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APL Apollo Tubes Overview

APL Apollo Tubes Ltd is a steel tube producer. The Company is engaged in the commercial enterprise of manufacturing of electrical resistance welded (ERW) metallic tubes. The Company manufactures galvanized pipe, pre-galvanized pipe, black pipe and coils. Its merchandise include MS Black Round Tubes, Galvanized Iron Tubes, Pre Galvanized Tubes, Hollow Sections, API Tubes and Dynamically Balanced Tubes. Its unique products consist of hollow section pipe, window section, flat oval/capsule section, handrail, d-section, elliptical tube and slim sect...Read More

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APL Apollo Tubes Key Financials

Market Cap ₹62229 Cr.

Stock P/E 82.2

P/B 12.7

Current Price ₹2241.4

Book Value ₹ 177.1

Face Value 2

52W High ₹2206

Dividend Yield 0.26%

52W Low ₹ 1273.3

APL Apollo Tubes Share Price

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Volume
Price

APL Apollo Tubes Quarterly Price

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APL Apollo Tubes Peer Comparison

APL Apollo Tubes Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 4630 4178 4766 4974 4774 5433 5509 5170 5206 5815
Other Income 20 15 19 25 15 22 35 26 25 25
Total Income 4650 4193 4784 4999 4789 5454 5544 5195 5231 5840
Total Expenditure 4305 3898 4485 4673 4636 5087 5095 4798 4759 5343
Operating Profit 345 295 299 326 153 367 449 398 472 497
Interest 27 29 31 28 36 37 32 33 28 33
Depreciation 41 47 47 47 47 50 58 54 58 59
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 277 219 221 252 70 280 359 310 386 404
Provision for Tax 74 53 51 59 16 63 66 73 85 94
Profit After Tax 203 166 170 193 54 217 293 237 302 310
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 203 166 170 193 54 217 293 237 302 310
Adjusted Earnings Per Share 7.3 6 6.1 7 1.9 7.8 10.6 8.5 10.9 11.2

APL Apollo Tubes Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 3138 4214 3924 5335 7152 7723 8500 13063 16166 18119 20690 21700
Other Income 5 10 6 8 16 22 36 41 47 75 96 111
Total Income 3143 4224 3930 5343 7168 7745 8536 13104 16213 18194 20786 21810
Total Expenditure 2957 3932 3591 4964 6764 7246 7821 12118 15144 16927 19491 19995
Operating Profit 186 292 339 379 405 500 715 986 1069 1267 1295 1816
Interest 66 70 72 81 113 107 66 44 67 113 133 126
Depreciation 22 34 51 53 64 96 103 109 138 176 201 229
Exceptional Income / Expenses 0 -25 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 98 163 216 244 227 296 546 832 863 978 960 1459
Provision for Tax 34 62 64 86 79 40 138 213 221 245 203 318
Profit After Tax 64 101 152 158 148 256 408 619 642 732 757 1142
Adjustments 0 0 -0 1 0 -18 -48 0 0 0 0 0
Profit After Adjustments 64 101 152 159 148 238 360 619 642 733 757 1142
Adjusted Earnings Per Share 2.7 4.3 6.4 6.7 6.2 9.6 14.4 24.7 23.1 26.4 27.3 41.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 17% 22% 21%
Operating Profit CAGR 2% 10% 21% 21%
PAT CAGR 3% 7% 24% 28%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 59% 23% 36% 42%
ROE Average 19% 22% 24% 22%
ROCE Average 23% 25% 27% 24%

APL Apollo Tubes Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 495 568 703 838 964 1356 1695 2464 3006 3605 4209
Minority's Interest 0 0 0 0 0 95 138 0 0 0 0
Borrowings 141 188 105 78 175 404 183 347 408 787 409
Other Non-Current Liabilities 78 92 145 137 229 236 323 471 423 529 669
Total Current Liabilities 649 885 1032 1260 1598 1283 1354 1614 2693 2974 2850
Total Liabilities 1364 1733 1985 2313 2966 3375 3693 4897 6531 7894 8136
Fixed Assets 614 666 658 875 1034 1708 1736 1837 2580 3281 3668
Other Non-Current Assets 94 104 321 168 302 159 383 1048 879 793 1066
Total Current Assets 644 962 1006 1270 1620 1507 1575 2012 3052 3820 3401
Total Assets 1364 1733 1985 2313 2966 3375 3693 4897 6531 7894 8136

APL Apollo Tubes Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 2 1 2 7 47 44 16 164 123 345
Cash Flow from Operating Activities 315 11 315 91 358 510 977 652 691 1112 1213
Cash Flow from Investing Activities -191 -93 -170 -165 -264 -435 -647 -530 -876 -916 -375
Cash Flow from Financing Activities -124 81 -145 79 -53 -78 -359 26 143 27 -815
Net Cash Inflow / Outflow -0 -1 0 5 41 -3 -28 148 -41 222 24
Closing Cash & Cash Equivalent 2 1 2 7 47 44 16 164 123 345 369

APL Apollo Tubes Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.72 4.29 6.44 6.69 6.22 9.57 14.42 24.73 23.14 26.4 27.29
CEPS(Rs) 3.66 5.75 8.61 8.91 8.91 14.15 20.44 29.08 28.13 32.73 34.53
DPS(Rs) 1.2 2 2.4 2.8 2.8 0 0 3.5 5 5.5 5.75
Book NAV/Share(Rs) 20.63 24.21 29.61 35.05 40.1 54.16 67.69 98.16 108.3 129.87 151.12
Core EBITDA Margin(%) 5.22 6.05 7.61 6.68 5.33 5.98 7.76 7.07 6.08 6.34 5.42
EBIT Margin(%) 4.71 4.99 6.58 5.86 4.67 5.06 7 6.56 5.54 5.8 4.94
Pre Tax Margin(%) 2.81 3.5 4.93 4.4 3.11 3.72 6.24 6.23 5.14 5.2 4.34
PAT Margin (%) 1.83 2.16 3.47 2.85 2.03 3.21 4.66 4.63 3.82 3.9 3.42
Cash Profit Margin (%) 2.46 2.89 4.64 3.81 2.92 4.41 5.84 5.45 4.64 4.83 4.33
ROA(%) 5.07 6.5 8.18 7.36 5.62 8.07 11.54 14.41 11.23 10.16 9.45
ROE(%) 14.21 19.14 24.03 20.67 16.58 22.23 26.84 29.85 23.51 22.17 19.41
ROCE(%) 17.42 21.29 22.9 22.38 19.81 20.12 27.78 33.34 26.88 25.35 22.9
Receivable days 22.26 15.5 21.47 23.89 24.42 23.33 12.67 6.45 5.2 2.68 3.35
Inventory Days 31.87 35.82 44.36 34.87 34.42 35.87 32.24 21.94 25.27 30.26 26.89
Payable days 22.36 23.58 36.49 30.95 31.2 40.61 39.49 30.01 34.56 41.82 43.02
PER(x) 14.76 15.49 18.19 29.82 23.16 13.03 48.57 36.96 52.02 56.63 55.87
Price/Book(x) 1.95 2.75 3.95 5.69 3.59 2.3 10.35 9.31 11.12 11.51 10.09
Dividend Yield(%) 1.5 1.5 1.03 0.7 0.97 0 0 0.38 0.42 0.37 0.38
EV/Net Sales(x) 0.45 0.52 0.85 1.03 0.59 0.5 2.08 1.77 2.1 2.33 2.05
EV/Core EBITDA(x) 7.54 7.56 9.89 14.51 10.49 7.78 24.7 23.42 31.73 33.37 32.7
Net Sales Growth(%) 25.68 34.26 -6.88 35.96 34.07 7.98 10.05 53.69 23.75 12.08 14.19
EBIT Growth(%) 9.48 41.67 23.89 13.05 4.5 18.61 51.6 43.29 6.11 17.27 0.24
PAT Growth(%) 8.09 57.76 51.25 3.96 -6.25 72.68 59.26 51.82 3.7 14.11 3.36
EPS Growth(%) 8.08 57.76 49.99 3.95 -7.08 53.94 50.68 71.52 -6.42 14.08 3.35
Debt/Equity(x) 1 1.15 0.85 0.93 0.9 0.62 0.31 0.24 0.29 0.31 0.15
Current Ratio(x) 0.99 1.09 0.98 1.01 1.01 1.17 1.16 1.25 1.13 1.28 1.19
Quick Ratio(x) 0.5 0.42 0.52 0.54 0.52 0.56 0.6 0.72 0.58 0.73 0.62
Interest Cover(x) 2.47 3.34 4 4.01 3 3.76 9.26 19.72 13.87 9.62 8.21
Total Debt/Mcap(x) 0.51 0.42 0.22 0.16 0.25 0.27 0.03 0.03 0.03 0.03 0.01

APL Apollo Tubes Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 29.67 29.57 29.44 28.33 28.32 28.31 28.31 28.31 28.3 28.27
FII 28.63 29.23 30.67 31.53 31.92 31.7 31.75 33.03 33.7 33.11
DII 12.72 13.78 14.08 14.92 15.92 16.52 16.76 16.85 18.93 19.93
Public 28.98 27.42 25.81 25.22 23.84 23.46 23.17 21.8 19.07 18.69
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

APL Apollo Tubes News

APL Apollo Tubes Pros & Cons

Pros

  • Company has delivered good profit growth of 24% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 28.27%.
  • Debtor days have increased from 41.82 to 43.02days.
  • Stock is trading at 12.7 times its book value.
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