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APOLLO GREEN ENERGY  LTD Logo

APOLLO GREEN ENERGY LTD

Last Traded Price

₹108.00 ( -0.92 % ) 🔻

Principles

Company Name

APOLLO GREEN ENERGY LTD


ISIN No.

INE838A01015


No. of Outstanding Shares

19000000


PAN No.

AAACA6447N


Face Value

₹ 10.00


EPS

₹20.31


PE ratio

9.35


P/S Ratio

0.28


Market Capitalization (in Cr)

₹361.00


Book value

₹280.14


P/BV

0.68


DRHP Filed?

No


Available on

nsdl/cdsl


Sector

GREEN ENERGY


CIN

U74899DL1994PLC061080


Registration Date

Aug. 25, 1994


Stock Performance

Stock Price Over Time

Share Details

COMPANY SNAPSHOT

Apollo Green Energy is a fast-growing EPC specialist in utility-scale renewables, now scaling into storage, hydrogen, wind, and manufacturing. With ₹3.5k+ Cr orders, robust margins, and an IPO on the horizon, it’s positioning itself for a major leap.

Founded: August 25, 1994

Parent Group: Apollo International Group

Headquarters: Delhi NCR, with operations across 8 Indian states.

Business Model & Segments

Apollo Green Energy is an EPC (Engineering, Procurement, and Construction) company focused on renewable energy, offering:

  • Utility-scale solar – 400 MW+ under execution
  • Wind farms
  • Hybrid systems – solar + wind + storage
  • Battery Energy Storage Systems (BESS) and flue gas desulfurization (FGD) projects
  • Green hydrogen infrastructure

In March 2025, they formed AGEL Renewable Energy Ltd, investing ₹500 Cr to develop a 1 GW renewables portfolio, accelerated through tenders and PPAs.

Key Projects & Capabilities

Solar Projects:

  • 40 MW fixed-tilt (Odisha), 50 MW floating (Kerala), 200 MW tracker (Gujarat)

Smart street lighting: 150,000+ solar streetlights in Bihar

FGD Project: ₹700 Cr flue gas desulfurization at Anuppur thermal plant

Strategic Focus & Competitive Edge

  • Asset-light model across 8 states with advanced tech – trackers, floating solar, storage, hydrogen
  • Diversified solutions: solar, wind, hybrid, energy storage, green hydrogen, FGD
  • Strong parentage and an improving CRISIL rating (BBB/Stable long-term)

INDUSTRY OUTLOOK

1. Strong Growth Trajectory

  • India aims to reach 500 GW of non-fossil fuel capacity by 2030.
  • As of 2025, installed renewable capacity (excluding large hydro) stands at over 137 GW.
  • Utility-scale projects contribute ~85% of new renewable installations.

2. Dominance of Solar and Rise of Hybrid

  • Utility-scale solar continues to dominate due to falling costs and high scalability.
  • Hybrid projects (solar + wind) are gaining traction for grid balancing and power reliability.
  • Round-the-Clock (RTC) power tenders are rising, integrating storage for firm power supply.

3. Accelerated Demand from Corporates

  • Growing demand from industries, data centers, and commercial users for green power.
  • ESG mandates and decarbonization targets driving private investments.

4. Government Policy Support

  • Inter-state transmission (ISTS) charge waiver extended till 2030 for solar and wind.
  • PLI schemes for solar modules, advanced batteries, and green hydrogen infrastructure.
  • Flexible ALMM (Approved List of Models and Manufacturers) implementation to support execution.

5. Energy Storage Becoming Critical

  • Surge in Battery Energy Storage System (BESS) tenders to complement solar/wind.
  • Storage is essential for peak-hour reliability and RTC delivery.
  • Government pilot schemes and Viability Gap Funding (VGF) being introduced for BESS.

6. International Capital & FDI Flowing In

  • India attracts >$10 billion FDI in renewables in last five years.
  • Climate-focused funds, sovereign investors, and multilateral banks are active.
  • Partnerships with global developers in solar, wind, and hydrogen.

7. Future Outlook (2025–2030)

  • Expected 15–20% CAGR in utility-scale renewables.
  • Share of hybrid and RTC projects will grow rapidly.
  • BESS and green hydrogen-linked renewables to emerge as new growth segments.

8. Strategic Opportunity

India is evolving into a global renewable hub with manufacturing, R&D, and export potential.

Early movers in storage, RTC, and green hydrogen are best positioned for long-term gains.


LATEST SHAREHOLDING PATTERN FOR APOLLO GREEN ENERGY LTD.

ShareholderShareholding (%)
OSK Holdings (AIL) Pvt Ltd32.0%
AIL Consultants Pvt Ltd21.3%
Raaja Kanwar (Promoter)18.2%
Amit Dyechem Pvt Ltd15.2%
Global Propmart Pvt Ltd13.2%
Others1.0%
Total100.0%