Apollo Green Energy Limited (AGEL)

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Company Overview

Apollo Green Energy Limited (AGEL), a flagship entity of the renowned Apollo Group, is a leading player in India’s renewable energy space. Established in 1994, AGEL delivers comprehensive green energy solutions with core expertise in solar power, wind energy, and energy storage systems. With nearly three decades of proven excellence, AGEL stands at the forefront of India’s transition to sustainable energy.

🏢 Company Overview

ParticularsDetails
CINU74899DL1994PLC061080
Date of Incorporation25 August 1994
Former NameApollo International Limited
Authorized Capital₹27.25 Crores
Paid-up Capital₹21.74 Crores
Credit RatingCRISIL BBB/Stable (Long-term), A3+ (Short-term)
Head OfficeGurgaon, India
Registered OfficeDLF Courtyard, New Delhi
Group AffiliationApollo Group

AGEL functions as a closely held public limited company, benefiting from the Apollo Group’s strong legacy across sectors such as tyres, logistics, healthcare, apparel, and green technology.

🧩 Business Verticals

AGEL operates through three primary business divisions:

🔋 1. Green Energy Solutions

  • Complete lifecycle execution of solar, wind, and energy storage projects

  • Turnkey delivery with a sustainability-first approach

🏗️ 2. Engineering, Procurement & Construction (EPC)

  • Specializes in medium and large-scale infrastructure

  • Key sectors: power, oil storage, transmission, solar, irrigation, and sugar

🌐 3. Supply of Goods

  • Trading in tyres, batteries, lubricants, white goods, and electronics

  • Global operations: India, Dubai, Singapore, and China

  • Product distribution in over 70 countries

 

✅ Projects Under Execution – ₹1,735 Cr

Client / ProjectDetailsValue (₹ Cr)
Photonics WaterTechSmart solar street lighting, Bihar392
Adani Green / Nesteye15 GW Solar project, Gujarat100
MB PowerFGD Systems, Anuppur Thermal Plant, MP677.5
IOCL – BarauniRefinery capacity expansion313.72
IOCL – VadodaraPetrochemical & lube integration133.53
Municipal Council PalwalWater supply system, Haryana42.9
UP State Water MissionRural water supply projects75

🏗️ Projects Awarded – ₹2,330 Cr

Client / ProjectDetailsValue (₹ Cr)
NHPC200 MW Solar PV, Gujarat966
Patepur Solar200 MW EPC, Bihar1024
Ambika JV11 KV Line development, Bhopal190
NHPC40 MW Solar Project, Odisha151
NTPC / Sterling Wilson1250 MW Solar Park, Gujarat (pipeline)500
Gurugram Municipality25 MW Waste-to-Energy Plant (pipeline)500

🏢 Organizational Framework

AGEL’s structure ensures agility and operational excellence across all business functions:

  • Corporate Headquarters: Led by the CEO and supported by divisions such as engineering, procurement, business development, contracts, and HR.

  • Project Sites: Each site operates independently with dedicated engineering teams across mechanical, electrical, and civil domains.

🎯 Strategic Vision (2025–2030)

AGEL is committed to accelerating India’s clean energy roadmap with the following strategic initiatives:

  • Expand order book to ₹5,000 Cr

  • Win large-scale PSU and EPC contracts

  • Backward integrate in the solar value chain

  • Enter into wind energy, EV charging infrastructure, and green hydrogen

  • Collaborate with institutional investors (e.g., Resonance Fund – ₹40 Cr investment)

📈 Projected Revenue & Profit

YearRevenue (₹ Cr)Expected Profit (₹ Cr)
FY 2024–2578062
FY 2025–261,360102
FY 2026–272,050162

Fundamentals

ParticularValueParticularValue
Share Price₹145Lot Size500 Shares
52-Week High₹52552-Week Low₹145
DepositoryNSDL & CDSLPAN NumberAAACA6447N
ISININE838A01015CINU74899DL1994PLC061080
RTAAlankit AssignmentsMarket Cap₹502 Cr
P/E Ratio13.06P/B Ratio0.89
Debt to Equity0.73ROE (%)6.97%
Book Value₹162.09Face Value₹10
Total Shares3,46,10,287  

Promoters & Managements

NameDesignation
Raaja KanwarChairman & MD
Sanjay GuptaCEO
Rakesh GuptaPresident – Strategic Initiatives
Set Alert to Buy or Sell Shares
Share Buy Sell Form

Income Statement
Balance Sheet
Cash Flow

Profit & Loss (P&L) Statement (₹ in Crores)

ParticularsFY 2022FY 2023FY 2024
Revenue8107531234
Cost of Material Consumed262321465
Gross Margins (%)67.6557.3762.32
Change in Inventory-1-3-1.45
Employee Benefit Expenses945650
Other Expenses396357647
EBITDA592273.45
Operating Profit Margin (OPM%)7.282.925.95
Other Income584434
Finance Cost802757
Depreciation & Amortization (D&A)3468.97
EBIT251664.48
EBIT Margin (%)3.092.125.23
Profit Before Tax (PBT)783241
PBT Margin (%)9.634.253.32
Tax3772.58
Profit After Tax (PAT)412538.42
Net Profit Margin (NPM%)5.063.323.11
Earnings Per Share (EPS)21.5813.1620.22

📈 Key Financial Ratios

RatiosFY 2022FY 2023FY 2024
Operating Profit Margin (%)7.282.925.95
Net Profit Margin (%)5.063.323.11
Earnings Per Share (EPS)21.5813.1620.22

Balance Sheet Summary (₹ in Crores)

Assets

AssetsFY 2022FY 2023FY 2024
Fixed Assets4444345
Capital Work-in-Progress (CWIP)0.800
Investments268480331
Trade Receivables210209396
Inventory374353
Other Assets510.2428658
Total Assets147012031483

Liabilities & Equity

Liabilities & EquityFY 2022FY 2023FY 2024
Share Capital191919
Face Value (₹)101010
Reserves & Surplus412450532
Borrowings609340401
Trade Payables1391390
Other Liabilities291255531
Total Liabilities147012031483

Cash Flow Statement (₹ in Crores)

ParticularsFY 2022FY 2023FY 2024
Profit Before Tax (PBT)-122641
Operating Profit Before Working Capital (OPBWC)85-5379
Change in Trade Receivables-461-187
Change in Inventories-10-6-11
Change in Trade Payables271897
Other Changes-17-7628.45
Working Capital Change-46-63-72.55
Cash Generated from Operations39-1166.45
Tax Paid-6367.75
Cash Flow from Operations33-8014.2

🏗️ Cash Flow from Investing Activities

ParticularsFY 2022FY 2023FY 2024
Purchase of PPE0483-6.1
Sale of PPE82015.93
Cash Flow from Investing50381-35.17

💰 Cash Flow from Financing Activities

ParticularsFY 2022FY 2023FY 2024
Borrowing-48-27761.45
Dividend000
Equity Infusion44.4816.20
Others from Financing-65.48-43.2-56
Cash Flow from Financing-69-3045.45

Net Cash Movement

ParticularsFY 2022FY 2023FY 2024
Net Cash Generated14-3-15.52
Cash at the Beginning587269
Cash at the End726953.48
Set Alert to Buy or Sell Shares
Share Buy Sell Form

Share Holding Pattern

          Shareholding Pattern (FY 2024)

ShareholderType% HoldingYear
OSK Holdings (AIL) Private LimitedPromoter Group32%2024
AIL Consultants Private LimitedPromoter Group21%2024
Raaja KanwarIndividual Promoter18%2024
Amit Dyechem Private LimitedInstitutional / Private15%2024
Global Propmart Private LimitedInstitutional / Private13%2024
OthersPublic / Others1%2024