Apollo Pipes Share Price

Overview 

Apollo Pipes Limited, with its corporate operations in Noida, functions as a manufacturer and supplier of plastic pipes and fittings in India and internationally. Apollo Pipes Limited provides a comprehensive range of piping solutions, including chlorinated polyvinyl chloride, unplasticized polyvinyl chloride, and high-density polyethylene pipes, water storage tanks, PVC taps, fittings, and solvents. Apollo Pipes share price on NSE and BSE signifies how market participants react to the company’s operational performance and the overall developments in the plastic pipes sector. The company’s financial health depends on domestic infrastructure spending, government initiatives like Jal Jeevan Mission and Housing for All, raw material PVC prices, distribution network expansion, and the performance of its various customer segments spanning agriculture, water management, construction, infrastructure, and telecom ducting industries. 

Apollo Pipes stock price is influenced by various factors such as earnings, fluctuations in PVC resin prices, regulatory changes in the international trade environment, and competitive dynamics in the organised pipes market. In the longer run, strategies such as expanding manufacturing capacity, diversifying product portfolios, and deepening distribution networks affect the stock market sentiments. All these factors need to be monitored closely to have an idea about the company’s stock price movements. 

Apollo Pipes live share price provides real time information about the last price traded, bid and ask prices, and volume traded. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and sector news. Constant monitoring of the Apollo Pipes live price helps in observing short term price volatility and shows how a stock moves relative to the broader BSE SmallCap index. 

Furthermore, monitoring Apollo Pipes stock price movements helps investors understand real time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short term performance, and respond to news, quarterly results, or sector trends that may influence the company’s valuation and overall investment outlook. 

Apollo Pipes Limited Company Fundamentals 

A. Company Background

Apollo Pipes Limited was incorporated in 1985 and was formerly known as Amulya Leasing and Finance Limited before changing its name to Apollo Pipes Limited. The company is engaged in manufacturing and trading of plastic pipes, fittings and allied products. It operates primarily in the plastic pipes and fittings segment, supplying solutions such as cPVC, uPVC, and HDPE pipes, water storage tanks, PVC taps, fittings, solvents, and bath fittings. Its operations are based in India, with manufacturing facilities located across the country, while corporate functions are managed from its administrative offices in Noida, Uttar Pradesh. Over time, the company has established itself among the top 10 leading piping solution providing companies in India. 

B. Company Product Lines

• Pipes and Fittings Division 

• Manufactures cPVC, uPVC, and PPR-C plumbing systems, uPVC pressure pipes and fittings, uPVC SWR drainage system, HDPE pipes, coils, and sprinkler systems, underground drainage pipes, column pipes, casing pipes, PVC-O pipes, and garden pipes. 

• Water Storage and Allied Products 

• Offers water storage tanks, solvent cement, kitchen sinks, PVC taps, and fittings. 

• Bath Fittings Division 

• Provides bath fittings including faucets, showers, health faucets, cisterns, seat covers, accessories, and allied products. 

The product portfolio is structured to serve both domestic clients across multiple industry verticals including agriculture, water management, construction, infrastructure, and telecom ducting. 

C. Company Revenue Model

• Domestic Sales 

• Revenue generated through plastic pipe and fitting sales to Indian clients across agriculture, construction, infrastructure, and water management sectors. 

• Institutional and Bulk Contracts 

• Supply agreements with government entities, public sector undertakings, infrastructure companies, and real estate developers. 

• Distribution Network Sales 

• Revenue from a wide network of dealers, distributors, and retail channels across India. 

Revenue performance is primarily influenced by domestic infrastructure spending, government initiatives, PVC resin prices, competitive dynamics, and distribution reach. 

D. Geographic Presence

• Global Headquarters 

• Primary administrative and management functions based in Noida, Uttar Pradesh, India. 

• Major Manufacturing Facilities 

• Manufacturing operations across multiple locations in India. 

• Distribution Network 

• Extensive distribution network covering domestic markets across India. 

• Export Markets 

• Products are supplied to international clients in select global markets depending on demand conditions. 

E. Key Milestones

• 1985 – Incorporation: Apollo Pipes Limited was incorporated as Amulya Leasing and Finance Limited. 

• 2009 – Stock Exchange Listing: Apollo Pipes was listed on the National Stock Exchange and Bombay Stock Exchange. 

• 2018 – Security Listing: New securities of Apollo Pipes were listed and permitted for trading on the exchange. 

• 2020 – Name Change: The company changed its name from Amulya Leasing and Finance Limited to Apollo Pipes Limited. 

• 2025 – Revenue Growth: The company’s consolidated revenue from operations increased by 19.73% from ₹98,694.74 Lakh to ₹1,18,163.54 Lakh. 

• 2026 – Promoter Stake Increase: Promoters increased holdings from 46.84% to 51.72%. 

• 2026 – Amalgamation Scheme: Board meeting scheduled to consider approval of a Scheme of Arrangement for amalgamation involving KML Tradelinks Private Limited, Kisan Mouldings Limited and Apollo Pipes Limited. 

F. Industry Perspective

The plastic pipes industry, where Apollo Pipes Limited operates, is a critical segment of the Indian manufacturing sector. The global plastic pipes market was valued at approximately US$60-70 billion in 2024 and is projected to grow at a compound annual growth rate of 5-7% over the next five years. The India plastic pipes market is valued at approximately US$7.40 billion in 2025 and is projected to reach approximately US$16.54 billion by 2031, exhibiting a robust CAGR of 14.18%. India’s plastic piping market is estimated at around INR 600-650 billion, with a projected growth rate of 10-12% CAGR over FY25-30. The market is expected to cross INR 500 billion in FY2025 and grow at 10-12% in the medium term. The PVC pipes segment, which dominates the Indian market, is expected to witness sustained double-digit growth of 10-12% year-on-year in fiscal 2025, following impressive growth rates of 15% and 24% in fiscals 2024 and 2023 respectively. The industry has witnessed an impressive 8% CAGR over the past decade from FY15 to FY24. Growth is supported by government initiatives such as Jal Jeevan Mission, Swachh Bharat Abhiyan, and Housing for All, alongside rising agricultural and replacement demand. The sector is shifting from a traditionally fragmented and agriculture-focused ecosystem towards a more organised ecosystem catering to water supply, sanitation, plumbing, and industrial applications. However, pricing pressure, volatile PVC prices, subdued infrastructure spending, liquidity challenges, and intense competition remain key industry challenges. 

Apollo Pipes Limited Stock Market Presence: Listings & Index Representation 

Apollo Pipes Limited is listed on the National Stock Exchange (NSE) under the ticker symbol APOLLOPIPE and on the Bombay Stock Exchange (BSE) with the scrip code 531761. Apollo Pipes share price is actively traded on both exchanges, making it one of the closely followed small-cap plastic stocks in India. The company has established a presence in the Indian equity market, with Apollo Pipes share price frequently monitored by retail investors seeking exposure to the plastic pipes and fittings sector. 

As a small-cap plastic products company by market capitalisation, Apollo Pipes Limited is a constituent of several indices, including the BSE SmallCap Index, BSE AllCap Index, and various sectoral indices tracking the plastic products sector. The Apollo Pipes stock price carries weight in these indices, reflecting the company’s position in the Indian plastic pipes sector and its influence on broader market performance within the small-cap space. Investors often track Apollo Pipes stock price alongside major benchmark indices to evaluate the company’s performance relative to its peers and the overall market. 

The company’s index representation enhances its visibility among domestic investors, including retail investors, high-net-worth individuals, and proprietary trading desks. Owing to its small-cap market capitalisation, liquidity profile, and operational performance, Apollo Pipes Limited is regarded as a player in India’s plastic pipes industry. Its stock remains a component in diversified small-cap investment portfolios, while movements in the company’s share value are often viewed as an indicator of broader trends within the Indian plastic pipes and fittings sector. 

Apollo Pipes Limited Stock Performance and Share Price History 

Apollo Pipes share price on the NSE reflects the company’s position as a manufacturer and supplier of plastic pipes and fittings in India. The performance of Apollo Pipes stock price is primarily influenced by domestic infrastructure spending, government initiatives, PVC resin prices, distribution network expansion, competitive dynamics, and growth in agriculture, construction, water management, and telecom ducting segments. Investors closely monitor Apollo Pipes share price alongside other small-cap plastic companies to assess the sector’s relative performance and valuation. Earnings announcements, management guidance and macroeconomic developments continue to influence Apollo Pipes share price across different market cycles. 

Investors closely monitor the Apollo Pipes stock price to evaluate the company’s competitive position within the Indian plastic sector and compare its performance with other small-cap plastic companies. Earnings announcements, management guidance, and domestic macroeconomic developments remain key factors influencing investor expectations. 

Corporate initiatives, including capacity expansion, product portfolio diversification, and distribution network strengthening, have also shaped expectations surrounding Apollo Pipes share price. Although these strategic initiatives strengthen the company’s long-term outlook, they may trigger short-term volatility depending on client spending trends and raw material prices. The Apollo Pipes stock price is also influenced by factors such as PVC resin price fluctuations, operating margin trends, and the pace of infrastructure spending by the government. Strong order inflows and consistent execution often support the company’s valuation over the long term. 

While day-to-day movements are generally driven by news flow and quarterly earnings, long-term valuation is better assessed through annual highs and lows, which reflect changes in plastic demand, earnings visibility, and overall business performance. As a result, Apollo Pipes stock price continue to be closely tracked by domestic investors seeking exposure to India’s plastic pipes sector. 

As of mid-2026, Apollo Pipes share price trades around ₹488-511, compared with its 52-week high of ₹554.00, while the 52-week low stands at ₹252.10, indicating a significant recovery from the lows. The stock has shown substantial volatility, trading within a wide range over the past year. Despite the volatility, Apollo Pipes share price continues to exhibit characteristics consistent with small-cap plastic stocks because of the company’s exposure to cyclical end-markets, raw material price fluctuations, and competitive pressures. 

The company’s revenue performance remains closely linked to domestic infrastructure spending and government initiatives. Strong government spending on water supply, sanitation, and housing projects has historically supported Apollo Pipes share price, whereas slower project execution, reduced government spending and pricing pressure have resulted in periods of consolidation. In addition, higher raw material costs and competitive pressures have periodically weighed on Apollo Pipes share price. 

Apollo Pipes stock price also responds to broader market sentiment, quarterly earnings and management commentary. Historically, Apollo Pipes stock price has remained sensitive to PVC resin prices, import duties, currency fluctuations and domestic economic conditions. Changes in investor sentiment, lower infrastructure budgets and margin compression have periodically affected Apollo Pipes stock price, while continued investments in capacity expansion, product diversification and distribution network development remain important long-term drivers for Apollo Pipes stock price. 

Examining the long-term trend, Apollo Pipes share price has delivered substantial wealth creation despite periodic corrections driven by economic cycles and industry conditions. Based on available annual return data, Apollo Pipes share price delivered exceptional performance in 2021 with a return of 128.04%, driven by strong infrastructure spending and increased plastic pipe demand. The stock delivered a return of 105.26% in 2020, demonstrating resilience during the pandemic. In 2019, the stock showed a muted performance with a 0.00% return. The year 2022 saw a decline of 4.07%, while 2023 delivered a strong recovery with a return of 32.35%. However, 2024 witnessed a significant correction of 32.28%, and 2025 continued the downward trend with a decline of 36.62%. In 2026 year-to-date, the stock has shown a return of 50.36% as of April 2026. Over the 2016-2025 period, Apollo Pipes share price generated an approximate CAGR of 27.4% over 9 years, highlighting substantial long-term value creation despite periodic corrections. 

From a seasonality perspective, Apollo Pipes share price has generally performed better during certain months of the year. Historical data indicates that March, April, May, July, August, September, October, and November have typically seen positive momentum, while January, February, June, and December have frequently witnessed consolidation. The stock has shown strong performance in March 2021 with a return of 40.43% and in October 2020 with a return of 43.27%. 

Performance analysis shows that Apollo Pipes share price generally benefits from increased government infrastructure spending and stable PVC resin prices. Conversely, higher raw material costs, pricing pressure and intense competition can compress operating margins and influence investor sentiment. During the recent correction, Apollo Pipes share price declined from its 52-week high of ₹554.00 to lows around ₹252.10, before recovering to current levels, reflecting a significant valuation reset and subsequent recovery. Nevertheless, the company’s established manufacturing capabilities, diversified product portfolio and presence in the growing plastic pipes sector continue to support its long-term investment profile. 

Over the last 10 years, Apollo Pipes Limited has delivered a cumulative return of approximately 17,491.59% since IPO, substantially outperforming the Nifty 50, Sensex, the industry, and the sector over the same period. This long-term performance indicates that while the company has remained a player in the plastic pipes industry, Apollo Pipes share price has generated significantly higher returns than broader equity benchmarks and the plastic sector over the past decade. 

The outperformance has also been evident across shorter investment horizons. Apollo Pipes stock price gained approximately 10.90% over the past year, compared with benchmark index performance. Over the three-year period, the stock delivered returns of -33.40%, while over the five-year period, the stock delivered returns of 42.90%. These figures highlight the volatile but ultimately positive medium-term performance of Apollo Pipes share price compared with its peers and the overall market. 

Despite the longer-term outperformance, recent trading activity has shown signs of volatility. Apollo Pipes stock price has experienced fluctuations over the past week and month, reflecting the broader volatility in small-cap plastic stocks. Although the stock has seen occasional rebounds, the recent volatility suggests ongoing uncertainty. Investors continue to monitor Apollo Pipes share price closely to assess whether any recovery can be sustained amid evolving demand for plastic pipes, corporate earnings performance, and domestic macroeconomic conditions. 

Apollo Pipes share price has delivered positive long-term returns but has faced significant pressure in the medium term. As of mid-2026, Apollo Pipes stock price has gained substantially over 10 years, outperforming Nifty 50, Sensex, Industry, and Sector benchmarks. Over five years, the stock has delivered positive returns, while three-year returns have been negative, indicating a prolonged correction phase in the medium term. 

In the short term, Apollo Pipes share price has experienced volatility with mixed performance across different time frames. The stock has shown strength over longer periods, reflecting the broader growth potential for small-cap plastic companies. The Apollo Pipes share price analysis shows a varied seasonal pattern. The five-year average annual return has been positive, with certain months typically being the strongest, while others have remained weaker. 

Among the last 10 calendar years, Apollo Pipes recorded its strongest annual return in 2021 (+128.04%), followed by 2020 (+105.26%), while the weakest performances came in 2025 (-36.62%) and 2024 (-32.28%). Positive years such as 2023 (+32.35%) were offset by declines in 2022 (-4.07%) and the subsequent correction in 2024-2025. 

A deeper analysis shows that Apollo Pipes closed at around ₹488-511 as of mid-2026, after trading in a volatile range during the year. Over the past decade, the stock has traded within a wide range of approximately ₹4 to ₹554, leaving it below its 10-year high while remaining substantially above its 10-year low. During the past year, Apollo Pipes touched a high of ₹554.00 and a low of ₹252.10, illustrating the sharp correction and subsequent recovery experienced in recent quarters despite the stock’s long-term positive return profile. 

Apollo Pipes Limited Investor Relevance and Role in Portfolio 

Apollo Pipes Limited is a holding in small-cap and industrial sector portfolios, providing investors with exposure to plastic pipes manufacturing, infrastructure development, construction materials, and water management solutions. Apollo Pipes share price is followed by market participants seeking exposure to India’s plastic sector, as the company remains an established plastic pipes manufacturer with a diversified product portfolio and manufacturing capabilities. 

The company’s inclusion in small-cap benchmark indices, including the BSE SmallCap Index and BSE AllCap Index, reinforces its significance within India’s plastic and industrial products ecosystem. Apollo Pipes stock price is tracked by domestic retail investors, high-net-worth individuals, and proprietary trading desks because of its small-cap market capitalisation, liquidity profile, and presence in small-cap portfolios. 

In addition, the company’s established manufacturing facilities, consistent operational presence, and positioned leadership in plastic pipes manufacturing make it a constituent in diversified small-cap equity portfolios. Consequently, Apollo Pipes stock price remains an indicator for investors assessing trends in the Indian plastic pipes sector and the broader industrial products industry. 

Apollo Pipes share price is influenced by the company’s ownership structure. Apollo Pipes’s equity is held by a mix of promoters, institutional investors, and retail investors, reflecting its standing in India’s plastic sector. Promoters hold a stable majority stake of 51.72 percent, reflecting strong internal control. Foreign institutional investors hold 2.22 percent. Domestic institutional investors hold 10.76 percent. Mutual funds hold 8.06 percent. The public and other investors hold the remaining stake of 35.30 percent. The company’s management includes Sameer Gupta as Chairman and Managing Director and Arun Agarwal as Joint Managing Director and Additional Director. This investor base, with stable promoter participation, underscores the company’s role as a holding in both domestic portfolios concentrating on plastic and industrial products. 

Beyond fundamentals and ownership, Apollo Pipes share price is actively monitored in cash market segments, where trading volumes and delivery patterns reflect expectations on infrastructure spending, PVC resin prices, and regulatory policy actions. Apollo Pipes stock price is available for trading on both major Indian exchanges, allowing investors to take positions based on their outlook for the plastic sector. Market participants watch these trading indicators to gauge sentiment around quarterly results and policy announcements. 

Technical indicators provide additional insight into short term momentum shifts in Apollo Pipes share price. While these indicators are primarily used for near term trading decisions, they also help investors and portfolio managers understand broader market sentiment and anticipate potential volatility, especially around key events or announcements. In the short term and weekly timeframe, the stock has exhibited price movements that correlate with broader plastic sector trends. Based on available data, the stock’s beta indicates varying volatility compared to the broader market. 

Based on available data, the stock’s beta indicates low volatility compared to the broader market. For the long-term range (monthly tick over 4 years, with NIFTY50 as base), the beta is 0.06, the mean is not available, and the standard deviation is not available. For the daily one month range, the beta is not available, the mean is not available, and the standard deviation is not available. For the daily three month range, the beta is not available, the mean is not available, and the standard deviation is not available. For the weekly one year range, the beta is 0.060, the mean is not available, and the standard deviation is not available. For the weekly two year range, the beta is not available, the mean is not available, and the standard deviation is not available. For the 2 week two year range, the beta is not available, the mean is not available, and the standard deviation is not available. For the monthly two year range, the beta is not available, the mean is not available, and the standard deviation is not available. 

Overall, Apollo Pipes demonstrates a lower volatility profile compared to the broader market, with the stock generally considered to have stable systematic risk. This makes it less sensitive to broader market movements compared to smaller plastic companies, though it remains exposed to sector specific factors such as infrastructure spending, PVC resin prices, and competitive dynamics. 

Apollo Pipes Limited Sectoral Relevance and Peer Positioning 

Apollo Pipes Limited sector relevance stems from its four decade presence in the plastic pipes industry, its position among the top 10 leading piping solution providing companies in India, and its established manufacturing capabilities across multiple locations. Peer comparisons with companies like Supreme Industries, Astral, Finolex Industries, Shaily Engineering Plastics, and Prince Pipes focus on revenue growth, margin performance, manufacturing efficiency, and production scale rather than short term stock moves. These benchmarks help investors assess operational scale, efficiency, and regulatory adherence. Institutional tracking of PVC resin prices, infrastructure spending, and import policies further highlights Apollo Pipes positioning within the broader Indian plastic pipes market. 

Apollo Pipes market cap highlights its position as a small-cap player within the plastic pipes and industrial products sector. The company’s market capitalization has moved in line with investor perceptions of the company’s growth potential following its strategic focus on plastic pipes and fittings. Examining Apollo Pipes year-end market capitalization over the past decade reveals a pattern of substantial growth punctuated by periodic corrections. In 2016, the market cap stood at approximately ₹150-200 crore, before rising steadily to ₹200-250 crore in 2017 and ₹250-300 crore in 2018. A significant surge occurred in 2019, pushing the market cap to ₹300-350 crore, followed by another rise in 2020 to ₹400-500 crore. The momentum continued with the market cap reaching ₹800-900 crore in 2021, ₹1,200-1,400 crore in 2022, and ₹1,600-1,800 crore in 2023. In 2024, the market cap stood at approximately ₹1,800-2,000 crore, and the upward trend continued into 2025-2026, with the market cap currently at approximately ₹2,100-2,200 crore. Over this ten-year period, Apollo Pipes’s market cap has experienced a compound annual growth rate of approximately 27-30%, reflecting the company’s ability to create substantial shareholder value despite recent headwinds. 

Apollo Pipes earnings trajectory demonstrates the impact of its operational execution in a competitive industry. In recent fiscal years, total income showed trends supported by the core plastic pipes and fittings business. The company’s revenue from operations increased from previous fiscal years, supported by strong demand across agriculture, construction, and water management verticals. Apollo Pipes earnings, measured by profit after tax, have demonstrated mixed performance over the past decade, reflecting the company’s operational challenges and market volatility. In fiscal year 2016, the company reported net profit of approximately ₹16 crore, which grew steadily to ₹22 crore in 2017, ₹24 crore in 2018, and ₹29 crore in 2019. The upward trajectory continued with earnings reaching ₹44 crore in FY20, and Apollo Pipes sustained momentum through the pandemic with earnings of ₹50 crore in FY21. Profit attributable to shareholders increased from ₹42 crore in FY24 to ₹31 crore in FY25, representing a decline, while recent quarters have shown further moderation. Over the past decade, Apollo Pipes earnings have grown at a CAGR of approximately 5-8%, driven by strong demand and effective cost management despite global economic uncertainties, currency fluctuations, and evolving client demand. Recent quarters, however, have shown signs of moderation as competitive pressures and volatile PVC prices impacted profitability. 

Apollo Pipes EPS reflects its operational performance and ability to generate consistent profits from its plastic pipes and fittings business. Basic EPS has shown volatile performance, with EPS of approximately ₹2 in FY16, ₹3 in FY17, ₹3 in FY18, ₹4 in FY19, ₹6 in FY20, ₹7 in FY21, ₹10 in FY22, ₹5 in FY23, ₹9 in FY24, and ₹7 in FY25. Over the past decade, EPS has grown from approximately ₹2 in FY16 to approximately ₹7 in FY25, representing a compound annual growth rate of approximately 13-15%. This volatile trend highlights Apollo Pipes’s inconsistent profitability, challenges in capital management, and vulnerability to global economic uncertainties, changing raw material price cycles, and evolving client demand in the plastic pipes industry. 

Apollo Pipes P/E ratio reflects investor expectations of the company’s earnings growth and future prospects. The ratio has fluctuated over the years in response to changing market sentiment, industry conditions, and business performance. The trailing P/E ratio stood at approximately 56.53 in 2024 and 60.05 in 2023, compared to an industry average of 38.78. The current trailing P/E ratio stands at approximately 176-454, significantly above its historical average, while the price-to-book ratio is about 2.59. The recent elevated valuation reflects investor optimism about Apollo Pipes’s growth potential despite the company’s continued profitability and operational presence. 

Summary 

Apollo Pipes Limited operates in the plastic pipes manufacturing sector with established production facilities and a diversified product portfolio. Apollo Pipes share price reflects the company’s operational performance and the broader developments in the plastic industry. The company faces challenges from volatile PVC prices and competitive pressures. Apollo Pipes stock price continues to be monitored by investors tracking the small-cap plastic segment. The company’s long-term performance has been strong compared to broader market benchmarks.