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 ₹ 44,154 Cr.
- Current Price ₹ 1,591
- High / Low ₹ 1,936 / 1,253
- Stock P/E 123
- Book Value ₹ 111
- Dividend Yield 0.36 %
- ROCE 15.3 %
- ROE 11.2 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 36.1%
Cons
- Stock is trading at 14.3 times its book value
- Promoter holding has decreased over last 3 years: -6.21%
* 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 Nifty 500 BSE Metal BSE MidCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 14,232 | |
1,914 | 1,973 | 2,836 | 2,884 | 4,101 | 5,581 | 5,693 | 5,724 | 10,825 | 13,482 | 13,153 | 13,820 | 13,640 | |
Operating Profit | 93 | 94 | 113 | 222 | 235 | 287 | 238 | 284 | 764 | 797 | 706 | 541 | 592 |
OPM % | 5% | 5% | 4% | 7% | 5% | 5% | 4% | 5% | 7% | 6% | 5% | 4% | 4% |
2 | 13 | -4 | 4 | 35 | 42 | 27 | 44 | 35 | 42 | 57 | 80 | 83 | |
Interest | 46 | 50 | 49 | 63 | 70 | 101 | 82 | 55 | 43 | 48 | 50 | 95 | 112 |
Depreciation | 10 | 12 | 19 | 40 | 44 | 53 | 69 | 68 | 94 | 102 | 100 | 102 | 106 |
Profit before tax | 39 | 44 | 42 | 123 | 156 | 175 | 114 | 205 | 662 | 689 | 612 | 425 | 458 |
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 | 359 | |
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 | 12.94 |
Dividend Payout % | 45% | 45% | 76% | 32% | 29% | 26% | 0% | 0% | 18% | 27% | 34% | 48% |
Compounded Sales Growth | |
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10 Years: | 21% |
5 Years: | 19% |
3 Years: | 7% |
TTM: | 4% |
Compounded Profit Growth | |
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10 Years: | 27% |
5 Years: | 24% |
3 Years: | -12% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 43% |
5 Years: | 51% |
3 Years: | 16% |
1 Year: | 8% |
Return on Equity | |
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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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 23 | 23 | 23 | 24 | 24 | 24 | 25 | 25 | 50 | 55 | 56 | 56 |
Reserves | 302 | 318 | 324 | 787 | 882 | 984 | 1,250 | 1,424 | 2,093 | 2,515 | 2,834 | 3,031 |
375 | 390 | 461 | 458 | 738 | 732 | 564 | 488 | 339 | 399 | 130 | 669 | |
126 | 126 | 260 | 569 | 499 | 838 | 735 | 883 | 1,271 | 1,534 | 1,570 | 1,686 | |
Total Liabilities | 826 | 858 | 1,068 | 1,838 | 2,143 | 2,577 | 2,574 | 2,820 | 3,753 | 4,504 | 4,590 | 5,442 |
242 | 295 | 332 | 505 | 717 | 802 | 957 | 892 | 1,536 | 1,519 | 1,438 | 1,603 | |
CWIP | 18 | 24 | 26 | 117 | 40 | 22 | 6 | 53 | 52 | 36 | 117 | 169 |
Investments | 87 | 88 | 90 | 391 | 392 | 392 | 396 | 526 | 539 | 961 | 1,345 | 1,577 |
480 | 451 | 621 | 825 | 994 | 1,361 | 1,215 | 1,350 | 1,626 | 1,988 | 1,690 | 2,093 | |
Total Assets | 826 | 858 | 1,068 | 1,838 | 2,143 | 2,577 | 2,574 | 2,820 | 3,753 | 4,504 | 4,590 | 5,442 |
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 | |
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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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 Jul - APL Apollo Tubes Ltd has informed about newspaper advertisement regarding transfer of Equity Shares of the Company to IEPF
- Fixation Of Record Date For Final Dividend 30 Jul
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Intimation Of Date Of Annual General Meeting Of The Company
30 Jul - AGM on 15 Sept 2025; final dividend ₹5.75/share record date 22 Aug 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
26 Jul - APL Apollo Tubes Limited has informed regarding transcript of the conference call held on July 24th, 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Jul - Newspaper publication of Unaudited Financial Results for the quarter ended June 30, 2025
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Jul 2025Transcript PPT REC
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Jul 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Oct 2020TranscriptPPT
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Jul 2020Transcript PPT
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May 2020TranscriptNotesPPT
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Nov 2019Transcript PPT
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Nov 2018Transcript PPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018Transcript PPT
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Dec 2017Transcript PPT
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Sep 2017Transcript PPT
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Sep 2017TranscriptNotesPPT
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May 2017Transcript PPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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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]