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 ₹ 50,449 Cr.
- Current Price ₹ 1,817
- High / Low ₹ 2,301 / 1,492
- Stock P/E 92.2
- Book Value ₹ 125
- Dividend Yield 0.32 %
- 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 14.5 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: | 34% |
| 5 Years: | 18% |
| 3 Years: | 11% |
| 1 Year: | 5% |
| 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
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| Sales Volume K Ton |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Jul - APL Apollo reported Q1FY27 sales volume of 744,823 tonnes, down 6% year-on-year.
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Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
27 Jun - Board approved sale of BOPPL to SG Realtor for ₹160 crore, completion by December 31, 2026.
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Board Meeting Outcome for Outcome Of The Board Meeting
27 Jun - Board approved sale of Blue Ocean Projects to SG Realtor for ₹160 crore, completion by December 31, 2026.
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Closure of Trading Window
24 Jun - Trading window closed from 1 July 2026 until 48 hours after Q1 FY2027 results.
Annual reports
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Financial Year 2025
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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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Concalls
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May 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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May 2024TranscriptAI SummaryPPT
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Oct 2020TranscriptPPT
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Jul 2020Transcript PPT
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May 2020TranscriptAI SummaryPPT
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Nov 2019Transcript PPT
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Nov 2018Transcript PPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018Transcript PPT
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Aug 2018TranscriptAI SummaryPPT
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Jun 2018TranscriptAI SummaryPPT
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Dec 2017Transcript PPT
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Sep 2017TranscriptAI SummaryPPT
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May 2017Transcript PPT
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Nov 2016TranscriptPPT
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Jun 2016Transcript PPT
Product Segments:[1]
a) Apollo Structural:
The company offers a range of structural steel tubes for super-heavy, light, and general construction applications. The portfolio includes India's first DFT technology-based structural tubes, lightweight furniture tubes, door frames, planks, and square and rectangular hollow sections. These products are widely used in high-rise buildings, warehouses, infrastructure projects, columns, beams, door frames, staircases, furniture, etc.