APL Apollo Tubes Ltd.

NSE: APLAPOLLO · Capital Goods

₹2,185.30-0.41%06 Nov 2026

Check figures: unusual quarterly results in MAR '26 (₹354.35 cr vs a typical ₹34.28 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about APL Apollo Tubes Ltd. — computed from its filings, no language model

Market cap₹60,686 cr

Current price₹2,185.30

High / Low₹2,281 / ₹1,698

P/E91.3

P/B10.57

Book value₹206.7

ROE11.6%

ROCE28.1%

Debt / equity0.16

Dividend yield0.26%

EPS (TTM)₹23.92

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5,472	7,152	7,723	8,500	13,063	16,166	18,119	20,690	23,079
EBITDA	376	393	477	679	945	1,022	1,192	1,199	1,802
Operating margin	6.9%	5.5%	6.2%	8.0%	7.2%	6.3%	6.6%	5.8%	7.8%
Interest	86	113	107	66	44	67	113	133	125
Depreciation	53	64	96	103	109	138	176	201	231
Profit before tax	244	227	296	546	832	863	978	960	1,557
Tax	84	79	40	138	213	221	245	203	354
Net profit	0	148	238	360	557	642	0	757	1,203
EPS ₹	67.89	62.47	97.17	28.91	22.30	23.15	26.40	27.28	43.34
Operating cash flow	—	—	—	—	652	690	1,112	1,213	2,103
Capex	—	—	—	—	597	862	695	722	696
Dividend paid	—	—	—	—	0	88	139	153	160
Total assets	2,181	2,774	3,266	3,399	4,452	5,852	7,187	7,596	8,833
Equity	838	964	1,356	1,695	2,264	3,006	3,605	4,209	5,297

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	MAR '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,519	1,690	1,691	2,094	2,072	1,647	2,116	1,888	1,110	2,202	2,601	2,587	2,534	3,084	3,230	4,215	3,439	3,969	4,327	4,431	4,545	4,630	4,178	4,766	4,974	4,774	5,433	5,509	5,170	5,206	5,815	6,269	5,607	7,002
Operating profit	108	86	59	139	125	72	161	120	71	169	232	206	255	222	202	266	194	232	273	323	307	325	280	280	302	138	346	414	372	447	472	511	411	578
Operating margin	7.1%	5.1%	3.5%	6.6%	6.0%	4.4%	7.6%	6.3%	6.4%	7.7%	8.9%	8.0%	10.0%	7.2%	6.3%	6.3%	5.6%	5.8%	6.3%	7.3%	6.8%	7.0%	6.7%	5.9%	6.1%	2.9%	6.4%	7.5%	7.2%	8.6%	8.1%	8.2%	7.3%	8.3%
Other income	2	2	3	3	5	5	5	8	5	10	8	13	10	11	8	11	8	12	9	18	22	20	15	19	25	15	22	35	26	25	25	36	40	40
Interest	28	31	27	29	28	27	28	24	21	16	15	14	13	11	11	10	10	14	19	25	27	27	28	31	28	36	37	32	33	28	33	32	39	52
Depreciation	15	16	16	17	20	24	26	25	24	25	26	28	27	27	27	28	29	28	35	47	41	41	47	47	46	47	50	58	54	58	59	59	59	66
Profit before tax	67	41	20	95	81	26	111	79	31	138	200	177	226	196	172	239	163	202	229	269	261	277	219	221	252	70	280	359	310	386	404	457	352	500
Tax	22	14	7	34	29	-34	28	18	9	36	51	43	57	50	44	62	42	52	60	67	67	74	53	51	59	16	63	66	73	85	94	102	89	117
Net profit	0	0	13	62	52	55	74	57	17	92	132	119	147	131	116	163	107	0	0	202	0	0	0	0	0	0	0	293	0	0	310	354	0	0
EPS ₹	19.19	11.24	5.42	26.00	21.54	24.67	33.79	22.85	6.78	37.01	10.59	9.55	11.80	5.26	4.62	6.52	4.28	6.00	6.76	7.28	6.98	7.32	5.97	6.14	6.96	1.94	7.82	10.56	8.55	10.86	11.17	12.76	9.48	13.62
Revenue YoY	—	—	—	37.8%	—	-2.6%	25.1%	-9.8%	-46.4%	33.7%	22.9%	37.0%	128.4%	40.0%	24.2%	62.9%	35.7%	28.7%	34.0%	5.1%	32.2%	16.7%	-3.5%	7.6%	9.4%	3.1%	30.0%	15.6%	3.9%	9.1%	7.0%	13.8%	8.5%	34.5%
Profit YoY	—	—	—	—	—	—	477.0%	-7.9%	-67.6%	67.1%	77.8%	109.8%	778.1%	42.5%	-12.4%	36.7%	-27.3%	-100.0%	-100.0%	23.8%	-100.0%	—	—	-100.0%	—	—	—	—	—	—	—	20.9%	—	—

Earlier results (standalone, Sep '11 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

APL Apollo Tubes Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	1,609	2,057	2,051	2,927	2,879
Operating profit	94	93	94	111	127
Operating margin	5.8%	4.5%	4.6%	3.8%	4.4%
Other income	—	2	—	22	2
Interest	32	46	50	49	48
Depreciation	8	10	12	19	30
Profit before tax	55	39	44	42	51
Tax	20	13	13	11	12
Net profit	35	26	31	31	39

Quarters

showing latest 8 of 26 periods

	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	241	267	349	351	376	440	442	504	511	484	558	545	499	504	504	613	666	803	844	742	565	744	828	760	834	1,085
Operating profit	15	18	22	23	23	27	21	25	23	22	23	21	25	26	23	21	24	22	45	24	34	36	34	43	48	57
Operating margin	6.1%	6.8%	6.4%	6.6%	6.0%	6.2%	4.7%	5.0%	4.4%	4.6%	4.2%	3.8%	5.0%	5.1%	4.5%	3.4%	3.5%	2.8%	5.3%	3.2%	5.9%	4.8%	4.1%	5.7%	5.7%	5.3%
Other income	—	—	1	—	—	—	1	1	0	0	1	1	—	11	0	1	16	2	2	1	1	-1	1	4	27	2
Interest	6	6	7	7	6	9	10	10	12	12	12	11	12	12	16	12	12	14	11	14	10	13	11	12	15	18
Depreciation	1	1	2	2	2	2	2	2	2	3	2	3	3	4	2	4	4	4	7	5	11	6	8	7	7	11
Profit before tax	7	11	13	15	14	16	9	13	8	8	10	8	10	20	6	6	8	6	22	6	14	16	15	28	52	30
Tax	2	4	4	5	4	5	5	5	2	3	3	3	3	3	4	2	-2	2	9	2	5	6	-1	9	8	11
Net profit	5	7	9	10	10	10	4	8	6	5	6	5	7	17	2	4	10	4	13	4	9	10	17	18	45	19
EPS ₹	2.48	3.59	4.15	4.53	4.61	4.75	1.89	3.78	2.74	2.22	2.70	2.33	2.84	7.31	0.94	1.61	4.22	1.58	5.73	1.65	3.78	4.28	7.04	7.72	18.90	7.80
Revenue YoY	—	—	—	—	55.6%	65.1%	26.7%	43.5%	36.1%	9.9%	26.3%	8.1%	-2.4%	4.1%	-9.7%	12.6%	33.5%	59.5%	67.5%	21.0%	-15.2%	-7.4%	-1.8%	2.4%	47.5%	45.8%
Profit YoY	—	—	—	—	100.6%	43.0%	-52.2%	-15.1%	-38.7%	-50.0%	50.0%	-35.3%	7.4%	228.8%	-65.4%	-31.1%	48.6%	-78.3%	513.7%	2.4%	-10.5%	171.2%	23.1%	372.0%	403.4%	84.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	13.1%	18.8%	25.2%	17.5%	15.0%	17.7%	22.0%	21.3%	29.0%	31.3%	30.3%	24.6%	22.8%	14.7%	10.3%	10.3%	6.7%	6.2%	6.2%	0.0%	0.0%	0.0%	0.0%	7.0%	7.0%	6.4%	13.1%	12.5%	12.5%	11.6%
ROCE	21.0%	19.9%	25.4%	19.4%	16.6%	21.5%	25.1%	27.6%	36.0%	38.4%	37.0%	30.8%	28.5%	22.9%	24.7%	24.0%	27.0%	25.5%	25.5%	23.1%	22.9%	18.3%	19.7%	22.7%	24.0%	27.6%	29.9%	29.3%	30.1%	28.1%
Net margin	1.7%	2.4%	3.1%	3.1%	3.0%	3.3%	3.8%	4.2%	4.9%	4.9%	4.5%	4.3%	3.7%	2.6%	1.7%	1.9%	1.2%	1.1%	1.1%	0.0%	0.0%	0.0%	0.0%	1.4%	1.4%	1.4%	2.8%	3.0%	2.9%	2.7%
EBITDA margin	5.4%	5.3%	6.3%	6.2%	6.3%	7.1%	7.6%	8.0%	8.7%	8.5%	7.7%	7.2%	6.3%	6.0%	6.0%	6.3%	6.6%	6.8%	6.9%	6.6%	6.4%	5.3%	5.3%	5.8%	6.1%	7.4%	7.9%	8.0%	8.0%	8.0%
Debt / equity	0.74	0.74	0.74	0.54	0.54	0.54	0.54	0.31	0.31	0.31	0.31	0.26	0.26	0.36	0.36	0.29	0.29	0.35	0.35	0.31	0.31	0.26	0.26	0.15	0.15	0.15	0.15	0.09	0.09	0.16
Interest coverage	3.06	2.99	3.79	3.76	3.46	5.02	6.90	9.26	13.83	16.19	16.81	19.72	19.48	18.43	16.94	13.87	12.41	11.65	10.57	9.62	9.49	7.15	7.23	8.21	8.34	11.28	12.58	13.42	13.21	11.99
Asset turnover	2.72	2.71	2.86	2.36	2.07	2.24	2.39	2.50	2.92	3.18	3.36	2.93	3.14	2.99	3.21	2.76	2.95	2.85	2.82	2.52	2.58	2.59	2.76	2.72	2.75	2.57	2.61	2.54	2.59	2.48

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	23	23	24	24	24	25	25	50	50	55	55	56	56	56	56	56	56
Other equity / reserves	472	544	680	814	940	1,331	1,670	2,214	2,578	2,950	3,225	3,549	3,793	4,153	4,550	5,241	5,685
Total equity	495	568	703	838	964	1,356	1,695	2,264	2,628	3,006	3,280	3,605	3,849	4,209	4,606	5,297	5,740
Borrowings	433	598	569	673	710	727	520	581	952	873	1,155	1,125	1,002	615	694	452	918
Current liabilities	—	—	943	1,128	1,457	1,225	1,178	1,429	1,669	2,180	2,141	2,495	2,561	2,630	3,023	2,869	3,588
Non-current liabilities	—	—	198	215	353	590	388	559	667	666	878	1,087	817	757	681	668	618
Total assets	1,323	1,660	1,845	2,181	2,774	3,266	3,399	4,452	4,963	5,852	6,300	7,187	7,227	7,596	8,309	8,833	9,946
Property, plant & equipment	571	—	631	849	1,008	1,471	1,501	1,604	1,615	2,349	2,724	3,031	3,219	3,370	3,476	3,740	3,778
Capital work-in-progress	20	32	122	46	27	10	108	504	774	374	360	203	217	336	312	328	394
Investments	19	13	0	1	—	—	1	91	108	233	54	103	97	126	45	49	51
Inventories	320	594	470	591	784	784	760	847	1,093	1,480	1,363	1,638	1,679	1,623	1,934	1,445	1,675
Receivables	175	220	295	432	543	476	131	342	105	0	145	139	225	267	281	351	378
Cash & equivalents	19	1	1	7	47	44	16	164	128	123	365	345	105	369	437	644	892

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	319	315	11	315	91	358	510	977	652	690	1,112	1,213	2,103
Cash from investing	-187	-191	-93	-170	-165	-264	-435	-647	-530	-876	-916	-375	-1,394
Cash from financing	-123	-124	81	-145	79	-53	-78	-359	26	145	27	-815	-438
Capex	194	—	—	—	—	—	—	—	597	862	695	722	696
Free cash flow	126	—	—	—	—	—	—	—	55	-172	417	491	1,407
Dividends paid	—	12	14	—	—	—	—	—	0	88	139	153	160

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹3,778 cr38%

CWIP

₹394 cr4%

Investments

₹51 cr1%

Inventories

₹1,675 cr17%

Receivables

₹378 cr4%

Cash & equivalents

₹892 cr9%

Other assets

₹2,778 cr28%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
APL Apollo Tubes Ltd.	60,686	2,185.30	91.3	10.57	11.6%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+2.4%

6 months+10.7%

1 year+21.1%

3Y CAGR+11.1%

5Y CAGR+20.1%

10Y CAGR+37.1%

50-day avg₹2,165.42

200-day avg₹2,017.41

RSI (14)53

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FAQs

What is the share price of APL Apollo Tubes Ltd.?

APL Apollo Tubes Ltd. (APLAPOLLO) closed at ₹2,185.30 on NSE on 06 Nov 2026.

What is the market cap of APL Apollo Tubes Ltd.?

₹60,686 crore at the latest close.

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

91.3, on trailing-twelve-month earnings from its filings.

How fast is APL Apollo Tubes Ltd. growing?

APL Apollo Tubes Ltd.: revenue has compounded at 12.6% a year over three years; net profit at 23.3% a year. Latest-quarter revenue is up 34.5% year on year.

How profitable is APL Apollo Tubes Ltd.?

On a trailing-twelve-month basis return on equity is 11.6%, return on capital employed 28.1%, operating margin 8.0%, net margin 2.7%.

How much debt does APL Apollo Tubes Ltd. have?

APL Apollo Tubes Ltd. is lightly geared: debt to equity is 0.16 with borrowings of ₹918 cr against cash of ₹892 cr (balance sheet of 2026-09-30). Operating profit covers interest 12.0 times.

Financials parsed from APL Apollo Tubes Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '15. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.