APLAPOLLO · NSE

APL Apollo Tubes Limited

₹2,270.1

+5.66% (+₹121.6)

Prev. close

₹2,148.5

Volume

11,15,754

Delivery %

64.5%

As of

18 Sept 2026

Price history

Bullish

Axis Securities Analysis · Axis Securities · 03 Jul 2026

Recommends 'Buy' call on APL Apollo Tubes with a share price target of ₹2,250 apiece, expecting revenue, EBITDA, and PAT CAGR of 19%, 19%, and 22%, respectively, over FY26-FY28.

Published mid-session at 11:33 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.

Target ₹2,250NOT GRADEDCall pageClear
₹2,270.1+₹482.1 (+26.96%) · CALL
03 Jul 202618 Sept 2026
Target ₹2,250Entry ₹1,78803 Jul21 Jul14 Aug01 Sept18 SeptCall published 11:33
Axis Securities Analysis's call · 03 Jul 2026

Analyst sentiment

Analysts lean bullish

2 analyst stances · last 90 days · one per analyst

Trackable

2 · 2 bull / 0 neutral / 0 bear

Long-Horizon

none in window

Commentary

none in window

Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded

Bullish 100% (2)Neutral 0% (0)Bearish 0% (0)
Explore by date range →

Analyst opinions

CallAnalystInstrumentVerdictActions
Recommends 'Buy' call on APL Apollo Tubes with a share price target of ₹2,250 apiece, expecting revenue, EBITDA, and PAT…Axis Securities AnalysisAxis SecuritiesAPL Apollo TubesNOT GRADED
Recommends 'Buy' call on APL Apollo Tubes with a share price target of ₹2,250 apiece, expecting revenue, EBITDA, and PAT CAGR of 19%, 19%, and 22%, respectively, over FY26-FY28.
Rating & targetTarget ₹2,250Track opinion →

This call couldn't be objectively graded against market data.

Fundamentals

About APL Apollo Tubes Limited

APL Apollo Tubes Limited manufactures and sells structural steel tubes and related value added products in India and internationally. The company offers circular hollow sections, square hollow sections, rectangular hollow sections, and GP Pipes for residential housing, commercial buildings, and infrastructure; apollo structural tubes, apollo Z+, apollo galv, apollo build products for industrial structures and modern construction; apollo chaukhat, apollo plank, apollo fencing solutions, and handrails for residential housing and green construction; and heavy structural tubes, large diameter pipes, and MS pipes for factories, warehouses, data centres, and food parks applications. It also provides coated tubes, pre-galvanised tubes, and specialty steel tubes for EVs, aerospace, oil and gas, and heavy engineering; and corrosion resistant pipes, tubes, and sheets for agricultural and industrial applications. It serves its customers through a multi-tier distribution model comprising dealers, distributors, direct marketing associates, and channel partners. 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.

Details

Sector

Basic Materials

Industry

Steel

CEO

Mr. Utkarsh Dwivedi

Headquarters

Noida

Employees

3,131

Key stats

Market cap

₹59,654.90 Cr

P/E ratio (TTM)

48.5

Dividend yield

0.40%

EPS (TTM)

₹44.31

Beta (1Y · daily vs NIFTY 50)

1.19

Beta (5Y · monthly vs NIFTY 50)

0.51

Shares float

17.79 Cr

EPS · quarter ended Jun 2026

₹9.48

Upcoming earnings

29 Oct 2026

Financial Performance

01 · Financials

0 Cr10000 Cr20000 Cr30000 Cr0%20%40%60%FY21FY22FY23FY24FY25FY26
RevenueNet incomeEBITDARevenue growth YoY

FY21 growth needs FY20 filings, which the data source doesn't provide.

02 · Earnings Per Share (EPS)

0204060FY21FY22FY23FY24FY25FY26

03 · Dividend Profile

0358100%20%40%60%02 Sept 2201 Sept 2319 Sept 2422 Aug 2508 Sept 26
Dividend (₹/share)Annualised yieldAnnual dividend growth (FY)

Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-100%0%100%200%FY21FY22FY23FY24FY25FY26
SalesFixed assetsTrade receivablesInventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 Cr2500 Cr5000 Cr7500 Cr10000 CrFY21FY22FY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 Cr2500 Cr5000 Cr7500 Cr10000 CrFY21FY22FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

-1000 Cr0 Cr1000 Cr2000 CrFY21FY22FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹8,499.75 Cr₹13,063.32 Cr₹16,165.95 Cr₹18,118.80 Cr₹20,689.54 Cr₹23,079.00 Cr
EBITDA₹714.65 Cr₹985.76 Cr₹1,068.73 Cr₹1,267.04 Cr₹1,295.04 Cr₹1,913.67 Cr
₹360.16 Cr₹557.29 Cr₹641.86 Cr₹732.44 Cr₹757.06 Cr₹1,203.08 Cr
Diluted EPS₹14.41₹22.26₹23.14₹26.4₹27.28₹43.34

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹3,398.95 Cr₹4,452.41 Cr₹5,852.00 Cr₹7,187.00 Cr₹7,596.00 Cr₹8,833.00 Cr
₹520.47 Cr₹581.22 Cr₹873.01 Cr₹1,144.25 Cr₹634.43 Cr₹497.65 Cr
Stockholders' equity₹1,832.96 Cr₹2,464.01 Cr₹3,005.00 Cr₹3,605.00 Cr₹4,209.00 Cr₹5,297.00 Cr

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹977.11 Cr₹651.71 Cr₹691.00 Cr₹1,112.00 Cr₹1,219.00 Cr₹2,103.00 Cr
Investing cash flow₹-646.83 Cr₹-530.13 Cr₹-875.72 Cr₹-915.64 Cr₹-380.52 Cr₹-1,393.76 Cr
₹-358.55 Cr₹26.03 Cr₹143.00 Cr₹27.00 Cr₹-815.00 Cr₹-440.00 Cr
Capital expenditure₹-286.92 Cr₹-596.65 Cr₹-862.03 Cr₹-694.84 Cr₹-722.50 Cr₹-694.25 Cr
End cash position₹16.12 Cr₹163.73 Cr₹122.69 Cr₹345.16 Cr₹368.80 Cr₹644.18 Cr

Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.

Annual only — the data source has no quarterly cash-flow-statement coverage.

11 · Shareholding Pattern

NSE, quarterly

Line itemSep 21Dec 21Mar 22Sep 22(3Q)Nov 22Dec 22Mar 23(2Q)Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Jun 25(3Q)Sep 25Dec 25Mar 26Jun 26(2Q)
Promoter36.84%34.54%34.52%31.17%31.15%30.62%29.67%29.57%29.44%28.33%28.32%28.31%28.30%28.27%28.25%
Public63.16%65.46%65.48%68.83%68.85%69.38%70.33%70.43%70.56%71.67%71.68%71.69%71.70%71.73%71.75%
Employee trusts0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.

12 · Peer Comparison

Basic Materials

Company
UltraTech Cement Limited₹3.17 L Cr₹11,01436.94.1310.7%0.31+16.6%-12.8%
JSW Steel Limited₹3.06 L Cr₹1,275.612.43.0622.3%1.19+9.3%+13.8%
Hindustan Zinc Limited₹2.42 L Cr₹59614.210.6961.1%0.39+18.6%+31.0%
Asian Paints Limited₹2.35 L Cr₹2,451.349.311.0120.2%0.18+5.1%-1.1%
Tata Steel Limited₹2.28 L Cr₹187.2920.72.2310.6%0.90+6.2%+9.3%
Hindalco Industries Limited₹2.18 L Cr₹986.513.31.599.8%0.73+15.0%+31.5%
Grasim Industries Limited₹2.15 L Cr₹3,209.237.92.084.8%2.20+18.2%+11.5%
Solar Industries India Limited₹1.71 L Cr₹18,81586.127.2526.7%0.29+30.6%+27.0%
Vedanta Aluminium Metal Limited₹1.60 L Cr₹416.542.1
Pidilite Industries Limited₹1.58 L Cr₹1,572.159.814.5822.6%0.04+11.1%-48.5%
JINDAL STEEL LIMITED₹1.11 L Cr₹1,10341.12.196.6%0.44+5.5%+4.7%
APL Apollo Tubes Limited₹59,654.90 Cr₹2,270.148.511.2622.7%0.09+11.9%+33.8%

Ranked by market cap within Basic Materials, same metrics as the Fundamentals screener. Click a column to sort.

Documents

Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.

Index membership

42 indices

NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.

APLAPOLLO

APL Apollo Tubes Share Price rises 2.11%: stock analysis

Univest · 19 hours ago

APLAPOLLO

APL Apollo Tubes Limited Approves Final Dividend for the Financial Year Ended March 31, 2026

marketscreener.com · 3 days ago