APL Apollo Tubes Limited
₹2,161.00-₹38.85 (-1.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹52,948 Cr
- P/E
- 115.0x
- EV / EBITDA
- 69.1x
- Revenue
- ₹14,361 Cr
- Net margin
- 3.3%
- ROCE
- 23.4%
Price chart
Technical chartScreen technicals →+21.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -0.9%
- 3M
- +14.1%
- 6M
- +13.5%
- 1Y
- +21.2%
- 5Y
- +150.5%
52-week range
Day change -₹38.85 (-1.8%) from ₹2,200 to ₹2,161 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in APLAPOLLO, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 18.5%
Concerns1
- Valuation elevated — PE of 115.0x is 99% above peer average of 57.8x
Rule-based from financial data. Not advice.
About the company
APL Apollo Tubes Limited manufactures and sells structural steel tubes in India.
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APL Apollo Tubes Limited manufactures and sells structural steel tubes in India. The company offers structural tubes for construction, automotive, machinery, furniture, etc. applications; galvanized iron products for industrial and agricultural applications; tricoat pipes, designer pipes, and door frames; black round tubes used in plumbing systems of buildings; pre galvanized sections of square, rectangular, and circular tubes used for roofing structure; and ready-made and color coated chaukhat, steel building, and fencing solutions. It also exports its products. The company was formerly known as Bihar Tubes Limited and changed its name to APL Apollo Tubes Limited in 2010. APL Apollo Tubes Limited was incorporated in 1986 and is headquartered in Noida, India.
- Sector
- Industrials
- Shares outstanding
- 27.8 Cr shares
- ISIN
- INE702C01027
- BSE code
- 533758
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹52,948 Cr
- P/E
- 115.0x
- P/B
- 16.7x
- EV / EBITDA
- 69.1x
- EV / Sales
- 3.8x
- P/S
- 3.8x
- Earnings yield
- 0.9%
- 52-week high
- ₹2,280.65
- 52-week low
- ₹1,700.00
Profitability
- Operating margin
- 5.1%
- Net margin
- 3.3%
- EBITDA margin
- 5.5%
- ROE
- 15.7%
- ROCE
- 23.4%
- ROA
- 9.9%
- Dividend payout
- 34.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 9.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹14,361 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹763 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -9.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -26.0%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹740 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -19.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹241 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.9%
Solvency and efficiency
- Current ratio
- 1.93
- Debt / Equity
- 0.04
- Debt / Assets
- 0.03
- Debt / EBITDA
- 0.17
- Interest coverage
- 14.12
- Financial leverage
- 1.59
- CFO / Net profit
- 1.63
- Cash / Market cap
- 3.2%
- Cash per share
- ₹60.80
- Asset turnover
- 3.02
- Fixed asset turnover
- 9.64
- Capital intensity
- 0.10
- Debtor days
- 1 days
- Inventory turnover
- 12.59
- Cash conversion cycle
- -8 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹2 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹13,820 Cr |
| Sales | Operating profit | ₹541 Cr |
| Operating profit | Interest | ₹95 Cr |
| Operating profit | Depreciation | ₹102 Cr |
| Operating profit | Profit before tax | ₹344 Cr |
| Other income | Profit before tax | ₹80 Cr |
| Profit before tax | Tax and other | ₹89 Cr |
| Profit before tax | Net profit | ₹336 Cr |
Revenue and net profit
Revenue grew 3.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹6,008 Cr | ₹154 Cr |
| FY2022 | ₹11,590 Cr | ₹494 Cr |
| FY2023 | ₹14,279 Cr | ₹512 Cr |
| FY2024 | ₹13,859 Cr | ₹454 Cr |
| FY2025 | ₹14,361 Cr | ₹336 Cr |
Cash flows
FY2025: ₹413 Cr from operations, -₹58.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹618 Cr | ₹73 Cr |
| FY2022 | ₹614 Cr | ₹443 Cr |
| FY2023 | ₹916 Cr | ₹79 Cr |
| FY2024 | ₹740 Cr | ₹406 Cr |
| FY2025 | ₹413 Cr | -₹58 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹14,361 Cr+3.6%1Y
- Net profit
- ₹336 Cr-26.0%1Y
- Cash from operations
- ₹413 Cr
- Free cash flow
- -₹58 Cr-114.3%1Y
- Revenue CAGR, 5Y
- 18.5%
- EBITDA CAGR, 5Y
- 23.6%
- Net profit CAGR, 5Y
- 31.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹14,361 Cr | ₹541 Cr | — | ₹336 Cr | ₹413 Cr | -₹58 Cr | 10.9% | +3.6% | -26.0% |
Monthly returns
Month-by-month returns of APLAPOLLO across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹5,442 Cr |
| Equity capital | ₹56 Cr |
| Reserves | ₹3,031 Cr |
| Borrowings | ₹669 Cr |
| Other liabilities | ₹1,686 Cr |
| Assets | ₹5,442 Cr |
| Fixed assets | ₹1,603 Cr |
| Capital work in progress | ₹169 Cr |
| Investments | ₹1,577 Cr |
| Other assets | ₹2,093 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
APLAPOLLO trades at 115.0x earnings against a peer median of 38.3x (a 201% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| APL Apollo Tubes LimitedAPLAPOLLOthis companyP/E ↑ premium | ₹52,948 Cr | 115.0x | 16.7x | 15.7% | 69.1x |
| Bharat Forge LtdBHARATFORG | ₹69,815 Cr | 51.3x | 6.3x | 16.6% | 27.9x |
| SUZLON ENERGY LTD.SUZLON | ₹66,218 Cr | 21.9x | 9.1x | 22.0% | 64.5x |
| Bharat Dynamics LimitedBDL | ₹55,747 Cr | 85.2x | 13.2x | 16.9% | 59.9x |
| JSW Infrastructure LimitedJSWINFRA | ₹55,472 Cr | 150.0x | 10.7x | 6.0% | 92.8x |
| Supreme Industries Ltd.SUPREMEIND | ₹44,014 Cr | 54.2x | 8.7x | — | — |
| Escorts Kubota LimitedESCORTS | ₹41,649 Cr | 34.4x | 3.5x | 11.5% | 24.8x |
| KEI Industries Ltd.KEI | ₹41,222 Cr | 52.1x | 6.7x | 18.5% | 45.8x |
| Cochin Shipyard LimitedCOCHINSHIP | ₹40,692 Cr | 53.7x | 7.1x | 16.2% | 33.1x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
APLAPOLLO since 1 January, against earlier years.
Historical volatility
APLAPOLLO's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 5.0% |
| FY2022 | 7.0% |
| FY2023 | 6.0% |
| FY2024 | 5.0% |
| FY2025 | 4.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹14,361 Cr |
| Costs | |
| Interest | ₹95 Cr |
| Expenses | ₹13,820 Cr |
| Operating profitOperating Profit | ₹541 Cr |
| Other income and charges | |
| Profit before tax | ₹425 Cr |
| Tax | |
| Net profitNet Profit | ₹336 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹5,442 Cr |
| Equity capitalEquity Capital | ₹56 Cr |
| Reserves | ₹3,031 Cr |
| Borrowings | ₹669 Cr |
| Other liabilitiesOther Liabilities | ₹1,686 Cr |
| AssetsTotal Assets | ₹5,442 Cr |
| Fixed assetsFixed Assets | ₹1,603 Cr |
| Capital work in progressCWIP | ₹169 Cr |
| Investments | ₹1,577 Cr |
| Other assetsOther Assets | ₹2,093 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹413 Cr |
| Investing cash flowCash from Investing Activity | -₹471 Cr |
| Financing cash flowCash from Financing Activity | ₹300 Cr |
| Change in cashNet Cash Flow | ₹241 Cr |
Learn while you research
Academy chapters picked for APL Apollo Tubes Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 115.0, learn when high multiples are justified.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read