Apollo Green Energy Ltd ()

200 +0 (0%) 1Y
Price per Unit 200
Minimum no. of Units 500
Enter Units
Coupon Code
Get 1% OFF on a minimum share purchase of ₹1,00,000.

Use Code: UNLISTEDKRAFT
Investment Amount 0
Discount 0
Stamp Duty (0.015 %) 0
Final Amount 0
Unlisted shares

Apollo Green Energy Ltd

DRHP Status : Not Filed

200

Current Price 200
Market Cap 1090.22 Cr
ISIN INE838A01015
Face Value 10
P/E Ratio 24.23
EPS 13
P/B Ratio 1.27
Book Value 247.13
Debt to Equity Ratio 1.30

P&L Statement

P&L Statement 2022 2023 2024
Revenue 810 753 1234
Cost of Material Consumed 262 321 465
Gross Margins 67.65 57.37 62.32
Change in Inventory -1 -3 -1.45
Employee Benefit Expenses 94 56 50
Other Expenses 396 357 647
EBITDA 59 22 73.45
OPM 7.28 2.92 5.95
Other Income 58 44 34
Finance Cost 80 27 57
D&A 34 6 8.97
EBIT 25 16 64.48
EBIT Margins 3.09 2.12 5.23
PBT 78 32 41
PBT Margins 9.63 4.25 3.32
Tax 37 7 2.58
PAT 41 25 38.42
NPM 5.06 3.32 3.11
EPS 21.58 13.16 20.22

 

Financial Ratios

 2022 2023 2024
Operating Profit Margin 7.28 2.92 5.95
Net Profit Margin 5.06 3.32 3.11
Earning Per Share (Diluted) 21.58 13.16 20.22
 
 

Balance Sheet

Assets 2022 2023 2024
Fixed Assets 444 43 45
CWIP 0.8 0 0
Investments 268 480 331
Trade Receivables 210 209 396
Inventory 37 43 53
Other Assets 510.2 428 658
Total Assets 1470 1203 1483

 
Liabilities 2022 2023 2024
Share Capital 19 19 19
FV 10 10 10
Reserves 412 450 532
Borrowings 609 340 401
Trade Payables 139 139 0
Other Liabilities 291 255 531
Total Liabilities 1470 1203 1483
documents
Name Holding
OSK Holdings (AIL) Private Limited 32%
AIL Consultants Private Limited 21%
Raaja Kanwar 18%
Amit Dyechem Private Limited 15%
Global Propmart Private Limited 13%
Others 1%

Coming soon...

Coming soon...

Apollo Green Energy Limited (AGEL), formerly known as Apollo International Limited, is a leading name in India’s renewable energy sector. Founded in 1994 and headquartered in Gurgaon, with a registered office in New Delhi, AGEL is part of the Apollo Group, a major Indian conglomerate with a wide-ranging portfolio.

Strengths

  • Established market position, supported by extensive experience of the promoters:The promoters’ extensive experience and strong customer/supplier relationships drive sustained growth, with revenue reaching ~Rs 1,250 crore in FY24. A diversified presence across trading, leather, and EPC segments reduces risk from downturns. The EPC segment’s ~Rs 1,800 crore order book (as of March 2024) provides 2.5-3 years of revenue visibility, supporting the group's market position.
  • Healthy financial risk profile:The company’s financial profile is strong, with a low gearing ratio of ~0.6x as of March 2024, allowing flexibility for additional debt if needed. Recent NCD issuances (~Rs 130 crore) support working capital without affecting the capital structure, expected to remain stable with gearing below 0.7x. Robust debt protection metrics and steady operating margins (8-9%) further reinforce financial stability, with no major debt-funded capex planned in the medium term.
     

Weaknesses

  • Susceptibility of operating margin to volatility in raw material prices:The company’s operating margins dropped to ~5% in FY23 (from 8-9% in FY22) due to increased revenue from the lower-margin trading segment. Margins improved to ~8% in the first nine months of FY24, though still below CRISIL's expectations. With price revisions in trading and a focus on EPC contracts with price escalation clauses, margins are anticipated to strengthen to 8-9% over the medium term, making this a key rating sensitivity.
  • Exposure to project execution risk and tender based business in the EPC segment: AIL faces project execution risks due to potential delays in regulatory clearances, leading to possible time and cost overruns. Challenges inherent to the EPC business may affect medium-term revenue visibility. Ensuring growth in operations while maintaining stable margins will remain critical for its ratings.
Scroll Top ↑
unlistedkraft