Apollo Pipes Experiences Valuation Grade Change Amidst Competitive Market Dynamics

Apollo Pipes, a small-cap player in the plastic products industry, has recently undergone a valuation adjustment. The company's current price stands at 387.10, reflecting a decline from its previous close of 398.65. Over the past year, Apollo Pipes has faced challenges, with a stock return of -35.91%, contrasting sharply with a slight decline of -2.08% in the Sensex during the same period.
Key financial metrics for Apollo Pipes include a PE ratio of 54.60 and an EV to EBITDA ratio of 18.15. The company's return on capital employed (ROCE) is reported at 6.85%, while the return on equity (ROE) is at 4.12%. In comparison to its peers, Apollo Pipes exhibits a higher PE ratio than several competitors, such as Finolex Industries and Time Technoplast, which have lower valuations. However, it also faces competition from companies like Safari Industries and Shaily Engineering, which are positioned at higher valuation levels.

Overall, the evaluation revision reflects the company's current market dynamics and performance metrics, highlighting its position within the competitive landscape of the plastic products sector.