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Apex Ecotech share price & results

Apex Ecotech Ltd· Utilities

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Pune-based turnkey engineering company that builds industrial water/wastewater treatment, membrane-recycling and Zero Liquid Discharge (ZLD) plants.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue116 ₹ crore+136.7% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin16.0 %−2.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit14.0 ₹ crore+100.0% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable+1.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin3.38 %+10.6 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable+75.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

6 of 7 judged targets kept · 3 open · verdicts reflect calls analysed to Q4 FY26.

Apex Ecotech Ltd management guidance track record on Inve: 10 targets tracked across analysed earnings calls (6 achieved, 1 missed, 3 open).

TargetOriginal wordingSaidLatest callVerdict
Revenue Growth Ratemaintain that [historical growth rate]. Hopefully, outperform that.
Call transcript, Q4 FY25 · 30 May 2025		Q4 FY25Q4 FY26:FY26 revenue grew 109.5% YoY to ₹148.65 crores, significantly outperforming historical growth rates.
Call transcript, Q4 FY26 · 12 May 2026		Achieved
Reporting Frequencydefinitely from subsequent quarters, we'll be doing it [quarterly updates].
Call transcript, Q4 FY25 · 30 May 2025		Q4 FY25Q4 FY26:Company continued with half-yearly reporting, not quarterly updates. Management acknowledged the request for more communication, promising to be 'more visible in future' but did not commit to quarterly calls.
Call transcript, Q4 FY26 · 12 May 2026		Missed
Revenue Growthwe are looking for at least 30 to 40% growth overall.
Call transcript, Q4 FY26 · 12 May 2026		Q4 FY26Q4 FY26:Management guided for 30-40% revenue growth in FY27.
Call transcript, Q4 FY26 · 12 May 2026		New

Source: Inve Guidance Tracker for Apex Ecotech Ltd · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Apex Ecotech Ltd's 10 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 7 more targets are in the full ledger.

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Price

₹248.9 +9.99% · +₹22.6

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +85.5% 1Y

₹100₹150₹200₹250₹300Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Nov 2025Q4 FY26 — 12 May 2026

1Y: ₹134.15 on 24 Oct 2025 → ₹248.9. High ₹290.2 (17 Aug 2026), low ₹104.6 (30 Mar 2026).

Previous close
₹226.3
Market cap
₹328 Cr
52-week range
₹104.6 – ₹290.2
One year
+95.45%
Price to earnings (FY ending Mar 2026)
19.29×
Return on equity (FY ending Mar 2026)
31.19%

Overview

Symbol
NSE:APEXECO
Sector
Utilities
Exchange
NSE
Currency
INR

What Apex Ecotech Ltd does

Based on the company's own presentations, annual report and earnings calls.

Apex Ecotech Limited is an ISO 9001:2015-certified, engineering-driven company that designs, manufactures, commissions and operates turnkey water and wastewater treatment plants for industrial and municipal clients. Its core solutions span Water Treatment Plants (WTP), Effluent/Sewage Treatment Plants (ETP/STP), membrane-based recycling (Electro Dialysis Reversal, Membrane Bioreactor), evaporators and Mechanical Vapour Recompression (MVR)-based Zero Liquid Discharge (ZLD) systems that let industries recycle and reuse process water. It also supplies electrification & automation (control panels, sludge dewatering systems) and post-commissioning operations, maintenance and aftersales services. The company serves clients across roughly 15 industry verticals including automobile, FMCG/beverage, pharma and power, with marquee clients such as Reliance Consumer Products, Larsen & Toubro and CRD Consumer Products.

Segments

  • Water Treatment Plants (WTP)
  • Sewage Treatment Plants (STP)
  • Zero Liquid Discharge (ZLD)
  • Wastewater / Effluent Treatment Plants (ETP)
  • Membrane Recycle Systems (EDR)
  • Electrification, Automation & Aftersales
Completed water & wastewater treatment turnkey projects
250+
Total water & wastewater treatment volume handled
145+ Million Liters/Day
Zero Liquid Discharge (ZLD) plants volume
5.5+ Million Liters/Day
Industries served
15 types
Years in business
16+ (since 2009)
Team size
100+
Founded 2009Headquarters Pune, Maharashtra, India Company website

How the price took the results

close before → close after

Q4 FY26
−5.0%
12 May
Q2 FY26
−1.9%
24 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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