Apollo Green Energy Limited Unlisted Shares - Company Overview
Apollo Green Energy Limited is an unlisted public company incorporated on 25 August, 1994. It is classified as a public limited company and is located in South Delhi, Delhi. Its authorized share capital is INR 40.00 cr and the total paid-up capital is INR 29.28 cr.
Apollo Green Energy Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has decreased by -3.17 % over the previous year.
The Corporate Identification Number (CIN) of Apollo Green Energy Limited is U74899DL1994PLC061080. The registered office of Apollo Green Energy Limited is at Office No. 303, Third Floor, DLF Courtyard, Saket NA, New Delhi, South Delhi, Delhi.
Apollo Green Energy Limited Share Price, Share Details as of March 31, 2024
Apollo Green Energy Limited Outstanding Shares: |
171610287 |
Face Value of Apollo Green Energy Share: |
Rs. 10 Per Equity Share |
ISIN of Apollo Green Energy Limited Share: |
INE838A03029 |
Lot Size of Apollo Green Energy Share: |
1000 |
Apollo Green Energy Share Price: |
Best In Industry |
PAN Number of Apollo Green Energy: |
AAACA6447N |
GST Number of Apollo Green Energy: |
07AAACA6447N2ZD |
Apollo Green Energy Limited Incorporation Details
Apollo Green Energy Limited CIN Number |
U74899DL1994PLC061080 |
Apollo Green Energy Limited Registration Date |
25-Aug-94 |
Category / Sub-Category of Apollo Green Energy Limited |
Public Companies having a share capital |
Apollo Green Energy Limited Registered Office Address |
Office No. 303, Third Floor, DLF Courtyard, Saket, South Delhi, New Delhi, Delhi, India, 110017 |
Apollo Green Energy Limited Board of Directors
| Directors | Post |
RACHNA JAIN |
Independent Director |
RAAJA KANWAR |
Managing Director |
VIVEK BHARATI |
Independent Director |
SUNIL AGRAWAL |
Independent Director |
Apollo Green Energy Ltd Principal Business Activities
| Name and Description of main products/services | NIC Code of the product/service* | % to the total turnover of the Company |
Energy |
401 |
100% |
Apollo Green Energy Limited Consolidated Balance Sheet (Rs in Lakhs)
| Particulars | 31-03-2024 | 31-03-2023 |
| Non-current assets | ||
| Property, plant and equipment | 4,547 | 4,306 |
| Right of use of asset | 747 | 526 |
| Investment Property | 6,710 | 6,340 |
| Goodwill | 6 | 6 |
| Other intangible assets | 41 | 25 |
| Financial assets | ||
| Investments | 33,142 | 26,262 |
| Other Financial assets | 3,859 | 1,660 |
| Other Non-current assets | - | 622 |
| Investment accounted using equity method | 15,097 | 15,435 |
| Deferred tax assets (net) | 956 | 1,891 |
| Current assets | ||
| Inventories | 5,380 | 4,271.00 |
| Financial assets | ||
| Trade receivables | 39,615 | 20,872 |
| Cash and cash equivalents | 238 | 1,340 |
| Bank Balances other than cash & cash equivalents | 5,167 | 5,599 |
| Other financial assets | 11,206.00 | 10,440.00 |
| Other current assets | 21,617 | 20,688 |
| Assets held for sale | - | - |
| Total assets | 148,327 | 120,281 |
| Equity and Liabilities | ||
| Equity share capital | 1,900 | 1,900 |
| Other equity | 51,326 | 45,037 |
| Total equity | 53,226 | 46,937 |
| Non-controlling interest | 16 | 16 |
| Liabilities | ||
| Non-current liabilities | ||
| Borrowings | 27,325 | 19,865 |
| Lease Liabilities | 714 | 476 |
| Other financial liabilities | 603 | 619 |
| Other non-current liabilities | - | 2,086 |
| Provisions | 520 | 447 |
| Deferred tax liabilities (Net) | - | 927 |
| Current liabilities | ||
| Borrowings | 12,863 | 14,178 |
| Lease Liabilities | 77 | 83 |
| Trade payables | ||
| Micro Small & Medium enterprises | 1,509 | 354 |
| Other than Micro Small & Medium enterprises | 20,363 | 11,815 |
| Other financial liabilities | 2,904 | 1,191 |
| Other current liabilities | 26,549 | 20,168 |
| Provisions | 1,658 | 1,118 |
| Total equity and liabilities | 148,327 | 120,281 |
Apollo Green Energy Limited Consolidated Profit & Loss Statement (Rs in Lakhs)
| Particulars | 31-03-2024 | 31-03-2023 |
|---|---|---|
| Revenue from operations | 1,23,427 | 75,340.00 |
| Other income | 3,409 | 3,745 |
| Total income | 1,26,836 | 79,084.00 |
| Expenses | ||
| Purchase of stock in trade | 38,422.00 | 22,513.00 |
| Cost of raw material consumed | 8,170.00 | 9,549.00 |
| Changes in inventories of stock in trade | -145 | -267 |
| Work bills, project supplies & expenses | 58,517 | 30,494 |
| Employee benefit expenses | 5,043 | 5,657 |
| Finance costs | 5,717 | 2,716 |
| Depreciation and amortization expenses | 897 | 604 |
| Other expenses | 6,217.00 | 5,253.00 |
| Total expenses | 1,22,840 | 76,519 |
| Share of net profit/(Loss) of associates and joint venture accounted for using equity method | 121 | 652 |
| Profit (Loss) before tax | 4,117 | 3,217 |
| Tax expenses | ||
| Current tax expense | -574 | -691 |
| MAT credit entitlement | 824 | - |
| Deferred tax charge / (credit) during the year | -508 | -56 |
| Total tax expense | -258 | -747 |
| Profit / (Loss) for the year | 3,859 | 2,471 |
| Other Comprehensive Income | ||
| Items that will not be reclassified to the Statement of Profit or Loss | ||
| Remeasurement gains/(losses) on post-employment defined benefit plans | 55 | 35 |
| Income tax relating to items that will not be reclassified to profit or loss | -323 | -48 |
| Fair Value gain on investments | 3,075 | 379 |
| Other comprehensive income for the year (net of taxes) | 2,806 | 367 |
| Items that will be reclassified to profit or loss | ||
| Foreign exchange translation reserve | -236 | 183 |
| Total | -236 | 183 |
| Total comprehensive income/(loss) for the year | 6,429 | 3,021 |
| Profit Attributable to | ||
| Equity holders of the company | 3,859 | 2,470 |
| Minority shareholders | 0 | -1 |
| Total profit attributable to | 3,859 | 2,471 |
| Other comprehensive income attributable to | ||
| Equity holders of the company | 2,806 | 367 |
| Total other comprehensive income attributable to | 2,806 | 367 |
| Other comprehensive income attributable to | ||
| Equity holders of the company | -236 | 183 |
| Minority shareholders | 0 | 0 |
| Total other comprehensive income attributable to | -236 | 183 |
| Equity holders of the company | 6,429 | 3,020 |
| Minority shareholders | -1 | -1 |
| Total Other Comprehensive Income | 6,429 | 3,019 |
| Earnings per Share | ||
| Basic & Diluted | 20 | 13 |
Apollo Green Energy Limited Consolidated Cash Flow Statement (Rs in Lakhs)
| Particulars | 31-03-2024 | 31-03-2023 |
|---|---|---|
| Cash Flow from Operating Activities | ||
| Profit/Loss before tax | 4,117 | 3,217 |
| Adjustments for: | ||
| Depreciation and amortization expenses | 897 | 604 |
| Rental income | -122 | - |
| Finance cost | 5,631 | 2,669 |
| Interest on lease liability | 86 | 47 |
| Interest income | -765 | -160 |
| Liabilities written back | -581 | - |
| Gain on sale/disposal of fixed assets | - | -6 |
| Profit on sale of stake | -1,134 | -2,529 |
| Loss on sale of fixed assets | 30 | - |
| Dividend income | -44 | -32 |
| Share of profit in Associate | -121 | -652 |
| Operating profit before working capital changes | 7,994 | 3,159 |
| Changes in working capital: | ||
| Trade receivables | -18,743 | 102 |
| Inventories | -1,109 | -580 |
| Loans | - | 36 |
| Other financial assets - Current | -766 | -5,428 |
| Other financial assets - Non-Current | -2,199 | -840 |
| Other assets | -307 | -6,194 |
| Trade payables | 9,703 | 54 |
| Other financial liabilities - Current | 1,713 | -4,101 |
| Provisions | 80 | -457 |
| Other financial liabilities - Non-current | -17 | -4,818 |
| Other liabilities | 4,295 | 7,514 |
| Cash generated from/(used in) operations | 645 | -11,553 |
| Income tax (paid)/refund (net) | 775 | 3,609 |
| Net cash flow from/(used in) operating activities (A) | 1,419 | -7,944 |
| Cash Flow from Investing Activities | ||
| Payment for property, plant and equipment | -610 | -38,756 |
| Proceeds from stake sale | 1,593 | 9,462 |
| Asset held for sale | - | 8,654 |
| Right to use Asset (ROU) | -221 | 1,678 |
| Rental income | 122 | 107 |
| Dividend income | 44 | 32 |
| Investment | -6,880 | -10,319 |
| Loans | - | 1,157 |
| Investment accounted for using equity method | 459 | -11,585 |
| Interest received | 765 | 160 |
| Net cash flow from/(used in) investing activities (B) | -3,508 | 38,103 |
| Cash Flow from Financing Activities | ||
| Proceeds/repayment from borrowings (net) | 6,145 | -27,658 |
| Issue of preference share (Equity Component) | - | 1,620 |
| Payment towards lease liabilities | 146 | -1,720 |
| Changes in Non-Controlling Interest | 0 | - |
| Capital reserve | -140 | -157 |
| Interest paid | -5,595 | -2,542 |
| Net cash used in financing activities (C) | 555 | -30,458 |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | -1,534 | -299 |
| Cash and Cash Equivalents at Beginning of Year | 6,939 | 7,238 |
| Cash and Cash Equivalents at End of Year | 5,405 | 6,939 |
| Cash and Bank Balances at End of Year | ||
| Balances with banks - Current accounts | 234 | 1,330 |
| Cash on hand | 4 | 9 |
| Others | 5,167 | 5,599 |
| Total Cash and Bank Balances at End of Year | 5,405 | 6,939 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities:
The company generated an operating profit before working capital changes of ₹7,994 Lakhs in FY 2024 compared to ₹3,159 Lakhs in FY 2023.
Adjustments for depreciation, finance costs, and other non-cash items such as liabilities written back, profit on stake sale, and changes in provisions influenced this figure.
Working capital changes had a significant negative impact, with major reductions in trade receivables (₹18,743 Lakhs) and inventories (₹1,109 Lakhs). However, increases in trade payables (₹9,703 Lakhs) and other liabilities (₹4,295 Lakhs) offset some of this impact.
After accounting for income tax refunds, the net cash inflow from operating activities was ₹1,419 Lakhs in FY 2024, compared to a net outflow of ₹7,944 Lakhs in FY 2023.
Cash Flow from Investing Activities:
Payments for property, plant, and equipment amounted to ₹610 Lakhs, alongside investments of ₹6,880 Lakhs, reflecting significant capital expenditure and investment activities.
Proceeds from stake sales contributed ₹1,593 Lakhs, and income from rental and dividends provided additional cash inflows.
Net cash used in investing activities was ₹3,508 Lakhs in FY 2024, a sharp decline compared to a net inflow of ₹38,103 Lakhs in FY 2023, which had been boosted by asset sales and equity method adjustments.
Cash Flow from Financing Activities:
Borrowings provided a net cash inflow of ₹6,145 Lakhs in FY 2024, contrasting with the previous year 's repayment-driven net outflow of ₹27,658 Lakhs.
Interest payments amounted to ₹5,595 Lakhs, and payments towards lease liabilities added ₹146 Lakhs in outflows.
The net cash inflow from financing activities in FY 2024 was ₹555 Lakhs, reversing a net outflow of ₹30,458 Lakhs in FY 2023.
Net Increase/Decrease in Cash and Cash Equivalents:
Combining all activities, there was a net decrease of ₹1,534 Lakhs in cash and cash equivalents in FY 2024 compared to a decrease of ₹299 Lakhs in FY 2023.
Cash and Cash Equivalents:
The year ended with cash and bank balances of ₹5,405 Lakhs, down from ₹6,939 Lakhs at the start of the year.
Of this, ₹234 Lakhs was in current accounts, ₹4 Lakhs in cash on hand, and ₹5,167 Lakhs categorized under other bank balances.
Financial Ratios of Apollo Green Energy Limited
| Particulars | 2024 | 2023 |
| Current Ratio | 1.34 | 1.39 |
| Debt – Equity Ratio | 0.9 | 0.77 |
| Debt Service Coverage Ratio | 1.02 | 1.43 |
| Return on Equity Ratio | 8.85% | 10.73% |
| Inventory Turnover ratio | 131 | 96 |
| Trade receivables turnover ratio | 3.1 | 2.76 |
| Trade payables turnover ratio | 6.01 | 5.91 |
| Net capital turnover ratio | 5.8 | 3.95 |
| Net Profit Ratio | 2.59% | 4.67% |
| Return on capital employed | 13.59% | 12.01% |
Here is a summary of the financial and operational metrics for Apollo Green Energy Limited for the years 2024 and 2023:
Current Ratio (1.34):
The current ratio decreased slightly from 1.39 in 2023, indicating a minor reduction in short-term liquidity. While the ratio still exceeds 1, implying sufficient current assets to cover current liabilities, the decline suggests a closer balance between these element.
Debt-Equity Ratio (0.9):
The debt-equity ratio increased from 0.77 in 2023, showing a rise in the company’s reliance on debt to finance its operations. While a ratio below 1 is generally acceptable, the increase highlights higher financial leverage, which could increase risk in case of adverse financial conditions.
Debt Service Coverage Ratio (1.02):
The DSCR dropped significantly from 1.43 to 1.02, indicating that the company 's ability to cover debt obligations from operating earnings has weakened. A ratio close to 1 suggests that the company is just meeting its debt service requirements, leaving little margin for financial flexibility.
Return on Equity (ROE) (8.85%):
ROE fell from 10.73% in 2023 to 8.85% in 2024, reflecting reduced profitability for shareholders. This could be due to lower net profit margins or higher equity levels diluting returns. The decline signals the need to evaluate profitability drivers and operational efficiency.
Inventory Turnover Ratio (131):
A significant improvement from 96 in 2023 to 131 in 2024 indicates better inventory management and faster turnover. This implies efficient sales and reduced holding periods for inventory, which can enhance working capital efficiency.
Trade Receivables Turnover Ratio (3.12):
The increase from 2.76 in 2023 to 3.12 in 2024 suggests improved credit collection practices or shorter credit terms, leading to faster cash realization from customers.
Trade Payables Turnover Ratio (6.01):
The ratio remained relatively stable, with a slight increase from 5.91 in 2023 to 6.01 in 2024. This indicates consistency in how quickly the company pays its suppliers, maintaining healthy vendor relationships.
Net Capital Turnover Ratio (5.8):
The significant rise from 3.95 in 2023 to 5.8 in 2024 highlights improved efficiency in utilizing net working capital to generate revenue. This points to better operational management.
Net Profit Ratio (2.59%):
The drop from 4.67% in 2023 to 2.59% in 2024 signals reduced profitability per unit of revenue. This decline could be driven by higher costs, increased financial expenses, or reduced pricing power.
Return on Capital Employed (ROCE) (13.59%):
ROCE increased from 12.01% in 2023 to 13.59% in 2024, showing better overall efficiency in utilizing capital to generate returns. This suggests operational improvements, despite reduced profitability margins.
| Particulars | 2024 | 2023 |
| Dividend Per Share (in rs.) | - | - |
| Retained Earnings (Rs. In Lakhs) | 16,022.00 | 13,456.00 |
Apollo Green Energy Limited Recent Financial Performance
Dividend per Share: The specific dividend per share figure for 2024 and 2023 is not provided. Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.
Retained Earnings: Retained earnings for 2024 amounted to Rs 16,022 Lakhs, while in 2023, they were Rs. 13,456 Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.
To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance
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