Apollo Pipes Limited (NSE:APOLLOPIPE)

Apollo Pipes Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	-87.61	74.86	326.48	426.45	239.1	497.6
Depreciation & Amortization	608.98	567.8	445.01	298.3	282.7	254.6
Other Amortization	1	1	0.33	0.31	1.2	2.4
Loss (Gain) From Sale of Assets	-114.55	-84.49	-17.38	-5.11	-0.7	2
Loss (Gain) From Sale of Investments	-	-	-	-0.01	-1.2	-26.2
Stock-Based Compensation	11.08	15.16	18.05	4.52	0.8	14.9
Provision & Write-off of Bad Debts	8.88	8.88	4.72	-	-	-
Other Operating Activities	7.82	47.09	103.6	77.69	19.7	35.4
Change in Accounts Receivable	-394.96	-83.17	-184.1	192.5	47.5	-78.1
Change in Inventory	-55.2	-287.22	-142.65	131.55	-391.2	-534.2
Change in Accounts Payable	570.19	127.32	-207.31	138.44	623.3	219.4
Change in Other Net Operating Assets	-110.85	-35.35	-60.08	-18.01	-133.9	-24.5
Operating Cash Flow	444.78	351.89	286.66	1,247	687.3	363.3
Operating Cash Flow Growth	-61.16%	22.76%	-77.00%	81.38%	89.18%	74.18%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-1,517	-1,516	-1,392	-985.29	-727.6	-423.3
Sale of Property, Plant & Equipment	838.59	323.63	113.76	17.32	1	12
Investment in Securities	-514.02	-165.68	-235.96	-1,187	2.9	-13.8
Other Investing Activities	9.89	18.33	9.07	15.08	44.1	57.6
Investing Cash Flow	-1,182	-1,339	-1,505	-2,140	-679.6	-367.5

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	311.23	259.59	0.57	50.6	0.6
Long-Term Debt Repaid	-	-	-	-1,222	-	-256.3
Net Debt Issued (Repaid)	222.49	311.23	259.59	-1,222	50.6	-255.7
Issuance of Common Stock	275	275	1,937	659.31	-	-
Common Dividends Paid	-30.83	-30.83	-41.35	-23.59	-39.3	-
Other Financing Activities	-325.33	-106.56	-104.41	-50.79	-89.3	-44.3
Financing Cash Flow	141.32	448.83	2,051	-636.88	-78	-300

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	0	-	-	-0	-	-
Net Cash Flow	-596.35	-538.74	831.71	-1,530	-70.3	-304.2

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-1,072	-1,164	-1,106	261.33	-40.3	-60
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	-8.94%	-10.53%	-9.36%	2.65%	-0.44%	-0.77%
Free Cash Flow Per Share	-24.34	-26.42	-25.10	6.49	-1.02	-1.53
Levered Free Cash Flow	-860.77	-1,079	-1,304	524.1	-201.24	-167.35
Unlevered Free Cash Flow	-788.19	-1,014	-1,235	555.77	-145.86	-140.54
Free Cash Flow After Leases	-1,072	-1,164	-1,106	261.33	-40.3	-60

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	114.53	106.56	104.41	50.79	89.3	44.2
Cash Income Tax Paid	49.48	78.9	120.22	179.75	143.4	157.6
Change in Working Capital	9.18	-278.41	-594.15	444.48	145.7	-417.4

Data Source: S&P Global Market Intelligence Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

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