APL Apollo Tubes Ltd
- P/E
- 45.9x
- 52-week range
- 1,690 – 2,301.4
- ROE
- 25%
- ROCE
- 32%
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
APL Apollo Tubes Limited is a producer of structural steel tubes in India. It is engaged in the business of producing electric resistance welded (ERW) steel tubes. Its multi-product offerings include over 3000 varieties of pre-galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes, and hollow sections. Its product category includes Apollo Structural, Apollo Z, and Apollo Galv. Its products include Fencing Tube, Window Frame Tube (L), Handrill, Apollo Signature, and Double Door Frame. It offers products under various brands, which include Apollo Fabritech, Apollo Build, Apollo DFT, Apollo Column, Apollo Bheem, Apollo Green, Apollo Standard, Apollo Agri, Apollo D Section, Apollo Narrow, and Apollo Ready Chaukhat, among others. Its products are used in various applications, which include agricultural and plumbing, firefighting, staircase steps, warehousing factory sheds, balcony grills, sheds, greenhouse structures, plumbing and lighting poles, among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →APL Apollo Tubes Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)45.9 against a typical 18.8: pricier than most peers (1st = cheapest).120th of 146
- Sales growth+8.5% against a typical +13.1% from a year earlier.68th of 117
- Profit growth+11% against a typical +26.2% from a year earlier.64th of 105
- Share price, 3 months+15.8% against a typical −3.8%.21st of 135
Latest announcements
Exchange filings and their impact on the company.
- Q2 revenue and profit jumped about 27% YoY, pointing to double-digit growth and higher net worth over the next 12 months.
APL Apollo Tubes reported strong Q2 FY27 results with consolidated revenue of Rs 7,001.7 crore and net profit of Rs 382.4 crore, up about 27% from last year. For the first half, revenue was Rs 12,608 crore and profit was Rs 645.5 crore. The board also completed the Rs 160 crore sale of Blue Ocean Projects (Rs 9.7 crore gain) and approved raising its stake in SG Enterprise Solutions to 51% for Rs 1.55 lakh to make it a subsidiary, both too small to move the business.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA+ /[ICRA]A1+ | Stable | 26 Feb 2026 |
| CRISIL | Crisil AA+ | Stable | 30 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 Feb 2026 | Reaffirmed | [ICRA]AA+ /[ICRA]A1+ | — | ICRA | ₹ 4,220.34 Cr. | |
| 30 Sep 2025 | ▲ Upgrade | Crisil AA+ | — | CRISIL | ₹ 1,270 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 26 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 1 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended June 30, 2026 |
| 2 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 22 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To considering the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended 30th September 2025. |
| 24 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,630 | 4,178 | 4,766 | 4,974 | 4,774 | 5,433 | 5,509 | 5,170 | 5,206 | 5,982 | 6,269 | 5,607 |
| Expenses | 4,305 | 3,898 | 4,485 | 4,673 | 4,636 | 5,087 | 5,095 | 4,798 | 4,759 | 5,511 | 5,758 | 5,195 |
| Operating Profit | 325 | 280 | 280 | 302 | 138 | 346 | 414 | 372 | 447 | 472 | 511 | 411 |
| OPM % | 7% | 7% | 6% | 6% | 2.9% | 6% | 8% | 7% | 9% | 8% | 8% | 7% |
| Other Income | 20 | 15 | 19 | 25 | 15 | 22 | 35 | 26 | 25 | 25 | 36 | 40 |
| Interest | 27 | 28 | 31 | 28 | 36 | 37 | 32 | 33 | 28 | 33 | 32 | 39 |
| Depreciation | 41 | 47 | 47 | 46 | 47 | 50 | 58 | 54 | 58 | 59 | 59 | 59 |
| Profit before tax | 277 | 219 | 221 | 252 | 70 | 280 | 359 | 310 | 386 | 404 | 457 | 352 |
| Tax % | 27% | 24% | 23% | 23% | 23% | 23% | 18% | 23% | 22% | 23% | 22% | 25% |
| Net Profit | 203 | 166 | 170 | 193 | 54 | 217 | 293 | 237 | 302 | 310 | 354 | 263 |
| EPS in Rs | 7.32 | 5.96 | 6.14 | 6.96 | 1.94 | 7.82 | 10.56 | 8.55 | 10.86 | 11.17 | 12.76 | 9.48 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 19%
- 5 Years
- 22%
- 3 Years
- 13%
- TTM
- 10%
- 10 Years
- 26%
- 5 Years
- 27%
- 3 Years
- 23%
- TTM
- 53%
- 10 Years
- 36%
- 5 Years
- 21%
- 3 Years
- 11%
- TTM
- —
- 10 Years
- 23%
- 5 Years
- 23%
- 3 Years
- 22%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| APL Apollo Tubes Ltd | ₹ 2,165.30 | — | 45.9x | — | 25% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 42.5x | 3.1x | 0% | 0% |
| Tata Steel | ₹ 167.25 | ₹ 2,08,786 Cr. | 18.9x | 2.2x | 0% | 0% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 28x | 2.2x | 0% | 0% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 26.8x | 7.3x | 0% | 0% |
| Steel Authority of India | ₹ 165.00 | ₹ 70,012 Cr. | 18.7x | 1.2x | 0% | 0% |
Management
- Sanjay Gupta
- Executive Chairman of the Board, Managing Director
- Deepak Kumar Goyal
- Group Chief Financial Officer, Whole Time Director, Director - Operations
- Chetan Khandelwal
- Chief Financial Officer
- Utkarsh Dwivedi
- Chief Executive Officer - International Business
- Chakram Kumar Singh
- Chief Operating Officer, Whole-time Director
- Vaibhaav Sharma
- Chief Information Officer
- Vipul Jain
- Company Secretary, Compliance Officer
- Anubhav Gupta
- Chief Strategy Officer
Prices are delayed and for information only. Nothing on this page is investment advice.