. Depreciation costs climbed by 11.2 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.32 %. Profit before tax declined annually by -23.42 % but saw an increase from the preceding quarter by 25.14 %.
Tax expenses as a percentage of profits increased slightly by 32.33 % compared to last year, with a more notable quarter-on-quarter increase of 31.39 %. Net profit fell by -56.62 % year-on-year but witnessed a -28.19 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -56.81 % but a quarterly fall of -28.57 %. In summary, APOLLO PIPES LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 251.936 Cr | Rs. 221.564 Cr | Rs. 245.787 Cr | + 10.93 % | -2.44 % |
| Expenses | Rs. 222.51 Cr | Rs. 201.43 Cr | Rs. 220.87 Cr | + 9.65 % | -0.74 % |
| Operating Profit | Rs. 29.43 Cr | Rs. 20.13 Cr | Rs. 24.92 Cr | + 23.8 % | -15.32 % |
| Net Profit | Rs. 15.03 Cr | Rs. 9.08 Cr | Rs. 6.52 Cr | -28.19 % | -56.62 % |
| EPS in Rs | Rs. 3.82 | Rs. 2.31 | Rs. 1.65 | -28.57 % | -56.81 % |
In reviewing APOLLO PIPES LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.44 % year-on-year, however, there was a minor increase of 10.93 % from the previous quarter. Expenses decreased by -0.74 % compared to the previous year, with a 9.65 % increase quarter-on-quarter. Operating Profit dropped by -15.32 % annually, and saw a 23.8 % increase from the last quarter.
Net Profit showed yearly decrease of -56.62 %, and experienced a -28.19 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -56.81 % annually, however dipped by -28.57 % compared to the last quarter. In essence, while APOLLO PIPES LIMITED faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
-2
3-Year Profit
11
5-Year Profit
61
10-Year Profit
642
Current Price
2,656
Market Cap
The company associated with BSE code 531761 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 11 percents, which subsequently rose to -2 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 36 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 34 percents over the last five years, it has recently dropped to -17 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 32 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
With a market capitalization of ₹2,656 crore, the company’s stock is currently trading at ₹642, having fluctuated within a range of ₹799 / 539 over the years. The stock's P/E ratio of 62.5 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹129, representing the total value of its assets on a per-share basis, while the dividend yield of 0.16% offers a modest return to shareholders. ROCE, at %, highlights the company's efficient use of capital in generating profits, while ROE at % underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 0.14 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹-153 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 2.00 suggests moderate financial strength, while the Graham Number, pegged at ₹178, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 4.96 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
