Apollo Green Energy Unlisted Shares
About The Company
Strong
Market Position
Consistent
YoY Growth
Experienced
Management
Key Indicators
A snapshot of Apollo Green Energy Unlisted Shares's financial health, valuation multiples and capital efficiency at a glance.
Pricing Trends
Financial Performance
| Indicators | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 857.4 | 1,268.4 | 790.8 | 852.4 |
| Expense | 783.4 | 1,162.4 | 731.9 | 750.2 |
| EBITDA | 73.9 | 106.0 | 58.9 | 102.2 |
| Other Cost | 31.4 | 64.8 | 33.3 | 114.0 |
| PBT | 42.6 | 41.2 | 25.6 | -11.8 |
| Tax Expense | 8.9 | 2.6 | 7.4 | -37.3 |
| PAT | 33.7 | 38.6 | 18.2 | 25.5 |
| Other Inc./Exp. | 15.4 | 25.7 | 12.0 | 29.2 |
| Net Income | 18.3 | 64.3 | 30.2 | 54.7 |
| Shares O/S | 2.96 | 1.90 | 1.90 | 1.90 |
| EPS (₹) | 5.00 | 20.00 | 13.00 | 22.00 |
| Rev. Growth % | -32.4% | 60.4% | -7.2% | — |
| EBITDA Mgn % | 8.6% | 8.4% | 7.4% | 12.0% |
| Net Mgn % | 2.1% | 5.1% | 3.8% | 6.4% |
| EPS Growth | -75.0% | 53.8% | -40.9% | — |
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Apollo Green Energy Unlisted Shares - Stockify Fintech
What does Apollo Green Energy do?
Apollo Green Energy Limited is a major player in the Indian EPC space, which involves sectors such as energy, procurement, and construction. Apollo Group was established in 1994, dealing in different sectors like infrastructure, logistics & supply chain, fashion manufacturing, and global trading & distribution. Thus having a global footprint.
Headquartered in Delhi, Apollo Green Energy Limited is part of the Apollo Group. Currently, the company is not listed on the stock market but traded as Apollo Green Energy unlisted shares in the unlisted markets.
Business Overview of Apollo Green Energy Unlisted Shares
AGEL has 3 major business segments:
A) Green Energy
AGEL focuses on providing end-to-end business solutions in the green energy sector, ensuring the integration of wind, solar, and energy storage facilities.
B) Energy Procurement & Construction (EPC) Division
Apollo specialises in medium and large-scale industrial and infrastructure projects. They implement projects in power, oil storage, transmission, solar, irrigation, and sugar processing sectors across the globe.
C) Goods Trading Division
Apollo trades in various goods like trading tyres, batteries, lubricants, white goods, and electronic goods. They have divisions operating in India, China, Dubai, and Singapore undertaking these operations.
Management & Leadership

Raaja Kanwar
Chairman & Managing Director of Apollo International Group, leads a global team in industries like green energy, infrastructure, logistics, fashion, and trade across 45+ countries.
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Anirudha Tikhe
Chief Human Resources Officer of Apollo Green Energy
Mr Tikhe focuses on talent acquisition, performance management, compliance, and organisational development. At Apollo Green Energy, he has implemented data-driven HR practices and diversity initiatives.
President of Business Acquisition and Strategic Initiatives of Apollo International Group.
Mr Rakesh Gupta is President of Business Acquisition and Strategic Initiatives at Apollo International Group. With over 35 years of corporate sector experience, he brings extensive expertise in finance, legal affairs, business development, project management, and investments.
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Sanjay Gupta
CEO, Apollo Green Energy Limited
Mr Sanjay Gupta serves as the CEO of Apollo Green Energy Limited, bringing over three decades of experience in the power and infrastructure sectors. Specialising in 'Concept to Commissioning' solutions for both Greenfield and Brownfield projects, Mr Gupta has held senior positions at prestigious organisations, including NTPC Ltd, Lanco Infratech Ltd, and Waaree Energies Ltd.
About Apollo Green Energy Limited Financials
Particulars (Rs. cr) | FY23 | FY24 | FY25 |
Revenue | 790.8 | 1,268.4 | 857.4 |
Expenses | 731.9 | 1,162.4 | 783.4 |
EBITDA | 58.9 | 106 | 73.9 |
EBITDA Margin (%) | 7.40% | 8.40% | 8.60% |
Profit After Tax (PAT) | 28 | 38.6 | 33.7 |
Net Profit Margin (%) | 3.80% | 5.10% | 2.10% |
Earnings Per Share | 13 | 20 | 5 |
A) Revenue Growth in 2 years
Apollo Green Energy's revenue has grown to Rs 1268.4 crores in FY 23-24. This is 150% in 2 years. This clearly reflects the growth of operations for the Apollo Green Energy share price.
But in FY25, revenue declined to Rs.857.4 crore, a drop of 32.4% on a yearly basis, indicating a slowdown in execution momentum compared to the previous year.
B) EBITDA
Apollo’s EBITDA was Rs 102.2 crores in FY 21-22, which dipped to 58.9 crores in FY 22-23. This recovered in FY 23-24 to Rs 106 crores, getting back to stability and growth.
But in FY25 EBITDA declines to Rs. 73.9 due to the decline in revenue.
Whereas, EBITDA margin improved consistently over the three-year period, moving from 7.4% in FY23 to 8.4% in FY24 and further to 8.6% in FY25. This upward trend indicates sustained cost control and improved efficiency at the operating level.
C) Net Profit Margin
Net profit margin improved from 3.8% in FY23 to 5.1% in FY24 due to improved scale and operating leverage.
In FY25, the margin declined to 2.1%, reflecting lower revenue absorption and earnings dilution at reduced activity levels.
D) Profit after Tax
Apollo’s profit fell to 28 crores in FY23. This recovered in FY24 to Rs 38.42 crores. Thus reflecting a strong prospect for growth in apollo green energy unlisted shares.
In FY25, PAT moderated to Rs.33.7 crore, a 12.7% decline, which was relatively contained compared to the sharp reduction in revenue.
E) Earnings Per Share
Apollo gave an earning of Rs 22 per share in FY22. This dipped in FY 23 to Rs 13. However, Apollo made a comeback in FY 24 with 20 per share.
In FY25, EPS declined sharply to Rs.5, impacted by lower net profits and a higher number of outstanding shares. Earnings per share and the P/E ratio affect the apollo green energy unlisted share value.
Thus, based on the above financial observations, Apollo Green Energy Unlisted Shares can give significant investment growth to investors.
Apollo Green Energy Share Price Analysis

The Apollo Green Energy unlisted share price traded near Rs.499 in August 2024, supported by strong FY24 performance, where revenue stood at Rs.1,268.4 crore, PAT at Rs.38.6 crore, and EPS at Rs. 20. Volatility emerged soon after, with the price dipping to around Rs.405 in September 2024.
By December 2024, the share price had declined to about Rs.340, as concerns around execution visibility and funding clarity began to surface. The correction deepened in early 2025 after financial performance moderated. In FY25, revenue fell by 32.4% to Rs.857.4 crore, PAT declined to Rs.33.7 crore, and EPS dropped sharply to Rs.5, partly due to lower profitability and a higher share base. By March 2025, the share price had slipped to nearly Rs.265.
Although the company announced its annual results and declared a Rs.1.5 per share dividend on 1 April 2025, sentiment remained cautious following the inability to secure the proposed Rs.4,000 crore funding. This led to a further decline in the Apollo Green Energy unlisted share price to around Rs.150 by July 2025. Currently, Apollo Green unlisted shares trade in the Rs. 73-Rs. 75 range.
What Is The Future Of Green Energy?
Apollo Green Energy IPO by the first quarter of 2026: Apollo is laying the groundwork for the much-anticipated Apollo Green Energy IPO. This will give them the capital thrust to fuel our expansion into solar, energy storage, green hydrogen, and other renewable infrastructure.
Green Hydrogen & Storage: Apollo is actively in discussions with global partners to co-develop projects leveraging green hydrogen and long-duration energy storage, ensuring they remain future-ready.
Pan-India Presence: With operations already spanning 8 states, Apollo is on track to build a truly national footprint, leveraging our asset-light, tech-rich model.
All these plans can be bright prospects for investing in the Apollo Green share price in the unlisted market.
Who Are The Key Competitors To Apollo Green Energy In Solar EPC?
Company | Key Strengths |
Larsen & Toubro | A trusted global engineering giant that delivers large-scale renewable projects with strong execution capability (18+ GW). |
Sterling & Wilson | A pure EPC player known for executing solar projects across the world, with a strong 24 GW global presence. |
Tata Power Solar | A balanced and reliable player working in both utility and commercial segments, backed by Tata’s strong brand trust. |
Adani Solar | A fully integrated player that controls everything from manufacturing solar panels to project execution, giving it a cost advantage. |
KPI Green Energy | A fast-growing company using a mix of power generation and EPC services, showing aggressive expansion with a 4.7 GW portfolio. |
Waaree Energies | Combines solar module manufacturing with project execution, supported by a solid 2.9 GW order pipeline. |
How To Apply For Apollo Green Energy Unlisted Shares
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FAQs
Who is the parent company of Apollo green?
Apollo Green is part of the Apollo International Group, which itself belongs to the broader Apollo business ecosystem (tyres, logistics, etc.).
Who is the owner of Apollo Green?
Promoter group is linked to the Kanwar family (Apollo Group)











