Apollo PipesNSE:APOLLOPIPE -2.19%79 Gross Margin % is 27.18% as of Mar. 2026, which is 3% above its 10-year median of 26.27. GuruFocus rates NSE:APOLLOPIPE with a GF Score™ of 79/100 and a GF Value™ of ₹525.38 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,719 Construction companies, Apollo Pipes ranks better than 67.71% on this metric.
The historical rank and industry rank for Apollo Pipes's Gross Margin % or its related term are showing as below:
NSE:APOLLOPIPE'
s Gross Margin % Range Over the Past 10 Years
Min: 21.74 Med: 26.27 Max: 29.97
Current: 29.76
During the past 13 years, the highestGross Margin % of Apollo Pipes was 29.97%. The lowest was 21.74%. And the median was 26.27%.
NSE:APOLLOPIPE's Gross Margin % is ranked better than 67.71% of 1719
companies
in the Construction industry
Industry Median: 20.71
vs NSE:APOLLOPIPE: 29.76
Apollo Pipes had a gross margin of 27.18% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Apollo Pipes was 3.10% per year.
Apollo Pipes (NSE:APOLLOPIPE) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Apollo Pipes had a gross margin of 27.18% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Apollo Pipes Gross Margin % Related Terms
Apollo Pipes Gross Margin % Historical Data
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The historical data trend for Apollo Pipes's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:APOLLOPIPE vs TT, JCI, CARR: Gross Margin % Comparison
For the Building Products & Equipment subindustry, Apollo Pipes's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Apollo Pipes Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, Apollo Pipes's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Apollo Pipes's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Apollo Pipes (NSE:APOLLOPIPE) has a Gross Margin % of 27.18% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Apollo Pipes and its competitors. This is near median its historical median of 26.27. Over the past decade, Apollo Pipes' Gross Margin % has ranged from 21.74 to 29.97. According to the industry distribution chart, Apollo Pipes ranks #555 out of 1719 companies in the Construction industry, placing it in the top 32.3%.
Is Apollo Pipes' Gross Margin % too high?
Apollo Pipes' current Gross Margin % of 27.18% is near median its 10-year median of 26.27. Over the past 10 years, this metric has ranged from a low of 21.74 to a high of 29.97. The Construction industry median Gross Margin % is 20.71. Apollo Pipes' value of 27.18% is 31.2% above this industry median. Based on the distribution chart, Apollo Pipes ranks #555 out of 1719 companies in the Construction industry, which is above the industry midpoint. Overall, Apollo Pipes has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apollo Pipes' Gross Margin % compare to TT and JCI?
According to the Construction industry distribution chart, Apollo Pipes ranks #555 out of 1719 companies for Gross Margin %. This puts Apollo Pipes in the upper half of its industry. The industry median Gross Margin % is 20.71. Apollo Pipes' value of 27.18% is 31.2% above this benchmark. Historically, Apollo Pipes' own Gross Margin % has ranged from 21.74 to 29.97 over the past decade. While the company's 10-year median is 26.27 vs. the industry median of 20.71, Apollo Pipes has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Construction company?
The median Gross Margin % among Construction companies is 20.71, based on 1,719 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apollo Pipes's current Gross Margin % of 27.18% is 31.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Apollo Pipes and its competitors. For the Construction industry, the median Gross Margin % is 20.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Pipes's current Gross Margin % is 27.18%, which is near median its own 10-year median of 26.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apollo Pipes stock overvalued right now?
Based on GuruFocus' analysis, Apollo Pipes (NSE:APOLLOPIPE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹525.38, compared to a current price of ₹471.15 — trading 10.3% below its estimated fair value. The current Gross Margin % is 27.18%, which is near median its 10-year median of 26.27 and 31.2% above the Construction industry median of 20.71. Apollo Pipes' overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Apollo Pipes (NSE:APOLLOPIPE), the current Gross Margin % is 27.18% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Apollo Pipes (NSE:APOLLOPIPE) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Pipes stock appears to be undervalued.
The current stock price of ₹471.15 is trading 10.3% below its estimated GF Value™ of ₹525.38.
GuruFocus considers Apollo Pipes to be Modestly Undervalued.
Key valuation signals for NSE:APOLLOPIPE:
Gross Margin %: 27.18% (near median its 10-year median of 26.27)
GF Value™: ₹525.38 vs. price of ₹471.15 (10.3% below fair value)
Industry Position: 31.2% above the Construction median (#555 of 1719)
No single metric tells the full story. See the NSE:APOLLOPIPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo Pipes Ltd is engaged in the business of manufacturing and trading a wide variety of PVC pipes and related products used for agriculture, building and construction, and industrial purposes. The product portfolio includes CPVC pipes and fittings, uPVC and fittings (Threaded and Non-Threaded), SWR pipes and fittings, Sewerage pipes, HDPE pipes and fittings, Sprinkler Systems, uPVC pressure pipes and fittings, uPVC column pipes, and Solvent cement, among others. The Key customer segments for the company include Agriculture, Water Management, Long Distance water conveyance, Construction, Oil and Gas, and Telecom Ducting.
79GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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