Apollo Green Energy Ltd Unlisted Shares - Unlisted Shares
Fundamentals
- Current Price
- ₹97
- Market Cap
- ₹335.72 Cr
- ISIN
- INE838A01015
- Face Value
- ₹10
- P/E Ratio
- 8.74
- EPS
- 11.1
- P/B Ratio
- 0.72
- Book Value
- ₹135.66
- Debt / Equity Ratio
- 1.30
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Net Revenue | 1234.27 | 753.40 | 810.36 |
| Growth % | 63.83% | -7.03% | 0 |
| Total Operating Expenses | 1162.26 | 731.99 | 750.29 |
| Growth % | 58.78% | -2.44% | 0 |
| Operating Profit | 72.01 | 21.41 | 60.07 |
| Operating Profit Margin % | 5.83% | 2.84% | 7.41% |
| Other Income | 34.09 | 37.44 | 42.06 |
| Finance Costs | 57.17 | 27.16 | 79.87 |
| Depreciation and Amortization Expense | 8.97 | 6.04 | 34.10 |
| Share of net P/L from JV | 1.21 | 6.52 | 0 |
| Profit before Tax | 41.17 | 32.17 | -11.84 |
| Income Tax | 2.58 | 7.47 | -37.29 |
| Tax % | 0.21% | 0.99% | -4.60% |
| Profit After Tax | 38.59 | 24.70 | 25.45 |
| Growth % | 56.23% | -2.95% | 0 |
| PAT% | 3.13% | 3.28% | 3.14% |
| EPS | 20.00 | 13.00 | 22.00 |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Equity Capital | 19.00 | 19.00 | 19.00 |
| Reserves and Surplus | 513.42 | 450.54 | 412.64 |
| Total Equity | 532.42 | 469.54 | 431.64 |
| Long Term Borrowings | 273.25 | 355.23 | 198.65 |
| Other Long Term Liabilities | 18.37 | -110.90 | 295.63 |
| Total Non-Current Liabilities | 291.62 | 244.33 | 494.28 |
| Short Term Borrowings | 128.63 | 254.05 | 141.78 |
| Other Current Liabilities | 530.60 | 234.90 | 402.44 |
| Total Current Liabilities | 659.23 | 488.95 | 544.22 |
| Equity + Liabilities | 1483.27 | 1202.82 | 1,470.14 |
| Fixed Assets (incl. WIP) | 45.88 | 43.06 | 445.42 |
| Other Non Current Assets | 605.17 | 527.56 | 426.14 |
| Total NC Assets | 651.05 | 570.62 | 871.56 |
| Trade Receivables | 396.15 | 208.72 | 209.74 |
| Cash and Bank Balances | 54.05 | 69.20 | 72.38 |
| Other Current Assets | 382.02 | 139.52 | 229.92 |
| Total Current Assets | 832.22 | 632.20 | 512.04 |
| asset held for sale | 0.00 | 0 | 86.54 |
| Total Assets | 1483.27 | 1202.82 | 1470.14 |
Shareholding Pattern
- OSK Holdings (AIL) Private Limited
- 32.05%%
- AIL Consultants Private Limited
- 21.37%%
- Mr. Raaja Kanwar
- 18.23%%
- Amit Dyechem Private Limited
- 15.19%%
- Global Propmart Private Limited
- 13.16%%
Strengths & Weaknesses
Strengths
- Established market position, supported by extensive experience of the promoters:The promoters’ extensive experience and strong customer/supplier relationships drive sustained growth, with revenue reaching ~Rs 1,250 crore in FY24. A diversified presence across trading, leather, and EPC segments reduces risk from downturns. The EPC segment’s ~Rs 1,800 crore order book (as of March 2024) provides 2.5-3 years of revenue visibility, supporting the group's market position.
- Healthy financial risk profile:The company’s financial profile is strong, with a low gearing ratio of ~0.6x as of March 2024, allowing flexibility for additional debt if needed. Recent NCD issuances (~Rs 130 crore) support working capital without affecting the capital structure, expected to remain stable with gearing below 0.7x. Robust debt protection metrics and steady operating margins (8-9%) further reinforce financial stability, with no major debt-funded capex planned in the medium term.
Weaknesses
- Susceptibility of operating margin to volatility in raw material prices:The company’s operating margins dropped to ~5% in FY23 (from 8-9% in FY22) due to increased revenue from the lower-margin trading segment. Margins improved to ~8% in the first nine months of FY24, though still below CRISIL's expectations. With price revisions in trading and a focus on EPC contracts with price escalation clauses, margins are anticipated to strengthen to 8-9% over the medium term, making this a key rating sensitivity.
- Exposure to project execution risk and tender based business in the EPC segment: AIL faces project execution risks due to potential delays in regulatory clearances, leading to possible time and cost overruns. Challenges inherent to the EPC business may affect medium-term revenue visibility. Ensuring growth in operations while maintaining stable margins will remain critical for its ratings.
About Apollo Green Energy Ltd Unlisted Shares
Apollo Green Energy Limited (AGEL) is a leading EPC company specialising in renewable energy solutions. With over two decades of industry experience through our parent company, they are driving India's transition to clean energy. Since the inception, the company has rapidly grown to become a leading force in India's energy sector and now focusing on renewable energy. Their journey is marked by significant milestones, innovative projects, and a steadfast commitment to advancing clean energy technologies. Note: *Data is as per last available financials, corporate actions in the interim period might not be reflected here.
Board of Directors
- Rachna Jain - Independant Director
- Raaja Kanwar - Managing Director
- Vivek Bharti - Independant Director
- Sunil Agarwal - Independant Director
Frequently Asked Questions
- Is there any lock in period for Apollo Green Energy Ltd unlisted shares?
- The lock-in period for Apollo Green Energy Ltd Unlisted Shares differs based on the investor category, as per SEBI regulations:
● Venture Capital Funds and Foreign Venture Capital Investors (FVCIs):
A lock-in period of 6 months from the date of acquisition of the shares.
● Alternative Investment Funds – Category II (AIF-II): No lock-in period is applicable.
● Other investors (including retail investors, high net-worth individuals (HNIs), and body corporates):
A lock-in period of 6 months from the date of IPO listing of Apollo Green Energy Ltd.
These norms were introduced by SEBI in August 2021, reducing the earlier lock-in requirement from one year to six months. The change was aimed at improving liquidity and encouraging investor participation in companies preparing for public listings. Since then, interest in pre-IPO investments has increased, with investors exploring opportunities to participate in companies ahead of their potential listing. - How much long term capital gains tax do I have to pay on Apollo Green Energy Ltd unlisted shares?
- Long-Term Capital Gains (LTCG) on Unlisted Shares in India arise when such shares are sold after being held for a period of more than two years. The key aspects of LTCG taxation on Apollo Green Energy Ltd unlisted shares are outlined below:
1. Tax Rate
Earlier, LTCG on unlisted shares was taxed at 20% with indexation benefits. However, as per Union Budget 2024, the tax structure has been revised. For transfers made on or after 23rd July 2024, LTCG on unlisted shares is taxed at a flat rate of 12.5%.
2. Indexation Benefit
Previously, investors could avail indexation benefits to adjust the purchase price for inflation, thereby reducing taxable gains.
This indexation benefit has been removed under Budget 2024 for unlisted shares transferred on or after 23rd July 2024.
3. Importance for Investors
Understanding LTCG taxation is important for both retail investors and High Net-Worth Individuals (HNIs), as it directly impacts investment returns, exit planning, and overall tax strategy.
4. Calculation Method
For eligible transactions after 23rd July 2024, LTCG will be calculated at a flat tax rate of 12.5% on the capital gains, without indexation.
5. Applicability
LTCG tax is applicable when unlisted shares are held for more than 24 months before being sold.
6. Relevance
These tax provisions are particularly relevant for investors in the unlisted share market who are considering exiting their investments after a long-term holding period. - How do I start investing in Apollo Green Energy Ltd unlisted shares through InCred Money?
- Buying Apollo Green Energy Ltd Unlisted Shares on InCred Money is quick, seamless, and fully digital.
Step 1: Create Your Account
Sign up using your mobile number and email ID.
Complete your KYC by submitting your PAN, Aadhaar, bank account, and demat account details. Once submitted, your KYC is reviewed and approved.
Step 2: Select & Buy Shares
Browse and select Apollo Green Energy Ltd from our Unlisted Shares list and place your order.
Step 3: Share Transfer
Based on the settlement period for the shares noted on the platform, the purchased shares are transferred and reflected in both your InCred Money portfolio and your demat account. - What documents are needed to invest in Apollo Green Energy Ltd unlisted shares?
- To invest in Apollo Green Energy Ltd Unlisted Shares on InCred Money, you need to complete your KYC verification by submitting the following documents:
● PAN Card
● Aadhaar Card
● Bank account details
● Demat account details
Once your KYC is successfully completed and approved, you can start investing in unlisted shares on the platform.
