APL Apollo Tubes Ltd
NSE: APLAPOLLO · Iron & Steel Products · sector
Key numbers
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹886 cr vs borrowings ₹452 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 13.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹2,077.90 on 2026-10-26: -9.7% from the 52-week high, +23.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,774 | 5,433 | 5,509 | 5,170 | 5,206 | 5,815 | 6,269 | 5,607 |
| EBITDA | 138 | 346 | 414 | 372 | 447 | 472 | 511 | 411 |
| OPM % | 2.9% | 6.4% | 7.5% | 7.2% | 8.6% | 8.1% | 8.2% | 7.3% |
| Other income | 15 | 22 | 35 | 26 | 25 | 25 | 36 | 40 |
| Net profit | 54 | 217 | 293 | 237 | 302 | 310 | 354 | 263 |
| EPS (₹) | 1.94 | 7.82 | 10.56 | 8.55 | 10.86 | 11.17 | 12.76 | 9.48 |
| Revenue YoY | +9.1% | +7.0% | +13.8% | +8.5% | ||||
| Profit YoY | +460.4% | +42.9% | +20.9% | +10.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 13,063 | 16,166 | 18,119 | 20,690 | 23,079 | 22,897 |
| EBITDA | 945 | 1,022 | 1,192 | 1,199 | 1,802 | 1,841 |
| Net profit | 557 | 642 | 732 | 757 | 1,203 | 1,229 |
| EPS (₹) | 22.30 | 23.15 | 26.40 | 27.28 | 43.34 | 44.27 |
| Revenue growth | +23.8% | +12.1% | +14.2% | +11.5% | +9.6% | |
| Profit growth | +15.2% | +14.1% | +3.4% | +58.9% | +53.4% | |
| Dividend / share (₹) | – | 3.50 | 5.00 | 5.50 | 5.75 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +12.6% | +22.1% | +9.6% |
| Net profit | +23.3% | +27.3% | +53.4% |
| EPS | +23.2% | +8.4% | – |
| Share price | – | +15.9% (2y) | +18.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,006 | 3,605 | 4,209 | 5,297 |
| Borrowings | – | 873 | 1,125 | 615 | 452 |
| Cash & equivalents | – | 490 | 348 | 575 | 886 |
| Total assets | – | 5,852 | 7,187 | 7,596 | 8,833 |
| Fixed assets | – | 2,349 | 3,031 | 3,370 | 3,740 |
| Capital work in progress | – | 374 | 203 | 336 | 328 |
| Investments | – | 96 | 103 | 126 | 49 |
| Receivables | – | 0 | 139 | 267 | 351 |
| Inventory | – | 1,480 | 1,638 | 1,623 | 1,445 |
| Payables | – | 1,597 | 1,982 | 2,231 | 2,368 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 652 | 690 | 1,112 | 1,213 | 2,103 |
| Cash from investing | -530 | -876 | -916 | -375 | -1,394 |
| Cash from financing | 26 | 145 | 27 | -815 | -438 |
| Capex | 597 | 862 | 695 | 722 | 696 |
| Free cash flow | 55 | -172 | 417 | 491 | 1,407 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 21.4% | 20.3% | 18.0% | 22.7% |
| ROCE % | – | 24.0% | 23.1% | 22.7% | 29.3% |
| Debtor days | – | 0 | 3 | 5 | 6 |
| Inventory days | – | 39 | 38 | 33 | 27 |
| Payable days | – | 42 | 46 | 46 | 44 |
| Cash conversion cycle (days) | – | -3 | -5 | -8 | -11 |
| Working capital days | – | 8 | 17 | 10 | 16 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 28.18% |
| FIIs | 34.14% |
| DIIs | 20.82% |
| of which Mutual funds | 16.83% |
| of which Insurance | 2.63% |
| Public (non-institutions) | 16.86% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 28.31% | 28.31% | 28.31% | 28.30% | 28.27% | 28.25% | 28.25% | 28.18% |
| Promoter group | % |
|---|---|
| S Gupta Holding Private Limited | 26.60% |
| Veera Gupta | 1.57% |
| Sanjay Gupta | 0.00% |
| Ashok Kumar Gupta | 0.00% |
| Rahul Gupta | 0.00% |
| Rohan Gupta | 0.00% |
| Public holders above 1% | % |
|---|---|
| Kitara Piin 1001 | 6.34% |
| NEW World Fund INC | 4.85% |
| Smallcap World Fund INC | 4.24% |
| ICICI Prudential Midcap Fund | 3.47% |
| Government Pension Fund Global | 2.40% |
| Aditya Birla SUN Life Trustee Private Limited A/C Aditya Birla SUN Life Flexi CAP Fund | 2.02% |
| DSP Midcap Fund | 1.93% |
| Franklin India MID CAP Fund | 1.77% |
| Principal Funds INC. - Global Emerging Markets Fund | 1.36% |
| Nippon Life India Trustee Ltd- A/C Nippon India Growth MID CAP Fund | 1.31% |
| HDFC Life Insurance Company Limited | 1.10% |
| Sameer Mahendra Sampat | 1.05% |
| NPS Trust A/C - Tata Pension Fund - NPS Vatsalya Scheme | 1.02% |
1,49,548 shareholders. Pledged: 0.00% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| MAHSEAMLES | ₹7,148 cr | 9.7x | 1.0x | 11.2% | 14.2% | 15.0% | -6.5% | 1.87% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-08 | Dividend | Dividend - Rs 8.50 Per Share |
| 2025-08-22 | Dividend | Dividend - Rs 5.75 Per Share |
| 2024-09-19 | Dividend | Dividend - Rs 5.50 Per Share |
| 2023-09-01 | Dividend | Dividend - Rs 5 Per Share |
| 2022-09-02 | Dividend | Dividend - Rs 3.50 Per Share |
| 2021-09-16 | Bonus | Bonus 1:1 |
| 2021-07-15 | Other | Annual General Meeting |
| 2020-12-15 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-19 | Dividend | Dividend - Rs 14 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend Rs 14 Per Share |
| 2017-09-21 | Dividend | Annual General Meeting/ Dividend- Rs 12 Per Share |
| 2016-09-08 | Dividend | Annual General Meeting/Dividend - Rs 10/- Per Share |
| 2015-08-13 | Dividend | Annual General Meeting/Dividend - Rs 6/- Per Share |
| 2014-09-17 | Dividend | Annual General Meeting And Dividend Rs.5/- Per Share |
| 2013-08-07 | Dividend | Annual General Meeting / Dividend - Rs 5/- Per Share |
| 2012-09-20 | Dividend | Annual General Meeting/Dividend Rs 2 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Structural Steel Tube Manufacturer: Manufacturing & selling of structural steel tubes and related value added products
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | APLAPOLLO |
| BSE code | 533758 |
| ISIN | INE702C01027 |
| Face value | ₹2.0 |
| Incorporated | 1986-02-24 |
| Website | https://aplapollo.com |
| Plants (India / abroad) | 10 / 1 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.