Ashish Kacholia stock jumps 5% after company to manufacture road construction machines

Synopsis: Gujarat Apollo Industries jumped sharply after it announced a key update on its road construction equipment segment.

The shares of this company, engaged in the manufacturing of different types of Mining & Road Construction and Maintenance Machinery, are in focus after the company shared a progress update on its previously announced road construction equipment plans. As of October 2025, Ashish Kacholia holds a 2.29 percent stake in the business.

With a market capitalisation of Rs 514 crore, the shares of Gujarat Apollo Industries Ltd made a day high of Rs 444.30 per share, up by 5 percent from its day’s low price of Rs 425 per share. Over the past five years, the stock has delivered a return of 112 percent, outperforming NIFTY 50’s return of 88 percent.

About the Announcement

Gujarat Apollo Industries, which had earlier announced its plans to enter the road construction equipment segment, has now shared a status update on the progress of this initiative.. As part of this plan, the company intends to produce and market the machines that are commonly used in road construction and maintenance. It foresees a strong long-term demand resulting from India’s increasing focus on highways and infrastructure.

Gujarat Apollo will introduce products such as asphalt mixing plants, paver finishers, and other supporting road construction machines to fulfil the segment requirements. The firm stated that the substantial parts for the machinery have already been developed, and the products are now going through the thorough testing phase to check their performance, safety, and durability in actual working conditions.

As part of this plan, Gujarat Apollo updated that it is planning to be in the market for commercial sales starting from Q4 FY26. The company is expected to create a new revenue stream, gain a strong foothold in the road equipment sector, and remain cohesive with its long-term growth plan driven by India’s infrastructure push, through this strategic ​‍​‌‍​‍‌​‍​‌‍​‍‌move.

Financial and Other Highlights

Gujarat Apollo Industries has reported an operating revenue of Rs 12.89 crore in Q2 FY26, representing a 31 percent growth compared to Rs 9.83 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 16 percent from Rs 11.08 crore.

Regarding its profitability, it reported a net profit of Rs 2.34 crore in Q2 FY26, a staggering decline of 51 percent as compared to Rs 4.79 crore in Q2 FY25. However, on a quarter-on-quarter basis, it grew by 103 percent from Rs 1.15 crore. 

Gujarat​‍​‌‍​‍‌​‍​‌‍​‍‌ Apollo Industries Limited has been a defining name in the Indian market for the manufacturing of crushing and screening equipment for almost 50 years. The company, based in Mehsana, Gujarat, is the flagship of the Apollo Group and serves a variety of industries like mining, construction, quarrying, and recycling both in India and abroad. Besides, Gujarat Apollo has made it her mission over the years to provide faultless products, technical skills, and real-time customer support and by so doing, she has earned a solid reputation of trust.

The company is proud of its modern manufacturing unit in Dholasan, Gujarat, that is ISO 9001:2015 certified and is supported by domestic design, machining, and foundry facilities.

Besides, Gujarat Apollo has been acknowledged as a leader in asphalt road construction equipment; thus, she has been instrumental in the segment’s progress in India through worldwide technology collaboration. At the same time, she has been steadfast in her commitment to innovation, quality, and the customer’s long-term ​‍​‌‍​‍‌​‍​‌‍​‍‌benefit.

Written by Satyajeet Mukherjee

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