APL Apollo Tubes Ltd

APL Apollo Tubes Ltd

₹ 1,852 -1.13%
05 May 1:55 p.m.
About

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]

Key Points

Product Portfolio
As of FY24, The company's product portfolio comprises:
Apollo structural (68% of revenues),
Apollo Z (28%),
Apollo Galv (4%)[1]

  • Market Cap 51,422 Cr.
  • Current Price 1,852
  • High / Low 2,301 / 1,492
  • Stock P/E 94.0
  • Book Value 125
  • Dividend Yield 0.31 %
  • ROCE 21.5 %
  • ROE 16.7 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 41.4%

Cons

  • Stock is trading at 14.8 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
3,686 3,649 3,725 3,146 3,339 3,501 3,321 3,781 3,757 3,373 3,186 4,010 4,216
3,451 3,416 3,517 2,977 3,244 3,358 3,272 3,635 3,555 3,179 3,004 3,802 3,913
Operating Profit 236 233 208 169 96 143 50 146 202 194 183 208 303
OPM % 6% 6% 6% 5% 3% 4% 2% 4% 5% 6% 6% 5% 7%
11 17 14 11 14 13 12 20 35 17 17 17 30
Interest 12 13 12 13 12 10 27 31 27 27 26 29 31
Depreciation 31 24 25 28 24 23 23 25 30 27 31 31 32
Profit before tax 204 214 185 139 75 123 12 110 179 156 142 165 271
Tax % 26% 25% 28% 26% 23% 25% 49% 22% 16% 26% 25% 27% 24%
152 161 133 103 57 92 6 86 151 116 106 120 205
EPS in Rs 5.48 5.79 4.79 3.71 2.07 3.33 0.21 3.11 5.44 4.18 3.83 4.31 7.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,067 2,949 3,106 4,336 5,868 5,931 6,008 11,590 14,279 13,859 14,361 15,110
1,973 2,836 2,884 4,101 5,581 5,693 5,724 10,825 13,482 13,153 13,820 14,223
Operating Profit 94 113 222 235 287 238 284 764 797 706 541 887
OPM % 5% 4% 7% 5% 5% 4% 5% 7% 6% 5% 4% 6%
13 -4 4 35 42 27 44 35 42 57 80 81
Interest 50 49 63 70 101 82 55 43 48 50 95 113
Depreciation 12 19 40 44 53 69 68 94 102 100 102 121
Profit before tax 44 42 123 156 175 114 205 662 689 612 425 735
Tax % 29% 26% 28% 28% 28% -1% 25% 25% 26% 26% 21% 26%
31 31 88 113 126 115 154 494 512 454 336 547
EPS in Rs 1.34 1.31 3.74 4.74 5.30 4.63 6.16 19.75 18.46 16.35 12.09 19.70
Dividend Payout % 45% 76% 32% 29% 26% -0% -0% 18% 27% 34% 48% 43%
Compounded Sales Growth
10 Years: 18%
5 Years: 20%
3 Years: 2%
TTM: 5%
Compounded Profit Growth
10 Years: 27%
5 Years: 29%
3 Years: 2%
TTM: 71%
Stock Price CAGR
10 Years: 37%
5 Years: 23%
3 Years: 16%
1 Year: 16%
Return on Equity
10 Years: 16%
5 Years: 18%
3 Years: 15%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 23 23 24 24 24 25 25 50 55 56 56 56
Reserves 318 324 787 882 984 1,250 1,424 2,093 2,515 2,834 3,031 3,426
390 461 458 738 732 564 488 339 399 130 669 640
126 260 569 499 838 735 883 1,271 1,534 1,570 1,686 1,914
Total Liabilities 858 1,068 1,838 2,143 2,577 2,574 2,820 3,753 4,504 4,590 5,442 6,036
295 332 505 717 802 957 892 1,536 1,519 1,438 1,603 1,751
CWIP 24 26 117 40 22 6 53 52 36 117 169 79
Investments 88 90 391 392 392 396 526 539 961 1,345 1,577 1,585
451 621 825 994 1,361 1,215 1,350 1,626 1,988 1,690 2,093 2,622
Total Assets 858 1,068 1,838 2,143 2,577 2,574 2,820 3,753 4,504 4,590 5,442 6,036

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
138 36 377 -60 268 305 618 614 916 740 413 1,199
-75 -45 -181 -132 -123 -164 -545 -171 -837 -334 -471 -670
-62 9 -196 192 -121 -127 -108 -349 -71 -450 300 -295
Net Cash Flow 0 -0 -0 1 23 15 -36 94 8 -44 241 234
Free Cash Flow 58 -30 229 -223 111 128 512 500 796 652 135 1,043
CFO/OP 151% 38% 181% -12% 102% 145% 232% 100% 136% 127% 92% 154%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 20 33 30 29 26 19 5 12 3 1 2 3
Inventory Days 37 36 50 48 47 41 38 28 31 29 27 24
Days Payable 7 20 62 34 43 41 48 37 37 38 39 42
Cash Conversion Cycle 50 48 18 43 30 19 -5 3 -3 -8 -9 -15
Working Capital Days -6 3 -13 -10 -2 6 -11 -1 -10 -2 -1 -2
ROCE % 13% 15% 18% 16% 16% 11% 14% 32% 27% 22% 15% 22%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Manufacturing Capacity
Mn Ton

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Distributor Network Size
Number
Number of SKUs
Number
Sales Volume
K Ton
Capacity Utilization
%
Market Share (Structural Steel Tubes)
%
Value Added Products Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
30.61% 29.67% 29.56% 29.44% 28.33% 28.32% 28.31% 28.31% 28.31% 28.30% 28.27% 28.25%
25.07% 28.66% 29.25% 30.69% 31.55% 31.94% 31.72% 31.78% 33.05% 33.72% 33.12% 37.52%
12.73% 12.69% 13.75% 14.06% 14.90% 15.89% 16.51% 16.74% 16.83% 18.92% 19.91% 16.05%
31.59% 28.99% 27.41% 25.81% 25.23% 23.84% 23.45% 23.17% 21.81% 19.07% 18.69% 18.18%
No. of Shareholders 1,82,7541,91,7182,05,8452,03,7201,94,1922,17,6481,94,5981,85,5241,83,4161,64,3611,59,3161,58,128

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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