APLAPOLLOCapital Goods

APL Apollo Tubes Limited

Iron & Steel Products · ISIN INE702C01027 · BSE 533758 · NSE EQ · FV ₹2
Last price
₹2,149
+1.34%today
What this company does

APL Apollo Tubes Limited operates in Iron & Steel Products, part of the Capital Goods sector. It booked ₹5,607 cr of revenue in its latest quarter (Q1 FY27) and kept 4.7% of sales as profit. It is the 2nd largest of 9 Iron & Steel Products companies we track, by market value.

The Company is engaged in the business of those characteristics into account when pricing the production of ERW steel tubes.
In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 77–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns60

How much profit it earns on the money it employs

Balance sheet44

How much it owes, and whether earnings cover the interest

Cash quality80

Whether reported profit actually arrives as cash

Growth & consistency60

Whether sales and profit have grown, and how steadily

Valuation35

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 8% vs last year
Profit up 11% vs last year
No promoter shares pledged
Strong 20% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 4.7% net margin

What if I invest in APLAPOLLO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,149 +1.34%
latest close · 2026-09-17
1-year return
+165.6%
52-wk low ₹75052-wk high ₹2,281
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio56.7High
LowAverageHigh
P/B ratio11.26High
Below bookModerateHigh
EV / EBITDA33.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.9%Strong
WeakFairStrong ▸15%
Return on capital26.2%Strong
WeakFairStrong
Net margin4.7%Thin
ThinDecentStrong
EBITDA margin8.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.09Comfortable
LowModerateHigh ▸1
Interest cover10.1×Strong
RiskyOkayStrong ▸5×
Current ratio1.34Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹59,664 cr
Book value
₹191
EPS
₹9.48
latest quarter
Net debt
₹-192 cr
more cash than debt
Enterprise value
₹59,472 cr
EBITDA
₹1,803 cr
annualised
EBIT
₹1,565 cr
annualised
Operating margin
7.0%
Return on assets
11.9%
Earnings yield
1.76%
P/S
2.66
Sales / share
₹807.6
Tax rate
25.3%
Face value
₹2
Shares
27.8 cr
Working capital
₹984 cr
Current assets
₹3,852 cr
Current liabilities
₹2,869 cr
Delivery %
52.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹445₹461, midpoint ₹453

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹5,607 cr
Other Income₹40 cr
Total Income₹5,646 cr
Cost of Materials₹4,687 cr
Purchases of Stock-in-Trade₹236 cr
Inventory Change (±)₹-206 cr
Employee Benefit Expense₹106 cr
Finance Costs₹39 cr
Depreciation & Amortisation₹59 cr
Other Expenses₹373 cr
Total Expenses₹5,294 cr
Profit before Tax₹352 cr
Tax Expense₹89 cr
Net Profit₹263 cr
Net margin on total income4.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹4,717 cr83.5%
Employee benefit expense₹106 cr1.9%
Finance costs₹39 cr0.7%
Depreciation & amortisation₹59 cr1.1%
Other expenses₹373 cr6.6%
Tax expense₹89 cr1.6%
Profit for the period₹263 cr4.7%
Total income ₹5,646 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue5,815 cr6,269 cr5,607 cr
Total income5,840 cr6,306 cr5,646 cr
Expenses5,435 cr5,849 cr5,294 cr
Profit before tax404 cr457 cr352 cr
Tax94 cr102 cr89 cr
Net profit (owners' share)310 cr354 cr263 cr
Net margin (owners' share, on revenue)5.3%5.7%4.7%
EPS (₹)11.1712.769.48
YoY (latest quarter): total income +8.7% · net profit +10.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹8,833 cr
Shareholder equity
₹5,297 cr
parent shareholders
Total debt
₹452 cr
Cash
₹644 cr
Cash flow · H1 FY26
Operating
₹600 cr
Investing
₹-395 cr
Financing
₹-137 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limitedthis company₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.40%
trailing 12 months
Dividend / share (TTM)
₹8.5
Last dividend
₹8.5
ex 8 Sep 2026
ActionDetailEx-date
Dividend₹8.5 / share8 Sep 2026
Dividend₹5.75 / share22 Aug 2025
Dividend₹5.5 / share19 Sep 2024
Dividend₹5 / share1 Sep 2023
Dividend₹3.5 / share2 Sep 2022
Bonus issue1:116 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
28.3%
FII / Foreign
35.1%
DII / Domestic
18.6%
Retail / others
18.1%
Promoter stake down 1.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldArun Agarwal · -1,000 · ₹16.4 L30 Jun 21
SoldRomi Sehgal · -3,000 · ₹48.8 L30 Jun 21
SoldShiv Kumar Bansal · -1,000 · ₹16.3 L29 Jun 21
Bulk / block deals
short · NSE716 Sep 26
short · NSE815 Sep 26
short · NSE3227 Aug 26
Stake changes
BoughtNew World Fund, Inc.→ 5.29% · 24.13 L12 Feb 26
SoldSanjay Gupta · promoter→ 0.02% · 3.45 L7 Jun 24
SoldRohan Gupta · promoter→ 0.45% · 11.25 L11 Nov 21
Promoter pledges
ReleasedIntegrated Master Securities Pvt Ltd76,000 · 0.30% held15 Oct 20
PledgedIntegrated Master Securities Pvt Ltd16,000 · 0.24% held22 Sep 20
PledgedIntegrated Master Securities Pvt Ltd16,000 · 0.24% held22 Sep 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 15 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company (Consolidated and Standalone) for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
16.15 cr votes for, 2.74 L against · 0% of mutual funds and other big investors said no
2
To declare final dividend of Rs.8.50/- (Rupees Eight and Paise Fifty only) per equity share of Rs,2/- (Rupees two only) each fully paid up, (i.e. @ 425% of the face value of the equity shares) for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
16.19 cr votes for, 119 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Ashok Kumar Gupta (DIN: 01722395), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 92% of shareholders other than promotersneeded 50%
14.82 cr votes for, 1.37 cr against · 10% of mutual funds and other big investors said no
4
To appoint a Director in place of Shri Rahul Gupta (DIN: 07151792), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 94% of shareholders other than promotersneeded 50%
15.26 cr votes for, 92.75 L against · 7% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 28.3% between them · as of 2026-06-30
S GUPTA HOLDING PRIVATE LIMITED26.60%
VEERA GUPTA1.65%
ASHOK KUMAR GUPTAno shares
RAHUL GUPTAno shares
ROHAN GUPTAno shares
SANJAY GUPTAno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹7 cr to companies in the promoter group last year — about 0.0% of its ₹20,690 cr revenue.
Sanjay Gupta
Other payments to them · Various
₹7 cr
company paid

The company also transacted with 8 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.