GUJAPOLLO
Gujarat Apollo Industries financials
- Market cap
- ₹451 Cr
- Sector
- Capital Goods
What Gujarat Apollo Industries Limited does
Gujarat Apollo Industries Limited manufactures and sells construction equipment, spanning road-construction machinery such as asphalt mixing plants, wet-mix plants and paver finishers, and mining equipment including jaw, impact and cone crushers, vibrating screens and conveyors. It is also developing pick-and-carry cranes as a material-handling product line. Through its wholly owned subsidiary AEML Investments Limited and step-down/associate entities (Fieldtrack Earthmovers, Krishitek Industries, Ganesh Agro Equipment), the group is expanding into agricultural equipment such as small tractors, harvesting/reaping attachments and planting/processing machinery.
Segments
- Road-Construction Equipment (RCE)
- Mining Equipment (ME)
- Material Handling Equipment
- Agricultural Equipment
- Permanent employees
- 95 (FY 2024-25)
- Manufacturing facility land area
- 30,000 sqm existing + 17,000 sqm under expansion, near Mehsana, Gujarat (target completion Jun'26)
- Manufacturing facility location
- ~60 km north of Ahmedabad, near Mehsana, Gujarat
- Subsidiaries & associate companies
- 3 - AEML Investments Ltd (wholly owned), Apollo FBC Crushing Equipments Ltd (wholly owned), PFH Agri Equipment India Pvt Ltd (associate)
- Agri-equipment group entities
- Fieldtrack Earthmovers (100% step-down subsidiary via AEML), Krishitek Industries (50% associate via AEML), Ganesh Agro Equipment (50% acquisition in process)
- Product lines
- Road-construction equipment (asphalt & wet-mix plants, paver finishers) and mining equipment (jaw/impact/cone crushers, vibrating screens, conveyors)
Quarterly results
Q1 FY27: revenue down 9.9%, net profit down 29.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 6 | 17 | 11 | 13 +31% | 16 +160% | 13 −24% | 10 −10% |
| EBITDA | -1 | -2 | -9 | -2 | -2 −100% | -4 −106% | -2 +75% | -3 −47% |
| Net profit | 5 | 2 | -9 | 1 | 2 −51% | 1 −73% | 2 +121% | 1 −30% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −26.7% 1Y
1Y: ₹474.9 on 10 Sept 2025 → ₹348.1. High ₹505.45 (23 Sept 2025), low ₹335.65 (1 Sept 2026).
Financials, as filed
Revenue fell 9.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to -20.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹72 Cr | ₹57 Cr | ₹42 Cr | ₹53 Cr |
| Operating profit | ₹-6 Cr | ₹-3 Cr | ₹-14 Cr | ₹-11 Cr |
| Operating margin | -7.7% | -5.2% | -33.0% | -20.3% |
| Interest | ₹2 Cr | ₹2 Cr | ₹4 Cr | ₹4 Cr |
| Depreciation | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹6 Cr |
| Net profit | ₹11 Cr | ₹11 Cr | ₹2 Cr | ₹6 Cr |
| Net margin | 15.9% | 19.4% | 5.6% | 11.2% |
| Cash from operations | ₹-70 Cr | ₹7 Cr | ₹-16 Cr | ₹-39 Cr |
| Free cash flow | ₹-68 Cr | ₹9 Cr | ₹-14 Cr | ₹-50 Cr |
| ROCE | 2.4% | 3.3% | 1.3% | 1.8% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹13 Cr |
| Reserves | ₹521 Cr | ₹512 Cr | ₹467 Cr | ₹471 Cr | ₹480 Cr | ₹494 Cr |
| Borrowings | ₹65 Cr | ₹18 Cr | ₹26 Cr | ₹22 Cr | ₹45 Cr | ₹41 Cr |
| Other liabilities | ₹16 Cr | ₹28 Cr | ₹14 Cr | ₹16 Cr | ₹24 Cr | ₹17 Cr |
| Total liabilities | ₹614 Cr | ₹570 Cr | ₹519 Cr | ₹520 Cr | ₹561 Cr | ₹564 Cr |
| Fixed assets | ₹115 Cr | ₹114 Cr | ₹108 Cr | ₹110 Cr | ₹129 Cr | ₹127 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹5 Cr | ₹4 Cr | ₹1 Cr | ₹9 Cr |
| Investments | ₹113 Cr | ₹116 Cr | ₹60 Cr | ₹56 Cr | ₹66 Cr | ₹58 Cr |
| Other assets | ₹385 Cr | ₹339 Cr | ₹345 Cr | ₹350 Cr | ₹366 Cr | ₹371 Cr |
| Total assets | ₹614 Cr | ₹570 Cr | ₹519 Cr | ₹520 Cr | ₹561 Cr | ₹564 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +4.82 pp while promoters trimmed −4.69 pp.
- Promoters
- 47.3%
- Public
- 52.7%
Since Jun 2025
- Public +4.82 pp
- Promoters −4.69 pp
- FIIs −0.14 pp
How it drifted, 12 quarters
Over this window promoters fell from 55.7% to 47.3% — −8.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 55.7%, Public 44.3%.Dec '23: Promoters 54.9%, Public 45.1%.Mar '24: Promoters 54.8%, FIIs 0.1%, Public 45.1%.Jun '24: Promoters 54.6%, FIIs 0.0%, Public 45.3%.Sep '24: Promoters 52.0%, FIIs 0.0%, Public 48.0%.Dec '24: Promoters 52.0%, FIIs 0.0%, Public 48.0%.Mar '25: Promoters 52.0%, FIIs 0.0%, Public 48.0%.Jun '25: Promoters 52.0%, FIIs 0.1%, Public 47.9%.Sep '25: Promoters 52.0%, Public 48.0%.Dec '25: Promoters 47.3%, FIIs 0.1%, Public 52.6%.Mar '26: Promoters 47.3%, FIIs 0.2%, Public 52.5%.Jun '26: Promoters 47.3%, Public 52.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Pankaj Prasoon +0.30 pp 3.43% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Gujarat Apollo Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Asit Anilkumar Patel HUF | 17.35% | unchanged |
| Anand Arvinbhai Patel | 8.16% | unchanged |
| Shardaben Anilkumar Patel | 6.44% | unchanged |
| Pankaj Prasoon | 3.43% | +0.30 pp |
| Manan Manibhai Patel | 3.29% | unchanged |
| Patel Anilkumar Tribhovandas Huf | 3.27% | unchanged |
| Sonali Anand Patel | 2.74% | unchanged |
| Sharad Kanayalal Shah | 2.56% | unchanged |
| Ashish Kacholia | 2.29% | unchanged |
| Dipak Kanayalal Shah | 2.05% | unchanged |
| Somabhai H Patel | 1.86% | unchanged |
| Manibhai Virchanddas Patel | 1.76% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Gujarat Apollo Industries Limited
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