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Balance sheet of Apollo Pipes is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Apollo Pipes is increasing.
Latest debt of Apollo Pipes is ₹76.69 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹43.22 Crs.
The profit is oscillating.
The profit of Apollo Pipes is ₹31.11 Crs for TTM, ₹42.64 Crs for Mar 2024 and ₹23.91 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Apollo Pipes latest dividend payout ratio is 9.23% and 3yr average dividend payout ratio is 9.0%
Companies resources are allocated to majorly productive assets like Plant & Machinery