Apl Apollo Tubes Limited (APLAPOLLO)

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Apl Apollo Tubes Limited (APLAPOLLO) · mywealthgrid

About

Apl Apollo makes iron-steel industrial products. Consolidated quarterly revenue ₹5,606.71 Cr, ROE 25.31% reflect meaningful scale and capital efficiency. PE 47.07 indicates high valuation relative to current earnings.

Face value: ₹2

Market cap

₹58,753 Cr

P/E

47.8×

P/B

11.1×

Dividend yield

0.4%

ROE

25.3%

ROCE

30.8%

Debt / equity

0.09

OPM

7.8%

EPS (TTM)

₹44.3

Book value

₹190.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

High PE 47.07, 30.6% one-year return signal high earnings expectations. Verify if current profitability sustains this multiple in thin-margin, cyclical sectors.

OPM 5.42–8.59%: thin buffer. Raw-material cost swings compress profits sharply. Verify hedging and pricing power vs. commodity cycles.

Consolidated revenue ₹5,606.71 Cr vs. standalone ₹3,801.88 Cr (50% gap). Verify control, profitability, stability of consolidated entities.

Generated analysis · source review pending

Growth drivers

Consolidated revenue ₹5,606.71 Cr via subsidiaries. Verify if subsidiaries grow faster than standalone and inorganic expansion continues.

Consolidated net profit ₹354.35 Cr (Mar 2026) vs. ₹310.04 Cr (Dec 2025). Verify if seasonal cycle predictable and exploitable.

ROE 25.31%, D/E 0.09 support reinvestment, M&A. Verify capex, acquisition, shareholder-return plans.

OPM range 5.42–8.59%. Modest volume or pricing discipline lifts profit sharply. Verify pricing power and volume-growth visibility.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹2,115.7-3.3%1Y

Quick read

rule-based

Pros

+Strong return on equity of 22.3% (3-yr avg)
+High return on capital employed of 26.5%
+Profit CAGR of 27.3% over the last 5 years
+Revenue CAGR of 22.1% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 13.4×

Cons

−Thin operating margin of 7.8%
−Trading at 11.1× book value

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 72
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 50 NIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,472	5,472	7,152	7,723	8,500	13,063	16,166	18,119	20,690	23,079
COGS	4,548	4,548	6,308	6,579	7,165	11,223	14,018	15,617	17,870	19,509
Gross profit	924	924	845	1,145	1,335	1,840	2,148	2,502	2,819	3,570
	548	548	452	667	656	895	1,127	1,309	1,620	1,768
	376	376	393	477	679	945	1,022	1,192	1,199	1,802
OPM %	6.9%	6.9%	5.5%	6.2%	8%	7.2%	6.3%	6.6%	5.8%	7.8%
Depreciation	53	53	64	96	103	109	138	176	201	231
Interest	86	86	113	107	66	44	67	113	133	125
	8	8	12	22	36	41	47	75	96	112
Profit before tax	244	244	227	296	546	832	863	978	960	1,557
Tax	84	84	79	40	138	213	221	245	203	354
Tax %	34.5%	34.5%	34.7%	13.6%	25.3%	25.6%	25.7%	25.1%	21.2%	22.8%
	160	160	148	256	408	619	642	732	757	1,203
PAT margin %	2.9%	2.9%	2.1%	3.3%	4.8%	4.7%	4%	4%	3.7%	5.2%
EPS (₹)	67.9	67.9	62.5	97.2	28.9	22.3	23.2	26.4	27.3	43.3
EPS adjusted (₹)	6.8	6.7	6.2	9.6	14.4	22.3	23.1	26.4	27.3	43.3
	17.7%	20.6%	22.4%	0%	0%	15.7%	21.6%	20.8%	21.1%	19.6%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	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	25	25	50	55	56	56	56
Reserves	544	546	814	940	1,331	1,670	2,414	2,950	3,549	4,153	5,241
Minority interest	—	—	—	—	95	138	—	—	—	—	—
	599	598	673	710	727	520	581	873	1,125	615	452
	494	460	670	1,100	1,087	1,046	1,408	1,973	2,458	2,773	3,084
Total equity & liabilities	1,660	1,627	2,181	2,774	3,266	3,399	4,452	5,852	7,187	7,596	8,833
	623	625	875	1,034	1,611	1,641	1,743	2,488	3,171	3,510	3,879
CWIP	32	32	46	27	10	108	504	374	203	336	328
Investments	13	—	—	—	—	1	91	233	103	126	49
	992	970	1,260	1,713	1,645	1,649	2,115	2,756	3,711	3,625	4,577
Total assets	1,660	1,627	2,181	2,774	3,266	3,399	4,452	5,852	7,187	7,596	8,833

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	11.8%	14.8%	15.7%	14.1%	13.3%	13.8%	13.6%	15.5%
EBITDA margin %	5.5%	6.2%	8%	7.2%	6.3%	6.6%	5.8%	7.8%
EBIT margin %	4.6%	4.9%	6.8%	6.4%	5.5%	5.6%	4.8%	6.8%
PAT margin %	2.1%	3.3%	4.8%	4.7%	4%	4%	3.7%	5.2%
Working capital
Receivable days	28	23	6	10	0	3	5	6
Inventory days	45	44	39	28	39	38	33	27
Payable days	—	—	40	34	42	46	46	44
NWC days	—	—	4	3	-3	-5	-8	-12
Leverage
Current ratio	1.02	1.18	1.19	1.28	1.16	1.34	1.21	1.34
Debt to EBITDA	1.81	1.52	0.77	0.61	0.85	0.94	0.51	0.25
Debt to equity	0.74	0.54	0.31	0.24	0.29	0.31	0.15	0.09
Interest coverage	3	3.8	9.3	19.7	13.9	9.6	8.2	13.4
Asset turnover	2.58	2.36	2.5	2.93	2.76	2.52	2.72	2.61
Return ratios
Return on assets %	5.3%	7.8%	12%	13.9%	11%	10.2%	10%	13.6%
Return on capital employed %	28.7%	24%	28.7%	33.4%	27.8%	26.1%	22.7%	30.8%
Return on equity %	15.4%	18.9%	24.1%	25.1%	21.4%	20.3%	18%	22.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	29.67%	29.57%	29.44%	28.33%	28.32%	28.31%	28.31%	28.31%	28.3%	28.27%	28.25%	28.25%
	28.66%	29.25%	30.69%	31.55%	31.94%	31.72%	31.78%	33.05%	33.72%	33.12%	37.51%	35.11%
	12.69%	13.76%	14.06%	14.9%	15.9%	16.5%	16.74%	16.83%	18.91%	19.91%	16.05%	18.59%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	28.98%	27.42%	25.81%	25.22%	23.84%	23.47%	23.17%	21.81%	19.07%	18.7%	18.19%	18.05%
No. of shareholders	—	—	—	—	—	—	—	—	1,64,361	1,59,316	1,58,128	1,58,947

Promoter holding down 1.42 percentage points since Sep 2023.

45 deals · 5 Oct 2021 – 14 Jul 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
14 Jul 2025	THE MTBJ LTD. AS TRST FOR GOVERNMENT PENSION INVESTMENT FUND MTBJ400045849	Block	NSE	Buy	67,357	₹1,701.00	₹11.46 Cr
14 Jul 2025	THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828	Block	NSE	Sell	67,357	₹1,701.00	₹11.46 Cr
7 Jun 2024	SG TECH ENGINEERING PRIVATE LIMITED	Bulk	NSE	Buy	30,00,000	₹1,618.80	₹485.64 Cr
7 Jun 2024	APL INFRASTRUCTURE PVT. LTD.	Bulk	NSE	Sell	30,00,000	₹1,618.80	₹485.64 Cr
13 Mar 2024	NEW WORLD FUND INC	Bulk	NSE	Buy	27,89,398	₹1,601.10	₹446.61 Cr
13 Mar 2024	PRINCIPAL GLOBAL INVESTORS COLLECTIVE INVESTMENT TRUST	Bulk	NSE	Sell	15,31,367	₹1,600.16	₹245.04 Cr
30 Nov 2023	BNP PARIBAS ARBITRAGE	Bulk	NSE	Sell	66,33,888	₹1,682.89	₹1,116.41 Cr
30 Nov 2023	COPTHALL MAURITIUS INVESTMENT LIMITED	Bulk	NSE	Sell	15,76,494	₹1,686.32	₹265.85 Cr
30 Nov 2023	COPTHALL MAURITIUS INVESTMENT LIMITED	Bulk	NSE	Buy	2,50,000	₹1,686.27	₹42.16 Cr
30 Nov 2023	BNP PARIBAS ARBITRAGE	Bulk	NSE	Buy	1,583	₹1,688.12	₹0.27 Cr

1–10 of 45

1 / 5

Mr. Sanjay GuptaExecutive Director-Chairperson related to Promoter-MD
Mr. Ashok Kumar GuptaNon-Executive - Non Independent Director
Mr. Vinay GuptaNon-Executive - Non Independent Director
Mr. Rahul GuptaNon-Executive - Non Independent Director
Mr. Deepak KumarExecutive Director
Mr. C K SinghExecutive Director
Mrs. Asha Anil AgarwalNon-Executive - Independent Director
Mr. Hosdurg Sundar Kamath Upendra KamathNon-Executive - Independent Director
Mr. Rajeev AnandNon-Executive - Independent Director
Mr. Arun AgarwalChief Operating Officer
Mr. Dinesh Kumar MittalNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹2,190.1 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹2,204.4	-12.9	-0.6%	₹2,204.4	42,529	+974	2,378	350
23 Nov 2026	₹2,213.0	-19.6	-0.9%	₹2,213.0	682	+15	26	350
29 Dec 2026	₹2,226.5	+5.4	+0.2%	₹2,226.5	3	+3	5	350

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

36

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	1,840

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 18 fund houses

Held by these funds

7.55%

of the company's equity

All mutual funds

14.14%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

94 schemes · 18 fund houses

		Shares
Large & Mid Cap Fund	ICICI Prudential Mutual Fund	30.94 L	687.91	2.05%	1.114%	-0
Growth Mid Cap FundNEW	Nippon India Mutual Fund	29 L	644.79	1.23%	1.044%	—
Mid Cap Fund	DSP Mutual Fund	20.81 L	462.58	2.2%	0.749%	-0
Mid Cap FundNEW	ICICI Prudential Mutual Fund	14.37 L	319.6	3.8%	0.518%	—
Multi Cap FundNEW	ICICI Prudential Mutual Fund	13.46 L	299.37	1.53%	0.485%	—
Large & Mid Cap Fund	DSP Mutual Fund	12.55 L	279.13	1.52%	0.452%	-0
Franklin India Mid Cap Fund (Formerly known as Franklin India Prima Fund) ^	Franklin Templeton Mutual Fund	12 L	266.78	2.04%	0.432%	-0
Franklin India Focused Equity FundNEW	Franklin Templeton Mutual Fund	9.07 L	201.61	1.75%	0.327%	—

1–8 of 94

1 / 12

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

13

Final dividend8 Sept 2026 · ex-date₹8.5
Final dividend22 Aug 2025 · ex-date₹5.75
Final dividend19 Sept 2024 · ex-date₹5.5
Final dividend1 Sept 2023 · ex-date₹5
Final dividend2 Sept 2022 · ex-date₹3.5
Final dividend19 Sept 2019 · ex-date₹14
Dividend dividend19 Sept 2018 · ex-date₹14
Dividend dividend21 Sept 2017 · ex-date₹12
Dividend dividend8 Sept 2016 · ex-date₹10
Dividend dividend13 Aug 2015 · ex-date₹6
Final dividend17 Sept 2014 · ex-date₹5
Final dividend7 Aug 2013 · ex-date₹5
Final dividend20 Sept 2012 · ex-date₹2

1

Board meeting to consider results1 Aug 2026

1

Face value ₹10 → ₹215 Dec 2020 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

24 announcementsExport CSV

21 Aug 2026, 5:07 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

21 Aug 2026, 4:40 pmAGM/EGM

Notice Of AGM

AGM PDF

19 Aug 2026, 12:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

19 Aug 2026, 12:05 pmAGM/EGM

Intimation Of Date Of Annual General Meeting Of The Company

AGM PDF

19 Aug 2026, 11:32 amCorp. Action

Fixation Of Record Date For Final Dividend

Record Date PDF

3 Aug 2026, 5:09 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

2 Aug 2026, 3:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

1 Aug 2026, 3:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

Date	Category	Subject	Filing
21 Aug 2026, 5:07 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
21 Aug 2026, 4:40 pm	AGM/EGM AGM	Notice Of AGM	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	11.8%	14.8%	15.7%	14.1%	13.3%	13.8%	13.6%	15.5%
EBITDA margin %	5.5%	6.2%	8%	7.2%	6.3%	6.6%	5.8%	7.8%
EBIT margin %	4.6%	4.9%	6.8%	6.4%	5.5%	5.6%	4.8%	6.8%
PAT margin %	2.1%	3.3%	4.8%	4.7%	4%	4%	3.7%	5.2%
Working capital
Receivable days	28	23	6	10	0	3	5	6
Inventory days	45	44	39	28	39	38	33	27
Payable days	—	—	40	34	42	46	46	44
NWC days	—	—	4	3	-3	-5	-8	-12
Leverage
Current ratio	1.02	1.18	1.19	1.28	1.16	1.34	1.21	1.34
Debt to EBITDA	1.81	1.52	0.77	0.61	0.85	0.94	0.51	0.25
Debt to equity	0.74	0.54	0.31	0.24	0.29	0.31	0.15	0.09
Interest coverage	3	3.8	9.3	19.7	13.9	9.6	8.2	13.4
Asset turnover	2.58	2.36	2.5	2.93	2.76	2.52	2.72	2.61
Return ratios
Return on assets %	5.3%	7.8%	12%	13.9%	11%	10.2%	10%	13.6%
Return on capital employed %	28.7%	24%	28.7%	33.4%	27.8%	26.1%	22.7%	30.8%
Return on equity %	15.4%	18.9%	24.1%	25.1%	21.4%	20.3%	18%	22.7%

Calls	Strike	Puts
0	0	0	₹0.0	1,840

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11	338	977	652	690	1,112	1,213	2,103
	-93	-188	-647	-530	-876	-916	-375	-1,394
	81	-152	-359	26	145	27	-815	-438
Net cash flow	-1	-1	-28	148	-41	222	24	271
Free cash flow	—	—	690	55	-172	417	491	1,407
CFO / Operating profit %	—	90%	144%	69%	67.6%	93.2%	101.2%	116.7%

Apl Apollo Tubes Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

36

Fund holders

Documents

Announcements

Events

13

1

1

Announcements

13

1

1

3

36

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Apl Apollo Tubes Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Option chain36

Fund holders

Documents

Announcements

Events

Dividends13

Board meetings1

Stock splits1

Announcements

Dividends13

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Futures3

Option chain36

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

36

13

1

1

13

1

1

3

36