APL Apollo Tubes Ltd

APL Apollo Tubes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

APL Apollo Tubes Ltd

₹ 2,176 1.84%
04 Feb 1:18 p.m.
aplapollo.com BSE: 533758 NSE: APLAPOLLO
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]

Website BSE NSE
  • Market Cap ₹ 60,423 Cr.
  • Current Price ₹ 2,176
  • High / Low ₹ 2,196 / 1,273
  • Stock P/E 123
  • Book Value ₹ 114
  • Dividend Yield 0.27 %
  • ROCE 14.7 %
  • ROE 10.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 36.1%

Cons

  • Stock is trading at 19.0 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.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE Metal

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
3,761 3,686 3,649 3,725 3,146 3,339 3,501 3,321 3,781 3,757 3,373 3,186 3,843
3,552 3,451 3,416 3,517 2,977 3,244 3,358 3,272 3,635 3,555 3,179 3,004 3,635
Operating Profit 209 236 233 208 169 96 143 50 146 202 194 183 208
OPM % 6% 6% 6% 6% 5% 3% 4% 2% 4% 5% 6% 6% 5%
10 11 17 14 11 14 13 12 20 35 17 17 17
Interest 14 12 13 12 13 12 10 27 31 27 27 26 29
Depreciation 24 31 24 25 28 24 23 23 25 30 27 31 31
Profit before tax 180 204 214 185 139 75 123 12 110 179 156 142 165
Tax % 26% 26% 25% 28% 26% 23% 25% 49% 22% 16% 26% 25% 27%
133 152 161 133 103 57 92 6 86 151 116 106 120
EPS in Rs 4.80 5.48 5.79 4.79 3.71 2.07 3.33 0.21 3.11 5.44 4.18 3.83 4.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2,007 2,067 2,949 3,106 4,336 5,868 5,931 6,008 11,590 14,279 13,859 14,361 14,158
1,914 1,973 2,836 2,884 4,101 5,581 5,693 5,724 10,825 13,482 13,153 13,820 13,372
Operating Profit 93 94 113 222 235 287 238 284 764 797 706 541 786
OPM % 5% 5% 4% 7% 5% 5% 4% 5% 7% 6% 5% 4% 6%
2 13 -4 4 35 42 27 44 35 42 57 80 86
Interest 46 50 49 63 70 101 82 55 43 48 50 95 109
Depreciation 10 12 19 40 44 53 69 68 94 102 100 102 120
Profit before tax 39 44 42 123 156 175 114 205 662 689 612 425 643
Tax % 33% 29% 26% 28% 28% 28% -1% 25% 25% 26% 26% 21%
26 31 31 88 113 126 115 154 494 512 454 336 493
EPS in Rs 1.12 1.34 1.31 3.74 4.74 5.30 4.63 6.16 19.75 18.46 16.35 12.09 17.76
Dividend Payout % 45% 45% 76% 32% 29% 26% 0% 0% 18% 27% 34% 48%
Compounded Sales Growth
10 Years: 21%
5 Years: 19%
3 Years: 7%
TTM: 2%
Compounded Profit Growth
10 Years: 26%
5 Years: 23%
3 Years: -14%
TTM: 104%
Stock Price CAGR
10 Years: 41%
5 Years: 36%
3 Years: 22%
1 Year: 49%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 16%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 23 23 23 24 24 24 25 25 50 55 56 56 56
Reserves 302 318 324 787 882 984 1,250 1,424 2,093 2,515 2,834 3,031 3,100
375 390 461 458 738 732 564 488 339 399 130 669 792
126 126 260 569 499 838 735 883 1,271 1,534 1,570 1,686 1,735
Total Liabilities 826 858 1,068 1,838 2,143 2,577 2,574 2,820 3,753 4,504 4,590 5,442 5,683
242 295 332 505 717 802 957 892 1,536 1,519 1,438 1,603 1,710
CWIP 18 24 26 117 40 22 6 53 52 36 117 169 54
Investments 87 88 90 391 392 392 396 526 539 961 1,345 1,577 1,581
480 451 621 825 994 1,361 1,215 1,350 1,626 1,988 1,690 2,093 2,337
Total Assets 826 858 1,068 1,838 2,143 2,577 2,574 2,820 3,753 4,504 4,590 5,442 5,683

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
68 138 36 377 -60 268 305 618 614 916 740 413
-84 -75 -45 -181 -132 -123 -164 -545 -171 -837 -334 -471
10 -62 9 -196 192 -121 -127 -108 -349 -71 -450 300
Net Cash Flow -6 0 -0 -0 1 23 15 -36 94 8 -44 241

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 33 20 33 30 29 26 19 5 12 3 1 2
Inventory Days 36 37 36 50 48 47 41 38 28 31 29 27
Days Payable 12 7 20 62 34 43 41 48 37 37 38 39
Cash Conversion Cycle 57 50 48 18 43 30 19 -5 3 -3 -8 -9
Working Capital Days 6 -6 3 -13 -10 -2 6 -11 -1 -10 -2 -1
ROCE % 13% 13% 15% 18% 16% 16% 11% 14% 32% 27% 22% 15%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
31.16% 30.61% 29.67% 29.56% 29.44% 28.33% 28.32% 28.31% 28.31% 28.31% 28.30% 28.27%
25.71% 25.07% 28.66% 29.25% 30.69% 31.55% 31.94% 31.72% 31.78% 33.05% 33.72% 33.12%
11.08% 12.73% 12.69% 13.75% 14.06% 14.90% 15.89% 16.51% 16.74% 16.83% 18.92% 19.91%
32.05% 31.59% 28.99% 27.41% 25.81% 25.23% 23.84% 23.45% 23.17% 21.81% 19.07% 18.69%
No. of Shareholders 1,81,4661,82,7541,91,7182,05,8452,03,7201,94,1922,17,6481,94,5981,85,5241,83,4161,64,3611,59,316

* 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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