Table of Contents
Apollo Green Energy Unlisted Shares
BUY
₹ 4.60
SELL
₹ 4.78
Apollo green suffered a decline in price due to the company not calling money from its investors who purchased shares in the private placement back in February. Also, recently they outsourced their projects to other companies.
As on 29 Jul 2026, 06:57 PM, we are buying shares of the API HOLDINGS LIMITED for ₹ 4.60 and selling them for ₹ 4.78 per share.
About Apollo Green Energy Unlisted Shares
Apollo Green Energy: Company Overview & Business Profile
Apollo Green Energy operates in Indian markets across the most rapidly growing segments of the economy, that is, the renewables and infrastructure execution segments. As an EPC (Engineering, Procurement, and Construction) contractor, the company is engaged primarily in solar power and other green energy solutions. As the energy transition becomes the nation's principal focus, the private market invests heavily in firms like Apollo Green Energy. As an investor in Apollo Green unlisted shares, one becomes a part owner of a company that is increasingly benefitting from the adoption of renewables, government initiatives in solar, and the growing demand for sustainable infrastructure. Unlike speculative businesses, Apollo Green Energy works in an industry where the ability to execute and secure contracts is vital to the long-term success of the company. Because the company has yet to be listed on the stock exchange, such as the NSE and BSE. Many potential investors look deeply into the business model, the degree of financial discipline demonstrated, and the potential performance of the sector before committing to follow the unlisted share price of the company.Read more
Apollo Green Unlisted Share Price: How to Interpret It
The unlisted share price of Apollo Green is discovered in the private market through transactions as opposed to listed shares that are traded on an exchange like NSE or MSEI. Prices of unlisted shares are not determined by market forces but are negotiated between the buyer and the seller. Prices for unlisted shares can vary based on volume, scarcity, and market demand. From an investor and market standpoint, here are some points to consider:- There is no fixed price, and no stock exchanges deal in the unlisted shares.
- Investors will see different prices, and it may appear to be a spectrum of prices rather than a single, firm price.
Why Invest in Apollo Green Unlisted Shares?
Investing in Apollo Green Unlisted Shares offers a unique opportunity to be part of the renewable energy revolution. Here’s why AGEL stands out:- Established Market Position: 30+ years of experience, diversified operations, and strong industry relationships ensure stability.
- Consistent Growth: 36% revenue CAGR with an EPC order book of ₹1,800 crore, providing 2.5–3 years of revenue visibility.
- Strong Financials: Moderate gearing (~0.6x), well-managed debt, and stable margins (8-9%).
Business Divisions: Driving Sustainable Growth
1. Green Energy – Powering a Greener Future- Develops and integrates renewable energy projects, including solar, wind, and energy storage solutions.
- Focuses on sustainable energy solutions to meet global demand.
- Executes large-scale infrastructure projects in power, oil storage, solar, and irrigation.
- Strong order book of ₹1,800 crore ensures steady revenue streams.
- Trades tyres, batteries, lubricants, and electronic goods across 70+ countries.
- Diversified operations reduce dependency on a single market.
Financial Highlights: A Track Record of Success
- Revenue Growth: 36% CAGR, reflecting strong demand for renewable energy and infrastructure projects.
- Order Book: ₹1,800 crore EPC order book provides 2.5–3 years of revenue visibility.
- Margins: Improved from ~5% in FY23 to ~8% in 9M FY24, showcasing operational efficiency.
- Debt Management: Moderate gearing (~0.6x) and well-managed debt ensure financial stability.
Key Drivers of Apollo Green Unlisted Share Price
- Renewable Energy Demand: Rising global focus on sustainability boosts demand for solar, wind, and energy storage solutions.
- EPC Order Book: A strong order book ensures consistent revenue and growth visibility.
- Diversified Operations: Multiple business segments reduce risk and enhance stability.
- Margin Volatility: Margins dropped to ~5% in FY23 but improved to ~8% in 9M FY24, indicating fluctuations.
- EPC Execution Risks: Regulatory delays and tender-based business models can impact revenue visibility and operational scale.
Sentiment and Price Outlook of Apollo Green Energy Unlisted Shares
The price outlook for Apollo Green Energy unlisted shares is dependent on the progress of the renewable energy sector in India and the expansion of the solar-clean energy infrastructure, and the focus on the growing EPC companies. The Apollo Green Energy Market is dependent on:- The execution of current projects
- visibility and clarity of future orders
- balanced discipline and capital efficiency
- renewable policies for the whole sector
Factors Affecting the Price of Unlisted Shares of Apollo Green
Apollo Green unlisted shares in the private market are primarily influenced by these factors:Order Book Strength
Positive order book strength leads to better market expectations in the coming revenue.Execution
The perception of value is influenced by on-time delivery and cost efficiency.Renewable Energy Policies
Green and solar supportive policies fuel the market appetite of investors.Solid Capital
Proper balance and positive capital structure support the long term.Share availability
The unlisted shares of Apollo Green in private market transactions are influenced in price by the availability of shares. Investors who understand these factors are better positioned to remain rational in the face of price changes rather than relying on market sentiment.Conclusion
Apollo Green Energy operates in an industry with growing strategic significance. The unlisted share of Apollo Green requires an understanding of the sector, patience in execution, and a tendency for a private market investment. Instead of concentrating only on Apollo Green's unlisted share price short-term fluctuations, investors gain more by paying attention to the advancement of the business, the trends of the renewable market, and the developments pertaining to the unlisted share price of API Holdings. As more investors take an interest, being updated and verified adds to clarity regarding the long-term perspective.Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided.
Pros
- Stock is trading at 1.14 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 26.3%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -6.23% over past five years.
- Company has a low return on equity of 3.68% over last 3 years.
Key Details
| Share Name | Particulars |
|---|---|
| API Holdings Limited | 4.9 |
| Shares Price | Per Equity Share |
| Minimum Lot Size | Shares Worth Rs. 20000 |
| Depository | NSDL & CDSL |
| PAN Number | |
| ISIN Number | INE0DJ201029 |
| CIN | U60100MH2019PLC323444 |
| RTA |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 3183.53 |
| P/E Ratio | -1.42 |
| P/B Ratio | 1.41 |
| Debt to Equity | 1.47 |
| ROE (%) | -95.53 |
| Book Value | 3.48 |
| EPS | -3.44 |
| Face Value | 1 |
| Total Shares | 6497000000 |
Financials
| P&L Statement | 2024 | 2023 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 513.75 | 855.77 | 6643.94 | 5728.82 |
| Cost of Material Consumed | 431.77 | 725.09 | 5668.98 | 5342.07 |
| Gross Margins | 11.15 | 10.72 | 13.74 | 10.75 |
| Change in Inventory | 24.71 | 38.96 | 61.9 | -229.05 |
| Employee Benefit Expenses | 167.64 | 307.56 | 1283.32 | 1458.97 |
| Other Expenses | 312.71 | 703.57 | 1050.83 | 1502.55 |
| EBITDA | -423.07 | -919.4 | -1421.09 | -2345.72 |
| OPM | -82.35 | -107.44 | -21.39 | -40.95 |
| Other Income | 545.48 | 567.48 | 55.83 | 52.18 |
| Finance Cost | 541.81 | 441.21 | 665.54 | 258.26 |
| D&A | 10.7 | 24.37 | 243.44 | 158.79 |
| EBIT | -433.77 | -943.77 | -1664.53 | -2504.51 |
| EBIT Margins | -84.43 | -110.28 | -25.05 | -43.72 |
| PBT | -2157.06 | -5285.28 | -5196.22 | -3971.43 |
| PBT Margins | -419.87 | -617.61 | -78.21 | -69.32 |
| Tax | 0 | 0 | 15.21 | 21.73 |
| PAT | -2157.06 | -5285.28 | -5211.73 | -3992.5 |
| NPM | -419.88 | -617.6 | -78.45 | -69.69 |
| EPS | -3.44 | -8.75 | -8.51 | -7.28 |
| FY24 | FY23 | FY23 | FY22 | |
|---|---|---|---|---|
| Operating Margin | -82% | -107% | -21% | -41% |
| Net Profit Margin | -420% | -618% | -78% | -70% |
| Return on Equity | -96% | -321% | -248% | -59% |
| Debt-Equity | 1.47 | 1.89 | 1.98 | 0.4 |
| Current Ratio | ||||
| Dividend Payout | -0% | -0% | -0% | -0% |
| Assets | 2024 | 2023 | 2023 | 2022 |
|---|---|---|---|---|
| Fixed Assets | 14.28 | 48.1 | 492 | 560.87 |
| CWIP | 0 | 0 | 3.06 | 6.96 |
| Investments | 3383.31 | 3380.49 | 218.97 | 311.8 |
| Trade Receivables | 40.79 | 49.79 | 905.03 | 860.85 |
| Inventory | 45.96 | 69.73 | 688.16 | 761.24 |
| Other Assets | 2825.85 | 1995.4 | 5927.27 | 8879.79 |
| Total Assets | 6310.18 | 5543.5 | 8406.6 | 11320.32 |
| Liabilities | 2024 | 2023 | 2023 | 2022 |
|---|---|---|---|---|
| Share Capital | 649.7 | 614.2 | 614.2 | 614.2 |
| FV | 1 | 1 | 1 | 1 |
| Reserves | 1608.23 | 1029.94 | 1478.27 | 6083.08 |
| Borrowings | 3326.38 | 3113.24 | 4147.92 | 2681.36 |
| Trade Payables | 40.44 | 45.37 | 413.41 | 458.88 |
| Other Liabilities | 685.44 | 740.75 | 1580.9 | 1543.99 |
| Total Liabilities | 4052.26 | 3899.36 | 6142.23 | 4684.23 |
Promoters or Management
| Name | Holding % |
|---|---|
| NASPERS VENTURES BV | 12.48% |
| MACRITCHIE INVESTMENTS PTE LTD | 11.24% |
| TPG GROWTH V SF MARKETS PTE. LTD. | 6.90% |
| EVERMED HOLDINGS PTE LTD | 6.08% |
| CDPQ PRIVATE EQUITY ASIA PTE. LTD. | 4.30% |
| LIGHTROCK GROWTH FUND I S A SICAV RAIF | 3.66% |
| BESSEMER INDIA CAPITAL HOLDINGS II LTD | 3.23% |
| DR VELUMANI A | 2.66% |
| 360 ONE SPECIAL OPPORTUNITIES FUND - SERIES 12 | 2.65% |
| TIMF HOLDINGS | 2.55% |
Annual Reports
| Filing | Date |
|---|---|
| AOC-4 XBRL — FY 2022-23 | 2023-11-28 |
DRHP
Frequently Asked Questions
Is it legal to buy Apollo Green Energy unlisted shares in India?
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.
How to buy Apollo Green Energy unlisted shares?
The procedure to buy the Apollo Green Energy unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. Once the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.
Is Apollo Green Energy involved in selling its unlisted shares?
In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.
When will the Apollo Green Energy unlisted shares be credited into my demat account?
The Apollo Green Energy unlisted shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.
Is there any minimum lot size limit to buy Apollo Green Energy unlisted shares?
The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size of Apollo Green Energy, please visit the stock page on our website: www.delistedstocks.in
How is the market price of Apollo Green Energy unlisted shares determined?
There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.
What is the minimum lock-in period for Apollo Green Energy unlisted shares?
Before IPO, there is no restriction on sale and transfer of your Apollo Green Energy unlisted shares. But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period of 6 months after listing on the stock exchange.
How to sell Apollo Green Energy unlisted shares?
Once the selling price and quantity of shares is agreed with us, we will provide you with a UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.
What is Apollo Green Energy?
Apollo Green Energy holds the contracts for the EPC for the renewable projects, especially in solar and other sustainable infrastructure.
Why are investors tracking Apollo Green's unlisted share price?
The unlisted share of Apollo Green attracts investors because of growth in the renewable sector and long-term themes of energy transition.
How is the Apollo Green unlisted share price determined?
The pricing for Apollo Green unlisted shares is decided through private market negotiations and is influenced by demand, supply, and surrounding expectations of investors.
What is the relationship between Apollo Green Energy and API Holdings?
Apollo Green Energy is associated with API Holdings at the group or holding level.
Does the API unlisted share price affect Apollo Green's valuation?
The prices are related, but they can move independently of each other due to different structural and operational performance factors.
How can I explore the unlisted share market?
Investors who want to know more about the unlisted share market can visit Delisted Stocks for regular insights and current share offerings.
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