SN Capital
Search

Apollo Fashion International Unlisted Shares

Apollo Fashion International Ltd. is a Noida-based B2B manufacturer and exporter supplying sustainable leather apparel, footwear, and accessories to major retail brands across the UK, USA, and Europe. Driven by strategic expansion and a full operating cycle, the company nearly do...

17 August 20263 min readUpdated 7 September 2026
Share
Apollo Fashion International Unlisted Shares

Founded in 1994, Apollo Fashion International Ltd. (AFIL) is a leading leather fashion manufacturer and exporter headquartered in Noida, India — making it another prominent example of an unlisted share company in Noida alongside other names in the region. The company offers a wide range of sustainably manufactured leather outerwear, footwear, bags, belts, and accessories, catering to globally recognized fashion brands across the UK, USA, and European markets. AFIL combines craftsmanship, innovation, and sustainable manufacturing to deliver high-quality products that meet international standards.

For those tracking Apollo Fashion unlisted shares, the company's business journey and market positioning make it a notable name to follow among India's unlisted stocks. The market for Apollo Fashion shares and Apollo Fashion pre-IPO shares continues to show strong growth, and interest has picked up as more investors look beyond the well-known large-cap unlisted shares names.



Growth Highlights

  • Revenue CAGR of 99.73%

  • Nearly 2x revenue growth in FY25

  • Consistent profitability with PAT above ₹13 Cr

  • Strengthening balance sheet and equity base

  • Increasing institutional financing support

  • Expansion-driven business scaling


Financial Strengths

  • Strong Year-on-Year revenue growth

  • Positive operating cash flows

  • Expanding equity base

  • Increasing total asset base

  • Strong institutional lender relationships

  • Consistent profitability performance


Business Segments

  • Revenue from Sale of Goods

  • Domestic Turnover from Sale of Goods

  • Revenue from Sale of Goods Traded

  • Revenue from Sale of Services

  • Fashion & Apparel Operations

  • Trading Activities

  • Consumer Product Sales

  • Apparel & Lifestyle Segment

  • Organized Fashion Business

  • Retail & Distribution Activities


Business Highlights

  • Revenue nearly doubled in FY25

  • Consistent profitability across operations

  • Strong balance sheet expansion

  • Increase in shareholders' equity during FY25

  • Significant operational scale-up

  • Aggressive investment towards expansion activities


Investment Highlights

  • Shareholders' funds increased to ₹49.6 Cr in FY25

  • Total assets expanded to ₹149.2 Cr during FY25

  • Positive operating cash flow generation of ₹13.3 Cr

  • Significant investment activities of ₹67.8 Cr towards expansion

  • Strong balance sheet and operational scale-up

  • Financing relationships with Axis Bank, ICICI Bank, RBL Bank, and HDFC Bank

  • Increasing institutional financing support and business expansion momentum

 As with most unlisted stock, the share price today for Apollo Fashion can differ by ₹10–15 across platforms since there's no central exchange feed, always compare quotes from more than one unlisted shares dealer before finalizing a trade.


FAQs

What does Apollo Fashion International Limited do?

Apollo Fashion International Limited is a B2B specialized manufacturer and exporter of sustainable leather apparel, footwear, bags, and accessories. It is a contract manufacturing powerhouse for globally recognized retail brands in the UK, USA & Europe.

What made the company's revenue skyrocket from FY24 to FY25?

This growth was driven by the change from a truncated 7-month operating cycle in FY24 to a full 12-month fiscal year in FY25. It also consolidated its business by executing a massive business transfer agreementnt of ₹95 Crore to absorb the fashion vertical of Apollo Green Energy.

What are the biggest risks of investing in this stock?

The biggest vulnerabilities are weak secondary liquidity (the ability to sell off-market shares quickly) and a high reliance on the health of Western consumer spending. They can also suffer from significantly squeezed profit margins because of changes in international raw leather prices and currency exchange rates.