APL Apollo Tubes Ltd.

•

aplapollo.comBSE: 533758NSE: APLAPOLLO

Market Cap₹ 60,182 Cr.

Current Price

High / Low₹ 2,301 / 1,653

Stock P/E104.1

Book Value₹ 131

Price to Book15.45

Dividend Yield0.39 %

ROCE21.5 %

ROE16.7 %

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 28.9% CAGR over last 5 years
Company has delivered good sales growth of 20.3% CAGR over last 5 years
Latest quarter profit grew 26.7% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.76x)
Company has been maintaining a healthy dividend payout of 43.1%

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 14.5% versus prior year
Stock is trading at 15.5x its book value
Expensive relative to growth - PEG of 46.4
Growth is decelerating - 3Y profit CAGR (2.2%) trails the 5Y trend (28.9%)

* 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	1310.35	12.93	320440.06	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	188.55	21.33	235375.56	2.12	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	186.25	18.01	76931.03	1.26	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2607.95	29.79	68795.28	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	782.80	19.87	64535.57	0.51	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2167.50	48.97	60182.46	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1073.35	26.68	29960.62	0.42	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	RATNAMANI	2862.55	46.35	20064.19	0.35	107.03	-15.82	971.63	-15.63	18.01	16.69
9.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
10.	SARDAEN	546.75	17.05	19266.45	0.37	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	253.20	21.14	17046.41	0.39	222.37	2.75	1750.47	32.29	20.20	19.36
12.	USHAMART	498.25	29.95	15183.77	0.75	142.04	40.90	1033.00	16.44	20.17	20.62

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	3,547	3,624	3,054	3,251	3,378	3,228	3,679	3,659	3,268	3,094	3,746	4,096	3,802
	3,416	3,517	2,977	3,244	3,358	3,272	3,635	3,555	3,179	3,004	3,635	3,913	3,653
Operating Profit	132	107	78	7	20	-44	44	105	89	90	111	183	149
OPM %	3.71%	2.95%	2.54%	0.22%	0.59%	-1.35%	1.20%	2.86%	2.73%	2.92%	2.97%	4.48%	3.93%
	17	14	11	14	13	12	20	35	17	17	17	30	50
Interest	13	12	13	12	10	27	31	27	27	26	29	31	38
Depreciation	24	25	28	24	23	23	25	30	27	31	31	32	29
Profit before Tax	214	185	139	75	123	12	110	179	156	142	165	271	199
Tax %	24.87%	28.05%	25.80%	23.05%	25.10%	49.27%	21.54%	15.90%	25.82%	25.41%	27.47%	24.24%	26.04%
Net Profit	161	133	103	57	92	6	86	151	116	106	120	205	147
	5.79	4.79	3.71	2.07	3.33	0.21	3.11	5.44	4.18	3.83	4.31	7.39	5.29

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,106	4,336	5,868	5,931	6,008	11,590	14,279	13,859	14,361	15,110	14,738
	2,885	4,101	5,584	5,693	5,724	10,826	13,482	13,153	13,820	14,223	14,204
Operating Profit	221	235	285	238	284	764	797	706	541	887	534
OPM %	7.12%	5.42%	4.86%	4.01%	4.73%	6.59%	5.58%	5.09%	3.77%	5.87%	3.62%
	5	35	45	27	44	36	42	57	80	81	114
Interest	63	70	101	82	55	43	48	50	95	113	124
Depreciation	40	44	53	69	68	94	102	100	102	121	123
Profit before Tax	123	156	175	114	205	662	689	612	425	735	777
Tax %	28.45%	27.74%	27.92%	-1.07%	24.99%	25.39%	25.72%	25.82%	20.95%	25.53%	25.60%
Net Profit	88	113	126	115	154	494	512	454	336	547	578
EPS	36.72	46.76	52.65	9.31	6.15	17.85	18.45	16.35	12.09	19.70	—
Dividend Payout %	32.05%	29.48%	26.42%	0.00%	0.00%	17.73%	27.09%	33.65%	47.56%	43.14%	—

COMPOUNDED SALES GROWTH

10 Years:: 18%
5 Years:: 20%
3 Years:: 2%

COMPOUNDED PROFIT GROWTH

10 Years:: 33%
5 Years:: 29%
3 Years:: 2%

STOCK PRICE CAGR

10 Years:: 37%
5 Years:: 18%
3 Years:: 8%
1 Year:: 29%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 19%
3 Years:: 15%
Last Year:: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	782	876	976	1,241	1,420	2,086	2,514	2,834	3,017	3,426
	462	669	777	609	537	409	477	165	747	727
Trade Payables	443	353	624	588	697	1,029	1,265	1,296	1,380	1,520
	146	274	356	197	273	527	735	890	715	633
Total Liabilities	1,857	2,195	2,757	2,660	2,952	4,101	5,045	5,241	5,913	6,361
	493	706	802	957	892	1,473	1,456	1,375	1,540	1,688
Capital Work in Progress	117	40	22	6	53	52	36	117	169	79
	391	392	392	396	526	539	961	1,345	1,577	1,585
	362	504	680	590	550	778	1,058	994	978	861
	0	0	0	0	0	0	0	24	90	112
Cash & Bank	1	1	25	40	344	288	256	73	413	727
	494	553	836	671	587	971	1,279	1,313	1,146	1,310
Total Assets	1,857	2,195	2,757	2,660	2,952	4,101	5,045	5,241	5,913	6,361

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	401	-27	294	344	659	766	1,088	740	413	1,200
Cash from Investing	-181	-132	-123	-164	-545	-171	-837	-334	-471	-670
Cash from Financing	-196	192	-121	-127	-108	-349	-71	-450	300	-296
	-0	1	23	15	-36	94	8	-44	241	234

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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Name

JSWSTEEL

1310.35

12.93

320440.06

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

188.55

21.33

235375.56

2.12

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

186.25

18.01

76931.03

1.26

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2607.95

29.79

68795.28

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

782.80

19.87

64535.57

0.51

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2167.50

48.97

60182.46

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1073.35

26.68

29960.62

0.42

3507.30

1106.63

54550.90

1133.35

13.88

14.03

RATNAMANI

2862.55

46.35

20064.19

0.35

107.03

-15.82

971.63

-15.63

18.01

16.69

JINDALSAW

311.85

30.52

19943.06

0.64

90.79

-78.15

4452.31

9.00

10.38

8.79

SARDAEN

546.75

17.05

19266.45

0.37

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

253.20

21.14

17046.41

0.39

222.37

2.75

1750.47

32.29

20.20

19.36

USHAMART

498.25

29.95

15183.77

0.75

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

3,547

3,624

3,054

3,251

3,378

3,228

3,679

3,659

3,268

3,094

3,746

4,096

3,802

3,416

3,517

2,977

3,244

3,358

3,272

3,635

3,555

3,179

3,004

3,635

3,913

3,653

Operating Profit

132

107

-44

105

111

183

149

OPM %

3.71%

2.95%

2.54%

0.22%

0.59%

-1.35%

1.20%

2.86%

2.73%

2.92%

2.97%

4.48%

3.93%

Interest

Depreciation

Profit before Tax

214

185

139

123

110

179

156

142

165

271

199

Tax %

24.87%

28.05%

25.80%

23.05%

25.10%

49.27%

21.54%

15.90%

25.82%

25.41%

27.47%

24.24%

26.04%

Net Profit

161

133

103

151

116

106

120

205

147

5.79

4.79

3.71

2.07

3.33

0.21

3.11

5.44

4.18

3.83

4.31

7.39

5.29

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,106

4,336

5,868

5,931

6,008

11,590

14,279

13,859

14,361

15,110

14,738

2,885

4,101

5,584

5,693

5,724

10,826

13,482

13,153

13,820

14,223

14,204

Operating Profit

221

235

285

238

284

764

797

706

541

887

534

OPM %

7.12%

5.42%

4.86%

4.01%

4.73%

6.59%

5.58%

5.09%

3.77%

5.87%

3.62%

114

Interest

101

113

124

Depreciation

102

100

102

121

123

Profit before Tax

123

156

175

114

205

662

689

612

425

735

777

Tax %

28.45%

27.74%

27.92%

-1.07%

24.99%

25.39%

25.72%

25.82%

20.95%

25.53%

25.60%

Net Profit

113

126

115

154

494

512

454

336

547

578

EPS

36.72

46.76

52.65

9.31

6.15

17.85

18.45

16.35

12.09

19.70

—

Dividend Payout %

32.05%

29.48%

26.42%

0.00%

17.73%

27.09%

33.65%

47.56%

43.14%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

782

876

976

1,241

1,420

2,086

2,514

2,834

3,017

3,426

462

669

777

609

537

409

477

165

747

727

Trade Payables

443

353

624

588

697

1,029

1,265

1,296

1,380

1,520

146

274

356

197

273

527

735

890

715

633

Total Liabilities

1,857

2,195

2,757

2,660

2,952

4,101

5,045

5,241

5,913

6,361

493

706

802

957

892

1,473

1,456

1,375

1,540

1,688

Capital Work in Progress

117

169

391

392

396

526

539

961

1,345

1,577

1,585

362

504

680

590

550

778

1,058

994

978

861

112

Cash & Bank

344

288

256

413

727

494

553

836

671

587

971

1,279

1,313

1,146

1,310

Total Assets

1,857

2,195

2,757

2,660

2,952

4,101

5,045

5,241

5,913

6,361

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

401

-27

294

344

659

766

1,088

740

413

1,200

Cash from Investing

-181

-132

-123

-164

-545

-171

-837

-334

-471

-670

Cash from Financing

-196

192

-121

-127

-108

-349

-71

-450

300

-296

-0

-36

-44

241

234

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

Sign in to Chat with AI

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