APL Apollo Tubes Ltd

APL Apollo Tubes Ltd

₹ 1,890 0.01%
15 May - close price
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 52,483 Cr.
  • Current Price 1,890
  • High / Low 2,301 / 1,492
  • Stock P/E 43.6
  • Book Value 191
  • Dividend Yield 0.30 %
  • ROCE 31.6 %
  • ROE 25.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.5%

Cons

  • Stock is trading at 9.91 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

Consolidated Figures in Rs. Crores / View Standalone

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
4,431 4,545 4,630 4,178 4,766 4,974 4,774 5,433 5,509 5,170 5,206 5,982 6,269
4,108 4,238 4,305 3,898 4,485 4,673 4,636 5,087 5,095 4,798 4,759 5,511 5,758
Operating Profit 323 307 325 280 280 302 138 346 414 372 447 472 511
OPM % 7% 7% 7% 7% 6% 6% 3% 6% 8% 7% 9% 8% 8%
18 22 20 15 19 25 15 22 35 26 25 25 36
Interest 25 27 27 28 31 28 36 37 32 33 28 33 32
Depreciation 47 41 41 47 47 46 47 50 58 54 58 59 59
Profit before tax 269 261 277 219 221 252 70 280 359 310 386 404 457
Tax % 25% 26% 27% 24% 23% 23% 23% 23% 18% 23% 22% 23% 22%
202 194 203 166 170 193 54 217 293 237 302 310 354
EPS in Rs 7.28 6.98 7.32 5.96 6.14 6.96 1.94 7.82 10.56 8.55 10.86 11.17 12.76
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,090 4,154 3,924 5,335 7,152 7,723 8,500 13,063 16,166 18,119 20,690 23,079
2,908 3,872 3,590 4,964 6,759 7,246 7,821 12,118 15,143 16,926 19,490 21,277
Operating Profit 182 282 334 371 393 478 679 946 1,022 1,193 1,199 1,802
OPM % 6% 7% 9% 7% 5% 6% 8% 7% 6% 7% 6% 8%
4 -15 5 8 12 22 36 40 46 74 96 112
Interest 66 70 72 81 113 107 66 44 67 113 133 125
Depreciation 22 34 51 53 64 96 103 109 138 176 201 231
Profit before tax 98 163 216 244 227 296 546 832 863 978 960 1,557
Tax % 35% 38% 30% 35% 35% 14% 25% 26% 26% 25% 21% 23%
64 101 152 158 148 256 408 619 642 732 757 1,203
EPS in Rs 2.72 4.29 6.45 6.66 6.22 9.58 14.42 24.73 23.14 26.39 27.28 43.33
Dividend Payout % 22% 23% 19% 21% 23% 0% 0% 14% 22% 21% 21% 20%
Compounded Sales Growth
10 Years: 19%
5 Years: 22%
3 Years: 13%
TTM: 12%
Compounded Profit Growth
10 Years: 26%
5 Years: 27%
3 Years: 23%
TTM: 62%
Stock Price CAGR
10 Years: 36%
5 Years: 25%
3 Years: 18%
1 Year: 6%
Return on Equity
10 Years: 23%
5 Years: 23%
3 Years: 22%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 472 544 680 814 940 1,331 1,670 2,414 2,950 3,549 4,153 5,241
482 651 594 775 858 834 520 581 873 1,144 634 498
345 442 547 568 952 1,075 1,184 1,407 1,973 2,438 2,753 3,039
Total Liabilities 1,323 1,660 1,845 2,181 2,774 3,266 3,399 4,452 5,852 7,187 7,596 8,833
614 666 670 886 1,034 1,708 1,736 1,837 2,580 3,281 3,668 4,060
CWIP 24 32 122 46 27 10 108 504 374 203 336 328
Investments 19 13 0 1 49 2 1 91 96 103 126 48
666 949 1,052 1,248 1,663 1,546 1,554 2,020 2,801 3,600 3,467 4,396
Total Assets 1,323 1,660 1,845 2,181 2,774 3,266 3,399 4,452 5,852 7,187 7,596 8,833

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
315 11 315 91 358 510 977 652 691 1,112 1,213 2,103
-191 -93 -170 -165 -264 -435 -647 -530 -876 -916 -375 -1,394
-124 81 -145 79 -53 -78 -359 26 143 27 -815 -438
Net Cash Flow -0 -0 0 5 41 -3 -28 148 -41 222 24 271
Free Cash Flow 134 -99 144 -77 132 208 697 65 -151 450 562 1,451
CFO/OP 177% 19% 113% 41% 108% 124% 162% 90% 89% 111% 117% 133%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 21 19 27 30 28 23 6 10 3 3 5 6
Inventory Days 44 61 53 47 45 44 39 28 39 38 33 27
Days Payable 28 26 44 30 40 42 40 34 42 46 46 44
Cash Conversion Cycle 36 54 36 47 33 24 4 3 0 -5 -8 -12
Working Capital Days -3 7 -3 0 -1 8 -6 0 1 10 -0 2
ROCE % 17% 24% 23% 22% 20% 20% 26% 32% 27% 25% 22% 32%

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

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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