APL Apollo Tubes Limited (IN:APLAPOLLO)
:APLAPOLLO
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APL Apollo Tubes Limited
(APLAPOLLO)
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Rating:68Neutral
Price Target:
₹2,087.00
▲(7.96% Upside)
Action:ReiteratedDate:02/05/26
The score is driven primarily by strong financial performance (growth, improved balance sheet leverage, and solid cash flow). Technicals are supportive due to a clear uptrend, but overbought signals raise near-term downside risk. Valuation is the main headwind, with a high P/E and minimal dividend support.
Positive Factors
Revenue Growth
Consistent double-digit revenue growth (10.66% in 2025) indicates sustained demand and expanding market penetration for structural steel products. Over a 2–6 month horizon this underpins stable volumes, supports reinvestment in capacity or product mix, and provides revenue runway even if cyclicality moderates.
Negative Factors
Raw Material Price Risk
Earnings depend materially on the spread between selling prices and steel input costs, exposing margins to commodity volatility. Persistent or sudden steel price swings can compress gross and net margins, reduce cash flow predictability and force margin restoration measures over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent double-digit revenue growth (10.66% in 2025) indicates sustained demand and expanding market penetration for structural steel products. Over a 2–6 month horizon this underpins stable volumes, supports reinvestment in capacity or product mix, and provides revenue runway even if cyclicality moderates.
Read all positive factors
APL Apollo Tubes Limited (APLAPOLLO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹552.22B
Dividend Yield0.31%
Average Volume (3M)15.81K
Price to Earnings (P/E)42.8
Beta (1Y)1.09
Revenue Growth8.79%
EPS Growth79.95%
CountryIN
Employees2,682
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)11.20
Shares Outstanding277,658,420
10 Day Avg. Volume26,904
30 Day Avg. Volume15,806
Financial Highlights & Ratios
PEG Ratio16.81
Price to Book (P/B)10.08
Price to Sales (P/S)2.12
P/FCF Ratio86.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,322.50Price Target Upside20.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)56.27
Revenue Forecast (FY)₹270.62B
APL Apollo Tubes Limited Business Overview & Revenue Model
Company Description
APL Apollo Tubes Limited manufactures and sells structural steel tubes and pipes in India. The company offers structural tubes for construction, automotive, machinery, furniture etc. applications; pre galvanized sections of square, rectangular, an...
How the Company Makes Money
APL Apollo Tubes makes money primarily by manufacturing and selling steel tubes and pipes (especially structural tubes) across multiple end-use segments such as real estate/construction, infrastructure, industrial fabrication, and related engineer...
APL Apollo Tubes Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 211.82B | 199.96B | 175.07B | 156.74B | 126.25B | 82.15B |
| Gross Profit | 22.32B | 16.41B | 15.02B | 13.24B | 11.57B | 8.66B |
| EBITDA | 18.01B | 12.81B | 12.58B | 10.62B | 9.80B | 7.08B |
| Net Income | 11.42B | 7.57B | 7.32B | 6.42B | 6.19B | 3.60B |
Balance Sheet | ||||||
| Total Assets | 83.57B | 75.96B | 71.87B | 58.52B | 44.52B | 33.99B |
| Cash, Cash Equivalents and Short-Term Investments | 11.10B | 9.47B | 11.41B | 5.00B | 1.69B | 161.20M |
| Total Debt | 5.48B | 6.34B | 11.44B | 8.73B | 5.81B | 5.21B |
| Total Liabilities | 34.45B | 33.88B | 35.82B | 28.46B | 19.88B | 15.66B |
| Stockholders Equity | 49.11B | 42.09B | 36.05B | 30.06B | 22.64B | 16.95B |
Cash Flow | ||||||
| Free Cash Flow | 3.92B | 4.91B | 4.17B | -1.72B | 550.60M | 6.90B |
| Operating Cash Flow | 7.90B | 12.13B | 11.12B | 6.90B | 6.52B | 9.77B |
| Investing Cash Flow | -2.69B | -3.75B | -9.16B | -8.76B | -5.30B | -6.47B |
| Financing Cash Flow | -2.64B | -8.15B | 265.50M | 1.43B | 260.30M | -3.59B |
APL Apollo Tubes Limited Technical Analysis
Positive
1933.20
Price Trends
2090.47
Positive
1969.31
Positive
1830.98
Positive
Market Momentum
-0.61
Negative
57.45
Neutral
90.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APLAPOLLO, the sentiment is Positive. The current price of 1933.2 is below the 20-day moving average (MA) of 1981.51, below the 50-day MA of 2090.47, and above the 200-day MA of 1830.98, indicating a bullish trend. The MACD of -0.61 indicates Negative momentum. The RSI at 57.45 is Neutral, neither overbought nor oversold. The STOCH value of 90.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:APLAPOLLO.
APL Apollo Tubes Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹199.66B | 28.50 | ― | 0.39% | -3.66% | -1.60% | |
70 Outperform | ₹156.71B | 11.99 | ― | 1.18% | -14.08% | -44.01% | |
68 Neutral | ₹552.22B | 42.84 | ― | 0.31% | 8.79% | 79.95% | |
68 Neutral | ₹86.67B | 7.74 | ― | 1.82% | -5.01% | 11.50% | |
68 Neutral | ₹188.81B | 37.97 | ― | 0.60% | 3.17% | 10.59% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ₹71.37B | 139.02 | ― | ― | -14.81% | -77.11% |
* Basic Materials Sector Average
IN:APLAPOLLO
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APL Apollo Tubes Limited Corporate Events
APL Apollo Grants 3 Million Stock Appreciation Rights to Employees
Apr 2, 2026
APL Apollo Tubes Limited has granted 3,000,000 Stock Appreciation Right (SAR) units to eligible employees under its 2019 Stock Appreciation Rights Scheme, with effect from April 1, 2026. The exercise price has been set at ₹1,937 per SAR unit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.