Apollo Green Energy Limited, a leading renewable energy EPC company in India, has shown strong growth momentum reflected in its unlisted share price performance. As the company prepares for its IPO in late 2025, investors closely watch its share price trends and future targets.
Apollo Green Energy Share Price Year-on-Year Performance
Month-by-Month Share Price Target for 2025
| Month | Target Price (₹) | Reasoning Highlights |
| April (A) | 188 | Current market price reflecting steady project execution and stable order book. |
| May (E) | 210 | Early summer demand for solar projects increases project activity and cash flows. |
| June (E) | 225 | Peak summer months drive higher renewable energy deployment, improving operational metrics. |
| July (E) | 300 | Mid-year project milestones achieved; increased investor interest ahead of IPO preparations. |
| August (E) | 275 | Slight correction post mid-year, reflecting capital expenditure and working capital needs. |
| September (E) | 400 | Strong order book growth announced; ramp-up in solar and green hydrogen projects. |
| October (E) | 550 | IPO finalization expected; market sentiment turns highly positive. |
Disclaimer: These are speculative targets based on current information and market expectations. Actual prices may vary significantly.
Reasons Behind Share Price Movements and Targets
Heavy Capital Structure and Project Execution Cycles
Apollo Green Energy operates in a capital-intensive sector requiring significant upfront investment in EPC projects. The company’s financial structure includes long-term bank facilities and non-convertible debentures rated BBB+/Stable by CRISIL and Infomerics, which support project financing but also introduce leverage considerations.
Apollo Green Energy’s unlisted share price reflects a combination of strong operational execution, capital-intensive project cycles, and positive market sentiment ahead of its IPO. The month-by-month price targets for 2025 incorporate seasonal demand fluctuations, project milestones, and the expected IPO launch, with the share price potentially rising from ₹188 in April to over ₹500 by year-end.
Investors should consider the company’s heavy capital structure, strong order book, and growth catalysts, alongside the typical risks associated with unlisted shares and sector volatility. The upcoming IPO will be a key event unlocking liquidity and valuation transparency for Apollo Green Energy shares.
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