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Companies›Industrials›Capital Goods›Industrial Products
NSE:APLAPOLLO

APL APOLLO TUBES LTD

Capital Goods › Industrial Products·NIFTY 200NIFTY 500NIFTY INDIA FPI 150NIFTY LARGEMIDCAP 250+9
₹2,169.60
at close · 28 Oct 2026
▼ 44.30 (-2.00%)

Latest filings

  1. Q2 and H1 FY27 results show strong year-on-year growth · Compliance
  2. Audio recording of Q2 FY27 earnings call shared · Investor Communications
  3. Q2 FY27 net profit rises 27% as sales and margins improve · Investor Communications
All filings ↓
Ask Nexa about APL APOLLO TUBES LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures structural steel tubes, with FY26 consolidated revenue of ₹23,079 crore and an EBITDA margin of 8.29%. The product range spans the APL Apollo Brand, SG Premium Brand, Roofing Products and UAE Operations, with branded premium lines growing share. Per-ton EBITDA moved into the ₹5,000-5,500 range, driven by product mix and brand-led pricing rather than inventory gains. Raw materials — primarily steel — make up 76.8% of revenue, making the business sensitive to input prices. Housing and construction are the largest demand drivers, with government infrastructure spending flagged to lift volumes in 2H FY27. The company is expanding capacity toward 8 million tons by FY28, with ₹1,400-1,500 crore of capex still pending and funded from internal cash flows.

Operating scale
Q1 FY27 sales volume
744,823 tonsQ1 FY27
EBITDA per ton
₹5,522Q1 FY27
Structural tubes market share
65%FY26
ROCE
37%FY26
Net cash position
₹14.1 billionQ1 FY27
APL Apollo Brand volume
568,691 tonsQ1 FY27
Who pays it
Housing and construction contractors; government infrastructure projects
Biggest cost
Steel and raw materials at 76.8% of revenue
Kind of business
Asset-heavy, cyclical steel tube manufacturing with brand-led pricing
Where it sits
65% share of India's structural steel tubes market in FY26, up from 55% in FY25
Market Cap
₹60,250 Cr
P / E (TTM)
49.0×
EV / EBITDA
30.5×
Div Yield
0.26%
Growth
22.1%▲
Revenue 5y CAGR
PAT +24.2% · EBITDA +21.8%
Quality
25.3%▲
ROCE (5y median)
ROE 21.4% (5y median) · margin 8.3%
Leverage
0.09·
Debt / Equity · low
Net cash ₹192 Cr
Revenue FY21→FY26
2.7×▲
Margin +0.4 pts
₹8,500 Cr → ₹23,079 Cr
Cash conversion
1.46×▲
Operating cash ÷ profit · 5 yrs
₹5,770 Cr on ₹3,953 Cr
Moves on a normal day
0.91%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#90/105
P/B#97/101
ROCE#7/115
ROE#7/103
Debt / Equity#40/101
EBITDA margin#61/100
Revenue growth#58/97
Profit growth#65/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 22% a year over 5 years
Profit compounding 24% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 25.3% (5-year median)
#7 of 115 in Iron & Steel Products on the latest reported figures
Debt at 0.09× equity
lower than 61% of its 101 Iron & Steel Products peers
Over 5 years it reported ₹3,953 Cr of profit and ₹5,770 Cr of operating cash — 1.46×
Profit is converting into cash
Negative working-capital cycle — the business is funded by its suppliers
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

APLAPOLLO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from APL APOLLO TUBES LTD's filed financials and exchange disclosures

What does APL APOLLO TUBES LTD do?

APL APOLLO TUBES LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol APLAPOLLO.

Is APL APOLLO TUBES LTD profitable?

Yes. Over the trailing twelve months APL APOLLO TUBES LTD reported a net profit of ₹1,229 Cr on revenue of ₹22,897 Cr.

Does APL APOLLO TUBES LTD pay a dividend?

Yes. The dividend yield is 0.26% at the current price. It paid out 13% of its profit as dividend in FY26.

Is APL APOLLO TUBES LTD debt-free?

On a net basis, yes. It reported borrowings of ₹452 Cr on its 31 Mar 2026 balance sheet, but holds ₹192 Cr more cash than debt.

Is APL APOLLO TUBES LTD expensive compared with its peers?

On trailing P/E, APL APOLLO TUBES LTD ranks 90 of 105 in Iron & Steel Products — cheaper than 14% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the APL APOLLO TUBES LTD share price move in a day?

On a typical session APL APOLLO TUBES LTD moves 0.91% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track APL APOLLO TUBES LTD's announcements?

Every NSE and BSE filing by APL APOLLO TUBES LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.