APOLLOPIPES / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Apollo Pipes · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

Answered directly

79%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Aryan Agarwal · Money Stories Asset Management

partial

Demand scenario and impact of crude prices on PVC.

demand scenario... pretty encouraging... we are targeting 400 cr plus revenue for the quarter 1 fi27... crude prices... will trickle through the PVC prices or not does not look like that should make a difference.

Warun Chilasara · 361 Capital

direct

Why gross margin declined despite higher realizations.

three main reasons... aggressive pricing strategy... window profile business costs... finished good inventory write downs.

Warun Chilasara · 361 Capital

direct

Did the company have inventory gains from PVC price rise?

Very minuscule... inventory gains on the raw material inventory was uh nothing significant

Warun Chilasara · 361 Capital

evasive

April volume growth and impact of PVC price decline.

channel is already running at a very low price low stocks... we are not very much bearish... it will go towards again to a next level of around 60s

Kesha Vlahoti · HDFC Securities

direct

How to balance volume and profitability; margin outlook.

Apollo standalone target between 8,000 to 10,000 rupees per ton... Kissan first target 5-6,000 rupees per ton... on consolidated basis 6-7-8,000 rupees per ton then journey towards 10-11-12,000.

Kesha Vlahoti · HDFC Securities

partial

Channel inventory and April volume impact.

channel inventory got heavy towards end of March and it did impact April to some extent... 400 cr revenue for quarter 1 we have factored in... things are pretty much on track.

Kesha Vlahoti · HDFC Securities

direct

Volume growth target and demand in agri/plumbing.

revenue for Q4 was around 350 crores and we are targeting 400 cr... 15% jump QoQ... NSR for Q4 was 110 rupees per kg... volume growth is double digit only.

Anuparak · Anandrati

direct

Demand in urban vs rural markets.

rural is all agri... demand is good... construction plumbing rural and urban demand is good in both... rural is outperforming urban in last 2-3 months.

Anuparak · Anandrati

partial

Competitive intensity and new plant from Astral.

competition intensity has increased significantly... price war... cleanup at bottom level... we are clear on our strategy... well on track to achieve these numbers.

Abhishek Sani · A Investment Managers

direct

Long-term strategy for Kissan Moldings; potential merger.

we will ultimately merge Kissan moldings in Apollo Pipes Limited. We are already working on how to go about it. Maybe in next few investor calls you will hear from us about the timelines.

Shashan Sony · Dashia Capital

direct

Product split within pipes and CPVC ramp-up.

plumbing construction 60-65%, agri and govt infra 35%... CPVC growing at 10-12%, water tank 20-30%, window profile expected 4-5% contribution this year.

Rashan Nay · Antique Stock Broking

direct

Kissan Moldings quarterly performance and reasons.

Q4 revenue for Kisan was 80 cr vs 60 cr in Q3... volume from 5,000 ton to 7,000 ton... Jan and Feb months were not too good... margin deterioration due to push sales.