Apollo Pipes Ltd Stock Falls to 52-Week Low of Rs.255.5

Stock Price Movement and Market Context

On 19 Jan 2026, Apollo Pipes Ltd’s stock price reached Rs.255.5, its lowest level in the past 52 weeks. This decline comes despite the stock outperforming its sector by 0.6% on the day. The company’s shares are trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward momentum.

In contrast, the broader market index, Sensex, experienced a negative session, falling by 487.83 points or 0.67% to close at 83,006.66. Although Sensex remains 3.8% below its 52-week high of 86,159.02, it has been on a three-week consecutive decline, losing 3.21% over this period. The index is trading below its 50-day moving average, though the 50DMA remains above the 200DMA, signalling mixed technical signals for the broader market.

Financial Performance and Valuation Metrics

Apollo Pipes Ltd’s financial results have reflected a challenging period. The company reported a quarterly profit after tax (PAT) of Rs.1.62 crore in the September 2025 quarter, representing a sharp decline of 77.1% compared to the average of the previous four quarters. Net sales for the same quarter stood at Rs.235.71 crore, the lowest recorded in recent periods.

The company’s return on capital employed (ROCE) for the half-year ended was 4.80%, the lowest level observed, while return on equity (ROE) remains modest at 4%. These profitability metrics highlight subdued earnings efficiency relative to industry standards.

Despite these challenges, Apollo Pipes maintains a relatively strong debt servicing capability, with a low Debt to EBITDA ratio of 1.31 times, suggesting manageable leverage levels.

Long-Term Growth and Shareholder Participation

Over the last five years, Apollo Pipes has experienced a negative compound annual growth rate in operating profit of -22.50%, indicating persistent headwinds in expanding its earnings base. This long-term trend has contributed to the stock’s underperformance, with a one-year return of -34.69%, significantly lagging the Sensex’s positive 8.35% return over the same period.

Institutional investor participation has also declined, with a 2.3% reduction in their stake over the previous quarter. Currently, institutional investors hold 16% of the company’s shares. This reduction may reflect a reassessment of the company’s fundamentals by investors with greater analytical resources.

Valuation and Comparative Analysis

Apollo Pipes is currently trading at a price to book value ratio of approximately 1.5, which is considered expensive relative to its return on equity of 4%. However, the stock is priced at a discount compared to the average historical valuations of its peers within the Plastic Products - Industrial sector.

The company’s Mojo Score stands at 31.0, with a Mojo Grade of Sell, an upgrade from a previous Strong Sell rating as of 12 Jan 2026. The Market Cap Grade is rated at 3, reflecting a modest market capitalisation relative to other listed companies in the sector.

Over the past year, Apollo Pipes’ profits have declined by 23%, further underscoring the pressures on its earnings profile. The stock has also underperformed the BSE500 index over the last three years, one year, and three months, indicating a consistent trend of relative weakness.

Sector and Industry Context

Apollo Pipes operates within the Plastic Products - Industrial sector, which has seen varied performance across its constituents. While some peers have maintained stable growth trajectories, Apollo Pipes’ financial metrics and stock price performance have lagged behind, contributing to its current valuation and market positioning.

The company’s 52-week high price was Rs.495, highlighting the extent of the decline to the current 52-week low of Rs.255.5, a drop of nearly 48.4% from its peak.

Summary of Key Metrics

To summarise, Apollo Pipes Ltd’s recent stock price decline to Rs.255.5 reflects a combination of subdued financial results, including a 77.1% fall in quarterly PAT, low profitability ratios such as ROCE at 4.80% and ROE at 4%, and a negative five-year operating profit growth rate of -22.50%. The stock’s valuation at a 1.5 price to book value ratio contrasts with its modest returns, while institutional investor participation has decreased, signalling cautious sentiment among informed shareholders.

Despite these factors, the company’s low Debt to EBITDA ratio of 1.31 times indicates a capacity to manage its financial obligations effectively.

Overall, the stock’s performance over the past year, with a return of -34.69%, has been notably weaker than the Sensex’s 8.35% gain, underscoring the challenges faced by Apollo Pipes Ltd in the current market environment.

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