APL Apollo Tubes Ltd logo

APL Apollo Tubes Ltd

APLAPOLLO NSE

Key Fundamentals

Volatility
Moderate
P/E Ratio
46.63
EBITDA
₹1,106 Cr
Return on Equity
17.99%
Debt to Equity
0.09
EPS
₹26.38
52W High
₹2,301.4
52W Low
₹1,565.5

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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56 extracted metrics + investor summaries across FY07–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.5%

Weaknesses

1
  • Stock is trading at 10.5 times its book value

Growth Rate

Revenue Growth
7.69% ↗
Net Income Growth
61.48% ↗
Cash Flow Change
9.15% ↗
ROE
-11.47% ↗
ROCE
-5.33% ↗
EBITDA Margin (Avg.)
-21.03% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 8d ago
AI opinion · based on fundamentals
Risk medium

APL Apollo Tubes Ltd is a market leader in structural steel tubes with a market cap of ₹53,013 Cr, trading at a PE of 43.5x and PB of 10.09x. The company has delivered 27% CAGR profit growth over 5 years and maintains a near debt-free balance sheet, though valuations remain elevated relative to book value.

Bull Case 8
  • Strong 5-year compounded profit CAGR of 27%, indicating consistent earnings expansion in the structural steel tubes segment
  • Company is almost debt-free, significantly reducing financial risk and interest burden on operations
  • TTM profit growth of 53% signals a sharp acceleration in earnings momentum in the recent period
  • Consistent ROE of 22-25% over 3, 5, and 10-year periods reflects efficient capital allocation and high return generation
  • 10-year stock CAGR of 36% demonstrates sustained long-term wealth creation for shareholders
  • 5-year compounded sales CAGR of 22% shows the company has scaled revenues significantly over a medium-term horizon
  • Healthy dividend payout ratio of 20.5% provides a degree of income return alongside capital appreciation
  • Company has actively reduced debt over time, strengthening the balance sheet and improving financial flexibility for future capacity expansion
Bear Case 8
  • Stock trades at 10.09x book value, a steep premium that leaves limited margin of safety if growth slows
  • PE ratio of 43.5x is elevated for an industrial products company, pricing in significant future growth that may not materialize
  • Dividend yield of only 0.3% offers minimal income cushion during periods of price correction
  • 3-year stock CAGR has moderated to 8% from 36% over 10 years, suggesting returns may be mean-reverting as the base grows larger
  • TTM sales growth of 10% has decelerated from the 5-year CAGR of 22%, indicating potential volume or pricing headwinds
  • Being in a commodity-linked steel tubes business, margins are vulnerable to raw material price volatility which could compress the 25% ROE
  • At ₹53,013 Cr market cap, further large-scale re-rating becomes progressively harder without proportional earnings delivery
  • 3-year sales CAGR of 13% versus 5-year CAGR of 22% shows a slowing topline trajectory that may pressure the current premium valuation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 3
  • Q1FY26 profit up 11% YoY Aug 1

    Consolidated net profit rose 11% YoY to ₹263.11 crore in Q1FY26, with revenue up 8% to ₹5,606.71 crore.

  • Phased capacity expansion from H2 FY27 Aug 3

    APL Apollo announced phased capacity expansion starting H2 FY27 through FY28, targeting 20% EBITDA growth by FY27 with improved financials expected between FY28 and FY30.

  • Sequential recovery expected in Q2 Aug 3

    Management expects Q2 sales volume and EBITDA to be better than Q1, reflecting sequential improvement in demand and operations.

Neutral 2
  • Q4FY26 earnings call recording released Aug 3

    APL Apollo released the audio recording of its investor conference call held on August 3, 2026, discussing Q4FY26 results.

  • Q1 earnings call held Aug 3 Jul 24

    APL Apollo scheduled and held its Q1 earnings call on August 3 at 11:30 AM for investors and analysts to review quarterly results.

TL;DR: APL Apollo delivered solid Q1FY26 results with 11% profit growth and 8% revenue growth, supported by management confidence in sequential improvement and a medium-term capacity expansion plan targeting 20% EBITDA growth by FY27. No material headwinds surfaced in recent news. The trend is improving with a clear growth roadmap extending through FY30, though execution on the phased expansion will be the key monitorable.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
4,545
4,630
4,178
4,766
4,974
4,774
5,433
5,509
5,170
5,206
5,982
6,269
5,607
Expenses
4,238
4,305
3,898
4,485
4,673
4,636
5,087
5,095
4,798
4,759
5,511
5,758
5,195
Operating Profit
307
325
280
280
302
138
346
414
372
447
472
511
411
OPM %
7%
7%
7%
6%
6%
2.9%
6%
8%
7%
9%
8%
8%
7%
Other Income
22
20
15
19
25
15
22
35
26
25
25
36
40
Interest
27
27
28
31
28
36
37
32
33
28
33
32
39
Depreciation
41
41
47
47
46
47
50
58
54
58
59
59
59
PBT
261
277
219
221
252
70
280
359
310
386
404
457
352
Tax %
26%
27%
24%
23%
23%
23%
23%
18%
23%
22%
23%
22%
25%
Net Profit
194
203
166
170
193
54
217
293
237
302
310
354
263
EPS in Rs
6.98
7.32
5.96
6.14
6.96
1.94
7.82
10.56
8.55
10.86
11.17
12.76
9.48
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,090
4,154
3,924
5,335
7,152
7,723
8,500
13,063
16,166
18,119
20,690
23,079
23,065
Expenses
2,908
3,872
3,590
4,964
6,759
7,246
7,821
12,118
15,143
16,926
19,490
21,277
21,223
Operating Profit
182
282
334
371
393
478
679
946
1,022
1,193
1,199
1,802
1,841
OPM %
6%
7%
9%
7%
5%
6%
8%
7%
6%
7%
6%
8%
8%
Other Income
4
-15
5
8
12
22
36
40
46
74
96
112
126
Interest
66
70
72
81
113
107
66
44
67
113
133
125
131
Depreciation
22
34
51
53
64
96
103
109
138
176
201
231
236
PBT
98
163
216
244
227
296
546
832
863
978
960
1,557
1,600
Tax %
35%
38%
30%
35%
35%
14%
25%
26%
26%
25%
21%
23%
—
Net Profit
64
101
152
158
148
256
408
619
642
732
757
1,203
1,229
EPS in Rs
2.72
4.29
6.45
6.66
6.22
9.58
14.42
24.73
23.14
26.39
27.28
43.33
44.27
Div. Payout %
22%
23%
19%
21%
23%
0%
0%
14%
22%
21%
21%
20%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
23
23
24
24
24
25
25
50
55
56
56
56
Reserves
472
544
680
814
940
1,331
1,670
2,414
2,950
3,549
4,153
5,241
Borrowings
482
651
594
775
858
834
520
581
873
1,144
634
498
Other Liabilities
345
442
547
568
952
1,075
1,184
1,407
1,973
2,438
2,753
3,039
Total Liabilities
1,323
1,660
1,845
2,181
2,774
3,266
3,399
4,452
5,852
7,187
7,596
8,833
Fixed Assets
614
666
670
886
1,034
1,708
1,736
1,837
2,580
3,281
3,668
4,060
CWIP
24
32
122
46
27
10
108
504
374
203
336
328
Investments
19
13
0
1
49
2
1
91
96
103
126
48
Other Assets
666
949
1,052
1,248
1,663
1,546
1,554
2,020
2,801
3,600
3,467
4,396
Total Assets
1,323
1,660
1,845
2,181
2,774
3,266
3,399
4,452
5,852
7,187
7,596
8,833
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
315
11
315
91
358
510
977
652
691
1,112
1,213
2,103
Investing
-191
-93
-170
-165
-264
-435
-647
-530
-876
-916
-375
-1,394
Financing
-124
81
-145
79
-53
-78
-359
26
143
27
-815
-438
Net Cash Flow
0
0
0
5
41
-3
-28
148
-41
222
24
271
Free Cash Flow
134
-99
144
-77
132
208
697
65
-151
450
562
1,451
CFO/OP
177
19
113
41
108
124
162
90
89
111
117
133
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
21
19
27
30
28
23
6
10
3
3
5
6
Inventory Days
44
61
53
47
45
44
39
28
39
38
33
27
Days Payable
28
26
44
30
40
42
40
34
42
46
46
44
Cash Conversion Cycle
36
54
36
47
33
24
4
3
0
-5
-8
-12
Working Capital Days
-3
7
-3
0
-1
8
-6
0
1
10
0
2
ROCE %
17%
24%
23%
22%
20%
20%
26%
32%
27%
25%
22%
32%

Shareholding Pattern

As of Jun 2026
FIIs 35.12%
Promoters 28.25%
DIIs 18.58%
Public 18.04%
Total 99.99%
  Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
29.67%
29.56%
29.44%
28.33%
28.32%
28.31%
28.31%
28.31%
28.30%
28.27%
28.25%
28.25%
FIIs
28.66%
29.25%
30.69%
31.55%
31.94%
31.72%
31.78%
33.05%
33.72%
33.12%
37.52%
35.12%
DIIs
12.69%
13.75%
14.06%
14.90%
15.89%
16.51%
16.74%
16.83%
18.92%
19.91%
16.05%
18.58%
Public
28.99%
27.41%
25.81%
25.23%
23.84%
23.45%
23.17%
21.81%
19.07%
18.69%
18.18%
18.04%
No. of Shareholders
1,91,718
2,05,845
2,03,720
1,94,192
2,17,648
1,94,598
1,85,524
1,83,416
1,64,361
1,59,316
1,58,128
1,58,947

Documents

1
Concall - May 2024 May 2024
2
Concall - Jul 2025 Jul 2025
3
Concall - Sep 2017 Sep 2017
4
Concall - Dec 2017 Dec 2017
5
Concall - Jun 2018 Jun 2018

Frequently Asked Questions about APL Apollo Tubes Ltd

What does APL Apollo Tubes Ltd do?
APL Apollo Tubes Limited (APL Apollo) is one of India’s leading branded steel products manufacturers. Headquartered at Delhi NCR, the Company runs 10 manufacturing facilities churning out over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes an...
Where is APL Apollo Tubes Ltd (APLAPOLLO) listed?
APL Apollo Tubes Ltd is listed on the Indian stock exchanges. It is listed on NSE: APLAPOLLO and BSE: 533758. You can view its live share price, financials, and ratios on Tapetide.
Which sector does APL Apollo Tubes Ltd belong to?
APL Apollo Tubes Ltd operates in the Industrial Products sector within the Iron & Steel Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the PE ratio of APL Apollo Tubes Ltd?
The Price-to-Earnings (PE) ratio of APL Apollo Tubes Ltd is 46.63. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of APL Apollo Tubes Ltd?
Over the past 52 weeks, APL Apollo Tubes Ltd has traded between a low of ₹1,565.5 and a high of ₹2,301.4. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of APL Apollo Tubes Ltd?
APL Apollo Tubes Ltd has a Return on Equity (ROE) of 17.99%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research APL Apollo Tubes Ltd on Tapetide?
On Tapetide, you can view APL Apollo Tubes Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

APL Apollo Tubes Limited (APL Apollo) is one of India’s leading branded steel products manufacturers. Headquartered at Delhi NCR, the Company runs 10 manufacturing facilities churning out over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and Hollow Sections to serve industry applications like urban infrastructures, housing, irrigation, solar plants, greenhouses and engineering. [1]

Website aplapollo.com
CEO Mr. Sanjay Gupta
Employees 3,382
Listed 2011-12-14
Face Value ₹ 2
Issued Size 27,76,36,026

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