APL Apollo Tubes Ltd
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]
- 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE Metal
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 |
|
|||||||||||
| 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
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19h - APL Apollo Tubes shared audio recording link for 4 May 2026 investor conference call on audited results.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication of the Audited Financial Results for the quarter and year ended on March 31, 2026
- Announcement under Regulation 30 (LODR)-Investor Presentation 2d
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - APL Apollo Tubes released Q4FY26/FY26 audited results; revenue rose 14% in Q4, EBITDA 24%, PAT 21%.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
2d - APL Apollo board approved FY26 audited results and Rs8.50 final dividend; initiated AAML liquidation, BOPPL divestment.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
May 2026TranscriptAI SummaryPPT
-
Jan 2026Transcript PPT REC
-
Nov 2025Transcript PPT REC
-
Jul 2025Transcript PPT REC
-
Jul 2025TranscriptAI SummaryPPT
-
May 2025Transcript PPT REC
-
Jan 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024TranscriptPPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023TranscriptPPT
-
Nov 2022TranscriptPPT
-
Aug 2022TranscriptPPT
-
May 2022TranscriptPPT
-
Jan 2022TranscriptPPT
-
Oct 2021TranscriptPPT
-
Aug 2021TranscriptPPT
-
Jun 2021TranscriptPPT
-
Feb 2021TranscriptPPT
-
Oct 2020TranscriptPPT
-
Aug 2020TranscriptPPT
-
Jul 2020Transcript PPT
-
May 2020TranscriptAI SummaryPPT
-
Jan 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Aug 2019Transcript PPT
-
May 2019Transcript PPT
-
Feb 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Nov 2018TranscriptAI SummaryPPT
-
Aug 2018Transcript PPT
-
Aug 2018TranscriptAI SummaryPPT
-
Jun 2018TranscriptAI SummaryPPT
-
May 2018Transcript PPT
-
Jan 2018Transcript PPT
-
Dec 2017Transcript PPT
-
Sep 2017Transcript PPT
-
Sep 2017TranscriptAI SummaryPPT
-
May 2017Transcript PPT
-
Nov 2016TranscriptPPT
-
Aug 2016TranscriptPPT
-
Jun 2016Transcript PPT
Product Portfolio
As of FY24, The company's product portfolio comprises:
Apollo structural (68% of revenues),
Apollo Z (28%),
Apollo Galv (4%)[1]