Apollo Pipes Management Guidance Tracker

Management expects low-to-mid double-digit volume growth for the full year, with clarity after Q2.

CPVC volume share to rise from 15% to over 20% within 1-2 years, aided by a co-marketing agreement with a major resin supplier.

Management expects low to mid double-digit volume growth for the full year, with potential for high double-digit growth in the remaining 8 months if macro improves.

CPVC volume share is targeted to rise from current 15% to above 20% within 1-2 years, supported by a co-marketing agreement with a leading resin supplier.

Installed capacity to increase from ~230,000 tons to 286,000 tons over the next two years, funded without debt.

Capex of ~₹150 crore residual spend to expand capacity from current ~230,000 tons to 286,000 tons over the next 1-1.5 years, funded without debt.

Total capex for FY27 is estimated at ₹100 crore, primarily for Kisan brownfield expansion and existing plant upgrades.

New UPVC segment expected to generate ₹50 crore revenue in FY26, primarily in H2.

Management expects to close FY26 with around ₹50 crore revenue from the newly launched UPVC doors and windows segment, with most coming in H2.

Management targets 35% revenue CAGR over 5 years, reaching ₹5,000 crore by FY31, driven by capacity expansion and new products.

Management expects Q1 FY27 revenue of ₹400 crore, up 15% QoQ from Q4 FY26's ₹350 crore.

Management targets net working capital cycle below 35 days by March 2027, down from 46 days in FY26.