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Apollo Green Energy
unlisted shares
Current Price
₹62
Market Cap
₹260 Cr
Book Value
166.22
ISIN
INE838A01015
P/E Ratio
7.65
Lot Size
250
Trade
₹62
Stats
| Company | Apollo Green Energy |
| Incorporation Date | 2010 |
| ISIN Number | INE838A01015 |
| PAN | AAACA6447N |
| CIN | U74899DL1994PLC061080 |
| Corporate Office | Gurgaon, Haryana, India |
| Sector | Renewable Energy & EPC |
| Depository | CDSL & NSDL |
| Face Value | 10 |
| Book Value | 166.22 |
Financial Year Report
| FY23 | FY22 | FY24 | FY25 | FY25 | |
|---|---|---|---|---|---|
| Turnover | ₹653.81 Cr. | ₹314.82 Cr. | ₹1,148.48 Cr. | ₹806 Cr. | ₹806 Cr. |
| EBIDTA | 30.55 | 31.54 | 69.68 | 23 | 23 |
| PBT | 37.49 | 11.36 | 32.16 | 43 | 43 |
| PAT | 30.07 | 22.97 | 29.59 | 34 | 34 |
| EPS | 15.82 | 12.08 | 15.57 | 10.62 | 10.62 |
| P/E Ratio | 12.7 | 22.48 | |||
| Number Of Shares | 1.90 Crore | 1.90 Crore | 1.90 Crore | 40610287 | 4.06 Cr |
| Price | ₹201 | ₹204 | ₹350 | ₹64 | ₹64 |
| Market Cap | ₹381 Cr. | ₹389 Cr. | ₹665 Cr. | ₹260 Cr. | ₹260 Cr. |
Apollo Green Energy Company Thesis
Apollo Green Energy Limited Overview Apollo Green Energy Limited is an India-based renewable energy solutions provider focused on engineering, procurement, and construction (EPC) services for solar power projects. The company operates across utility-scale and rooftop solar segments, supporting India’s transition toward clean and sustainable energy.
Business Model Apollo Green Energy operates primarily through an EPC-driven model, with revenue streams including: • Solar EPC Projects (core business) • Turnkey Renewable Solutions • Operation & Maintenance (O&M) Services • Potential IPP (Independent Power Producer) opportunities The company partners with government bodies, corporates, and institutional clients for project execution.
Financial Profile & Valuation • Revenue linked to project execution cycle and order inflows • Margins typical of EPC businesses (moderate, execution-driven) • Working capital-intensive operations Valuation: • Listed entity with valuation influenced by order book visibility and execution track record • Market perception driven by renewable sector growth outlook
Competitive Positioning • Positioned within India’s rapidly growing solar EPC ecosystem • Focus on execution capabilities and project delivery Strengths: • Exposure to high-growth renewable energy sector • Established presence in solar EPC execution • Ability to scale with increasing project pipeline
Growth Drivers • Strong policy push for renewable energy in India • Government targets for solar capacity expansion • Rising corporate adoption of clean energy • Increasing demand for rooftop solar solutions • Opportunities in hybrid and integrated energy projects
Key Risks • Execution risk in large-scale EPC projects • Working capital and cash flow management • Dependence on government policies and tender pipeline • Competitive intensity impacting margins • Commodity price fluctuations (modules, materials)
Recent Developments • Continued participation in solar EPC tenders • Focus on expanding order book and project pipeline • Alignment with India’s renewable energy targets and initiatives
Investment View / Outlook Apollo Green Energy Limited offers exposure to India’s structural renewable energy growth story, particularly in the solar EPC segment. The company’s performance is closely tied to execution efficiency and order inflows. Key Monitorables: • Order book growth and project pipeline • Execution timelines and margin stability • Working capital management Overall View: A sector-driven growth opportunity, benefiting from strong renewable tailwinds, with performance dependent on execution consistency and scale-up of operations.