Apollo Pipes Ltd Share Price – NSE /  BSE

Plastic products, Small Cap

Apollo Pipes has granted 51,900 stock options under ESOS on 29 March 2025.

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Apollo Pipes has made further investment by acquiring an additional equity stake of 0.51% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company.

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Kisan Mouldings, a subsidiary of the company, is engaged in the manufacturing of PVC pipes, fittings, UV-resistant multi-layer water tanks, and allied products. The company is one of the largest manufacturers of pipes for various applications, including water supply, sanitation, sewerage, construction, cable ducting, drinking water, tube wells, and submersible pumps. As of now, the total paid-up equity share capital of KML stands at Rs 119.46 crore, with a turnover of Rs 268.01 crore for the financial year ending 31 March 2024.

With this secondary purchase, Apollo Pipes has increased its stake in KML from 55.58% to 56.08%, marking an increase of 0.50%. The acquisition is valued at approximately Rs 2.89 crore, paid in cash.

Apollo Pipes, as the holding company of KML, views this stake acquisition as a strategic investment to further strengthen its position in the market. The transaction, however, does not qualify as a related party transaction, and no promoter or group company has any interest in the acquisition.

Apollo Pipes is among the top 10 leading piping solution providers in India. With more than 3 decades of experience in the Indian Pipe Market, the company holds a strong reputation for high-quality products and an extensive distribution network.

The company had reported 34.3% decline in standalone net profit to Rs 5.97 crore despite a 10.4% increase in sales to Rs 244.64 crore in Q3 FY25 over Q3 FY24.

The scrip slipped 2.40% to Rs 367.90 on the BSE.

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Apollo Pipes has further acquired 0.50% stake in Kisan Mouldings, subsidiary of the company from secondary market purchase for a consideration of Rs 2.88 crore on 14 February 2025. The company has increased its holdings from 55.08% to 55.58% in Kisan Mouldings.

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