APL Apollo Tubes Limited (IN:APLAPOLLO)
:APLAPOLLO
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APL Apollo Tubes Limited
(APLAPOLLO)
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Rating:65Neutral
Price Target:
₹2,095.00
▲(8.37% Upside)
Action:Reiterated
Date:05/09/26
The score is anchored by strong financial performance (notably improved 2026 profitability and a conservative, improving balance sheet). It is held back by weak-to-neutral technical signals (below key moving averages with negative MACD) and a high valuation with minimal dividend support.
Positive Factors
Revenue Growth
Multi-year revenue compounding shows sustained demand and expanding market penetration across construction and industrial end markets. This durable top-line growth supports better capacity utilization, steadier fixed cost absorption and provides a base for longer-term margin recovery and reinvestment.
Negative Factors
Cyclicality of Margins
Earnings and margins tied to steel spreads create structural volatility: when raw material prices or demand soften, operating leverage can quickly compress profits. This cyclicality makes multi-quarter margin predictability weak and complicates long-term planning and investment pacing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Multi-year revenue compounding shows sustained demand and expanding market penetration across construction and industrial end markets. This durable top-line growth supports better capacity utilization, steadier fixed cost absorption and provides a base for longer-term margin recovery and reinvestment.
Read all positive factors
APL Apollo Tubes Limited (APLAPOLLO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹521.55B
Dividend Yield0.31%
Average Volume (3M)15.81K
Price to Earnings (P/E)44.7
Beta (1Y)1.08
Revenue Growth8.56%
EPS Growth58.85%
CountryIN
Employees2,682
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)43.34
Shares Outstanding277,658,420
10 Day Avg. Volume26,904
30 Day Avg. Volume15,806
Financial Highlights & Ratios
PEG Ratio0.76
Price to Book (P/B)10.15
Price to Sales (P/S)2.33
P/FCF Ratio40.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)54.08
Revenue Forecast (FY)₹268.55B
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 primarily makes money by manufacturing steel tubes/pipes and selling them to customers across construction, infrastructure, and industrial segments. Revenue is largely generated from (1) sales of finished steel tube and pipe products (e...
APL Apollo Tubes Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
76
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 230.79B | 199.96B | 175.07B | 156.74B | 126.25B |
| Gross Profit | 29.69B | 16.41B | 15.02B | 13.24B | 11.57B |
| EBITDA | 18.02B | 12.81B | 12.58B | 10.62B | 9.80B |
| Net Income | 12.03B | 7.57B | 7.32B | 6.42B | 6.19B |
Balance Sheet | |||||
| Total Assets | 88.33B | 75.96B | 71.87B | 58.52B | 44.52B |
| Cash, Cash Equivalents and Short-Term Investments | 8.86B | 9.47B | 11.41B | 5.00B | 1.69B |
| Total Debt | 4.98B | 6.34B | 11.44B | 8.73B | 5.81B |
| Total Liabilities | 35.37B | 33.88B | 35.82B | 28.46B | 19.88B |
| Stockholders Equity | 52.97B | 42.09B | 36.05B | 30.06B | 22.64B |
Cash Flow | |||||
| Free Cash Flow | 13.41B | 4.91B | 4.17B | -1.72B | 550.60M |
| Operating Cash Flow | 20.38B | 12.13B | 11.12B | 6.90B | 6.52B |
| Investing Cash Flow | -14.45B | -3.75B | -9.16B | -8.76B | -5.30B |
| Financing Cash Flow | -3.22B | -8.15B | 265.50M | 1.43B | 260.30M |
APL Apollo Tubes Limited Technical Analysis
Negative
1933.20
Price Trends
1983.45
Negative
2015.40
Negative
1856.12
Positive
Market Momentum
-36.59
Positive
38.48
Neutral
21.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APLAPOLLO, the sentiment is Negative. The current price of 1933.2 is below the 20-day moving average (MA) of 1946.00, below the 50-day MA of 1983.45, and above the 200-day MA of 1856.12, indicating a neutral trend. The MACD of -36.59 indicates Positive momentum. The RSI at 38.48 is Neutral, neither overbought nor oversold. The STOCH value of 21.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹190.37B | 28.50 | ― | 0.39% | -3.66% | -1.60% | |
70 Outperform | ₹141.14B | 20.93 | ― | 1.18% | -14.08% | -44.02% | |
68 Neutral | ₹85.27B | 7.74 | ― | 1.82% | -5.01% | 11.50% | |
65 Neutral | ₹521.55B | 44.69 | ― | 0.31% | 8.56% | 58.85% | |
65 Neutral | ₹173.06B | 31.98 | ― | 0.60% | -13.35% | -11.28% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ₹74.22B | 139.02 | ― | ― | -14.81% | -77.11% |
* Basic Materials Sector Average
IN:APLAPOLLO
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APL Apollo Tubes Limited Corporate Events
APL Apollo Publishes Q4 & FY26 Earnings Call Transcript for Investors
May 6, 2026
APL Apollo Tubes Limited has released the official transcript of its Q4 and full-year 2026 earnings conference call, which was held with analysts and institutional investors on May 4, 2026. The document, filed with both NSE and BSE and made availa...
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.