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APL Apollo Tubes Limited
(APLAPOLLO)
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Rating:76Outperform
Price Target:
₹2,219.00
▲(14.78% Upside)
Action:Upgraded
Date:08/09/26
The score is driven primarily by strong financial performance (2026 profitability improvement, low leverage, solid ROE) and supportive technical momentum (price above major moving averages with positive MACD). This is tempered by expensive valuation (high P/E and low yield) and some historical cyclicality in margins and free cash flow.
Positive Factors
Revenue and Profitability Momentum
Sustained revenue compounding and a meaningful step-up in 2026 margins and net income create a stronger earnings base. This improves the firm's ability to reinvest, fund working capital, and absorb cyclical shocks, supporting durable operational scale and profit generation over months.
Negative Factors
Cyclicality in Margins and Returns
Marked year-to-year swings in margins and returns create earnings unpredictability; planning and capital allocation become harder when cyclical swings are material. This structural variability reduces visibility into sustainable profit levels across a 2-6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Momentum
Sustained revenue compounding and a meaningful step-up in 2026 margins and net income create a stronger earnings base. This improves the firm's ability to reinvest, fund working capital, and absorb cyclical shocks, supporting durable operational scale and profit generation over months.
Read all positive factors
APL Apollo Tubes Limited (APLAPOLLO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹594.88B
Dividend Yield0.27%
Average Volume (3M)15.81K
Price to Earnings (P/E)48.3
Beta (1Y)0.94
Revenue Growth9.64%
EPS Growth53.34%
CountryIN
Employees2,682
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)44.26
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)52.88
Revenue Forecast (FY)₹271.51B
APL Apollo Tubes Limited Business Overview & Revenue Model
Company Description
APL Apollo Tubes Limited is an Indian manufacturer and distributor specializing in structural steel tubes and pipes. The company offers a diverse product portfolio, including structural tubes engineered for various applications such as constructio...
How the Company Makes Money
APL Apollo Tubes primarily makes money by manufacturing and selling finished steel tubular products (steel tubes and pipes) in India and, to a lesser extent, in export markets. Its core revenue stream is the sale of these value-added steel tube pr...
APL Apollo Tubes Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 227.31B | 230.79B | 199.96B | 175.07B | 156.74B | 126.25B |
| Gross Profit | 30.36B | 29.69B | 16.41B | 15.02B | 13.24B | 11.57B |
| EBITDA | 19.27B | 19.14B | 12.81B | 12.58B | 10.62B | 9.80B |
| Net Income | 12.29B | 12.03B | 7.57B | 7.32B | 6.42B | 6.19B |
Balance Sheet | ||||||
| Total Assets | 93.46B | 88.33B | 75.96B | 71.87B | 58.52B | 44.52B |
| Cash, Cash Equivalents and Short-Term Investments | 18.36B | 8.86B | 9.47B | 11.41B | 5.00B | 1.69B |
| Total Debt | 4.29B | 4.98B | 6.34B | 11.44B | 8.73B | 5.81B |
| Total Liabilities | 37.67B | 35.37B | 33.88B | 35.82B | 28.46B | 19.88B |
| Stockholders Equity | 55.79B | 52.97B | 42.09B | 36.05B | 30.06B | 22.64B |
Cash Flow | ||||||
| Free Cash Flow | 13.71B | 13.41B | 4.91B | 4.17B | -1.72B | 550.60M |
| Operating Cash Flow | 20.67B | 20.38B | 12.13B | 11.12B | 6.90B | 6.52B |
| Investing Cash Flow | -14.17B | -14.45B | -3.75B | -9.16B | -8.76B | -5.30B |
| Financing Cash Flow | -3.79B | -3.22B | -8.15B | 265.50M | 1.43B | 260.30M |
APL Apollo Tubes Limited Technical Analysis
Positive
1933.20
Price Trends
1877.83
Positive
1902.87
Positive
1921.70
Positive
Market Momentum
73.74
Negative
77.84
Negative
94.10
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 1971.14, above the 50-day MA of 1877.83, and above the 200-day MA of 1921.70, indicating a bullish trend. The MACD of 73.74 indicates Negative momentum. The RSI at 77.84 is Negative, neither overbought nor oversold. The STOCH value of 94.10 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹172.41B | 28.48 | ― | 0.80% | -8.57% | -62.05% | |
76 Outperform | ₹594.88B | 48.33 | ― | 0.31% | 9.64% | 53.34% | |
67 Neutral | ₹47.54B | 15.35 | ― | 2.03% | 11.69% | 8.23% | |
63 Neutral | ₹160.22B | 38.12 | ― | 0.59% | -16.30% | -24.14% | |
62 Neutral | ₹528.66B | 26.39 | ― | 0.31% | 20.21% | 14.36% | |
61 Neutral | ₹31.90B | 30.99 | ― | 0.09% | 21.73% | 13.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:APLAPOLLO
APL Apollo Tubes Limited
2,138.50
490.00
29.72%
IN:JINDALSAW
Jindal Saw Limited
291.55
90.21
44.80%
IN:RATNAMANI
Ratnamani Metals & Tubes Ltd.
2,353.50
-42.00
-1.75%
IN:SURYAROSNI
Surya Roshni Limited
220.35
-66.88
-23.28%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
1,559.60
255.89
19.63%
IN:WELCORP
Welspun Corp Limited
2,306.40
1,418.85
159.86%
APL Apollo Tubes Limited Corporate Events
APL Apollo Publishes Q1 FY27 Unaudited Results in Newspapers
Aug 2, 2026
APL Apollo Tubes Limited has published newspaper advertisements detailing its unaudited financial results for the quarter ended June 30, 2026, in The Financial Express and Jansatta. The company has provided a QR code and web link in the ads to fac...
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.