Apollo Pipes Ltd. · NSE:APOLLOPIPE
Apollo Pipes — Q3 FY2026 Earnings Presentation
39 slides from Apollo Pipes's earnings presentation, Jan 29, 2026
Slide 1: Filing cover letter to stock exchanges
January 29, 2026 To The National Stock Exchange of India Limited Department of Corporate Services/Listing Exchange Plaza, 5th Floor, BSE Limited Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Fort, Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: AP
Slide 2: Q3FY26 Earnings Presentation
APOLLO PIPES LTD. Q3FY26 EARNINGS PRESENTATION Jan 2026 www.apollopipes.com 1
Slide 3: Safe harbour
Safe harbour Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "
Slide 4: Table of Content
Table of Content 1 Apollo Pipes Overview 2 Growth Levers 3 Macro-Growth Drivers 4 5 6 www.apollopipes.com Future 5 Year Financial Q3FY26 Outlook Highlights Highlights 3
Slide 5: Company Overview
www.apollopipes.com COMPANY OVERVIEW 4
Slide 6: Apollo Pipes at a Glance
Apollo Pipes at a Glance Amongst the Top 6 7 leading PVC pipe 226,500 Ton 1,000+ manufactures in India Capacity Manufacturing Plants Channel Partners 17% 24% 16% www.apollopipes.com 3,000+ 5-year Sales Volume 5-year Revenue 5-year EBITDA SKU’s CAGR CAGR CAGR 5
Slide 7: Q3FY26 at a Glance
Q3FY26 AT A GLANCE ₹247 Cr 25,386MT ₹12.0 Cr 4.9% Sales Volume EBITDA EBITDA Margin Revenue 6% YoY decrease 48% YoY decrease 270bps YoY decrease 20% YoY decrease 17% QoQ increase 24% QoQ decrease 183bps QoQ decrease 5% QoQ increase ₹3.3 Cr ₹11.9Cr 1.0% 1.0% Loss Cash Profit ROCE in Q3FY26 ROE in Q3F
Slide 8: 9MFY26 at a Glance
9MFY26 AT A GLANCE ₹757.9 Cr 72,385 MT ₹48.5 Cr 6.4% Sales Volume EBITDA EBITDA Margin Revenue 2% YoY decrease 32% YoY decrease 187bps YoY decrease 13%YoY decrease ₹6.5 Cr ₹48.3Cr 1.0% 1.0% PAT Cash Profit ROCE in 9MFY26 ROE in 9MFY26 72% YoY decrease 12% YoY decrease 4.2% in FY25 6.6% in FY25 www.a
Slide 9: Apollo Pipes at a Glance - Key Focus Areas
Apollo Pipes at a Glance Agriculture Segment Water Management Construction Segment Oil & Gas Segment Telecom Ducting Segment • Casing pipes • Hot & cold potable water • Sanitation & Sewage pipes Conveying edible oils and • Drip irrigation & distribution & transportation • Plumbing Pipes chemicals &
Slide 10: Product Portfolio
Product Portfolio Diversified Basket of 3,000+ Products www.apollopipes.com 9
Slide 11: Successful Journey of Apollo Pipes
Successfull Journey of Apollo Pipes • New manufacturing unit Commissioning • Commercial PVC pipe • Started manufacturing uPVC • Largest plastic piping Concluded promoter • Introduced eco water tank. started in Varanasi. manufacturing plumbing pipes fittings with solution company infusion of 142 cror
Slide 12: Tiger Shroff Appointed as Brand Ambassador
1 Tiger Shroff Appointed as Brand Ambassador 2 Launched Tiger Shroff with CPVC-X 1 Million+ Views, 25000 Likes Across Social Media Platforms 26 Million Followers Tiger Shroff 3 Social Media Reach 40.4 Million Followers Digital Campaign, Packaging promotions www.apollopipes.com 4 etc 11
Slide 13: Raveena Tandon Appointed as Brand Ambassador
1 Raveena Tandon Appointed as Brand Ambassador Social RaveenaMedia campaign launched Tandon inFollowers 7.9 Million 2 Q3FY22 continue Social Media Reach to garner good response 8.3 Million Followers Digital Campaign, Packaging promotions 3 etc www.apollopipes.com 12
Slide 14: Our Environment, Social, Governance and Safety Policy
Our Environment, Social, Governance and Safety Policy Cost Savings and Energy conservation are one of the key focus areas for Apollo Pipes • Installed rooftop solar plant at Dadri for optimum utilsation of energy Apollo Pipes Ltd. achieves 82nd • Evaluating opportunities to install rooftop solar pla
Slide 15: Growth Levers
www.apollopipes.com GROWTH LEVERS 14
Slide 16: Strategic acquisition of Kisan Mouldings
Strategic acquisition of Kisan Mouldings • Established in 1982 with 40+ yr. old legacy brand • Have a capacity of ~58k Ton • Apollo pipes investment amounted to Rs 146 Cr for acquiring majority stake (58.6%) in Kisan. • Wide range of SKU’s including Plastic Pipes and fittings for building and agricu
Slide 17: Strategic venture with Lubrizol Advanced Material
Strategic venture with Lubrizol Advanced Material Apollo Pipes has entered into a partnership with Lubrizol, for the supply of CPVC Resin manufactured using Lubrizol’s proprietory TempRite® Technology. This collaboration strengthens product performance and documentation standards, and supports spec-
Slide 18: Key Business Strength
Key Business Strength Expanding footprint in India Catering to multiple sectors – Agriculture, Water Management, Infrastructure Proven expertise in complex Strong and highly experienced Management projects Team Multiple and efficient product offerings – Advanced equipment & technology – 3,000+ products
Slide 19: Diversified Product Portfolio
Diversified Product Portfolio with total offerings at 3,000+, Aiming to achieve 4,000+ products to the basket • CPVC Pipes and Fittings • uPVC Pipes and Fittings • PPR-C Pipes and Fittings • Agri Pipes and Fittings • SWR Drainage System • uPVC Column Pipes • Well Casing Pipes • UGD Pipes • HDPE Pipes
Slide 20: Capacity Expansion to aid long-term growth plan
Capacity Expansion to aid long-term growth plan Available Capacity 226,500 MTPA Ahmedabad, Bengaluru and Raipur www.apollopipes.com line for the value-added products at new locations 19
Slide 21: Macro Growth Drivers
MACRO GROWTH DRIVERS www.apollopipes.com 20
Slide 22: PVC Pipe Industry
PVC Pipe Industry The Indian PVC pipes and fittings market expected to register 15% CAGR during FY24 - FY27 • The domestic plastic pipes industry size at ~ ₹ 350Bn • Organized players account for ~70% market share • Key features of plastic pipes against other pipes - Lightweight - Ease of transportat
Slide 23: At the Forefront of multiple sector trends
At the Forefront of multiple sector trends Urban Infrastructure & Construction Water Management Agriculture Focus • Infrastructure push - plumbing and • Rehabilitation of aging pipelines and • Improving irrigation schemes for distribution requirements installation of new pipes in transportation farm
Slide 24: Future Outlook
www.apollopipes.com FUTURE OUTLOOK 23
Slide 25: Capacity expansion plan
Capacity expansion plan Existing capacity Ongoing expansion Organic growth Current capacity Capacity expansion Brownfield expansion 226,500 Ton 32,000 Ton 27,500 Ton Existing Apollo Pipes Ltd plants Greenfield Varanasi Plant 165,500 Ton 30,000 Ton by FY26 Further capacity expansion in Total capacity
Slide 26: Focus Areas for FY27
Focus Areas for FY27 Strengthen Undertake a Register solid Penetrate and Improve Undertake foothold in Pan phase-wise growth in sales – establish utilization at the various brand India capacity expansion targeting revenue footprint into existing building at the existing growth of around neighboring
Slide 27: Operational & Financial Highlights
OPERATIONAL & FINANCIAL HIGHLIGHTS www.apollopipes.com 26
Slide 28: Quarterly Performance (Consol)
Quarterly Performance (Consol) Sales Volume (Tons) Revenue (Rs. Cr) 26,987 307.9 314.8 25,991 25,315 25,386 275.0 21,685 250.4 235.7 247.2 20,152 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 EBITDA (Rs. Cr) PAT (Rs. Cr) 23.3 24.0 9.8 19.4 20.7 8.1 6.2 15.8 4.2
Slide 29: Yearly Performance (Consol)
Yearly Performance (Consol) Volume (Tons) Revenue (Rs. Cr) 99,705 1,182 987 81,235 915 66,567 72,385 784 758 53,849 518 47,333 FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 FY22 FY23 FY24 FY25 9MFY26 EBITDA (Rs. Cr) PAT (Rs.Cr) 96 96 50 93 44 43 74 68 33 48 24 www.apollopipes.com 6 FY21 FY22 FY23 FY24 FY25 9
Slide 30: Yearly Performance (Consol)
Yearly Performance (Consol) Op. Cashflow (Rs. Cr) Net Working Capital (Days) APL 74 195 68 (Consol) APL 56 58 (S'alone) 48 36 68 64 47 40 19 38 FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 FY22 FY23 FY24 FY25 9MFY26 9MFY26 ROE (%) ROCE (%) Net Debt/ (Net cash) (Rs.Cr) 21.1 28 18.0 9 7 Net 13.5 13.2 Cash 9.0
Slide 31: Profit & Loss Statement (Consol)
Profit & Loss Statement (Consol) Particulars (Rs Cr) Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 FY25 9MFY25 9MFY26 Sales Volume (Ton) 26,575 20,152 26,987 25,991 25,315 21,685 25,386 99,705 73,714 72,385 Revenue 308 250 308 315 275 236 247 1,182 867 758 Total Expenditure 280 231 285 291 254 22
Slide 32: Provisional Balance Sheet & Cash flow (Consol)
Provisional Balance Sheet & Cash flow (Consol) Balance Sheet - Assets (Rs Cr) FY25 9MFY26 Cashflow Statement (Rs Cr) FY25 9MFY26 Cash & Bank Balance 138 78 EBITDA 96 48 Receivables 95 78 Change in receivables -18 18 Inventories 213 234 Change in Inventory -14 -21 Other current assets 45 44 Change in
Slide 33: Profit & Loss Statement (Standalone)
Profit & Loss Statement (Standalone) Apollo pipes (Ex- Kisan) Kisan Mouldings (Rs Cr) Q3FY26 Q3FY26 Sales Volume (Ton) 20,979 5,353 Total Income From Operations (Net) 195 61 Total Expenditure 181 62 Raw Material expenses 135 45 Employee expense 19 7 Other expenses 27 10 EBITDA 13 (2) EBITDA margin (
Slide 34: Conclusion
CONCLUSION 33 www.apollopipes.com
Slide 35: Key Takeaways
Key Takeaways Increased market presence and Target to achieve improving 25%+ revenue distributor network growth CAGR over to address demand next three years across Leveraging ‘APL Value-added pan-India Apollo’ brand Available Capacity product categories reach and recall of 226,500 Ton to provide imp
Slide 36: About Us
About Us Apollo Pipes (BSE: 531761; NSE: APOLLOPIPE), is among the top 6 leading piping solution providing Company in India. Headquartered in Delhi, the Company enjoys strong brand equity in the domestic markets. With more than 3 d ec ad es of experience in the Indian P ip e Market, Apollo Pipes hol
Slide 37: Thank You
www.apollopipes.com THANK YOU 36
Slide 38: Press release: Q3FY26 Consolidated Business Performance
Apollo Pipes Limited A- 140, Sector 136. Noida, Uttar Pradesh- 201301 Q3FY26 Consolidated Business Performance Sales volume decreased 6% YoY to 25,386 Ton Revenue decreased 20% YoY to Rs 2.5 Bn EBITDA decreased 48% YoY to Rs 120 Mn Reported Loss of Rs 33 Mn (vs Rs 62Mn Profit in Q3FY25) Noid
Slide 39: About the Company
About the Company Apollo Pipes (BSE: 531761; NSE: APOLLOPIPE), is among the top 6 leading piping solution providing Company in India. Headquartered in Delhi, the Company enjoys strong brand equity in the domestic markets. With more than 3 decades of experience in the Indian Pipe Market, Apollo Pipes