APL Apollo Tubes Ltd.

•

aplapollo.comBSE: 533758NSE: APLAPOLLO

Market Cap₹ 59,780 Cr.

Current Price

High / Low₹ 2,301 / 1,653

Stock P/E48.6

Book Value₹ 200

Price to Book10.16

Dividend Yield0.39 %

ROCE31.8 %

ROE25.4 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 24.2% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 26.7%
Company has a good return on equity (ROE) track record: 3 Years ROE 22.3%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 22.1% CAGR over last 5 years

CONS

Receivables are growing faster than sales - a possible quality concern
Stock is trading at 10.2x its book value
Expensive relative to growth - PEG of 2.1
Rich enterprise valuation - EV/EBITDA of 27.9x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsIron & SteelSteel & Iron Products

Part ofNIFTYM150MOMNTM50 NIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150

S.No.	Name
1.	JSWSTEEL	1267.50	12.51	309961.29	0.56	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	182.85	20.69	228259.99	2.19	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	179.00	17.31	73936.40	1.31	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2676.25	30.57	70596.97	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	755.20	19.16	62260.17	0.53	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2153.00	48.64	59779.85	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1074.35	26.70	29988.53	0.42	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.15	45.47	19682.88	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	524.75	16.37	18491.21	0.38	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	244.50	20.41	16460.69	0.41	222.37	2.75	1750.47	32.29	20.20	19.36
12.	USHAMART	494.15	29.70	15058.83	0.76	142.04	40.90	1033.00	16.44	20.17	20.62

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4,402	4,489	4,048	4,568	4,777	4,628	5,267	5,324	5,003	5,038	5,649	6,076	5,607
	4,238	4,305	3,898	4,485	4,673	4,636	5,087	5,095	4,798	4,759	5,343	5,758	5,294
Operating Profit	165	184	150	82	104	-8	180	229	205	278	305	318	313
OPM %	3.74%	4.09%	3.70%	1.80%	2.19%	-0.17%	3.42%	4.31%	4.10%	5.53%	5.40%	5.23%	5.58%
	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
Profit before Tax	261	277	219	221	252	70	280	359	310	386	404	457	352
Tax %	25.77%	26.67%	24.42%	22.95%	23.35%	22.68%	22.54%	18.29%	23.48%	21.95%	23.35%	22.40%	25.34%
Net Profit	194	203	0	0	193	54	217	293	237	302	310	354	263
	6.98	7.32	5.97	6.14	6.96	1.94	7.82	10.56	8.55	10.86	11.17	12.76	9.48

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,924	5,335	7,152	7,723	8,500	13,063	16,166	18,119	20,690	23,079	22,369
	3,591	4,964	6,764	7,246	7,821	12,118	15,144	16,927	19,491	21,277	21,155
Operating Profit	333	371	389	477	679	945	1,022	1,192	1,199	1,802	1,214
OPM %	8.49%	6.96%	5.43%	6.18%	7.99%	7.24%	6.32%	6.58%	5.80%	7.81%	5.43%
	6	8	16	22	36	40	47	75	96	112	126
Interest	72	81	113	107	66	44	67	113	133	125	131
Depreciation	51	53	64	96	103	109	138	176	201	231	236
Profit before Tax	216	244	227	296	546	832	863	978	960	1,557	1,600
Tax %	29.58%	35.28%	34.67%	13.61%	25.30%	25.63%	25.65%	25.09%	21.18%	22.75%	23.18%
Net Profit	152	158	148	256	408	619	642	732	757	1,203	1,229
EPS	63.25	65.63	61.76	19.26	14.40	22.33	23.14	26.40	27.28	43.32	—
Dividend Payout %	18.65%	20.93%	22.52%	0.00%	0.00%	14.15%	21.61%	20.83%	21.08%	19.62%	—

COMPOUNDED SALES GROWTH

10 Years:: 19%
5 Years:: 22%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: 28%
5 Years:: 27%
3 Years:: 23%

STOCK PRICE CAGR

10 Years:: 37%
5 Years:: 18%
3 Years:: 10%
1 Year:: 28%

RETURN ON EQUITY

10 Years:: 23%
5 Years:: 24%
3 Years:: 22%
Last Year:: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	24	24	24	25	25	50	55	56	56	56
Minority Interest	0	0	0	95	138	0	0	0	0	0
	675	808	933	1,322	1,666	2,407	2,948	3,549	4,139	5,241
	599	805	907	902	597	657	981	1,077	596	481
Trade Payables	392	379	699	764	786	1,059	1,597	1,982	2,231	2,368
	296	297	404	267	481	724	949	1,231	1,114	1,134
Total Liabilities	1,985	2,313	2,966	3,375	3,693	4,897	6,531	7,894	8,136	9,279
	658	875	1,034	1,708	1,736	1,837	2,580	3,281	3,668	4,060
Capital Work in Progress	122	46	27	10	108	504	374	203	336	328
	0	1	49	2	1	91	96	103	126	49
	470	591	784	784	760	847	1,480	1,638	1,623	1,445
	0	0	0	0	0	0	0	139	267	351
Cash & Bank	2	7	48	46	358	376	352	348	575	886
	733	792	1,024	825	730	1,241	1,648	2,183	1,541	2,160
Total Assets	1,985	2,313	2,966	3,375	3,693	4,897	6,531	7,894	8,136	9,279

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	378	152	425	591	1,097	851	907	1,112	1,219	2,103
Cash from Investing	-170	-165	-264	-435	-647	-530	-876	-916	-381	-1,392
Cash from Financing	-145	79	-53	-78	-359	26	143	27	-815	-440
	0	5	41	-3	-28	148	-41	222	24	271

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	28.33	28.32	28.31	28.31	28.31	28.30	28.27	28.25	28.25
	31.53	31.92	31.70	31.76	33.03	33.70	33.10	37.50	35.10
	14.90	15.89	16.51	16.74	16.83	18.92	19.91	16.05	18.58
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.22	23.84	23.46	23.17	21.80	19.07	18.69	18.19	18.05

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

General Updates

2026-09-10 - APL Apollo Tubes Limited has informed the Exchange about General Updates

2026-08-23

Copy of Newspaper Publication

2026-08-23 - APL Apollo Tubes Limited has informed the Exchange regarding Newspaper Advertisement of completion of despatch of the Notice of 41st Annual General Meeting.

2026-08-22

General Updates

2026-08-22 - APL Apollo Tubes Limited has received various order of revised demand from Deputy Commissioner (Appeals), Hosur under Section 74 of the CGST Act, 2017.

2026-08-22

General Updates

2026-08-22 - APL Apollo Tubes Limited has received order of revised demand from Deputy Commissioner (Appeals), Hosur under Section 73 of the TNGST Act. 2017 for FY 2019-20.

2026-08-21

Shareholders meeting

2026-08-21 - APL Apollo Tubes Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 15, 2026

2026-08-19

Copy of Newspaper Publication

2026-08-19 - APL Apollo Tubes Limited has informed the Exchange about Newspaper Advertisement regarding pre-dispatch intimation of notice of 41st Annual General Meeting of the Company

2026-08-19

General Updates

2026-08-19 - APL Apollo Tubes Limited has informed the Exchange about the date of Annual General Meeting

2026-08-19

Record Date

2026-08-19 - APL Apollo Tubes Limited has informed the Exchange that Record date for the purpose of Dividend is 08-Sep-2026.

2026-08-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-05 - APL Apollo Tubes Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for APLAPOLLO

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APL Apollo Tubes Ltd.

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Free 5nance Account

Name

JSWSTEEL

1267.50

12.51

309961.29

0.56

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

182.85

20.69

228259.99

2.19

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

179.00

17.31

73936.40

1.31

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2676.25

30.57

70596.97

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

755.20

19.16

62260.17

0.53

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2153.00

48.64

59779.85

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1074.35

26.70

29988.53

0.42

3507.30

1106.63

54550.90

1133.35

13.88

14.03

JINDALSAW

311.85

30.52

19943.06

0.64

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2808.15

45.47

19682.88

0.36

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

524.75

16.37

18491.21

0.38

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

244.50

20.41

16460.69

0.41

222.37

2.75

1750.47

32.29

20.20

19.36

USHAMART

494.15

29.70

15058.83

0.76

142.04

40.90

1033.00

16.44

20.17

20.62

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

4,402

4,489

4,048

4,568

4,777

4,628

5,267

5,324

5,003

5,038

5,649

6,076

5,607

4,238

4,305

3,898

4,485

4,673

4,636

5,087

5,095

4,798

4,759

5,343

5,758

5,294

Operating Profit

165

184

150

104

-8

180

229

205

278

305

318

313

OPM %

3.74%

4.09%

3.70%

1.80%

2.19%

-0.17%

3.42%

4.31%

4.10%

5.53%

5.40%

5.23%

5.58%

Interest

Depreciation

Profit before Tax

261

277

219

221

252

280

359

310

386

404

457

352

Tax %

25.77%

26.67%

24.42%

22.95%

23.35%

22.68%

22.54%

18.29%

23.48%

21.95%

23.35%

22.40%

25.34%

Net Profit

194

203

193

217

293

237

302

310

354

263

6.98

7.32

5.97

6.14

6.96

1.94

7.82

10.56

8.55

10.86

11.17

12.76

9.48

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,924

5,335

7,152

7,723

8,500

13,063

16,166

18,119

20,690

23,079

22,369

3,591

4,964

6,764

7,246

7,821

12,118

15,144

16,927

19,491

21,277

21,155

Operating Profit

333

371

389

477

679

945

1,022

1,192

1,199

1,802

1,214

OPM %

8.49%

6.96%

5.43%

6.18%

7.99%

7.24%

6.32%

6.58%

5.80%

7.81%

5.43%

112

126

Interest

113

107

113

133

125

131

Depreciation

103

109

138

176

201

231

236

Profit before Tax

216

244

227

296

546

832

863

978

960

1,557

1,600

Tax %

29.58%

35.28%

34.67%

13.61%

25.30%

25.63%

25.65%

25.09%

21.18%

22.75%

23.18%

Net Profit

152

158

148

256

408

619

642

732

757

1,203

1,229

EPS

63.25

65.63

61.76

19.26

14.40

22.33

23.14

26.40

27.28

43.32

—

Dividend Payout %

18.65%

20.93%

22.52%

0.00%

14.15%

21.61%

20.83%

21.08%

19.62%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

138

675

808

933

1,322

1,666

2,407

2,948

3,549

4,139

5,241

599

805

907

902

597

657

981

1,077

596

481

Trade Payables

392

379

699

764

786

1,059

1,597

1,982

2,231

2,368

296

297

404

267

481

724

949

1,231

1,114

1,134

Total Liabilities

1,985

2,313

2,966

3,375

3,693

4,897

6,531

7,894

8,136

9,279

658

875

1,034

1,708

1,736

1,837

2,580

3,281

3,668

4,060

Capital Work in Progress

122

108

504

374

203

336

328

103

126

470

591

784

760

847

1,480

1,638

1,623

1,445

139

267

351

Cash & Bank

358

376

352

348

575

886

733

792

1,024

825

730

1,241

1,648

2,183

1,541

2,160

Total Assets

1,985

2,313

2,966

3,375

3,693

4,897

6,531

7,894

8,136

9,279

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

378

152

425

591

1,097

851

907

1,112

1,219

2,103

Cash from Investing

-170

-165

-264

-435

-647

-530

-876

-916

-381

-1,392

Cash from Financing

-145

-53

-78

-359

143

-815

-440

-3

-28

148

-41

222

271

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

28.33

28.32

28.31

28.30

28.27

28.25

31.53

31.92

31.70

31.76

33.03

33.70

33.10

37.50

35.10

14.90

15.89

16.51

16.74

16.83

18.92

19.91

16.05

18.58

Government

0.00

25.22

23.84

23.46

23.17

21.80

19.07

18.69

18.19

18.05

APL Apollo Tubes Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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APL Apollo Tubes Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI