Apollo Green Energy Unlisted Shares
Apollo Green Energy Limited
INE838A01015
Listing Status: DRHP Not Filed
About Apollo Green Energy Unlisted Shares
Overview of Apollo Green Energy Unlisted Shares
Apollo Green Energy Limited (AGEL), formerly known as Apollo International Limited, is a leading name in India’s renewable energy sector. Founded in 1994 and headquartered in Gurgaon, with a registered office in New Delhi, AGEL is part of the Apollo Group, a major Indian conglomerate with a wide-ranging portfolio.
AGEL specializes in delivering comprehensive solutions for renewable energy projects, with a strong focus on solar power, wind energy, and energy storage. Drawing on the Apollo Group’s extensive experience across diverse sectors, including tyres, healthcare, logistics, apparel, and footwear, AGEL is strategically positioned to drive green energy initiatives and contribute to India’s sustainability goals.
Company Name | APOLLO GREEN ENERGY LIMITED |
Company Type | Unlisted Public Company |
Industry | Infrastructure | EPC | Logistics |
Founded | 1994 |
Registered Address | New Delhi, India |
Business Overview
AGEL operates through three main business verticals: Green Energy, Engineering Procurement & Construction (EPC), and Supply of Goods.
- Green Energy Division: This division focuses on providing end-to-end solutions for renewable energy projects, ensuring the seamless integration of solar power, wind energy, and energy storage systems.
- Engineering, Procurement & Construction (EPC) Division: Specializing in medium and large-scale infrastructure and industrial projects, this division undertakes turnkey projects in power, oil storage, transmission, solar, irrigation, and sugar processing sectors across international and domestic markets.
- Supply of Goods Division: Engaged in trading tyres, batteries, lubricants, white goods, and electronic goods, this division operates in India, Dubai, Singapore, and China, overseeing marketing and distribution operations in 70 countries.
Projects Under Execution
AGEL has a diverse portfolio of ongoing and awarded projects:
- Photonics WaterTech: Installation of smart solar street lights in Bihar (₹392 Cr)
- Adani Green/Nesteye Insights Pvt. Ltd.: Solar panel installation for the 15 GW Adani Power Project in Gujarat (₹100 Cr)
- MB Power: Flue Gas Desulfurization (FGD) Systems for Anuppur Thermal Power Project in Madhya Pradesh (₹677.5 Cr)
- IOCL: Capacity expansion at Barauni refinery (₹313.72 Cr)
- IOCL: Petrochemical and Lube Integration Project in Vadodra, Gujarat (₹133.53 Cr)
- Municipal Council Palwal: Water supply system in Palwal, Haryana (₹42.9 Cr)
- State Water and Sanitation Mission: Rural water supply projects in Uttar Pradesh (₹75 Cr)
Projects Awarded
- NHPC: 200 MW Solar PV Power Project in Gujarat (₹966 Cr)
- Patepur Solar Power Project (P) Ltd.: 200 MW EPC project in Bihar (₹1024 Cr)
- Joint Venture with Ambika Associate: Associated works of 11 KV Line in Bhopal (₹190 Cr)
- NHPC: 40 MW Solar Power Project in Odisha (₹151 Cr)
- NTPC/Sterling Wilson: EPC contract for 1250 MW NTPC Solar Park project in Gujarat (₹500 Cr, Pipeline)
- Municipal Corporation of Gurugram (EcoGreen Energy Pvt. Ltd.): Managing and processing waste, establishing a 25 MW Waste to Energy plant in Haryana (₹500 Cr, Pipeline)
The total value of projects under execution stands at ₹1735 Cr, with awarded projects amounting to ₹2330 Cr.
Subsidiary Companies
AGEL has several subsidiaries, including Apollo Logisolutions Ltd. and Apollo Pro X Limited, extending its reach in logistics, apparel, and more.
Management of the Company
Industry Overview
The India Power EPC market, valued at USD 13.8 billion in 2022, is projected to grow at a CAGR of 21.94%, reaching USD 45.36 billion by 2029, driven by rising energy demand, government initiatives, and technological advancements. Rapid industrialization, urbanization, and programs like "Power For All" are expanding market opportunities, while innovations in power generation and transmission boost growth. The market is segmented by power generation, with a dominance of thermal and rising renewable energy, and by transmission, where investments in network enhancement are significant. Regional demands vary across North, South, East, and West India. Despite regulatory constraints and COVID-19 disruptions, key players like BHEL, Larsen & Toubro, Tata Group, and Sterlite Power Transmission are enhancing their positions through mergers, acquisitions, and new projects.
Insights of Apollo Green Energy Unlisted Shares
Green Energy Solutions - AGEL
Latest Insights of AGEL:
- Apollo Green Energy Limited (AGEL), part of Apollo International Group, is working towards expanding its renewable energy portfolio to ₹10,000 crore by 2025.
- The company currently manages projects worth ₹3,500 crore, with ₹2,500 crore invested in solar power projects spread across multiple states.
- AGEL plans to go public in 2025 through an Initial Public Offering (IPO) to raise funds for further growth and new initiatives.
- It operates in eight states and has developed 400 MW of solar power installations, playing a crucial role in India’s renewable energy sector
- AGEL is also finalizing a ₹700 crore Flue Gas Desulfurization (FGD) project, aimed at reducing emissions in power generation.
AGEL- Ongoing Projects
- AGEL is executing a 40 MW fixed tilt solar project in Odisha, contributing to renewable energy generation.
- A 50 MW floating solar project is underway in Kerala, utilizing water bodies to install solar panels.
- In Gujarat, AGEL is working on a 200 MW solar tracker installation, which increases energy efficiency by adjusting panel angles.
- The company is setting up 1,50,000 smart solar street lights in Bihar, focusing on energy-efficient lighting with remote monitoring capabilities.
Financial Insights of AGEL:
This table now indicates that the FY24 all figure is provisional, based on estimates or interim data, until the company officially discloses the final figures.
Share Outstanding and Fundraising Details
Funding Rounds:
Investors | Date | Number of Shares |
Kamal Mavji, Ankush Kedia, Marfatia Stock Broking, Mohit Vinodkumar Aggarwal | July 1, 2024 | 2,47,500 |
Omas Securities, AS Finalysis Venture, Noida Holding Pvt ltd | July 2, 2024 | 6,65,454 |
Ritu Gupta, Ajeet Modi, India Ahead Venture Fund | July 3, 2024 | 3,92,536 |
Green Portfolio Pvt Ltd, Resonance opportunity Fund | July 4, 2024 | 11,13,840 |
Utsav Pramodkumar Shrivastav, Green Portfolio Pvt Ltd, Dinero Finance and Investment | July 10, 2024 | 2,59,241 |
Raaja Kanwar (Promoter) | July 30, 2024 | 50,00,000 |
Total Fundraised | 76,78,571 |
Share Outstanding as of 31st July 2024:
Particulars | Date | Number of Shares |
---|---|---|
Number of Equity Shares Outstanding | March 2024 | 1,90,00,000 |
Compulsorily Convertible Preference Shares | March 2024 | 22,03,416 |
Total Fundraised in July | July 1 to July 30 | 76,78,571 |
Total Outstanding Shares | 2,88,81,987 |
Peer Comparison
₹ in crores- as of FY 2023
Particulars | Apollo Green Energy Ltd | Zodiac Energy Ltd | Ganesh Green Bharat Ltd. | Bondada Engineering Ltd |
Revenue | 790 | 140 | 90 | 371 |
PAT | 25 | 3 | 8 | 17 |
Share Price (July 24) | 480 | 729 | 433 | 2543 |
Market Capital | 1382 | 1069 | 1074 | 5493 |
P/E Ratio | 55.30 | 356.33 | 134.25 | 323.11 |
P/S Ratio | 1.75 | 7.69 | 11.93 | 14.80 |
SWOT Analysis
Strengths:
- Diverse Revenue Streams: AGEL’s operations span across green energy, EPC projects, and goods supply, reducing dependency on any single sector.
- Strong Financial Position: Robust capital structure with a gearing ratio of 1.05 times and strong interest cover ratios.
- Healthy Order Book: Significant order book in the EPC segment valued at approximately ₹1240 crore, indicating revenue visibility and growth potential.
- Global Presence: Extensive geographical reach, operating in over 70 countries, which provides stability and resilience.
Weaknesses:
- Volatile Profitability: Operating margins have been inconsistent (6-10%) due to disruptions like COVID-19, impacting Return on Capital Employed (RoCE).
- High Working Capital Requirements: Increased gross current asset (GCA) days, currently at 263 days, indicating potential liquidity issues.
- Project Execution Risks: Exposure to execution risks such as time and cost overruns, land acquisition issues, and political interference.
Opportunities:
- Expansion in Renewable Energy: Plans to diversify into wind energy, energy storage solutions, and EV charging stations offer growth potential.
- Government Initiatives: Benefiting from India’s Vision 2030 targets for renewable energy, including 500 GW capacity and net-zero goals.
- Technological Advancements: Investing in cutting-edge technologies and innovations in the renewable sector to enhance competitiveness and efficiency.
Threats:
- Commodity Price Risks: Fluctuations in commodity prices can impact project costs and margins.
- Tender-Based Risks: Dependency on tenders for EPC projects introduces uncertainty and potential delays.
- Regulatory and Environmental Risks: Navigating complex regulatory environments and meeting environmental standards can pose challenges.
Financial Charts of Apollo Green Energy Unlisted Shares
Balance Sheet of Apollo Green Energy Unlisted Shares
Profit and Loss of Apollo Green Energy Unlisted Shares
Ancillary of Apollo Green Energy Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Apollo Green Energy Unlisted Shares
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How to buy Apollo Green Energy Limited?
Below are three ways through which you can purchase Apollo Green Energy Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Apollo Green Energy Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Apollo Green Energy Limited?
Below are three ways through which you can sell Apollo Green Energy Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Apollo Green Energy Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Apollo Green Energy Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Apollo Green Energy Limited is ₹400 and your sell price for Apollo Green Energy Limited is ₹350. The price is based on our estimates and market conditions.
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What is the lock-in period of Apollo Green Energy Limited?
The lock-in period for Apollo Green Energy Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Apollo Green Energy Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Apollo Green Energy Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Apollo Green Energy Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Apollo Green Energy Limited. The price is also determined from the most recent funding round for Apollo Green Energy Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Apollo Green Energy Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Apollo Green Energy Limited with us kindly click here.
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What are the financials of Apollo Green Energy Limited?
The financials of Apollo Green Energy Limited which includes the P/L of Apollo Green Energy Limited and the Balance Sheet of Apollo Green Energy Limited is in the financials section (Click on link).
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Where can I find the annual report of Apollo Green Energy Limited?
The annual report of Apollo Green Energy Limited is available in the annual report section (Click on link).
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Is buying Apollo Green Energy Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Apollo Green Energy Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Apollo Green Energy Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Apollo Green Energy Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Apollo Green Energy Limited?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Apollo Green Energy Limited from its platform?
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With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
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