Unlisted Shares
Apollo Fashion International Limited
Apollo Fashion International Limited (Unlisted)

Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About Apollo Fashion International Limited
Apollo Fashion International Limited is part of the Apollo Group and is engaged in the manufacturing, trading, and export of fashion apparel, garments, textiles, leather accessories, and lifestyle products. Led by Raaja Kanwar, the company has diversified from traditional businesses into fashion and lifestyle segments with a focus on domestic and international markets.
Share Details
| company Name | Apollo Fashion International Limited (Unlisted) |
| indicative Unlisted Share Price | ₹47 |
| market Capitalization | ₹137 Crore |
| lot Size | 1000 |
| 52 Week High | ₹89 |
| 52 Week Low | ₹46 |
| face Value | ₹10 |
| book Value | ₹16.69 |
| pe Ratio | 10.48 |
| pb Ratio | 2.76 |
| debt To Equity | 1.33 |
| return On Equity | 26.36 |
| total Outstanding Shares | 2,97,65,210 |
| isin | INE0RYY01014 |
| depository | NSDL & CDSL |
| pan | AAZCA3436G |
| cin | U46411DL2023PLC419636 |
| rta | Maashita Securities |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 19,785 | 20,843 | 8,998 | 18,244 |
| EBITDA | 2,880 | 2,230 | 1,786 | 2,195 |
| EBIT | 2,704 | 2,021 | 1,505 | 1,905 |
| PBT | 2,870 | 1,688 | 1,625 | 1,747 |
| Net Profit / Loss (PAT) | 2,870 | 1,688 | 1,215 | 1,307 |
| EPS | - | 9.38 | 8.39 | 4.39 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | 14.56 | 10.7 | 19.85 | 12.03 |
| Net Profit Margin (%) | 14.51 | 8.1 | 13.5 | 7.16 |
| ROE (%) | - | - | - | 26.36 |
| Debt to Equity | - | - | - | 1.33 |
| EPS | - | 9.38 | 8.39 | 4.39 |
Financial Annual Report Summary
Revenue showed high volatility with a sharp decline in FY24 followed by recovery in FY25. The company maintains healthy profitability with strong ROE. High working capital requirements and moderate leverage are key characteristics.
Why Invest in Apollo Fashion International
- Strong revenue recovery in FY25 after a weak FY24.
- Healthy absolute PAT and good ROE of 26.36%.
- Moderate leverage with Debt/Equity at 1.33.
- Attractive valuation at current unlisted price.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 2,157 | 2,506 | 2,171 | 2,356.07 |
| CWIP | 0 | 0 | 21 | 36 |
| Investments | 442 | 442 | 0 | 0 |
| Trade Receivables | 4,078 | 4,668 | 2,171 | 4,675 |
| Inventory | 3,663 | 4,243 | 5,255 | 4,858 |
| Other Assets | 5,005 | 8,814 | 1,676 | 2,994.93 |
| Total Assets | 15,345 | 20,673 | 11,294 | 14,920 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 0 | 1,800 | 1,447.3 | 2,976.5 |
| Reserves | 11,255 | 12,944 | 1,338 | 1,981 |
| Borrowings | 1,803 | 3,520 | 1,495 | 6,581 |
| Trade Payables | 2,092 | 1,928 | 819 | 2,391 |
| Other Liabilities | 195 | 481 | 6,194.7 | 990.5 |
| Total Liabilities | 15,345 | 20,673 | 11,294 | 14,920 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
High working capital cycle (Receivables + Inventory). Borrowings increased in FY25.
Liabilities Breakdown
Borrowings stood at ₹6581 lakhs in FY25. Debt to Equity ratio is 1.33.
Additional Insights
Working capital intensive business. Equity strengthened through capital infusion. Moderate leverage.
Cash Flow Insights
- Strong operating cash flow in FY24 & FY25.
- Significant investing outflow in FY25.
- Financing through equity and borrowings.
Shareholding Pattern
Recent
Promoter: High (Promoter Group)
Institutional: Low
Public: Moderate
Promoters & Management
Part of Apollo Group. Led by Raaja Kanwar with diversification experience across multiple sectors.
Key Management
Raaja Kanwar - Key Promoter / Director
Diversified business leadership
Registrar & Transfer Agent (RTA)
Registrar: Maashita Securities
Website: https://www.maashitasecurities.com/
Management Analysis
Focus on revenue growth, operational efficiency, and expansion in the fashion and lifestyle segment under the Apollo Group umbrella.
Explore More Investment Opportunities
Discover IPOs, unlisted shares, and broker comparison tools curated for smart investors.