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Apollo Green Energy Unlisted Shares

Apollo Green Energy Unlisted Shares

₹61.430.00%
As on 15th Oct 2026 · market open
Industry: infrastructure | epc | logisticsSector: energyDepository: NSDL, CDSL
DRHP Filed: No

Indicative price history

₹0.00(0.00%)over 1 W

Indicative levels compiled by our team for information only — not a price feed, quote, or offer to deal.

52W Low ₹58.801Y Return -50.9%52W High ₹128.00
Key Indicators
Current Share Price
₹61.43
Unlisted market
Face Value / Share
₹10.00
Latest
Book Value / Share
₹163.80
Latest
Price to Earning (PE)
12.30
TTM basis
Price / Sales
0.30
TTM revenue
Price / Book
0.40
Book value basis
Outstanding Shares
4.06 Cr
Latest
Market Cap
₹249.00 Cr
At current price
Debt / Equity
1.40
Latest
Dividend / Share
-
Declared
Dividend %
-
Yield
Return on Total Assets
1%
RoA
Return on Equity
3%
RoE
Working Capital Return
6%
RoWC

About Apollo Green Energy

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.
SectorInfrastructure | epc | logistics · Energy
ISININE838A03029
Face Value₹10
DepositoryNSDL, CDSL
RTAalankit assignments
HQOffice No. 303, Third Floor, DLF Courtyard, Saket, New Delhi, Delhi, 110017

Financial Performance

Consolidated figures in ₹ Crore, from annual reports and public filings.

Indicators2025202420232022
Revenue857.41,268.4790.8852.4
Expense783.41,162.4731.9750.2
EBITDA73.9106.058.9102.2
Other Cost31.464.833.3114.0
PBT42.641.225.6-11.8
Tax Expense8.92.67.4-37.3
PAT33.738.618.225.5
Other Inc./Exp.15.425.712.029.2
Net Income18.364.330.254.7
Shares O/S2.961.901.901.90
EPS (₹)5.0020.0013.0022.00
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%—

Financials are as published on stockify.net.in and compiled from public filings. Refer to the audited annual report for exact figures.

Corporate Profile

Registered details, management and downloadable documents.

ISININE838A03029
PANAAACA6447N
AddressOffice No. 303, Third Floor, DLF Courtyard, Saket, New Delhi, Delhi, 110017
RTAalankit assignments

Frequently Asked Questions

How to buy Apollo Green Energy unlisted shares?+
Apollo Green Energy operates in renewable energy and EPC projects, with plans to expand across areas such as solar, green hydrogen, battery storage and EV charging. At Stockify, you can buy and sell Apollo Green Energy unlisted shares through private off-market transactions. Connect with our unlisted share experts to understand the process, availability and applicable terms.
How to sell Apollo Green Energy unlisted shares?+
If you are looking to sell Apollo Green Energy unlisted shares, fill out the basic details in the form and our experts will get back to you. They can assist with the transaction process, documentation and share transfer.
What is the lock-in period for Apollo Green Energy unlisted shares?+
Pre-IPO shares are subject to a 6-month lock-in period from the date of listing, as applicable under current SEBI rules. Before listing, unlisted shares may be transferred through permitted off-market transactions, subject to applicable regulations and transaction conditions. Connect with unlisted share experts at +91-80 4113 3935 / +91-7353266646.
What is the minimum ticket size for Apollo Green Energy unlisted shares?+
The minimum investment amount may vary based on the availability and prevailing market terms for Apollo Green Energy unlisted shares. Contact Stockify to check the current minimum quantity, pricing and transaction requirements
Is it legal to buy Apollo Green Energy unlisted shares in India?+
Unlisted shares can be bought and sold through permitted private/off-market transactions, subject to applicable laws and regulations. Investors should complete the required documentation and conduct their own due diligence before investing.
What is the documentation requirement for purchasing Apollo Green Energy unlisted shares?+
At Stockify, the process requires basic KYC and transaction documentation. Typically, investors may need PAN, Aadhaar and Demat Client Master List (CML). NRI investors may additionally require PAN, Demat CML and NRO bank details, subject to applicable requirements.

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 and operates across sectors such as 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 trades as Apollo Green Energy unlisted shares in the unlisted markets.

History and Timeline of Apollo Green Energy

Over the years, the company has diversified into power transmission, water infrastructure, industrial engineering and utility-scale solar projects. Today, Apollo Green Energy is one of the flagship companies of the Apollo Group, focusing on India's clean energy transition through solar EPC, battery energy storage systems (BESS), power infrastructure and sustainable engineering solutions.

Year

Milestone

1994

Apollo International Limited was established to engage in international trading and engineering activities. 

1994-2015

Expanded activities in infrastructure, industrial projects, power transmission, and exports. 

2016-20

Diversified into EPC services, water infrastructure and power sector projects across India.

2021-23

Increased focus on renewable energy with utility-scale solar EPC and green infrastructure projects.

2024

Rebranded as Apollo Green Energy Limited, showing its planned shift towards clean energy and sustainable infrastructure.

2025

Shareholders approved a large preferential issue to strengthen capital for renewable energy expansion and project execution.

2026

Continued execution of large solar EPC projects, battery energy storage initiatives and government infrastructure contracts while expanding its order book.

Apollo Group of Companies

Apollo Green Energy is a part of the Apollo Group, an Indian company that works in various areas including renewable energy, engineering, infrastructure, industrial projects, and international trade. For over 30 years, the group has gained experience in managing large-scale EPC contracts for government agencies, public organizations, and private companies. 

Currently, Apollo Green Energy focuses on renewable energy projects, such as solar power, battery energy storage systems, transmission infrastructure, water management, and sustainable engineering projects.

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, such as tyres, batteries, lubricants, white goods, and electronic goods. They have divisions operating in India, China, Dubai, and Singapore.

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

Apollo Green Management & Leadership

Raaja Kanwar Apollo Green Energy

Raaja Kanwar

The Chairman & Managing Director of Apollo International Group leads a global team in industries like green energy, infrastructure, logistics, fashion, and trade across 45+ countries.

Anirudha Tikhe Apollo Green Energy

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.

Sanjay Gupta Apollo Green Energy

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.

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 1,268.4 crore 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 crore in FY 21-22, which dipped to 58.9 crore in FY 22-23. This recovered in FY 23-24 to Rs 106 crores, getting back to stability and growth.

But in FY25, EBITDA declined to Rs 73.9 crore due to the decline in revenue.

Whereas EBITDA margin improved consistently over the three years, 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 Funding History 

Year

Funding Event

Amount

Purpose

2024

Approval for issuance of Optionally Convertible Debentures (OCDs)

Up to Rs.100 Cr

To support business expansion and working capital requirements

Jan 2025

The board approved preferential issue of equity shares

Up to 13.70 Cr Shares

To raise growth capital for renewable energy projects

Feb 2025

Shareholders approved the preferential issue

Approximately Rs.4,110 Cr

Expansion of renewable energy business, project execution, working capital and general corporate purposes

Major Projects Executed by Apollo Green Energy

Apollo Green Energy has developed a diversified portfolio across renewable energy, power infrastructure, industrial EPC and water management. The company has executed projects for leading public sector undertakings such as NHPC, NTPC, Indian Oil Corporation (IOCL) and Adani Green Energy.

Key Completed Projects 

Project

Approx. Value (in Rs. Cr.)

Smart Solar Street Lighting Project, Bihar

392 

Solar Module & Piling Works for Adani Green, Khavda

100 

Flue Gas Desulphurisation (FGD) System Project

677

IOCL Refinery Expansion Project

313

IOCL Petrochemical Storage Tank Project

133

Water Supply & O&M Project, Haryana

43

Water & Sanitation Project, Uttar Pradesh

75

Major Projects Awarded 

Project

Value ( in Rs Cr) 

NHPC 200 MW Solar EPC Project

966 

Patepur 200 MW Solar EPC Project

1,024 

11 KV Distribution Line Project

190 

NHPC 40 MW Solar Project

151 


Future Pipeline 

Project

Estimated Value (in Rs. Cr)

NTPC Solar Park EPC (1,250 MW)

500 

Gurugram & Faridabad Waste-to-Energy Project (25 MW)

500 

As per the company's latest disclosures, Apollo Green Energy has built a strong project portfolio with a significant order book across renewable energy, power infrastructure and sustainable engineering, positioning it to benefit from India's growing clean energy investments 

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.

How To Buy Apollo Green Energy Unlisted Shares
Online?

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Apollo Green Energy · Unlisted
₹61.43