MarketFriction

APL Apollo Tubes Ltd

NSE APLAPOLLO · BSE 533758 · Iron & Steel Products
₹2,115.70 -3.40%
NSE close2026-10-01
52 week range1,679.30 - 2,301.40
Market cap₹60,768 Cr.
P/E49.4
Nifty 200Nifty 500Nifty Midcap 50Nifty Midcap 100Midcap 150Nifty MetalNifty Commodities No price band Delivery 46.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,6304,1784,7664,9744,7745,4335,5095,1705,2065,9826,2695,607
Expenses4,3053,8984,4854,6734,6365,0875,0954,7984,7595,5115,7585,195
Operating Profit325280280302138346414372447472511411
OPM %7%7%6%6%2.9%6%8%7%9%8%8%7%
Other Income201519251522352625253640
Interest272831283637323328333239
Depreciation414747464750585458595959
Profit before tax27721922125270280359310386404457352
Tax %27%24%23%23%23%23%18%23%22%23%22%25%
Net Profit20316617019354217293237302310354263
EPS in Rs7.325.966.146.961.947.8210.568.5510.8611.1712.769.48
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,1543,9245,3357,1527,7238,50013,06316,16618,11920,69023,07923,065
Expenses3,8723,5904,9646,7597,2467,82112,11815,14316,92619,49021,27121,223
Operating Profit2823343713934786799461,0221,1931,1991,8081,841
OPM %7%9%7%5%6%8%7%6%7%6%8%8%
Other Income-155812223640467496106126
Interest707281113107664467113133125131
Depreciation3451536496103109138176201231236
Profit before tax1632162442272965468328639789601,5571,600
Tax %38%30%35%35%14%25%26%26%25%21%23%
Net Profit1011521581482564086196427327571,2031,229
EPS in Rs4.296.456.666.229.5814.4224.7323.1426.3927.2843.3344.27
Dividend Payout %23%19%21%23%0%0%14%22%21%21%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth19%22%13%10%
Compounded Profit Growth26%27%23%53%
Stock Price CAGR38%21%10%30%
Return on Equity23%23%22%25%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232324242425255055565656
Reserves4725446808149401,3311,6702,4142,9503,5494,1535,241
Borrowings4826515947758588345205818731,144634498
Other Liabilities3454425475689521,0751,1841,4071,9732,4382,7533,039
Total Liabilities1,3231,6601,8452,1812,7743,2663,3994,4525,8527,1877,5968,833
Fixed Assets6146666708861,0341,7081,7361,8372,5803,2813,6684,060
CWIP2432122462710108504374203336328
Investments1913014921919610312649
Other Assets6669491,0521,2481,6631,5461,5542,0202,8013,6003,4674,396
Total Assets1,3231,6601,8452,1812,7743,2663,3994,4525,8527,1877,5968,833
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity31511315913585109776526911,1121,2192,103
Cash from Investing Activity-191-93-170-165-264-435-647-530-876-916-380-1,387
Cash from Financing Activity-12481-14579-53-78-3592614327-815-440
Net Cash Flow-0-00541-3-28148-4122224275
Free Cash Flow134-99144-7713220869765-1514505621,453
CFO/OP177%19%113%41%108%124%162%90%89%111%117%133%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2119273028236103356
Inventory Days446153474544392839383327
Days Payable282644304042403442464644
Cash Conversion Cycle365436473324430-5-8-12
Working Capital Days-37-30-18-60110-02
ROCE %17%24%23%22%20%20%26%32%27%25%22%32%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters29.67%29.56%29.44%28.33%28.32%28.31%28.31%28.31%28.30%28.27%28.25%28.25%
FIIs28.66%29.25%30.69%31.55%31.94%31.72%31.78%33.05%33.72%33.12%37.52%35.12%
DIIs12.69%13.75%14.06%14.90%15.89%16.51%16.74%16.83%18.92%19.91%16.05%18.58%
Public28.99%27.41%25.81%25.23%23.84%23.45%23.17%21.81%19.07%18.69%18.18%18.04%
No. of Shareholders1,91,7182,05,8452,03,7201,94,1922,17,6481,94,5981,85,5241,83,4161,64,3611,59,3161,58,1281,58,947

Fundamentals

Market Cap₹ 60,768 Cr.
Current Price₹ 2,189
Stock P/E49.4
Book Value₹ 191
ROCE31.8 %
ROE25.4 %
Dividend Yield0.39 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)53%
Consolidated figures.
Valuation
Market capRs 58,744 Cr
Enterprise valueRs 58,356 Cr
P/E (TTM)47.80x
Price to book11.09x
Price to sales2.55x
EV / EBITDA29.67x
EV / EBIT33.71x
EV / sales2.53x
Price to cash flow27.93x
Earnings yield2.09%
Dividend yield0.40%
P/E, 3-year average52.43x
P/B, 3-year average10.58x
P/E, 5-year average49.27x
P/B, 5-year average10.43x
Profitability
Operating margin (excl. other income)7.83%
Operating margin (incl. other income)8.29%
EBITDA margin8.53%
Pre-tax margin6.94%
Net profit margin5.33%
Net margin, latest quarter4.69%
ROE25.31%
ROCE31.64%
ROA14.65%
ROE, 3-year average22.28%
ROCE, 3-year average26.58%
ROA, 3-year average12.04%
ROE, 5-year average24.02%
ROCE, 5-year average27.99%
ROA, 5-year average12.87%
ROIC (approx.)27.24%
Tax rate22.75%
Other income / net worth2.00%
Growth
Sales growth (latest year)11.55%
Profit growth (latest year)58.91%
Sales CAGR, 3 years12.60%
Sales CAGR, 5 years22.11%
Profit CAGR, 3 years23.30%
Profit CAGR, 5 years27.28%
Sales growth QoQ-10.57%
Profit growth QoQ-25.75%
Sales growth YoY (latest quarter)8.45%
Profit growth YoY (latest quarter)10.94%
Per share
EPS (TTM)Rs 44.26
EPS (latest year)Rs 43.33
EPS (latest quarter)Rs 9.48
EPS, 3-year averageRs 32.33
EPS, 5-year averageRs 28.98
Book value per shareRs 190.76
Sales per shareRs 830.68
Cash flow per shareRs 75.75
Free cash flow per shareRs 52.33
Dividend per share (latest year)Rs 8.50
Dividend per share, 3-year averageRs 6.58
Dividend per share, 5-year averageRs 5.65
Dividends
Dividend payout19.62%
Dividend payout, 3-year average20.51%
Dividend payout, 5-year average19.46%
Efficiency
Asset turnover2.61x
Fixed asset turnover5.68x
Inventory turnover13.85x
Inventory days26 days
Debtor days6 days
Debtors turnover65.81x
Creditor days44 days
Cash conversion cycle-12 days
Working capital days2 days
Leverage
Total debtRs 498 Cr
Cash and bankRs 886 Cr
Net debtRs -389 Cr
Debt to equity0.09x
Net debt / EBITDA-0.20x
Interest coverage13.21x
Current ratio (filing 2026-03-31)1.34x
Quick ratio (filing 2026-03-31)0.84x
Trade payables (filing 2026-03-31)Rs 2,368 Cr
Owners' fund to total sources59.96%
Debt to assets5.63%
Cash flow
Cash from Operating Activity (latest year)Rs 2,103 Cr
Cash from Investing Activity (latest year)Rs -1,387 Cr
Cash from Financing Activity (latest year)Rs -440 Cr
Net Cash Flow (latest year)Rs 275 Cr
Free cash flow (latest year)Rs 1,453 Cr
FCFE (approx.: FCF + change in debt)Rs 1,316 Cr
Cash from ops / profit, 5 years1.46x
Sales to cash flow10.97x
Statement figures
Net sales (TTM)Rs 23,065 Cr
Net sales (latest year)Rs 23,079 Cr
Sales (latest quarter)Rs 5,607 Cr
Operating profit excl. other income (latest year)Rs 1,808 Cr
Operating profit (latest quarter)Rs 411 Cr
Other income (TTM)Rs 126 Cr
EBITDA (TTM)Rs 1,967 Cr
PBDT (TTM)Rs 1,836 Cr
Profit before tax (TTM)Rs 1,600 Cr
Tax (latest year)Rs 354 Cr
Net profit (TTM)Rs 1,229 Cr
Net profit (latest year)Rs 1,203 Cr
Net profit (latest quarter)Rs 263 Cr
Depreciation (TTM)Rs 236 Cr
Depreciation (latest quarter)Rs 59 Cr
Interest (TTM)Rs 131 Cr
Cost of goods sold (latest year)Rs 20,020 Cr
Total expenditure (latest year)Rs 21,271 Cr
Total income (latest year)Rs 23,185 Cr
Share capitalRs 56 Cr
ReservesRs 5,241 Cr
Shareholders' fundsRs 5,297 Cr
Total assetsRs 8,833 Cr
Net blockRs 4,060 Cr
Capital work in progressRs 328 Cr
InvestmentsRs 49 Cr
ReceivablesRs 351 Cr
InventoryRs 1,445 Cr
Other liabilitiesRs 3,039 Cr
Shares outstanding (crore)27.77
Ownership
Promoter holding28.25% (-0.06 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 47.8 is at the 46th percentile of its own 9.4-year range (median 50.2, low 18.1, high 81.7).
P/B 11.09 is at the 47th percentile (median 11.34).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAPLAPOLLONifty 50Difference
1 week-3.2%-2.8% -0.4 pts
1 month-5.3%-6.8% +1.5 pts
3 months+18.3%-7.6% +25.9 pts
6 months+9.2%+0.4% +8.8 pts
1 year+25.3%-9.9% +35.2 pts
2 years+48.4%-13.6% +61.9 pts
3 years+30.2%+14.2% +16.0 pts
5 years+149.2%+27.9% +121.4 pts
183 mutual fund schemes hold about ₹10,503 Cr. Over three months 50 bought more and 31 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Large & Mid Cap Fund2.05%688 +88%
Nippon India Growth Mid Cap Fund1.23%645 -1%
Kotak Arbitrage Fund(M0.63%477 +157%
DSP Midcap Fund2.20%463 +20%
Aditya Birla SL Flexi Cap Fund1.49%434 -1%
Franklin India Opportunities Fund3.80%370 -1%
ICICI Pru Mid Cap Fund3.80%320 -2%
UTI Mid Cap Fund2.43%311 +2%
ICICI Pru Mid Cap Fund3.80%302 -2%
ICICI Pru Multi Cap Fund1.53%299 -2%
Edelweiss Mid Cap Fund1.48%294 -6%
ICICI Pru Multi Cap Fund1.53%288 -2%
ICICI Pru Arbitrage Fund0.82%286 +31%
DSP Large & Mid Cap Fund1.52%279 +2%
Franklin India Mid Cap Fund2.04%267 +1%
Canara Rob Large and Mid Cap Fund0.80%209 -29%
Franklin India Focused Equity Fund1.75%202 +4%
Aditya Birla SL Midcap Fund2.88%200 -0%
Aditya Birla SL Midcap Fund2.88%193 -0%
Mahindra Manulife Multi Cap Fund2.51%192 -11%
Aditya Birla SL Arbitrage Fund0.70%192 +22%
DSP Flexi Cap Fund1.39%174 +3%
Aditya Birla SL Large & Mid Cap Fund2.84%170 +1%
Sundaram Mid Cap Fund0.90%133 -1%
Sundaram Mid Cap Fund0.90%130 -1%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-06-30Arun Agarwal-sell1,000Rs 0.16 CrMarket Sale
2021-06-30Shiv Kumar Bansal-sell1,000Rs 0.16 CrMarket Sale
2021-06-30Romi Sehgal-sell3,000Rs 0.49 CrMarket Sale
2021-06-24Romi SehgalDirectorsell1,000Rs 0.16 CrMarket Sale
2021-06-22Arun AgarwalEmployees/Designated Employesell3,000Rs 0.48 CrMarket Sale
2021-06-21Romi SehgalDirectorsell1,000Rs 0.16 CrMarket Sale
2021-06-17Arun AgarwalEmployees/Designated Employesell5,500Rs 0.86 CrMarket Sale
2021-06-17Romi SehgalDirectorsell2,000Rs 0.31 CrMarket Sale
2021-06-17Shiv Kumar BansalEmployees/Designated Employesell1,500Rs 0.23 CrMarket Sale
2021-06-17Amit KapoorEmployees/Designated Employesell1,250Rs 0.19 CrMarket Sale
2021-06-15Shiv Kumar Bansal-sell1,000Rs 0.15 CrMarket Sale
2021-06-15Deepak SinghEmployees/Designated Employesell800Rs 0.12 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹5,607 Cr +8.5% vs Jun 2025. Net profit ₹263 Cr +11.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-08Dividend - Rs 8.50 Per Share
2025-08-22Dividend - Rs 5.75 Per Share
2024-09-19Dividend - Rs 5.50 Per Share
2023-09-01Dividend - Rs 5 Per Share
2022-09-02Dividend - Rs 3.50 Per Share
2021-09-16 Bonus 1:10.5000
2021-07-15 Annual General Meeting
2020-12-15 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2020-09-21 Annual General Meeting
2019-09-19 Dividend - Rs 14 Per Share
2018-09-19 Annual General Meeting/Dividend Rs 14 Per Share
2017-09-21 Annual General Meeting/ Dividend- Rs 12 Per Share
2016-09-08 Annual General Meeting/Dividend - Rs 10/- Per Share
2015-08-13 Annual General Meeting/Dividend - Rs 6/- Per Share
2014-09-17Annual General Meeting And Dividend Rs.5/- Per Share
2013-08-07Annual General Meeting / Dividend - Rs 5/- Per Share
2012-09-20Annual General Meeting/Dividend Rs 2 Per Share
DateTypeWhat it says
2026-10-01Press ReleaseA press release dated October 01, 2026, titled " Q2FY27 Performance . ".
2026-09-16Shareholder meetingAPL Apollo Tubes Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 15, 2026.
2026-09-15Shareholder meetingProceedings of Annual General Meeting held on September 15, 2026
2026-09-10General UpdatesGeneral Updates
2026-08-22General UpdatesAPL Apollo Tubes Limited has received various order of revised demand from Deputy Commissioner (Appeals), Hosur under Section 74 of the CGST Act, 2017...
2026-08-22General UpdatesAPL Apollo Tubes Limited has received order of revised demand from Deputy Commissioner (Appeals), Hosur under Section 73 of the TNGST Act. 2017 for FY...
2026-08-21Shareholder meetingNotice of Annual General Meeting to be held on September 15, 2026
2026-08-19General UpdatesThe date of Annual General Meeting
2026-08-19Record DateRecord date for the purpose of Dividend is 08-Sep-2026.
2026-08-05Concall / analyst meetTranscript
2026-08-03Concall / analyst meetLink of Recording
2026-08-01Press ReleaseA press release dated August 01, 2026, titled "Q1FY27 Financial Performance".
2026-08-01Investor PresentationInvestor Presentation
2026-08-01General UpdatesGeneral Updates
2026-08-01Board meeting outcomeAPL Apollo Tubes Limited has submitted to the Exchange, the financial results for the period ended June 30, 2026.
2026-07-24Concall / analyst meetSchedule of meet
2026-07-01Press ReleaseA press release dated July 01, 2026, titled "Q1FY27 Sales Volume".
2026-06-27Diversification/DisinvestmenDisinvestment
2026-06-27Board meeting outcomeOutcome of Board Meeting held on Jun 27, 2026.
2026-06-08ResignationResignation of Director/KMP/SMP
2026-06-08ResignationResignation of Mr. Pankaj Sharma, Chief Human Resources Officer of the company w.e.f. closure of business hours of June 17, 2026.
2026-05-06Concall / analyst meetTranscript
2026-05-06Disclosure under SEBI TakeovS Gupta Holding Private Limited (Formerly known as APL Infrastructure Private Limited) has Submitted to the Exchange a copy of Disclosure under Regula...
2026-05-04Concall / analyst meetLink of Recording
2026-05-02Investor PresentationInvestor Presentation
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.60
Max pain (expiry 2026-10-27)2,200
Largest call open interest at2,200
Largest put open interest at2,200
Implied volatility, at the money28.3%
Underlying at snapshot2,115.70
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-291,750
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-02-28NCLATAPL Apollo Tubes Ltd. VS Tanisha Scaffolding (India) Pvt. Ltd.
2020-01-29NCLATAPL Apollo Tubes Ltd. VS Tanisha Scaffolding (India) Pvt. Ltd.
2020-01-06NCLATAPL Apollo Tubes Ltd. VS Tanisha Scaffolding (India) Pvt. Ltd.
2019-12-12NCLATAPL Apollo Tubes Ltd. VS Tanisha Scaffolding (India) Pvt. Ltd.
2019-11-18NCLATAPL Apollo Tubes Ltd. VS Tanisha Scaffolding (India) Pvt. Ltd.
2018-07-10NCLATSandeep Anand Director G.S. Express Pvt. Ltd. VS APL Apollo Tubes Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of APL Apollo Tubes Ltd?

APL Apollo Tubes Ltd (APLAPOLLO) has a market capitalisation of Rs 60,768 Cr. at the 2026-10-01 close.

What is the P/E ratio of APL Apollo Tubes Ltd?

APL Apollo Tubes Ltd trades at a P/E of 49.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were APL Apollo Tubes Ltd's latest quarterly results?

In the Jun 2026 quarter, APL Apollo Tubes Ltd sales was Rs 5,607 Cr (+8.5% vs Jun 2025) and net profit was Rs 263 Cr.

What is the 52-week high and low of APL Apollo Tubes Ltd?

The 52-week high is Rs 2,301.40 and the 52-week low is Rs 1,679.30.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03