APL Apollo Tubes Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 25.3%)
- ✓Efficient capital deployment (ROCE 31.6%)
- ✓Attractively valued vs sector (P/E 40.8x vs industry 53.3x)
- ✓Virtually debt-free
Concerns
- ✗High premium to book value (P/B 9.6x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BEL Bharat Electronics Limited | ₹408 | ₹3.0L Cr | 49.2 | 12.44 | 27.6 | 36.5 | 0 |
| HAL Hindustan Aeronautics Limited | ₹4,216 | ₹2.9L Cr | 31.4 | 6.87 | 24 | 32 | 0 |
| CUMMINSIND Cummins India Limited | ₹5,776 | ₹1.6L Cr | 65.3 | 18.88 | 30.2 | 39.5 | 0 |
| ABB ABB India Limited | ₹7,160 | ₹1.5L Cr | 99.4 | 19.35 | 22.4 | 29.9 | 0.01 |
| POLYCAB Polycab India Limited | ₹9,670 | ₹1.4L Cr | 53.7 | 12.12 | 24.5 | 34.3 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹387 | ₹1.4L Cr | 89.4 | 5.15 | 6.29 | 8.51 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹938 | ₹1.4L Cr | 116 | 18.54 | 20.8 | 27 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
APLAPOLLO · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 29.56% | 29.44% | 28.33% | 28.32% | 28.31% | 28.31% |
| FII | 29.25% | 30.69% | 31.55% | 31.94% | 31.72% | 31.78% |
| DII | 13.75% | 14.06% | 14.90% | 15.89% | 16.51% | 16.74% |
| Public | 27.41% | 25.81% | 25.23% | 23.84% | 23.45% | 23.17% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 5.75 Per Share
Dividend - Rs 5.50 Per Share
Dividend - Rs 5 Per Share
Record: 1 Sept 2023
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹6.0K Cr ▲14.9% | ₹5.2K Cr ▲0.7% | ₹5.2K Cr ▼6.2% | ₹5.5K Cr ▲1.4% | ₹5.4K Cr ▲13.8% | ₹4.8K Cr ▼4.0% | ₹5.0K Cr ▲4.4% | ₹4.8K Cr |
| Op. Profit | ₹472 Cr ▲5.6% | ₹447 Cr ▲20.2% | ₹372 Cr ▼10.1% | ₹414 Cr ▲19.7% | ₹346 Cr ▲150.7% | ₹138 Cr ▼54.3% | ₹302 Cr ▲7.9% | ₹280 Cr |
| OPM | 8.0% ▼11.1% | 9.0% ▲28.6% | 7.0% ▼12.5% | 8.0% ▲33.3% | 6.0% ▲100.0% | 3.0% ▼50.0% | 6.0% ▲0.0% | 6.0% |
| Net Profit | ₹310 Cr ▲2.6% | ₹302 Cr ▲27.4% | ₹237 Cr ▼19.1% | ₹293 Cr ▲35.0% | ₹217 Cr ▲301.9% | ₹54 Cr ▼72.0% | ₹193 Cr ▲13.5% | ₹170 Cr |
| EPS (₹) | 11.17 ▲2.9% | 10.86 ▲27.0% | 8.55 ▼19.0% | 10.56 ▲35.0% | 7.82 ▲303.1% | 1.94 ▼72.1% | 6.96 ▲13.4% | 6.14 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹23.1K Cr ▲11.5% | ₹20.7K Cr ▲14.2% | ₹18.1K Cr ▲12.1% | ₹16.2K Cr ▲23.8% | ₹13.1K Cr ▲53.7% | ₹8.5K Cr ▲10.1% | ₹7.7K Cr ▲8.0% | ₹7.2K Cr ▲34.1% | ₹5.3K Cr ▲36.0% | ₹3.9K Cr |
| Expenses | ₹21.3K Cr ▲9.2% | ₹19.5K Cr ▲15.1% | ₹16.9K Cr ▲11.8% | ₹15.1K Cr ▲25.0% | ₹12.1K Cr ▲54.9% | ₹7.8K Cr ▲7.9% | ₹7.2K Cr ▲7.2% | ₹6.8K Cr ▲36.2% | ₹5.0K Cr ▲38.3% | ₹3.6K Cr |
| Op. Profit | ₹1.8K Cr ▲50.3% | ₹1.2K Cr ▲0.5% | ₹1.2K Cr ▲16.7% | ₹1.0K Cr ▲8.0% | ₹946 Cr ▲39.3% | ₹679 Cr ▲42.1% | ₹478 Cr ▲21.6% | ₹393 Cr ▲5.9% | ₹371 Cr ▲11.1% | ₹334 Cr |
| OPM | 8.0% ▲33.3% | 6.0% ▼14.3% | 7.0% ▲16.7% | 6.0% ▼14.3% | 7.0% ▼12.5% | 8.0% ▲33.3% | 6.0% ▲20.0% | 5.0% ▼28.6% | 7.0% ▼22.2% | 9.0% |
| Other Income | ₹112 Cr ▲16.7% | ₹96 Cr ▲29.7% | ₹74 Cr ▲60.9% | ₹46 Cr ▲15.0% | ₹40 Cr ▲11.1% | ₹36 Cr ▲63.6% | ₹22 Cr ▲83.3% | ₹12 Cr ▲50.0% | ₹8 Cr ▲60.0% | ₹5 Cr |
| Interest | ₹125 Cr ▼6.0% | ₹133 Cr ▲17.7% | ₹113 Cr ▲68.7% | ₹67 Cr ▲52.3% | ₹44 Cr ▼33.3% | ₹66 Cr ▼38.3% | ₹107 Cr ▼5.3% | ₹113 Cr ▲39.5% | ₹81 Cr ▲12.5% | ₹72 Cr |
| Depreciation | ₹231 Cr ▲14.9% | ₹201 Cr ▲14.2% | ₹176 Cr ▲27.5% | ₹138 Cr ▲26.6% | ₹109 Cr ▲5.8% | ₹103 Cr ▲7.3% | ₹96 Cr ▲50.0% | ₹64 Cr ▲20.8% | ₹53 Cr ▲3.9% | ₹51 Cr |
| PBT | ₹1.6K Cr ▲62.2% | ₹960 Cr ▼1.8% | ₹978 Cr ▲13.3% | ₹863 Cr ▲3.7% | ₹832 Cr ▲52.4% | ₹546 Cr ▲84.5% | ₹296 Cr ▲30.4% | ₹227 Cr ▼7.0% | ₹244 Cr ▲13.0% | ₹216 Cr |
| Tax % | 23.0% ▲9.5% | 21.0% ▼16.0% | 25.0% ▼3.8% | 26.0% ▲0.0% | 26.0% ▲4.0% | 25.0% ▲78.6% | 14.0% ▼60.0% | 35.0% ▲0.0% | 35.0% ▲16.7% | 30.0% |
| Net Profit | ₹1.2K Cr ▲58.9% | ₹757 Cr ▲3.4% | ₹732 Cr ▲14.0% | ₹642 Cr ▲3.7% | ₹619 Cr ▲51.7% | ₹408 Cr ▲59.4% | ₹256 Cr ▲73.0% | ₹148 Cr ▼6.3% | ₹158 Cr ▲3.9% | ₹152 Cr |
| EPS (₹) | 43.33 ▲58.8% | 27.28 ▲3.4% | 26.39 ▲14.0% | 23.14 ▼6.4% | 24.73 ▲71.5% | 14.42 ▲50.5% | 9.58 ▲54.0% | 6.22 ▼6.6% | 6.66 ▲3.3% | 6.45 |
| Div Payout | 20.0% ▼4.8% | 21.0% ▲0.0% | 21.0% ▼4.5% | 22.0% ▲57.1% | 14.0% | 0.0% | 0.0% ▼100.0% | 23.0% ▲9.5% | 21.0% ▲10.5% | 19.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹56 Cr ▲0.0% | ₹56 Cr ▲0.0% | ₹56 Cr ▲1.8% | ₹55 Cr ▲10.0% | ₹50 Cr ▲100.0% | ₹25 Cr ▲0.0% | ₹25 Cr ▲4.2% | ₹24 Cr ▲0.0% | ₹24 Cr ▲0.0% | ₹24 Cr |
| Reserves | ₹4.5K Cr ▲9.6% | ₹4.2K Cr ▲17.0% | ₹3.5K Cr ▲20.3% | ₹3.0K Cr ▲22.2% | ₹2.4K Cr ▲44.6% | ₹1.7K Cr ▲25.5% | ₹1.3K Cr ▲41.6% | ₹940 Cr ▲15.5% | ₹814 Cr ▲19.7% | ₹680 Cr |
| Borrowings | ₹715 Cr ▲12.8% | ₹634 Cr ▼44.6% | ₹1.1K Cr ▲31.0% | ₹873 Cr ▲50.3% | ₹581 Cr ▲11.7% | ₹520 Cr ▼37.6% | ₹834 Cr ▼2.8% | ₹858 Cr ▲10.7% | ₹775 Cr ▲30.5% | ₹594 Cr |
| Other Liabilities | ₹3.0K Cr ▲8.5% | ₹2.8K Cr ▲12.9% | ₹2.4K Cr ▲23.6% | ₹2.0K Cr ▲40.2% | ₹1.4K Cr ▲18.8% | ₹1.2K Cr ▲10.1% | ₹1.1K Cr ▲12.9% | ₹952 Cr ▲67.6% | ₹568 Cr ▲3.8% | ₹547 Cr |
| Total Liabilities | ₹8.3K Cr ▲9.4% | ₹7.6K Cr ▲5.7% | ₹7.2K Cr ▲22.8% | ₹5.9K Cr ▲31.4% | ₹4.5K Cr ▲31.0% | ₹3.4K Cr ▲4.1% | ₹3.3K Cr ▲17.7% | ₹2.8K Cr ▲27.2% | ₹2.2K Cr ▲18.2% | ₹1.8K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹3.8K Cr ▲2.9% | ₹3.7K Cr ▲11.8% | ₹3.3K Cr ▲27.2% | ₹2.6K Cr ▲40.4% | ₹1.8K Cr ▲5.8% | ₹1.7K Cr ▲1.6% | ₹1.7K Cr ▲65.2% | ₹1.0K Cr ▲16.7% | ₹886 Cr ▲32.2% | ₹670 Cr |
| CWIP | ₹312 Cr ▼7.1% | ₹336 Cr ▲65.5% | ₹203 Cr ▼45.7% | ₹374 Cr ▼25.8% | ₹504 Cr ▲366.7% | ₹108 Cr ▲980.0% | ₹10 Cr ▼63.0% | ₹27 Cr ▼41.3% | ₹46 Cr ▼62.3% | ₹122 Cr |
| Investments | ₹45 Cr ▼64.3% | ₹126 Cr ▲22.3% | ₹103 Cr ▲7.3% | ₹96 Cr ▲5.5% | ₹91 Cr ▲9000.0% | ₹1 Cr ▼50.0% | ₹2 Cr ▼95.9% | ₹49 Cr ▲4800.0% | ₹1 Cr | ₹0 Cr |
| Other Assets | ₹4.2K Cr ▲20.5% | ₹3.5K Cr ▼3.7% | ₹3.6K Cr ▲28.5% | ₹2.8K Cr ▲38.7% | ₹2.0K Cr ▲30.0% | ₹1.6K Cr ▲0.5% | ₹1.5K Cr ▼7.0% | ₹1.7K Cr ▲33.3% | ₹1.2K Cr ▲18.6% | ₹1.1K Cr |
| Total Assets | ₹8.3K Cr ▲9.4% | ₹7.6K Cr ▲5.7% | ₹7.2K Cr ▲22.8% | ₹5.9K Cr ▲31.4% | ₹4.5K Cr ▲31.0% | ₹3.4K Cr ▲4.1% | ₹3.3K Cr ▲17.7% | ₹2.8K Cr ▲27.2% | ₹2.2K Cr ▲18.2% | ₹1.8K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.2K Cr ▲9.1% | ₹1.1K Cr ▲60.9% | ₹691 Cr ▲6.0% | ₹652 Cr ▼33.3% | ₹977 Cr ▲91.6% | ₹510 Cr ▲42.5% | ₹358 Cr ▲293.4% | ₹91 Cr ▼71.1% | ₹315 Cr ▲2763.6% | ₹11 Cr |
| Investing CF | ₹-375 Cr ▲59.1% | ₹-916 Cr ▼4.6% | ₹-876 Cr ▼65.3% | ₹-530 Cr ▲18.1% | ₹-647 Cr ▼48.7% | ₹-435 Cr ▼64.8% | ₹-264 Cr ▼60.0% | ₹-165 Cr ▲2.9% | ₹-170 Cr ▼82.8% | ₹-93 Cr |
| Financing CF | ₹-815 Cr ▼3118.5% | ₹27 Cr ▼81.1% | ₹143 Cr ▲450.0% | ₹26 Cr ▲107.2% | ₹-359 Cr ▼360.3% | ₹-78 Cr ▼47.2% | ₹-53 Cr ▼167.1% | ₹79 Cr ▲154.5% | ₹-145 Cr ▼279.0% | ₹81 Cr |
| Net Cash Flow | ₹24 Cr ▼89.2% | ₹222 Cr ▲641.5% | ₹-41 Cr ▼127.7% | ₹148 Cr ▲628.6% | ₹-28 Cr ▼833.3% | ₹-3 Cr ▼107.3% | ₹41 Cr ▲720.0% | ₹5 Cr | ₹0 Cr | ₹0 Cr |
| Free Cash Flow | ₹562 Cr ▲24.9% | ₹450 Cr ▲398.0% | ₹-151 Cr ▼332.3% | ₹65 Cr ▼90.7% | ₹697 Cr ▲235.1% | ₹208 Cr ▲57.6% | ₹132 Cr ▲271.4% | ₹-77 Cr ▼153.5% | ₹144 Cr ▲245.5% | ₹-99 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5d ▲66.7% | 3d ▲0.0% | 3d ▼70.0% | 10d ▲66.7% | 6d ▼73.9% | 23d ▼17.9% | 28d ▼6.7% | 30d ▲11.1% | 27d ▲42.1% | 19d |
| Inventory Days | 33d ▼13.2% | 38d ▼2.6% | 39d ▲39.3% | 28d ▼28.2% | 39d ▼11.4% | 44d ▼2.2% | 45d ▼4.3% | 47d ▼11.3% | 53d ▼13.1% | 61d |
| Days Payable | 46d ▲0.0% | 46d ▲9.5% | 42d ▲23.5% | 34d ▼15.0% | 40d ▼4.8% | 42d ▲5.0% | 40d ▲33.3% | 30d ▼31.8% | 44d ▲69.2% | 26d |
| Cash Conv. Cycle | -8d ▼60.0% | -5d | 0d ▼100.0% | 3d ▼25.0% | 4d ▼83.3% | 24d ▼27.3% | 33d ▼29.8% | 47d ▲30.6% | 36d ▼33.3% | 54d |
| Working Capital Days | 0d ▼100.0% | 10d ▲900.0% | 1d | 0d ▲100.0% | -6d ▼175.0% | 8d ▲900.0% | -1d | 0d ▲100.0% | -3d ▼142.9% | 7d |
| ROCE | 22.0% ▼12.0% | 25.0% ▼7.4% | 27.0% ▼15.6% | 32.0% ▲23.1% | 26.0% ▲30.0% | 20.0% ▲0.0% | 20.0% ▼9.1% | 22.0% ▼4.3% | 23.0% ▼4.2% | 24.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About APL Apollo Tubes Limited
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]
Capital Goods · Industrial Products