Gujarat Apollo Industries Presents Strategic Vision Targeting ₹300 Crores Revenue Through Dual-Engine Growth Strategy
Gujarat Apollo Industries Limited has presented its strategic vision targeting ₹300 crores in combined revenue through a dual-engine growth strategy across infrastructure and agriculture equipment sectors. The company projects ₹210 crores from infrastructure equipment and ₹90 crores from agriculture equipment through subsidiaries and associates over the next three years. The expansion is supported by ₹26 crores committed capex funded through preferential warrant conversion, allocated for facility modernization and capacity expansion.

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Gujarat Apollo Industries Limited has unveiled its comprehensive strategic vision and roadmap, targeting ₹300 crores in combined revenue through a dual-engine growth strategy spanning infrastructure and agriculture equipment sectors over the next three fiscal cycles. The investor presentation, released under Regulation 30 of SEBI regulations, outlines the company's ambitious expansion plans and diversification strategy.
Strategic Revenue Targets and Growth Framework
The company has established clear revenue projections across its dual business verticals. The infrastructure equipment segment, driven by core strengths in road-construction equipment and mining equipment, targets ₹210 crores in revenue over three years. Simultaneously, the agriculture equipment business, operating through subsidiary and associate companies including Fieldtrack, Krishitek, and Ganesh Agro, aims to generate ₹90 crores in aggregated revenue over two years.
| Business Segment | Revenue Target | Timeline | Key Focus Areas |
|---|---|---|---|
| Infrastructure Equipment | ₹210 crores | 3 years | Road-construction & Mining Equipment |
| Agriculture Equipment | ₹90 crores | 2 years | Subsidiaries & Associates |
| Combined Target | ₹300 crores+ | 3 years | Dual-engine strategy |
Comprehensive Product Portfolio and Market Positioning
Gujarah Apollo's current product line encompasses multiple equipment categories across infrastructure and agriculture sectors. The road-construction equipment division includes asphalt mixing plants, wet-mix plants, paver finishers, and allied equipment. The mining equipment segment features jaw crushers, impact crushers, cone crushers, vibrating screens, and conveyors. Additionally, the company is developing material handling equipment, specifically pick and carry cranes currently under development.
The agriculture equipment portfolio operates through specialized entities, each focusing on specific market segments:
| Entity | Product Focus | Specifications |
|---|---|---|
| Fieldtrack Earthmovers | Small Tractors | 14 to 25 hp range |
| Krishitek Industries | Harvesting & Maintenance | Walk-behind Reapers, Reaper attachments, Weeders |
| Ganesh Agro Equipment | Planting & Processing | Thrashers, Potato Planters, Flail Mowers, Rotavators |
Capital Investment and Facility Expansion
The strategic expansion is supported by a committed capex of ₹26 crores, funded through conversion of preferential warrants to equity. This investment is allocated for modernization and capacity expansion of existing facilities, covering both the parent company and subsidiaries/associates level to meet growing demand. The funding mechanism ensures no major debt burden for this capex initiative.
The company's manufacturing facilities are located 60 kilometers north of Ahmedabad, near Mehsana, spanning land areas of 30,000 square meters and 17,000 square meters. The expansion project is scheduled for completion by June 2026, with Phase II expansion planned for 2028.
Three-Phase Implementation Roadmap
Gujarat Apollo has structured its growth strategy into three distinct phases over the next 36 months. Phase I focuses on foundation building, including completing the 50% acquisition of Ganesh Agro and executing the ₹26 crore modernization capex. Phase II emphasizes acceleration through expanding the dealer network for agriculture equipment, leveraging brand image for infrastructure equipment, and launching pick and carry cranes. Phase III targets realization of revenue goals, achieving over ₹210 crores in infrastructure equipment revenue and over ₹90 crores in agriculture equipment revenue.
Long-term Vision and Market Strategy
The company's roadmap extends beyond the immediate three-year horizon, with plans to restart road-construction equipment and build agriculture equipment business through subsidiaries and associates by 2026. By 2029, Gujarat Apollo aims to achieve ₹300 crores in combined revenue through its balanced portfolio. The long-term vision for 2031 includes growing revenue to ₹500 crores through addition of new products and businesses via acquisitions and strategic partnerships.
Established in 1987 as part of the Gujarat Apollo Group with over 50 years of engineering legacy, the company leverages its long-standing market presence and favorable brand image among existing customers as strategic advantages in the competitive landscape.
Historical Stock Returns for Gujarat Apollo Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.93% | +11.35% | -1.49% | -15.39% | +48.24% | +88.80% |































