Apollo Pipes Limited has filed its Business Responsibility and Sustainability Report for FY 2025-26, outlining its environmental, social, and governance (ESG) performance. The report highlights the company's commitment to sustainable operations, including the achievement of specific targets such as zero regulatory fines and fatalities during the financial year. Apollo Pipes reported that 28% of its total energy consumption was derived from renewable sources, primarily solar energy, as part of its efforts to reduce its carbon footprint.

Governance and Compliance

The company confirmed that all policies are aligned with the National Guidelines on Responsible Business Conduct (NGRBC) principles. Apollo Pipes maintained a zero-tolerance approach towards bribery and corruption, with no reported cases or disciplinary actions against employees or directors for such charges during the year. The Board of Directors oversees sustainability issues through a dedicated Risk Management Committee. The report also noted that the company did not undertake an independent external assessment of its policies during the reporting period, relying instead on internal audits and regulatory reviews.

Environmental Performance

Apollo Pipes disclosed its energy and water consumption data, reporting a total energy consumption of 76,662 gigajoules for the standalone entity. The company has implemented a comprehensive waste management framework in compliance with the Plastic Waste Management (PWM) Rules and Extended Producer Responsibility (EPR) mandate. While the company does not currently have facilities for zero liquid discharge, it emphasized the judicious use of water in manufacturing operations. The Scope 1 and Scope 2 emissions data were assessed by Sustainability Actions Private Limited.

Social and Employee Welfare

The company reported a workforce of 411 permanent employees and 397 workers, with women comprising 3% of the permanent employees and 0.3% of the workers. Apollo Pipes provided health insurance coverage to 87% of permanent employees and 48% of permanent workers. The company conducted periodic health check-ups and safety training programs, achieving 100% training coverage for its Board of Directors and Key Managerial Personnel. An internal safety committee conducted regular inspections and mock drills to ensure workplace safety.

Stakeholder Engagement and CSR

Apollo Pipes engaged with stakeholders through various channels, including continuous engagement with employees and customers, and periodic meetings with government authorities. The company undertook Corporate Social Responsibility (CSR) projects in designated aspirational districts, benefiting over 11,000 individuals. The report also detailed the company's mechanisms for receiving and redressing grievances from employees, workers, and the community, ensuring a structured approach to conflict resolution and feedback management.

Apollo Pipes Limited reported a consolidated revenue of ₹1,105 crore for the financial year ended March 31, 2026, a 6% decline year-on-year. EBITDA stood at ₹66 crore with a margin of 6.0%, while profit after tax was ₹7 crore. The company commissioned its Greenfield manufacturing facility at Varanasi and completed the integration of Kisan Mouldings Limited.

The performance was impacted by volatility in PVC resin prices, cautious channel restocking behaviour and subdued infrastructure spending. Despite these headwinds, the company delivered resilient performance in its core housing and plumbing verticals. Sales volume for the year was 1,03,752 tonnes, a 4% improvement over the previous year.

Strategic Developments

The company commissioned its Greenfield manufacturing facility at Varanasi, adding 18,000 tonnes of capacity to strengthen its presence in Eastern India. The integration of Kisan Mouldings Limited was completed across procurement, IT, finance and sales functions. Additionally, the company entered the uPVC windows and door profiles segment with an initial capacity of 3,000 tonnes.

A strategic partnership was forged with Lubrizol for the supply of CPVC resin based on TempRite technology to strengthen positioning in high-margin segments.

Financial Position

The balance sheet remained supported by internal accruals and financial discipline. Shareholders’ funds stood at ₹819 crore as of March 31, 2026, while the net debt position was ₹40 crore. The company’s total installed capacity reached approximately 240,000 tonnes, with plans to scale up to nearly 288,000 tonnes over the next two years.

Operational Highlights

The company maintained zero fatalities across operations for the sixth consecutive year. It invested in capability building through structured learning initiatives and HR digitisation. The workforce increased to 719 employees during the year.

Outlook

The company’s five-year growth roadmap targets ₹5,000 crore in revenue by FY2031. The Board has recommended a final dividend of ₹0.70 per equity share for the financial year 2025-26, subject to shareholder approval.