Investment Overview

Apollo Green Energy Limited is an unlisted company operating in the Utilities sector (Renewable Energy). Apollo Green Energy Limited is a renewable energy EPC company delivering utility-scale and distributed solar projects. Building on decades of EPC expertise through its parent group, the firm engineers, procures and constructs solar plants and integrates them with the grid. Offerings span ground-moun…

Strengths

• : Well-founded Sector Position – 30+ years of experience, diversified processes, and strong industry relationships ensure stability.
• : Steady Progress – 36% revenue CAGR with ₹1,800 crore EPC order book providing 2.5–3 years of visibility.
• : Robust Financials – Moderate gearing (~0.6x), well-managed borrowings, and stable margins (8-9%).

Key Risks

• : Margin Volatility – Margins dropped to ~5% in FY23, improving to ~8% in 9M FY24, but still fluctuating.
• : EPC Execution Risks – Regulatory delays and tender-based business consequence sales visibility and operational scale.

Valuation View

The current unlisted market price is ₹65.34 per share with a market capitalisation of approximately ₹268 crore. The company is currently unlisted and investors should factor in illiquidity risk and longer holding horizons. Investors are advised to review the full financial data and consult an advisor before investing.